MIDAS

Well, well.............what a week!

MrSubarashii:

Nice to hear from you. Midas hit my target price of 40 cents yesterday, but I think I will KIV. I read your original post through the alert email just now. That person is no longer here, so you don't have to worry about him and edit your post.

I started a thread on BBR recently and asked for your view. Not sure if you have read it?

MrSubarashii wrote: Well, well.............what a week!

Skyn: I also sold mine but with mini profit. Likely, I didn't hold on to it. I think I will just focus on BBR.
Added more BBR on Thursday at 29.5 cents.

sykn wrote: I think that's a wise decision. I have invested in this counter previously, but I always felt nervous about its high CAPEX and the unstable nature of the business; in the end, I bailed out at a small loss.

I think Midas' financial problems have only just started. All is not well. The heavy borrowings will cripple the company.
Good luck

MIDAS: Target Price By DBS, OCBC, Maybank & CIMB

16/07/14 (44cts) - Target 61cts/Buy (OCBC)
05/06/14 (43.5cts) - Target 61cts/Buy (OCBC)
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)
22/10/13 (47.5cts) - Target 65cts/Buy (OCBC)
16/08/13 (51cts) - Target 65cts/Buy (OCBC)
16/08/13 (51cts) - Target 75cts/Buy (Maybank)

Today Midas is still trading at 41cts, lower than the price at the time of their recommendation and trade as low as 40cts. From August 2013 to August 2014 in one year 11 times still miss target very badly. Those follow these analysts recommendation will probably lost money.

Zen: On 15 Jul 2014 15:42, you wrote below
(readers may use the link for ZEN's original post www.nextinsight.net/index.php/forum/3-sg...CONTINUATION?start=6 )

my price 46.5c and pocket the dividend

Bought more at 43.5 .... now holding 80 lots at avg 44.5c

Still waiting for people who said after will drop to 40c or below

I laugh and laugh why never happen ?



Well, MIDAS today closed at 39.5 cents. I would like to ask ZEN, are you still laughing and laughing and laughing??? Maybe now many people laughing too!! Laugh at ???, I don't know?? Laugh at MIDAS share drop below 40 cents actually happen!!

You have no patient to wait till it drop. Why buy at 43.5 cents? 80 lots at 44.5 cents, you now have a paper lost of

80,000 x 0.05 = $4,000.