The Investor Sentiment - Equity and investments forum for Sri Lankans
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
NBFI SectorYesterday at 1:38 pmFuture123
That Fakhar ! Tue Jun 20, 2017 7:34 pmEthical Trader
SPEN.N0000Tue Jun 20, 2017 3:37 pmFuture123
Inter-view Sun Jun 18, 2017 1:05 pmFuture123
No Politician Democracy!Thu Jun 15, 2017 9:11 amBackstage
LIOC.N0000 (Lanka IOC PLC)Wed Jun 14, 2017 5:04 pmRana
Browns to sell 5 hotelsWed Jun 14, 2017 9:41 amWasteofTime
June 2017
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Share
View previous topicGo downView next topic
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:16 pm
Message reputation : 100% (10 votes)
Like many other diversified businesses Richard Pieris company is also incorporated before 1948. The first business of the company which was a filling station started in 1932. Revenue grew by more than 400% in the first five years. The issued capital was Rs 50,000 and that was enough to provide jobs for 70 employees.

Today the company is well managed by Dr Sena Yaddehige and the team.

Revenue of the company is raised from 6 main categories..

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:18 pm
Message reputation : 100% (5 votes)
Profit contribution is not based on Revenue contribution. Plantation sector contribute to 19% of revenue but only 4% of Profit.

Its mirror effect is represented by Finance Sector where revenue contribution is mere 3% but profit contribution is 24%

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:19 pm
Message reputation : 100% (5 votes)
Following chart will provide a close picture of sector-wise importance of Revenue and Profit

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:21 pm
Message reputation : 100% (5 votes)
When Revenue is compared with other Diversified companies Aitkenspence and Richard move in a very close journey...

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:22 pm
Message reputation : 100% (4 votes)
but not profit-wise. Richard has failed to prove consistency in profitability targets

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:23 pm
Message reputation : 100% (4 votes)
Net Assets and Market Value is shown below

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:27 pm
Message reputation : 100% (4 votes)
Revenue growth fits into the trend line.. However profitability is fluctuating...Higher exposure to Plantation sector can be a reason..

The strict cost controlling can be seen even with the way the annual reports are printed.. Most of annual reports of the company is in black and white compared to many colourful annual reports of even small hotels like Hunnas and Ramboda..

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:29 pm
Message reputation : 100% (4 votes)
Debt to Equity ratio is managed within a controllable level

[You must be registered and logged in to see this image.]
yellow knife
Top contributor
Top contributor
Posts : 5433
Join date : 2014-03-27

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:31 pm
Message reputation : 100% (5 votes)
Dividend per share shows that dividends are paid when the company makes positive earnings..

[You must be registered and logged in to see this image.]
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 6455
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:32 pm
Thanks YK.
Very enlightening.
(Hold a sizeable portion of this in my Pf).
avatar
chutiputha
Top contributor
Top contributor
Posts : 1822
Join date : 2014-11-09
Age : 31
Location : Minneriya

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 5:39 pm
Thank U YK Sir..Good One,more likes from me Smile
avatar
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 6:11 pm
This was one of my favourites earlier, but gloomy future of plantations kept me away from this, but it looks like other sectors are showing signs of growth, Retail and Financial
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 6455
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Re: RICH N.0000 Richard Pieris and company PLC

on Mon Aug 10, 2015 6:32 pm
Yes, retail & financial are good and wondering when would they surprise us again for this year. Very Happy
HAL9000 wrote:This was one of my favourites earlier, but gloomy future of plantations kept me away from this, but it looks like other sectors are showing signs of growth,  Retail and Financial
avatar
pathfinder
Top contributor
Top contributor
Posts : 1328
Join date : 2014-02-23

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 7:11 pm
Superb presentation YK Very Happy
avatar
nihal123
Top contributor
Top contributor
Posts : 3804
Join date : 2014-02-24
Age : 51
Location : Waga

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 7:55 pm
Thanks YK
avatar
Leon
Top contributor
Top contributor
Posts : 1230
Join date : 2014-03-11

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 9:26 pm
Thanks for your time & effort. +
I'm following the whole series.
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 6455
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 9:53 pm
Hope it is about time for them to surprise us with a good announcement. Very Happy
Nuinth
Top contributor
Top contributor
Posts : 548
Join date : 2014-02-28
Location : Universe

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 11:22 pm
Thx YK. Very useful.
avatar
Sriranga
Veteran
Veteran
Posts : 3225
Join date : 2014-02-23
Location : Colombo
http://sharemarket-srilanka.blogspot.co.uk/

Re: RICH N.0000 Richard Pieris and company PLC

on Tue Aug 11, 2015 11:39 pm
Really appreciate YK.
Thanks a lot.

_________________
"Investing is easy to learn, but it takes a lifetime to master."
serene
Top contributor
Top contributor
Posts : 3562
Join date : 2014-02-26

Re: RICH N.0000 Richard Pieris and company PLC

on Wed Aug 12, 2015 5:22 am
Message reputation : 100% (1 vote)
Superb YK.Many likes.
Lovely presentation and make life so easy.
Wish Kith's dream come true. Smile Very Happy
Defender
Posts : 50
Join date : 2015-03-30
Location : Colombo

thanks a lot

on Wed Aug 12, 2015 8:24 am
thanks
avatar
Ethical Trader
Top contributor
Top contributor
Posts : 2171
Join date : 2014-02-28

Re: RICH N.0000 Richard Pieris and company PLC

on Wed Aug 12, 2015 9:44 am
Nice presentation YK. Thanks.
yaka
Posts : 374
Join date : 2014-02-28

Re: RICH N.0000 Richard Pieris and company PLC

on Sat Nov 21, 2015 12:33 pm
Message reputation : 100% (1 vote)
will 02 years tax relief for the plantation companies apply for NAMU,KGAL and MASK? will it come through to RICH??
what 's the impact of the new implication of exporting value added tea?

also I heard RK request local manufacturers to use local rubber as much as possible.
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 6455
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Re: RICH N.0000 Richard Pieris and company PLC

on Sat Nov 21, 2015 12:39 pm
Why RICH is silent still ? Very Happy
(Calm before the storm).
Top Trader
Top contributor
Top contributor
Posts : 155
Join date : 2014-03-06

Re: RICH N.0000 Richard Pieris and company PLC

on Sat Nov 21, 2015 7:41 pm
Message reputation : 100% (1 vote)
Removal of VAT on wholesale and retail also will give them considerable savings
View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum