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RICH.N0000 (Richard Pieris and Company PLC)

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AjithR
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කිත්සිරි ද සිල්වා
yellow knife
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The Investor Sentiment - Equity and investments forum for Sri Lankans :: Equities :: Industry Analysis :: Diversified
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yellow knife
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RICH.N0000 (Richard Pieris and Company PLC) Empty RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:16 pm
Message reputation : 100% (10 votes)
Like many other diversified businesses Richard Pieris company is also incorporated before 1948. The first business of the company which was a filling station started in 1932. Revenue grew by more than 400% in the first five years. The issued capital was Rs 50,000 and that was enough to provide jobs for 70 employees.

Today the company is well managed by Dr Sena Yaddehige and the team.

Revenue of the company is raised from 6 main categories..

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Last edited by Admin on Thu Dec 26, 2019 8:47 am; edited 1 time in total (Reason for editing : Standardised title)
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yellow knife
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:18 pm
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Profit contribution is not based on Revenue contribution. Plantation sector contribute to 19% of revenue but only 4% of Profit.

Its mirror effect is represented by Finance Sector where revenue contribution is mere 3% but profit contribution is 24%

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:19 pm
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Following chart will provide a close picture of sector-wise importance of Revenue and Profit

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:21 pm
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When Revenue is compared with other Diversified companies Aitkenspence and Richard move in a very close journey...

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:22 pm
Message reputation : 100% (4 votes)
but not profit-wise. Richard has failed to prove consistency in profitability targets

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:23 pm
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Net Assets and Market Value is shown below

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:27 pm
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Revenue growth fits into the trend line.. However profitability is fluctuating...Higher exposure to Plantation sector can be a reason..

The strict cost controlling can be seen even with the way the annual reports are printed.. Most of annual reports of the company is in black and white compared to many colourful annual reports of even small hotels like Hunnas and Ramboda..

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:29 pm
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Debt to Equity ratio is managed within a controllable level

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:31 pm
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Dividend per share shows that dividends are paid when the company makes positive earnings..

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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:32 pm
Thanks YK.
Very enlightening.
(Hold a sizeable portion of this in my Pf).
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 5:39 pm
Thank U YK Sir..Good One,more likes from me Smile
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 6:11 pm
This was one of my favourites earlier, but gloomy future of plantations kept me away from this, but it looks like other sectors are showing signs of growth, Retail and Financial
කිත්සිරි ද සිල්වා
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Mon Aug 10, 2015 6:32 pm
Yes, retail & financial are good and wondering when would they surprise us again for this year. Very Happy
HAL9000 wrote:This was one of my favourites earlier, but gloomy future of plantations kept me away from this, but it looks like other sectors are showing signs of growth,  Retail and Financial
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 7:11 pm
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Superb presentation YK Very Happy
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 7:55 pm
Thanks YK
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 9:26 pm
Thanks for your time & effort. +
I'm following the whole series.
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 9:53 pm
Hope it is about time for them to surprise us with a good announcement. Very Happy
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 11:22 pm
Thx YK. Very useful.
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http://sharemarket-srilanka.blogspot.co.uk/
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Tue Aug 11, 2015 11:39 pm
Really appreciate YK.
Thanks a lot.
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Wed Aug 12, 2015 5:22 am
Message reputation : 100% (1 vote)
Superb YK.Many likes.
Lovely presentation and make life so easy.
Wish Kith's dream come true. Smile Very Happy
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RICH.N0000 (Richard Pieris and Company PLC) Empty thanks a lot

Wed Aug 12, 2015 8:24 am
thanks
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Wed Aug 12, 2015 9:44 am
Nice presentation YK. Thanks.
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Sat Nov 21, 2015 12:33 pm
Message reputation : 100% (1 vote)
will 02 years tax relief for the plantation companies apply for NAMU,KGAL and MASK? will it come through to RICH??
what 's the impact of the new implication of exporting value added tea?

also I heard RK request local manufacturers to use local rubber as much as possible.
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Sat Nov 21, 2015 12:39 pm
Why RICH is silent still ? Very Happy
(Calm before the storm).
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RICH.N0000 (Richard Pieris and Company PLC) Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

Sat Nov 21, 2015 7:41 pm
Message reputation : 100% (1 vote)
Removal of VAT on wholesale and retail also will give them considerable savings
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