What will happen to RICH in near future

pushpithalanka · 1 What will happen to RICH in near future Sat Aug 20, 2011 8:13 pm

pushpithalanka

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What is your idea about RICH.

panuradha · 2 Re: What will happen to RICH in near future Sat Aug 20, 2011 8:47 pm

panuradha

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my idea abt RICH is good to buy at this stage.
any Good or Bad Idea abt RICH?. Please share

Namalaka · 3 Re: What will happen to RICH in near future Sat Aug 20, 2011 9:02 pm

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panuradha wrote:my idea abt RICH is good to buy at this stage.
any Good or Bad Idea abt RICH?. Please share

Fundamentally strong share which is now undervalued..
It is v good for long term..
(would be bit hard to go on rally since it has a large amount of shares Basketball

)

Market.Player · 4 Re: What will happen to RICH in near future Sat Aug 20, 2011 9:19 pm

Market.Player

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Only the issue is Plantation drop. (NAMU & KGAL under RICH group).
Long term good investment.

bePositive · 5 Re: What will happen to RICH in near future Sat Aug 20, 2011 9:45 pm

bePositive

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its gonna be Long, Long term investment, for sure

Aamiable · 6 Re: What will happen to RICH in near future Sat Aug 20, 2011 10:09 pm

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RICH might come down again slightly and climb upwards again...

BullMarket · 7 Re: What will happen to RICH in near future Sun Aug 21, 2011 8:37 am

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Aamiable wrote:RICH might come down again slightly and climb upwards again...

No. it will not come down. time to time it will appreciate. wait & see. Don't panic guys.

Panduka1988 · 8 Re: What will happen to RICH in near future Sun Aug 21, 2011 9:38 am

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Hope it's a good one.. Richard Pieris records Rs.7.2b turnover in 1Q

So collect more and more.. Then HOLD what you have..

Thushara Ayya · 9 Re: What will happen to RICH in near future Fri Sep 02, 2011 4:09 pm

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I think so I also collecting RICH DIAL and FLCH

maddu · 10 Re: What will happen to RICH in near future Fri Sep 02, 2011 8:44 pm

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Yes I'm also think RICH will appreciate time to time. Fundamentaly strong shares will bounce back guys. Wait & See. Now CSE is more & more waiting game friends. Don't panic. Let's See. Basketball

Happy trading all...!!

buster_b · 11 Re: What will happen to RICH in near future Thu Sep 08, 2011 9:08 pm

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Tea prices are on the rise. Lets hope there will be a consistency in the up trend with increasing demand.

Leaf Level
08 Sep, 2011 18:04:05
Sri Lanka tea prices recover
Sep 08, 2011 (LBO) - Prices of teas made by Sri Lankan plantation company estates rose this week although still below production cost as supply fell and demand improved with brokers saying the market seems to have bottomed out.

There was good demand at the Colombo auctions with improved buying mainly from shippers to the Commonwealth of Independent States, the biggest market, Forbes & Walker Tea Brokers said.
The better demand combined with low availability triggered price hikes of 10-30 rupees a kilo for some types of tea.

"A tremendous sign of relief (from) the producer sector, although even at these prices, it makes the plantation sector not viable," the brokers said.

Production costs had been pushed up with a recent wage hike given to estate workers.

"It is noteworthy to mention the appreciation in prices as the sale progressed, which would be an indication of the market having bottomed off," Forbes & Walker said.

"As volumes continue to decline over the forthcoming sales, it would be reasonable to conclude that the prices are most likely to appreciate further from now on."

The slide in Sri Lankan tea prices as unrest in the Middle East, a big market, hit demand and created shipment and payment problems, had brought them below those of Kenya, a key competitor.

"Even with this week's gains the level of price at the Colombo tea auction is yet lower than a comparable standard sold at the Mombasa auction," brokers Asia Siyaka Commodities said. "With supply remaining tight, there is further room for improvement."