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Midas

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eurekaw
    09-Nov-2012 12:06  
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Hi, been following your posts.

Is nice that you posted information but seemed like whenever you are in certain counter, you started to promote very fiercely, posted many analysts reports (which cannot be trusted) and pressed down hard on others who posted against your view. You have been going against sgshares and finally he was right for Midas & Ausgroup.

I've realised that you have sold your holdings in Midas and jumped into shorting Ezion for awhile then out and jumped back into Ausgroup and now jumped in Wilmar. You were promoting Midas so fiercely only realised you were wrong. You encouraged ppl to buy Ausgroup at $0.51 / $0.52 then so strongly and it dropped. Now you entered Wilmar. Btw, Wilmar is still in their downtrend (I am not saying it wont go up)


Ermm...anyway, not posting here to argue with you but please dont post those assumption of the future which may mislead newsbie. Looked like some newbies have lost and disappeared from the forum already. Xin9999, are you still around? Hope you are ok.


Thank you for your understanding.

khng2012      ( Date: 09-Nov-2012 09:48) Posted:



Very painful to cut midas.

Now in Wilmar.

New123      ( Date: 09-Nov-2012 09:45) Posted:



yup! i think u hv made the right choice of letting go when u doesn't feel ok. is always painful to cut-loss but is the only way to protect your capital


 
 
JustinQuek
    09-Nov-2012 11:28  
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long long time ago was struggling in midas.

Annual Production will more than double in a years time

That said during year 2011 there was this train corruption scandal etc the train crash collision etc

that halted contracts.

Hence in year 2011 few contracts was awarded.

Train contracts take 2 years etc for example to be in accounts. Midas performance this year should be based on the events of 2 years ago.....

Simple said .Running on empty stomach.

JustinQuek      ( Date: 10-Sep-2011 23:14) Posted:



Midas has fallen 60 percent. Since this year. 75 percent for 3 years. 

Profits have increased by 30 percent

Annual Production will more than double in a years time.

Contracts have been secured before hand.

Owns 32.5 % stack in a company that has billions of contracts.

 

Not an Issue   Price below NAV 

not a company that is losing money

 

Fair Value i say is 46 cents. 

 
 
khng2012
    09-Nov-2012 11:16  
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Actually you can see next door Ezion. They announce result, Ezion up a bit they stun there for a day. After DBS and other brokers upgrade the price further, It chiong continually.

I believe Wilmar will be the same case, It will chiong continually in next week if Dow is not too bad and China don't be funny during this politic handover period.

khng2012      ( Date: 09-Nov-2012 11:11) Posted:



Long term, you shall buy Wilmar now since the result turn better. I am very impressed by their Sugar and Soybean division. This profit will continue to grow in 4Q since the price of Soybean is drop and Sugar announce harvest in Australia and Brazil.

Today Wilmar dragged by Noble and Dow yesterday market and result release in the morning, no brokers give rating yet but soon.

Wilmar worth for a buy now actually. But I don't know where is the selling strength in the whole morning to bring it from 3.26 down to 3.21 now. Quite fishy...

halleluyah      ( Date: 09-Nov-2012 11:06) Posted:



BroKhng u just went in tdy or yesterday. Current reaching high is abt 3.26-3.28. Still safe to go in now


 

 
khng2012
    09-Nov-2012 11:11  
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Long term, you shall buy Wilmar now since the result turn better. I am very impressed by their Sugar and Soybean division. This profit will continue to grow in 4Q since the price of Soybean is drop and Sugar announce harvest in Australia and Brazil.

Today Wilmar dragged by Noble and Dow yesterday market and result release in the morning, no brokers give rating yet but soon.

Wilmar worth for a buy now actually. But I don't know where is the selling strength in the whole morning to bring it from 3.26 down to 3.21 now. Quite fishy...

halleluyah      ( Date: 09-Nov-2012 11:06) Posted:



BroKhng u just went in tdy or yesterday. Current reaching high is abt 3.26-3.28. Still safe to go in now?

khng2012      ( Date: 09-Nov-2012 09:48) Posted:



Very painful to cut midas.

