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Impending Breakout
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Eagles
Member |
25-Mar-2009 20:10
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ROTARY ENGINEERING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 198000255E) PROPOSED ADOPTION OF A NEW SET OF MEMORANDUM AND ARTICLES OF ASSOCIATION AND SHARE BUY-BACK MANDATE The Board of Directors (“Board”) of Rotary Engineering Limited (“Company”) is pleased to announce the following proposals by the Company: (a) the adoption of a new set of Memorandum and Articles of Association (“M&A”); and (b) the adoption and implementation of a Share Buy-Back Mandate.http://rotary.listedcompany.com/newsroom/20090325_172219_R07_361157A291DB6A624825757F002AEA9A.1.pdf ----------------------------------------------------------------------------------- One clever deployment of cash horde to enhance/protect shareholders' value!  |
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Eagles
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24-Mar-2009 08:01
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Net cash is S$160M, not USD....but still very rare for a Singapore company. The surge in Crude price argus well for such OIl&Gas enginnering company.
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Eagles
Member |
24-Mar-2009 07:38
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Agreed there will be breakout soon............This oil and gas play has USD160M net cash - for a Singapore counter (surely better than Scandal-Chips). Cash per share is already 27.7cents and now trading 28cents!!!! ALso order books S$480M already ensure another S$50M-S$100M addiiotnal cash next year. Buy now at 28.5, get div 2.5! |
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ten4one
Master |
25-Feb-2009 09:28
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In this difficult environment, a slight drop in profit as compared to previous year is, imo, a good result! More over, you still will receive a dividend of 2.3c. Most important is the order book is still strong and expanding. The Company has got no debt and Cash balance of $157mn. and a strong business model! With good and prudent management team, I've no doubt Rotary could, not only ride-out this crisis; but also would come out very much stronger. Cheers! |
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yipyip
Master |
24-Feb-2009 22:40
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Financial Statement And Dividend Announcement Full Year ended 31 Dec 2008 ($'000) Profit for 2008 vs 2007 $54,278 vs $55,973 -3% |
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ten4one
Master |
06-Nov-2008 11:47
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Long term wise yes as it would take quite awhile for Rotary to recover due to the current market outlook. Accumulate when px is suppressed for the long term is the way to go! Cheers! PS. don't read into the signal too much! |
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L.....
Veteran |
05-Nov-2008 11:05
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i see further upside for rotary.. macd crosss signal line | |||
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ten4one
Master |
05-Nov-2008 10:08
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Good news indeed in time like this! These contracts were all from 'old Customers'......what I hope to see is new accounts added and that would be great!!! Cheers! | |||
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yipyip
Master |
04-Nov-2008 23:47
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Rotary Engineering Limited said on Tuesday that it has secured four contracts amounting to S$27.7 million. They include an Engineering, Procurement & Construction contract awarded by Oiltanking Odfjell Terminal Singapore Private Limited (OOTS) and three revamp and maintenance contracts of varying values secured through its wholly-owned subsidiary Rotary IMC Pte Ltd. |
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ten4one
Master |
19-Oct-2008 10:28
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As far as I know Rotary is still fundamentally sound with good cash positions and. The down side is with securing new projects as most Companies are slowing down or delaying with spendings. The current contracts-in-hand should see Rotary ride-out this crisis although margins maybe sqeezed. I won't be surprised if the Oman Group proposes a buy-out from Mr Chia Kim Piow. The question is whether Mr Chia is willing to part with his 'baby' - if the price is right....why not? Cheers! |
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jasonongsc
Senior |
19-Oct-2008 01:01
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is this company fundamentally stable ? |
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winsontkl
Elite |
17-Oct-2008 21:12
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Good advice ... pretty same concept as WB....buy when most is fearfull and sell when most is greedy......
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HLJHLJ
Veteran |
17-Oct-2008 19:40
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Ha... When I looked back to my previous post, i realised that i was wrong. That's what i mean by TA by MACD can go wrong sometimes. So never commit too much at one go. Anyway, i think rotary is near its NAV now. Good value now.
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jasonongsc
Senior |
17-Oct-2008 17:45
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anyone knows why the executive director sold all his shares to the oman investment fund ? | |||
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iPunter
Supreme |
17-Oct-2008 17:43
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I always respect Sifu ten4one 's good advice, it's very sound strategy... hehehe...
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jasonongsc
Senior |
17-Oct-2008 17:37
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ENTRY INTO A DEED OF COVENANT AND UNDERTAKING AND MORATORIUM
Hi what does this mean ??? |
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jasonongsc
Senior |
17-Oct-2008 17:35
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wow this is really battered, any particular reason other than the financial crisis ongoing ? vested :( |
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ten4one
Master |
20-Aug-2008 09:52
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No, no this wasn't the one I've in mind (that's why I qualified by saying ...not so soon though.). What you're seeing now is just the continuation of the market selldown by Fund Managers across the Board. Fundamentally, there isn't anything wrong with Rotary. Margins maybe squeezed though, due to higher cost of raw materials. All said, I'm still confident that the Company could manage the expenses and produce a good result for FY08! The best strategy is to go in when FOOLS dare not; and out when FOOLS are all geared up 'to cheong ah'! Cheers! |
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limhpp
Veteran |
19-Aug-2008 09:15
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What breakout? You mean break below lows?? Thanks!
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ten4one
Master |
19-Aug-2008 09:08
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limhpp, Yup it is not only about Rotary, it is also about the Impending Breakout connected to Rotary. Just watch for the Breakout ...not so soon though! Cheers! | |||
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