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RICH massive capital gain

+11
rijayasooriya
Chinwi
Gaja
bakapandithaya
PGNN
manula
ninja
early
nkalansu
WildBear
Slstock
15 posters

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1RICH massive capital gain  Empty RICH massive capital gain Mon Sep 19, 2011 5:37 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

http://cse.lk/cmt/upload_cse_announcements/8991316430322_.pdf

RICH has accepted Mandatory offer to sell 25% of its holdings of AAIC.

So capital gain should be roughly around Rs 859 Million. Works out to be about Rs 0.44 per share ( need to double check) Not too shabby at all if I did not make a mistake.



Last edited by slstock on Mon Sep 19, 2011 5:53 pm; edited 1 time in total

2RICH massive capital gain  Empty Re: RICH massive capital gain Mon Sep 19, 2011 5:44 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I heard RICH planning into a new insurance firm, I think they've just got the necessary capital

3RICH massive capital gain  Empty Re: RICH massive capital gain Mon Sep 19, 2011 7:30 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

4RICH massive capital gain  Empty Re: RICH massive capital gain Mon Sep 19, 2011 7:54 pm

early


Manager - Equity Analytics
Manager - Equity Analytics

nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

The prudent investements by RICH are paying off. Rich share price was affected due to a large provisioning of 626 Mn during last quater, in view of the plantation wage hike. Therefore the share price was stagnating bettween Rs 10/- and Rs11/-. The present inflow of funds that you have mentioned is allmost double that amount and should give a tremendous boost to the vaue of the share. I feel RICH would get back to the Rs 15/- to Rs 16/- trading range it was in during the early part of the year quite soon.

5RICH massive capital gain  Empty Re: RICH massive capital gain Mon Sep 19, 2011 9:47 pm

ninja


Senior Equity Analytic
Senior Equity Analytic

Smile The price 120/= seems a very good price as the price valuation report suggested only 79-80 a share. Isn't it a good deal for RICH?

6RICH massive capital gain  Empty Re: RICH massive capital gain Mon Sep 19, 2011 9:54 pm

manula


Vice President - Equity Analytics
Vice President - Equity Analytics

Soft logic company is going to buy... for 120 Rs... How they got a such money.. from the high value IPO...

7RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 3:25 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

8RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 9:30 am

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

Actually I was not talking about the profit or the gain. What I was referring to the amount of cash that the company is getting.

Effectively they are getting cash around Rs. 1.12 Bn. Well you can do lot of things with those funds. Put up 2 new shopping malls OR invest in plantations OR put up a new insurance company OR Put up a new Finance company OR Put up a Hotel.......etc etc etc..........so many things.

What would be the best investment????

Disclosure : I hold RICH shares and very optimistic of this company



Last edited by nkalansu on Tue Sep 20, 2011 11:51 am; edited 1 time in total

9RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 11:23 am

PGNN


Manager - Equity Analytics
Manager - Equity Analytics

early wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

The prudent investements by RICH are paying off. Rich share price was affected due to a large provisioning of 626 Mn during last quater, in view of the plantation wage hike. Therefore the share price was stagnating bettween Rs 10/- and Rs11/-. The present inflow of funds that you have mentioned is allmost double that amount and should give a tremendous boost to the vaue of the share. I feel RICH would get back to the Rs 15/- to Rs 16/- trading range it was in during the early part of the year quite soon.

Currently (20.09.2011 - 11.30am) RICH.N trading at Rs10.30, so it's seems to be at a bargain.

10RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 11:33 am

ninja


Senior Equity Analytic
Senior Equity Analytic

Don't forget they have plans to expand their business into education sector. Currently, there is a 11000 million annual cash outflow for foreign education. This seems a big business untouched so far. As we know, RICH does things big like their super markets. Let's hope something good comes out of this deal.
NOTE: I have RICH shares and I may be over optimistic on this share.

11RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 1:27 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

nkalansu wrote:
slstock wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

Actually I was not talking about the profit or the gain. What I was referring to the amount of cash that the company is getting.

Effectively they are getting cash around Rs. 1.12 Bn. Well you can do lot of things with those funds. Put up 2 new shopping malls OR invest in plantations OR put up a new insurance company OR Put up a new Finance company OR Put up a Hotel.......etc etc etc..........so many things.

What would be the best investment????

Disclosure : I hold RICH shares and very optimistic of this company

slstock - ana gaththaneda lol!

12RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 1:45 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

i thing they will use part of this money to meet the capital requirement of there new insurance company. This is only a guess!

13RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 1:55 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

bakapandithaya wrote:
nkalansu wrote:
slstock wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

Actually I was not talking about the profit or the gain. What I was referring to the amount of cash that the company is getting.


slstock - ana gaththaneda lol!

bakapandithaya
Senior Equity Analytic
Posts: 87
Reputation: 7
Join date: 2011-09-17


bakapandithaya
joined 3 days ago , already made 87 posts ! .
Talking like a well known guy appearing in a fake name ?. Wink


14RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 1:57 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

bakapandithaya wrote:
nkalansu wrote:
slstock wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

Actually I was not talking about the profit or the gain. What I was referring to the amount of cash that the company is getting.

