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Sri Lanka Equity Forum » Stock Market Talk » LLUB any news?

LLUB any news?

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1 LLUB any news? on Mon Jul 17, 2017 3:20 pm

FALCON

avatar
Senior Equity Analytic
Senior Equity Analytic
Any news?

2 Re: LLUB any news? on Mon Jul 17, 2017 3:25 pm

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Time to collect.

3 Re: LLUB any news? on Mon Jul 17, 2017 7:42 pm

rmark

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Lots of LLUB shares are for sale at Rs.160, any of our friends have any information?

4 Re: LLUB any news? on Wed Jul 19, 2017 12:52 am

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Kishu gone mental coupled withoil price increase

5 Re: LLUB any news? on Wed Jul 19, 2017 7:12 am

deli

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Senior Equity Analytic
Senior Equity Analytic
Dividend announcement not that great- only 1.2% return on investment.

6 Re: LLUB any news? on Wed Jul 19, 2017 8:54 am

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
@deli wrote:Dividend announcement not that great- only 1.2% return on investment.

Lower dividend and poor performance during the quarter but this will not materially effect the share price, Since the counter is fundamentally strong. 

Though it falls, could be a good opportunity for collection.

7 Re: LLUB any news? on Wed Jul 19, 2017 10:55 am

FALCON

avatar
Senior Equity Analytic
Senior Equity Analytic
@deli wrote:Dividend announcement not that great- only 1.2% return on investment.

Not final dividend two more to come, April they paid Rs 5/-

8 Re: LLUB any news? on Wed Jul 19, 2017 11:30 am

monash

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Financials posted. Their Revenue and Profits has decreased. This is the cause of this drop. Their may be foreign Selling

9 Re: LLUB any news? on Wed Jul 19, 2017 11:54 am

rmark

avatar
Manager - Equity Analytics
Manager - Equity Analytics

Chevron Sri Lanka unit June net down 34-pct to Rs526mn

Jul 19, 2017 05:51 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Chevron Lubricants Lanka’s net profit in the June 2017 quarter fell 34% to Rs526 million from a year ago as floods triggered by heavy rains dampened demand for lubricants.

Sales fell 19% to Rs.2.28 billion during the quarter while earnings per share (EPS) were Rs2.19, according to interim results filed with the Colombo stock exchange. 

Chevron Lubricants Lanka’s share last traded at Rs160. EPS for the six months to 30 June 2017 were down 25% to Rs5.62 with sales down nine percent from the year before.

Bigger storage facilities at the new plant of Chevron Lubricants Lanka had helped the firm improve profit margins in 2016, its chairman Farrukh Saeed said in its annual report.

Stockbrokers Bartleet Religare Securities attributed the June 2017 quarter fall in profit of Chevron Lubricants Lanka to floods which had reduced demand for lubricants. 

“Reduced top line contribution from the indirect channel following the torrential rains trickled down to the bottom line,” it said in a note on the June quarter results.

Chevron Lubricants Lanka’s June quarter EPS of Rs 2.19 were below its forecast of Rs2.99. 

“The variance was due to revenue decline though the lower cost of goods sold could not match the revenue shortfall,” it said.

Lower sales were mainly due to the loss of revenue from the indirect channel which could be mainly attributed to the impact from floods that hindered the demand for lubricants, Bartleet Religare Securities said.
(COLOMBO, July 19, 2017)
 http://www.economynext.com/Chevron_Sri_Lanka_unit_June_net_down_34_pct_to_Rs526mn-3-8348-8.html

10 Re: LLUB any news? on Wed Jul 19, 2017 6:31 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@rmark wrote:Lots of LLUB shares are for sale at Rs.160, any of our friends have any information?
Same news and info about all companies in SL and around the world - fatasses in the boards ate taxing the employees and taking credit for all good work done demotivating staff hence leading to poor performance. They also take home huge bonusses

Other than that vehicle sales have trippled throughout the year  and two of their competitors are out of business so more demand for llub products. I dont see any fair reasons for the bottom line to reduce!

11 Re: LLUB any news? on Thu Jul 20, 2017 8:56 am

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
52 weeks lower price  Shocked

12 Re: LLUB any news? on Tue Aug 01, 2017 4:55 pm

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Gone down to 136 today. Despite of poor financial and lower dividend, is there any reason?

