Rotary Engg   

Worth taking a look

71 Now! Cheong Arh!

 

Should be limited to dip to 0.69, the 14sma.

thou a gravestone is formed today, and many TA pointing down, the insider accumulation is still taking place, thus i believe the Dip thou cfm, will be limited. as stated, the dividend is 8c, which makes it 12+%, very hard to drop alot just like in K1 case.

 

From the charts, it's on a downtrend.

If tmr down...then downtrend will be confirm.

 

Nextdoor,

Where are your sources of new contract annoucements from?

 

FA is healthy! But be cautious if you can't hold.

 

My accumulation was between end Aug and mid Sep 06.

 

Hi shplayer, may I know what price did you enter please ?  Thank you.

 

Just want to reiterate that I am an FA practioner.........so, holding on for > 6 months is not a problem as long as the fundamentals of the market and the company remains positive.

 

how can you all tell whats the support level and possible level to break?

I am new u see...

 

More contracts should be on the way for them. Just my guess. :-x

Shplayer goodluck!! Okay i will hold till it break 0.75. Lol...

 

0.65 possible but very hard. 1st it needs to dip below support of 0.685 and 0.665... thou the dividend will be payable likely at may next year. really long way to go..

 

maxtwl,



What I meant is, given the current market sentiment, and the announcement by Rotary of their Div cum Rights issue, it is unlikely that price will go to 65cts as hoped by some members of this blog.



Furthermore, with the potential projects coming onstream ( petrochem by SHELL, Exxon/Mobil, new refinery by Iran, upgrade of SRC refinery, etc), there will be business contract opportunities for Rotary.



As to whether it will break  75cts, your guess is as good as mine......but I am still vested.

 

STOCKWATCH - Singapore oil and gas plays extend gains on strong prospects

 

shplayer,

So u mean outlook of rotary will be up instead? Rotary to break 75 what you think?

 

Unless something drastic happens to the world markets, rotary price will be supported by the div/rights issue........bear in mind the div is a sect44 distribution.



Furthermore, the announcement in the press yesterday that Iran plans to build a refinery here (and also in Indonesia and China) bodes well for Rotary's future business.

 

Firebear, agree, I will buy more if it goes below 0.65. Good luck to those still holding this counter. 

 

awchyeong, cashiertan,



ROTARY is not in the property business nor is it in similiar business as Tiong Woon.

You may like to chack out Rotary's website or posts in other Rotary threads in this blog to get a better idea of the business they are in. 

 

i don't think will go below 0.65 although i too will be happy to collect...hehe :p

 

Agree with Spore gal.

Parabolic turning.....me waiting to collect below 0.65

 

Doji formed today. wanna guess big move up or down tomolo?