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LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyYesterday at 7:54 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 18, 2019 10:22 pm by nihal123

» Devolution of power, civil wars, altruism, nepotism in animal world
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 18, 2019 10:15 pm by Backstage

» අනං මනං! #/+?.<>
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 18, 2019 9:06 pm by ruwan326

» East West properties
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyWed Oct 16, 2019 12:06 pm by yellow knife

» RCL - Royal Ceramics
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Oct 10, 2019 9:24 am by ruwan326

» Dividend Announcement
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyWed Oct 09, 2019 4:59 pm by Rana

» අපි නොදන්න ගීතයක කතාව
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyWed Sep 18, 2019 9:01 am by CK

» Thought for the day...
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyTue Sep 17, 2019 5:44 pm by sashimaal

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyWed Aug 21, 2019 10:07 am by nisashi

» What Would You Do?
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
LIOC.N0000 (Lanka IOC PLC) - Page 8 EmptySun Aug 18, 2019 8:26 pm by The Invisible

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LIOC.N0000 (Lanka IOC PLC)

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LIOC.N0000 (Lanka IOC PLC) - Page 8 Empty Re: LIOC.N0000 (Lanka IOC PLC)

Post by The Invisible on Wed Apr 11, 2018 11:28 pm

This is a problem of policy decision. Isn't there is a one brave guy to go ahead and implement the price formula. How long they are planning to run around the bush, I don't know.
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Post by yellow knife on Mon Apr 16, 2018 7:22 am

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April 16, 2018 at 6:30 am | lanka C news [You must be registered and logged in to see this image.]
ලෝක වෙළෙඳ පොළේ බොරතෙල් මිල ඉහල පහල යාම් සමග මෙරට තෙල් මිලද තීරණය වීම සදහා වන ඉන්ධන මිල සූත‍්‍රය මැයි මස 01 වැනිදා සිට ක‍්‍රියාත්මක කිරීමට රජය තීරණය කර ඇත.
මේ සම්බන්දයෙන් වන කැබිනට් පත‍්‍රිකාව මුදල් ඇමැතිවරයා විසින් සකස්කර අවන් යයිද වාර්තා වෙයි.
ජාත්‍යන්තර මූල්‍ය අරමුදල විසින් මෙරට ලබා දෙන ණය සදහාද කොන්දේසියක් වී තිබුනේ ගිය මාර්තු මස 31දා සිට මිල සූත්‍රයක් ක්‍රියාත්මක කල යුතු බවයි.
මිල සුත‍්‍රය ක‍්‍රියාත්මක වීමත් සමගින් ඉන්ධන මිල ඉහල යනු ඇතැයිද වාර්තා පල වෙයි

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Post by The Invisible on Mon Apr 16, 2018 10:02 am

With renewed news on fuel formula LIOC is in an active mode once again. People are trying to capture available quantities before the big news and I hope this is not just another talk like the previous many occasions.
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Post by කිත්සිරි ද සිල්වා on Mon Apr 16, 2018 10:07 am

Laughing
The Invisible wrote:I hope this is not just another talk like the previous many occasions.

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Post by yellow knife on Mon Apr 16, 2018 10:18 am

කිත්සිරි ද සිල්වා wrote: Laughing
The Invisible wrote:I hope this is not just another talk like the previous many occasions.


NATO BOYS... Kith

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Post by yellow knife on Tue Apr 17, 2018 1:50 pm

Declaration... by now I don't hold LIOC.

***********************************

When the rest of the world has increased oil price ( in USD terms).. SL remains a flat rate for oil liter. However the USD term has slightly come down due to the fact of LKR depreciation.

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A sensible government need not to be pushed by IMF to raise oil price.


