Fuel and Gas price up..

kuk83 · 1 Fuel and Gas price up.. Sat Apr 02, 2011 12:23 pm

kuk83

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What ii be the impact on LGL and LIOC ???

Prices of petrol, diesel kerosene and gas were increased from midnight yesterday. Ceylon Petroleum Corporation sources said petrol and kerosene would be increased by Rs. 10 a litre while diesel would go up by Rs. 3.

Meanwhile, the price of a 12.5 kg cylinder of Litro gas was increased by Rs. 238 with effect from midnight yesterday. Trade Ministry sources said the new price of a Litro gas cylinder would now be Rs. 1890. The new price of 95 Octane Petrol will be Rs 143 a litre while 90 Octane petrol will cost Rs 125.

Prices of Super diesel will be Rs 98.30 and Auto diesel Rs 76. The new price of a litre of kerosene will be Rs 61. The LIOC is also expected to review its prices and the company was awaiting a decision from the CPC to make a final decision.

http://print.dailymirror.lk/news/front-page-news/40071.html

Last edited by Quibit on Sat Apr 02, 2011 12:35 pm; edited 1 time in total (Reason for editing : article embedded)

Rajitha · 2 Re: Fuel and Gas price up.. Sat Apr 02, 2011 12:25 pm

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I told after elections the fuels prices would go up and it would be great for LIOC! ( A company already having great earnings per share)
But many disagreed with me saying there is small chance as it has not in the past! Now it is there for all to see! Very Happy

Rajitha · 3 Re: Fuel and Gas price up.. Sat Apr 02, 2011 1:06 pm

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http://forum.srilankaequity.com/t1263-lioc-what-do-you-guys-think
Discussion about LIOC and fuel prices !

Slstock · 4 Re: Fuel and Gas price up.. Sat Apr 02, 2011 1:16 pm

Slstock

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Rajitha wrote: I told after elections the fuels prices would go up and it would be great for LIOC! ( A company already having great earnings per share)
But many disagreed with me saying there is small chance as it has not in the past! Now it is there for all to see!

This is a sleeping giant. Once/if a run start this will bring very decent profit. Current financials justify. Think people were always worried about the volatility in the industry.

Let me disclose further that I have been holding this for 3-4 months now. Hope my holding effort will be justified soon;-)

Last edited by slstock on Sat Apr 02, 2011 1:34 pm; edited 2 times in total

Rocky · 5 Re: Fuel and Gas price up.. Sat Apr 02, 2011 1:30 pm

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Agree with Rajitha 100%.

I also mentioned this fact under some topic.

hybrid_OS wrote:The last qtr gave an earnings per share of 1.13. This is not the full representation of the entire qtrs profit. In effect, you can expect a fantastic increase in the next qtr. You may expect an earnings per share of at least lkr. 2

Mid term the price may increase over 22 min. due to the price advantage.
Lets see.

Monster · 6 Re: Fuel and Gas price up.. Sat Apr 02, 2011 1:55 pm

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I too agree with Rajitha. Net Asset Per Share is Rs 17.51. Currently trading on PER 6. I am holding this share which I collected below the NVPS. I believe this should trade lower PER but not below 12.

smallville · 7 Re: Fuel and Gas price up.. Sat Apr 02, 2011 3:15 pm

smallville

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I've seen them topping the no1 businesses on a magazine, but my only concern is the losses LIOC has made in the past.. while they can earn much and show the profits how can those losses be compansated...

anu · 8 Re: Fuel and Gas price up.. Sun Apr 03, 2011 2:00 am

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This is one lovely stock which has got anchored around 18 for the last 2 years or so. I have heard many positives of this sort in the past too; but the share price has seldom broken its range......