Rotary Engg   

Impending Breakout

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

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One clever deployment of cash horde to enhance/protect shareholders' value!


 

 

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. 

 

Eagles      ( Date: 24-Mar-2009 07:38) Posted: 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!

 

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!

 

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!

 

 

Financial Statement And Dividend Announcement Full Year ended 31 Dec 2008

($'000) Profit for 2008 vs 2007   $54,278  vs  $55,973   -3%

 

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!

 

i see further upside for rotary.. macd crosss signal line

 

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!

 

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.

 

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!

 

is this company fundamentally stable ?

 

Good advice ... pretty same concept as WB....buy when most is fearfull and sell when most is greedy......

ten4one      ( Date: 20-Aug-2008 09:52) Posted: 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!

 

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.

HLJHLJ      ( Date: 18-Aug-2008 16:43) Posted: It seems like 0.61 is the bottom. In this kind of market, it is still at this level. Very positive.

 

anyone knows why the executive director sold all his shares to the oman investment fund ?

 

 

 

 

 

 

ENTRY INTO A DEED OF COVENANT AND UNDERTAKING AND MORATORIUM  

Description

The Board of Directors of Rotary Engineering Limited (the “Company”) wishes to inform the shareholders of the Company (the “Shareholders”) that Mr. Chia Kim Piow, the Chairman and Managing Director of the Company, has entered into a deed of covenant and undertaking dated 11 September 2008 (the “Deed”) with Funderburk Asia-Pac Investments I Limited (“FAPIL”). Under the Deed, Mr. Chia has agreed to certain moratorium restrictions with respect to the dealings of his interest (direct or deemed) in the shares of the Company. Subject to the earlier termination of the Deed, the moratorium restrictions shall apply for the period commencing from 11 September 2008 and ending on the date falling 3 years after the date of completion under the sale and purchase of shares agreement dated 6 August 2008 entered into between FAPIL and Messrs Wong Liang Feng and Chaung Swee Khim. By Order of the Board Tan Cher Liang Company Secretary 22 September 2008

Hi what does this mean ???

 

wow this is really battered, any particular reason other than the financial crisis ongoing ? vested :(

 

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!  

 

What breakout? You mean break below lows??

Thanks!

ten4one      ( Date: 19-Aug-2008 09:08) Posted: 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!

 

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!