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

Display results as :
 


Rechercher Advanced Search

Latest topics
» CSE HOLIDAY LIST 2018
Fri Sep 22, 2017 5:20 pm by Rana

» Dividend Announcement
Fri Sep 22, 2017 5:19 pm by Rana

» SPEN.N0000
Fri Sep 22, 2017 3:01 pm by LSE

» Laughter the Best Medicine
Fri Sep 22, 2017 2:51 pm by Ethical Trader

» ට්‍රම්ප් "මොළය අවුල් වූ මැරයෙක්" - කිම් ජොන්ග් අන්
Fri Sep 22, 2017 2:37 pm by Ethical Trader

» No one must die of cancer
Thu Sep 21, 2017 11:14 pm by කිත්සිරි ද සිල්වා

» ට්‍රම්ප්ගේ දේශනය "සුනඛයෙකුගේ බිරීමක්"
Thu Sep 21, 2017 6:05 pm by Ethical Trader

» ලංකා බැංකුව, මහජන බැංකුව සහ ශ්‍රී ලංකා ඉන්ෂුවරන්ස් කොටස් වෙළෙඳපොළට
Thu Sep 21, 2017 6:01 pm by Ethical Trader

» ලංකා සිමෙන්ති කොටස් ගනුදෙනුවල අසාමාන්‍ය හැසිරීමක් – සභාපති කරුණු පහදයි
Wed Sep 20, 2017 8:06 pm by nihal123

» උතුරු කොරියාව විනාශ කරනවා - ජනාධිපති ඩොනල්ඩ් ට්‍රම්ප්
Wed Sep 20, 2017 12:33 pm by Ethical Trader

» LIOC.N0000 (Lanka IOC PLC)
Wed Sep 20, 2017 10:23 am by LSE

» In the Meantime, Within Our Shores !
Wed Sep 20, 2017 8:41 am by කිත්සිරි ද සිල්වා

» Nanodegrees
Tue Sep 19, 2017 11:40 pm by Backstage

» Picture of the day - for diss-cuss-ion and deb-ate.
Tue Sep 19, 2017 10:51 pm by Backstage

» පර්පෙචුවල් පලිසේනට බෝනස් කෝටි 10 ක්
Tue Sep 19, 2017 6:41 am by CK

» Be prepared for dry weather: Experts
Mon Sep 18, 2017 10:27 pm by nihal123

» නමක් පමණක් ඇති සමාගමකට ඩොලර් මිලියන 600 ක් රැස්කර ගත් චමත් පලිහපිටිය
Mon Sep 18, 2017 3:38 pm by nihal123

» කොටස් මිල ඉහල යාම ගැන ලංකෙම් ඩිවලොප්මන්ට්ස් වෙතින් කරුණු විමසයි
Mon Sep 18, 2017 3:35 pm by nihal123

» ධම්මික රුපියල් බිලියන 12.5කට සිංගර් ශ්‍රී ලංකා මිලට ගැනීමට තීන්දු කරයි
Sun Sep 17, 2017 2:05 pm by Danidu

» උතුරු කොරියාව ජපානයට ඉහලින් තවත් මිසයිලයක් විදියි
Fri Sep 15, 2017 5:46 pm by Ethical Trader

» උතුරු කොරියාවෙන් ඇමෙරිකාවට බිහිසුණු තර්ජනයක්
Thu Sep 14, 2017 5:59 pm by Ethical Trader

» කොටස් වෙළෙඳපොළට ප්‍රාග්ධන බදු නැහැ – නව බදු අයකිරීම් 2018 අප්‍රේල් 01 සිට ක්‍රියාත්මකයි
Thu Sep 14, 2017 11:42 am by Ethical Trader

» සන්නිවේදන සමාගමක් මූල්‍ය සමාගමක බලය අල්ලයි
Tue Sep 12, 2017 8:57 pm by nihal123

» උතුරු කොරියාව සම්බන්ධයෙන් රුසියාවේ පිළිවෙත කුමක්ද?
Tue Sep 12, 2017 5:50 pm by Ethical Trader

» ශ්‍රී ලංකාව උතුරු කොරියාවට එරෙහි සම්බාධක 'උල්ලංඝනය කරලා'
Mon Sep 11, 2017 6:55 pm by Yin-Yang

» වෙළෙඳ දැන්වීමක මස් බුදින ගනේෂ දෙවියන්, බුදු හිමියන් සහ යේසුස් වහන්සේ
Mon Sep 11, 2017 5:48 pm by Ethical Trader

» 'සයිබර් බුලින්' විඳ එයට එරෙහි වී සම්මාන ලබන ශ්‍රී ලාංකික තරුණිය
Mon Sep 11, 2017 11:57 am by Ethical Trader

