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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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58 posters

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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 3 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.....

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


Manager - Equity Analytics
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

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
Today i realized my profit
Brought at 11.9 and sold at 14.9 - 15 level
Next keep on eye EMER sure hit 8-9 range

Lawa


Equity Analytic
Equity Analytic
This will reach up to 18 by the end of this week then  stagnate around 20 for some time.. Highly traded volume signals the price to appreciate more. If this is backed with a good news - a dividend .. 25 is not that far..

Mithooshan likes this post

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
Better to exit at this level...and again u can buy at 13.5 - 14 level

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Tissa wrote:Better to exit at this level...and again u can buy at 13.5 - 14 level
It will move today😁😁

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
As i said dont hurry to buy @ this level
Wait it will come back to13-14 range

Lawa


Equity Analytic
Equity Analytic
@Tissa wrote:As i said dont hurry to buy @ this level
Wait it will come back to13-14 range
Very Happy

sak

sak
Equity Analytic
Equity Analytic
Collect RICH at current levels Very Happy . This will hit 18/- for sure with in 1 month period sunny .

Happy trading ... Very Happy

Cheers .....

Lawa


Equity Analytic
Equity Analytic
As I already predicted in August this share has room to grow more than Rs.30 in the coming days. Fundamentally strong, good financial figures. If it canovercome the liquidation this is one of the hidden gems in the market. Will reach 30 levels with the announcement of dividend.

sak likes this post

Lawa


Equity Analytic
Equity Analytic
Dividend announced .. Another successful prediction ..  cheers cheers

Zee


Equity Analytic
Equity Analytic
😊😊

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
Certainly, RICH had a good consolidation in 13-15 level and I think with dividend announcement and future potential in TEA, RUBBER along with quarterly reports easily could move to Rs.20/- level.
 



















DatePriceOpenHighLowVol.Change %
25-Sep-201514.81514.6439.21K1.35%
24-Sep-2014.815.115.214.82.24M-0.67%
23-Sep-2014.915.315.314.81.58M-0.67%
22-Sep-201514.715.314.76.20M2.74%
21-Sep-2014.613.814.713.62.58M6.57%
18-Sep-2013.713.71413.6461.91K0.00%
17-Sep-2013.713.613.713.4382.05K3.79%
16-Sep-2013.21414.513.21.37M-5.71%
15-Sep-201412.21412.25.06M15.70%

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look for REXP it also reflect same.

Equity Win


Senior Equity Analytic
Senior Equity Analytic
What is the more risk expo or rich  in this level

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
Rich is good fundamental counter and already appriciated from 9/- present price is too much to earn capital gain. This my personal view i alrady sold it at 14.9 -15 level and try collect at below 13.5

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
When i put my post regarding Rich no one interested to collect at that level. Now lot of people taking abt rich....ha...ha....
If anyone need to get sudden capital gain try to collect EMER...

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