MIDAS

What I predicted on 3 July 2014 came truth today.
Now MIDAS trading at 43 cents and 43.5 cents.
Likely to retest 42.5 cents.

FairPerson wrote: Shortists have successfully holding the price at 43.5 44 cents for quite a number of trading days already. Think should go down to 43 43.5 cents soon.

MrSubarashii:

Do you have any views on MIDAS in the coming months?

Cheers and happy posting!!

I've studied Midas before, but got turned off by the extraordinarily high CAPEX, whether it is for maintenance of the business or to grow new business I don't know, but it represents risks and eats away at free cash flow from operations. It's also a stock with a lot of speculators, hence I am not keen to go in and time the market. Do you know of good reasons why a value investor might want to buy Midas?

Hi Fairperson, thanks for asking for my view. As I'm not vested in Midas or intend to do so, I have not been keeping in pace with current developments.

Fairperson, there are so many companies on SGX that are going gangbusters and are totally or virtually debt-free and with attractive PEs. Forget about Midas, it has got too many constraints and uncertainties.

Good luck my friend, I probably won't want to get involved with this counter anymore. It's a waste of time.

Thanks for sharing! I can't think of any reason. I am just waiting for the price to come down further and looking for short term trading opportunity.

sykn wrote: I've studied Midas before, but got turned off by the extraordinarily high CAPEX, whether it is for maintenance of the business or to grow new business I don't know, but it represents risks and eats away at free cash flow from operations. It's also a stock with a lot of speculators, hence I am not keen to go in and time the market. Do you know of good reasons why a value investor might want to buy Midas?

Hi Mr Subarashii

Thanks! I totally agreed with you.
Hope to share with you in other counters as well.

Happy investing!

MrSubarashii wrote: Hi Fairperson, thanks for asking for my view. As I'm not vested in Midas or intend to do so, I have not been keeping in pace with current developments.

Fairperson, there are so many companies on SGX that are going gangbusters and are totally or virtually debt-free and with attractive PEs. Forget about Midas, it has got too many constraints and uncertainties.

Good luck my friend, I probably won't want to get involved with this counter anymore. It's a waste of time.