MIDAS

FairPerson
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9 years 9 months ago #20448 by FairPerson

Replied by FairPerson on topic MIDAS

What I predicted on 3 July 2014 came truth today.
Now MIDAS trading at 43 cents and 43.5 cents.
Likely to retest 42.5 cents.

FairPerson wrote: Shortists have successfully holding the price at 43.5 44 cents for quite a number of trading days already. Think should go down to 43 43.5 cents soon.

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FairPerson
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9 years 9 months ago - 9 years 9 months ago #20475 by FairPerson

Replied by FairPerson on topic MIDAS

MrSubarashii:

Do you have any views on MIDAS in the coming months?

Cheers and happy posting!!

Last edit: 9 years 9 months ago by min1xyz.

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sykn
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9 years 9 months ago #20476 by sykn

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I've studied Midas before, but got turned off by the extraordinarily high CAPEX, whether it is for maintenance of the business or to grow new business I don't know, but it represents risks and eats away at free cash flow from operations. It's also a stock with a lot of speculators, hence I am not keen to go in and time the market. Do you know of good reasons why a value investor might want to buy Midas?

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MrSubarashii
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9 years 9 months ago #20479 by MrSubarashii

Replied by MrSubarashii on topic MIDAS

Hi Fairperson, thanks for asking for my view. As I'm not vested in Midas or intend to do so, I have not been keeping in pace with current developments.

Fairperson, there are so many companies on SGX that are going gangbusters and are totally or virtually debt-free and with attractive PEs. Forget about Midas, it has got too many constraints and uncertainties.

Good luck my friend, I probably won't want to get involved with this counter anymore. It's a waste of time.

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FairPerson
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9 years 9 months ago #20489 by FairPerson

Replied by FairPerson on topic MIDAS

Thanks for sharing! I can't think of any reason. I am just waiting for the price to come down further and looking for short term trading opportunity.

sykn wrote: I've studied Midas before, but got turned off by the extraordinarily high CAPEX, whether it is for maintenance of the business or to grow new business I don't know, but it represents risks and eats away at free cash flow from operations. It's also a stock with a lot of speculators, hence I am not keen to go in and time the market. Do you know of good reasons why a value investor might want to buy Midas?

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FairPerson
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9 years 9 months ago - 9 years 9 months ago #20490 by FairPerson

Replied by FairPerson on topic MIDAS

Hi Mr Subarashii

Thanks! I totally agreed with you.
Hope to share with you in other counters as well.

Happy investing!

MrSubarashii wrote: Hi Fairperson, thanks for asking for my view. As I'm not vested in Midas or intend to do so, I have not been keeping in pace with current developments.

Fairperson, there are so many companies on SGX that are going gangbusters and are totally or virtually debt-free and with attractive PEs. Forget about Midas, it has got too many constraints and uncertainties.

Good luck my friend, I probably won't want to get involved with this counter anymore. It's a waste of time.

Last edit: 9 years 9 months ago by min1xyz.

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