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sun Sep 10, 2017 8:02 am by spw19721

» APLA.N0000 (ACL PLASTICS PLC)
Sun Sep 10, 2017 7:56 am by spw19721

» සිල් රෙදි නඩුව: හිටපු ජනපති ලේකම්, TRCSL සභාපති සිරගෙට
Fri Sep 08, 2017 12:35 pm by Ethical Trader

» PAYE බදු නිදහස් සීමාව ඉහළට
Fri Sep 08, 2017 10:24 am by nihal123

» V 2025 - A Country enriched
Thu Sep 07, 2017 1:53 pm by Danidu

» අනුෂ පැල්පිට - ලලිත් වීරතුංගට වසර තුනක සිරදඬුවම්
Thu Sep 07, 2017 1:22 pm by nihal123

» පොහොසත් රටේ කොටස් වෙළෙඳපොළට 2025 දී වෙන දේ
Thu Sep 07, 2017 10:57 am by Ethical Trader

» ‘දැන් ඉතිං වළක් කපන් වැළලෙන්න තියෙන්නේ‘ - බුකියේ ගිය රස කතා
Thu Sep 07, 2017 10:49 am by nihal123

» ශ්‍රී ලංකාව යළිත් පරාදයි
Thu Sep 07, 2017 10:38 am by Ethical Trader

» ශ්‍රී ලංකා ක්‍රිකට් වලට මොකද වුනේ? - සනත් කතා කරයි
Thu Sep 07, 2017 10:31 am by Ethical Trader

» බැඳුම්කර කොමිසම ඉදිරියේ හෙළි වූ කරුණු මොනවාද?
Thu Sep 07, 2017 10:22 am by Ethical Trader

» සිංගප්පූරුවේ Ube, ටෝක්යෝ සිමෙන්ති හිමිකම අඩකින් අඩුකරයි
Wed Sep 06, 2017 1:31 pm by nihal123

» Donkey Sex
Wed Sep 06, 2017 10:54 am by Backstage

» එළුවන් නළුවන් වෙලා
Wed Sep 06, 2017 10:16 am by Backstage

» "තේරුණේ දැන් තමයි"
Tue Sep 05, 2017 1:58 pm by jiggysaurus

» Whatever happened to the monastic Sangha?
Tue Sep 05, 2017 1:56 pm by jiggysaurus

» මෙරට විශ්වවිද්‍යාලවල 70%ක්‌ කාන්තාවෝ
Tue Sep 05, 2017 1:55 pm by jiggysaurus

» stock market’s downward trend
Mon Sep 04, 2017 9:47 pm by jiggysaurus

» ඔබේ මන්ත්‍රීවරයා පාර්ලිමේන්තු යනවාද?
Mon Sep 04, 2017 9:43 pm by jiggysaurus

» සෝයා ගනුදෙනුවෙන් කොළඹ කොටස් පිරිවැටුම ඉහළට
Mon Sep 04, 2017 4:19 pm by nihal123

» "හොඳම තෑග්ග ජනතාවගේ සතුට" - හොඳම තරුණ විද්‍යාඥයා වූ ශ්‍රී ලාංකිකයා
Sun Sep 03, 2017 9:50 pm by Backstage

» Sri Lanka govt securities demonstrate positive investor sentiments:
Sun Sep 03, 2017 9:43 pm by Backstage

» Asha Phillip Technical Analysis Report - September 2017
Sun Sep 03, 2017 9:41 pm by Backstage

September 2017
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930

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 3 of 5 Previous  1, 2, 3, 4, 5  Next

View previous topic View next topic Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Mon Mar 06, 2017 12:42 pm

Exodus continues as Richard Pieris’ longstanding Director Paul Ratnayeke quits


Richard Pieris and Company Plc’s longstanding Director and senior corporate lawyer Paul Ratnayeke resigned last week completing what corporate analysts described as a “mass exodus” of directors from the Board since July last year.

Previously longstanding Independent Non-Executive Director Prof. Lakshman R. Watawala, Independent Non-Executive Directors Prof. Kapila Goonasekera and Dr. Anura Ekanayake resigned.

Dr. Ekanayake, Prof. Watawala and Prof. Goonasekera served in the Related Party Transactions Review Committee as well as the Audit Committee. The trio served in the Nominations Committee and Dr. Ekanayake and Prof. Watawala served in the Remuneration Committee.

In FY 2015/16, corporate analysts were surprised by RPC subsidiary Kegalle Plantations declaring an unusually high Rs. 45 per share dividend amounting to Rs. 1.125 billion despite a dip in profits.





