The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» විකුණුම්කරු
Today at 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Today at 12:00 am by xmart

» අනං මනං! #/+?.<>
Yesterday at 10:57 pm by Yin-Yang

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Yesterday at 11:43 am by CK

» Thread for News on Local and Foreign Politics
Yesterday at 6:52 am by ruwan326

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» Thread for News on CSE and SL Economy
Fri Nov 16, 2018 1:43 pm by The Invisible

» Dividend Announcement
Thu Nov 15, 2018 7:36 pm by nihal123

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» Thread for News on International Markets
Wed Nov 14, 2018 7:56 am by The Invisible

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

» HAYC - Haycarb
Fri Nov 09, 2018 10:30 am by The Invisible

» WATA - Watawala
Fri Nov 09, 2018 10:22 am by The Invisible

» AAIC.N0000
Fri Nov 09, 2018 10:10 am by The Invisible

» Asian markets rally as investors see positive in US gridlock
Fri Nov 09, 2018 8:02 am by serene

» CSE RISE , RIDING ETHICALLY
Wed Nov 07, 2018 5:53 am by pjrngroup

» Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
Tue Nov 06, 2018 6:38 pm by serene

» HHL.N0000 ( Hemas Holdings PLC)
Tue Nov 06, 2018 8:43 am by The Invisible

» Weldone Serene for 4000 + posts
Tue Nov 06, 2018 7:44 am by serene

» Asiri Hospitals PLC - ASIR
Mon Nov 05, 2018 11:58 am by The Invisible

» Flying is the Safest mode of Transport
Sat Nov 03, 2018 8:44 am by කිත්සිරි ද සිල්වා

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Fri Nov 02, 2018 7:45 pm by Brave Heart

» What MOTTOs/PRINCIPLEs do YOU follow in LIFE ?
Thu Nov 01, 2018 4:14 pm by Seyon

» LDEV - Lankem Developments
Thu Nov 01, 2018 2:23 pm by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 01, 2018 12:43 pm by The Invisible

» MTD Walkers (KAPI)
Thu Nov 01, 2018 11:54 am by The Invisible

» SERV - The Kingsbury
Thu Nov 01, 2018 10:12 am by The Invisible

» LFIN - LB Finance
Thu Nov 01, 2018 10:03 am by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Thu Nov 01, 2018 9:56 am by The Invisible

» Sri Lanka jumps 11 places to 100th rank in World Bank’s Doing Business index
Thu Nov 01, 2018 9:52 am by The Invisible

» Banking Sector
Thu Nov 01, 2018 9:50 am by The Invisible

» All Share index crosses 6,000 points
Thu Nov 01, 2018 8:20 am by Brave Heart

» Asian Hotels and Properties September net down 48-pct
Thu Nov 01, 2018 8:17 am by Brave Heart

» Sri Lanka rupee weakens; stocks rally slows
Thu Nov 01, 2018 8:13 am by Brave Heart

» TJL.N0000 (Textured Jersey Lanka PLC.)
Wed Oct 31, 2018 7:27 pm by PANTOMATH

» Whats ailing Sri Lanka ? Why we are what we are!
Wed Oct 31, 2018 6:07 pm by Ethical Trader

» Sri Lankan rivals tempt defectors to swing crisis
Wed Oct 31, 2018 9:41 am by The Invisible

» Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise
Wed Oct 31, 2018 9:36 am by The Invisible

» Sri Lanka President could dissolve parliament if interim budget is defeated: Wijedasa
Wed Oct 31, 2018 9:34 am by The Invisible

» Sri Lanka political crisis hikes debt rollover risk: Fitch
Wed Oct 31, 2018 9:31 am by The Invisible

» Sri Lankan political standoff could threaten reforms: S&P Ratings
Wed Oct 31, 2018 9:29 am by The Invisible

November 2018
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

Calendar 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

RICH N.0000 Richard Pieris and company PLC

Page 2 of 5 Previous  1, 2, 3, 4, 5  Next

Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by lanka on Mon Nov 23, 2015 11:42 am

Thanks dear YK

lanka

Posts : 419
Join date : 2014-11-26

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by First Guy on Tue Mar 08, 2016 10:34 pm

Today among so many shares in red, I noticed RICH gaining a few cents. Rolling Eyes
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Future123 on Mon Mar 14, 2016 3:20 pm

Rating review for RICH.