Now in Wilmar


 
 
halleluyah
    09-Nov-2012 11:06  
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BroKhng u just went in tdy or yesterday. Current reaching high is abt 3.26-3.28. Still safe to go in now?

khng2012      ( Date: 09-Nov-2012 09:48) Posted:



Very painful to cut midas.

Now in Wilmar.

New123      ( Date: 09-Nov-2012 09:45) Posted:



yup! i think u hv made the right choice of letting go when u doesn't feel ok. is always painful to cut-loss but is the only way to protect your capital


 
 
All-In-Trader
    09-Nov-2012 10:55  
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I am glad to you gave up coz you are  a non believer in this counter from the start.
 

 
khng2012
    09-Nov-2012 09:48  
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Very painful to cut midas.

Now in Wilmar.

New123      ( Date: 09-Nov-2012 09:45) Posted:



yup! i think u hv made the right choice of letting go when u doesn't feel ok. is always painful to cut-loss but is the only way to protect your capital.

khng2012      ( Date: 09-Nov-2012 09:29) Posted:



I have say goodbye to Midas until they can make profit.

Loss making, got project also useless, Now I don't even know how is their operationg cost, admin cost and all the costs now toward future order come in.


 
 
New123
    09-Nov-2012 09:45  
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yup! i think u hv made the right choice of letting go when u doesn't feel ok. is always painful to cut-loss but is the only way to protect your capital.

khng2012      ( Date: 09-Nov-2012 09:29) Posted:



I have say goodbye to Midas until they can make profit.

Loss making, got project also useless, Now I don't even know how is their operationg cost, admin cost and all the costs now toward future order come in.

 
 
khng2012
    09-Nov-2012 09:29  
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I have say goodbye to Midas until they can make profit.

Loss making, got project also useless, Now I don't even know how is their operationg cost, admin cost and all the costs now toward future order come in.
 
 
New123
    09-Nov-2012 09:24  
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i think it will go down to 35 cents . u can get it cheaper..

Ann3332      ( Date: 09-Nov-2012 09:16) Posted:



Hope this good news will be able to benefits midas with more projects win and be profitable in 2013

  http://www.globaltimes.cn/content/743305.shtml

 

 

 
Ann3332
    09-Nov-2012 09:16  
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Hope this good news will be able to benefits midas with more projects win and be profitable in 2013

  http://www.globaltimes.cn/content/743305.shtml

 
 
 
ozone2002
    08-Nov-2012 13:52  
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{DBS}

MIDAS announced it expects to book at loss for 3Q12 due to

1) lower revenue 2) higher operating and finance costs as

well as 3) share losses from associate Nanjing Puzhen Railway

Transport. For the 9 months till Sept12, Midas still expects to

stay profitable. While the 3Q12 loss is unexpected by our

analyst, he maintains his view that the company should be

able to achieve a strong turnaround next year for its core

aluminium extrusion business.

 
 
skylark
    08-Nov-2012 12:49  
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height00
    08-Nov-2012 12:21  
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They are trying to give a good impression of the stock by giving tiny dividend no matter what still better than Changtian giving nothing since listing.
 
 
Sgshares
    08-Nov-2012 09:08  
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STI looks fine.
 

 
chartreader
    08-Nov-2012 08:30  
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Bro Solomon check pm

chartreader      ( Date: 08-Nov-2012 07:53) Posted:

You doing well bro. CMZ I have (short)

solomonster      ( Date: 07-Nov-2012 22:44) Posted:



still have half of my bullet. Actually, I am expecting one more up thrust which will test last high. It seems it won't happen and Europe could be the catalyst for the pull back.  It's not too late to join the party now, thanks for couple of days upside. 

