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RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

+63
Eleven
Great1
Hawk Eye
Runnerx
samaritan
David VKMS
Ruchira sm
sanjulanka
bizniz
Equityinvestor
drunkencub
judecroos
Bakkabwoi
Champ888
Kanishka_2020
Pbv
stockback
100Bill
dhanushkacse
Vishwanarth
Mr. X
Tradewise
DamithAsian
Basu
Value Pick
RJ1010
kottuwa
Promoney
celtic tiger
nish84
subash81
Baba2020
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heroxhere
kanchpre
geesura
Win Win
DKbogols
Equity Win
shakthi1974
Zee
sak
hiransilva23
jaya
pra4u
Eranga87
smnsam
Tissa
gihanmig
Nandun
Mithooshan
Lawa
lakymahesh
anges
AsithaDe
thankrishan
EquityPlus
glad
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Teller
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67 posters

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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


Manager - Equity Analytics
Manager - Equity Analytics

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

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


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rich will hit 15/-

Tissa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Will reach 15 very soon.....

smnsam


Senior Equity Analytic
Senior Equity Analytic

still 12.20

Eranga87


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

not now. better move TJL. LMF

Lawa


Equity Analytic
Equity Analytic

14 is the next target. Then 15.

Tissa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Collection going on........will hit 15 easily

Lawa


Equity Analytic
Equity Analytic

14 target achieved ..bnow 15

KavinduTM and judecroos like this post

pra4u

pra4u
Manager - Equity Analytics
Manager - Equity Analytics

went to 14.50 and dropped to 13.20

is the rally(bubble) over?
any advise on exit price?

Lawa


Equity Analytic
Equity Analytic

pra4u wrote:went to 14.50 and dropped to 13.20

is the rally(bubble) over?
any advise on exit price?
Bubble? It's not a bubble. Price needs to adjust with the market trend plus the dividend date will be announced soon..

jaya


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

Compare with other stocks RICH and VONE just start to run, no worries if board it.

Lawa


Equity Analytic
Equity Analytic

About to break the next price ceiling ..14

Lawa


Equity Analytic
Equity Analytic

Just as predicted..  Very Happy

reyaz likes this post

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