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Yes , I Agreed ! No Logic At All !
Billion Dollars Contracts & Awarded With So Many Awards !
Share Price Keep On Dropping & Given CD So Low With No Sence !
Where The Profit Go ? Directors Fee ? Directors Expenses ? Or Where ?
Dabian ( Date: 15-Jun-2014 12:31) Posted:
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No logic at all. Unless all China spending are false. All billions not real, just lion roar only. Midas also can see their revenue increase, due to expansion, cost will eventually rise n profit will not attractive. Once expansion cost over n continue improve on revenue. That is the time start to lay the golden eggs. Now still feeding to grow to ensure healthy before can lay golden eggs.
nvm. i think is a good value play to consider to Accumulate on any weakness/dip.
sporeshare.blog spot.sg/2014/05/midas.html
Anyone can comment and share whether Donovan Got logic in his statement.
If True then we will sell off all our holding..........approx. 15millions on hands.....
Midas: 12 June 2014, Thursday, 9.22pm Singapore Time
Chart courtesy of Chartnexus.com
All Technical Analysis of Midas are as per illustrated in Daily Chart above.
+ Midas hit 57-58cents Price Satisfaction Zone (PSZ) in January 2013.
From Jan-2013 to Jun-2014:
+ 1.5 years of distribution of the stocks by using good news as carrot (non-stop flow of contracts-clinching announcements)
+ 1.5 years of distribution of the stocks to retail public (traders & investors) on rosy outlook (fundamentals)
+ The non-stop flow of contracts win and rosy fundamental-analysis outlook will not stop the stock from making its big wave down towards multi-year new lows
+ Tentative target: Price Satisfaction Zone (PSZ) of 17cents.
+ Orange region on chart is region where I warned to get out of stocks based on daily FFA previously.
+ Failure to rally on +10.000 FFA is the bear market confirmation for Midas.
Price target of 17 cents represents a -74.2% fall from peak 66cents which is where main major wave down began price target of 17 cents also represents -61.8% fall from current price point of 45.5 cents.
Well, just watch. This is a long road down. You cant see any light in the northwards tunnel, but the light at the end of this southwards tunnel is awaiting this railroad. Based on all areas of analysis, there is no escape route for this stock and it is heading towards a hammering down sell-off.
Singapore & Hong Kong, June 4, 2014 &ndash Midas Holdings Limited (麦 达 斯 控 股 有 限 公 司 ) (" Midas" or the " Company" , together with its subsidiaries, the " Group" SGX-ST stock code: 5EN SEHK stock code: 1021) is pleased to announce that its joint venture company, Nanjing SR Puzhen Rail Transport Co., Ltd. (" NPRT" ) (南 京 南 车 浦 镇 城 轨 车 辆 有 限 责 任 公 司 ) has secured three metro train contracts worth a combined RMB3.5 billion.
The first contract, worth approximately RMB1.5 billion, was awarded by Suzhou Rail Transit Co., Ltd. (苏 州 市 轨 道 交 通 集 团 有 限 公 司 ) for the Suzhou Rail Transit Line 4 and Branch Procurement Contract, with delivery slated between 2015 and 2017.
The second contract, worth approximately RMB0.9 billion, was awarded by Hefei Urban Rail Transit Co., Ltd. (合 肥 城 市 轨 道 交 通 有 限 公 司 ) for the Hefei Rail Transit Line 1 Phases 1 and 2, with delivery slated from 2015 to 2016.
The third contract, worth approximately RMB1.1 billion, was awarded by Hangzhou Metro Group Co., Ltd. (杭 州 市 地 铁 集 团 有 限 责 任 公 司 ) for the Hangzhou Metro Line 4 Phase 1 Stock Procurement Contract, with delivery slated from 2014 to 2017.
These three contracts are expected to contribute positively to the Group&rsquo s financial performance for the 2014 to 2017 financial years.
Commenting on NPRT&lsquo s contract wins, Mr Patrick Chew (周 华 光 ), Executive Director and Chief Executive Officer of Midas, said, " The latest orders bring the total value of contracts announced by NPRT so far this year to over RMB4.5 billion. Having achieved such a strong headstart, we are optimistic that NPRT will continue to capture new opportunities and contribute further to our profitability going forward."
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bo pian, investment in shares must be cash rich......
Else who got the upper hand.....leh
wesely2k ( Date: 12-Jun-2014 08:51) Posted:
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Sibei How Lian, CASH RICH leh !!!
tianji ( Date: 11-Jun-2014 19:14) Posted:
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The reason why Midas is or has not been moving, can be attributed to:
1. Small amount of dividends in 4 quaterly payments. This is not cost effective for the company while it does not encourage dollar averaging on Midas for players who seek long term investment.. Many people use dividends to buy additional shares of a company, but in Midas case, you can only reinvest your dividend for one lot of Midas if you have invested 100 lots. So there is no strong incentive. Furthermore the price never move much from one qtr to another qrter.
2.. Mostly low volume and it never made it to the top shares traded.
Ha ....
We old folks are cash rich and acculumating since 1 May.
We are sure not going to sell any single one.......
Sorry, maybe I have misinterpret your message. :)
You are still postive but is telling those whom have no confident to offload right ? :)
The big big RED RED words give the impression that you are HOT n Angry when you post those.........messages :)
Cheers.
moneycow ( Date: 11-Jun-2014 17:54) Posted:
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ON the 9th, you are so enthusiatically positive.
Today your enthusiasm changes.......like lallang.
Investing in a stock is not a one day or 2 day thing.
Obviously, moving upwards for any stocks are usually nt a straight line up thing.................or the sustainabilty foundation would not be strong and it will fall as fast as it moves up.........
Patients pays - excito impatient attituude simply buy high and quit at low multiple times and start to curse when things move up after they make noises, curse and sold and it flies. :)
Relax. Just wait patiently. Not jump up and down whle day and hope it to fly ion one day............haha....:)
BUT its your cash its your wish. But your noise goes noticed :)
Cheers.
tianji ( Date: 11-Jun-2014 15:02) Posted:
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Fine! Let' s all who feel that it is a ROTTEN EGGS........DUMP ALL PLEASE.....DO NOT BUY......
wesely2k ( Date: 11-Jun-2014 14:57) Posted:
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Rotten Egg liao......... !!!
Coming to 44cents again......
Accumulating at 44cents and below.....
Huat Lar........
More the contracts anounce, more the price going to depress downward.........
More you puzzle more you fear to sell off.
FMs are scoping up once it touches 43cents......
i think a lot of peoples stuck at 0.50 & above, if not break 0.60, no one is gaining......the more you cover, the more you kana stuck.
9 June 2014 CNR bagged RMB21,600,000,000 contracts (RMB21.6 BILLIONS)
8 June 2014 CSR bagged RMB16,800,000,000 contracts (RMB 16.8 BILLIONS)
MIDAS yet to anounce their portion of cakes from this TWO GIANTS CONTRACTS........
This counter is showing good strength. The sign is there for a strong upmove. So can take some bet, I think will be a good one.,
no time to guess
tianji ( Date: 09-Jun-2014 12:22) Posted:
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Warning!!!!
Once 46.5cents being take up by FMs, the trains will shoot up above 50cents.......next resisitence will be at 52.5cents......
4 millions road block are small case.......no worry, just open your eyes big big to evident it to clear......
When ...... haha you guess..... Tian Ji bu ke xie luo