| Latest Forum Topics / Midas Last:0.192 -- |
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Midas
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solar2008
Senior |
05-Aug-2009 17:06
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Hope so man. If this friday q2 results sounds positive then ho say liao.
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dealer0168
Elite |
05-Aug-2009 16:55
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Put queue at 0.835 this afternoon. Luckily got it. Hope all of us huat.....Cheers.
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richtan
Supreme |
05-Aug-2009 16:29
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Sure, waiting for your coffee, but must be on Sundays or public holidays, as weekdays too busy monitor and analyse mkt.
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el7888
Veteran |
05-Aug-2009 16:24
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Not to worry la, this is my own decision. BUT if I win, buy you coffee loh.
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richtan
Supreme |
05-Aug-2009 16:21
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This is like a "fire-sale", good time to grab as much as I can, but hor, dyodd, if u follow me buy, must set your stop-loss n dun blame me but yourself bcos i dun hold a revolver at your herad n force u to buy hor
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el7888
Veteran |
05-Aug-2009 16:17
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Very nice uptrend chart for this stock. Feel like getting in too. Maybe by end of today.
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richtan
Supreme |
05-Aug-2009 16:06
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 I m loading up more on Midas, probably a god-send but will cut loss of it close below 82.
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jasonsg
Member |
05-Aug-2009 13:28
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ok, so this "buy back" 120million shares doesn't have any significant meanings lah.
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risktaker
Supreme |
05-Aug-2009 13:22
Yells: "Sometimes you think you know, but in fact you dont" |
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The directors did not sell it, it just loan it out for new share placement. Once new share placement has been completed the shares are transferred back to the directors.
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jasonsg
Member |
05-Aug-2009 13:13
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I still don't get. The sale of the shares 120million is quite sensible as it is the placed shares. so company got about 0.1bsd. then on 24th, the directors buy back 120million shares. How do they buy back such a large amount of shares in one day? Are directors that rich? (almost 0.1b)? and why the directors need buy back?
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risktaker
Supreme |
05-Aug-2009 13:12
Yells: "Sometimes you think you know, but in fact you dont" |
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It could be this thursday, as i am based on their previous release date. 7th August. But maybe due to the coming National Day, they might change it to Thursday. The highly positive results shall be in by latest this friday. Good luck to all
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richtan
Supreme |
05-Aug-2009 12:55
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Hi risktaker, Is it confirmed this Fri, bcos I read in one broking house reports tat expected results released is on this Thurs, ie tomoro. Thks
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risktaker
Supreme |
05-Aug-2009 12:51
Yells: "Sometimes you think you know, but in fact you dont" |
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This Friday. If you want to go in better go in today. :)
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magdaleneng
Member |
05-Aug-2009 12:44
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When's Midas reporting results? | ||||
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risktaker
Supreme |
05-Aug-2009 12:35
Yells: "Sometimes you think you know, but in fact you dont" |
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Ok look at this example. Midas has 1000 million shares. They decided to issue new 120 million shares to private placement. In order to have a speedy & cost effective placement Midas director loan out 120 million shares to its fund manager. Private investor are contacted and happy to purchase all the 120 million shares @ a discount. Initial offer is 100 million shares but due to the overwhelming interest from investors they throw in another 20 million share. Therefore after the new placement of shares the company total shares is 1120 million shares and 120 million shares are return to the directors that previous loan out the shares. Why they do this ? 1) Fast & cost-effective as it reduce alot of admin cost. 2) They have to expand to meet its book order. Midas can be easily in the range of $1.2 - $1.6 by early next year. FY10 book order are expected to raise many times. |
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jasonsg
Member |
05-Aug-2009 11:38
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so it means after the placement of 120million shares, the directors buy back all the placed shares? This does'nt make sense to me, if the directors have the money, why they need to place new shares? Anybody to answer this?
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starlene
Elite |
05-Aug-2009 11:25
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Placement to DBS as fund mgr..just like Genting at first drop to 63cts later also push up again
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richtan
Supreme |
05-Aug-2009 09:30
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Hi risktaker, Many thanks for sharing my view, but must dyodd and remember to set stop-loss or trailing stops.
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richtan
Supreme |
05-Aug-2009 09:27
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Hahaha... Let me coin a new term: "MIDASTIC" "MIDASTIC" "MIDASTIC" "MIDASTIC" "MIDASTIC"
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risktaker
Supreme |
05-Aug-2009 06:15
Yells: "Sometimes you think you know, but in fact you dont" |
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I had a sneak peek of midas Q2 report in my "dream", and it was just as everyone expected. "FANTASTIC" "FANTASTIC" "FANTASTIC" "FANTASTIC" "FANTASTIC"
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