RICH worth holding?

SpaceCab · 1 RICH worth holding? Wed Feb 02, 2011 4:31 pm

SpaceCab

Stock Analytic

Posts : 19
Equity Stars : 4868
Reputation : -2
Join date : 2011-01-26

Hey fellas,

I bought RICH @ 13/= cupple of days ago, and the Results are supposed to be out on the 5th Feb. Do you guys think this will go up??? or down like BFL and other stocks after the results were out???

econ · 2 Re: RICH worth holding? Wed Feb 02, 2011 4:39 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8406
Reputation : 94
Join date : 2011-01-27

it is a good share. need to move if fundamentals work.. profit for this quarter should be up massively as rubber prices at all time high.

optimistic · 3 Re: RICH worth holding? Wed Feb 02, 2011 4:42 pm

optimistic

Manager - Equity Analytics

Posts : 118
Equity Stars : 5043
Reputation : 29
Join date : 2011-01-27
Age : 36
Location : Colombo

I think it is worth holding RICH. Quarter that ended in September it had a profit of about 434 million. I bet they did better than that on the quarter that ended in December. With their newly opened brokerage company, rapidly expanding supermarket chains, massive increase in the rubber prices, it shouldnt be a difficult task to post a profit of at least 500 million for December quarter. RICH is also the holding company of KGAL. So I'm sure they will benefit from that too. However, this is only my view and I may be biased because I hold a huge chunk of RICH shares.

mono · 4 Re: RICH worth holding? Wed Feb 02, 2011 4:46 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6273
Reputation : 93
Join date : 2011-01-21
Age : 102

econ wrote:it is a good share. need to move if fundamentals work.. profit for this quarter should be up massively as rubber prices at all time high.

Yeah i had a dream where they reported 680 million profits. Smile

but I'll settle for 500

Slstock · 5 Re: RICH worth holding? Wed Feb 02, 2011 4:55 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13355
Reputation : 1158
Join date : 2011-01-22

RICH is a blue chip company. With rubber rich KGAL and NAMU under the belt and more riches through the newly started stock brokeing company RICH will get richer. Also their supermarket chain should make them richer and other shoppers poorer during the festive season.

Last Quarter EPS was around rs 0.22. It should improve this quarter. Forward annualized EPS of 1 is well within target. being a diversified it will trade with a higher PE . This should go up further. If you have holding power this a defintely good share for the long run.

Gaja · 6 Re: RICH worth holding? Wed Feb 02, 2011 5:04 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

i also hold few thousands of RICH which cost me around 10.30/= I think they may be able to post at least 550 Million, if they make more i will be very happy i am holding this as a long term investment. With the expected expansion of Super markets and Entry to the Stock Brokering firm may bring additions to top & bottom lines .

Anyway if any of you want to invest do your own working before invest and decide. I am also waiting to see their quarterly report

hotstock · 7 Re: RICH worth holding? Wed Feb 02, 2011 5:12 pm

hotstock

Manager - Equity Analytics

Posts : 265
Equity Stars : 5200
Reputation : 3
Join date : 2011-01-27

@mono

May your dream come true !!

tubal · 8 Re: RICH worth holding? Wed Feb 02, 2011 5:18 pm

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6261
Reputation : 243
Join date : 2011-01-27

I am bullish on rich and I am holding a bit of it too. I am hoping for a great quarter.

But I don't expect them to get a big boost from super markets or their new stock brokerage. Super markets all over the world are low margin businesses. Things are no different here. Stock brokers will need a couple of years at least to get well established. No, they will get the profits from their major business; plantations.

Rocky · 9 Re: RICH worth holding? Wed Feb 02, 2011 8:04 pm

Rocky

Senior Manager - Equity Analytics

Posts : 572
Equity Stars : 5672
Reputation : 73
Join date : 2011-02-01

tubal wrote:I am bullish on rich and I am holding a bit of it too. I am hoping for a great quarter.

But I don't expect them to get a big boost from super markets or their new stock brokerage. Super markets all over the world are low margin businesses. Things are no different here. Stock brokers will need a couple of years at least to get well established. No, they will get the profits from their major business; plantations.

Please see my comments given pin the previous post..

salt · 10 Re: RICH worth holding? Wed Feb 02, 2011 8:55 pm

salt

Vice President - Equity Analytics

Posts : 1345
Equity Stars : 7796
Reputation : 90
Join date : 2011-01-31

I think it ahs a good future. Unless you hold on to a theam as long as you are sure about it, you wan't gain in equity market.

