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Rotala (ROL)

Business description

Robust's principal assets are the Lakuwahi gold and base metal project on Romang Island, Indonesia and its 87.3% interest in AIM-listed Tengri Resources, which holds the Andash, Talas and Bashkol gold/copper projects in the Kyrgyz Republic.

Acquisition and new hub

Update | Industrial Support Services | 26/01/2011

Rotala’s acquisition of Preston Bus Ltd (PBL) from Stagecoach highlights precisely the strategy, rationale and benefits of its business model. With Stagecoach agreeing with the Competition Commission to sell its Preston operations, we feel we may have witnessed real evidence of the long-term potential of the strategy. The £3.2m acquisition is anticipated to be earnings enhancing in the current year and provides not only increased revenue, but also a new hub from which the group can expand.

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Stock data

Market cap.A$94.8m
Last closeA$0.480
High / Low (52 weeks)A$0.5 / A$0.5
Stock market listingAU
Forecast net cash (A$m)13.2
Forecast gearing ratio (%)N/A
SectorIndustrial Support Services

Price performance

Relative *(1.1)(1.2)(4.8)

* % Relative to local index