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Midas

risktaker
Supreme

11-Nov-2009 09:57

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nice swap 283 with 333:)

Transformers Robots in Disguise

Biggie boys Rally in Disguise

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abc2xyz
Senior

11-Nov-2009 09:30

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Honestly, the break out for Midas is >=90.5 cents. So if we sell now, better be prepared to double buy at 90.5 to 91 cents as it might shoot beyond $1.00 in a short time, est within 3 months.

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risktaker
Supreme

11-Nov-2009 08:47

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Results are simple and straight forward. Pretty good company.

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Philgoh57
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11-Nov-2009 08:40

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http://midas.listedcompany.com/newsroom/20091110_173829_5EN_A01F2A5EEDE7217D4825766A002A5CB9.1.pdf

tonylim ( Date: 10-Nov-2009 19:11) Posted:

MIDAS’ THIRD QUARTER NET PROFIT RISES 17.4% TO S$9.4 MILLION

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Revenue contribution from Aluminium Alloy Division up 7.8% to S$35.2 million
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Gross profit margin increases to 40.2% in 3Q2009 from 33.9% in 3Q2008
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Proposes third interim cash dividend of 0.25 Singapore cents per ordinary share

risktaker ( Date: 10-Nov-2009 16:42) Posted:

I know what ur trying to do but BB wont buy it. Anyway they are keen to pump this baby so ... let it go by its course naturally. :)

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waynekwek
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10-Nov-2009 23:12

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tonylim, did you make a mistake? I think it should be S$0.0025 right? not S$0.25....

Will this gem hit $1?

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star888
Member

10-Nov-2009 21:47

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Wow! this stock is hot, look at the huge interest and posting. Can bet on it

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tonylim
Master

10-Nov-2009 19:11

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risktaker ( Date: 10-Nov-2009 16:42) Posted:

I know what ur trying to do but BB wont buy it. Anyway they are keen to pump this baby so ... let it go by its course naturally. :)

abc2xyz ( Date: 10-Nov-2009 16:39) Posted:

We need to use reverse psychology in stock markets? You are not near to wrong.

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risktaker
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10-Nov-2009 16:42

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I know what ur trying to do but BB wont buy it. Anyway they are keen to pump this baby so ... let it go by its course naturally. :)

abc2xyz ( Date: 10-Nov-2009 16:39) Posted:

We need to use reverse psychology in stock markets? You are not near to wrong.

risktaker ( Date: 10-Nov-2009 16:30) Posted:

i think you brought at 0.82 and wanted to exit 90 cents :) Have to break 0.86 barrier first but i believe it will by tomorrow or wednesday

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Sporeguy
Elite

10-Nov-2009 16:42

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MIDAS HOLDINGS LIMITED
(THE "COMPANY")
(Company Registration Number: 200009758W)
USE OF PROCEEDS FROM THE PLACEMENT OF 120,000,000 ORDINARY SHARES IN THE CAPITAL
OF THE COMPANY
Further to the Company's announcement on 28 August 2009, the Company wishes to announce that
another S$35.0 million has been disbursed as instalment payments for the acquisition of two aluminium
alloy extrusion presses, auxiliary machineries and infrastructure.
S$ million
Disbursement announced on 28 August 2009: 36.1
Disbursement announced on 10 November 2009: 35.0
71.1
The Company will continue to make periodic announcements on the utilisation of the balance of the Net
Proceeds from the placement as and when material disbursements are made.
BY ORDER OF THE BOARD
Chew Hwa Kwang, Patrick
Chief Executive Officer

10 November 2009

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abc2xyz
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10-Nov-2009 16:39

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We need to use reverse psychology in stock markets? You are not near to wrong.

risktaker ( Date: 10-Nov-2009 16:30) Posted:

i think you brought at 0.82 and wanted to exit 90 cents :) Have to break 0.86 barrier first but i believe it will by tomorrow or wednesday

abc2xyz ( Date: 10-Nov-2009 16:24) Posted:

My short position is at 82 cents. My stop loss (buy back) is 90.5 cents.

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risktaker
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10-Nov-2009 16:30

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i think you brought at 0.82 and wanted to exit 90 cents :) Have to break 0.86 barrier first but i believe it will by tomorrow or wednesday

abc2xyz ( Date: 10-Nov-2009 16:24) Posted:

My short position is at 82 cents. My stop loss (buy back) is 90.5 cents.

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abc2xyz
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10-Nov-2009 16:24

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My short position is at 82 cents. My stop loss (buy back) is 90.5 cents.

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tonylim
Master

10-Nov-2009 16:23

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When it reaches your 8-8.2 range, you will wait for it to drop further. There is no end to it - this is human kiasu syndrome.

Seems like there is no news on its 3Q results, besides the divident announcement.

Just a gentle reminders for those faint hearted:

Rmb1.76bn metro train contract secured but more could come.

China’s railway network set to become second largest in the world.

Proposed secondary listing in Hong Kong.

Target price for Midas is S$1.14

rpires ( Date: 10-Nov-2009 16:17) Posted:

future is trending down in the afternoon. I think american is going to open softer. there is resistance at 855 860 barrier. i rather wait until it come down to 800 to 820 before considering.

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rpires
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10-Nov-2009 16:17

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future is trending down in the afternoon. I think american is going to open softer. there is resistance at 855 860 barrier. i rather wait until it come down to 800 to 820 before considering.

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abc2xyz
Senior

10-Nov-2009 15:38

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Better don't post charts. Too many times, the charts failed to establish the truth, the true path.

ozone2002 ( Date: 10-Nov-2009 15:27) Posted:

this counter startin to show its shine!..

later u see someone else come out n post his graphs n charts..

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ozone2002
Supreme

10-Nov-2009 15:27

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this counter startin to show its shine!..

later u see someone else come out n post his graphs n charts..

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risktaker
Supreme

10-Nov-2009 15:26

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Touch 0.86 hmmmm try to break 0.86 :)

limkt009 ( Date: 09-Nov-2009 20:18) Posted:

Don't even dream it will happen.

risktaker ( Date: 09-Nov-2009 15:47) Posted:

it should break 0.86 and test 0.90 this week.

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risktaker
Supreme

10-Nov-2009 10:11

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Zhou Yu is not in this baby anymore. So the current price is quite steady. It will go up steady after Q3 results but accumulation already started since last week.

limkt009 ( Date: 09-Nov-2009 20:18) Posted:

Don't even dream it will happen.

risktaker ( Date: 09-Nov-2009 15:47) Posted:

it should break 0.86 and test 0.90 this week.

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jackjames
Elite

09-Nov-2009 22:31

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I don't see any problem Midas goes up to 88 cents.

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limkt009
Veteran

09-Nov-2009 20:18

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Don't even dream it will happen.

risktaker ( Date: 09-Nov-2009 15:47) Posted:

it should break 0.86 and test 0.90 this week.

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