| Latest Forum Topics / MDR |
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watch out for mdr
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unique6
Member |
01-Jul-2017 20:41
Yells: "Good time no bad stocks. Bad times no good stock? " |
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Executive Chairman, Non-Independent Executive Director
Date of first appointment : 11 May 2017 Executive Chairman, Non-Independent Executive Director - EDWARD LEE EWE MING Mr Edward Lee is the Managing Director of Edward Lee Apartments Private Limited and Edward Lee Residences Private Limited. Mr Lee was previously a Senior Consultant at Cambridge Associates where he led the firm?s hedge fund research in Asia and constructed and oversaw hedge fund portfolios for a broad range of clients. Prior to joining Cambridge Associates, Mr Lee was the Corporate Finance Director of First World Capital. He was also previously an Investment Banking Analyst at Lehman Brothers, Inc. where he worked on mergers & acquisition, initial public offering, and debt restructuring exercises in the South East Asia region. Mr Lee received a Bachelor of Commerce in Accounting/Finance from the University of Melbourne and was a Deacons Graham James Scholar at the Melbourne Law School. From mdr site. Looks promising the profile. Not vested yet. May consider if good news ahead.
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balasuperman
Member |
22-Jun-2017 12:20
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edward lee has become managing director with investment of slightly more than 10million dollars of a company that has more than 61million in cash and assets. string of resignation has followed by people who had been improving the company the last few years.Hopefully he will bring the company forwarrd but am a bit worried as the price has dropped showing some are losing confidence in company and edward who was initially buying up the shares has stopped after becoming managing director so most likely not a takeover target. Hope for the best. still vested   |
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shareluck
Veteran |
19-Jun-2017 12:55
Yells: "buy share also need some luck to win " |
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hope both mDR and Polaris can cross 0.01 soon | ||||
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buddy8
Member |
19-Jun-2017 11:05
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RESIGNATION OF DIRECTORS  (i) Mr Philip Eng Heng Nee (ii) Mr Quah Ban Huat and (iii) Mr Ng Tiak Soon.  Big shakeup in mDR.   Lets hope for the better! |
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colincheong
Senior |
16-May-2017 11:39
Yells: "Huat Ah...." |
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What big shot is our  Edward Lee Ewe Ming? Does anyone know his background?   |
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Invest1
Elite |
15-May-2017 22:40
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He controlled over 20% now. When can trigger takeover? | ||||
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balasuperman
Member |
13-May-2017 11:35
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Edward lee is now the controlling director of MDR. The company has 30 million in cash reserves and assets worth another 30 million, He has also sold more than 100million shares of IPCO a company taht was in   the news for the wrong reasons hopefully he will move the company forwrd. |
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AndyLoss
Master |
12-May-2017 14:22
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its 0.006 now ...time to enter ?
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SmallSmall
Supreme |
11-May-2017 21:09
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All I know is that at least Edward Lee is a player and his avg cost for his recent purchases are about $0.0065. If you can get it at $0.006 would good (though highly unlikely since he seems to be soaking up the shares at $0.007.  About $9 - $10 mil was invested the last few days by Edward Lee on MDR. Either he has too much $ to burn or he is up to something. For me buy $0.007 sell $0.008 (or even cut back $0.007) is good enough as this is a volume game. Vested @ $0.007     |
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buddy8
Member |
11-May-2017 20:53
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Notice both of them invest in companies together. How are they related? | ||||
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shareluck
Veteran |
11-May-2017 20:35
Yells: "buy share also need some luck to win " |
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maybe some development is going on   |
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buddy8
Member |
11-May-2017 20:28
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Edward Lee and  Zhang Yanmin increase stake in mDR significantly.   Any potential they see in mDR? |
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shareluck
Veteran |
11-May-2017 19:41
Yells: "buy share also need some luck to win " |
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bought another 20,000,000 shares 
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buddy8
Member |
11-May-2017 18:56
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" Despite the muted economic conditions in Singapore and Malaysia, the Group&rsquo s AMS, DMS and DPAS operations have performed better than expected in 1Q17. Barring unforeseen circumstances, we expect these three business segments to continue to deliver positive results. Page 13 of 15 Notwithstanding the Group&rsquo s exit from the Myanmar market, we remain committed to continue to explore new businesses and markets both within and outside of Singapore. "   Seems outlook to be postive ! |
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buddy8
Member |
11-May-2017 18:54
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Revenue and Profit after income tax The Group&rsquo s revenue decreased by 4% from $76 million in 1Q-16 to $72.9 million in 1Q-17, due mainly to the decrease in revenue from DMS business from $66.8 million to $63.3 million. The decline in DMS revenue was however mitigated by a 5% increase in AMS revenue from $7.5 million in 1Q-16 to $7.9 million in 1Q-17. Despite an 18% decline in AMS repair volume in 1Q17, AMS revenue was higher due mainly to more out-of-warranty repairs. Gross margins for AMS and DMS businesses remained at 21% and 7% respectively, quarter-on-quarter. Gross margins for DPAS business declined 1% from 28% in 1Q-16 to 27% in 1Q-17, due mainly to the reclassification of plant and machinery depreciation expense to cost of goods sold. Overall the Group&rsquo s gross profit margin for 1Q- 17 remained unchanged at 9%. With the cessation of business operations for Pixio Myanmar Co.,Ltd and MDR Golden Myanmar Sea Company Ltd in March 2017, the Group recognized an impairment loss of $56,000 for its plant and equipment, provision for doubtful trade receivables of $82,000 and provision for closure costs of $198,000. An allowance of $306,000 for advances owing from Pixio Myanmar Co., Ltd and MDR Golden Myanmar Sea Company Ltd was provided by the Company. The Group registered a net loss of $13,000 for 1Q-17 compared to net profits of $93,000 in 1Q-16, due mainly to the provision of closure costs of $198,000.  |
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buddy8
Member |
11-May-2017 18:24
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Zhang Yanmin is also major shareholder. 11.32% | ||||
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Invest1
Elite |
11-May-2017 15:55
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Andy, if you can afford $4k for 500 lots. And can  stomach the loss, then go for it. If you just want to contra for 1 week, better not. |
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AndyLoss
Master |
11-May-2017 15:38
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shud enter or not ??
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QueenMaya
Senior |
11-May-2017 14:19
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History of this character not very good leh.  
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shareluck
Veteran |
11-May-2017 12:22
Yells: "buy share also need some luck to win " |
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lets hope for a good set of result today
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