Column1Apr-18Apr-16Mar-16 Feb2016
Saudi Arab0.290.120.120.12
Malaysia0.570.480.480.47
Dubai0.550.440.460.46
USA0.650.500.50.53
Pakistan0.690.950.950.71
Sri Lanka0.770.800.80.81
China1.050.920.920.91
India1.110.930.90.93
Japan1.221.091.061.11
South Korea1.431.231.21.18
Norway 1.921.581.591.6

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Post by yellow knife on Tue Apr 17, 2018 2:00 pm

The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of April 16, 2018 is $66.36 per barrel



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Post by yellow knife on Mon Apr 23, 2018 8:50 am

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April 23, 2018 at 8:40 am | lanka C news [You must be registered and logged in to see this image.]
ශ‍්‍රී ලංකාව තුල ඉන්ධන මිල ලොක වෙලදපලේ බොරතෙල් මිල මත තීරණය වීම සදහා සකසන ලද ඉන්ධන මිල සූත‍්‍රය හෙට දිනයේ කැබිනට් අනුමැතිය සදහා ඉදිරිපත් කරන බව මුදල් අමත්‍යංශය සදහන් කරයි.
ඉන්දීය තෙල් සමාගම මිල වැඩි කිරීමෙන් පසු ලංකා ඛනිජ තෙල් සංස්ථාව දිනපතා මිලියන 38 බැගින් පාඩු ලබන නිසා තෙල් මිල වැඩි කල යුතු යයි සංස්ථාව ඉල්ලීම් කර තිබින.
මිල සූත්‍රය අනුව මාස දෙකකට හෝ තුනකට වරක් ලොක වෙලද පාලේ මිල අනුව මෙරට ඉන්ධන මිල සංශෝධනය කෙරෙයි.
මේ අතර වාර්තා වන්නේ අන්තර්ජාතික මුල්‍ය අරමුදලේ මීලග ණය වාරිකය ලැබීමට නම් මැයි මස 01 වැනිදාට පෙර ඉන්දන මිල වැඩි කරන ලෙස දන්වා ඇති බවයි

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Post by nihal123 on Mon Apr 23, 2018 10:58 am

Thanks YK
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Post by CK on Mon Apr 23, 2018 1:12 pm

If it's implemented, the future of lioc is good.
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Post by spw19721 on Mon Apr 23, 2018 11:01 pm

Thanks YK..
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Post by yellow knife on Thu May 10, 2018 1:37 pm

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May 10, 2018 at 1:20 pm | lanka C news [You must be registered and logged in to see this image.]
අද මධ්‍යම රාත‍්‍රියේ සිට ඉන්ධන මිල ඉහල දැමීමට රජය තීරණය කර තිබේ.
ඊයේ රාත‍්‍රියේ පැවති විශේෂ ඇමති මණ්ඩල රැුස්වීමකදී මෙසේ තෙල් මිල ඉහල දැමීමට තීරණය කලේ ඇමති රාජිත සේනාරත්න මහතා පැවසීය.
ඒ අනුව රට පුරා නව ඉන්ධන මිල ගණන් මෙසේය.
ඔක්ටේන් 92 පෙට‍්‍රල් – රුපියල් 137
ඔක්ටේන් 65 පෙට‍්‍රල් – රුපියල් 148
ඔටෝ ඞීසල් – රුපියල් 109
සුපර් ඪීසල් – රුපියල් 119
භූමිතෙල් – රුපියල් 101
පෙට‍්‍රල් ලීටරයකින් රුපියල් 20ක්, ඔටෝ ඞීසල් ලීටරයකින් රුපියල් 14ක්, සුපර් ඞීසල් ලීටරයකින් රුපියල් 09ක්, භූමිතෙල් ලීටරයකින් රුපියල් 57ක් මෙසේ ඉහල දමා තිබේ.
කෙසේ වෙතත් ඉන්ධන මිල සූත‍්‍රය සදහා මෙතෙක් කැබිනට් මණ්ඩල අනුමැතිය ලැබී නැත.

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Post by Ethical Trader on Thu May 10, 2018 5:37 pm

Thanks YK for sharing.

Ultimately a hole in the treasury is plugged, though belated.
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Post by කිත්සිරි ද සිල්වා on Fri May 11, 2018 8:25 am

එකක් ප්ලග් කරගන්න කොට, තව දහයක් හිල් කරගන්නවා මේ හරක් රැළ. Very Happy
Ethical Trader wrote:Thanks YK for sharing.
Ultimately a hole in the treasury is plugged, though belated.

