Rotary Engg   

Worth taking a look

Now, i was wondering should i hold it till XA or not. cos according to my broker we really need to fill in some form after 19/12, a bit blur on this part.

 

cng444,

However, in the interim, I do take profit and buy back at a lower price....or do some quick punts.....to add some excitement to this game. Otherwise, pure FA is really boring.

 

cng444,

My estimate (conservative) of Rotary's FY 2006 eps is about 9cts (before 'rights' issue). Therefore, at current price of 82cts, it is still trading at P/E < 10X. Furthermore, it is expected that there will be more new orders...... which will be positvie to its price. the industry Rotary is involved in....petrochemical plants, refineries etc, is buoyant.

I don't really have price targets...I tend to look at trends...company's earning trends, industry trends and general economic and business trends related to the company.

When these trends tell me there is upside potential, I buy.

When these trend tell me that it is toppish and upside is limited, I sell.....and it may be some time before it happens.

 

Shplayer,

What is your target price for this counter?

 

rickeytan,

Hope you managed to 'GRAB' some yesterday.

As for me, iOCBC site was down almost all day yesterday....so I couldn't do anything... :-(

 

Close near intra day low.

Expect further weakening....

 

cng444,

I think they will send you a notice and some forms for you to exercise your 'Rights'. Usually its an 'opt in' choice for your 'rights'. Hence if you do not respond, they will pay you the dividents. Watch out for the mail.

 

Do we have to do anything for the right issue? It is left to right pocket like wheelock?

 

if Fed report is good today with no increase in interest rates, can see this counter as a good catch.. to buy on dip. not sure when will there be a break but so far this counter is showing healthy correction which is

a sign of future upward movement.. can buy on dip but tomolo if dun climb mave face downward movement..

 

I like that "grab some" bit...  if you don't grab, others will grab ... hehe... :)

 

Thank you shplayer for the update.  Congrats. I thought if it goes down to 80 cents, then I will grab some.  Seems like it is not possible today....

 

cashiertan,

this morning dropped to 81.5. Managed to pick up 20 of the 30 lots done at this price.

Now holding steady @ 82.5

 

cant monitor this counter. it drop to 81.5c?

well shplayer.. tonite is fed interest report..

i think players are locking in profit..



wanna sell poems down

 

rickytan,

Just bought back some Rotary this morning @ 81.5.

 

huh? wat u mean? dun understand

 

Comfirm 'siam' and eyeing 23mil is my source...Good luck! Only for long...guys!

 

shplayer, noticed you have been selling quite a nos of your holdings.... hmmmm.... going to throw a big Xmas party huh ?  Just joking lah..... BTW, may I know what price will you re-enter again ?  Thank you.

 

hard to say whether its going up or down.... might still be on an uptrend.

 

cashiertan,

I sold about 40% early Fri trading to lock in some profits and to hedge against any market correction.

I will monitor and pick it up on dips as I think this stock has not seen its full potential yet.

 

hmm. with the XD so close i wonder if i shall sell it?.. how any expert care to share? Singal?

RSI= doen, A/D and Chaikin is down..