Effectively they are getting cash around Rs. 1.12 Bn. Well you can do lot of things with those funds. Put up 2 new shopping malls OR invest in plantations OR put up a new insurance company OR Put up a new Finance company OR Put up a Hotel.......etc etc etc..........so many things.

What would be the best investment????

Disclosure : I hold RICH shares and very optimistic of this company

slstock - ana gaththaneda lol!



nkalansu
Yes I see what you are saying. I think they might go for an Insurance company. But also there was talk about an education project.


bakapandithaya

What is there to anaganna. For me to take time to calculate and present the gains to the forum? The selling total nkalasu says and the profit gain I mentioned is different as investment cost needs to be deducted from selling total to calculate gain.

Should I stop wasting my time presenting these facts to you so you can do it yourself?

Kindly understand that nkalasu and myself is having educated discussion.

BTW, like Chinwi pointed out your style reminds me of another person in this forum who used to
LOL lol!



Last edited by slstock on Tue Sep 20, 2011 3:30 pm; edited 2 times in total

15RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 2:23 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

slstock wrote:bakapandithaya
What is there to anaganna. For me to take time to calculate and present the gains to the forum? The selling total as nkalasu says and the profit gain is different.
Should I stop wasting my time presenting these facts to you so you can do it yourself?

බකපණ්ඩිතයො කියන කතා ගනන් ගන්න හොඳ නැහැ

16RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 3:24 pm

PGNN


Manager - Equity Analytics
Manager - Equity Analytics

I think we all need to respect others. People can make mistakes, errors, typographical problems, etc etc.... . what ever the case I think we need to respectfully respond to others. I don't think any one of us is 100% perfect. If each and every topic posted in this forum is going to be ended up with fire fightings and harsh arguments, it will be the end of purpose of this forum. To my understanding this should be a "table of knowledge and experience sharing". Not only under this topic I have seen certain other recent topics, ends up with a kind of a harassment to the contributors.
"The more we get together, together, together.
The more we get together, the happier we'll be.
‘Cause your friends are my friends and my friends are your friends
The more we get together the happier we'll be."

17RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 3:44 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

PGNN wrote:I think we all need to respect others. People can make mistakes, errors, typographical problems, etc etc.... . what ever the case I think we need to respectfully respond to others. I don't think any one of us is 100% perfect. If each and every topic posted in this forum is going to be ended up with fire fightings and harsh arguments, it will be the end of purpose of this forum. To my understanding this should be a "table of knowledge and experience sharing". Not only under this topic I have seen certain other recent topics, ends up with a kind of a harassment to the contributors.
"The more we get together, together, together.
The more we get together, the happier we'll be.
‘Cause your friends are my friends and my friends are your friends
The more we get together the happier we'll be."

Agreed PGNN

If there is a mistake in post it is decent to point out in a polite way so it can be corrected. Is there any here?
If there is no mistake and one has nothing worthwhile to contribute to the post it is more decent to keep quite.


BTW, RICH is getting more attractive with the down trend. This was a share once trading at Rs 16. Got hit by Wage issue as the mother company. Next quarter the one time gratuity provision might not be there. So we can gather the direction RICH will be heading with regard to plantation sector. But due to their other intesrest ( financial, supermarkets, manufacturing, education, maybe insurance) this is
a diversified at low prices.

18RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 3:48 pm

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic

rijayasooriya wrote:
slstock wrote:bakapandithaya
What is there to anaganna. For me to take time to calculate and present the gains to the forum? The selling total as nkalasu says and the profit gain is different.
Should I stop wasting my time presenting these facts to you so you can do it yourself?

බකපණ්ඩිතයො කියන කතා ගනන් ගන්න හොඳ නැහැ

slstock pandithyanta edanden yanna amarulu machan..hmm ....Some people sacrifice their valuable time and try to educate market and negative comments like this will definitely make them away from these kind of valuable forum. Hope every one remembered what happened to tubal.May god bless all of us..

kiwwoth nahii....nokiwwath nahii...eka nisa kiwwa hode...(Acoording to the insider information i got the latest film of ranjan will be a flop- I hope sec will not arrest me for insider dealing...)....hehehe..jokes apart please we are not blaming any one my freind. please let us all get together and make this forum a better place.

19RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 3:58 pm

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

slstock wrote:
bakapandithaya wrote:
nkalansu wrote:
slstock wrote:
nkalansu wrote:As per the announcement the RICH group will get funds around Rs.1,125.7 Million (1.12 Billion).

So what would be the likely impact on the share price. What would you guys thinks of where these funds will be invested?

Correct but you need to deduct investment costs from total gains. Hence my profit calculation of around 859million.

Actually I was not talking about the profit or the gain. What I was referring to the amount of cash that the company is getting.

