LIOC (harmonics)

For me, Charts are good if you day trade. just to see the direction of the trend.

Pethi wrote:For me, Charts are good if you day trade. just to see the direction of the trend.

For Me Too... LAST Week was Good for ME & Hope this will continue...   

Any correction will be NEXT WEEK Or trend will be continue ???

SHARK wrote:

Market R wrote:Lanka Super Diesel 4-star, a new variety of diesel with low sulfur content will be introduced to the local market from tomorrow, the Petroleum Industries Minister Anura Priyadarshana Yapa said today.

He said the new product will be available at Ceypetco outlets and the price will be the same as Lanka Super Diesel -- Rs.145 a litre. The minister told a news conference that sulfur content of the new product was between 10 and 50 parts per million (ppm).

He said the new product would increase engine output, make it fuel efficient and protect the components in advanced emission systems.

Meanwhile the minister said the broken buoy had been repaired and that no shipping company had asked for demurrage.

will this effect to LIOC?

MR, you should not worry too much about ceypetco

As Sri lankans, we like to see CPC make profits. But it already loss its customer confidence. As because of corruptions and mismanagement the loss of CPC was 90 Bn 2013, while LIOC make profit of 4.8 Bn. This a tragedy for a country. 75% of LIOC own by IOC. So, SL only get rest profit of 25% + tax. Thats all. Then 75% of profit directly goes to India.
And talking about demurages, I dont think so, the Shipping company will not claim from them. Just for making 100,000 DWT tanker,it will cost around US $ 100Mn. Normally the life span of a tanker is 20 yrs. so, 100/20=US $ 5Mn per year, (5*10/365)=US $ 0.137 lkh, 0.137*100000=US $ 13,700 cost per a day for a ship. And it just for production of a ship. excluding, salaries for staff +other finance cost + loss of profit.   
And there were three or four ship to discharge 400,000mt. (correct me if I'm wrong). CPC Officials said the demurage for a day was US $ 50,000. According to above calculation its reasonable. And in rupees it will be around 7Mn loss for a day for CPC.   
If shipping companies are not claiming demurages, I think CPC has hired ships from a charitable organization. LOL This's not the way CPC should perform. 

Did anyone notice, LIOC relased their 2013/14 annual report. But, I dont much happy with their design of the report. he heh. Anyway, their EPS 9.04. Highest profit they have recorded so far, I think.
And most shocking thing I notice according to Asha Phillpis Val; guide P/E ratio is 4.42. Most funniest thing is that LIOC is the most undervalue stock in Power and energy sector. >>>    

NC wrote:Troll Face of LIOC >>>  

 

Very Nice one. NC>

Dear NC, See the positive side of LIOC. It is a indicator of level of corruption in CPC. Otherwise we have to accept their "bila" excuses for huge losses. See what CEB is doing and we dont have comparative indicator like LIOC. Anyway we were very happy if GOSL would have been offered 49% to public at that time.

daminda wrote:Dear NC, See the positive side of LIOC. It is a indicator of level of corruption in CPC. Otherwise we have to accept their "bila" excuses for huge losses. See what CEB is doing and we dont have comparative indicator like LIOC. Anyway we were very happy if GOSL would have been offered 49% to public at that time.

Bro, you've misunderstand what I said. I said that I like to see CPC make some profit. In globally, petroleum is a highly profitable business, except CPC. Lol. Yep, Lioc is a good indicator. Because while lioc make profits, and giving dividends, CPC incurred high loss. All are because of mismanagement and corruptions as I said earlier. I see the positive side of lioc, but I'm totally dissapointed with CPC as a Sri Lankan.

Guys give us the most accurate prediction on LIOC. What will happen to the share price in the short term

stevenapple wrote:

NC wrote:Troll Face of LIOC >>>  

 

Very Nice one. NC>

@ barba; that's what we're doing bro. Since, there's nothing wrong with fundamentally, we hope this harmonic pattern may work.

NC don't get what you mean.Be simple and tell what is going to happen to the share price

barba wrote:NC don't get what you mean.Be simple and tell what is going to happen to the share price

No one can say what's going to happen in future. There's a probability to reach 44 @ short term. Plz read previous posts.

NC wrote:@ Shark, targets are;
1.61-Short Term - 44
2.61- mid term - around 50
4.23- longterm- 55
I'm looking around 50. However, this is still not confirmed. yep, pattern will fail break of 38. keep early warning @ AC leg. I think before XD dates it need to confirm point C for validity.  
However, Im fully loaded with LIOC.   

Here's another one done by Shark recently.

