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Midas

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GuavaXF30
    26-Feb-2011 11:45  
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Unfortunately, div pretty mediocre.  0.5 cents this time, earlier was another 0.5 cents. That makes it 1 cent for this year from a capital investment of 0.90-1.06 (depending on when you went in) to earn the full 1 cent div. And now, for  the counter to drop to 0.75 c ?  Say  average bought price of 0.98 to earn 0.01 dividend. Dunno man. Current capital loss of 0.23 cts capital (ave price of 0.98 less current 0.75) to earn 0.1 is not good investment.

Andrew      ( Date: 26-Feb-2011 00:32) Posted:



Play Can......Invest No.

Anyway, never loose money with MIDAS and never managed to wait long enough to collect the DIV.

I feel that the result is still so so for a 700M company.

Wanted to buy again at 91, 86, 81.5, 76.5, 73, 72, 74.5.......but always ending with second thought.....


Hulumas      ( Date: 25-Feb-2011 23:40) Posted:

False! Unless you do not want " GAIN" in capital market equity investment.


 
 
Andrew
    26-Feb-2011 00:32  
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Play Can......Invest No.

Anyway, never loose money with MIDAS and never managed to wait long enough to collect the DIV.

I feel that the result is still so so for a 700M company.

Wanted to buy again at 91, 86, 81.5, 76.5, 73, 72, 74.5.......but always ending with second thought.....


Hulumas      ( Date: 25-Feb-2011 23:40) Posted:

False! Unless you do not want " GAIN" in capital market equity investment.

genting^2      ( Date: 25-Feb-2011 16:05) Posted:



NO more China stocks for me.


 
 
Jimmytai
    26-Feb-2011 00:09  
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very little meh? i thought they give dividends a few times a yr one?


GuavaXF30      ( Date: 25-Feb-2011 18:53) Posted:



Results released. Revenue up but gross margin % seem to have dropped. Rev up 38% but GP only up 22.7%. Profit before tax also only up 28.5%.

Dividend declared but only $0.005. Uninteresting to be honest. Less than 0.7% return. Many other stocks around that rewards better. Even some cheaper China counters pay better dividends.

genting^2      ( Date: 25-Feb-2011 14:32) Posted:



I dumped at 0.72. So it shouldn't affect me. that much. Just want to see how the results will be affected.

 


 

 
Hulumas
    25-Feb-2011 23:42  
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Stock price won't drops automatically without a seller!

Hulumas      ( Date: 25-Feb-2011 23:41) Posted:

Blame the sellers not the stock!

genting^2      ( Date: 25-Feb-2011 14:36) Posted:

Never expected a share to drop 22% in a few days.


 
 
Hulumas
    25-Feb-2011 23:41  
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Blame the sellers not the stock!

genting^2      ( Date: 25-Feb-2011 14:36) Posted:

Never expected a share to drop 22% in a few days.

 
 
Hulumas
    25-Feb-2011 23:40  
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False! Unless you do not want " GAIN" in capital market equity investment.

genting^2      ( Date: 25-Feb-2011 16:05) Posted:



NO more China stocks for me.

 

 
stockwinner
    25-Feb-2011 19:58  
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where is the big player??? no big player to support leh...
 
 
New123
    25-Feb-2011 19:47  
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MIDAS POSTS RECORD FULL-YEAR REVENUE AND PROFIT IN FY2010

-
Total revenue increases 38% to S$207.4 million profit for the year rises 29% to S$48.5 million

-
Revenue from Aluminium Alloy Division rose 40% to S$199.7 million

-
Share of profits from associate NPRT up 180% to S$9.3 million

The Company is not aware of any developments that will impact the business operations of its Aluminium Alloy Division arising from the recent personnel changes in the PRC Ministry of Railway.

Monday will see ppl coming back to buy the stock. Good for future growth and revenue..

 

 


GuavaXF30      ( Date: 25-Feb-2011 18:53) Posted:



Results released. Revenue up but gross margin % seem to have dropped. Rev up 38% but GP only up 22.7%. Profit before tax also only up 28.5%.

Dividend declared but only $0.005. Uninteresting to be honest. Less than 0.7% return. Many other stocks around that rewards better. Even some cheaper China counters pay better dividends.

genting^2      ( Date: 25-Feb-2011 14:32) Posted:



I dumped at 0.72. So it shouldn't affect me. that much. Just want to see how the results will be affected.

 


 
 
GuavaXF30
    25-Feb-2011 18:53  
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Results released. Revenue up but gross margin % seem to have dropped. Rev up 38% but GP only up 22.7%. Profit before tax also only up 28.5%.

Dividend declared but only $0.005. Uninteresting to be honest. Less than 0.7% return. Many other stocks around that rewards better. Even some cheaper China counters pay better dividends.

genting^2      ( Date: 25-Feb-2011 14:32) Posted:



I dumped at 0.72. So it shouldn't affect me. that much. Just want to see how the results will be affected.

 

 
 
genting^2
    25-Feb-2011 16:05  
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NO more China stocks for me.
 

 
rotijai
    25-Feb-2011 14:38  
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u see those china stocks can drop 25% in 1 day

genting^2      ( Date: 25-Feb-2011 14:36) Posted:

Never expected a share to drop 22% in a few days.

 
 
genting^2
    25-Feb-2011 14:36  
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Never expected a share to drop 22% in a few days.
 
 
Isolator
    25-Feb-2011 14:32  
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As long as it go sideway... most will suffer... opportunity cost.... Smiley
 
 
genting^2
    25-Feb-2011 14:32  
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I dumped at 0.72. So it shouldn't affect me. that much. Just want to see how the results will be affected.

 
 
 
Joe2020
    25-Feb-2011 14:30  
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genting^2      ( Date: 25-Feb-2011 14:29) Posted:

for the worst?

 

 
genting^2
    25-Feb-2011 14:29  
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for the worst?
 
 
Joe2020
    25-Feb-2011 14:27  
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Be Prepared!!!.....
 
 
genting^2
    25-Feb-2011 14:25  
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Is the results out yet?
 
 
hotokee
    25-Feb-2011 14:23  
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    I think some big holders are playing up up up for a period of time during market upbeat and then down down down for the downturn. This way these big guys making so much profit over the years.

  This counter is good to invest with every drop in its share price, and hold till the chart says sell.
 
 
moneymatters
    25-Feb-2011 14:11  
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Holding up the announcement is going to freak out the kateks today
 
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