LIOC Community

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Re: LIOC Community

Postby SHARK » Fri Dec 22, 2017 10:56 am

Yes its becoming very much clear where LIOC gonna trade in weeks time, with brent in the 63+

take this as an opportunity.
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Re: LIOC Community

Postby SHARK » Tue Jan 02, 2018 11:19 pm

with taxes/duty reduced nick in time LIOC pushed to 30 :D
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Re: LIOC Community

Postby SHARK » Wed Jan 03, 2018 12:11 am

9a6f49d0-ba5e-4791-965e-55f10d277b35.jpg


this will help improve the current situation of LIOC in some way know !

hopefully the issue would be permanently fixed once in for all after the elections :-w

thanks for the contribution of this piece of information.

credit goes where it belongs.
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Re: LIOC Community

Postby Blue Whale » Wed Jan 03, 2018 11:15 am

Blue Whale wrote:
future123 wrote:OMG. Why there is a gross loss? That means their buying price + direct costs more than the selling price. This is very dangerous. Sooner the price formula better for LIOC.

PAT wrote:Results.....

https://cdn.cse.lk/cmt/upload_report_fi ... 969756.pdf

what happened ........

Loss for the quarter , EPS - 1.22


This is the exact reason why I am saying we should not look LIOC beyond 30/- levels. Speculative factors can drive it beyond that but the performance are really unpredictable. One quarter with huge profits and the analysts are expecting good results thereafter. Then comes a quarterly report with thumping losses. Then all the expectations are like airless balloons. This is certainly not a value counter in my opinion. [-x [-x [-x


Once again LIOC has provided a good trading opportunity below 30/- levels. Traders bought around 26-27 can target for a gain of 20% within a very short period. :-bd
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Re: LIOC Community

Postby SHARK » Wed Jan 03, 2018 11:37 am

this time possible maxxa 38 or to test the highs around 40

if we hear the good news of pricing formula and price revision partially then possibly market movers will push beyond 40
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Re: LIOC Community

Postby SHARK » Thu Jan 04, 2018 11:32 pm

we have a channel established, between 26.50rs and 38.50rs for those interested in technicals, this will be considered a mid term target.
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Re: LIOC Community

Postby newer1 » Thu Jan 04, 2018 11:51 pm

But I feel it needs to break 32- 32.50rs barrier to confirm new up ward trend and if failed possibility to come down again.
Hope for the best.
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Re: LIOC Community

Postby Blue Whale » Fri Jan 05, 2018 5:34 am

Without any clear announcement of a fuel formula, its a difficult thing to assume a long growth trajectory for LIOC. Rather I prefer to trade it within my trading band, buy below 30/- level and sell above 30/- level. That's a simple plan ne. :D
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Re: LIOC Community

Postby SHARK » Fri Jan 05, 2018 10:57 am

newer1 wrote:But I feel it needs to break 32- 32.50rs barrier to confirm new up ward trend and if failed possibility to come down again.
Hope for the best.

with the latest announcement what we expect would be to minimise the impact, with rising brent price we would surely like to see a revision of prices.
the start is good that finance minister has taken, which was long overdue.

so collect quietly without encouraging the sellers to place higher offers.
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Re: LIOC Community

Postby SHARK » Sat Jan 06, 2018 8:32 pm

ECONOMYNEXT - Sri Lanka has cut import duties on fuel, bringing taxes on diesel, which has been linked with cancer to a new low of only 09 rupees a litre, hitting state revenues, customs data showed.

The import duty on petrol has been cut from 25 rupees to 15 rupees and diesel from 12 rupees to 09 from December 15.

Petroleum minister Arjuna Ranatunga told parliament on December 08, that in addition to the import duty of 25 rupees, a litre of petrol was also charged an excise duty of 27 rupees, port and airport levy of about 4.77 rupees and national building tax of 0.88 rupees.

Total taxes totalled 57.65 rupees (49 percent) on average on a 117 rupee per litre retail price.

Without taxes a lire of petrol could be sold at 77.48 rupees, Ranatunga said.

Sri Lanka sells diesel sharply below petrol at 95 rupees a litre, though it is more expensive to import than petrol. Refined petrol is only about 75 US dollars a barrel in Singapore, while diesel is over 79 US dollars a barrel.

The duty waivers will help improve profits of both listed Lanka IOC and Ceylon Petroleum Corporation while hurting state revenues and the deficit.

LIOC has said it sell about 600 metric tonnes of petrol a day and Ceylon Petroleum Corporation about 2,500 metric tonnes.

Sri Lanka does not have a price formula for fuel yet. It is expected to come on stream in March.

Global commodity and stock prices have started to go up with the US credit system recovering. A US tax cut may further worsen the US state finances and hit the credit system and push inflation up, if the Fed does not tighten monetary policy sufficiently, analysts have warned.

Sri Lanka subsidizes diesel use with lower taxes, despite it being a more expensive fuel to import due to the prevalence of Mercantilist cost-push cost push doctrine.

Sri Lanka cut fuel prices by 22 percent in 2015 and inflation has surged over 17 percent since then.

Sri Lanka has seen excessive use of diesel due to underpricing. Diesel exhaust is classified as “carcinogenic to humans,” by the International Agency for Research on Cancer, and US Enviromental Protection Agency has classified it as “likely to be carcinogenic to humans.”

Kerosene, which is similar to jet fuel is the most expensive fuel to import, but is sold at 44 rupees a litre by government, following price cuts by ex-Finance Minister Ravi Karunanayake.

