uncle zen, I looked at analyst report on Rotary and they are gloomy on its prospects.
CIMB said: "Rotary faces insurmountable odds amid decreased opportunities on land-scarce Jurong Island as well as ongoing execution issues for its landmark Satorp project. We are dropping coverage due to a lack of institutional interest."
Uncle Zen, Rotary price recover is only technical rebound. I believe BB are behind it. Project-wise has hit roadblock. Don't expect same div as previous year.
a late rally to 46c yesterday . or 15% return if you had bought at 40c recently
[hr]
[ZEN 17-12-2012]:
rotary has definitely bottomed out at this price
It had a disastrous year with share price dropping from $1+ until now
Buy on weakness .
As the article below shows the projections of oil and gas investment in the gulf region up to 2020 with over $666 billion going in
if you had listened to many of naysayers here saying all the nonsense thing , instead of accumulating like what i mentioned at 40cents
Take a look at the price today - 1st trading day of the year
this chap BURNED immediately we can conclude he is an amatuer. What did he say 1 month ago ???
Like his nick , most probably got burnt many times
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[Burned 25-11-2012]:
Yes, $143.8million in cash. NTA at 37 cents per share. Not sure, if the bleeding already stop, as the project in SATORP.
At the rate, the company is burning cash. We could see the share below 30 cents. Not sure, the SATORP will sue the company for delay.
Better avoid.
Aiyo please la, when market is up, every dog is up, why get personal. If you make good money, good for you, prices go up and down. All the dissidents, me included, pointed out valid points of concerns such as sustainabilty of dividends, operation issues etc. We did not say u cannot make money from it.
You are the greatest stock saint la.
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