REXP.N0000 (Richard Pieris Exports PLC)
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
We can expect a good interim and final dividend.
[You must be registered and logged in to see this link.]
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
- The AlchemistTop contributor
- Posts : 651
Join date : 2014-02-25
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
[You must be registered and logged in to see this link.]
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
[You must be registered and logged in to see this link.]
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
[You must be registered and logged in to see this link.]
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.
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
[You must be registered and logged in to see this link.]
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.
[You must be registered and logged in to see this link.]
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.
- CKActive Member
- Posts : 1393
Join date : 2015-11-01
Re: REXP.N0000 (Richard Pieris Exports PLC)
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
CK wrote:Thanks future for analysis. Cinv is also appreciating which you earlier recommended. Weldone..
- First Guy
- Posts : 2599
Join date : 2014-02-22
Re: REXP.N0000 (Richard Pieris Exports PLC)
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
First Guy wrote:How does increasing the stake help with new public holding regulations?
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
2017
It seems Future is enjoying the fruits of his investments. Yes REP has recorded its best year in 2017
[You must be registered and logged in to see this image.]
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 .
[You must be registered and logged in to see this image.]
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: REXP.N0000 (Richard Pieris Exports PLC)
[You must be registered and logged in to see this image.]
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: REXP.N0000 (Richard Pieris Exports PLC)
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
- RanaTop contributor
- Posts : 1786
Join date : 2015-12-16
Quarterly Financial Report as of 30/06/2017
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
- PANTOMATH
- Posts : 231
Join date : 2018-10-15
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.
- xmartTop contributor
- Posts : 732
Join date : 2015-01-17
Re: REXP.N0000 (Richard Pieris Exports PLC)
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.