LGL Community

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Re: LGL Community

Postby Blue Whale » Thu Jan 04, 2018 10:34 am

LGL has gave a nice trading opportunity to those who entered around 22-23 range. Really moved without any notice.

LGL chart 4 Jan 18.png


By looking at the order book its look like easy 30+ ;)
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Re: LGL Community

Postby SHARK » Thu Jan 04, 2018 10:34 am

ganno dinanno :D
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Re: LGL Community

Postby Blue Whale » Thu Jan 04, 2018 10:38 am

Early bird catches the worm =))
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Re: LGL Community

Postby SHARK » Thu Jan 04, 2018 10:40 am

those who bought .... enjoying in tough conditions, similarly LIOC bought around 27-28 up with 3rs.
LGL up 5 from bottom :D
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Re: LGL Community

Postby Blue Whale » Thu Jan 04, 2018 10:49 am

See how fast it moves. Very few sellers below 30/-. Now where is our Bitcoin friend. Haven't heard from him for a while. CFVF too having a party but our man is missing. :))
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Re: LGL Community

Postby voight » Thu Jan 04, 2018 10:57 pm

for me this is a multibagger in LT. Im counting on it :-$
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Re: LGL Community

Postby Blue Whale » Fri Jan 05, 2018 5:27 am

Showed some good support @ 27/-. Will it consolidate around 27/- before jumping to 30/- :-?
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Re: LGL Community

Postby Blue Whale » Fri Jan 05, 2018 10:11 am

LGL moving slowly towards 30/-.
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Re: LGL Community

Postby SHARK » Mon Jan 08, 2018 10:35 pm

The construction of the LAUGFS LPG import and export terminal in Hambantota has been halted with immediate effect following an order from the government, Asian Mirror reliably learns.

Built with an investment of $ 80 million, the LAUGFS terminal is set to be one of the largest LPG import and export terminals in its class in South Asia.

It was scheduled to be completed by April, 2018 and the company sources said the construction was 80 percent completed at the time the order came.

As a result, the opening of the terminal has been postponed indefinitely, they also added. This has raised many an eyebrow as it sends out a strong negative message to local investors.

The order had come following the agreement signed between the Sri Lanka Ports Authority and the Chinese partner over the development of the Hambantota port. It was learnt that a dispute over the terminal construction agreement had been the main reason for the government's order.

The terminal was initially designed to tap into the energy requirements of some of the largest emerging LPG markets, including India, Bangladesh and Myanmar.
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Re: LGL Community

Postby Edmond » Tue Jan 09, 2018 8:21 pm

SHARK wrote:The construction of the LAUGFS LPG import and export terminal in Hambantota has been halted with immediate effect following an order from the government, Asian Mirror reliably learns.

Built with an investment of $ 80 million, the LAUGFS terminal is set to be one of the largest LPG import and export terminals in its class in South Asia.

It was scheduled to be completed by April, 2018 and the company sources said the construction was 80 percent completed at the time the order came.

As a result, the opening of the terminal has been postponed indefinitely, they also added. This has raised many an eyebrow as it sends out a strong negative message to local investors.

The order had come following the agreement signed between the Sri Lanka Ports Authority and the Chinese partner over the development of the Hambantota port. It was learnt that a dispute over the terminal construction agreement had been the main reason for the government's order.

The terminal was initially designed to tap into the energy requirements of some of the largest emerging LPG markets, including India, Bangladesh and Myanmar.


This is shameful & discourage the local investors. According to the news 80% of the construction has completed.

:-\

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Re: LGL Community

Postby Blue Whale » Tue Jan 09, 2018 9:04 pm

Edmond wrote:
SHARK wrote:The construction of the LAUGFS LPG import and export terminal in Hambantota has been halted with immediate effect following an order from the government, Asian Mirror reliably learns.

Built with an investment of $ 80 million, the LAUGFS terminal is set to be one of the largest LPG import and export terminals in its class in South Asia.

It was scheduled to be completed by April, 2018 and the company sources said the construction was 80 percent completed at the time the order came.

As a result, the opening of the terminal has been postponed indefinitely, they also added. This has raised many an eyebrow as it sends out a strong negative message to local investors.

The order had come following the agreement signed between the Sri Lanka Ports Authority and the Chinese partner over the development of the Hambantota port. It was learnt that a dispute over the terminal construction agreement had been the main reason for the government's order.

The terminal was initially designed to tap into the energy requirements of some of the largest emerging LPG markets, including India, Bangladesh and Myanmar.


This is shameful & discourage the local investors. According to the news 80% of the construction has completed.

