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Sri Lanka Equity Forum » Stock Market Talk » Expert Chamber » Exciting RICH

Exciting RICH

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1Exciting RICH - Page 2 Empty Exciting RICH on Thu Jun 30, 2011 6:44 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
First topic message reminder :

Dr Sena Yaddehige made an exciting speech at RICH AGM today.

RICH is getting into Palm oil business, overseas.

He reviled that they have already acquired 150,000 Acres of land in some other country and finalizing for getting another 40,000 Acres (16,000 Ha) in Indonesia. Very recently, another country has come forward to offer lands for the company and they are considering it too. All are for palm oil cultivation.

They are also to develop 1000 Acres of land in Sri Lanka, leisure and agriculture related business. They hope state of the art vegetable cultivation will be a good venture for the future.

As announced earlier, 15 Acre Navinna land will be converted into a top class International University affiliated to best Universities in UK to produce real graduates suited for the modern world. They have already started the initial work.

He also disclosed that - They are in the middle of acquiring an Insurance company, a Finance company and with their already functioning stock broker firm they are going to offer whole set of services under one roof at all the Arpico Super Centers in near future.

He invited honest, energetic, capable, initiative people to join the Group in the process of building international RICH.


41Exciting RICH - Page 2 Empty Re: Exciting RICH on Sun Jul 03, 2011 10:20 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Rolling on the floor laughing at the negative rep that someone has given me for RICH. I advocated getting out of RICH when the last quarter results came out. Give negative reps to your hearts content but it will not wipe out your loss :-)

And as for marketwatch, he forgot to mention what the positives are:
amiable wrote:Generally, in a diversified group time to time one or two subsidiaries can have issues .....that alone cannot determine every thing as long as overall prospects are satisfactory they continue to perform well. ....It is not possible to ignore all other positive aspects and discuss only a single issue. ..thereare so many good things..

He also forgot to mention why exactly RICH is attractive in the medium term. But then that's marketwatchs style. Positive reinforcement through cut and paste.

42Exciting RICH - Page 2 Empty Re: Exciting RICH on Sun Jul 03, 2011 11:20 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@tubal wrote:Rolling on the floor laughing at the negative rep that someone has given me for RICH. I advocated getting out of RICH when the last quarter results came out. Give negative reps to your hearts content but it will not wipe out your loss :-)

And as for marketwatch, he forgot to mention what the positives are:
amiable wrote:Generally, in a diversified group time to time one or two subsidiaries can have issues .....that alone cannot determine every thing as long as overall prospects are satisfactory they continue to perform well. ....It is not possible to ignore all other positive aspects and discuss only a single issue. ..thereare so many good things..

He also forgot to mention why exactly RICH is attractive in the medium term. But then that's marketwatchs style. Positive reinforcement through cut and paste.

To : Tubal

Overall performance of RICH is much better than what has been happening in the past. So why are you giving negative comments on RICH and advising to get rid of RICH?. Please let us know why... anything that we don't know ??... that you know..?? Please share your thoughts.

Also please account that from 1st April 2011 tax rate applicable to Corporations is 28%. So RICH and other companies getting tax reduction of 7%. RICH's performance can be enhanced by that tax savings too. And I really don't know whether plantation companies are getting even reduced tax rate than 28%. If its the case RICh is benefited from that too.

43Exciting RICH - Page 2 Empty Re: Exciting RICH on Sun Jul 03, 2011 11:23 pm

gann


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Going by the conversations it seems many are holding RICH. Hope you guys strike it RICH soon. my profile footer may be of some consolations till then Smile

44Exciting RICH - Page 2 Empty Re: Exciting RICH on Sun Jul 03, 2011 11:37 pm

Antonym


Vice President - Equity Analytics
Vice President - Equity Analytics
@gann wrote:Going by the conversations it seems many are holding RICH. Hope you guys strike it RICH soon Smile Read my profile footer for any consolations till then.
@gann: Buying this share quickly is the easiest way to get RICH quick.
I would imagine that it's exciting to be RICH. But Exiting from RICH is an entirely different matter! Wink

45Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 04, 2011 6:23 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@nkalansu wrote:
@tubal wrote:Rolling on the floor laughing at the negative rep that someone has given me for RICH. I advocated getting out of RICH when the last quarter results came out. Give negative reps to your hearts content but it will not wipe out your loss :-)

And as for marketwatch, he forgot to mention what the positives are:
amiable wrote:Generally, in a diversified group time to time one or two subsidiaries can have issues .....that alone cannot determine every thing as long as overall prospects are satisfactory they continue to perform well. ....It is not possible to ignore all other positive aspects and discuss only a single issue. ..thereare so many good things..

