HOT ! MIDAS JUST SECURED ANOTHER 3.5 BILLION TRAIN CONTRACT

More
05 Jun 2014 14:26 #20080 by BetterPrice2013
Could someone teach him how to short!! Thank you!!

Correction:

It SHOULD BE SHORTIEST SHORTED like MAD!!

46c.... what happened ????

Shortists scrambling to cover like mad




very funny !!! Even that day shortists or fake selldown from 45.5 to 44c ..

Now is 45.5 buy .. if shortists don't cover by now .. they are screwed

The topic has been locked.
More
06 Jun 2014 13:45 #20082 by ZEN
Featured on nextinsight article from Kevin Scully from NRA capital

MIDAS HAS HIT THE BIG ONE !!!!

He is confident of a sustain rally above 50c. Target 64cents
The topic has been locked.
More
08 Jun 2014 15:02 #20094 by ZEN
CSR Nanjing Puzhen Rolling Stock has unveiled the first of 18 low-floor Flexity 2 LRVs for the first phase of the city of Suzhou's under-construction light rail network.



CSR Puzhen is supplying the vehicles under a 10-year licensing agreement with Bombardier, which commenced in July 2012. Bombardier developed the vehicle's design and is providing training and on-site support for CSR employees at its plant in Nanjing. The five-section, bi-directional vehicles are 32.5m long and 2.65m wide, and are equipped with Bombardier's Flexx Urban 3000 bogies and Mitrac propulsion equipment.

The trams will be operated by Suzhou New District Tram Compnay on line T1, a 18km seven-stop line within Suzhou's new industrial development zone, a greenfield satellite city within Suzhou municipality.

In addition to Suzhou, CSR Puzhen is also developing low-floor LRVs for two lines in its home city of Nanjing, which will include catenary-free sections, with the LRVs utilising Bombardier's induction-based Primove system.
The topic has been locked.
More
13 Jun 2014 04:23 - 13 Jun 2014 04:24 #20132 by FairPerson
Like what I mentioned last week, if share price go up, it would be a good chance for shortists to short it down again.

Well Done shortists! Closed at 44.5 cents.

12 Jun 14 short sell volume : 1,266,000 lots

www.sgx.com/wps/wcm/connect/sgx_en/home/...hortSell20140612.txt

Hope someone who have been promoting MIDAS for years, this time will learn and see this fact clearly.

Past experience tells us that whenever MIDAS secured contract, share price up a little bit for two or three trading days, then short seller will short it down. For those who want to try your luck, can buy and two, three bids better run road.

Last week share price up from 44 cents to 45.5 cents.
Then it took only two days (03/06/14 and 04/06/14) for short sellers to short it down to 43.5 cents. See the short sell volumes:

www.sgx.com/wps/wcm/connect/sgx_en/home/...hortSell20140603.txt

www.sgx.com/wps/wcm/connect/sgx_en/home/...hortSell20140602.txt


03/06/14 : 5,171,000 lots

04/06/14 : 4,300,000 lots

If next few days, share price up a little bit, it will be another good chance for short sellers to sell it down again.

Last edit: 13 Jun 2014 04:24 by FairPerson. Reason: amend typo
The topic has been locked.
More
13 Jun 2014 13:59 - 13 Jun 2014 14:33 #20135 by MrSubarashii
That's very true Fairperson.
Despite the massive RMB3b+ contract wins recently, the market is still very cautious. Anyway, most of the delivery dates for those contracts are for 2015 to 2017 so the impact on 2014 results will be small.
Most importantly, until the PE can come down from it's current astronomical 43x, it's very difficult to justify a strong and sustained lift in the price.
Midas is a good company by all account, but the high borrowings and trade receivables are a worry. The only chance that the share price can rise sharply this year is perhaps a M&A. Otherwise, investors may have to wait till the PE can come down to a more acceptable level before the price can confidently climb higher. I could be very wrong, but it's hard to see that happening this year.
That said, I do believe that the stock price can eventually hit analysts' targets if Midas can execute its ambitious plans well, but it could be a long and bumpy ride.
Last edit: 13 Jun 2014 14:33 by MrSubarashii.
The topic has been locked.
More
14 Jun 2014 13:08 #20141 by FairPerson
MrSubarashii: Yup! I totally agreed with you. In the meantime, I will look for trading opportunity only unless the PE comes down to a reasonable level.

That's very true Fairperson.
Despite the massive RMB3b+ contract wins recently, the market is still very cautious. Anyway, most of the delivery dates for those contracts are for 2015 to 2017 so the impact on 2014 results will be small.
Most importantly, until the PE can come down from it's current astronomical 43x, it's very difficult to justify a strong and sustained lift in the price.
Midas is a good company by all account, but the high borrowings and trade receivables are a worry. The only chance that the share price can rise sharply this year is perhaps a M&A. Otherwise, investors may have to wait till the PE can come down to a more acceptable level before the price can confidently climb higher. I could be very wrong, but it's hard to see that happening this year.
That said, I do believe that the stock price can eventually hit analysts' targets if Midas can execute its ambitious plans well, but it could be a long and bumpy ride.

The topic has been locked.

Share Prices

Counter NameLastChange
AEM Holdings4.110-0.080
Avi-Tech Electronics0.280-
Broadway Ind0.141-
China Sunsine0.4800.005
DISA0.003-
Food Empire0.505-0.005
Fortress Minerals0.340-
Geo Energy Res0.3850.005
Golden Energy0.8350.020
GSS Energy0.048-
InnoTek0.455-0.010
ISDN Holdings0.455-0.010
ISOTeam0.104-
IX Biopharma0.139-
Jiutian Chemical0.082-
KSH Holdings0.345-
Leader Env0.050-
Medtecs Intl0.114-
Meta Health0.028-
Moya Asia0.0890.001
Nordic Group0.520-0.010
Oxley Holdings0.161-
REX International0.240-
Riverstone0.570-0.005
Sinostar PEC0.190-
Southern Alliance Mining0.660-
Straco Corp.0.400-
Sunpower Group0.310-0.010
The Trendlines0.091-0.003
Totm Technologies0.126-
UG Healthcare0.1810.001
Uni-Asia Group0.945-0.005
Wilmar Intl3.900-0.050
Yangzijiang Shipbldg1.140-0.100

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 717 guests and one member online

  • Lionel Lim