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REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Thu Nov 10, 2016 11:32 pm

Very good performance by REXP. Quarterly EPS up from Rs. 10.21 to Rs. 13.03 (28% increase).
We can expect a good interim and final dividend.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Mon Dec 19, 2016 11:06 pm

Today 1 US$ is Rs. 151.24. [You must be registered and logged in to see this link.]

The rupee is depreciating much faster than we think. By the end of next month, it may even go to 155/=. Surprising to see this situation despite  the vehicle imports are at record low levels.

Definitely there are only a few companies would enjoy this situation. REXP is 100% export company and every Rs. 1 depreciation will significantly improve REXP's profit.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by The Alchemist on Tue Dec 20, 2016 6:31 pm

Future123 wrote:Today 1 US$ is Rs. 151.24. [You must be registered and logged in to see this link.]

The rupee is depreciating much faster than we think. By the end of next month, it may even go to 155/=. Surprising to see this situation despite  the vehicle imports are at record low levels.

Definitely there are only a few companies would enjoy this situation. REXP is 100% export company and every Rs. 1 depreciation will significantly improve REXP's profit.

Yes, but Rubber Prices have increased by over 50 % in Yen Terms over the last 3-4 months. against that, the Yen has depreciated by about 18 % against the Dollar since 8th Nov.

Yet we do not know the transfer Pricing structure between Kegalle Plantation say and REXP for their raw materials.

In the short term, they cannot pass on higher raw material costs, which increases their Cost of Goods Sold.

i would not be surprised if profits are lower, but i do not know if their is any Capacity expansion taking place.


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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Wed Feb 15, 2017 7:33 am

Will REXP beat the all EPS records of its history and reach a value above 40 or will it slow down with increasing rubber prices as Alchemist has pointed out above?

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Wed Feb 22, 2017 7:45 pm

REXP has beaten all the expectations and came up with solid results. 9 months EPS Rs. 33.31 and annual EPS would likely to exceed Rs. 40 for 2016/17.

Quarterly EPS is Rs. 9.89 and an increase of 55%. REXP has efficiently dealt with rubber price increase.


Today the rupee against US$ is Rs. 153.56. The rupee has been falling continuously over last 5 days. This is a real good news for REXP. Every one rupee depreciation would increase the EPS around 1.50. The rupee would soon fall to 160/=. REXP is the best share to hold as long as UNP in power. The rupee will continuously depreciated as long as this government exist and I have converted some of my manufacturing and banking shares to REXP.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Fri Jun 23, 2017 8:38 pm

The rubber prices are falling pretty fast which is an added bonus for REXP. With GSP plus and falling rubber prices, I expect REXP to report superior results in coming quarters.

I respect the management for their generous dividend policy. The quarters ending December 2016 and March 2017 were hard for them but they performed extremely well and reported an EPS of Rs. 41.38 and declared Rs. 16 as dividend.

Many companies failed during last quarter testing times as their cost of sales gone up and profits dipped drastically. Eg: ACL, APLA, CIND and some others who engage in manufacturing. But REXP surprised everyone with an annual profit increase of 33%.

REXP will be a good counter to watch in coming quarters as per my view as all the factors are very positive for them to achieve a record performing 2017/18.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Thu Jul 06, 2017 8:52 pm

Today nearly 430,000 shares of REXP traded which is quite unusual. There is a rumour that the 2nd top shareholder TRL Holdings sold their shares to Richard Pieris & Co.

Today REXP transferred from Main board to Diri Savi Board. With today's purchase of shares, RICH increased its stake to nearly 84% in REXP and therefore could have requested CSE to transfer REXP to Diri Savi Board.

If it's the case, we can expect more dividends from REXP in the future. If the holding company is increasing it's stake above 80% then we can expect something special from REXP in the future.

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Note: Still no official announcement being made regarding RICH acquisition of REXP. This was just a rumour for the time being so therefore please don't take it as confirmed. I'm waiting for the official announcement whether RICH bought REXP today or not.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Fri Jul 07, 2017 8:13 pm

Now the official announcement has been made and it's the holding company Richard Pieris & Co purchased 406,030 shares of REXP at an average cost of Rs. 237.42. Now RICH holds nearly 84% of REXP and that's why REXP has been transferred to Diri Savi board from the Main board.

The RICH board may want to increase the stake of REXP in the future even closer to 90% since it's a cash cow in the group.

