LIOC.N0000 (Lanka IOC PLC)

One time I burned my fingers by catching this at top..
How is now?? Do you thing its bottom ?? Is it good to enter in this heated market on lioc which is not heated much..
Thanks ruwan for the very important chart

bottom out at 16.2 and forming a base 16.50-18.00 with good volume. given bearish world crude oil prices and certain protection from price formula, I would see this one reaching 24 for next major resistance.

for the downside, the breaking of 16.20 is highly unlikely for the current scenario. the more the consolidation is, stronger the price action. but this is highly political prone share and reduction of fuel price may signal the reduction of operating cost as an increase of profit margin since we are not reducing prices at the same pace that it's being increased.

Have we seen profits in June quarter eventhough world fuel prices dropped and fuel formuls is there?

"in April the finance ministry said it was holding prices for the festival season, despite imports costs going up"

"Easter Sunday attack and low consumption due to the paralyzed economy"

despite the seasonal impact due to the above events, we may expect a positive result in the next quarter if world crude to remain low. the risk factor is due to election government may try to hold fuel prices if crude goes up. reducing fuel prices are good for the government as well as LIOC since it signals the consumption growth and low operating cost.

despite all, I prefer to go long on LIOC. breakout from 16.50-18.00 range.

Massive interest in this counter today. Anyone has the idea for the sudden reason. I have no clue.

The Invisible wrote:Massive interest in this counter today. Anyone has the idea for the sudden reason. I have no clue.

Same interest on LGL too,may be a favorable policy decision on the card.

I like to treat lioc as a trading stock always..

LIOC reached 20+ after a long time but I am not very convincing why? Can the change of government upgrade the outlook for LIOC or its just because its not moved for a long time.

Guys,

Any update on LIOC...?

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Comment from X in aug-2019.. Superb bro  

xmart wrote:bottom out at 16.2 and forming a base 16.50-18.00 with good volume. given bearish world crude oil prices and certain protection from price formula, I would see this one reaching 24 for next major resistance.

for the downside, the breaking of 16.20 is highly unlikely for the current scenario. the more the consolidation is, stronger the price action. but this is highly political prone share and reduction of fuel price may signal the reduction of operating cost as an increase of profit margin since we are not reducing prices at the same pace that it's being increased.

Get ready for the next run...

LSE wrote:Guys,

Any update on LIOC...?  

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Good support band laying around 20.50-20.60 at the moment
21.00 will be the next major resistance level for LIOC

Remember breaking 21.00 with big volumes will lead LIOC to the next level...

Note:
This is not a Buy or Sell recommendation

LSE wrote:Get ready for the next run...

LSE wrote:Guys,

Any update on LIOC...?  

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Thanks LSE

The company’s Bunker revenue grew by 15% to LKR 20.86 billion (2017/18: LKR 18 billion) supported by continued investment in strengthening the bunkering infrastructure at the Trincomalee Port.
Trincomalee is the only port in Sri Lanka offering Ultra Low Sulphur MGO for niche customers.

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Be on alert...
Currently LIOC is trading under strong support around 19.00 and technically I'm positive with it's current trading pattern. This will be continue it's uptrend movement in coming weeks. I will publish it's next resistance levels soon...      

LSE wrote:The company’s Bunker revenue grew by 15% to LKR 20.86 billion (2017/18: LKR 18 billion) supported by continued investment in strengthening the bunkering infrastructure at the Trincomalee Port.
Trincomalee is the only port in Sri Lanka offering Ultra Low Sulphur MGO for niche customers.

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It suddenly went pass 21 and can move again but better to look at this stock as a trading stock for the moment

Lioc might have some hit on coming quarter with the crude oil price hike, Iran US issue and government too will not nod their head to increase the prices till election. Let's watch how this gonna move in coming months.

Time to BUY...

LSE wrote:Time to BUY...

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

It is purely based on technically...

The Alchemist wrote:

LSE wrote:Time to BUY...

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

LSE wrote:It is purely based on technically...  

The Alchemist wrote:

LSE wrote:Time to BUY...

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

sometimes however attractive it is based on technicals, you cannot ignore the elephant in the room ie oils prices, geopolitics of potential war, local scenario based on elections etc etc
sometimes it is best to use good ole common sense

I Agree with you...

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The Alchemist wrote:

LSE wrote:It is purely based on technically...  

The Alchemist wrote:

LSE wrote:Time to BUY...

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

sometimes however attractive it is based on technicals, you cannot ignore the elephant in the room ie oils prices, geopolitics of potential war, local scenario based on elections etc etc
sometimes it is best to use good ole common sense

Good results reported for LIOC in the last quarter

NAV is 37.18
EPS is 0.92 for the last quarter
Currently LIOC trading at a very discount price...

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LSE wrote:I Agree with you...  

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The Alchemist wrote:

LSE wrote:It is purely based on technically...  

The Alchemist wrote:

LSE wrote:Time to BUY...

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

sometimes however attractive it is based on technicals, you cannot ignore the elephant in the room ie oils prices, geopolitics of potential war, local scenario based on elections etc etc
sometimes it is best to use good ole common sense

LIOC will have a good time ahead ...

LSE wrote:Good results reported for LIOC in the last quarter

NAV is 37.18
EPS is 0.92 for the last quarter
Currently LIOC trading at a very discount price...

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LSE wrote:I Agree with you...  

[You must be registered and logged in to see this link.]

The Alchemist wrote:

LSE wrote:It is purely based on technically...  

The Alchemist wrote:

are you basing your recommendation based on Pivot Points, Fundamentals or based on external events and implications for their business ? which one ? or feel good luck by chance cheap price

sometimes however attractive it is based on technicals, you cannot ignore the elephant in the room ie oils prices, geopolitics of potential war, local scenario based on elections etc etc
sometimes it is best to use good ole common sense