RICHARD PIERIS AND COMPANY PLC (RICH.N0000)

Collect RICH at current levels . This will hit 18/- for sure with in 1 month period .

Happy trading ...

Cheers .....

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.

Dividend announced .. Another successful prediction .. 

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.
 

Date	Price	Open	High	Low	Vol.	Change %
25-Sep-20	15	14.8	15	14.6	439.21K	1.35%
24-Sep-20	14.8	15.1	15.2	14.8	2.24M	-0.67%
23-Sep-20	14.9	15.3	15.3	14.8	1.58M	-0.67%
22-Sep-20	15	14.7	15.3	14.7	6.20M	2.74%
21-Sep-20	14.6	13.8	14.7	13.6	2.58M	6.57%
18-Sep-20	13.7	13.7	14	13.6	461.91K	0.00%
17-Sep-20	13.7	13.6	13.7	13.4	382.05K	3.79%
16-Sep-20	13.2	14	14.5	13.2	1.37M	-5.71%
15-Sep-20	14	12.2	14	12.2	5.06M	15.70%

Look for REXP it also reflect same.

What is the more risk expo or rich  in this level

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

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...

Watch RICH today ....

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

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

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.

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

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!

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 !!

@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!

just for fun

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!

Rich

Buy RICH and get rich

Can I buy it tomorrow ???

RICH ??

What it the reason for sudden price appreciation?

@hiransilva23 wrote:What it the reason for sudden price appreciation?

Retail sector Arpico doing great

other subsidiary companies too doing well 

TYRE
NAMU
KGAL etc

Like HAYL price moved with DIPD and HAYC , RICH too should move up

@subash81 wrote:

@hiransilva23 wrote:What it the reason for sudden price appreciation?

Retail sector Arpico doing great

other subsidiary companies too doing well 

TYRE
NAMU
KGAL etc

Like HAYL price moved with DIPD and HAYC , RICH too should move up

Thanks brother

Can I buy it tomorrow ???

@nish84 wrote:Can I buy it tomorrow ???

Don't rush for it. it hits upper band.
Stay below 14 or 14.5 & you will get a chance to buy at that level hopefully.

I agree with Mithooshan & Win Win. We can easily expect 15% in the short term and then investors will hold it towards 20 in the first instance.

Thank you @heroxhere