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Rowsley -Big loss making company
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destinykraze
Elite |
17-Apr-2017 17:10
Yells: "Reality is only a matter of perception" |
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Yes, better to avoid unless it is real cheap. like $0.05 or be prepared to hold for 7-8 years to see returns if any. Hit 0.095, new lows. no supports willing to buy the selldown. Selldown will continue as the directors seems to have a real urge for liquid cash.
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kezgtree
Member |
17-Apr-2017 14:37
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yes he is shrewd as I can remember the Raffles incident when the group decide not to give him the commission he deserve..conclusion..he kicked their a*s and get paid every cents....irrc
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tiltonhall
Member |
17-Apr-2017 13:39
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I  bought this stock back around 2006 or 2007 ... at that time, there was a lot of rumours and talk about Peter Lim using this as his vehicle for his investments and Rowsley being hte next big thing ... Bought around 20 cents and everyone was looking at this to triple or quadruple etc.... Of course what happened after lots of retail investors and small boys went in is the stock died and was left in limbo for many years .... doing nothing, price went below 10 cents and languished there. Fast forward to 2012 or 2013, I cant recall exact dates,  and suddenly Rowsley came back to life again ... lots of stories, rumors, Isklandar property, etc  .... and the stock jump up 3 or 4 times. Luckily I did not sell earlier, and  maange to unload whatever holdings i had for a decent price. When I sold, my broker asked why get out of Rowsley, it was the next big thing again. Fast forward again to 2016 and 2017 and Rowsley is dying again ..... but mixture of doomsday  talk and other people  espousing the   bright future of the company. Hisotry tells you that Roswley will not totally die but if you expect this to run up strongly again, be prepared to wait. A long time. Peter Lim is very smart and very shrewd. But i' m not sure if you would call him the straightest type of guy.  Maybe you ride with him as a shareholder of Rowsley, you can make some money but who knows when that will happen ... only he knows. He' s gonna make money and milk money whatever the year, whatever the market sentiment, whatever the state of his comapny. But as a small shareholder you have no clue when or how this will happen. So either cut loss or be very patient and one day Roswley will rise again but it could be another 3 or 4 years when the situatuion changes. Not vested and no interest to be vested. Better to stick to blue chips.             |
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destinykraze
Elite |
17-Apr-2017 13:04
Yells: "Reality is only a matter of perception" |
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Looks very bearish  short and mid term  . |
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samudra
Veteran |
12-Apr-2017 17:12
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I do not see any good reason for buying rowsley at current price as techincal or fundamental does not show any impprovement in results. Maybe can look at it 3 months or 6 months down the road. Please DYOD |
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destinykraze
Elite |
12-Apr-2017 16:50
Yells: "Reality is only a matter of perception" |
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You need to see things from their perspective as we lack the insider information they have. It is logical and definite that they know the company is not going to perform in the short and mid term for sure, hence, the selling.
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destinykraze
Elite |
12-Apr-2017 16:47
Yells: "Reality is only a matter of perception" |
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how do you explain this " Seeing the directors selling chucks of shares at $0.100 shows a lot and then lack of support from the other directors shows even more, its implying that the current shares px are not low enough.  It will continue to trend down.  " Are you telling me that their senior directors who has insider information. Selling their shares on a whim, when it would be going to 12 cents, 13 cents soon? Get real!
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volvo125
Master |
12-Apr-2017 16:45
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Hong has 699mil shares and Lai has 147mil shares. The two insiders have a combined stake of ~19% of the coy. With such a huge stake, i would believe that if they wanna out for whatever the reasons, there will be some form of married deals or whatsoever arrangement to facilitate an orderly exit, certainly not dumping the almost combined 1Bil shares into the market. Unless, the coy is in the midst of a collapse and all hell break loose. Rowsley doesn' t look like it is in the brink of collapse to me. Hence I do not think Hong & Lai sold their shares because they felt that the shares are over valued. Nobody knows why Hong repeatedly sold his shares in the open market, especially at a time when the price has been beaten down to historical low. He probably desperately needs to raise a lot monies to sort out some problems. He narrowly avoided bankruptcy in Dec 2016 in a $2.5mil lawsuit with a bank guarantee pledged pending an appeal. The $2.5mil bank guarantee, is NOT FREE, Hong needs to secure it with assets or hard CASH. Regardless their personal reasons, selling the coy shares during this bad time is certainly a very bad IR practice. |
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huangyuanhe
Supreme |
12-Apr-2017 16:25
Yells: "666" |
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Rowsley as a Company still doing ok.