SHARK wrote:

LIOC
Support 1---->39.30
Support 2---->37.90
Support 3---->37.30

127Fib :35.00 Reversal
161.8Fib :32.30 Reversal

Target 44+
Target 50+ Longterm

The Chairman of Lanka IOC Plc (LIOC), Makrand Nene says it is of great importance that the Sri Lanka Government evolves a transparent pricing system for fuels which would not only benefit the public but would also pave way for systematic infrastructure development in the energy sector. According to the LIOC management, there remains minimal correlation of local prices to International world market prices, which exposes the industry to an acute risk of incurring significant financial losses due to sudden price fluctuations. Hence, they say there is a need for greater transparency in the formulation of a method to correlate to global prices.

Addressing shareholders at the release of the company’s Annual Report for the year March 31, 2014, the LIOC Chairman Nene said that 2013/2014 had been the most successful financial year to date, as the firm continued to grow in its second decade of operations as the second and only other player in the Sri Lankan petroleum sector next to Ceylon Petroleum Corporation (CEYPETCO).
“With the Ceylon Petroleum Corporation having finally increased their diesel selling price in line with Lanka IOC in February 2013, our retail sales of diesel grew by 41% in quantity and 46% in value this financial year,” Nene announced adding that the company has achieved Rs.81.79 billion in sales, up 9% from Rs.75.11 billion recorded in the previous year.

Lanka IOC Plc has thus recorded a profit after tax of Rs.4.8 billion for the financial year, up from Rs.2.9 billion reported in the corresponding period of the previous year.
Domestic revenue for the year has increased by Rs.11.95 billion, which is a 20.9% growth from the previous year with the largest contribution from diesel sales which increased by 53%. Petrol revenue only grew by 8% but it contributed 40% of the total revenue, financials showed.
Meanwhile, Managing Director Subodh Dakwale said LIOC continued to expand its retail sector in 2013/14, opening ten new outlets in locations where fuel filling stations were most needed, increasing its number of filling stations to 147 and refurbishing a number of existing stations.

“In 2014/15, however we plan to kick start our expansion drive by opening over forty new outlets and refurbishing a further fifty. We plan to spread our footprint across the country in a major way, by increasing our presence in the unrepresented areas of the island nation,” he announced.
LIOC said in the financial year 2013/2014, fuel products had continued to be their highest profit center, garnering 75% of the total profit and accounting for 73% of the total turnover. Sales of petrol grew by 3% in 2013/14 to over 200,000 kiloliters while with price parity finally being reached, diesel sales grew by an incredible 41% to over 222,000 kiloliters.

On the corporate end, LIOC said acquisition of the business during the period under review to supply lubricant products to the Sri Lanka Transport Board can be counted upon as a major achievement.
In the year 2013, although value of total oil imported into Sri Lanka grew up to Rs.182 billion from Rs.157 billion in 2012, the value of refined products imported reduced to Rs.353 billion from Rs.467 billion. Nonetheless, the oil prices remained unchanged within the year and sales of petrol grew by 4% and diesel grew by 2%.
- See more at: http://www.nation.lk/edition/biz-news/item/32567-lioc-urges-transparent-pricing.html#sthash.dhPrCRt2.dpuf

Trend reversal is confirmed on 6 day chart with the break of last LH 40.20 technically on today. Nice to see a positive sign.

This will move atleast to 42 before xd date.

NC wrote:Trend reversal is confirmed on 6 day chart with the break of last LH 40.20 technically on today. Nice to see a positive sign.

jumped to 40.80 intraday so far..... candle sign looks equally better
i think our little journey started

SHARK wrote:

NC wrote:Trend reversal is confirmed on 6 day chart with the break of last LH 40.20 technically on today. Nice to see a positive sign.

jumped to 40.80 intraday so far..... candle sign looks equally better
i think our little journey started

It should be a long journey. SHARK What do you think

1 million parcel at 41.

SHARK wrote:

NC wrote:Trend reversal is confirmed on 6 day chart with the break of last LH 40.20 technically on today. Nice to see a positive sign.

jumped to 40.80 intraday so far..... candle sign looks equally better
i think our little journey started

I agree with Shark. This share will soon go towards 48 levels

Crossing today
LIOC.N0000`C 41.00 2,800,000

SHARK wrote:

NC wrote:Trend reversal is confirmed on 6 day chart with the break of last LH 40.20 technically on today. Nice to see a positive sign.

jumped to 40.80 intraday so far..... candle sign looks equally better
i think our little journey started

Looks like the pattern is working !! Chrz

55++++++++++++++++++++++++++++++

Target achieved successfully on today.. Another end success pattern  
 
Time to close this post.. Take your targets 50+  
- GL