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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LANKA IOC PLC (LIOC.N0000)

LANKA IOC PLC (LIOC.N0000)

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76LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Aug 26, 2016 4:33 pm

karuna


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@karuna wrote:Good lesson .

Ma parath kawadoo sarata . Lioc only valid long term this share new innocent people's money killing
Who promote with such a baila.  

I nothing to say anything about them.

Lioc don't have a branded products as a example servo lubricant oils selling very cheap prices in the market.  Who like to buy India industry cheap products . No one accept Indian product . Probably can't use longer.  

U know aaf it also shiting Indians and never return profit . They keeping there profit . And wasting innocent people's time 
Aaf now nearly 4 years puka india going same same place. 

However carefully with Indian's . We nothing discuss about India games. 

Great share never mislaid there investors.  
Do your best investment to best shares

77LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Aug 26, 2016 5:58 pm

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
http://www.dailymirror.lk/114772/Diesel-production-tax-increased

The Government has increased the production tax on diesel by Rs. 10 per liter with effect from August 20, the Finance Ministry announced today. Accordingly, the production tax on diesel has been increased to Rs. 13 from Rs. 3. Ministry said the market price of diesel would not be increased due to the new tax revision. The ministry said the crude oil prices in the world market have declined and the Government has revised the production tax on diesel in order to claim the advantage from the world oil price decline. 

78LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Aug 26, 2016 6:26 pm

Brinthan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Now everything finish...

EC sir already alert regarding this share...No body care..Ec sir hats off....We can't trust this share anymore...I will pray for retail buyers...Don't caught promotions....

79LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Aug 26, 2016 7:19 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Brinthan wrote:Now everything finish...

EC sir already alert regarding this share...No body care..Ec sir hats off....We can't trust this share anymore...I will pray for retail buyers...Don't caught promotions....


I dont have LIOC

i bought 2014 and sold 2014

I like to say something about this tax.

Production Tax increase now. this tax is depending on world market crude oil. if they keep oil price at same level then Tax should be vary time to time. this is similar to price formula.

now sri lankan market receiving 25-35 USD crude oil. thats why they have increase production tax. if not LIOC will get high profit during next two quarters.

last time oil price fixed according 54 USD Base (27.01.2015)

then after Rupee depression around 12-13%. then considering Crude Oil Price is 54* 13% = 47 USD

if crude oil price stay on 47 USD. then LIOC  making profit. so then another 11% tax increase new considering Crude oil Price is = 41.8 USD, current Brent oil price is 49 USD.

but in the sri lankan market now we receiving 25-35 Range oil. LIOC has enough profit. with this tax also they can make 1-2 Rupees per quarter.

now also they can make 5-6 Rupees per year very easily.

this is my idea. I dont have LIOC. i said this bcz some people panic and  making loss without thinking.

80LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sun Aug 28, 2016 3:20 am

Teller


Moderator
Moderator
I think government has done correct thing. That's why I said earlier post regarding LIOC ,
We can't expect much from LIOC .

81LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sun Aug 28, 2016 9:41 pm

thala


Equity Analytic
Equity Analytic
Guys any thoughts on tomorrows price,  i think may be 1 or 2 rs up by market close due to the huge fall on Friday 
 Or will it have further 1 or 2 rs fall extended losses due to the tax  increase?

82LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 7:29 am

EquityChamp

EquityChamp
Moderator
Moderator
More chances are to come down and settle around 35 hen the next quarter result is out. Will add some pressure on market index as well.
Thanks

83LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 7:35 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:
@predictor wrote:Previous uncertainty situation changed with the new government. No need to run the petrolium at a loss by giving concessions. When the Formula is introduced profits will not changed drastically. Pricing formula is to make profits and not to incur losses. Most of the Countries where they have formula petrol/Diesel prices are higher than Srilanka.

EPS will be at least Rs. 10/-. from the present activities. With the planned new activities like distribution etc more chances are there to have a better EPS. That means LIOC should touch at least 80/-.(10/-*8 P/E)
A JUSTIFIABLE PREDICTION BY PREDICTOR!
What is your MM tool predicts!!!

84LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 9:10 am

samaritan


Moderator
Moderator
According to Bartleet Religare Securities the effect of increase in production tax is expected to hit eps of LIOC by Rs 1/41 per quarter.

OK, now the 1st Qtr eps was 3/75. expected eps after allowing for tax increase for the balance qtrs will be 3/75 less 1/41 = 2/34.

So, annualized eps (after tax increase) = Rs 10/77.
Still the share price has the potential to trade at a minimum of 60/= the least.

At the end of the day intelligent investors are collecting in a big way even at the closing stages of trading on last Friday. Where as the innocents are misled to sell their shares by unscrupulous elements.

Wish to invite experts comments please.


_________________




The biggest risk in life is not taking any risk at all.

85LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 10:59 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=33]Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct[/size]
Author LBO
Posted on August 26, 2016 | Commodity, Economy

"Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement.
Although the excise duty on diesel was raised three days ago, no public announcement was made until Friday.
The share price of LIOC fell to 37.80 rupees, down 9.7 percent, on the Colombo Stock Exchange Friday with 215 million rupees of shares traded, raising questions whether the announcement had been made to the market before the shares were sold.
Bartleet Religare Securities said the hike will erode profit margins of the listed Lanka Indian Oil Corporation.
“LIOC will have to absorb the increased tax amount as a cost since there was no indication of a retail price hike,” Bartleet Religare Securities said.
“Our calculations indicate around a 400 basis points drop in gross profit margin and 750 million rupees bottom line hit per quarter.”

86LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 12:34 pm

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
The best thing to do is buy in small quantities and average down cause we never know the bottom but all we know is LIOC is a good share to have in your portfolio.

Happy Trading

87LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 29, 2016 12:37 pm

NZ BOY

NZ BOY
Moderator
Moderator
introducing the pricing formula which is again a good thing. A win win situation for every body.

88LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 30, 2016 3:25 pm

thala


Equity Analytic
Equity Analytic
Seems lioc recovered from the great fall, now we have 
to wait for the next cycle of selling to begin as close to 9 to 10 mn shares traded in the range of 35.8 to 41.60 just alone in the last week. Is those buyers decided to hold it for some time until the ex dividend date then atleast we can expect this to trade above 42.

89LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 30, 2016 10:39 pm

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics
Not 42 this will pass 50 easily

90LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Wed Aug 31, 2016 9:14 pm

thala


Equity Analytic
Equity Analytic
http://asianmirror.lk/news/item/18688-request-made-to-raise-increase
 
Lanka IOC has requested permission from government to introduce a fuel price hike after the diesel production tax was increased.

The company says the increase of the diesel production tax from Rs 3 to Rs 13 has increased their production cost by 56 percent.

The company also claims that it has affected the production of petrol as well.

It is reported that Lanka IOC has requested for a meeting with Minister of Petroleum and Petroleum Gas Chandima Weerakkody.

91LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Thu Sep 01, 2016 10:54 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Ravi K will give some concession to CPC after discussion

with Chandima W

No price increase Tax will be reduced

LIOC will be benefited continuously because of CPC

CPC cost is very high because of inefficiencies mainly due to unproductive employment by Politicians

Profit of LIOC will increase year by year
Share prices also will increase

I hope next week around 45/=

92LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sat Sep 03, 2016 5:21 pm

thala


Equity Analytic
Equity Analytic
Anyone has any news on LIOC will there be a reduction in tax?

93LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sun Sep 04, 2016 7:06 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Positive

This counter is undervalued as per EPS(Q) 3.75 EPS(A) 15

Oil prices are still low at world market

Negative

But sentiments are against this counter.

This quarter LIOC profit 1 900M(1.9B). Indian oil corporation gets 1900 X .75 =1425M out 1900M profit.Even Gamini Lokuge refer this in balaya political program.So whenever profit go up,pressure will come from several quarters like JVP,etc. 

This is essential items.Government will often intervene on behalf of people or presserised by opposition.

94LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Sep 09, 2016 4:31 pm

thala


Equity Analytic
Equity Analytic
Minor uptrend today probably because of selling drying out, any thoughts on this guys or any latest info on this?

95LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Fri Sep 09, 2016 11:45 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Until CPC is there LIOC will have good profits

CPC cost is very high because of political appointments

LIOC price wiil go up with the time and

Present trend is abnormal

96LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sat Sep 10, 2016 4:50 am

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@thala wrote:Minor uptrend today probably because of selling drying out, any thoughts on this guys or any latest info on this?
If you have this just hold. You will amazed.

97LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Wed Sep 14, 2016 9:24 pm

happybulls

happybulls
Equity Analytic
Equity Analytic
Sept 14, 2016 (LBO) – A proposal for automatic fuel pricing has been accepted in principle, Sri Lanka’s Petroleum Minister Chandima Weerakkody said on Wednesday, adding a timeline for implementation has not yet been decided.
“The Finance Ministry and relevant committees are discussing the details. My proposal has been accepted in principle,” he said, speaking to media.
According to commitments to the International Monetary Fund, the Ministry of Finance has promised to introduce a fuel pricing mechanism that ensures retail fuel prices are above cost-recovery levels by December 2016.

98LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Wed Sep 14, 2016 9:30 pm

happybulls

happybulls
Equity Analytic
Equity Analytic
I am confident that this time pricing mechanism will come by December.Also witnessed 2.7 Mn foreign inflow today?? This will be a happy news for LIOC share holders...

99LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Wed Sep 14, 2016 11:23 pm

Truestory


Equity Analytic
Equity Analytic
You are correct happybulls. Fuel pricing formula was agreed with IMF for Us $ 1.5B loan as per the following article. It should come in December 2016.
http://www.economynext.com/Market_based_Sri_Lanka_fuel,_electricity_pricing_from_December-3-5260-1.html

With the formula LIOC /CPC will not operate at a loss. Once the formula is introduced it may be applicable for either 3 months or 6 months like other countries.
Formula will ensure CPC/LIOC will have stable profits from petrol/Diesel sales. Hence with other activities where there is less control LIOC will make bigger bottom line. 
May be a very good investment at this price.

100LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Thu Sep 15, 2016 1:15 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Any way CPC selling price and LIOC selling price will be same

Allways good prifit for LIOC

101LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Sat Sep 17, 2016 2:03 pm

thala


Equity Analytic
Equity Analytic
Good times ahead for lioc I believe with this prospect

102LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Mon Sep 19, 2016 9:54 pm

thala


Equity Analytic
Equity Analytic
http://www.economynext.com/Sri_Lanka_diesel_tax_hike_may_create_losses_for_retailers-3-6139-8.html

103LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Tue Sep 20, 2016 10:12 am

thala


Equity Analytic
Equity Analytic
http://www.adaderana.lk/news/37027/cpc-faces-rs-2-billion-monthly-losses-after-excise-duty-hike-minister


CPC faces Rs. 2 billion monthly losses after excise duty hike - Minister
September 20, 2016  07:55 am
           

Sri Lanka’s state-owned Ceylon Petroleum Corporation will incur a loss of about two billion rupees ($13.78 million) per month after the government raised excise duty last month, the petroleum resources minister said on Monday.

 

The finance ministry, which is under pressure from the IMF to increase revenue, raised the excise duty on diesel by 10 rupees to 13 rupees with effect from Aug. 20 without increasing diesel’s retail price.

 

Conditions imposed by the International Monetary Fund in return for a $1.5 billion, 36-month loan require reforms of the state sector which has put the government under pressure to seek new sources of revenue.

 

“It will be close to 2,000 million rupees,” the minister, Chandima Weerakkody, told a Foreign Correspondents’ Association forum in Colombo, referring to monthly losses that the state-owned petroleum corporation (CPC) faces.

 

“There is a slight profit for diesel, but for petrol anyway there is a loss. With this excise duty, our production at refinery is also taxed.”

 

Sri Lanka’s only 50,000 barrel-per-day refinery also supplies fuel in addition to imported refined fuel.

 

Weerakkody, however, said the CPC earned a profit after tax of 46.5 billion rupees in the first half of the year against a loss of 13.2 billion rupees in the first 11 months of last year.

 

He said a price formula has been considered for fuel prices in line with the world market prices, but it has not been implemented.

 

Diesel has been at 95 rupees since the fuel price was last revised down in January 2015.

 

The CPC and Lanka Indian Oil Corporation, a subsidiary of Indian Oil Corporation, are the only two firms selling diesel in the island nation.

 

Prices are set following talks between the companies and the government.

 

The Colombo based JB Securities, a leading stock broker, last week said in a note to investors that the tax changes were a step in the right direction but the way it was imposed could have an impact on the companies profitability.

 

“What is dumbfounding is good tax policy has been totally negated by not passing on these taxes to the consumer, it has been left to the two oil companies to bear ... the loss per litre for CPC will be much higher due to its inefficiency so the profits they have made in the year to date will be wiped out by the end of the year,” Reuters reports.

104LANKA IOC PLC (LIOC.N0000) - Page 4 Empty Re: LANKA IOC PLC (LIOC.N0000) Tue Sep 20, 2016 10:45 pm

Truestory


Equity Analytic
Equity Analytic
I have a little doubt on duty on diesel as mentioned by JB securities. can someone confirm the figure of 32/-

As far as I know ex. duty on diesel was increased only in Aug by 10/- to 13/-. There was a talk in July to increase the ex. duty but was it really increased in July ??
If the actual ex. duty and customs duty ads upto only 22/- for diesel then LIOC will have at least over a billion profit for the 2nd qtr and slightly higher profit in the 3rd qtr.(crude prices are little cheaper)
This will ad upto about 8/- EPS for 3 qtrs.

Have a strong feeling that formula will come in Jan'17 and LIOC should make about 2 bln in the 4th qtr. This will ad upto EPS of appr 12/-
In this case NAS will move upto 46/- by the end of 2016/17.

If the formula comes in jan it will be a smooth sailing for LIOC.

105LANKA IOC PLC (LIOC.N0000) - Page 4 Empty LANKA IOC PLC Tue Feb 13, 2018 9:06 pm

milindajps1


Stock Trader
. LIOC wanted to increase prices earlier. What could be the future of this share with the recent developments in politics. Will UNP increase prices or imyroduce price formula if they form a govt. on their own.

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