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Sri Lanka Equity Forum » Stock Market Talk » LAUGFS GAS PLC (LGL.N0000)

LAUGFS GAS PLC (LGL.N0000)

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1LAUGFS GAS PLC (LGL.N0000) Empty LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 10:38 am

dimuthubas


Stock Analytic
Stock Analytic
http://www.dailymirror.lk/news/10113-laugfs-goes-up.html

Price of a 12.5Kg Laugfs gas cylinder has been increased by Rs. 96 from today. The revised priced of a cylinder is Rs. 1652, Laugfs Gas officials said.  (Daily Mirror online)

but @ CSE still LGL is going down..

2LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 11:49 am

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i don't get u Shocked
what is the correlation between this and share price ?

3LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 11:50 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

revenue/profit will be high

4LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 11:54 am

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sapumal wrote:
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

revenue/profit will be high

Crude oil trading above $90 at the moment so the LP Gas cost even more Exclamation
when the cost goes up profit goes down.

5LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 11:59 am

dimuthubas


Stock Analytic
Stock Analytic
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

According to the news LGL received an approval for a Price hike of 537/= for a 12.5Kg Laugfs gas cylinder, even they have increase only by 96/=.

As far as I can understand, undoubtedly income of Laugfs gas must go higher. At the mean time doors are open for them to increase its price further more until 537/=, according to market situations.

6LAUGFS GAS PLC (LGL.N0000) Empty lol on Thu Mar 03, 2011 12:01 pm

isplit


Stock Trader
loool

7LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 12:07 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics
I never thought people would be happy to see the cost of living going higher from higher.

8LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 12:12 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dimuthubas wrote:
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

According to the news LGL received an approval for a Price hike of 537/= for a 12.5Kg Laugfs gas cylinder, even they have increase only by 96/=.

As far as I can understand, undoubtedly income of Laugfs gas must go higher. At the mean time doors are open for them to increase its price further more until 537/=, according to market situations.

why only Rs96 while they could go for Rs 500 ?

with this hike Price of Litro and lgl gas prices for 12.5 kg cylinders will be equal.

Don't forget the big Picture Idea

there is no monopoly now . government control prices .

9LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 12:45 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Meta Trader wrote:
@sapumal wrote:
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

revenue/profit will be high

Crude oil trading above $90 at the moment so the LP Gas cost even more Exclamation
when the cost goes up profit goes down.

Very Happy lol! Very Happy

10LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 1:29 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@Meta Trader wrote:
@dimuthubas wrote:
@Meta Trader wrote:i don't get u Shocked
what is the correlation between this and share price ?

According to the news LGL received an approval for a Price hike of 537/= for a 12.5Kg Laugfs gas cylinder, even they have increase only by 96/=.

As far as I can understand, undoubtedly income of Laugfs gas must go higher. At the mean time doors are open for them to increase its price further more until 537/=, according to market situations.

why only Rs96 while they could go for Rs 500 ?

with this hike Price of Litro and lgl gas prices for 12.5 kg cylinders will be equal.

Don't forget the big Picture Idea

there is no monopoly now . government control prices .

I don't think GOSL has any adesire to get another burdan on them. There are enough problems at theie hand... CEB, CPC, SLTB,CGR,........long list. Moreover, switching cost is high. People are mindful in getting services from the government entities as we know about the quality and level services.

11LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Thu Mar 03, 2011 1:45 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Other shares pick up again.

12LAUGFS GAS PLC (LGL.N0000) Empty LAUGFS GAS PLC (LGL.X0000) on Fri Mar 04, 2011 6:50 pm

sasl

sasl
Equity Analytic
Equity Analytic
Sri Lanka Laugfs to lose exclusive rights to local gas output
Mar 04, 2011 (LBO) - Sri Lankan liquid petroleum gas supplier Laugfs Gas is to lose exclusive rights to buy the entire LPG production of the state oil refiner Ceylon Petroleum Corporation, a government statement said.

The petroleum ministry said the government had struck a deal with Lithro Gas, a former Shell unit bought by the government, under which Lithro will get 72 percent of CPC gas production and Laugfs 28 percent.
Petroleum ministry secretary Titus Jayewardena told Vimasuma.com, our sister news website, that the government had decided to share the CPC gas production based on the market shares of the two gas retailers.

Laugfs Gas chairman W K H Wegapitiya lashed out at the decision saying they had received neither written nor verbal official notice of the decision.

"It is unethical of the government not to have informed us despite a supreme court order that entitles Laugfs to the LPG production of the Ceylon Petroleum Corporation," he told Vimasuma.com

Laugfs Gas listed on the Colombo bourse last year, raising 2.5 billion rupees in an initial public offer in November to settle debt, expand facilities and also enter property development.



Laugfs IPO prospectus said it has exclusive rights of procuring the entirety of LPG produced by the CPC refinery, which if ended, could raise the firm's costs resulting in a narrowing of profit margins.


The supply deal with the CPC is also under an order of the Supreme Court and Laugfs also relies entirely on imports, with little impact on margins, during regular CPC refinery shutdowns for maintenance, it also said.



Last edited by Quibit on Wed Oct 30, 2019 5:23 pm; edited 2 times in total (Reason for editing : Spellings)

13LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:05 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
How investors going to react to this news

14LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:15 pm

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics
this is an old news .

15LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:20 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gaja wrote:How investors going to react to this news

boy Exclamation
this will be a god smack . Shocked

i think laugf will have to start its own refinery with their IPO money , Evil or Very Mad

16LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:26 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
i remember once upon a time there was a crappy band called godsmack Idea

17LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:27 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
anyways this is pretty bad news and the reaction of the chairman sorts of tells.

This is what happens when you try to mess with cabraal

18LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 7:33 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:i remember once upon a time there was a crappy band called godsmack Idea

Twisted Evil

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
This what the Group Chairman of Laugfs Holding said at the CEO's breakfast Froum recently.

1. I am competing with an organisation where the chairman is the President.

2. Govt is getting in to business.



Ref: http://www.ft.lk/2011/03/03/sme-development-and-access-to-finance/

Since the news is in JPG format I am unable to copy it here.


http://forum.srilankaequity.com/u188

20LAUGFS GAS PLC (LGL.N0000) Empty Re: LAUGFS GAS PLC (LGL.N0000) on Fri Mar 04, 2011 9:21 pm

thambi

thambi
Manager - Equity Analytics
Manager - Equity Analytics
@mono wrote:anyways this is pretty bad news and the reaction of the chairman sorts of tells.

This is what happens when you try to mess with cabraal


why what happened with him and cabraal ????

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