ROTARY ENGINEERING - $143.8m CASH . TRADING AT NAV + 12% YIELD

Congrats......
okok, what's your next big stock?

Rotary Engineering Limited (Rotary) not so hot after all.

Reported a second consecutive quarter of losses with 4Q12 net losses to shareholders of S$18m (3Q12: S$66m). Last quarter was marked by additional provisions made for its SATORP project and lower volume of work due to the late start of Fujairah Oil Terminal (FOT) project.

FY12 revenue was down 16% to S$444m, while loss attributable to shareholders was S$80m, compared to profit of S$31m in the previous year. The group proposed a 0.5 S cent dividend for FY12.

Final div only 0.5 cent. No interim.

In Fy2011, 2 cent + 1 cent. How times have changed!

Rotary has never turned back since touching the 40c low which i spotted last time

Now up massive 50% at 62.5c already

Sad that i sold off already