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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

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Uaecoindubai
66 posters

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Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics

Richard Pieris and Company PLC is a holding company. The Company's segments include Rubber, Tyre, Plastic and furniture, Retail, Financial Services, Other Services and Plantations. Its retail sector includes consumer goods, household goods, furniture and electric goods, and provides services, such as bank service points, credit card and mobile bill payment facilities. Its plantation sector includes tea, rubber, palm oil, coconut and spices. Its tyre sector includes retreaded tires for light and heavy commercial vehicles, re-manufactured radial tires, tubes and flaps, and trading in tubes, flaps and new tires. Its plastic sector produces products, such as mattresses, water tanks, plastic furniture, cushions and sheets, and water pumps. Its rubber sector is involved with products, such as mattresses, pillows, latex rings, crush tips and shoe soles. Its financial services sector includes various services, such as insurance, finance, stock broking, margin trading and a logistics arm.

guys, look for RICH , its value for money , good Beta. Business is expanding especially retail sector how ever plantation has some minor issues but based on DY, ifeel its better , good dividend payout. less risk investment

Teller

Teller
Moderator
Moderator

Recommend @9 ,now trades @10, its > 10% retrun with in 6 weeks.

Teller

Teller
Moderator
Moderator

EPF eyes on RICH, if it confirms price will be above 12/-.

Teller

Teller
Moderator
Moderator

Very close to target 12.

dakzsl


Senior Equity Analytic
Senior Equity Analytic

No dividends JAN 2020?

Teller

Teller
Moderator
Moderator

Rich will back below 10 again

wgsaman

wgsaman
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Look at RICH subsidiaries. They are willing to pay better dividends like NAMU, REXP

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

wgsaman wrote:Look at RICH subsidiaries. They are willing to pay better dividends like NAMU, REXP


I Think @Teller also mention this... they have cash flow issue...

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

We will also have cash flow issues if the companies don't pay good dividends

wgsaman

wgsaman
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

glad wrote:We will also have cash flow issues if the companies don't pay good dividends
Better dividends means lower growth

Teller

Teller
Moderator
Moderator

Yes, if more cash is out as dividends , reinvest rate will drop. In such scenario ,growth will drop . How ever this is not applicable growth companies

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

After seen this , no point of keep cash in hand long period... 
any way what about your idea guys... 
hope no need to explain who is Ray Dalio...
'Cash is trash' Ray Dalio 
https://www.youtube.com/watch?v=tZyWVxGXPHo

EquityPlus


Equity Analytic
Equity Analytic

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityPlus wrote:

Good one.

EquityPlus


Equity Analytic
Equity Analytic

thankrishan wrote:
EquityPlus wrote:

Good one.

Thank you

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

@EquityPlus This is really good. Can you please check  "Capital expenditure" In my analysis bit higher compare to you.

Great work! and Thanks for sharing with us...

EquityPlus


Equity Analytic
Equity Analytic

ColomboCSE wrote:@EquityPlus This is really good. Can you please check  "Capital expenditure" In my analysis bit higher compare to you.

Great work! and Thanks for sharing with us...
Hello ColomboCSE,

It's my pleasure sharing my knowledge with you all. Please share your analysis, so that we can have aquick comparison

AsithaDe


Equity Analytic
Equity Analytic

Income Tax % of Past 10 years

Rich   - 27%
Spen  - 17.3%
JKH    - 16%

Anybody know why it is high in Rich ?

EquityPlus


Equity Analytic
Equity Analytic

AsithaDe wrote:Income Tax % of Past 10 years

Rich   - 27%
Spen  - 17.3%
JKH    - 16%

Anybody know why it is high in Rich ?

Hi Asitha,
Income tax provisions of companies have been calculated on their adjusted profits at the standard rate of 28%, except for Companies which are enjoying income tax exemptions or subject to concessionary tax rates. 

If you look at SPEN, Group, their effective income tax rate is around 21% after considering all tax exemptions

Teller

Teller
Moderator
Moderator

Interesting discussion . Im sure RICH will get additional tax benifits due to agree based as well as well as export oriented. Lets see

AsithaDe


Equity Analytic
Equity Analytic

EquityPlus wrote:
AsithaDe wrote:Income Tax % of Past 10 years

Rich   - 27%
Spen  - 17.3%
JKH    - 16%

Anybody know why it is high in Rich ?

Hi Asitha,
Income tax provisions of companies have been calculated on their adjusted profits at the standard rate of 28%, except for Companies which are enjoying income tax exemptions or subject to concessionary tax rates. 

If you look at SPEN, Group, their effective income tax rate is around 21% after considering all tax exemptions
Thanks Brother

anges


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

great research and valuation ! good job ! we need more people like you

lakymahesh


Senior Equity Analytic
Senior Equity Analytic

any updates on the Dividend ?

24RICHARD PIERIS AND COMPANY PLC (RICH.N0000) Empty RICH.N000 is heating up. Fri Aug 21, 2020 12:12 pm

Lawa


Equity Analytic
Equity Analytic

Fundamentally strong, good financial figures. If it canovercome the liquidation this is one of the hidden gems in the market. Will reach 13-14 with the announcement of dividend.
Cheers ..

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Is it worth at 11.30 ?

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