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9601-9620 of 10484
Hope so man. If this friday q2 results sounds positive then ho say liao.
dealer0168 ( Date: 05-Aug-2009 16:55) Posted:
Put queue at 0.835 this afternoon. Luckily got it. Hope all of us huat.....Cheers.
raymondho ( Date: 05-Aug-2009 00:31) Posted:
Dealer0168 as indicates yi lu fa! you are one of the smart investors in this forum I used to read yours as well.
Posible ! wish you good luck, I will hold there wait you come up with us, let's huat together !! |
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Put queue at 0.835 this afternoon. Luckily got it. Hope all of us huat.....Cheers.
raymondho ( Date: 05-Aug-2009 00:31) Posted:
Dealer0168 as indicates yi lu fa! you are one of the smart investors in this forum I used to read yours as well.
Posible ! wish you good luck, I will hold there wait you come up with us, let's huat together !! |
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Sure, waiting for your coffee, but must be on Sundays or public holidays, as weekdays too busy monitor and analyse mkt.
el7888 ( Date: 05-Aug-2009 16:24) Posted:
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Not to worry la, this is my own decision. BUT if I win, buy you coffee loh.
richtan ( Date: 05-Aug-2009 16:21) Posted:
| This is like a "fire-sale", good time to grab as much as I can, but hor, dyodd, if u follow me buy, must set your stop-loss n dun blame me but yourself bcos i dun hold a revolver at your herad n force u to buy ho |
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Not to worry la, this is my own decision. BUT if I win, buy you coffee loh.
richtan ( Date: 05-Aug-2009 16:21) Posted:
This is like a "fire-sale", good time to grab as much as I can, but hor, dyodd, if u follow me buy, must set your stop-loss n dun blame me but yourself bcos i dun hold a revolver at your herad n force u to buy hor
el7888 ( Date: 05-Aug-2009 16:17) Posted:
| Very nice uptrend chart for this stock. Feel like getting in too. Maybe by end of today |
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ok, so this "buy back" 120million shares doesn't have any significant meanings lah.
risktaker ( Date: 05-Aug-2009 13:22) Posted:
The directors did not sell it, it just loan it out for new share placement. Once new share placement has been completed the shares are transferred back to the directors.
jasonsg ( Date: 05-Aug-2009 13:13) Posted:
| I still don't get. The sale of the shares 120million is quite sensible as it is the placed shares. so company got about 0.1bsd. then on 24th, the directors buy back 120million shares. How do they buy back such a large amount of shares in one day? Are directors that rich? (almost 0.1b)? and why the directors need buy back?
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The directors did not sell it, it just loan it out for new share placement. Once new share placement has been completed the shares are transferred back to the directors.
jasonsg ( Date: 05-Aug-2009 13:13) Posted:
I still don't get. The sale of the shares 120million is quite sensible as it is the placed shares. so company got about 0.1bsd. then on 24th, the directors buy back 120million shares. How do they buy back such a large amount of shares in one day? Are directors that rich? (almost 0.1b)? and why the directors need buy back?
risktaker ( Date: 05-Aug-2009 12:35) Posted:
Ok look at this example.
Midas has 1000 million shares. They decided to issue new 120 million shares to private placement. In order to have a speedy & cost effective placement Midas director loan out 120 million shares to its fund manager. Private investor are contacted and happy to purchase all the 120 million shares @ a discount. Initial offer is 100 million shares but due to the overwhelming interest from investors they throw in another 20 million share.
Therefore after the new placement of shares the company total shares is 1120 million shares and 120 million shares are return to the directors that previous loan out the shares.
Why they do this ?
1) Fast & cost-effective as it reduce alot of admin cost.
2) They have to expand to meet its book order.
Midas can be easily in the range of $1.2 - $1.6 by early next year. FY10 book order are expected to raise many times. |
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I still don't get. The sale of the shares 120million is quite sensible as it is the placed shares. so company got about 0.1bsd. then on 24th, the directors buy back 120million shares. How do they buy back such a large amount of shares in one day? Are directors that rich? (almost 0.1b)? and why the directors need buy back?
risktaker ( Date: 05-Aug-2009 12:35) Posted:
Ok look at this example.
Midas has 1000 million shares. They decided to issue new 120 million shares to private placement. In order to have a speedy & cost effective placement Midas director loan out 120 million shares to its fund manager. Private investor are contacted and happy to purchase all the 120 million shares @ a discount. Initial offer is 100 million shares but due to the overwhelming interest from investors they throw in another 20 million share.
Therefore after the new placement of shares the company total shares is 1120 million shares and 120 million shares are return to the directors that previous loan out the shares.
Why they do this ?
1) Fast & cost-effective as it reduce alot of admin cost.
2) They have to expand to meet its book order.
Midas can be easily in the range of $1.2 - $1.6 by early next year. FY10 book order are expected to raise many times. |
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It could be this thursday, as i am based on their previous release date. 7th August. But maybe due to the coming National Day, they might change it to Thursday.
The highly positive results shall be in by latest this friday.
