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ROWSLEY LTD
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ivorycoast
Elite |
08-May-2007 10:02
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HLG crossed 40 cents liao ..... Let's see if Rowsley and Baker Tech will follow suit ..... These 3 are now the 3 musketeers of SGX ..... |
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ivorycoast
Elite |
08-May-2007 09:55
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Definitely not the right moment yet to sell. Similar to Baker Tech ..... don't be squeezed ..... |
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Pension
Elite |
08-May-2007 08:58
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Press conference today, stay tune for the news. Hope there are good news and every here make good money. Some new said that china is tightening chinese company listing oversea, they want them to list in their own country. Reverse take over is another loop hole to list company indirectly oversea. I think there will be more reverse take over this year and next year. Reverse take over is the quickest and cheapest way out. Look out for those cheap penny stock, they are potential target for reverse takeover. |
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ivorycoast
Elite |
08-May-2007 08:37
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Franky, Rowsley is really marvellous ...... Very well supported counter ..... Don't know who is the big towkay ..... |
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ivorycoast
Elite |
07-May-2007 19:32
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Well said Wadrian. Rowsley deserve a better valuation than this. |
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alexpenel
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07-May-2007 18:36
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Rowsley - better wait and see By TEH HOOI LING INVESTMENT company Rowsley's announcement last week that it was buying China's solar energy company Perfect Field Investment for $2.7 billion in a reverse takeover (RTO) deal created quite a number of sceptics in the market. Perfect Field offers Rowsley shareholders a chance to participate in the exciting, potentially lucrative alternative energy sector. For one thing, Perfect Field has yet to sell any of its solar panels yet. Its revenue of 28 million yuan (S$5.5 million) and pre-tax profits of 23.4 million yuan were all from its consultancy work. But the company, controlled by Chinese scientist Ma Xin, says it will be a leading user of amorphous silicon technology for the production of photo-voltaic (PV) cells on a mass scale. It is now constructing its factory and this is expected to be completed by this year. Dr Ma is guaranteeing net profits of $300 million for each of the three financial years ending June 30, 2008, 2009, and 2010. Failing which, his 18 billion new shares or 92 per cent stake in Rowsley, as consideration for his injecting the business into the Singapore listed company, will be cancelled proportionately. As part of the deal, Rowsley's current largest shareholder, former 'Remisier King' Peter Lim will pump $150 million into the company in order to fund the factory construction and expansion of Perfect Field. Despite having to put in an additional $150 million cash, Mr Lim will still see his current 25.6 per cent stake in Rowsley diluted to just 5.1 per cent once the deal is completed. Now let's examine who gains most from the deal. Dr Ma and Perfect Field have the technology, but they are in need of funding at this juncture. A normal route is to get in some private investors, build the factory and establish the track record, and then float the company on its own. That's what another Chinese solar energy Suntech Power did. Also established around the same time as Perfect Field, that is in early 2000, Suntech Power got in Goldman Sachs and a group of private-equity firms in 2005. These investors put in US$100 million in a non-controlling investment in Suntech. A year later, Suntech was floated and its shares have risen 15-fold. Suntech's net profit for 2006 was US$106 million, up from US$32.1 million the year before. And it is now valued at 56 times its historical earnings and has a market cap of US$5.65 billion. Suntech is now one of the world's largest solar companies and is a serious player in the emerging industry, along with BPSolar (owned by BP), Kyocera, Royal Dutch Shell, Sharp, and Q-Cells. The route of getting investors in at a pre-IPO stage usually entails the founders having to dilute their interest at very low price levels. By opting for an RTO route, Dr Ma and Perfect Field are getting a valuation of nine times the business' forecast earnings for 2008. Also, they get to retain 92 per cent of the business. That's a darn good deal from their perspective. How about the current shareholders of Rowsley? Well, Mr Lim is no 'dumbo' to have got to where he is today. If he agrees to the deal, he must have seen something in Perfect Field. And what's the alternative for the current shareholders? Rowsley now has stakes in a ceramics tiles manufacturer, a paper recycler and a lottery business in Mongolia - not exactly something that holds tremendous promise. Perfect Field offers Rowsley shareholders a chance to participate in the exciting and