Effectively they are getting cash around Rs. 1.12 Bn. Well you can do lot of things with those funds. Put up 2 new shopping malls OR invest in plantations OR put up a new insurance company OR Put up a new Finance company OR Put up a Hotel.......etc etc etc..........so many things.

What would be the best investment????

Disclosure : I hold RICH shares and very optimistic of this company

slstock - ana gaththaneda lol!



nkalansu
Yes I see what you are saying. I think they might go for an Insurance company. But also there was talk about an education project.


bakapandithaya

What is there to anaganna. For me to take time to calculate and present the gains to the forum? The selling total nkalasu says and the profit gain I mentioned is different as investment cost needs to be deducted from selling total to calculate gain.

Should I stop wasting my time presenting these facts to you so you can do it yourself?

Kindly understand that nkalasu and myself is having educated discussion.

BTW, like Chinwi pointed out your style reminds me of another person in this forum who used to
LOL lol!



Dear Slstock...
You add value to the forum..
dont get anything seriuos
and any one can make mistakes but those who doing nothing do not make any mistakes...
Thank you presence here burning your valuable time

20RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:07 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


Thanks for the reply chinwi, cse.profit, sl.market, rjayasooriya.

BTW if one is confused or interested


The Capital gain is around = 1125.7 - (25 + 37.5 + 204) = 859 Million

Selling Price = is around Rs 1125.7 Million


Capital gain is calculated using the Selling price (1125.7 million ) - initial investment (25 + 37.5 + 204)

21RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:21 pm

PGNN


Manager - Equity Analytics
Manager - Equity Analytics

slstock wrote:
Thanks for the reply chinwi, cse.profit, sl.market, rjayasooriya.

BTW if one is confused or interested


The Capital gain is around = 1125.7 - (25 + 37.5 + 204) = 859 Million

Selling Price = is around Rs 1125.7 Million


Capital gain is calculated using the Selling price (1125.7 million ) - initial investment (25 + 37.5 + 204)

Very Happy - aha well explained cheers

22RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:23 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
Thanks for the reply chinwi, cse.profit, sl.market, rjayasooriya.

BTW if one is confused or interested


The Capital gain is around = 1125.7 - (25 + 37.5 + 204) = 859 Million

Selling Price = is around Rs 1125.7 Million


Capital gain is calculated using the Selling price (1125.7 million ) - initial investment (25 + 37.5 + 204)

Oh dear.... oh dear.... oh dear................

What a discussion. Me and slstock are in the center of this discussion.

Well well.... I don't think slstock made a mistake..... can anybody show me whether he has made a mistake?? I don't think so. All the calculations are perfect. It is just that i was referring to the cash generated from this transaction which is basically the sales value. It is just a misinterpretation. That's ok. It has happened to me....it can happen to anybody.

However I too think that disrespecting others is not good thing. Not a good quality.

I personally believe that slstock does a great job to improve the quality of the discussions in this forum. I respect that.







Last edited by nkalansu on Tue Sep 20, 2011 6:33 pm; edited 1 time in total (Reason for editing : grammar mistake)

23RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:26 pm

PGNN


Manager - Equity Analytics
Manager - Equity Analytics

nkalansu wrote:
slstock wrote:
Thanks for the reply chinwi, cse.profit, sl.market, rjayasooriya.

BTW if one is confused or interested


The Capital gain is around = 1125.7 - (25 + 37.5 + 204) = 859 Million

Selling Price = is around Rs 1125.7 Million


Capital gain is calculated using the Selling price (1125.7 million ) - initial investment (25 + 37.5 + 204)



Oh dear.... oh dear.... oh dear................

What a discussion. Me and slstock in the center of this discussion.

Well well.... I don't think slstock made a mistake..... can anybody show me whether he has made a mistake?? I don't think so. All the calculations are perfect. It is just that i was referring to the cash generated from this transaction which is basically the sales value. It is just a misinterpretation. That's ok. It has happened to me....it can happen to anybody.

However I too think that disrespecting others is not good thing. Not a good quality.

I personally believe that slstock does a great job to improve the quality of the discussions in this forum. I respect that.



No one made a mistake other than the BAKAPANDITHAYA

24RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:30 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dear Experts...

Can anybody explain why AAIC is going up instead of RICH...????

RICH received the capital gain.....why AAIC going up?

Since RICH has agreed to the mandatory offer almost 99% shares are with SOFTLOGIC group now....now... is there a greater room for artificial price increase of AAIC? Who is doing it?


25RICH massive capital gain  Empty Re: RICH massive capital gain Tue Sep 20, 2011 4:33 pm

PGNN


Manager - Equity Analytics
Manager - Equity Analytics

nkalansu wrote:Dear Experts...

Can anybody explain why AAIC is going up instead of RICH...????

RICH received the capital gain.....why AAIC going up?

Since RICH has agreed to the mandatory offer almost 99% shares are with SOFTLOGIC group now....now... is there a greater room for artificial price increase of AAIC? Who is doing it?



Couldn't it because of either the same party who bought from RICH or some other party collecting to get more control over AAIC.

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