Fitch assigned National Long term rating of A. The outlook is stable. Looks promising..........

[You must be registered and logged in to see this link.]

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Mon Mar 14, 2016 3:43 pm

Waiting for the much awaited dividend. bounce

Disc; I hold RICH
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by BnP on Thu Mar 17, 2016 9:15 pm

Smile

BnP

Posts : 11
Join date : 2015-12-28

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Wed Mar 23, 2016 11:25 am

IFC, Canada climate change program to invest USD 15 MN in Richard  Pieris for green retail network.

***************************************

IFC, a member of the World Bank Group, with the support of the Government of Canada, will invest $15 million in Sri Lankan retail chain Richard Pieris Distributors Limited. The investment will help the company expand its modern retail network, support job creation, and develop local supply chains. It will also be used to install solar panels on company store rooftops.
The financing consists of a $7.5 million loan from IFC’s own account and a further $7.5 million from the IFC-Canada Climate Change Program. The Program promotes private sector financing for clean energy projects.
“IFC’s support comes at an important time as we step up our operations and widen our network of branches across the island,” said Dr. Sena Yaddehige, Group Chairman of Richard Pieris & Co. PLC. “Through this planned expansion, we will contribute towards improving food safety and consumer access to better quality food products at affordable prices.”
The investment into Richard Pieris Distributors will help 0create over 800 jobs directly and an even larger number of jobs indirectly by 2020. It will also help the company adopt green building measures and promote climate-smart technologies.
The Government of Canada’s contribution to the IFC-Canada Climate Change Program has helped make this financing package viable. To date, Canada has provided close to 271 million Canadian dollars to the program, to climate change investments that are generating significant environmental and economic benefits in developing countries.
“The Government of Canada is pleased to invest in renewable energy and green jobs in developing countries. Through its partnership with IFC, Canada is working to foster sustainable economic growth and contribute to reduce global greenhouse gas emissions, setting the stage for a cleaner, more prosperous global future,” said the Honorable Catherine McKenna, Canada’s Minister of Environment and Climate Change.
Sri Lanka’s modern trade sector currently constitutes less than 20 percent of total trade in the country, which is significantly lower than other emerging markets. The country’s retail sector has significant potential to contribute towards economic growth in an environment of steady economic development.
“As the sector grows, companies like Richard Pieris Distributors are in a prime position to expand their networks, boost employment opportunities through small businesses in their supply chains, and create value for consumers,” said Amena Arif, IFC’s Country Manager for Sri Lanka and Maldives.
Sri Lanka is a priority country for IFC’s work in South Asia. IFC’s committed portfolio in Sri Lanka covers projects across a range of sectors, including infrastructure, tourism, renewable energy, finance, and healthcare. IFC also provides advisory services to promote sustainable growth among small and medium enterprises by facilitating access to finance, and by offering capacity-building and training opportunities.

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Wed Mar 23, 2016 11:26 am

Richard Pieris were the first to finance electric cars in Sri Lanka. Thus renewable energy is a genuine concern of Richard Pieris group.

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by catseye on Wed Mar 23, 2016 2:04 pm

Can we guess any reason what RICH is delaying the dividend announcement ?  Is this because of the loss in plantation sector or they collecting  capitol for their future expansions ?

catseye

Posts : 20
Join date : 2014-03-17

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yaka on Thu May 12, 2016 12:35 am

Dr Yaddehige is buying... is it a sign of anything..

[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Thu May 12, 2016 12:56 am

Probable second dividend soon ?  Very Happy  bounce  bounce  drunken
yaka wrote:Dr Yaddehige is buying... is it a sign of anything..

[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 7504
Join date : 2014-02-23
Age : 60
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Tue May 31, 2016 4:55 pm

Looking at the results, can anyone say what they have done with the Kegalle dividend ? my accounts reading knowledge is limited. Thanks in advance.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by First Guy on Tue May 31, 2016 9:25 pm

Backstage wrote:Looking at the results, can anyone say what they have done with the Kegalle dividend ? my accounts reading knowledge is limited. Thanks in advance.

RICH cashflow statement is not detailed. We have to wait and see in annual report.