He also forgot to mention why exactly RICH is attractive in the medium term. But then that's marketwatchs style. Positive reinforcement through cut and paste.

To : Tubal

Overall performance of RICH is much better than what has been happening in the past. So why are you giving negative comments on RICH and advising to get rid of RICH?. Please let us know why... anything that we don't know ??... that you know..?? Please share your thoughts.

Also please account that from 1st April 2011 tax rate applicable to Corporations is 28%. So RICH and other companies getting tax reduction of 7%. RICH's performance can be enhanced by that tax savings too. And I really don't know whether plantation companies are getting even reduced tax rate than 28%. If its the case RICh is benefited from that too.

Who is asking anyone to sell now? I said you should have sold this about a month ago. Now you have automatically become a long term investor. You guys expected RICH to produce miracles but it didn't. That means the high PE you guys have allocated to it was unjustified. Additionally, RICH shot up like that because EPF bought in heavily and their execution was simply horrible.

As for tax rate, why should anyone by RICH just because the corporate tax rate has been reduced? It applies to all the companies (that do not happen to enjoy a tax holiday)

46Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 04, 2011 9:14 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@tubal wrote:
@nkalansu wrote:
@tubal wrote:Rolling on the floor laughing at the negative rep that someone has given me for RICH. I advocated getting out of RICH when the last quarter results came out. Give negative reps to your hearts content but it will not wipe out your loss :-)

And as for marketwatch, he forgot to mention what the positives are:
amiable wrote:Generally, in a diversified group time to time one or two subsidiaries can have issues .....that alone cannot determine every thing as long as overall prospects are satisfactory they continue to perform well. ....It is not possible to ignore all other positive aspects and discuss only a single issue. ..thereare so many good things..

He also forgot to mention why exactly RICH is attractive in the medium term. But then that's marketwatchs style. Positive reinforcement through cut and paste.

To : Tubal

Overall performance of RICH is much better than what has been happening in the past. So why are you giving negative comments on RICH and advising to get rid of RICH?. Please let us know why... anything that we don't know ??... that you know..?? Please share your thoughts.

Also please account that from 1st April 2011 tax rate applicable to Corporations is 28%. So RICH and other companies getting tax reduction of 7%. RICH's performance can be enhanced by that tax savings too. And I really don't know whether plantation companies are getting even reduced tax rate than 28%. If its the case RICh is benefited from that too.

Who is asking anyone to sell now? I said you should have sold this about a month ago. Now you have automatically become a long term investor. You guys expected RICH to produce miracles but it didn't. That means the high PE you guys have allocated to it was unjustified. Additionally, RICH shot up like that because EPF bought in heavily and their execution was simply horrible.

As for tax rate, why should anyone by RICH just because the corporate tax rate has been reduced? It applies to all the companies (that do not happen to enjoy a tax holiday)


Aggressive & Accurate Tubal... That's why i love this forum... We got so many people who are masters in the Investment field. Lets keep this goin on and on and on... lets make productive arguments like this... Lets make this forum better and better.. About RICH ... I think its a real BLUE CHIP.. A counter worth holding for long time, I think its a counter more suitable for a investment portfolio rather than trading portfolio... Diversified.. Controlled by a real good business men ( Dr Yaddehige ) , who is reputed , respected & visionary..

47Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 04, 2011 10:59 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Aamiable wrote:Medium term RICH seem to be attractive.

Medium term I would exit this share from what I have read from here if I have RICH! Then enter after few years time when their expansions are not putting a huge financial burdern on the Quarterly reports!

Lets face it no one is CSE going to appreciate a company that's going to produce weak quarterly reports in exchange for future RICHers!
From my small experience so far its better to buy the shares just before these future projects start making money! Until then there is a huge chance the share price might stagnate or g down because of the weak quarterly reports!

48Exciting RICH - Page 2 Empty Re: Exciting RICH on Tue Jul 05, 2011 10:04 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Chinwi, I am sure you will be very happy to read one of tomorrows newspaper articles (read daily news) but likewise you will be surprised and shocked in 2 weeks as to what you said!! Only time will tell you the truth!!!