:-\

Another government sponsored issue. Naamak thamai mea parath.
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Re: LGL Community

Postby voight » Wed Jan 10, 2018 10:18 am

When we think the government is coming out of the woods to do good, then they do this stupid shit again. :-q
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Re: LGL Community

Postby SHARK » Wed Jan 10, 2018 10:08 pm

ECONOMYNEXT – Sri Lanka’s Laugfs Engineering (Pvt) Ltd. and Sanken Construction have won a contract to build a wind barrier around a coal and ash yard at the island biggest power plant, a government spokesman said.

The present wind barrier at the 900MW Lakvijaya Power plant on the coast of northwestern Puttalam is not enough to prevent coal dust and ash polluting neighbouring homes during windy conditions, he said.

The coal dust and fly ash had been causing difficulties for residents living close to the plant.

The Cabinet of ministers this week approved a proposal by Power and Renewable Energy Minister Ranjith Siyambalapitiya to improve the wind barrier and provide better protection for the coal and ash yard by awarding the Rs723.7 million contract to the two firms.

(COLOMBO, January 10, 2018)
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Re: LGL Community

Postby voight » Thu Jan 11, 2018 1:11 pm

No tree grows to the sky :-?

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Re: LGL Community

Postby SHARK » Thu Jan 11, 2018 9:58 pm

a wise decision
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Re: LGL Community

Postby SHARK » Thu Jan 11, 2018 11:02 pm

ECONOMYNEXT – Sri Lanka’s Laugfs Gas said it was holding talks with the new Chinese operator of Hambantota port and investment authorities to resolve problems on proceeding with a terminal it was building at the southern harbour.

Construction work on a pipeline linking the terminal to the jetty had been halted by Sri Lanka Ports Authority, a stock exchange filing said.

The port was handed over on a 99-year lease to China Merchant Port Holdings (CMPort) for US$1.12 billion last month.

Laugfs had begun building the US$80 million LPG import-export terminal before the government’s deal with China.

Laugfs said the project would be completed on target with the first phase over by April 2018 and the current issue would not be detrimental to the project.
(COLOMBO, January 11, 2018)
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Re: LGL Community

Postby GB » Thu Jan 11, 2018 11:06 pm

But time frame will not be attractive. Look at WATA. Still no announcement regarding their Hatton Plantaion....dont know how long will take to list in cse..

REEF restructre still pending...

Court, CSE, SEC taking too much time ne...

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Re: LGL Community

Postby voight » Sun Jan 14, 2018 5:21 pm

Sri Lanka's Laugfs expects pure play investors after non-core spin-offs

ECONOMYNEXT - Sri Lanka's diversified Laugfs Gas Plc group said said a splitting non-core units will allow specialized investors to buy into the core liquefied petroleum gas (LPG) business as well as spun-off units like hotels and power generation.

Existing shareholders of Laugfs Gas Plc will get voting and non-voting shares of Laugfs Leisure Plc, Laugfs Power Plc and Laugfs Eco Sri, an auto emission teste, in the same proportion as shares held in the parent.

The units will be then listed on the Colombo Stock Exchange.

The diversified business had stopped specialist energy investors and regional funds buying into LGL, the firm said in a stock exchange filing.

"..[A] segregation will make the company a pure play energy business.." the firm said.

The hotels and power generation as well as the emission testing business will be able to buy into the units and provide technical knowledge through strategic partnerships, the firm said.

Many companies put billions of rupees into hotels after a 30-year war ended in 2009, generating a tourism boom and high prices, but since then the market has seen competition, creating an East Asia style with lean start-ups drawing visitors through booking engines, bringing prices down.

The parent will retain its LPG gas distribution in Sri Lanka and Bangladesh and terminal and gas shipping business.

Under Sri Lanka's company law, the firm has petitioned the High Court of the Western Province which has given the nod for a special general meeting of shareholders to approve the separation of businesses in mid-March. The next court date is March 23, 2018.
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Re: LGL Community

Postby SHARK » Tue Feb 20, 2018 9:56 am

will there be an increase in domestic gas prices !
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Re: LGL Community

Postby catseye » Tue Feb 20, 2018 10:08 am

There was a ad in last Sunday Times by Gas companies, explaining about the gas price increases in the recent time. Mention that recent increases were not enough to match the world market prices. I think now companies are trying to raise the case via public awareness.

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Re: LGL Community

Postby SHARK » Tue Feb 20, 2018 10:11 am

bullish chart pattern taking place .... i like to see 35 if it breaks 28
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Re: LGL Community

Postby SHARK » Tue Feb 20, 2018 10:18 am

lpg.png
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Re: LGL Community

Postby SHARK » Wed Feb 21, 2018 11:26 pm

nicely poised. no harm to buy possibility is endless... s/t target 32rs.
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Re: LGL Community

Postby SHARK » Thu Feb 22, 2018 9:04 am

they require min price increase of 400rs.....
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Re: LGL Community

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