I consider this as a good news since there will be less selling pressure for REXP in the future and there will be more dividends from REXP. The Management of RICH should have valid reasons to do this and the future outlook could be very bright with GSP plus, capacity expansion and rupee depreciation.

On the other hand RICH also would benefit as they will get more dividend income from REXP and REXP is a cash cow in the group.

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Note: Please do your own research before making any buy/ sell decisions.

Future123 wrote:Today nearly 430,000 shares of REXP traded which is quite unusual. There is a rumour that the 2nd top shareholder TRL Holdings sold their shares to Richard Pieris & Co.

Today REXP transferred from Main board to Diri Savi Board. With today's purchase of shares, RICH increased its stake to nearly 84% in REXP and therefore could have requested CSE to transfer REXP to Diri Savi Board.  

If it's the case, we can expect  more dividends from REXP in the future. If the holding company is increasing it's stake above 80% then we can expect something special from REXP in the future.

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Note: Still no official announcement being made regarding RICH acquisition of REXP. This was just a rumour for the time being so therefore please don't take it as confirmed. I'm waiting for the official announcement whether RICH bought REXP today or not.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by CK on Fri Jul 07, 2017 8:25 pm

Thanks future for analysis. Cinv is also appreciating which you earlier recommended. Weldone..
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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Fri Jul 07, 2017 8:42 pm

Thanks CK

CK wrote:Thanks future for analysis. Cinv is also appreciating which you earlier recommended. Weldone..

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by First Guy on Tue Jul 11, 2017 8:26 am

How does increasing the stake help with new public holding regulations?
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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Tue Jul 11, 2017 4:13 pm

I think FG for main board minimum public float is 20% and for Diri Savi Board is minimum 10% public holding. That's why when RICH increased its stake of REXP to nearly 85%, the shares were immediately transferred from main board to Diri Savi Board upon holding company's request.



First Guy wrote:How does increasing the stake help with new public holding regulations?

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:32 pm

2017

It seems Future is enjoying the fruits of his investments. Yes REP has recorded its best year in 2017

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Instead of having a moving average as the trend lien, if we use a linear growth we can see how much REXP has done in 2017 .

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:35 pm

Its net assets positions are improving at a surprising rate

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:35 pm

Price has remained rather flat for a couple of years...

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:37 pm

Return on capital employed is substantially higher...

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:38 pm

This is another company where dividend grows....

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:39 pm

PAT has been improving continuously

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by yellow knife on Thu Jul 13, 2017 6:43 pm

Its important to look at the growth of Net Profit Margin. Despite the fact that Revenue growth of 25%, PAT growth of 33% and Net Assets Growth of 46%... Net Profit margin has grown only marginally...

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by nihal123 on Thu Jul 13, 2017 7:35 pm

Thanks YK
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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Thu Jul 13, 2017 8:32 pm

Thanks a lot YK

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Quarterly Financial Report as of 30/06/2017

Post by Rana on Thu Aug 10, 2017 6:06 pm

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by Future123 on Sat Mar 24, 2018 11:42 am

Some important observation on REXP.

The value of property, plant & equipment as at 31/12/2016 is Rs. 521 million.
The value of property, plant & equipment as at 31/12/2017 is Rs. 974 million.

REXP has invested in plant and machinery in 2017 Rs. 453 million an increase of 87%.
As a result of this we can expect significant capacity increase and production volumes in 2018. REXP has introduced new product lines as well.
The rupee is depreciating very fast against all major currencies and this is a real bonus for REXP.
The reserves are piling up for REXP and we may expect a cpitalization of reserves in the future.

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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by PANTOMATH on Mon Oct 22, 2018 5:33 pm

I searched the forum to read about REXP after I saw some collection of the counter during last few days.

Very nice analysis YK

Also timely warning by SLS at the peak.

Since Rubber prices on decline and USD is rising I think REXP is not a bad share to keep in a portfolio as a longterm share.
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Re: REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)

Post by xmart on Fri Nov 02, 2018 5:01 pm

PANTOMATH wrote:I searched the forum to read about REXP after I saw some collection of the counter during last few days.

Very nice analysis YK

Also timely warning by SLS at the peak.

Since Rubber prices on decline and USD is rising I think REXP is not a bad share to keep in a portfolio as a longterm share.

if political chaos solved favoring CSE, we could expect this to settle around 230 and consolidation before any run. probably this will be a 50+ EPS share this year end.

all decide with political drama. if RW comes to power again not only REXP but ASI also will drop dramatically.

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