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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
RICH.N0000  (Richard Pieris and Company PLC) - Page 3 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    RICH.N0000 (Richard Pieris and Company PLC)

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    RICH.N0000  (Richard Pieris and Company PLC) - Page 3 Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

    Post by Backstage Mon Mar 06, 2017 12:42 pm

    Exodus continues as Richard Pieris’ longstanding Director Paul Ratnayeke quits


    Richard Pieris and Company Plc’s longstanding Director and senior corporate lawyer Paul Ratnayeke resigned last week completing what corporate analysts described as a “mass exodus” of directors from the Board since July last year.

    Previously longstanding Independent Non-Executive Director Prof. Lakshman R. Watawala, Independent Non-Executive Directors Prof. Kapila Goonasekera and Dr. Anura Ekanayake resigned.

    Dr. Ekanayake, Prof. Watawala and Prof. Goonasekera served in the Related Party Transactions Review Committee as well as the Audit Committee. The trio served in the Nominations Committee and Dr. Ekanayake and Prof. Watawala served in the Remuneration Committee.

    In FY 2015/16, corporate analysts were surprised by RPC subsidiary Kegalle Plantations declaring an unusually high Rs. 45 per share dividend amounting to Rs. 1.125 billion despite a dip in profits.





    Following the exits, the remaining Directors on the RPC Board are Dr. Sena Yaddehige (Chairman), his son Shaminda Yaddehige (Executive Director and Chief Operating Officer), Sunil Liyanage and V. Perera while H.J. De Costa is the only remaining Independent Non-Executive Director with Prasanna Fernando and J.C. Korale being Independent Directors.

    For the nine months ended 31 December 2016, RPC Group turnover grew by 13% to Rs. 36.3 billion and operating profit by 22% to Rs. 3.8 billion. Post-tax profit was up 34% to Rs. 2.5 billion and net profit attributable to equity holders of the parent rose by 27% to Rs. 2.28 billion.

    Last week Fitch Ratings affirmed Richard Pieris & Company Plc’s (RICH) National Long-Term rating at ‘A(lka)’ with a Stable Outlook. Fitch has also affirmed the national ratings on RICH’s outstanding senior unsecured debentures at ‘A(lka)’. RICH’s rating reflects the group’s strong diversification and market leadership in most end-markets and its established operations, Fitch added.
    කිත්සිරි ද සිල්වා
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    RICH.N0000  (Richard Pieris and Company PLC) - Page 3 Empty Re: RICH.N0000 (Richard Pieris and Company PLC)

    Post by කිත්සිරි ද සිල්වා Mon Mar 06, 2017 1:34 pm

    Thanks Backs.  Very Happy
    Rats jumping off ship is considered a bad sign.
    Recently RICH gave out a reasonably good dividend.
    Is it a case of that we do not see something yet, where insiders have access and should we be alarmed ?
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    Post by Backstage Mon Mar 06, 2017 1:39 pm

    Don't know the inside story, but Yaddehige apears to be a bit cowboyish.
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    Post by Backstage Mon Mar 06, 2017 1:45 pm

    SEC had also called him for an investigation into a share transaction, last known he asked to be excused on health issues from abroad.
    කිත්සිරි ද සිල්වා
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    Post by කිත්සිරි ද සිල්වා Mon Mar 06, 2017 1:53 pm

    කව්බෝයි යක්කුන්ට ඉතින් දෙහි කැපුවත් වැඩක් වෙන්නේ නැහැ නේ ! Very Happy
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    Post by Backstage Mon Mar 06, 2017 2:11 pm

    Deviating from topic, but I couldn't resist it.

    Sri Lanka short of cowboys
    Feb 26, 2017

    ECONOMYNEXT - Sri Lanka's state-run National Livestock Development Board (NLDB), is facing a severe shortage of farmworkers, Chairman H W Cyril said amid broader labour shortfalls in other sectors of the economy.

    "We have 500 vacancies for farm workers in our farms," Cyril told a forum in Colombo, organized by Fonterra, a New Zealand based dairy firm.

    "It is very difficult to find a person to work in farms. One thing is the salary is low."

    Sri Lanka has followed a policy of depreciating the currency after printing money to push up inflation which has destroyed real salaries of people, making people poor despite having a job.

    As a result even people with jobs try to go to the Middle East to earn a living wage, critics say.

    Unlike in countries like Vietnam which also had a central bank similar of worse than Sri Lanka until recently, there is no widespread practice of denominating salaries in US dollars to escape currency depreciation.

    Currency depreciation also destroys real capital, making it difficult to find funds to make investments that boost labour productivity, making it possible to pay higher real wages.

    In addition to cattle, NLDB also farms chicken, goats and pigs.

    Perceptions and social status is a key factor in the lack of farmworkers, which analysts say could be compounded by the low real wages.

    "They do not want to get their hands dirty with cow dung or mud - especially young people," Cyril said.

    "In Sri Lanka you have a low social status if you say you look after cattle. But in the West, cowboys have a high social status, but a cowherd here has no such label."

    Mechanizing farms has helped.

    Cyril said there was no problem with finding workers to operate tractors, combined harvesters or milking machines.

    Sri Lanka's unemployment has fallen during the last decade partly due to stronger domestic activity especially in services generating shortages in low paid jobs across sector.