Let's the party start. The only regret, I can't get ChinaMinZhong. can't get position since last week. Hopefully, you get some.  


 
 
chartreader
    08-Nov-2012 07:53  
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You doing well bro. CMZ I have (short)

solomonster      ( Date: 07-Nov-2012 22:44) Posted:



still have half of my bullet. Actually, I am expecting one more up thrust which will test last high. It seems it won't happen and Europe could be the catalyst for the pull back.  It's not too late to join the party now, thanks for couple of days upside. 

Let's the party start. The only regret, I can't get ChinaMinZhong. can't get position since last week. Hopefully, you get some.  

chartreader      ( Date: 07-Nov-2012 21:39) Posted:

Bro, this one I do not short. I have too many short in my speculative portfolio already


 
 
JustinQuek
    08-Nov-2012 06:58  
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first time i see midas give tiny dividend before profit guidance...

normally wont do this .lol 
 
 
khng2012
    08-Nov-2012 06:48  
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To add on.

Due to warm winter in 2011 to 2012 and less export facility in US, US gas price is record low in 2012 and drag coal down since gas replace coal for electric generation. Further more, global coal price drop due to US coal export and warm winter but global gas price still stay 3 time higher than US.

Reason of turn around in 2013 for gas and coal

1) colder winter in 2012-2013.
2) follow with a colder winter drier season come to affect hydroelectric and force China burn more coal for electric generation.
3) Japan and Germany stop using nuclear electric generation. The cheaper replacement is coal
4) India facing energy shortage.
5) low price in 2012 has forced coal and gas mining company cut production in US and global in coal.

World economic will go down till 2013 April and pick up for next winter and Christmas preparation.

Just be careful from now till April 2013.

khng2012      ( Date: 08-Nov-2012 06:37) Posted:

As you can see in my previous post, I dislike SGX. The volume is so thin to allow BB to manipulate the price up or down.

I just bought Chesapeake (natural gas company) last night in US market. I will close Midas and pay Chesapeake.

I would rather rely on US nature gas price recovery instead of waiting the mood of BB.

SGX never investigate all these internal leak out. Why so funny that here pump and dump to push price high and pull small fish here to unload today. Later announced profit warning.

Anyway, my aims is to transfer 70% portfolio share to energy group (coal and gas) in US market in this low USD environment. Commodity price is dropping, property price in sg will be soften, COE will stop to raise, Singapore start to move to recession and inflation will ease soon.

If you notice 8 out of 10 company report loss in currency due to high SGD. High SGd also affect export, production and employment rate. It is time for SG government depreciate SGX to make Singapore company to be competitive in global market.



skylark      ( Date: 07-Nov-2012 23:54) Posted:

khng2012, read your earlier posts. Thought you were always a strong proponent of midas going up in the near future. How come sell all? 


 
 
khng2012
    08-Nov-2012 06:37  
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As you can see in my previous post, I dislike SGX. The volume is so thin to allow BB to manipulate the price up or down.

I just bought Chesapeake (natural gas company) last night in US market. I will close Midas and pay Chesapeake.

I would rather rely on US nature gas price recovery instead of waiting the mood of BB.

SGX never investigate all these internal leak out. Why so funny that here pump and dump to push price high and pull small fish here to unload today. Later announced profit warning.

Anyway, my aims is to transfer 70% portfolio share to energy group (coal and gas) in US market in this low USD environment. Commodity price is dropping, property price in sg will be soften, COE will stop to raise, Singapore start to move to recession and inflation will ease soon.

If you notice 8 out of 10 company report loss in currency due to high SGD. High SGd also affect export, production and employment rate. It is time for SG government depreciate SGX to make Singapore company to be competitive in global market.



skylark      ( Date: 07-Nov-2012 23:54) Posted:

khng2012, read your earlier posts. Thought you were always a strong proponent of midas going up in the near future. How come sell all? 

 
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