LLUB will be above 100 in future.GOSL wrote:
Island-wide raids on low quality lubricants
The Consumer Affairs Authority (CAA) has decided to investigate the import, production, distribution and sale of lubricants and related products in Sri Lanka from today due to the increase of consumer complaints on low-quality lubricants in the market.
Accordingly, the raids on illegal lubricants products will be carried out island-wide by CAA with the assistance of the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of the lubricant market of Sri Lanka.
A large number of illicit lubricant products were seized in 15 raids yesterday (17th Feb 2020) and the value of the products is estimated to be around 2.5 million rupees
Main reason is that Base oil(Main material for Lubricant) in market got lowest comparing to 5 year period...within two or three quarters will will see a major profitability..Current management is very good and motivated to drive the company to new phase....
I could see a major collection going on LLUB... Invest wisely...
BUY WHEN DUMMIES SELL
SELL WHEN DUMMIES BUY