potentially lucrative alternative energy sector. Indeed, even before the deal is completed, the shareholders have already benefited. From just seven cents a month ago, Rowsley traded to a high of 31.5 cents just before the deal was announced. It retreated to 26 cents on Friday following the announcement. So up till now, it's a win-win situation for all. The big question now is execution. That is, whether Perfect Field can build its factory in time, and whether it can churn out the solar panels without any major hitches. Then there is the question of selling its solar panels, and staying one up against the many competitors out there in this field. Cost competitiveness is one of the advantages of Suntech Power. But Perfect Field will be using amorphous silicon technology, as opposed to Suntech's polycrystalline silicon technology. The former requires only a thin film of silicon on the glass substrate while the latter uses a larger amount of silicon. According to some write-ups, the thickness of a polycrystalline cell is often up to 100 times that of amorphous silicon panels. As a result, the amorphous silicon panel is cheaper to produce, costs lower to end-users, and is lighter in weight. But it is also less efficient in that, according to a website, it requires 50 per cent more surface than that of an equivalently powered polycrystalline system. So a lot more roof-top real estate is needed. Meanwhile, newer and more efficient solar systems are being explored. For example, Nasdaq-listed SunPower and Boeing's Spectrolab continue to unveil new methods for improving the efficiency of solar cells. So there is no lack of risk and uncertainties. Which is why it is good that Dr Ma will be in Singapore this week to meet up with analysts and fund managers, and apparently the Singapore Economic Development Board as well, to explain more about Perfect Field's technology and the company's business plan. But there's no denying the potential of renewable energy is tremendous. And according to analysts at the Jefferies Cleantech Conference in the US recently, solar energy has emerged as the front-runner among a bevy of alternative-power segments, measured by ability to deliver immediate commercial benefits to Wall Street. So don't be too quick to dismiss Rowsley yet as another 'fishy' deal. Wait for the details. But until a clearer picture of Perfect Field's capability and execution ability emerges, don't be too eager to commit as well, especially at current price levels. |
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teeth53
Supreme |
07-May-2007 17:54
Yells: "don't learn through life, learn to grow with life " |
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3) Singapore has been very dependent on natural gas from Malaysia and indonesia to power up our power stations. It's a matter of time, Singapore will be held ransom by our neighbours again on natural gas just like water, sand and granite. I wouldn't be surprised if the government strikes a quick deal with Rowsley to start their first solar energy collection field. Q??. Will China be kind enuff to let S'pore have uasage to this solar Energy and if so, by what mean?.Look and sound simple, it has got a long, long way to go on tapping solar energy...Err maybe i am wrong.. 
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teeth53
Supreme |
07-May-2007 17:46
Yells: "don't learn through life, learn to grow with life " |
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As Mr Peter Lim is involve, Why reported oni Dr Ma will be visiting EDB and not together going forward, so EDB will it be the 1st to fish this golden hen that lay golden egg with even more promises of $300 mil every year in profit for next 3 years. (let see) as mentioned $150mil is not enuff, so needed alot more other BBs to be convince, meanwhile happy punting and trading... |
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wadrian
Member |
07-May-2007 16:22
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Hi fellow investors, The key to success for Solar energy who has the technology to make the most cost-effective product. I agree with Pension that the potential for solar energy is huge. Since the key to success is technology, technology and technology, I am glad that Rowsley has 50 scientists doing R&D. I understand from the BT article that Dr Ma is meeting up with EDB this week to present on their technology. Who knows, a potential R&D or project partnership may be in the works between Rowsley/Perfect Field and the Singapore Govt with Mr. Peter Lim being the master deal maker?? Another key point from the BT article today is the comparison made to another Chinese Solar company - Suntech Power. here's a line from the article. "A year later, Suntech was floated and its shares have risen 15-fold. Suntech's net profit for 2006 was US$106 million, up from US$32.1 million the year before. And it is now valued at 56 times its historical earnings and has a market cap of US$5.65 billion" My opinion are as follows: 1) a target price of 40 cts for Rowsley is very very conservative already given that 15x of current price means $4.50!!! 2) Peter Lim is a brilliant investor. look what he did with FJ Benjamin? the price rose from 20cts to 80+cts today.... 3) Singapore has been very dependent on natural gas from Malaysia and indonesia to power up our power stations. It's a matter of time, Singapore will be held ransom by our neighbours again on natural gas just like water, sand and granite. I wouldn't be surprised if the government strikes a quick deal with Rowsley to start their first solar energy collection field. Cheers once again for those vested in Rowsley.... |