49Exciting RICH - Page 2 Empty Re: Exciting RICH on Tue Jul 05, 2011 10:28 pm

antxster


Senior Equity Analytic
Senior Equity Analytic
Just wondering. To hold or not to hold this share? I bought this share @ Rs 13.80

50Exciting RICH - Page 2 Empty Re: Exciting RICH on Tue Jul 05, 2011 10:41 pm

mark

mark
Expert
Expert
@Quibit wrote:Chinwi, I am sure you will be very happy to read one of tomorrows newspaper articles (read daily news) but likewise you will be surprised and shocked in 2 weeks as to what you said!! Only time will tell you the truth!!!

Suspect Suspect
news paper isn't printed yet ne scratch

51Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 4:01 am

econ

econ
Global Moderator
herewe go.. news has printed.

http://www.dailynews.lk/2011/07/06/bus01.asp


Richard Pieris to invest US$ 80 m

On Indonesian palm oil plantation:

Ravi LADDUWAHETTY

Diversified blue chip Richard Pieris and Company will shortly invest US$ 80 million on a 16,000 hectare palm oil plantation in Indonesia.

“We are in the process of serious negotiations to take over 16,500 hectares of land in Indonesia, Richard Pieris Group Chairman Dr. Sena Yaddehige told Daily News Business.

Dr Sena Yaddehige

He said the company was in an advanced stage of negotiations because the initial commitment to the land is around US$15 million and that he was trying to risk manage this investment which will be invested by the Group. “The company will be getting effectively only 11,000 acres and the remainder will go in for land settlements,” he said.

“Richard Pieris has always been in plantations and palm oil has been an industry which we have always been passionate about. We have even over 2,500 hectares of palm oil plantations in Sri Lanka. We will add a further 1,000 hectares to this,” he said.

“We would like to increase it further but Sri Lanka does not have that volume of land.

He said that had the land been available in Sri Lanka, he would have opted to have the palm oil plantation expanded in Sri Lanka. “I would love to do another 5000 hectares of palm oil in Sri Lanka. I have also been offered another 65,000 hectares of land for palm oil cultivation in another country, he said. He was tightlipped with the destination of investment.

“I have a Memorandum of Understanding (MOU) for the 65,000 hectares but initial work will be the Indonesian operation, he said.

The principal aim of this palm oil plantation would be for export as palm oil is a unique dual use product. It can be converted into bio-diesel profitably with the price going upto US$80 per barrel and the market is extremely good with the number of mouths to be fed arising daily especially in India and China. After all this is the poor man’s ghee while it is also an important food product,” he said.

It is going to be really hard work with a US$700 million investment for the 100,000 hectares plantation and it is bound to take around 10 years. But that investment does not have to go in full time cash for a start. The project will start generating funds for reinvestment for the third year onwards and we will be doing 100,000 hectares annually for ten years, he said.

He also said that his dream was to make Richard Pieris, a billion dollar company but that would be a long term vision over the next five to ten year period. “We are at US$ 300 million now and the next target will be to make Richard Pieris a US$ 500 million group within the next two years,” he said.

The targeted US $ 1 billion for the group will comprise US$ 500 million locally and the second US$ 500 million from overseas. “I have an excellent team with me and I expect them to take the Group forward to reach these elusive targets,” he said.

52Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 4:05 am

econ

econ
Global Moderator
I hope this may end carsons monopoly in palm oil business.

53Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 4:09 am

econ

econ
Global Moderator
Yesterday massive foriegn buiyng was witnessed in JKH.. I think RICH may also be a target of foreign funds as RICH is highly liquid share.
foreign funds usually buy liquid counters with a good brand name.
comapre to JKH or carson, RICH is undervalued if you comapare PER values for all three counters.
RICH : 13.5 , JKH : 21.6 , CARS: 24.5


54Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 5:51 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It was due to force selling RICH came down, now there is no evidence of selling, like all other stacks RICH can recover slowly. After the subdivision many have collected at affordable levels on credit. Subdividing in to ten to to fifteen shares is also risky. In the past foreign buying was evident on this share. Broker firms also recommend large cap shares these days, RICH may take some time to recover. I am just holding . One day this might start moving. With new IPOs coming to CSE investors might concentrate on RCL SAMP this week. RICH may recover slowly.

55Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 6:31 am

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Chinwi wrote:Dr Sena Yaddehige made an exciting speech at RICH AGM today.

RICH is getting into Palm oil business, overseas.

He reviled that they have already acquired 150,000 Acres of land in some other country and finalizing for getting another 40,000 Acres (16,000 Ha) in Indonesia. Very recently, another country has come forward to offer lands for the company and they are considering it too. All are for palm oil cultivation.