But only the dividend paid to 20% will be shown as cash out as rest is retained within group and consolidated
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by HUNTER on Tue May 31, 2016 9:59 pm

I think we can visualize what happened.....

Imagine you had some money in your wallet. Then what you did was, take some money out of it and put inside your pocket.

Now, you need not much worry about loosing the wallet.

avatar
HUNTER
Top contributor
Top contributor

Posts : 1655
Join date : 2014-07-14

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by The Alchemist on Tue May 31, 2016 10:22 pm

Backstage wrote:Looking at the results, can anyone say what they have done with the Kegalle dividend ? my accounts reading knowledge is limited. Thanks in advance.

Since the Kegalle shares are owned by RPC Plantations Management (a sub of RICH), the Dividend gets consolidated under Group Account. (RPC takes the dividend as part of its Profit).

The "Other Operating Income = Rs 918 million" in RICH Group Account maybe the Dividend RICH received from RPC as a result of the Kegalle Dividend.

It will not appear in the Cash Flow Group account as it appears under the Top Line "Profit before tax and non controlling interests from continuing operations" which must include the Dividend from subsidiary RPC, consolidated in RICH Group Account. This is a logical presumption in the absence of a note to the Account clarrifying this.


Last edited by The Alchemist on Tue May 31, 2016 10:36 pm; edited 1 time in total (Reason for editing : modified for clarrity)

The Alchemist
Top contributor
Top contributor

Posts : 596
Join date : 2014-02-25

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Wed Jun 01, 2016 12:33 pm

The Alchemist wrote:
Backstage wrote:Looking at the results, can anyone say what they have done with the Kegalle dividend ? my accounts reading knowledge is limited. Thanks in advance.

Since the Kegalle shares are owned by RPC Plantations Management (a sub of RICH), the Dividend gets consolidated under Group Account. (RPC takes the dividend as part of its Profit).  

The "Other Operating Income = Rs 918 million" in RICH Group Account maybe the Dividend RICH received from RPC as a result of the Kegalle Dividend.

It will not appear in the Cash Flow Group account as it appears under the Top Line "Profit before tax and non controlling interests from continuing operations" which must include the Dividend from subsidiary RPC, consolidated in RICH Group Account. This is a logical presumption in the absence of a note to the Account clarrifying this.  

Thanks all, will try and digest that.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:39 pm

Now we are evaluating 2015/16 annual year performance of RICH.N0000

RICH consist of Retail sector, Plantation sector, Tyre Sector, Plastic & Furniture Sector, Rubber sector and Financial Service Sector.

This company gets the maximum benefit of synergy where rubber plantation helps to tires and REXP and having retail helps to furniture and plastics. Further the company head hunted top employees from a leading finance company and added a finance company to its subsidiary list which by now  provide
operating profit of 217 Mn which is 32% growth on YoY basis.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:40 pm

EPS recorded again a value above Rs 1.00 even though plantation sector did not contributed as expected.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:42 pm

Net Assets of the company is growing steadily.


[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:44 pm

Company is a dividend payer and even at current level its dividend payout is above 5%.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:47 pm

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Mon Jul 11, 2016 4:49 pm

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6090
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yaka on Thu Jul 28, 2016 10:04 am

Dr Yaddehige continuously buying. as per my calculation he already in the top 10.

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by xmart on Thu Jul 28, 2016 11:57 am

yes. he is absorbing the selling pressure like worlds end. but huge run is unlikely at the moment. RICH will show its colors when plantations perform. RICH is range bound at the moment. good counter to experiment hunter sniper trading methods. even if trial failed, we have a promising counter in our PF!
avatar
xmart
Top contributor
Top contributor

Posts : 643
Join date : 2015-01-17

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yaka on Thu Jul 28, 2016 4:06 pm

I don't think we'll need to wait till plantation performance. their retail and plastic also growing rapidly... let's see...
(Holding some)

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

Interim Financial Statements as of 31-12-2016

Post by Rana on Tue Feb 14, 2017 6:52 pm

[You must be registered and logged in to see this link.]

Rana
Top contributor
Top contributor

Posts : 1445
Join date : 2015-12-16

Back to top Go down

Page 2 of 5 Previous  1, 2, 3, 4, 5  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum