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watch out for mdr
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buddy8
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19-Aug-2014 14:50
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Yah... but its not bad for me. I already vested and nvr forsee it keeps dropping...heavily burnt...
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JexxeLivermore
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19-Aug-2014 14:43
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FYI before Myanmar story this counter traded 0.07-0.10 . Then with Myanmar it short above 0.20 and now the perception it' s going to trade lower than before the Mayanmar business potential !   Do we need rocket scientists to figure it out that it was a con job ?  
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buddy8
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19-Aug-2014 14:42
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It quite sad, had confidence in mdr too... nvr expect it to keep dropping. Guess the other forumners only realised it now as well... ...
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JexxeLivermore
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19-Aug-2014 13:49
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Last trading day of warrant sep19 was not new. Prior to today all I heard was hold on to mdr for the long term when price was 0.08 to 0.13 levels. All of a sudden today I see talk of share dropping to 0.05-0.06 level! Holy cow, hope everyone is happy with what they heard so far! How come no one ever said wait till below 0.07 then accumulate before?
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buddy8
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19-Aug-2014 12:52
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Oic, thanks for insights!
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gufeng
Senior |
19-Aug-2014 12:04
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Hi, The last day of trading of the warrant is 19 Sept. The price of the warrant  will drop to 0-0.001 value as it nears this date and it means the mother share will follow suit at 0.005-0.006. I have sold some of my warrant and mother share anticipating this drop. I will accumulate at 0.006 and exercise some of my warrant.
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buddy8
Member |
19-Aug-2014 10:50
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Hi Gufeng, I Q for 0.007.  Started buying since 0.014-0.015....just bought again at 0.009, 0.008 these few weeks... Which price point u plan to accumlate? Or u can just convert ur warrants
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buddy8
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19-Aug-2014 10:47
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... tot with myanmar story it shoule at least maintain the share price instead of keep dropping |
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dingbat
Veteran |
19-Aug-2014 10:36
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Problem is no buyers only sellers despite MDR' s respectable trajectory. |
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buddy8
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19-Aug-2014 10:29
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Seems like 0.007 will be break... ... |
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height00
Veteran |
18-Aug-2014 14:52
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Good or bad as long price not up meaning a bad investment. Other also went up and come down but MDR remain stagnamt  
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Demostation
Supreme |
18-Aug-2014 13:53
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Seems that BBs mostly dried up because they played their own doom by sacrificing (dumping) their own share prices in order to make your money one way (book loss to you) or another (you throw some to them).In the end they got stuck when the market (of retailers) has not much funds to chase. If they push up from one hand to another, they stand the risk of wash trades that legally can destroy them.. My thinking and supposition.
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gufeng
Senior |
18-Aug-2014 12:56
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Take note that Warrant expires on 25 Sept. People will throw the warrant if they dont want to exercise it as it will become zero value as it nears this date. The mother share will move in tandem with this price drop. However most of the warrant are still being held by the BBs, either they throw or they exercise.The share price doesnt reflect the protential of this share now. I will accumulate as it drops. Good  luck guys.
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JexxeLivermore
Member |
18-Aug-2014 10:41
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I get very fearful when all news and action pointing upward pressure for the price , but did not move accordingly or worst declined. Then again   could just be my right brain thinking. |
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yummygd
Supreme |
14-Aug-2014 12:43
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Thanks!
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gufeng
Senior |
14-Aug-2014 12:42
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As what the CEO say, its a milestone they have clinched the Ooredoo business. This gives them advantages in Myanmar as they establish contacts and relation  with all dealers/shops/phone manufacturer. They have also  already established distribution network throughout Myanmar through their Nokia  Myanmar. All these will give them more power in clinching bigger  retail/service contracts which they are still negotiating. Now I will  try to  convert my warrant to shares and see how mDR going to  consolidate the shares.
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gufeng
Senior |
14-Aug-2014 12:21
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When they take over Shenzhen Quanli, part of the deal is buying a customer list from them. This is the amortization charge. You will see this charge in every quarter result  for 36 months. Retail business is bad in Singapore coupled with high rental and staff cost, it almost not profitable for mDR here. They are negotiating with manufacturer for better pricing. Thats the reason they are expanding business away from Singapore in Pixio/Quanli/Myanmar. They are employing aggressively in Myanmar now as business will accelerate in this few years.
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yummygd
Supreme |
14-Aug-2014 10:20
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Gufeng sorry amortization charge is for e expansion right? So in actual fact the company is profitable but just cause its expanding thats why expenses r higher? Am i wrong?
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buddy8
Member |
13-Aug-2014 22:19
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Hi GuFeng, Thanks for your research and insights. Hope mdr will rebound soon. |
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gufeng
Senior |
13-Aug-2014 20:11
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mDR second quarter result. Result as expect and glad it didnt make larger loss. Some hints in red on where the expansion will come from.  http://infopub.sgx.com/FileOpen/2Q2014_Results.ashx?App=Announcement& FileID=309749 The Group registered losses of $0.3 million and $0.4 million for 2Q-14 and YTD-14 respectively, compared to  profits of $0.5 million and $1.4 million for the respective corresponding periods in 2013.  Excluding the amortization charge, the Group would be profitable at $0.1 million and $0.2 million for 2Q-14 and  YTD-14 respectively at the operating level. The DPAS segment is a profitable business segment for the Group, and efforts are being made to increase DPAS&rsquo contributions to the Group.  MDR Golden is one of two prepaid cards distributors appointed by Ooredoo in Mandalay, and one of six distributors appointed by  Ooredoo nationwide. MDR Golden&rsquo s assigned territory in the 22 townships in Mandalay has an estimated  population size of 4.5 million, compared with an overall population size of about 6.5 million for the Mandalay  region of Myanmar. The Group will strive to grow its  Myanmar operations, not only in the prepaid cards business, but also in the emerging devices and accessories  retail and distribution businesses, which are expected to accelerate upon the full scale rollout of wireless telecommunication services by the two foreign operators Ooredoo and Telenor.  
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