Read Dr Yaddehiges's interview. Looks like he had forgotten about the 150,000 Acres he said to have already acquired for Palm planantion. Will he forget about the Insurance and Finance company he is going to buy or the university he is expected to setup?? When you lie, often you get caught in your own web of lies...

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Richard Pieris to invest US$ 80 m

Diversified blue chip Richard Pieris and Company will shortly invest US$ 80 million on a 16,000 hectare palm oil plantation in Indonesia.

“We are in the process of serious negotiations to take over 16,500 hectares of land in Indonesia, Richard Pieris Group Chairman Dr. Sena Yaddehige told Daily News Business.

He said the company was in an advanced stage of negotiations because the initial commitment to the land is around US$15 million and that he was trying to risk manage this investment which will be invested by the Group. “The company will be getting effectively only 11,000 acres and the remainder will go in for land settlements,” he said.

“Richard Pieris has always been in plantations and palm oil has been an industry which we have always been passionate about. We have even over 2,500 hectares of palm oil plantations in Sri Lanka. We will add a further 1,000 hectares to this,” he said.

“We would like to increase it further but Sri Lanka does not have that volume of land.

He said that had the land been available in Sri Lanka, he would have opted to have the palm oil plantation expanded in Sri Lanka. “I would love to do another 5000 hectares of palm oil in Sri Lanka. I have also been offered another 65,000 hectares of land for palm oil cultivation in another country, he said. He was tightlipped with the destination of investment.

“I have a Memorandum of Understanding (MOU) for the 65,000 hectares but initial work will be the Indonesian operation, he said.

The principal aim of this palm oil plantation would be for export as palm oil is a unique dual use product. It can be converted into bio-diesel profitably with the price going upto US$80 per barrel and the market is extremely good with the number of mouths to be fed arising daily especially in India and China. After all this is the poor man’s ghee while it is also an important food product,” he said.

It is going to be really hard work with a US$700 million investment for the 100,000 hectares plantation and it is bound to take around 10 years. But that investment does not have to go in full time cash for a start. The project will start generating funds for reinvestment for the third year onwards and we will be doing 100,000 hectares annually for ten years, he said.

He also said that his dream was to make Richard Pieris, a billion dollar company but that would be a long term vision over the next five to ten year period. “We are at US$ 300 million now and the next target will be to make Richard Pieris a US$ 500 million group within the next two years,” he said.

The targeted US $ 1 billion for the group will comprise US$ 500 million locally and the second US$ 500 million from overseas. “I have an excellent team with me and I expect them to take the Group forward to reach these elusive targets,” he said.

http://www.dailynews.lk/2011/07/06/bus01.asp

57Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 7:12 am

STOCK HUNTER

STOCK HUNTER
Senior Equity Analytic
Senior Equity Analytic
I heard that main reason is there are many RICH shires ....

any one who knows how can we find them (how many shares , who has

brought them etc)

thanks

58Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 7:24 am

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Shares (Millions) 1,937.492
ROE 38.216
52-Week Range 16.00 - 5.47
Earnings 0.881
Last Dividend Reported 0.100 Final
http://www.bloomberg.com/apps/quote?ticker=RICH:SL

59Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 7:32 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Quibit wrote:
@Chinwi wrote:Dr Sena Yaddehige made an exciting speech at RICH AGM today.

RICH is getting into Palm oil business, overseas.

He reviled that they have already acquired 150,000 Acres of land in some other country and finalizing for getting another 40,000 Acres (16,000 Ha) in Indonesia. Very recently, another country has come forward to offer lands for the company and they are considering it too. All are for palm oil cultivation.

Read Dr Yaddehiges's interview. Looks like he had forgotten about the 150,000 Acres he said to have already acquired for Palm planantion. Will he forget about the Insurance and Finance company he is going to buy or the university he is expected to setup?? When you lie, often you get caught in your own web of lies...

Note 65000 hectares = 160615 Acres.

If you approximate numbers from what Chinwi heard and the newspaper article, the contradiction is

“I have a Memorandum of Understanding (MOU)" Vs whether he has already acquired ?

It is good if one can know when the News Paper interview was held ( not the publishing date of the article) vs AGM date before we can figure out whether he is lying to get to the bottom of this.

Quibi:


@Quibit wrote:Chinwi, I am sure you will be very happy to read one of tomorrows newspaper articles (read daily news) but likewise you will be surprised and shocked in 2 weeks as to what you said!! Only time will tell you the truth!!!