I have bought at big chunk at 13.90 and cost is just above Rs.14.00. no worries, if goes up beyond Rs18.00 will sell a little, unless i hold it for indefinte future

tubal · 11 Re: RICH worth holding? Wed Feb 02, 2011 9:42 pm

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6261
Reputation : 243
Join date : 2011-01-27

hybrid_OS wrote:
Please see my comments given pin the previous post..

?? you have not posted any messages in this thread.

$$$ · 12 Re: RICH worth holding? Wed Feb 02, 2011 10:42 pm

$$$

Senior Manager - Equity Analytics

Posts : 304
Equity Stars : 5196
Reputation : 24
Join date : 2011-01-27

Space cab

It's a good share to hold ....how ever most shares come down after financials due to the fact that the news has alreday leaked and the shares have begun their up ward journey weeks a head. Only if the results are a well guarded secret does it zoom no sooner the financials are out if the results are positive

Gaja · 13 Re: RICH worth holding? Thu Feb 03, 2011 11:24 am

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Seems to be good in demand so far more than 10.2 Million shares traded in 693 trades. Is the report going to be out today

Rocky · 14 Purchase of RICH when price was sky high Fri Feb 04, 2011 9:42 am

Rocky

Senior Manager - Equity Analytics

Posts : 572
Equity Stars : 5672
Reputation : 73
Join date : 2011-02-01

SpaceCab wrote:Hey fellas,

I bought RICH @ 13/= cupple of days ago, and the Results are supposed to be out on the 5th Feb. Do you guys think this will go up??? or down like BFL and other stocks after the results were out???

Despite the high price this share should do well. But you better place a SELL order immediately at the price you want as the market is very fickle and unpredictive. Next week we can see quarterly accounts of at least 3-40 companies and that is pretty heavy work! You better be quick and stay alert.

knowledge · 15 Re: RICH worth holding? Fri Feb 04, 2011 11:49 pm

knowledge

Stock Analytic

Posts : 16
Equity Stars : 4821
Reputation : -18
Join date : 2011-02-04

RICH is a very solid medium or long-term prospective. With their results out this should hit 15-16 easily, then go from there depending on how good the results really are. I for one expect RICH to release surprisingly good results shortly.

mono · 16 Re: RICH worth holding? Sun Feb 06, 2011 9:14 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6273
Reputation : 93
Join date : 2011-01-21
Age : 102

Well...

according to the chairman of RICH they plan to make 2.5 billion net profits for the year 2011 and 3 billion for the financial year 2011. I don't know how feasible this really is, but they should make around 1.8-2.0 million in profits giving them an EPS close to 1. so think this share can go a bit further.

Richard Pieris Group has set targets to achieve a net profit of Rs 2.5 billion by the end of this year, while expecting to exceed the net profit Rs three billion in 2011, Richard Pieris Group Chairman Dr Sena Yaddehige told Daily News Business.

http://investsrilanka.blogspot.com/2010/12/richard-pieris-to-building-luxury-hotel.html

Gaja · 17 Re: RICH worth holding? Mon Feb 07, 2011 1:08 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Will it stay at 15, or pass the todays highest of 15.40 with the results out

mono · 18 Re: RICH worth holding? Mon Feb 07, 2011 1:10 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6273
Reputation : 93
Join date : 2011-01-21
Age : 102

Gaja wrote:Will it stay at 15, or pass the todays highest of 15.40 with the results out

i think this will go past 16 in the next two days

Gaja · 19 Re: RICH worth holding? Mon Feb 07, 2011 1:13 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Passed 501 Million in Rs term

knowledge · 20 RICH Mon Feb 07, 2011 3:31 pm

knowledge

Stock Analytic

Posts : 16
Equity Stars : 4821
Reputation : -18
Join date : 2011-02-04

mono wrote:

Gaja wrote:Will it stay at 15, or pass the todays highest of 15.40 with the results out

i think this will go past 16 in the next two days

Fully agree, this should pass Rs16 shortly and maybe even go further than that within a week or two.

Slstock · 21 Re: RICH worth holding? Mon Feb 07, 2011 3:46 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13355
Reputation : 1158
Join date : 2011-01-22

knowledge wrote:

mono wrote:

Gaja wrote:Will it stay at 15, or pass the todays highest of 15.40 with the results out

i think this will go past 16 in the next two days

Fully agree, this should pass Rs16 shortly and maybe even go further than that within a week or two.

