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RICH N.0000 Richard Pieris and company PLC

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RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:16 pm

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..

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:18 pm

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%

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:19 pm

Following chart will provide a close picture of sector-wise importance of Revenue and Profit

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:21 pm

When Revenue is compared with other Diversified companies Aitkenspence and Richard move in a very close journey...

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:22 pm

but not profit-wise. Richard has failed to prove consistency in profitability targets

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:23 pm

Net Assets and Market Value is shown below

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:27 pm

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..

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:29 pm

Debt to Equity ratio is managed within a controllable level

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Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Aug 10, 2015 5:31 pm

Dividend per share shows that dividends are paid when the company makes positive earnings..

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Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Mon Aug 10, 2015 5:32 pm

Thanks YK.
Very enlightening.
(Hold a sizeable portion of this in my Pf).
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Re: RICH N.0000 Richard Pieris and company PLC

Post by chutiputha on Mon Aug 10, 2015 5:39 pm

Thank U YK Sir..Good One,more likes from me Smile
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Re: RICH N.0000 Richard Pieris and company PLC

Post by HAL9000 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
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Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා 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
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Re: RICH N.0000 Richard Pieris and company PLC

Post by pathfinder on Tue Aug 11, 2015 7:11 pm

Superb presentation YK Very Happy
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Re: RICH N.0000 Richard Pieris and company PLC

Post by nihal123 on Tue Aug 11, 2015 7:55 pm

Thanks YK
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Re: RICH N.0000 Richard Pieris and company PLC

Post by Leon on Tue Aug 11, 2015 9:26 pm

Thanks for your time & effort. +
I'm following the whole series.
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Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Tue Aug 11, 2015 9:53 pm

Hope it is about time for them to surprise us with a good announcement. Very Happy
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Re: RICH N.0000 Richard Pieris and company PLC

Post by Nuinth on Tue Aug 11, 2015 11:22 pm

Thx YK. Very useful.

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Re: RICH N.0000 Richard Pieris and company PLC

Post by Sriranga on Tue Aug 11, 2015 11:39 pm

Really appreciate YK.
Thanks a lot.

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Re: RICH N.0000 Richard Pieris and company PLC

Post by serene on Wed Aug 12, 2015 5:22 am

Superb YK.Many likes.
Lovely presentation and make life so easy.
Wish Kith's dream come true. Smile Very Happy

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thanks a lot

Post by Defender on Wed Aug 12, 2015 8:24 am

thanks

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Re: RICH N.0000 Richard Pieris and company PLC

Post by Ethical Trader on Wed Aug 12, 2015 9:44 am

Nice presentation YK. Thanks.
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Re: RICH N.0000 Richard Pieris and company PLC

Post by yaka on Sat Nov 21, 2015 12:33 pm

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.

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Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Sat Nov 21, 2015 12:39 pm

Why RICH is silent still ? Very Happy
(Calm before the storm).
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Re: RICH N.0000 Richard Pieris and company PLC

Post by Top Trader on Sat Nov 21, 2015 7:41 pm

Removal of VAT on wholesale and retail also will give them considerable savings

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