If you know something special it would help to know now than waiting 2 weeks. Is this issue about MASK plantation wage situation?




60Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 7:39 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
RICH has reported good profits , good time to start collecting for couple of weeks and see.

61Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 9:13 am

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@STOCK HUNTER wrote:I heard that main reason is there are many RICH shires ....

any one who knows how can we find them (how many shares , who has

brought them etc)

thanks


Total Number of issued shares = 1,937.49 Million shares

Foreign Holding = 1,149.10 Million shares ( About 60% of total issued shares)

So locals are playing around with 788.39 Million shares

62Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 9:42 am

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
RICH shares - Lot of activity today

63Exciting RICH - Page 2 Empty Re: Exciting RICH on Wed Jul 06, 2011 11:50 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Over liquidity problem for the shares like RICH is a matter of time.

When there are lot of shares in the market, with lot of individuals, normally the prices are kept low due to over supply. When there is an upward trend the sellers flock in faster than in illiquid shares.

After few seasons when a company progress into its target stages the institutional and high net people come into action and most of the shares are deposited in their bins. Usually with improved ratios, prices go up and the share become non-high liquid. When floating numbers become low the prices go up further.

I can remember how the shareholders became angry when SAMP issued 1:1 rights @ 10/- in 1989. It was trading @ 22/- and after the announcement it fell to 10/- . Lot of shares invaded the market. People who bought it @ 22/- lost half of their value. Some of them were intelligent enough to buy rights @ 10/-. We know the value of SAMP now, including few bonus and splits.

I feel if you can select and collect a considerable amount of fundamentally sound , low priced share with high liquidity and forget it for years you may become a high-net worth person some day. All depend on your holding power . i.e., the cash flow available for other requirements in life.

64Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 12:02 am

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Too many shares in the market for rich causing problems

65Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 12:09 pm

Malan1986

Malan1986
Equity Analytic
Equity Analytic
@Marketinvest wrote:Too many shares in the market for rich causing problems
Is this worth to buy in current price??

66Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 4:08 pm

STOCK HUNTER

STOCK HUNTER
Senior Equity Analytic
Senior Equity Analytic
Mata nam dan RICH athi wela ........... No

67Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 4:25 pm

ssb

ssb
Manager - Equity Analytics
Manager - Equity Analytics
RICH keep make me Poor Smile
hope for best ,
but prepare for worse .
Hard Work

68Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 6:18 pm

schacha


Manager - Equity Analytics
Manager - Equity Analytics
What a share..!
Really fed up..

69Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 9:02 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@STOCK HUNTER wrote:Mata nam dan RICH athi wela ........... No


Hi friend...

In my opinion Richard Pieris & Company is a long term investment. ( 3 - 5 year) I do not think you could get quick gains from it. So if you have holding power. Please hold on. You will not regret.



Last edited by nkalansu on Thu Jul 07, 2011 9:03 pm; edited 2 times in total (Reason for editing : spelling mistakes)

70Exciting RICH - Page 2 Empty Re: Exciting RICH on Thu Jul 07, 2011 9:34 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
I a portfolio all stocks would not move at once…. Some take weeks to rebound others months. Some go down and recover. ….Others are stagnant,…. if the earnings are good after few months they pick up.
Smile

71Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 8:04 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Aamiable wrote:I a portfolio all stocks would not move at once…. Some take weeks to rebound others months. Some go down and recover. ….Others are stagnant,…. if the earnings are good after few months they pick up.
Smile

MarketWatch, why don't you just cut and paste your famous quote: 'Some shares will go up and some shares will go down over the coming days, weeks, months and quarters'

72Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 3:50 pm

mcyi9rt4


Senior Equity Analytic
Senior Equity Analytic
intresting talks thanks you to people who spoek i learnt somethings

73Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 9:18 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Some stocks went up today , some sold them and collected stocks like RICH at low levels.

74Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 9:23 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Aamiable wrote:Some stocks went up today , some sold them and collected stocks like RICH at low levels.

How do you know? Pls confirm.... is it just an opinion?

75Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 9:28 pm

antxster


Senior Equity Analytic
Senior Equity Analytic
Maybe someone is collecting secretly.

76Exciting RICH - Page 2 Empty Re: Exciting RICH on Fri Jul 08, 2011 9:43 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
in the PF which move up in the morning can be seen,….. some of us sell them at the optimum level as they often tend to come down towards afternoon, ……..replace those stock with a fundamentally sound medium term stocks, when they move up medium term go for another set of medium term stocks…. not interested on the business or the directors etc……. not fallen in love with any particular stock….. Not interested in becoming a fist twenty share holders or a director.

