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

RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

+63
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67 posters

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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


Senior Manager - Equity Analytics
Senior 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


Senior Manager - Equity Analytics
Senior 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


Senior Manager - Equity Analytics
Senior 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 Manager - Equity Analytics
Senior Manager - Equity Analytics

What is the more risk expo or rich  in this level

Tissa


Senior Manager - Equity Analytics
Senior 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


Senior Manager - Equity Analytics
Senior 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...

sak

sak
Equity Analytic
Equity Analytic

Watch RICH today .... Smile Smile Smile

Tissa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I'm waiting to buy rich after XD
13-14 range
Keep on eye EMER/SCAP/HEXP....

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

https://www.theequitycheck.com/filedata/fetch?id=36601

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Based on the research report attached above the chances of RICH reaching below current market price is very minimal. Based on candle stick pattern it might even reach RS.16. (My personal opinion)

If there are anyone who has purchased this share better to hold.

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I was just analyzing the chart of Rich and what i found is that huge quantities were purchased only after it reached RS.14.7. (More than 15Mn shares up to now)

Bollinger bands’ upper band is at RS.16.40, MACD blue and red will meet each other next Friday and then it shall start its next run after the strong consolidation in past few days. (Buying opportunities tomorrow and may be next week due to ex/div, before the next rally)

Based on facts and figures (See the charts) many investors/traders who purchased at low-levels (Around 12) should have realized their gains due to latest price appreciations and after another set of selling is done from those who bought at low prices to realize their margins there will not be a selling pressure. This is because now many are holding from RS.14.70 and up wards. With a gut feeling i would say more than 70%.

(There could be some traders waiting to sell their shares on next Wednesday after absorbing the dividend) but based on charts these will be absorbed by buyers in the market with only a minor drop in price.

If there are any investors who are willing to purchase a share for investment purposes i invite them to collect RICH after doing their own analysis. This Holding Company has tyre, supermarkets, plantation and rubber. All in good positions under the current context with good margins. (Unfortunately I couldn’t buy this at lower prices and hold, but i shall collect it from RS.15.20 and below if it comes down)

-Not a buy or sell recommendation

RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 3 7d767a10

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics

RICH seems to be gaining momentum. Price has dipped after the recent Covid events and Ex-dividend but now seems to be recovering. I expect RICH to post a strong Q2 on the back drop of strong performance from its plantations, rubber & tyre segment as well as improved retail segment (which has performed fairly well even during Q1 lock down period). At 13/- levels this seems to be a bargain and a hidden gem!

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

RICH is a good share to get 15% capital gain by few weeks.

But, HAYL & HAYC to be raised by more % with their business natures and CMP. 


If available cash balances, invest DIPD, HAYL, HAYC, RICH, BPPL.

These are very valuable & solid shares and strong performance can be seen with Current World Situation !!

Fill your portfolio with Very Valuable Shares !!

heroxhere likes this post

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

DKbogols wrote:RICH seems to be gaining momentum. Price has dipped after the recent Covid events and Ex-dividend but now seems to be recovering. I expect RICH to post a strong Q2 on the back drop of strong performance from its plantations, rubber & tyre segment as well as improved retail segment (which has performed fairly well even during Q1 lock down period). At 13/- levels this seems to be a bargain and a hidden gem!
RICHARD PIERIS AND COMPANY PLC (RICH.N0000) - Page 3 4i816r10just for fun Smile

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics

Rich started moving today. Expect a super Q2 due to its plantations, rubber and Tyre sectors. Retail sector would have also done well done. Even in Q1 with lock down, their performance was better than last year overall. You can only image how they might have done without lockdown in Q2!

nish84


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rich 👉👉

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