Chevron Lubricants Lanka PLC - LLUB Dividend from 1999

sriranga

sriranga

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According to Quarterly Financial report as of 30.09.2011
No of Shares 120,000,000
Public holding = 49%

Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Llub10

Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Llub10

Last edited by sriranga on Wed Jan 22, 2014 9:23 am; edited 1 time in total

Rajaraam

Rajaraam

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According to the figures EPS is coming down and the share price is going up. Isn't it?

WildBear

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Rajaraam wrote:According to the figures EPS is coming down and the share price is going up. Isn't it?

LLUB had share splits time to time, hence dilution of EPS.

Slstock

Slstock

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Thanks Sriranga.

But is 2004 Dividend amount correct?

Also can you please let me know the references you used to find this data?

sriranga

sriranga

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slstock wrote:
Thanks Sriranga.

But is 2004 Dividend amount correct?

Also can you please let me know the references you used to find this data?

Thanks a lot for your feedback.
Really appreciate.
I found the info from their Annual report.
Please find below the snapshot from their annual report.

Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Llub_110

Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Llub_110

Slstock

Slstock

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sriranga wrote:

slstock wrote:
Thanks Sriranga.

But is 2004 Dividend amount correct?

Also can you please let me know the references you used to find this data?

Thanks a lot for your feedback.
Really appreciate.
I found the info from their Annual report.
Please find below the snapshot from their annual report.

2004 Eps 10.78
2004 Dividend RS 34

Looks like they disposed some assert and paid a thumping dividend in 2004.

sriranga

sriranga

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slstock wrote:

sriranga wrote:

slstock wrote:
Thanks Sriranga.

But is 2004 Dividend amount correct?

Also can you please let me know the references you used to find this data?

Thanks a lot for your feedback.
Really appreciate.
I found the info from their Annual report.
Please find below the snapshot from their annual report.

2004 Eps 10.78
2004 Dividend RS 34

Looks like they disposed some assert and paid a thumping dividend in 2004.

If we notice their Balance Sheet year 2003 the reserve was 2,009,326,000.
In 2004 that was reduced to 616,123,000.
I'm not 100% sure, instaed of giving bonus share they gave cash dividend.

Slstock

Slstock

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sriranga wrote:

slstock wrote:

sriranga wrote:

slstock wrote:
Thanks Sriranga.

But is 2004 Dividend amount correct?

Also can you please let me know the references you used to find this data?

Thanks a lot for your feedback.
Really appreciate.
I found the info from their Annual report.
Please find below the snapshot from their annual report.

2004 Eps 10.78
2004 Dividend RS 34

Looks like they disposed some assert and paid a thumping dividend in 2004.

If we notice their Balance Sheet year 2003 the reserve was 2,009,326,000.
In 2004 that was reduced to 616,123,000.
I'm not 100% sure, instaed of giving bonus share they gave cash dividend.

What you say is probably it. Actually was looking at the dip of around 1.7bil from 2003 to 2004 in the Current /Non Current Assert. But reserves are reduced which is most like the cause.

Being a multi national company, looks like they need to look after their "shareholders" in greater interest in form of cash dividends also to take profit out. Works well for all.

I last disposed my LLUb around Rs 178-180s. Maybe if I get an opportunity I will re-enter.

thanks

smallville

smallville

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CHEVRON is anyway a cash rich entity, they've been paying 4 dividends a year..
Could be one of the very few companies that pay divs like dat...

PGCR

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Still i can remember one day in 2004 LLUB was trading around Rs 80 level. After the dividend announcement it went up by 35 bucks.
I belive that was the highest ever share price movement Percentage due to a dividend announcement in CSE.

My lecturer had 3800 shares on XD date & using his LLUB dividend he went "Dabadiwa". :-)

lamaya

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but LLUB markets share in the domestic lubricant market is reducing drastically...Earlier they enjoyed a market share around 95% and now it has come down to 65%...Even the comapny doesnt have any expansion or diverdification strategies. Based on dividends the stock has a value. Company payed 98% of its profits as dividends in last yer and it was 95% in previous year. This was because company dosnt have any capital expenditure or any invetments. therefore I think in long term LLUB has downside momentum..(Not a buy or sell recommendation.This is just my idea)

Redbulls

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Thanks for the info.

http://forum.srilankaequity.com/t22165-lubricant-market-growth-slows-in-2q

Malika1990

Malika1990

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wow what a nice company as well as sriranga's work.
sriranga brings valuable post to the forum
good work Very Happy

smallville

smallville

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LLUB is a defensive counter; means that u can put some money and wait till it grows for 3-5 years enjoying dividends 4 times a year till the share price appreciates.. Once the div is announced this runs for abt 8-10 rupees even (normally div is 3-4 rupees) .

The Lub industry may grow slowly due to the fierce competition and the limited new vehicles in these days..
However, even though we think these things there wont be a downside to the business till the vehicles are on the roads Wink

This counter has undergone several sub-divisions and that's why the div is low in number.. The foreign entity that holds the stock (parent company) pumps money to their country in the form of dividends so we see a lavish dividend policy in this counter as well..

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Chevron Lubricants Lanka PLC - LLUB Dividend from 1999

1 Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Sun Nov 06, 2011 11:23 pm

sriranga

2 Re: Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Sun Nov 06, 2011 11:40 pm

Rajaraam

3 Re: Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Sun Nov 06, 2011 11:54 pm

WildBear

4 Re: Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Mon Nov 07, 2011 3:10 am

Slstock

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sriranga

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sriranga

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Slstock

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smallville

10 Re: Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Mon Nov 07, 2011 9:52 pm

PGCR

11 Re: Chevron Lubricants Lanka PLC - LLUB Dividend from 1999 Mon Nov 07, 2011 11:33 pm

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