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$0.46 means valuing the company at around S$260m. Price looks ok under the current O& G downturn but it is probably quite low when the O& G sector recovers. Very long term investors will probably feel the offer price is low. But for short-term investors who bought in the last 1 year or so at $0.36+ will probably find it attractive as the capital gain + dividends would give them 20%+ total return.
Another company follow Osim footstep delist from SGX at 46c only....Last only 24 years after listed here IPO price closed to $1.00 ......Really this SGX no one want meh.....
sunview ( Date: 29-Sep-2017 14:16) Posted:
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Trading halted. Lasr done at $0.41
sunview ( Date: 29-Sep-2017 10:31) Posted:
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On the move again today after consolidation at $0.38/0.385 in the last few days.
unless good news, else diffic to go up high.
Glad to see it gets over $0.38. Now buy queue at $0.385.
sunview ( Date: 31-Aug-2017 11:42) Posted:
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this is a dead dog.
.
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john_ric ( Date: 26-Apr-2017 10:13) Posted:
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People say every dog has its day.
Now has the day come for Rotary ?
Now has the day come for Rotary ?
PEC is showing some movement but this baby is still sleeping. Technically need to break out from $0.37 convincingly to start the engine. Support at $0.355.
tis babe is lacking behind....big contract won yet the px still haven move
halleluyah ( Date: 20-Jun-2017 09:12) Posted:
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waiting fr the engine to start...
coming.............lets go babe..............
halleluyah ( Date: 18-Jul-2017 12:59) Posted:
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long accumulation....waiting fr a break out of 37cts....
gd px to accumulate...bottoming...bag abt 310m contracts in april...order bk swee swee....
another dead stock. do not tough.
Rotary Engineering Wins Petroleum Storage & Handling Facilities For Jurong Port Tank Terminals Contract Worth About S$140 million
MEDIA RELEASE Rotary Engineering Secures Projects Worth More Than US$120m Projects in the UAE and Thailand are for EPC of tank storage in existing refineries Wins attributed to Rotary&rsquo s track record of efficiency, quality and safety in projects SINGAPORE, 11 Apr 2017 - Mainboard-listed Rotary Engineering Limited and its subsidiaries (&ldquo Rotary&rdquo or the &ldquo Group&rdquo ), a leading regional oil & gas engineering, procurement, construction (&ldquo EPC&rdquo ) and maintenance services value chain provider, today announced that it has secured two projects worth more than US$120 million in Dubai, UAE (United Arab Emirates) and Thailand. The two EPC of tank storage projects are for the oil refineries of ENOC (Emirates National Oil Company) and Thai Oil Public Company. The tanks are an expansion of both refineries&rsquo existing refining capacity. The ENOC contract is part of a US$1 billion refinery expansion project by ENOC. In addition to the higher technical complexity involved in the construction of refinery tankage, excellent project expertise is required to avoid disrupting ongoing operations. The project will play a key role in meeting the UAE&rsquo s growing domestic demand for energy, as well as in expanding its range of oil products for export. Rotary was selected based on its reputation and solid track record of efficiency, quality and safety in projects. ROTARY ENGINEERING LIMITED Page 2 of 3 His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: &ldquo The UAE' s energy demand is growing at about 9 per cent a year while Dubai&rsquo s population alone is expected to reach 3.3 million by 2021 from the current 2.5 million and then peak to 5.2 million by 2030. This represents a 24 per cent growth by 2021 which in turn means that Dubai&rsquo s energy requirements will follow pace. As part of ENOC&rsquo s commitment towards the UAE and Dubai&rsquo s energy needs, we will continue to invest in key infrastructure projects to meet this constant growth.&rdquo &ldquo Our US$1 billion expansion project at the Jebel Ali refinery is a key part of the UAE&rsquo s downstream strategy to be self-sufficient in domestic fuels, as well as expanding the slate of products on offer for export. The production capacity of our Jebel Ali refinery is 140,000 barrels per day helping to meet the requirements of local, regional and international markets. With expansion, we hope to achieve an increased capacity of 210,000 barrels per day. This will help us address the needs of the market and the wider industry, which has witnessed considerable changes in recent times.&rdquo The Thailand project is among Rotary&rsquo s several projects in Thailand&rsquo s thriving oil and gas hubs. It has a fabrication workshop in Map Tha Put, Rayong province that is well-known for its capabilities in prefabrication and preassembly of topsides, tankage, pressure vessels, heat exchangers and other structures supporting the operations of oil and gas companies in the region. Rotary has established a strong brand name in both the Middle East and Thailand with a track record of delivering high quality projects on-time, on-budget and with safety. The UAE project is its second key project in Dubai&rsquo s Jebel Ali Free Zone for industries. Mr Roger Chia Kim Piow, Chairman and Managing Director of Rotary said, &ldquo The contract wins reflect customers&rsquo confidence in our capabilities and track record. We will continue to position Rotary for resilient growth amidst challenging market conditions.&rdquo
It was stated in the Straits Times today on Rotary Engineering results, their NAV shrank to 28.3c from 50.9c.
I thought you mean NAV = scrap value?
sorry. scrap value. like vehicles.
junction ( Date: 23-Feb-2017 17:40) Posted:
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I guess he's referring to NAV, or something similar to the effect that when the entire company business and it's assets is liquidated, the residual available cash divided by the number of shares.
junction ( Date: 23-Feb-2017 17:40) Posted:
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