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Pension
Elite |
07-May-2007 13:51
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pls read the link http://sg.biz.yahoo.com/070507/1/48bhu.html I think solar energy will be the future source of energy in china due to the pollution and rising energy price. I think the material for the production of the solar panel is abundant in china and is cheap, if there is no potential, the firm will not empoly 50 scientist ..... |
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Pension
Elite |
07-May-2007 13:24
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I think many shortist did not cover their position on 3rd and 4th May and hoping the share will drop further. This billion dollar reverse take over is new to investor and many think the share will fall. The shortist take this opportunity to short and wish to make quick money out of it, they may be wrong. This wednesday will be buying in and I think the speculators will push the share up so the buying in is force to buy at high price at the expense of the shortist who leave their positon open. For some smart shortist, they will buy the share and hedge it against the surge. If there is a little good news, this counter will surge very high, target price can be very frightening. Good luck to those shortist. |
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ivorycoast
Elite |
07-May-2007 12:53
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HLG, Rowsley and Baker ..... very very big boys hooting tua tua ..... Think Rowsley and Baker could be another 40 cents stock after HLG ..... |
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alvinwong1012
Member |
07-May-2007 12:34
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Wow, Rowsley make a huge surge..anyone knows what happened? Something positive on the professional visit to Singapore (EDB)? Thanks. |
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rogue_trader
Master |
07-May-2007 10:15
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Hi knightrider, I catch no balls as why I will kena sued?? Me just small fry with no $$ & time, so pls don't scared me leh.. All the best to you. |
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knightrider
Elite |
04-May-2007 14:10
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Hi Rogue_trader, Why ? R u afraid of getting sue or what !!! Don't worry. Here is a place for everyone to learn and share their opinion and comments. Our main objectives is to make some coffee $ or pocket $. Sometimes, I also wrong on the signal just like FerroChina, from the chart and graph, states downtrend. Then sudden announcement that they complete the investment and take over another steel mills to boast their production and suddenly all the analysis reports an interest and target at S$3. See, this is the beauty and excitement of stock trading. As long as we oblige to the law and can make some legal pocket $ and everyone is happy. Please continue to post and share your opinion ! I believe we can learn from each other ! Take care. |
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rogue_trader
Master |
04-May-2007 12:30
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To those vested, pls ignore my message as I think this counter will either be downtrending or stagnating.. |
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rogue_trader
Master |
04-May-2007 12:27
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Dear Pension, how substantial is that shareholder? Can he/she withstand the power of the current market sentiment towards this counter now? |
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Pension
Elite |
04-May-2007 12:19
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lot of ppl short this counter yesterday and today, be very careful shortist, you will be in deep trouble. The substantial shareholder is collecting the share and will push it up today or monday. Why the share need to be push up, reason is very simple, to make sure the interest party from china do not change their mind for the reverse takeover. The china party has a good potential because of the solar business and oylumpic project. I also think they are also interested in providing service for IR project as our government is promoting green enviroment. Solar is a very lucrative business in china because the country itself are shortage of power source. Antoher business of Rowley is the lottery business in mongolia, this country has a large population etc. It would be like lottvision soon, sudden surge. |
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ivorycoast
Elite |
04-May-2007 12:16
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Time to pick up some Eagle too. |
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ivorycoast
Elite |
04-May-2007 12:03
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Even Baker Tech can move from negative territory to positive territory. It's Rowsley turn to shine. |
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