Inside Trader comments...In this tough market we've gone for an...

Inside Trader comments...

In this tough market we've gone for an engineering company connected to the mining industry. Currently it's paying a 4.5% dividend yield with a pretty good earnings yield of almost 15%. A director recently bought $644K worth of shares and 4 analysts have a buy rating on it.

It has gone from almost $3 to $1.10 in around 3 months. Definitely worth some further investigation...


from their website...

RCR Tomlinson Ltd is a multi-disciplinary engineering company with a range of specialist operating divisions.

RCR's multi-disciplinary approach to meeting its clients' needs is a key point of differentiation in highly competitive markets. Engineering solutions encompass all critical elements using in-house expertise. This integrated approach offers RCR's clients high performance and reliability for the operational life of the product or system, together with reduced maintenance and operating costs.

Headquartered in Perth, RCR also has large sites in Brisbane, Newcastle, Bunbury and Geraldton, with workshops and other facilities located throughout Australia and in New Zealand.

RCR's major projects continue to increase in scope and value for clients such as Pilbara Iron, BHP Billiton, Newcrest Mining and Iluka Resources.
Nielsen Indicator Buying Level