REXP.N0000 (Richard Pieris Exports PLC)

[yellow knifeTop contributor]

This is another company belonging to Dr. Sena Yaddehige.. Dr. Sena Yaddehige is a Sri Lankan born British Scientist and a Swiss based Industrialist. His vision is clearly represented in this company.

Company has shown 14% revenue growth YoY manily due to increase in jar sealing rings exports to Europe.

Two important attributes of the company are
1. Marketing
2.Innovation

Even DIPD is very good at global marketing and the same strategy of  (rubber related ) is mentioned in REP annual report. That is giving price advantage to customers (due to fluctuation of raw material (rubber ) cost ). Further planned customer visits in Europe, and being in touch with overseas customers have made the global marketing success..

Company is continuous in  innovating. During the year company invested in " World first natural rubber latex continuous sheeting plant.  That is truly Sri Lankan indigenous product.

These attributes are common in companies where scientists become owners like Dr Edwin De Lands Kodak and later Polaroid.

[yellow knifeTop contributor]

Company now earn revenue over 2 Billion

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

[yellow knifeTop contributor]

Company is truly an achiever overcoming negativity

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

[yellow knifeTop contributor]

The relationship with Net Assets and Market value is ...m.... ridiculous..

I am very happy to say in real world Net Asset and Market value can move in positive direction when everything is positive.. But one lucky thing with companies is its market value never turn negative when earnings become negative..

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

[yellow knifeTop contributor]

Anyone who value shares only on Net Asset Value would say this is highly over valued.. But that's where earnings matter.

[yellow knifeTop contributor]

Even PE ratio chart is rather unusual


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

[yellow knifeTop contributor]

Namunukula and Rexp EPS direction is earlier noted by Hariesha as I remember and following chart show the negative relationship between rubber estate earnings  and rubber related industrialists earnings

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

[yellow knifeTop contributor]

Sorry thats by PathFinder

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

[කිත්සිරි ද සිල්වාTop contributor]

On the hindsight, exiting after over 100 % return looks a not so wise move (It was at 140 level then and now doing around 170) now but I have no regrets.
Thanks YK for the analysis.

[Jana1Top contributor]

Anyone noticed drop rubber price now days. There is huge drop within few days. REXP may wake-up again.

No no, I looked at wrong chart but coiuldn't delete my comment..

[slstockVeteran]

REXP is share that amazes me .

Only issue is someday when this reverses trend , it will back through concrete wall.

Until such time this is still wonder boy with YoY earning growth.

Anyone noticed drop rubber price now days. There is huge drop within few days. REXP may wake-up again.

No no, I looked at wrong chart but coiuldn't delete my comment..

[yellow knifeTop contributor]

My average is 62.30... Unrealized capital gains is 245% but happy with higher dividend yield.. This is a share which proved long-term holding is beneficial for an investor... However to balance the extreme situation I invested equal amount in Namunun and not in Kegalle as

[dhanurrox]

Strong foreign buy these days.Will definitely hit 250

[Future123Active Member]

Keep an eye on this. Lower rubber prices and depreciating rupee will make wonders to this company.
Last quarter EPS was Rs. 9.36.

It's too difficult to set a target for REXP.

This is my personal view only and please do your own research before making an investment decision.

[Jana1Top contributor]

My average is 62.30... Unrealized capital gains is 245% but happy with higher dividend yield.. This is a share which proved long-term holding is beneficial for an investor... However to balance the extreme situation I invested equal amount in Namunun and not in Kegalle as

Yellow, prepare ur mind when it reverses its trend to unload.

[Future123Active Member]

REXP is a direct beneficiary of depreciating rupee and falling rubber prices.

REXP will report its best ever quarterly results for the September quarter. A big dividend is due very soon. Watch out for this.


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

Please do your own research before making a buy decision.

[Future123Active Member]

REXP is a direct beneficiary of depreciating rupee and falling rubber prices.

REXP will report its best ever quarterly results for the September quarter. A big dividend is due very soon. Watch out for this.


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

Please do your own research before making a buy decision.

REXP started going up as expected. A big dividend on the cards. We can expect amazing profit from REXP in the coming quarter.

[yellow knifeTop contributor]

Yes

REXP is one company that gets direct benefit of Rupee depreciation

Japan used to have its currency held artificially devalued to help manufacturing. So is China

[smallvilleTop contributor]

All sectors showed improved profits, rather outstanding if you ask me. June Qtr EPS is outstanding at Rs. 9.36/- compared to 6.43/- in 2014 same qtr. However, their net cash position is minus due to increased OD position.

One good thing is the no of shares are absurdly low, just 11.16 mil. Then again 80.26% is with RICH and 10.2 mil is with top 20.

But considering NAV, the share trades 4X NAV.

[Future123Active Member]

Have a strong feeling that REXP might go for a sub division when the price comes to nearly 300/= levels.

September quarter must be a good one for them due to lower rubber prices and rupee depreciation.

[Future123Active Member]

Keep an eye on this. Lower rubber prices and depreciating rupee will make wonders to this company.
Last quarter EPS was Rs. 9.36.

It's too difficult to set a target for REXP.

This is my personal view only and please do your own research before making an investment decision.

Hope all are in there and enjoy the ride.

REXP will be one of the companies which would report extraordinary earnings this quarter and for the next few quarters. Plenty of good news on the way.

The November budget would be extremely good for the exporters.

Hold it tight and enjoy

[yellow knifeTop contributor]

Future123

You have sense of future and this kind of sense will make Investing a profitable venture.

When investing let reality surface and leave all your biases aside.

When evaluating the agony of FOREX better to move to safe side , exporting

[Future123Active Member]

Thanks YK +++
Yes. We have no options than sticking to the safest shares in the market. REXP is one of the safest in this crisis moment where rupee is under threat.

I see a lots of positives in REXP and the next few months would reveal this.

[WRRKUMARA]

[Future123Active Member]

REXP is a direct beneficiary of depreciating rupee and falling rubber prices.

REXP will report its best ever quarterly results for the September quarter. A big dividend is due very soon. Watch out for this.


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

Please do your own research before making a buy decision.

What a day for REXP
Last couple of trades at 280/=. Seems to be an excellent 2nd quarter for REXP.
Good dividend on its way