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At least, Rowsley got a very positive R.T.O. news.
Rowsley will not lose out to HLG when it comes to hogging the limelight.
I think it is coming down, hope I am wrong !
Hope those vested, don takes offence for my realistic down to earth opinion, price may be slighting to 15 cents B$ comig up again.....mean while happy trading...
. On hindsight do what is necessary, have profit, take profit and leave some for other.
Nomally it take at least four to six months to neg.. a deal together with those BBs and other Instituties Funded Mgrs, so that at such time, like at this case should be announce together with those BBs to make it there within four years (to year 2010)
It not going to be there, if there is no others further BBs to support.
S$150 mil not Enuff 
Let see.
A case of telling, i want those golden egg by telling the mother hen to lay those golden eggs.
Personnally, wish those Chinese govt, their own Instituties or other foreign BBs is in..
then will be good stuff.
That reminded me of China CEnersave (CEnersave) which has long got it support from BBs and Instituties Funded Mgr.
Hope it come true, hopefully and wish another Wilmar (another sugar king mountain behind to support). for Peter Lim to find another Sugar King, think S$150mil is not enuff, maybe another S1.5 bil to RTO to take on this S$2.7 bil solar company.
A case of telling, i want those golden egg by telling the mother hen to lay those golden eggs.
Personnally, wish those Chinese govt, their own Instituties or other foreign BBs is in..
then will be good stuff.
Just my tot.
Perfect Field said it has provided a net profit guarantee of
not less than $300 million for each of the financial years ending June 30, 2008, 2009 and 2010.
Work out almost every year on average 75 mil per year profit earning, including year 2007. Given that they has declare for past year, it really don not match up with...it
going to be100%-200% to 300% jump in profit for the declare period, unless it another golden period for the next four years going forward.
Just wondering R they going to make it there.
and why placement out at oni 0.15 cents??. and Peter Lim is to take up a Billion share for S$150 mil.
One need more then this to attract those BBs, funded Mgr and Instituties to be attractive for them to invest, untill such time
Wait and see price will be slighting down...
knightrider,
What about Wilmar? Another billion dollar company formed by the RTO of Ezyhealth. It produces bio-diesel, which is an alternative clean energy just like solar energy. Look how much the price has surged.
This is the largest proposed RTO in Singapore's corporate history. Case of "buy on rumour, sell on news".
"This deal could take about 6 months to complete and would entail a compliance placement later (to dilute the vendor's stake from 92% to below 90%)," a dealer said.
hi wadrian..wad's ur hunches on ts counter?wonder if will hit e high of 0.34 within e next few days..morning cheong a short while n "puncture".
I think I had come across an article that mentioned something like "the reverse takeover deal looks & feels funny".. Not vested.
the price tumbled simply because of short sellers and contra players...
Do you think Remisier King, Peter Lim is stupid enough to throw away his cash on a lousy company?
If your answer is yes, then may I ask whether you are better than Peter Lim and had made more money than him on equities?
To cut the long story short, let's wait and see.....
As predicted, the price will tumble down if you read my post just this morning ? Use your brain to think, any company doing so well and not even listing at all and now go back door listing..... what is this Solar company. Is it really worth S$2.7b. Use your brain, it is so good, the technology so advance, then it should get listed in NYSE or Nasdaq or els where. Come on, believe me, it will tumble down. Just this morning I just shorted 300 lots, and now gain. Believe me if you did invest, this will tumble down ! Good Luck.
Seem that there are alot of people short this counter in the morning...anycome can comment if this counter worth to pickup in medium and long term? Thanks.
...my guess is that some BBs or Peter Lim himself is buying up the shares from the open market. Remember Peter Lim stated he will inject $150 million into this company, right?
if not then, who in the world has $50 million to buy up a single counter in one day??
contra players and profit taking....
A contra player will probably sell the shares today and make a quick buck without having to fork out the money to buy the shares.
For investors looking at fundamentals and have the cash to hold, they will likely buy more Rowsley shares now that it is cheaper than before...The fact is that the volume for rowsley is 172 million so somebody is BUYING UP the shares even as the contra players dump their shares.
here's some simple calculation:
172 million shares traded at average 29 cts = approx S$50 million exchanging hands today
What do you think is going on?
Then whats the reason for it to drop so much today?
After reading the Dow Jones article, it seems like the chinese solar companies listed in US are actually doing very very well and investors have been showing strong interests in these counters. The author is simply advising the market to be cautious just in case this turns into another dot-com bubble. He also cautioned that some of these chinese solar companies do not have good fundamentals and are simply jumping onto the green energy bandwagon.
These are the reasons why I believe Rowsley's new venture into the Solar energy business will do well:
1) Peter Lim, aka Remisier King, is a man with great foresight and he stated that he is going to inject another $150 million cash into the company. This shows his confidence and determination in making this new business work.
2) the company is guaranteeing $300million NET profit until 2010.
3) the company's products will be used in the Nest Stadium of Beijing for the olympics in 2008. Thus the company is not a small fry in the solar energy market.
4) The push for green energy worldwide is building up it's momentum and green technologies like solar energy will likely be the next big thing after the Internet in the next decade or so....especially when technology keeps on improving and costs keeps on decreasing.
They will dispose off all those not core business, such as UPP and Eagle ! Just my guess, may be the price will tumble when they throw out the Eagle share. Good Luck.