If chairmans annual profit estimates are reached it is a easily a Rs 20 share in the medium term. But his 2.5 profit estimate is a bit skeptical at this juncture. Let look at Dec quarter growth then we can figure out the feasibility around his estimate. Right now Rs 15-16 is a fair price for this blue chip conglomerate.

mono · 22 Re: RICH worth holding? Mon Feb 07, 2011 3:53 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6273
Reputation : 93
Join date : 2011-01-21
Age : 102

slstock wrote:

knowledge wrote:

mono wrote:

Gaja wrote:Will it stay at 15, or pass the todays highest of 15.40 with the results out

i think this will go past 16 in the next two days

Fully agree, this should pass Rs16 shortly and maybe even go further than that within a week or two.

If chairmans annual profit estimates are reached it is a easily a Rs 20 share in the medium term. But his 2.5 profit estimate is a bit skeptical at this juncture. Let look at Dec quarter growth then we can figure out the feasibility around his estimate. Right now Rs 15-16 is a fair price for this blue chip conglomerate.

Yeah his figures were 2.5 billion for the calender year 2011 & 3 billion for the fiscal year. That just looks overly optimistic. especially considering we're not talking about a jump from 100 million to 150 million we're talking billions here. that type of growth is difficult considering the size of this country

Gaja · 23 Re: RICH worth holding? Mon Feb 07, 2011 3:58 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

http://www.dailynews.lk/2011/02/07/bus07.asp

Gaja · 24 Re: RICH worth holding? Mon Feb 07, 2011 6:58 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

http://www.lbo.lk/fullstory.php?nid=441690384

Gaja · 25 Re: RICH worth holding? Mon Feb 07, 2011 6:59 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9662
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

http://vanguard1.vanguardlk.com/mmg/lbr_video.php?vt=LBR&vid=1532

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

RICH worth holding?

1 RICH worth holding? Wed Feb 02, 2011 4:31 pm

SpaceCab

2 Re: RICH worth holding? Wed Feb 02, 2011 4:39 pm

econ

3 Re: RICH worth holding? Wed Feb 02, 2011 4:42 pm

optimistic

4 Re: RICH worth holding? Wed Feb 02, 2011 4:46 pm

mono

5 Re: RICH worth holding? Wed Feb 02, 2011 4:55 pm

Slstock

6 Re: RICH worth holding? Wed Feb 02, 2011 5:04 pm

Gaja

7 Re: RICH worth holding? Wed Feb 02, 2011 5:12 pm

hotstock

8 Re: RICH worth holding? Wed Feb 02, 2011 5:18 pm

tubal

9 Re: RICH worth holding? Wed Feb 02, 2011 8:04 pm

Rocky

10 Re: RICH worth holding? Wed Feb 02, 2011 8:55 pm

salt

11 Re: RICH worth holding? Wed Feb 02, 2011 9:42 pm

tubal

12 Re: RICH worth holding? Wed Feb 02, 2011 10:42 pm

$$$

13 Re: RICH worth holding? Thu Feb 03, 2011 11:24 am

Gaja

14 Purchase of RICH when price was sky high Fri Feb 04, 2011 9:42 am

Rocky

15 Re: RICH worth holding? Fri Feb 04, 2011 11:49 pm

knowledge

16 Re: RICH worth holding? Sun Feb 06, 2011 9:14 pm

mono

17 Re: RICH worth holding? Mon Feb 07, 2011 1:08 pm

Gaja

18 Re: RICH worth holding? Mon Feb 07, 2011 1:10 pm

mono

19 Re: RICH worth holding? Mon Feb 07, 2011 1:13 pm

Gaja

20 RICH Mon Feb 07, 2011 3:31 pm

knowledge

21 Re: RICH worth holding? Mon Feb 07, 2011 3:46 pm

Slstock

22 Re: RICH worth holding? Mon Feb 07, 2011 3:53 pm

mono

23 Re: RICH worth holding? Mon Feb 07, 2011 3:58 pm

Gaja

24 Re: RICH worth holding? Mon Feb 07, 2011 6:58 pm

Gaja

25 Re: RICH worth holding? Mon Feb 07, 2011 6:59 pm

Gaja

26 Re: RICH worth holding?

Sponsored content

New topics