24 Mar 2014 10:24 #19440 by Joes
Replied by Joes on topic MIDAS HOLDINGS

High PE is a deterent.
Still considering. But 45 cents seem like a low. Holding onto some lousy bluechip like Capital Land. Hoping to make some quick buck from smaller caps.

It's puzzling why analysts are in luv with this stock. The earnings will triple from 50 m to 150 m this year. However, the PE will still be at quite high levels -- around 18X this year's forecast earnings (assuming a stock price of 45 cents). Still quite ex. IMHO
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24 Mar 2014 16:17 #19448 by Rock
Replied by Rock on topic MIDAS HOLDINGS
Joes, it's also puzzling me too why analysts are in love with Midas. Base on the forcast earnings share price at 45 cts PE 18x is already expensive and the up-side is therefore limited.

Yet so many analysts over the months call for BUY???
See below:

MIDAS: Target Price By DBS, OCBC & CIMB Since October 2013

10/12/13 (49cts) - Target 64cts/Buy (DBS)
09/12/13 (49cts) - Target 60cts/Buy (DBS)

22/11/13 (47cts) - Target 65cts/Buy (OCBC)
18/11/13 (49cts) - Target 67cts/Buy (OCBC)
15/11/13 (49cts) - Target 67cts/Outperform (OCBC)

22/10/13 (47.5cts) - Target 74cts/Outperform (CIMB)

Today Midas still trading at 4.35 cts lower than the actual price at the time of their recommendation.

All analyst are still bullish ....100% ??????

Midas is only for TRADERS but definately not for VALUE INVESTORS.
Not Vested
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26 Mar 2014 15:46 #19487 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS

21 Mar 2014

The National Development and Reform Commission (NDRC), China's main economic planning agency, recently announced that it has approved five railway construction projects with total investment pegged at 142.4 billion yuan (US$22.85 billion)

Funds for four of the projects will be sourced from loans borrowed by the China Railway Corporation, the Ministry of Transport and the provincial government where the railway is located, as well as from several banks including the World Bank and China Development Bank.

An analyst at China International Capital Corporation told Shanghai's China Business News that the government's urbanization drive will benefit from railways connecting cities with populations of at least 200,000 with high-speed rail networks for cities of over 500,000 people, which will ensure that the railway sector receives stable investment in the long term.

In addition, domestic demand for railway infrastructure and equipment has posted a better outlook and the export sector is also reviving gradually.

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26 Mar 2014 19:34 #19490 by Chacha
Replied by Chacha on topic MIDAS HOLDINGS
Still unsure about Midas.
Kevin Scully mentioned about contracts acquiring contracts back in dec 2013 but till now price stays low. 28 Feb announced good earnings but price didn't go up. Few days ago announced contracts acquired but no movement.
And in face Africa awarded huge contacts to two china railway companies and some new contracts may flow to Midas.
Maybe the current price already reflected the future price?
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27 Mar 2014 15:41 #19501 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
this 44c wall has to be taken down sooner or later ...
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31 Mar 2014 13:49 #19529 by ZEN
Replied by ZEN on topic MIDAS HOLDINGS
44c wall taken convincingly....
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