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Post by slstock on Fri May 11, 2018 12:25 pm

Actually though this Fuel hike seems a necessity and wise move, there are several issues.

1) This price revision was decided by some person.   Still there is no agreed price formula. I hear parliament people have not come to a consensus on it

2) In mid 2014 , oil was around $100 a barrel.
   I believe highest petrol went in SL was close to Rs 170

Now  it is Rs 137 ( after about 20% weakening of rupee from 2015 and oil close to $70 a barrel.

3) During the time when Oil went below $30 a barrel ( when Rs was also stronger), think of the profit/saving the country could have had when sold at Rs 117.

4) Kerosene is hiked by an unprecedented Rs 57 a liter. Lot of poor people use it to light lamps .

Now there is a theory that Local Buses pump Kerosene  to reduce costs.
If this move was to prevent such, Government  may have solved one problem but introduced another ( poor man fuel was doubled in price)



Summary :

Previous Government + this government is clearly mismanaging the economy. Fuel issue is very good example of such .

I don't think this sudden move of a hike with no clear plans  is well thought out though it looks needed Wink

Now this will give the other indecent  people who want to take advantage of this hike  to
a)  raise bus fares
b) food prices

unjustifiably.


ANOTHER BIG BLOW TO THE COMMON MAN who is taxed left and right due to mis management by politicos ( previous and now)  and now also have to bear the repercussions of this move.

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Post by The Invisible on Fri May 11, 2018 7:35 pm

slstock wrote:Actually though this Fuel hike seems a necessity and wise move, there are several issues.

1) This price revision was decided by some person.   Still there is no agreed price formula. I hear parliament people have not come to a consensus on it

2) In mid 2014 , oil was around $100 a barrel.
   I believe highest petrol went in SL was close to Rs 170

Now  it is Rs 137 ( after about 20% weakening of rupee from 2015 and oil close to $70 a barrel.

3) During the time when Oil went below $30 a barrel ( when Rs was also stronger), think of the profit/saving the country could have had when sold at Rs 117.

4) Kerosene is hiked by an unprecedented Rs 57 a liter. Lot of poor people use it to light lamps .

Now there is a theory that Local Buses pump Kerosene  to reduce costs.
If this move was to prevent such, Government  may have solved one problem but introduced another ( poor man fuel was doubled in price)



Summary :

Previous Government + this government is clearly mismanaging the economy. Fuel issue is very good example of such .

I don't think this sudden move of a hike with no clear plans  is well thought out though it looks needed Wink

Now this will give the other indecent  people who want to take advantage of this hike  to
a)  raise bus fares
b) food prices

unjustifiably.


ANOTHER BIG BLOW TO THE COMMON MAN who is taxed left and right due to mis management by politicos ( previous and now)  and now also have to bear the repercussions of this move.

Agree but what is the solution. The one party to the main issues is licking their lips once again seeing how people are suffering from mental forbia couple of months back. Isn't the country's masses are digging their own graves as well as advance digging for their next generation as well.
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Post by slstock on Fri May 11, 2018 10:49 pm

Am not sure, whether anyone got to the depth of what was said below.  
Let me try differently

1) These SUDDEN  price hikes by LARGE AMOUNTS  needs to stop .
   When they suddenly increase by 20-50% , almost everything else in the country
   goes up by a lot.

2) Here is a question,

 when Fuel prices are raised , almost every thing in the country goes up.
 WILL  FOOD and Services  GO DOWN whenever it is lower ?

3) During the time Oil price $30 -40 , there would have been massive savings in oil import bills. Selling petrol at Rs 117 a liter should also have given good profits to  Government .  

So how was the savings  used to boost the economy ?
   Can anyone identify the where the problem is ?  




The Solution to 1) is

i)  ofcourse a Publicly TRANSPARENT Fuel price formula which  should be revised every 2-3 months. ( In developed countries the price varies every day!!!)

This regular updates will absorb sudden huge price variations and shocks.
This formula  should have been in place 6 decades ago.  It should not be there because IMF was pushing it.  