Following the exits, the remaining Directors on the RPC Board are Dr. Sena Yaddehige (Chairman), his son Shaminda Yaddehige (Executive Director and Chief Operating Officer), Sunil Liyanage and V. Perera while H.J. De Costa is the only remaining Independent Non-Executive Director with Prasanna Fernando and J.C. Korale being Independent Directors.

For the nine months ended 31 December 2016, RPC Group turnover grew by 13% to Rs. 36.3 billion and operating profit by 22% to Rs. 3.8 billion. Post-tax profit was up 34% to Rs. 2.5 billion and net profit attributable to equity holders of the parent rose by 27% to Rs. 2.28 billion.

Last week Fitch Ratings affirmed Richard Pieris & Company Plc’s (RICH) National Long-Term rating at ‘A(lka)’ with a Stable Outlook. Fitch has also affirmed the national ratings on RICH’s outstanding senior unsecured debentures at ‘A(lka)’. RICH’s rating reflects the group’s strong diversification and market leadership in most end-markets and its established operations, Fitch added.
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Mon Mar 06, 2017 1:34 pm

Thanks Backs.  Very Happy
Rats jumping off ship is considered a bad sign.
Recently RICH gave out a reasonably good dividend.
Is it a case of that we do not see something yet, where insiders have access and should we be alarmed ?
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Mon Mar 06, 2017 1:39 pm

Don't know the inside story, but Yaddehige apears to be a bit cowboyish.
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Mon Mar 06, 2017 1:45 pm

SEC had also called him for an investigation into a share transaction, last known he asked to be excused on health issues from abroad.
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Mon Mar 06, 2017 1:53 pm

කව්බෝයි යක්කුන්ට ඉතින් දෙහි කැපුවත් වැඩක් වෙන්නේ නැහැ නේ ! Very Happy
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Mon Mar 06, 2017 2:11 pm

Deviating from topic, but I couldn't resist it.

Sri Lanka short of cowboys
Feb 26, 2017

ECONOMYNEXT - Sri Lanka's state-run National Livestock Development Board (NLDB), is facing a severe shortage of farmworkers, Chairman H W Cyril said amid broader labour shortfalls in other sectors of the economy.

"We have 500 vacancies for farm workers in our farms," Cyril told a forum in Colombo, organized by Fonterra, a New Zealand based dairy firm.

"It is very difficult to find a person to work in farms. One thing is the salary is low."

Sri Lanka has followed a policy of depreciating the currency after printing money to push up inflation which has destroyed real salaries of people, making people poor despite having a job.

As a result even people with jobs try to go to the Middle East to earn a living wage, critics say.

Unlike in countries like Vietnam which also had a central bank similar of worse than Sri Lanka until recently, there is no widespread practice of denominating salaries in US dollars to escape currency depreciation.

Currency depreciation also destroys real capital, making it difficult to find funds to make investments that boost labour productivity, making it possible to pay higher real wages.

In addition to cattle, NLDB also farms chicken, goats and pigs.

Perceptions and social status is a key factor in the lack of farmworkers, which analysts say could be compounded by the low real wages.

"They do not want to get their hands dirty with cow dung or mud - especially young people," Cyril said.

"In Sri Lanka you have a low social status if you say you look after cattle. But in the West, cowboys have a high social status, but a cowherd here has no such label."

Mechanizing farms has helped.

Cyril said there was no problem with finding workers to operate tractors, combined harvesters or milking machines.

Sri Lanka's unemployment has fallen during the last decade partly due to stronger domestic activity especially in services generating shortages in low paid jobs across sector.

Low wage export manufacturing firms are also facing labour shortages as are rice farms in the East of the country and the construction sector.

Foreign guest workers including from India and Nepal are coming to fill the void, officially and unofficially. (Colombo/Feb25/2017)
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
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 Mar 06, 2017 2:17 pm

Like your language twisting with two above posts..

SL lacks both cow boys and Independent Directors who knows what is expected from them... or cow boys don't like the job and do the directors...


I often understand like above..

When religion says earth is flat and when science says earth is round I find the paradox...

But I understand how the religious scientist think.. " Some parts of the earth is flat and some parts are round "

yellow knife
Top contributor
Top contributor

Posts : 5554
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Mon Mar 06, 2017 5:59 pm

Anyone here got the RICH (VPEL as well) dividend cheque already ?
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Rana on Mon Mar 06, 2017 6:39 pm

Today I got my VPEL cheque
කිත්සිරි ද සිල්වා wrote:Anyone here got the RICH (VPEL as well) dividend cheque already ?

