LGL Community

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Chaminda
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Re: LGL Community

Postby Chaminda » Fri Jun 02, 2017 12:15 am

Below Rs 25 is highly unlikely


future123 wrote:Very good below 25/=. Watching this.

When price formula comes they will be back to profits.

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Re: LGL Community

Postby future123 » Fri Jun 02, 2017 12:37 am

May be if the market is positive. If you are extremely lucky then possible. Even around 26 to 27, I feel good discounted price. Only thing is, they need a price formula to record profit.

Chaminda wrote:Below Rs 25 is highly unlikely


future123 wrote:Very good below 25/=. Watching this.

When price formula comes they will be back to profits.

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Re: LGL Community

Postby Blue Whale » Fri Jun 02, 2017 5:25 am

I think buying from a bottom will help to trade because Q1 of next year they will show some improvements.
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Re: LGL Community

Postby ruwa » Fri Jun 02, 2017 9:05 am

If their investments perform well in future this will give a very good return in the long run.

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Re: LGL Community

Postby SHARK » Tue Jun 13, 2017 7:58 pm

any GAS price revision on the cards..... how much should enough LGL to be in profits :D
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Re: LGL Community

Postby SHARK » Wed Jun 14, 2017 5:58 am

SHARK wrote:any GAS price revision on the cards..... how much should enough LGL to be in profits :D
Litro GAS price revision paper submitted by Ravi has been rejected by the cabinet.

what is RAVI's stake on bringing this paper :-B he is the foreign minister, why he is bringing this paper to the cabinet. it should be coming from the finance minister (mangala) or rishard, kabir or eran. L-)
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Re: LGL Community

Postby Blue Whale » Wed Jun 14, 2017 7:50 am

SHARK wrote:
SHARK wrote:any GAS price revision on the cards..... how much should enough LGL to be in profits :D
Litro GAS price revision paper submitted by Ravi has been rejected by the cabinet.

what is RAVI's stake on bringing this paper :-B he is the foreign minister, why he is bringing this paper to the cabinet. it should be coming from the finance minister (mangala) or rishard, kabir or eran. L-)


Probably that is the reason for rejection of the paper.
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Re: LGL Community

Postby batman111 » Wed Jun 14, 2017 8:12 am

Blue Whale wrote:
SHARK wrote:
SHARK wrote:any GAS price revision on the cards..... how much should enough LGL to be in profits :D
Litro GAS price revision paper submitted by Ravi has been rejected by the cabinet.

what is RAVI's stake on bringing this paper :-B he is the foreign minister, why he is bringing this paper to the cabinet. it should be coming from the finance minister (mangala) or rishard, kabir or eran. L-)


Probably that is the reason for rejection of the paper.


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Re: LGL Community

Postby Blue Whale » Wed Jun 14, 2017 8:33 am

Who knows RK have been given the additional responsibility to monitor the other ministries. =))
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Sri Lanka’s LAUGFS group to expand offshore gas trading

Postby NC+ » Tue Jun 27, 2017 5:28 pm

ECONOMYNEXT – Sri Lanka’s LAUGFS Gas group has begun hiring traders for its new energy trading unit in Dubai, aiming to extend its offshore presence beyond the existing downstream business to serve regional markets and being a maritime logistics provider.

Group Chairman and Chief Executive W K H Wegapitiya said SLOGAL Energy DMCC in Dubai Multi Commodity Center will be used with a liquid petroleum gas storage terminal being built at Hambanttota port and a growing fleet of gas carriers to expand its overseas business.

The construction of LAUGFS LPG Terminal at Hambantota, by China Huanqiu Contracting & Construction Corporation, will deliver storage capacity of 30,000 MT of LPG, most of which will be used to serve regional markets, he told shareholders in the firm’s annual report.

The company aims to “disrupt the current value chain to provide cost-effective solutions for other countries in the region,” Wegapitiya said.

Construction has been progressing on schedule; it's now over 25 percent complete, with phase I scheduled to be operational in the second half of 2018.

The group also invested $3.3 million in buying a new LPG vessel named Gas Courage, increasing its fleet to three vessels, which are mainly used for transporting the group’s LPG requirement to Bangladesh and Sri Lanka.

“The increased capacity enables us to transform SLOGAL Energy DMCC operations as we seek new markets for transporting LPG, expanding our business lines and footprint,” Wegapitiya said.

The report said LAUGFS group plans for SLOGAL “extend to exploiting trading opportunities outside the group's existing downstream businesses". “As such, we are in the process of appointing experienced traders to cater to regions such as, Africa, Latin America and European continents,” it said. “The vision of SLOGAL is to extend its services beyond being a sole LPG supplier to be an efficient and effective maritime logistics provider leveraging on the growth in maritime transportation globally.”

LAUGFS Managing Director U K Thilak De Silva said its LPG trading operations in the UAE, strengthened its position, procure about 10 percent of its requirements from Sri Lanka.

“This strategic positioning will enable us to realise our aspirations, expanding our offshore businesses to lucrative markets in the region and beyond. Capacity was expanded during the year supported by the Transportation & Logistics Sector of the Group, which is pivotal to growth and profitability in this sector,” he said.
(COLOMBO, June 27, 2017)
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Re: LGL Community

Postby sashimaal » Mon Jul 03, 2017 10:35 am

Price revision rumors going on...hinted at the AGM as well

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Re: LGL Community

Postby sashimaal » Fri Jul 07, 2017 1:55 pm

Heating up...
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Re: LGL Community

Postby voight » Fri Jul 07, 2017 4:04 pm

The price upgrade of this is long overdue with the current run. Though I like to wait and see till Q4 end to get more qty in than what I already have on this
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Re: LGL Community

Postby traderchandi » Mon Jul 17, 2017 9:00 am

Sri Lanka's Laugfs to make cylinders in Bangladesh, expand gas business


ECONOMYNEXT - Sri Lanka's Laugfs Gas said it will will set up a cylinder manufacturing plant and expand distribution and storage in Bangladesh.

"As an energy conglomerate with a strong footprint within the region, we plan to invest significantly in Bangladesh over the next 3 years for capacity enhancement, expanding storage volume, setting up a cylinder manufacturing plant as well as expanding our distribution centres,” Laugfs Gas chief W K H Wagapitiya ha said.

He was speaking at reception hosted by the firm attended by Sri Lanka President Maithripala Sirisena in Bangladesh foreign minister Ravi Karunanayake, Bangladesh foreign miniter Shahriar Alam, Energy Minister Narul Hamid, telecom minister Nunaid Ahmed Palak.

LAUGFS Gas entered Bangladesh in 2015 acquiring gas distributor Petredec Elpiji Limited. Laugfs imports and distributes over 50,000 metric tonnes of liquefied petroleum gas a year.

It operates a bottling and distribution facility in Mongla Port and sells 12 and 45 kilogram cylinders for domestic and industrial customers.

"The LAUGFS Gas brand signifies quality, reliability and safety," LAUGFS Holdings Group Managing Director, Thilak De Silva said.

"As a brand trusted across the region, we have made it a priority to make a positive impact on the lives of the people of Bangladesh. Strengthening our investments, creating more local employment opportunities as well as engaging our local communities will all serve towards this commitment."

Laugfs group has its own vessels and is also expanding operations in Sri Lanka.


http://www.economynext.com/Sri_Lanka_s_ ... 333-8.html

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Re: LGL Community

Postby Blue Whale » Mon Jul 17, 2017 9:03 am

Thanks chand. :D
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Re: LGL Community

Postby voight » Mon Jul 17, 2017 9:42 am

seriously need to evaluate LGL. The company have done lot of aggressive investment last two years and many will be on the pipeline imo. a possible sleeping small giant ?
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Re: LGL Community

Postby topcat » Mon Jul 17, 2017 10:01 am

voight wrote:seriously need to evaluate LGL. The company have done lot of aggressive investment last two years and many will be on the pipeline imo. a possible sleeping small giant ?

I can't visualize the meaning of 'small giant' ... :D
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Re: LGL Community

Postby SHARK » Mon Jul 17, 2017 10:04 am

This will be a good investment..... in 2-3 years time...
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Re: LGL Community

Postby voight » Mon Jul 17, 2017 10:05 am

topcat wrote:
voight wrote:seriously need to evaluate LGL. The company have done lot of aggressive investment last two years and many will be on the pipeline imo. a possible sleeping small giant ?

I can't visualize the meaning of 'small giant' ... :D


Shrek and Hulk was in mind. :))
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Re: LGL Community

Postby SHARK » Fri Jul 21, 2017 1:37 pm

hello members,

courtesy of luke... we will discuss....

opinion from respected seniors most welcome....

hawk value stockshunter blue and contra the floor is yours
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Re: LGL Community

Postby SHARK » Fri Jul 21, 2017 3:14 pm

technically LGLX looks a definite buy..... timing would be important for one more chance.... massive indication on MACD .. can we get one more dip to test the support with upcoming qtr results.
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Re: LGL Community

Postby NC+ » Fri Jul 21, 2017 3:39 pm

SHARK wrote:technically LGLX looks a definite buy..... timing would be important for one more chance.... massive indication on MACD .. can we get one more dip to test the support with upcoming qtr results.

That's true shark, I was noted too.. I think Its preparing for a run..
I add LGL to my watch list... :D
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Re: LGL Community

Postby SHARK » Fri Jul 21, 2017 3:49 pm

we must add to watchlist and also to our PF :D
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Re: LGL Community

Postby ruwa » Fri Jul 21, 2017 5:02 pm

A share with very good long term prospectives
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Re: LGL Community

Postby voight » Fri Jul 21, 2017 10:21 pm

a definite LT counter. min 3-5 years imo
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