MIDAS HOLDINGS

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17 Jan 2014 01:54 #18720 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
just buy

anyhow buy anyhow win
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17 Jan 2014 02:44 #18722 by BetterPrice2013
Replied by BetterPrice2013 on topic MIDAS HOLDINGS
UBS, JPMORGAN, CIMB anyhow selling at 48.5 cents and 48 cents ... Don't know whether they will continue to anyhow sell tomorrow.
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17 Jan 2014 03:27 #18723 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
some people just anyhow say .. CIMB is the most bullish amongst many others



Midas's 3Q13 net profit topped our expectations by a mile on the back of robust sales and the strong contribution from Midas's associate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows. Midas's 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts.

Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst
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17 Jan 2014 03:36 #18724 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
since 2 years ago in Feb 2012 when UBS and JP morgan sold

MIDAS had surged up about 60% from low

They are no longer shareholders or at least not even in the top 20 shareholders of MIDAS

UBS and JP morgan is kicking themselves already
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17 Jan 2014 04:06 - 17 Jan 2014 04:09 #18727 by BetterPrice2013
Replied by BetterPrice2013 on topic MIDAS HOLDINGS

some people just anyhow say .. CIMB is the most bullish amongst many others



Midas's 3Q13 net profit topped our expectations by a mile on the back of robust sales and the strong contribution from Midas's associate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows. Midas's 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts.

Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst



I bought at those prices and CIMB was one of the sellers.
If you have bought a few lots at a time, you will know.
Maybe CIMB is not the main seller
Last edit: 17 Jan 2014 04:09 by BetterPrice2013. Reason: add more details
The following user(s) said Thank You: FairPerson
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17 Jan 2014 11:04 #18734 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
That was during those time 2 years ago

So sad for you

But I was the one spotted this undervalued gem - midas.. thanks to their selling

I loaded up cheaply at around 30cents and huat all the way

Now is also the time to grab
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