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Most stocks will facing south after warning from great leaders from China and Singapore.
US economy slowing down.
Hongkong index will down too. QD II magic has gone.
Perhaps you got better news.
Interesting, with this RTO called off.
Expectations of waiting for something is strike off the table.
Isn't that better? Back to its small float.
Every company is much better to be back on its own trading path base on its original footmark.
Hi, i am a newbie...
Due to the delay of the RTO the price for Rowsley has dipped.
With the RTO call off, will price drop further ?
Rowsley has reported that the 1st half endend 30/09/2007, its net profit soared to S$5.8 million from a loss of S$1.5 million for the same period last financial year.
Expected the dateline extended so many times and RTO with a PRC co....Dr Ma appears too optimistic...and Peter Lim must hve sold his shares
Black Monday (12/11/07) for Rowsley shareholders.....
and take an opportunities to buy into it weakness when it trading price take a dive.
Having said that, buy within mean.....even if it is up and down it such a volatile mkt.
It is a very good opportunities to sell into strength.....B4 it is halted.
Please see this link below
http://sg.news.yahoo.com/rtrs/20071109/tap-rowsley-takeover-singapore-c3bb44c.html
Hope it helps to explain.
Anyone has any info on the report. I can't find anything on the internet thus far. Thanks.
09-11-2007 16:04:01
Singapore Rowsley to report on delayed takeover deal
SINGAPORE, Nov 9 (Reuters) - Singapore's Rowsley
Rowsley shares jumped 15 percent to 23 Singapore cents before being suspended in the early afternoon pending the announcement.
A spokesman for Rowsley, an investment firm with interests in ceramic tiles and paper products, said the company would issue a statement on the RTO, but declined to give further details.
The company's management is also expected to hold a teleconference at 1000 GMT to elaborate on the deal, which traders speculate could see a change in its terms due to the delays.
The company had announced in May it will buy Perfect Field, a maker of solar energy panels, for S$2.7 billion ($1.9 billion) in shares, in a reverse takeover (RTO) deal that will make Perfect Field's owners its biggest shareholders.
Rowsley, which has a market value of just $87 million, was to issue to Perfect Field 18 billion new shares at 15 Singapore cents each.
The deal has since been postponed twice, in August and October, as the company said Perfect Field failed to meet a prerequisite of the deal, because of delays in building production facilities to ramp up capacity.
Rowsley had seen its stock price spike 33 percent following the announcement of deal, only to tumble 60 percent from its peaks on news of the delays.
Singapore Rowsley to report on delayed takeover deal
SINGAPORE, Nov 9 (Reuters) - Singapore's Rowsley
Rowsley shares jumped 15 percent to 23 Singapore cents before being suspended in the early afternoon pending the announcement.
A spokesman for Rowsley, an investment firm with interests in ceramic tiles and paper products, said the company would issue a statement on the RTO, but declined to give further details.
The company's management is also expected to hold a teleconference at 1000 GMT to elaborate on the deal, which traders speculate could see a change in its terms due to the delays.
The company had announced in May it will buy Perfect Field, a maker of solar energy panels, for S$2.7 billion ($1.9 billion) in shares, in a reverse takeover (RTO) deal that will make Perfect Field's owners its biggest shareholders.
Rowsley, which has a market value of just $87 million, was to issue to Perfect Field 18 billion new shares at 15 Singapore cents each.
The deal has since been postponed twice, in August and October, as the company said Perfect Field failed to meet a prerequisite of the deal, because of delays in building production facilities to ramp up capacity.
Rowsley had seen its stock price spike 33 percent following the announcement of deal, only to tumble 60 percent from its peaks on news of the delays.
Another Ban Joo?????????????/Cheeeeoooonnnnggggg ahhhhhhhhhhhhhhhh
Rowsley has requested halt trading pending for announcement.
Any rumour ?
It now needed much more concrete conditions to boost it price back to it peak.
It is the same as for any others speculative stocks, it has to backup much more with concrete condition and not with mere agreement in principal. (promises and more promises)
This is here where alot of speculation condition prevail to the highest without knowingly went to stop and when greed has over come it oneself sub-conscious mind.
It is seem to be impossible to reach (touch) conditions, perhap it is just to allow other to make $ while others to pick up this baby.
There are touch conditions which is very tough, uphill task, down hill prices, 15ct is the bench mark as reference and if anything that goes wrong then, then prices might be even be less then offered, so till then worst case scenario is a possibility.
Bearing in mind over d last few weeks, more not so good news is often out to discipated, oredi a very volatile trading market world wide and even what good news come and go. it still can not with stand those from bad.
Looks like this is heading for deep south. The problem with PerfectField is still hanging, so very unlikely to move forward.
With today's fall to 0.18, it looks like Rowsley is heading for 0.145/0.15...
teeth53,
U mean this counter might drop to $0.15, if some conditions are met?
Can elaborate more? But this counter seem to be quiet & still on the other side of the slope.
Closed unchanged....Mr Peter Lim once said he's to consider d offer...15c on condition to be met.
Rowsley Last:0.195 Vol:4430k -