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Any news with rotary?
Was 58c in the morning, suddenly jumped to 61c breaking thru 60c barrier.....
...Key Highlights
We are recommending a Buy on Rotary
Engineering, as the company refocus their efforts
in Singapore where more than 90% of their new
order wins to date come from. In particular, (1)
prospects of additional contract wins (we
estimate about $1bln worth of new contracts in
the pipeline), (2) expectations of earnings
recovery, (3) ability to leverage on its strong
balance sheet (net cash accounts for 40% of
market cap) to undertake more contracts and
acquisitions, (4) prospects for reinstatment of
their dividends to 1.5-2 cents a share over the
next 2 years and (5) improved market confidence
in management’s turnaround efforts as they
deliver their $756mln order books, could
potentially drive its share price over
last rebound, it failed to break the strong resistance of 60 cents.
hope it can break this time.
else it will go back to 46 cents.
GO $1.30
used to play Rotary when it was above $1
it is powerful when in play
another step forward.
things are brewing.
any good news coming soon?
another baby step.......
wow up steadily. got hope.
Rotary went through a setback last year..... Get ready for her comeback this year.....
insiders got good news......
One of the BB bought 420lots at 51.5cents...... at a single trade. Some thing is happening.......soon
Some announcement soon.
... yi, got some volume.
Oil and gas infrastructure services provider Rotary Engineering announced it has entered an agreement to buy 1.5 million shares in its associated company Jasinusa Automobile Pte Ltd for US$720,000 ($912,960). After the acquisition, the company will hold a 37.5% stake in Jasinusa, up from 25% now....Last Done: $0.480...
Rotary was highlighted in the latest issue of Share Investment guide:
http://www.sharesinv.com/articles/2013/05/17/is-rotary-engineering-on-a-recovery-track/
The article mentioned that Oman Investment Fund is among the top substantial shareholders, holding a deemed interest of 21.38% in Rotary as of 8 Mar 13. And Omani government last year announced the largest outlay ever, a total of US$100 billion gross investment in the oil and gas sector over the next 10 years, to sustain oil and gas production in the country over the long-term... I agree that Rotary is showing encouraging signs of making a turnaround in its financial performance.
Buy.....Very cheap!!!!!
No volume stock...how to play???BBs controlling...
Lian Beng now 54cents.....
Rotary only 46cents........under value stock is moving up soon......
BUY.......
buy before going to fly above 50cents soon
BUY
