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RICH.N000 is heating up. 93409451_1097484607274181_2076022298501971968_o.jpg?_nc_cat=100&_nc_sid=ca434c&_nc_ohc=FU1XDWUMQnUAX_oo45S&_nc_oc=AQm1V74gISwR0cIabzb4-Qw8wG5n0XskuHq1DMfh5tqy1AkwJ8mrFmBZywxpzI81jEI&_nc_ht=scontent.fcmb3-1
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Sri Lanka Equity Forum » Stock Market Talk » RICH.N000 is heating up.

RICH.N000 is heating up.

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1RICH.N000 is heating up. Empty RICH.N000 is heating up. on Fri Aug 21, 2020 12:12 pm

Lawa


Equity Analytic
Equity Analytic
Fundamentally strong, good financial figures. If it canovercome the liquidation this is one of the hidden gems in the market. Will reach 13-14 with the announcement of dividend.
Cheers ..

2RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 1:19 pm

Mithooshan


Manager - Equity Analytics
Manager - Equity Analytics
Is it worth at 11.30 ?

3RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 1:32 pm

Lawa


Equity Analytic
Equity Analytic
Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.

Mithooshan likes this post

4RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 1:36 pm

Mithooshan


Manager - Equity Analytics
Manager - Equity Analytics
Yes, i am. Thanks for the infor Lawa.

5RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 1:44 pm

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Yes, i am. Thanks for the infor Lawa.
If you're new to this please refer figures belated to share analysis like EPS, BOOK VALUE, .. There are many YouTube channels even in Sinhala . Make your own decisions coz most of us are biased on the shares we've picked. And some are long term waiters while some need quick buck. 
Happy trading. 
Cheers ..

Mithooshan and Sharaj like this post

6RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 1:52 pm

Nandun


Equity Analytic
Equity Analytic
@Lawa wrote:Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.
Are there any expectations near dividend payment?

7RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 2:34 pm

Lawa


Equity Analytic
Equity Analytic
Open 10.70 closed 11.80

Mithooshan likes this post

8RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 2:36 pm

Mithooshan


Manager - Equity Analytics
Manager - Equity Analytics
Actually irrespective of dividend it was a good buy !
Thanks Lawa 🙏🏾

9RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 3:40 pm

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Actually irrespective of dividend it was a good buy !
Thanks Lawa 🙏🏾
Anytime Shan. 
Cheers..

10RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Aug 21, 2020 6:22 pm

Lawa


Equity Analytic
Equity Analytic
@Nandun wrote:
@Lawa wrote:Are you new to this? Refer the financials before you invest.  The price was stagnated for some time and now it's moving. This normally reaches to 13 near the dividend XD date.
Are there any expectations near dividend payment?
Yeh. We expect the price to go up near the XD date. RICH hasn't given a dividend yet.

11RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Aug 22, 2020 12:33 am

Teller

Teller
Moderator
Moderator
Its very difficult to RICH to give a dividend this time but surely REXP will do it


_________________




Teller said is said..

Mithooshan likes this post

12RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Aug 22, 2020 12:59 pm

gihanmig


Stock Trader
Why RICH.N priced up immediately?

Mithooshan likes this post

13RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Aug 22, 2020 7:27 pm

Mithooshan


Manager - Equity Analytics
Manager - Equity Analytics
Thanks for sharing your thoughts with us Teller. Can you please give us an indication as to why you think it is difficult to declare a dividend (may be they will give a script dividend?)

Lawa, do you agree with teller or have a different opinion regarding dividend ?

I see two reasons for your question Gihan,
1) One reason for market price to increase is dividend expectation but when i checked investing.com the peiod on which they provide dividend is different. However, for the last F/Y they have not paid a dividend yet. So it is possible that market price went up with an expectation for dividend soon.

2. They are yet to publish Annual Report for 2019/20 but considering Covid they have reported a descent turnover based on the turnover value mentioned in the disclosure. So another reason could be expectation of a favourable annual report in the coming week.

If Lawa shares his\her views on Tellers’s opinion you will be able get better clarity on the matter.



Last edited by Mithooshan on Sat Aug 22, 2020 7:51 pm; edited 1 time in total

14RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Aug 22, 2020 7:49 pm

Lawa


Equity Analytic
Equity Analytic
@Mithooshan wrote:Thanks for sharing your thoughts with us Teller. Can you please give us an indication as to why you think it is difficult to declare a dividend (may be they will give a script dividend?)

Lawa, do you agree with teller or have a different opinion regarding dividend ?

Gihan based on this thread, the reason for  market price to increase is dividend but when i checked investing.com the peiod on which they provide dividend is different. However, for the last F/Y they have not paid a dividend yet. So it is possible that market price went up with an expectation for dividend soon.
(Not sure whether there was any other reason driving share price to move up)

If Lawa shares his\her views on Tellers’s opinion you will be able get better clarity on the matter.
They'll never give a scrip coz liquidity is already sky high. That's the only issue with this. All of their diversified sectors performed well in the previous quarter. This sudden trend has only one reason IMHO .. DIVIDEND !! 
Cheers ..

Mithooshan likes this post

15RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Aug 22, 2020 7:51 pm

Mithooshan


Manager - Equity Analytics
Manager - Equity Analytics
Thank you Lawa, oh yes, their liquidity is high indeed so script dividend is out.

16RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Fri Sep 18, 2020 2:24 pm

Lawa


Equity Analytic
Equity Analytic
About to break the next price ceiling ..14

17RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Mon Sep 21, 2020 12:40 pm

Lawa


Equity Analytic
Equity Analytic
Just as predicted..  Very Happy

reyaz likes this post

18RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Thu Sep 24, 2020 11:47 am

Lawa


Equity Analytic
Equity Analytic
As I already predicted in August this share has room to grow more than Rs.30 in the coming days. Fundamentally strong, good financial figures. If it canovercome the liquidation this is one of the hidden gems in the market. Will reach 30 levels with the announcement of dividend.

sak likes this post

19RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Sep 26, 2020 8:57 pm

Lawa


Equity Analytic
Equity Analytic
Dividend announced .. Another successful prediction ..  cheers cheers

20RICH.N000 is heating up. Empty Re: RICH.N000 is heating up. on Sat Sep 26, 2020 10:16 pm

Zee


Stock Analytic
Stock Analytic
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