Good luck to all
richtan ( Date: 05-Aug-2009 12:55) Posted:
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Hi risktaker,
Is it confirmed this Fri, bcos I read in one broking house reports tat expected results released is on this Thurs, ie tomoro.
Thks
risktaker ( Date: 05-Aug-2009 12:51) Posted:
| This Friday. If you want to go in better go in today. : |
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Hi risktaker,
Is it confirmed this Fri, bcos I read in one broking house reports tat expected results released is on this Thurs, ie tomoro.
Thks
risktaker ( Date: 05-Aug-2009 12:51) Posted:
This Friday. If you want to go in better go in today. :)
magdaleneng ( Date: 05-Aug-2009 12:44) Posted:
| When's Midas reporting results? |
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This Friday. If you want to go in better go in today. :)
magdaleneng ( Date: 05-Aug-2009 12:44) Posted:
| When's Midas reporting results? |
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When's Midas reporting results?
Ok look at this example.
Midas has 1000 million shares. They decided to issue new 120 million shares to private placement. In order to have a speedy & cost effective placement Midas director loan out 120 million shares to its fund manager. Private investor are contacted and happy to purchase all the 120 million shares @ a discount. Initial offer is 100 million shares but due to the overwhelming interest from investors they throw in another 20 million share.
Therefore after the new placement of shares the company total shares is 1120 million shares and 120 million shares are return to the directors that previous loan out the shares.
Why they do this ?
1) Fast & cost-effective as it reduce alot of admin cost.
2) They have to expand to meet its book order.
Midas can be easily in the range of $1.2 - $1.6 by early next year. FY10 book order are expected to raise many times.
so it means after the placement of 120million shares, the directors buy back all the placed shares? This does'nt make sense to me, if the directors have the money, why they need to place new shares? Anybody to answer this?
risktaker ( Date: 05-Aug-2009 05:16) Posted:
Midas has a very high chance to hit 0.92 mark this week, as the bulls from US are restarting to run again.
The insider trade which transfer shares to and out of directors is for LISTING OF 120,000,000 ORDINARY SHARES on 16 July.
The shares was transferred out of the directors which they sell it out in open market to few selected funds/investors. Upon approval of placement of 120,000,000 new shares from the SGX, the 120,000,00 new shares was return to the directors on 26th July 2009.
Will invest in midas today, as this week there is a high chance that it will cross 0.92. I agree with richtan chart analysis.
The Iron Bull is on the loose to kick the bear in the arse
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Placement to DBS as fund mgr..just like Genting at first drop to 63cts later also push up again
richtan ( Date: 05-Aug-2009 09:30) Posted:
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Hi risktaker,
Many thanks for sharing my view, but must dyodd and remember to set stop-loss or trailing stops.
risktaker ( Date: 05-Aug-2009 05:16) Posted:
Midas has a very high chance to hit 0.92 mark this week, as the bulls from US are restarting to run again.
The insider trade which transfer shares to and out of directors is for LISTING OF 120,000,000 ORDINARY SHARES on 16 July.
The shares was transferred out of the directors which they sell it out in open market to few selected funds/investors. Upon approval of placement of 120,000,000 new shares from the SGX, the 120,000,00 new shares was return to the directors on 26th July 2009.
Will invest in midas today, as this week there is a high chance that it will cross 0.92. I agree with richtan chart analysis.
The Iron Bull is on the loose to kick the bear in the arse
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Hi risktaker,
Many thanks for sharing my view, but must dyodd and remember to set stop-loss or trailing stops.
risktaker ( Date: 05-Aug-2009 05:16) Posted:
Midas has a very high chance to hit 0.92 mark this week, as the bulls from US are restarting to run again.
The insider trade which transfer shares to and out of directors is for LISTING OF 120,000,000 ORDINARY SHARES on 16 July.
The shares was transferred out of the directors which they sell it out in open market to few selected funds/investors. Upon approval of placement of 120,000,000 new shares from the SGX, the 120,000,00 new shares was return to the directors on 26th July 2009.
Will invest in midas today, as this week there is a high chance that it will cross 0.92. I agree with richtan chart analysis.
The Iron Bull is on the loose to kick the bear in the arse
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Hahaha...
Let me coin a new term:
"MIDASTIC"
"MIDASTIC"
"MIDASTIC"
"MIDASTIC"
"MIDASTIC"
risktaker ( Date: 05-Aug-2009 06:15) Posted:
I had a sneak peek of midas Q2 report in my "dream", and it was just as everyone expected. "FANTASTIC" "FANTASTIC" "FANTASTIC" "FANTASTIC" "FANTASTIC"
richtan ( Date: 04-Aug-2009 10:11) Posted:
| IMO, now is a good time to accumulate even more b4 the release of Q2 results, but dyodd |
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I had a sneak peek of midas Q2 report in my "dream", and it was just as everyone expected.
"FANTASTIC"
"FANTASTIC"
"FANTASTIC"
"FANTASTIC"
"FANTASTIC"
richtan ( Date: 04-Aug-2009 10:11) Posted:
IMO, now is a good time to accumulate even more b4 the release of Q2 results, but dyodd.
solar2008 ( Date: 04-Aug-2009 10:06) Posted:
| maybe after the Q2 report on 07Au |
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