RICH.N0000

trasantha · 1 RICH.N0000 Mon Jun 11, 2012 5:22 pm

trasantha

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What is going on with this company price is going continually downnnnnnnnnnnn Evil or Very Mad

Chinwi · 2 Re: RICH.N0000 Tue Jun 12, 2012 12:15 am

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Nothing bad in the company as far as we know.

Most of us have bought it at higher prices.
What I did today was selling some other stocks to buy RICH.

market bull · 3 Re: RICH.N0000 Tue Jun 12, 2012 6:54 am

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I also feel that we can get a good return within reasonable period.But collect little by little.still anybody even brokers cant guess which way this market continues.

twimalasuriya · 4 Re: RICH.N0000 Wed Jun 13, 2012 9:02 am

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Chinwi wrote:Nothing bad in the company as far as we know.

Most of us have bought it at higher prices.
What I did today was selling some other stocks to buy RICH.

Few days ago I also sold some DIAL, some SPEN and some TAJ and bought some RICH.
Managed to bring down my average cost to 9.35

@Chinwi - What do think about FLCH for long term?

I have FLCH @ 4.25, but did want to buy more to average down because of high P/E and possibility to collect at even lower price.

Chinwi · 5 Re: RICH.N0000 Wed Jun 13, 2012 9:33 am

Chinwi

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twimalasuriya wrote:

Few days ago I also sold some DIAL, some SPEN and some TAJ and bought some RICH.
Managed to bring down my average cost to 9.35

@Chinwi - What do think about FLCH for long term?

I have FLCH @ 4.25, but did want to buy more to average down because of high P/E and possibility to collect at even lower price.

For long term, I do not want to deviate my initial thinking about FLCH. I never sold.

Actually I collected some amount @ 1.50 recently. That is about 2 times of the number of shares I bought @ 4.50

If it goes down to 80 cents I will buy 4 times. Smile

Pl. Note: I have no hurry with shares like FLCH. If I failed with it during my lifetime my children may reap benefits. Do not follow me. Pl plan according to your age , ambitions etc.

Slstock · 6 Re: RICH.N0000 Wed Jun 13, 2012 10:48 am

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As this question was directed to chinwi I was wondering whether to reply or not. But anyway I will tell my opinion agan.

FLCH is a long term share . Right now FLCH main revenue is from plantations which is at a hit. Their other diversified sectors such as Hydro power, lesuire , land has not started to give a significant return yet. Their timber stock can have potential with some new regulations. These will only come with time. Thats why I said it is a long term share. But also notice the admin parties behind FLCH are strong. Currently due to the negative trend most shares have been reduced/reducing to dust. But we should not forget that this share still is trading 1/3 NAV and IPO price was Rs 5.
Short term also it can give you a 8-20% return as it is a penny stock. But miracle should not be expected in short term. ( then again you never know at CSE).

twimalasuriya wrote:

Chinwi wrote:Nothing bad in the company as far as we know.

Most of us have bought it at higher prices.
What I did today was selling some other stocks to buy RICH.

Few days ago I also sold some DIAL, some SPEN and some TAJ and bought some RICH.
Managed to bring down my average cost to 9.35

@Chinwi - What do think about FLCH for long term?

I have FLCH @ 4.25, but did want to buy more to average down because of high P/E and possibility to collect at even lower price.

econ · 7 Re: RICH.N0000 Wed Jun 13, 2012 1:54 pm

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I also have lot of flch and rich with massive unrealised losses.. I should have bought now but no money left since all are invested in fixed deposits.

Whitebull · 8 Re: RICH.N0000 Wed Jun 13, 2012 7:02 pm

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Chinwi wrote:Pl. Note: I have no hurry with shares like FLCH. If I failed with it during my lifetime my children may reap benefits. Do not follow me. Pl plan according to your age , ambitions etc.

And specially according to ur holding power.

Chinwi · 9 Re: RICH.N0000 Wed Jun 13, 2012 8:54 pm

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FLCH ට තව කාලයක් වෙනකම් තියෙන තවත් ගැටළුවක් තමයි විශාල කොටස් කරුවන් ප්‍රමාණයක් සිටීම. ඇයි ඔක්කොම මේක ගත්තනේ හෝ ගාල.
Results හොඳ වෙලා හෝ market up වෙලා හෝ ඉහල යනකොටම sellers ල එනවා.

සාමාන්‍යයෙන් මෙවැනි තත්වයක් කාලයකදී සමනය වෙනවා. කොටස් මිල පහලටම වැටුන වෙලාව බලල long term investors කිහිප දෙනෙක් විශාල වශයෙන් එකතු කිරීම නිසා. මේ දිනවල එය සිදුවෙනවද දන්නේ නැහැ. එහෙම උනොත් නම් තව මේක strong වෙයි.

Slstock · 10 Re: RICH.N0000 Wed Jun 13, 2012 10:14 pm

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BTW, Rich is an very good company according to my analysis which I discussed in the forum before.

Their management has good vision for growth and expansion and hedging risks involved in sectors as plantations.
If I recall right they also had plans to expand to education and plantation abroad. Recently I saw that their retail chain had further expansion plans. Further more RICH has lately being rewarding their shareholders handsomely with dividends.

but again this is not a share for the short term player when during a bull run. RICH made mistake by splitting it too much 2 year ago making it a bit too liquid. ( split was 15 shares for 1) .

traderathome · 11 Re: RICH.N0000 Wed Jun 13, 2012 10:25 pm

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slstock wrote:

BTW, Rich is an very good company according to my analysis which I discussed in the forum before.

Their management has good vision for growth and expansion and hedging risks involved in sectors as plantations.
If I recall right they also had plans to expand to education and plantation abroad. Recently I saw that their retail chain had further expansion plans. Further more RICH has lately being rewarding their shareholders handsomely with dividends.

but again this is not a share for the short term player when during a bull run. RICH made mistake by splitting it too much 2 year ago making it a bit too liquid. ( split was 15 shares for 1) .

i agree who ever buying will be rewarded.....good stock,right nowi am stuck with any more funding Rolling Eyes

trasantha · 12 Re: RICH.N0000 Thu Jun 14, 2012 9:17 am

trasantha

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Thank You very much for ur valuable commentz my der fiendzzzzzzz Smile

traderathome · 13 Re: RICH.N0000 Thu Jun 14, 2012 10:19 pm

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i am not trusting the market until next week......i expect the unexpected......so we need to wait for the outcome on sunday or monday from europe.... once the dust is settled the direction will be clear..... Suspect