Kerosene is used by several large factories and the fisheries sector. The government has encouraged the mixing of kerosene with petrol and the sale of substandard fuel by the large subsidy. (Colombo/Jan05/2018)
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Re: LIOC Community

Postby SHARK » Wed Jan 10, 2018 12:23 am

Blue Whale wrote:Without any clear announcement of a fuel formula, its a difficult thing to assume a long growth trajectory for LIOC. Rather I prefer to trade it within my trading band, buy below 30/- level and sell above 30/- level. That's a simple plan ne. :D
announcement on the way in march, can we collect below 30 in the upcoming few weeks/days..... because results will be out in a months time ne. /:)
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Re: LIOC Community

Postby Blue Whale » Wed Jan 10, 2018 6:59 am

SHARK wrote:
Blue Whale wrote:Without any clear announcement of a fuel formula, its a difficult thing to assume a long growth trajectory for LIOC. Rather I prefer to trade it within my trading band, buy below 30/- level and sell above 30/- level. That's a simple plan ne. :D
announcement on the way in march, can we collect below 30 in the upcoming few weeks/days..... because results will be out in a months time ne. /:)

Better not to Base the buy decision on speculation as this had been long overdue. But it is a safe trading track if you can buy below 30/-. I would like if that can be around 28/-
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Re: LIOC Community

Postby newer1 » Wed Jan 10, 2018 5:30 pm

Foreign buying > 200k for today @ 30rs
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Re: LIOC Community

Postby SHARK » Wed Jan 10, 2018 9:29 pm

i like newer signature below....... trend is your friend :D so newer seemed to have caught the beginning of the trend ..... and all those bought whatever qtys 26-28.

consider all of those are now in a lock-in-period.

unlock your investment in awurudu season and enjoy real awurudu this time.
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Re: LIOC Community

Postby newer1 » Wed Jan 10, 2018 10:25 pm

newer1 wrote:But I feel it needs to break 32- 32.50rs barrier to confirm new up ward trend and if failed possibility to come down again.
Hope for the best.

resisted @ 32 and as expected now
:-bd
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Re: LIOC Community

Postby SHARK » Fri Jan 12, 2018 12:52 pm

for some, technical play would be 30/28 to 36.

long term play will test 40-45, albeit fuel formula implemented in march 2018
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Re: LIOC Community

Postby Blue Whale » Fri Jan 12, 2018 1:11 pm

SHARK wrote:for some, technical play would be 30/28 to 36.

long term play will test 40-45, albeit fuel formula implemented in march 2018


Why you say March 2018. Do you have any confirmed news :)
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Re: LIOC Community

Postby SHARK » Fri Jan 12, 2018 1:15 pm

with this government sorry to say even confirmed news becoming later un-confirmed :D


so i am going with the flow ......... yes i am only trusting the finance minister... he is doing a tough job in trying circumstances along-side the governor.
both in my opinion will do their best to implement, IMF is head over heels :)
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Re: LIOC Community

Postby SHARK » Wed Jan 24, 2018 9:27 am

https://cdn.cse.lk/cmt/upload_report_fi ... 764171.pdf

Report was out very fast this time breaking the previous dates.

wish they had put few management notes.

nevertheless, awaiting good news after the elections inline with IMF.

fingers crossed maithri and slfp clan dont put a circus.
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Re: LIOC Community

Postby Blue Whale » Wed Jan 24, 2018 11:08 am

Though the result is a lost I have seen certain improvements In their cost base YoY. Seems that they are exploring ways to reduce cost base which is a good sign. LIOC remains a good buy around 27-28 range for a good trade.
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Re: LIOC Community

Postby SHARK » Wed Jan 24, 2018 1:16 pm

Blue Whale wrote:Though the result is a lost I have seen certain improvements In their cost base YoY. Seems that they are exploring ways to reduce cost base which is a good sign. LIOC remains a good buy around 27-28 range for a good trade.
Hmm You are spot on :ympeace:

We have to collect slowly without much fanfare till probably end of Feb/Jan.

\m/
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Re: LIOC Community

Postby Blue Whale » Wed Jan 24, 2018 3:22 pm

Jan 24, 2018 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy says the government will introduce a cost reflective pricing formula for both fuel and electricity this year.

The IMF said in its latest report that domestic prices of fuel and electricity are expected to be determined by a formula introduced in March and September this year.

“Over 90% of CPC, CEB losses are due to the fact that they subsidized fuel and electricity. Government forces them to sell at an administrative price below cost but yet it doesn’t compensate them for subsidies,” Coomaraswamy said.

“Successive governments have been very clever in parking the budget deficit in the CEB & CPC and subsequently get transferred onto the balance sheets of the state banks. It is a highly distortionary thing that has been going on forever.”

The IMF, however, highlighted that SOE reforms should progress without further delay and the cabinet decision to introduce cost-reflective pricing formula should be made by March this year.

According to IMF, the cabinet decision to introduce a cost-reflective automatic pricing formula for electricity should be made by September this year.

“If we are able to get this cost reflective pricing formula into place for fuel and energy it will again remove a major distortion in the system,” Coomaraswamy said.

“It will also significantly improve the macroeconomic stability in the country.”
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Re: LIOC Community

Postby SHARK » Wed Jan 24, 2018 7:55 pm

Blue Whale wrote:
SHARK wrote:for some, technical play would be 30/28 to 36.

long term play will test 40-45, albeit fuel formula implemented in march 2018


Why you say March 2018. Do you have any confirmed news :)


So now you have the news ne :)
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Re: LIOC Community

Postby Blue Whale » Wed Jan 24, 2018 8:07 pm

So let's trade then :))
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Re: LIOC Community

Postby SHARK » Wed Jan 24, 2018 8:17 pm

The LIOC report out and this news from Governor appearing in LBO was it coincident or ?
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