Rowsley is slowly creeping up since morning. The closing last Friday was 0.174 and today it gap up and ran again to a high of 0.184. The buyers started to come in again after some hesitation and now the sellers are mounting and storing energy for the next wave sell down. This is a risky counter as the BBs are very skillful but I will uncover more in my talk tomorrow on how the 1 Lot marking works. See you all there!
Rowsley news out:
- Swung to 2Q17 net profit of $1.2m from $5.3m loss a year ago, mainly due to a $4.2m remeasurement gain.
- Revenue inched 1% higher to $22.5m amid a challenging real estate market in Singapore but supported by overseas markets as well as maiden sales from Squire Mech, which became a wholly-owned subsidiary in Aug 2016.
- Contributions from RSP India and Malaysia also turned around from a loss last year.
- NAV/share was almost flat at 8.63¢.
Ronald K - Market Psychologist - A Stock Market Opportunist