13 Re: LLUB any news? on Tue Aug 01, 2017 7:24 pm

MasterD


Stock Analytic
Stock Analytic
resignation of chairmen released. Dont know whats happenning

Its not Kishu Gomez by the way he is CEO.

14 Re: LLUB any news? on Thu Aug 03, 2017 4:49 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Caltex going to be high

15 Re: LLUB any news? on Thu Aug 03, 2017 9:32 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
LLUB will fall more.below 120.

16 Re: LLUB any news? on Fri Aug 04, 2017 1:30 am

Teller

avatar
Moderator
I also expect price adjustment ..

17 Re: LLUB any news? on Tue Aug 08, 2017 2:20 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
LLUB 
JKH 
BFL
to hit 200
LGL 
ONAL
LGL X
to hit 150
All by next week $friday
Confirmed by leading chart experts

18 Re: LLUB any news? on Tue Aug 08, 2017 2:52 pm

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@reyaz wrote:Caltex going to be high
Define High when it falls 134.80 /= today Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

19 Re: LLUB any news? on Tue Aug 08, 2017 3:35 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@reyaz wrote:LLUB 
JKH 
BFL
to hit 200
LGL 
ONAL
LGL X
to hit 150
All by next week $friday
Confirmed by leading chart experts

Hope this answers your question ruwan

20 Re: LLUB any news? on Wed Aug 09, 2017 11:23 am

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
More and more selling, Price is going down day by day. Industry is not favorable to the Company.

21 Re: LLUB any news? on Wed Aug 09, 2017 12:10 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
Chevron Lubricants Lanka PLC (Chevron) which has been literally ‘under the weather’ owing to the choppy climate during the past six months, says it will get better at executing better strategies including a strong focus on the exports to beat the heat.

“The drought has been affecting the North Central Province (NCP) from the last quarter and spilling onto this quarter. We had a difficult time with the floods in the first quarter. With all this we aim to increase productivity and be better at our strategy execution,” Kishu Gomes, Managing Director Chevron told the Business Times. He added that the company will focus on its export markets more.
The company’s top line declined by 18.5 per cent year on Year (YoY) owing to the crippling weather which saw low demand for lubricants, data showed.

Mr. Gomes said there’s no agriculture happening in the NCP and overall the seasonal pattern has been disrupted by the bad weather which is impacting the company’s bottomlines.

The company’s Q2 gross profit was at Rs. 1.023 billion which is a 21.5 per cent reduction YoY.

Citigroup Global Markets Limited Agency Trading Prop Securities A/C which was the number two shareholder of Chevron with 4,653,040 shares as at March with a 1.94 per cent stake shed its holding to 1,754,570 shares as at June. Now it has 0.73 per cent stake.
The company’s top 20 shareholder list is dominated mainly by financial institutions with only businessman Ravi Thambiayah-related parties and SLIC as local shareholders.

Mr. Gomes added that according to the Public Utilities Commission of Sri Lanka (PUCSL) figures the lube industry has grown only 2 per cent YoY during the past five years. “The global raw material prices will remain where they’re now and are predicted to increase in a few months’ time. But with the challenging macro environment not only our industry, all industries are facing a difficulty,” Mr. Gomes said.

22 Re: LLUB any news? on Wed Aug 09, 2017 12:17 pm

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
This is a Company with good Dividend Yield, going forward this could be questionable.

23 Re: LLUB any news? on Wed Aug 09, 2017 12:27 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
@thankrishan wrote:This is a Company with good Dividend Yield, going forward this could be questionable.
You are correct, a CEOs warnings need to be taken seriously. What is comforting is the last sentence in the article as he says his company is not alone but many others are struggling themselves through these negative macro economic conditions

Let us all hope that they would pull through this bad patch, which is one of the worst and darkest periods in our economy.

24 Re: LLUB any news? on Wed Aug 09, 2017 12:33 pm

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
@DS Wijesinghe wrote:
@thankrishan wrote:This is a Company with good Dividend Yield, going forward this could be questionable.
You are correct, a CEOs warnings need to be taken seriously. What is comforting is the last sentence in the article as he says his company is not alone but many others are struggling themselves through these negative macro economic conditions

Let us all hope that they would pull through this bad patch, which is one of the worst and darkest periods in our economy.

All the PESTEL factors are against the Company  Mad

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