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

RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

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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


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 ?

29RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 2 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 ?

Lawa


Equity Analytic
Equity Analytic
Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.

Mithooshan likes this post

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes, i am. Thanks for the infor Lawa.

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Yes, i am. Thanks for the infor Lawa.
If you're new to this please refer figures belated to share analysis like EPS, BOOK VALUE, .. There are many YouTube channels even in Sinhala . Make your own decisions coz most of us are biased on the shares we've picked. And some are long term waiters while some need quick buck. 
Happy trading. 
Cheers ..

Mithooshan and Sharaj like this post

Nandun


Senior Equity Analytic
Senior Equity Analytic
@Lawa wrote:Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.
Are there any expectations near dividend payment?

Lawa


Equity Analytic
Equity Analytic
Open 10.70 closed 11.80

Mithooshan likes this post

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Actually irrespective of dividend it was a good buy !
Thanks Lawa 🙏🏾

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Actually irrespective of dividend it was a good buy !
Thanks Lawa 🙏🏾
Anytime Shan. 
Cheers..

Lawa


Equity Analytic
Equity Analytic
@Nandun wrote:
@Lawa wrote:Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.
Are there any expectations near dividend payment?
Yeh. We expect the price to go up near the XD date. RICH hasn't given a dividend yet.

Teller

Teller
Moderator
Moderator
Its very difficult to RICH to give a dividend this time but surely REXP will do it


_________________




Teller said is said..

Mithooshan likes this post

gihanmig


Stock Trader
Why RICH.N priced up immediately?

Mithooshan likes this post

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks for sharing your thoughts with us Teller. Can you please give us an indication as to why you think it is difficult to declare a dividend (may be they will give a script dividend?)

Lawa, do you agree with teller or have a different opinion regarding dividend ?

I see two reasons for your question Gihan,
1) One reason for market price to increase is dividend expectation but when i checked investing.com the peiod on which they provide dividend is different. However, for the last F/Y they have not paid a dividend yet. So it is possible that market price went up with an expectation for dividend soon.

2. They are yet to publish Annual Report for 2019/20 but considering Covid they have reported a descent turnover based on the turnover value mentioned in the disclosure. So another reason could be expectation of a favourable annual report in the coming week.

If Lawa shares his\her views on Tellers’s opinion you will be able get better clarity on the matter.



Last edited by Mithooshan on Sat Aug 22, 2020 7:51 pm; edited 1 time in total

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Thanks for sharing your thoughts with us Teller. Can you please give us an indication as to why you think it is difficult to declare a dividend (may be they will give a script dividend?)

Lawa, do you agree with teller or have a different opinion regarding dividend ?

Gihan based on this thread, the reason for  market price to increase is dividend but when i checked investing.com the peiod on which they provide dividend is different. However, for the last F/Y they have not paid a dividend yet. So it is possible that market price went up with an expectation for dividend soon.
(Not sure whether there was any other reason driving share price to move up)

If Lawa shares his\her views on Tellers’s opinion you will be able get better clarity on the matter.
They'll never give a scrip coz liquidity is already sky high. That's the only issue with this. All of their diversified sectors performed well in the previous quarter. This sudden trend has only one reason IMHO .. DIVIDEND !! 
Cheers ..

Mithooshan likes this post

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thank you Lawa, oh yes, their liquidity is high indeed so script dividend is out.

44RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 2 Empty Rich ........15/-.......... Fri Sep 11, 2020 5:17 am

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
Rich will hit 15/-

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
Will reach 15 very soon.....

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