What am saying is these Ad Hoc big price hikes decided by someone are bad as there are no shock absorbing mechanisms  in a country like ours.


ii) There should also be some control formula to decide Bus fare hikes/transport costs  
wrt to fuel price. Technically when Fuel goes up the people who wait to pounce on it will make everything else go up.

So did anything come down proportionately when oil was at $30 ?


iii) in developing country like ours where there is no real social welfare system, it is hard to ignore the poor class. So there should be some incentives to the poor with respect to things like Kerosene. Giving SUDDEN 50% price hikes for EVERYONE  is not done.


~~~~~~~~~~~~~~~~~

 
NOW HERE IS A MILLION Rs QUESTION

After this price formula is in effect will CPC turn into profit for ever?






slstock wrote:Actually though this Fuel hike seems a necessity and wise move, there are several issues.

1) This price revision was decided by some person.   Still there is no agreed price formula. I hear parliament people have not come to a consensus on it

2) In mid 2014 , oil was around $100 a barrel.
   I believe highest petrol went in SL was close to Rs 170

Now  it is Rs 137 ( after about 20% weakening of rupee from 2015 and oil close to $70 a barrel.

3) During the time when Oil went below $30 a barrel ( when Rs was also stronger), think of the profit/saving the country could have had when sold at Rs 117.

4) Kerosene is hiked by an unprecedented Rs 57 a liter. Lot of poor people use it to light lamps .

Now there is a theory that Local Buses pump Kerosene  to reduce costs.
If this move was to prevent such, Government  may have solved one problem but introduced another ( poor man fuel was doubled in price)



Summary :

Previous Government + this government is clearly mismanaging the economy. Fuel issue is very good example of such .

I don't think this sudden move of a hike with no clear plans  is well thought out though it looks needed Wink

Now this will give the other indecent  people who want to take advantage of this hike  to
a)  raise bus fares
b) food prices

unjustifiably.


ANOTHER BIG BLOW TO THE COMMON MAN who is taxed left and right due to mis management by politicos ( previous and now)  and now also have to bear the repercussions of this move.

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Post by slstock on Fri May 11, 2018 11:00 pm

I am sure some people will think LIOC should be a gold mine after this price formula is introduced. Note LIOC price recovered from Rs 29 to 35 already expecting this formula.

But , we need to keep in mind price formulae will not make LIOC profitable always.
So best not think LIOC is a gold mine.  There are other factors which decides LIOC profitability . Lesser discussed would be  Politics and internal  games  played by  LIOC to affect their financial statement results  Wink

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Post by The Invisible on Sun May 13, 2018 7:40 am

At least it will prevent LIOC from hiding behind government decisions on prices to cover up their mismanagement and syphoning of money. Lets wait and see till the fuel price formula is fully operational.
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Post by කිත්සිරි ද සිල්වා on Sun May 13, 2018 9:01 am

Another Glass ?  Very Happy
The Invisible wrote:At least it will prevent LIOC from hiding behind government decisions on prices to cover up their mismanagement and syphoning of money. Lets wait and see till the fuel price formula is fully operational.

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Post by malanp on Sun May 13, 2018 9:54 am

I wrote this sometimes back in the forum;

LIOC mada a loss when oil prices $150, and still made a loss when oil price is $50...

Multinationals hide profits,,so defenitely LIOC is not an investment share,,but may be a trading share.. that depends on how traders get in and get out..
For me it is a garbage.. when you keep garbage inside home you got to suffer..

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Post by slstock on Mon May 14, 2018 11:38 am

malanp wrote:I wrote this sometimes back in the forum;  

LIOC mada a loss when oil prices $150, and still made a loss when oil price is $50...

Multinationals hide profits,,so defenitely LIOC is not an investment share,,but may be a trading share.. that depends on how traders get in and get out..
For me it is a garbage.. when you keep garbage inside home you got to suffer..  


Yes you have made a good observation on this.

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Post by CK on Mon May 14, 2018 11:51 am

another trading opportunity may come..
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Post by LSE on Tue Apr 02, 2019 11:15 am

Guys,
Any idea about LIOC.N000?
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Post by ruwan326 on Tue Jul 30, 2019 9:23 pm

Financial Performance- Period ended 30 June 2019

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