MIDAS HOLDINGS

Bought some and waiting to ride the wave up. Mr. Market can't ignore its huge order book which is still building up strongly.

Hi, what is the order book attributable wholly to Midas, and what is the effective contribution from its JVs?

this niche railway stock continues its surge today

good post by See Hoe Tan on Facebook.

>> One key player of Midas is the Chairman, Chen wei-ping, who held 288.9million shares (about 43% of the issued capital )at the end of 2004 . Currently his current stake in the company is 131.4million shares ( or 10.7%). The CEO holds about 120 million shares (9.8%). There are no other major sharerholders. Capital Group. Penta Investment Advisorsand JP Morgan (resposnsile for Midas secondary listin in HK, IPO price HK$5.43/share) have all checked out of this stock....


The other point to note is that since its listing(2004) Midas had raised S$188.8 million gross from 3 private/share placements and HKD1,373 million gross from its secondary listing in HK....Its share capital at teh end of 31 Dec 2012 was about RMB2,212 million...

result coming .. hope is high for massive turnaround in fortune for MIDAS

Will it break 57c high set few months ago ..............

no more profit warning from company means this quarter marks the turnaround story for MIDAS