Rana
Top contributor
Top contributor

Posts : 1206
Join date : 2015-12-16

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by poor boy on Mon Mar 06, 2017 11:03 pm

rcvd letter dated 02/03/2017 for vpel dividend but still(06/03/17) it has not gone to the bank.not rcvd RICH yet.

poor boy
Active Member
Active Member

Posts : 760
Join date : 2014-10-09

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Tue Mar 07, 2017 7:10 am

Librarians reminder...

Can we confine Rich to Rich only.... ( No VPEL please... for that we have another thread )

( I too received the notices of both and yet to get SMS from my Current Account )

yellow knife
Top contributor
Top contributor

Posts : 5554
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by කිත්සිරි ද සිල්වා on Tue Mar 07, 2017 8:20 am

Thanks guys ! Very Happy
(Now most of us are RICH thanks to RICH).
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Ethical Trader on Tue Mar 07, 2017 10:11 am

I disposed RICH long ago, hence missed the fat dividend. Thanks guys for interesting comments.?Can an expert comment on the current saga.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2656
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 Tue Mar 07, 2017 10:15 am

Am no expert but despite the reported mass exodus, some people are still keen holding RICH (show a bit of appreciation right now). Very Happy
Ethical Trader wrote:Can an expert comment on the current saga.
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Rajapaksap on Tue Mar 07, 2017 10:16 am

Rana wrote:Today I got my  VPEL cheque  
කිත්සිරි ද සිල්වා wrote:Anyone here got the RICH (VPEL as well) dividend cheque already ?

I got both (RICH and VPEL)couple of days ago.

Rajapaksap

Posts : 67
Join date : 2014-04-14

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Rana on Tue Mar 07, 2017 10:18 am

or  else  we can use below  link to ask  about  dividend  cheques and etc(just a suggestion)
[You must be registered and logged in to see this link.]
yellow knife wrote:Librarians reminder...

Can we confine Rich to Rich only.... ( No VPEL please... for that we have another thread )

( I too received the notices of both and yet to get SMS from my Current Account )

Rana
Top contributor
Top contributor

Posts : 1206
Join date : 2015-12-16

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Tue Mar 07, 2017 10:21 am

good point

yellow knife
Top contributor
Top contributor

Posts : 5554
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Ethical Trader on Tue Mar 07, 2017 10:45 am

Yes Kith. There appears to be improvements but what is behind this sudden exodus?

As per 2015/16 accounts-
EPS Rs: 1.05
NAV Rs: 5.34
2016/17 accounts will be out after the current quarter ending 31st March

As per 31/12/16 interim report-
9 months EPS 1.12
3 months EPS 0.41

Current market price around Rs: 8.00

Interim dividend declared 0.60 (7.2% yield @ current prices!)

Their cash flow may easily allow such dividend payment easily.

Differences of opinions among directors may have prompted the exodus but what is it?

කිත්සිරි ද සිල්වා wrote:Am no expert but despite the rep
orted mass exodus, some people are still keen holding RICH (show a bit of appreciation right now). Very Happy
Ethical Trader wrote:Can an expert comment on the current saga.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2656
Join date : 2014-02-28

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Tue Mar 07, 2017 11:29 am

There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
Join date : 2014-02-24

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Ethical Trader on Tue Mar 07, 2017 12:23 pm

Yes, it looks serious when watchdogs leave.
Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2656
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 Tue Mar 07, 2017 12:28 pm

More of an ethical issue and I believe government watchdogs have more teeth to deal with any suspicious issues. Very Happy
Ethical Trader wrote:Yes, it looks serious when watchdogs leave.
Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Ethical Trader on Tue Mar 07, 2017 3:29 pm

As Back says fat Kgl dividend may be one reason.
කිත්සිරි ද සිල්වා wrote:More of an ethical issue and I believe government watchdogs have more teeth to deal with any suspicious issues. Very Happy
Ethical Trader wrote:Yes, it looks serious when watchdogs leave.
Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2656
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 Mar 09, 2017 9:43 am

"Rats jumping ship" is a good omen, it seems now. Very Happy
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6719
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by yellow knife on Fri Mar 10, 2017 7:27 am

Rich often become Filthy Rich...

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

yellow knife
Top contributor
Top contributor

Posts : 5554
Join date : 2014-03-27

Back to top Go down

Re: RICH N.0000 Richard Pieris and company PLC

Post by Backstage on Fri Mar 10, 2017 11:49 am

Apart from the going ons at the top, the companies all appear to be well run and profitable, right ?
avatar
Backstage
Top contributor
Top contributor

Posts : 3154
Join date : 2014-02-24

Back to top Go down

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

View previous topic View next topic Back to top


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