RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

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

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

any updates on the Dividend ?

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 ..

Is it worth at 11.30 ?

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.

Yes, i am. Thanks for the infor Lawa.

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 ..

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?

Open 10.70 closed 11.80

Actually irrespective of dividend it was a good buy !
Thanks Lawa

Mithooshan wrote:Actually irrespective of dividend it was a good buy !
Thanks Lawa

Anytime Shan. 
Cheers..

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.

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

Why RICH.N priced up immediately?

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.

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 ..

Thank you Lawa, oh yes, their liquidity is high indeed so script dividend is out.

Rich will hit 15/-

Will reach 15 very soon.....

still 12.20

not now. better move TJL. LMF

14 is the next target. Then 15.

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

14 target achieved ..bnow 15

went to 14.50 and dropped to 13.20

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

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..

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

About to break the next price ceiling ..14

Just as predicted..