Railway stocks jumped as China increases investmt to RMB800BILLION

FairPerson
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9 years 11 months ago #19813 by FairPerson

Replied by FairPerson on topic Railway stocks jumped as China increases investmt to RMB800BILLION

ZEN wrote: you don't buy is your problem

46.5c is a BUY .

Start a new thread to promote the same thing.
Reader are advised to refer to MIDAS HOLDINGS thread and the read all the postings by the promoter.

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darrickhancock
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9 years 11 months ago #19814 by darrickhancock

Replied by darrickhancock on topic Railway stocks jumped as China increases investmt to RMB800BILLION

Mr. Zen,

is it really necessary to promote the stock so desperately ? i own 500000 shares of midas, but i think promoting like you will smear this nice website. furthermore, it won't move the stock, simply because you are nobody.

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cheongsl
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9 years 11 months ago #19822 by cheongsl

Replied by cheongsl on topic Railway stocks jumped as China increases investmt to RMB800BILLION

Mr Zen,

What is your reason for recommending?

Abnormal high trade and other receivables? 1147million revenue 999million trade receivable, that means people are owning the company 0.87years of payment unpay? Do you think a company allowing more then 10~11mths for customer not paying the goods.

Cost of sales which stand at 866million, which include material and labour, but just look at the trade and other payable which stand at 420million, it takes 0.5years for them to pay the supplier? Normal case should be 30days, some extreme will allow 3 mths, but 6mths that is very good for the supplier to bear the cost.

Inventory + Trade and other receivable 1627million, the full year revenue is only 1147million. Does it mean that they are subsidising their customer for 1.5yrs of goods. Aluminium production only takes 1.5mths to 2.5mths, from the die production to extrusion to package for delivery. 1.5years is actually too long.

The cash and cash equivalent increase by 499million, which should be good, but once you look at the other area of the balance sheet, that proof to be the other way, you see bank borrow increase by 1082million.

I believe all the income statement and balance sheet show a much normal presentation then the stock will be able to move.

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FairPerson
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9 years 11 months ago #19823 by FairPerson

Replied by FairPerson on topic Railway stocks jumped as China increases investmt to RMB800BILLION

cheongsl wrote: Mr Zen,

What is your reason for recommending?

Abnormal high trade and other receivables? 1147million revenue 999million trade receivable, that means people are owning the company 0.87years of payment unpay? Do you think a company allowing more then 10~11mths for customer not paying the goods.

Cost of sales which stand at 866million, which include material and labour, but just look at the trade and other payable which stand at 420million, it takes 0.5years for them to pay the supplier? Normal case should be 30days, some extreme will allow 3 mths, but 6mths that is very good for the supplier to bear the cost.

Inventory + Trade and other receivable 1627million, the full year revenue is only 1147million. Does it mean that they are subsidising their customer for 1.5yrs of goods. Aluminium production only takes 1.5mths to 2.5mths, from the die production to extrusion to package for delivery. 1.5years is actually too long.

The cash and cash equivalent increase by 499million, which should be good, but once you look at the other area of the balance sheet, that proof to be the other way, you see bank borrow increase by 1082million.

I believe all the income statement and balance sheet show a much normal presentation then the stock will be able to move.

Few years ago, this stock is near $1. Maybe someone has bought at near this high price and still holding it.

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