But Rowsley as a Stock must get back to "winning ways". This winning rythmn and trend is very important. Say it goes from 9.9 cents to 12 cents to 13 cents.... confidence as a stock will be back. They will see it as Alliance Mineral or Geo Energy. 10 cents to 20 cents to 30 cents Stock. This is a Win Win situation and trend for retail investors as well as SSHs. |
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huangyuanhe
Supreme |
12-Apr-2017 15:53
Yells: "666" |
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Go ahead and laugh
Dont selective -quoting. 2026 is just one factor for Iskandar. Rowsley is more than that. Go read their Annual Report.
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destinykraze
Elite |
12-Apr-2017 15:53
Yells: "Reality is only a matter of perception" |
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The senior directors have insider information that we don' t. Seeing the directors selling chucks of shares at $0.100 shows a lot and then lack of support from the other directors shows even more, its implying that the current shares px are not low enough. It will continue to trend down.  
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destinykraze
Elite |
12-Apr-2017 15:46
Yells: "Reality is only a matter of perception" |
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2026 lol......... I can take risk, I' ll buy in 2019/2020 at $0.05-$0.08. No need to pay the premium price now. Their worries now, it would be to foot the interest bill in the short,mid and long term.It is not making money at all saddled with huge debts.
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huangyuanhe
Supreme |
12-Apr-2017 15:32
Yells: "666" |
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和 气 生 财
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volvo125
Master |
12-Apr-2017 15:15
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I share the same view on Rowsley business. But PL must get the house back to order and control, particularly on his RSP men. The 2 senior RSP directors Hong and Lai repeatedly selling the company shares at a time when the price was hammered down to historical low was Investor Relations at its worst. The combined $115mil impairment incurred in 2015 and 2016 were shock bombs that critically needed to be addressed by the senior mgt. Such huge impairments severely dented the company NAV and also reflected very badly on how the management had earlier appraised and valued the businesses during the due dilligence prior to the purchase. Investors certainly do not like to see the recurrance of such huge impairment again forward. On a brighter note though, after the huge asset write-off, Rowsley will now stand a better position to perform more positively going forward.
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huangyuanhe
Supreme |
12-Apr-2017 10:54
Yells: "666" |
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It all depends on how you look at it. High Risk High Gain. This is like Osim when it was 10 cents. When Osim business take off, so is its share price.
You can be skeptical. (Especially lurker destinycraze). It is a matter of choice. You can choose those stable blue chips. Growth 5% , 10%. Some declining due to matured markets. Thus you see their share price move in a small range. Rowsley is not like Ezra or Blumont. Blumont is a bit "empty" on hype. Ezra leverage too excessive on debts. Rowsley is on the contrary quite prudent. Yes, business executions wise they need to improve. More efficient. Actions faster a bit. Rowsley is down, but not out. In 2026 , you can see a vibrant Iskandar . Rowsley Vantage Bay land can hold (as fully paid up) and can wait. Like Yanlord land in Sanya still holding for many years. Billionaire Peter Lim is holding more than 45% of Rowsley stake. I dont think he is going to shoot himself on his foot. As outsiders without any say on their business actions, we can only hope people inside can do better, perform above expectations. Hotel Football, Cafe Football.....Franchise...., will they make it Big in China ? It is their call. But i still habe high hopes on Gary Neville, Ryan Giggs, KK Ho. Hope they can execute it well in China. Being Gary Neville being Ryan Giggs is already half the battle won when doing business in China. Some are low risk taker. Some look at the present. Comfortable with 1%, 3%, 5% growth. Some are high risk taker. Some look at the future. Looking into 50% 100% 300% growth potential. High Risk if Successful = High Gains. |
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Lurker251
Senior |
11-Apr-2017 23:45
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Sorry. I meant top management salary* why all cash, no share baed
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destinykraze
Elite |
11-Apr-2017 23:16
Yells: "Reality is only a matter of perception" |
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I' m expecting to see a cessation of directors and selling of shares soon. The current management team has to go.
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Lurker251
Senior |
11-Apr-2017 23:13
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A few pointers. Why almost 100% of top management shares are paid in cash. Why no share based payment. If the sharesholder hurts, top mgmt should hurt together. Why cfo earning 400k in cash salary? Salary of almost 35k per month seems excessive. What are the cfo salary of comparable small ppty company like rowsley? Iskandar land seems to be cold storage, now lease out open cafe/resturants Why drawdown 100m in loan when almost 40m is kept as cash. 6.5% interest expensive leh! What are the catalyst for profit? Dont see any thing that can drastically improve profit in shortterm. |
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destinykraze
Elite |
11-Apr-2017 22:37
Yells: "Reality is only a matter of perception" |
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Just remember. Going in at 0.098 or 0.099 is like taking a leap of faith. You might gain a few pips. But this company is unlikely to see any  profits for these few FY. Hence, heavy selling pressure still on, When it drops, it would be fast and furious. |
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samudra
Veteran |
11-Apr-2017 18:21
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remember low can be lower.  On what basis that at 10 cents is a good entry level or at 10 cents is cheap ? |
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