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Sri Lanka Equity Forum » Stock Market Talk » Stock Market Research » Exciting RICH

Exciting RICH

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101Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 10:53 am

early


Manager - Equity Analytics
Manager - Equity Analytics
@nkalansu wrote:Hi guys........(Chinwi and early)

Thanks for your calculations. +points for you two from me.

It appears that RICH is about to receive an capital gain in excess of Rs. 1.0 Billion.

It may off set any cash shortages due to plantation sector wage hikes i think and expedite expansion of core business sectors.

Thanks for the +point nkalansu.Happy to have done the analysis.

Cheers.

102Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 10:59 am

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Thanks nakalansu.

"It may off set any cash shortages due to plantation sector wage hikes i think and expedite expansion of core business sectors. " - good point . thanks.

103Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 11:10 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Chinwi wrote:
@nkalansu wrote:
I think companies like RICH are far better than companies like SOFT where they cheat people.

I think RICH is a good stock to buy. It cannot be manipulated since number of shares is large. Also at a very attractive prices. Also is genuine company involved in ethical business practices. Not like some who give PP people share at Rs. 7.20 and rip off general public by offering at Rs. 29/=.

Leaving AAIC to SOFT while getting over 1 billion is the best thing I heard. (if sold actually).
It is good RICH develop its own insurance suited to their tradition .
SOFT got AAIC with cash outflow of 2.4 billion while RICH getting 1.2 billion in. I like that. cash in hand is at best these days.

Both ACAP and RICH are the winners.

As you said people at RICH have no time or need to manipulate. Now I should see the debt-equity situation in SOFT and RICH .. ..


Capital gains would be more. Coz RICH is planning to sell AAIC shares at a price above Rs 170/=. But setting up a insurance company according to IBSL regulation requires minimum of Rs750 mn. Also turn insurance company into profit it will take minimum 5 years. It took more than 5 years for AAIC. With the increaed competition from many new companies situation is going to different now.


Also all fires known to be regular occurance at Richard Peiris factories now will have to be born by RICH themselves. If you look at the RICH contribution to AAIC over last 10 years, their claims were more than the premium paid. (genuine company involved in ethical business)

Also when calculating capital gains, you have to take into consideration the profits consolidated during previous years.

104Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 11:46 am

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Quibit wrote:
@Chinwi wrote:
@nkalansu wrote:
I think companies like RICH are far better than companies like SOFT where they cheat people.

I think RICH is a good stock to buy. It cannot be manipulated since number of shares is large. Also at a very attractive prices. Also is genuine company involved in ethical business practices. Not like some who give PP people share at Rs. 7.20 and rip off general public by offering at Rs. 29/=.

Leaving AAIC to SOFT while getting over 1 billion is the best thing I heard. (if sold actually).
It is good RICH develop its own insurance suited to their tradition .
SOFT got AAIC with cash outflow of 2.4 billion while RICH getting 1.2 billion in. I like that. cash in hand is at best these days.

Both ACAP and RICH are the winners.

As you said people at RICH have no time or need to manipulate. Now I should see the debt-equity situation in SOFT and RICH .. ..


Capital gains would be more. Coz RICH is planning to sell AAIC shares at a price above Rs 170/=. But setting up a insurance company according to IBSL regulation requires minimum of Rs750 mn. Also turn insurance company into profit it will take minimum 5 years. It took more than 5 years for AAIC. With the increaed competition from many new companies situation is going to different now.


Also all fires known to be regular occurance at Richard Peiris factories now will have to be born by RICH themselves. If you look at the RICH contribution to AAIC over last 10 years, their claims were more than the premium paid. (genuine company involved in ethical business)

Also when calculating capital gains, you have to take into consideration the profits consolidated during previous years.


Having cash is important at this point. Rs. 1.2 Bn is a big amount.

The best thing RICH should do is wait till the market gets in to positive territory and get a best price.

RICH must have planned to sell AAIC at Rs. 170/= since they were not in a hurry to sell I think. SOFT on the other hand had their deadlines...... I think they did allow VONE to be traded before SOFT so that they could make the announcement to the market in order to improve prices in the first day trading. But it failed.

Soft lost investor confidence, soft lost reputation and they lost cash too by buying AAIC. I think the IPO funds will surely go for this acquisition. What were they planning to do with the IPO funds as disclosed in the prospectus? Purchase AAIC?

Please provide information that prove to us that the premium paid by RICH to AAIC is higher than the claims made by them. That we like to know.

It appears that RICH group has given big contracts to AAIC. They are about to lose it now.



Last edited by nkalansu on Thu Jul 14, 2011 12:51 pm; edited 2 times in total (Reason for editing : Removed inappropriate words)

105Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 12:20 pm

innam


Manager - Equity Analytics
Manager - Equity Analytics
interesting comment about Richiard Pieris and factory fires

a quick google search turned up 3 fires over the past 5 years (damages may have been around 350 million)
1)a non operational factory owned by Arpico Natural Foam burnt down in 2007
http://vanguard1.vanguardlk.com/lbo/fullstory.php?nid=240051681
2) factory building belonging to Arpico Industrial Development Company destroyed in 2006
http://sundaytimes.lk/061105/FinancialTimes/ft13.3.html
3)foam rubber factory owned by Richard Piris Natural Foam extensively damaged in 2005
http://www.island.lk/2005/01/30/business17.html

they say their mattresses are fire retardent maybe they need to make their factories fire retardent as well. at least no fires in the recent past.

Note that i'm just pointing out the reccurrence of fires in RP factories, i don't want to get into a discussion about the pros and cons of the share

106Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 12:42 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
To : innam

Thanks for the information about factory fires. +rep to you.

It is really good that there were no fires during the last 3 - 4 years.

107Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 5:05 pm

godfrey


Stock Trader
any idea about dividend????



Last edited by godfrey on Thu Jul 14, 2011 5:06 pm; edited 1 time in total (Reason for editing : s)

108Exciting RICH - Page 6 Empty Re: Exciting RICH on Thu Jul 14, 2011 5:10 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Dear brother,
Already announced and paid. I got my cheque yesterday. You will recieve it soon I believe.

109Exciting RICH - Page 6 Empty Re: Exciting RICH on Sat Jul 30, 2011 7:49 am

Aamiable


Vice President - Equity Analytics
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.

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.



I also think of medium term investments.... Smile Smile

110Exciting RICH - Page 6 Empty Re: Exciting RICH on Sat Jul 30, 2011 1:44 pm

Investor99


Manager - Equity Analytics
Manager - Equity Analytics
One risk is that Palm oil is not an industry that is environment friendly, more reading material on Palm oil

http://www.rspo.org/

111Exciting RICH - Page 6 Empty Re: Exciting RICH on Sun Jul 20, 2014 11:14 am

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
Is it still exciting?

112Exciting RICH - Page 6 Empty Re: Exciting RICH on Mon Jul 13, 2015 1:26 pm

SUSPENS

SUSPENS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Compare to 2011..where we are ????

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Stock Trader
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