    Low wage export manufacturing firms are also facing labour shortages as are rice farms in the East of the country and the construction sector.

    Foreign guest workers including from India and Nepal are coming to fill the void, officially and unofficially. (Colombo/Feb25/2017)
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    Post by yellow knife Mon Mar 06, 2017 2:17 pm

    Like your language twisting with two above posts..

    SL lacks both cow boys and Independent Directors who knows what is expected from them... or cow boys don't like the job and do the directors...


    I often understand like above..

    When religion says earth is flat and when science says earth is round I find the paradox...

    But I understand how the religious scientist think.. " Some parts of the earth is flat and some parts are round "
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    Post by කිත්සිරි ද සිල්වා Mon Mar 06, 2017 5:59 pm

    Anyone here got the RICH (VPEL as well) dividend cheque already ?
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    Post by Rana Mon Mar 06, 2017 6:39 pm

    Today I got my VPEL cheque
    කිත්සිරි ද සිල්වා wrote:Anyone here got the RICH (VPEL as well) dividend cheque already ?
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    Post by poor boy Mon Mar 06, 2017 11:03 pm

    rcvd letter dated 02/03/2017 for vpel dividend but still(06/03/17) it has not gone to the bank.not rcvd RICH yet.
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    Post by yellow knife Tue Mar 07, 2017 7:10 am

    Librarians reminder...

    Can we confine Rich to Rich only.... ( No VPEL please... for that we have another thread )

    ( I too received the notices of both and yet to get SMS from my Current Account )
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    Post by කිත්සිරි ද සිල්වා Tue Mar 07, 2017 8:20 am

    Thanks guys ! Very Happy
    (Now most of us are RICH thanks to RICH).
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    Post by Ethical Trader Tue Mar 07, 2017 10:11 am

    I disposed RICH long ago, hence missed the fat dividend. Thanks guys for interesting comments.?Can an expert comment on the current saga.
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    Post by කිත්සිරි ද සිල්වා Tue Mar 07, 2017 10:15 am

    Am no expert but despite the reported mass exodus, some people are still keen holding RICH (show a bit of appreciation right now). Very Happy
    Ethical Trader wrote:Can an expert comment on the current saga.
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    Post by Rajapaksap Tue Mar 07, 2017 10:16 am

    Rana wrote:Today I got my  VPEL cheque  
    කිත්සිරි ද සිල්වා wrote:Anyone here got the RICH (VPEL as well) dividend cheque already ?

    I got both (RICH and VPEL)couple of days ago.
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    Post by Rana Tue Mar 07, 2017 10:18 am

    or  else  we can use below  link to ask  about  dividend  cheques and etc(just a suggestion)
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    yellow knife wrote:Librarians reminder...

    Can we confine Rich to Rich only.... ( No VPEL please... for that we have another thread )

    ( I too received the notices of both and yet to get SMS from my Current Account )
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    Post by yellow knife Tue Mar 07, 2017 10:21 am

    good point
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    Post by Ethical Trader Tue Mar 07, 2017 10:45 am

    Yes Kith. There appears to be improvements but what is behind this sudden exodus?

    As per 2015/16 accounts-
    EPS Rs: 1.05
    NAV Rs: 5.34
    2016/17 accounts will be out after the current quarter ending 31st March

    As per 31/12/16 interim report-
    9 months EPS 1.12
    3 months EPS 0.41

    Current market price around Rs: 8.00

    Interim dividend declared 0.60 (7.2% yield @ current prices!)

    Their cash flow may easily allow such dividend payment easily.

    Differences of opinions among directors may have prompted the exodus but what is it?

    කිත්සිරි ද සිල්වා wrote:Am no expert but despite the rep
    orted mass exodus, some people are still keen holding RICH (show a bit of appreciation right now). Very Happy
    Ethical Trader wrote:Can an expert comment on the current saga.
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    Post by Backstage Tue Mar 07, 2017 11:29 am

    There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
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    Post by Ethical Trader Tue Mar 07, 2017 12:23 pm

    Yes, it looks serious when watchdogs leave.
    Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
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    Post by කිත්සිරි ද සිල්වා Tue Mar 07, 2017 12:28 pm

    More of an ethical issue and I believe government watchdogs have more teeth to deal with any suspicious issues. Very Happy
    Ethical Trader wrote:Yes, it looks serious when watchdogs leave.
    Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
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    Post by Ethical Trader Tue Mar 07, 2017 3:29 pm

    As Back says fat Kgl dividend may be one reason.
    කිත්සිරි ද සිල්වා wrote:More of an ethical issue and I believe government watchdogs have more teeth to deal with any suspicious issues. Very Happy
    Ethical Trader wrote:Yes, it looks serious when watchdogs leave.
    Backstage wrote:There is a mention above of the large Kgll dividend. All leaving seem to have been on audit committee and professionals with reputations to protect.
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    Post by කිත්සිරි ද සිල්වා Thu Mar 09, 2017 9:43 am

    "Rats jumping ship" is a good omen, it seems now. Very Happy
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    Post by yellow knife Fri Mar 10, 2017 7:27 am

    Rich often become Filthy Rich...

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    Post by Backstage Fri Mar 10, 2017 11:49 am

    Apart from the going ons at the top, the companies all appear to be well run and profitable, right ?

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