I do not want to mention specific stocks which I sold , that can hurt the feelings of investors who collect them.

77Exciting RICH - Page 2 Empty Re: Exciting RICH on Sat Jul 09, 2011 1:31 am

Aladin

Aladin
Senior Equity Analytic
Senior Equity Analytic
@antxster wrote:Maybe someone is collecting secretly.

10.60 would be the price as i see Sad But i too hold alot at 13 range :p

78Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 2:22 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Richard Pieris to transform Nawinna to global campus
Ravi LADDUWAHETTY
Richard Pieris Group will shortly transform its thirteen acre Nawinna property to an international university.

This transition will also mean that the head office of the Richard Pieris Group will be relocated at Hyde Park Corner while the industrial establishments within the Nawinna premises currently will be shifted to some of the Group’s industrial sites which are available now.

“We will be tying up with top end British universities and the selection will be made from Oxford, Cambridge, Imperial College (University of London), Edinburgh, Durham and Bristol universities, Richard Pieris Group Chairman Dr Sena Yaddehige told Daily News Business.

He has assigned three frontline Vice Chancellors of Sri Lankan universities to conduct negotiations with these universities and the tie up will be subject to only those universities willingness for a partnership.

“I am looking for the correct top-end universities where the graduates passing out of that will be able to rub shoulders with any of the graduates of the frontline universities in any part of the world,” he said.

“When I came to Sri Lanka for the first time, I realized that Nawinna was not the place for industry while I also saw for myself how ill-equipped Sri Lankan graduates were in terms of ability and confidence and that was why I decided to transform Nawinna into an international campus premises,” he said. He also noted that the investment and the infrastructure for the transition was hardly necessary and minimal in the light of the land and the buildings already there. “As for the industries within the Nawinna complex, all which are there will be shifted to the industrial locations of the Group which are already there and in place while the head office will be relocated at Hyde Park Corner,” he said.

http://www.dailynews.lk/2011/07/11/bus08.asp

79Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 2:54 pm

suja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think the news is still positive , Quibit any other reason. As for the acerage he has mentioned I am not sure if it is correct it too is good.

80Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 2:57 pm

lbnnirmal

lbnnirmal
Manager - Equity Analytics
Manager - Equity Analytics
Yes it's some sort of good new for the RICH share holders so lets wait and see wt will be hpn with in nxt week or two. hop market will turnover Laughing Laughing Laughing

81Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 3:11 pm

STOCK HUNTER

STOCK HUNTER
Senior Equity Analytic
Senior Equity Analytic
Ane manda eka eka news nam enawa

but share eka yannema

DOWn ne Sad

82Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 3:47 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
These are called "Fairy Tales".. I have heard enough of these.. during my teenage.
Chinwi.. Whats going to happen to the Insurance Company which RICH has been planning to purchase shortly. Looks like someone else had bought it?

83Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 4:55 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
I am experiencing one.
I am living in the Citrus dream world

4 star hotel in Waskaduwa , construction supposed to start in 2010 January
4 star hotel in Kalpitiya, construction supposed to start in 2010 January
40 room addition for Hikkaduwa hotel before very next winter ....

Still anything hasn't started.......
All are there as they were. These liars must be killed in next AGM

84Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 5:08 pm

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics
@sapumal wrote:I am experiencing one.
I am living in the Citrus dream world

4 star hotel in Waskaduwa , construction supposed to start in 2010 January
4 star hotel in Kalpitiya, construction supposed to start in 2010 January
40 room addition for Hikkaduwa hotel before very next winter ....

Still anything hasn't started.......
All are there as they were. These liars must be killed in next AGM
sorry sapumal.mistakenly i clicked -. tomorrow i will give you 2 +.I'm very sorry.

85Exciting RICH - Page 2 Empty Re: Exciting RICH on Mon Jul 11, 2011 5:18 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@kiri wrote:
@sapumal wrote:I am experiencing one.
I am living in the Citrus dream world

4 star hotel in Waskaduwa , construction supposed to start in 2010 January
4 star hotel in Kalpitiya, construction supposed to start in 2010 January
40 room addition for Hikkaduwa hotel before very next winter ....

Still anything hasn't started.......
All are there as they were. These liars must be killed in next AGM
sorry sapumal.mistakenly i clicked -. tomorrow i will give you 2 +.I'm very sorry.

It is ok buddy. I don't worry about reps. Smile

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