MIDAS JUST SECURED ANOTHER RMB 1.1 BILLION TRAIN CONTRACT

Midas Holdings said its joint venture company, Nanjing SR Puzhen Rail Transport Co., together with their consortium partners, has won a RMB1.1 billion ($224 million) contract.

The contract is for the supply of 29 train sets or 174 train cars, for Nanjing Metro Line 4 Phase 1 project, with delivery slated from 2014 to 2016.

Midas past years performance:


FY 2010

Profit = RMB 238.5m Profit margin = 28.8%


FY 2011 = RMB 187.4m profit margin = 20.9%


FY 2012

Profit = RMB 27.8m Profit margin = 5% PE = 106


FY 2013 1 st Q

Profit = RMB 4.9m (loss)


From the data everyone can see that Midas performance is very bad.

Divident paid out is reducing yearly instead of increasing.


From the above I find it is very dangerous to cheer and promote this stock and post in so many forums.

We should be helping and promoting only safe stocks in this forum so that everyone can invest sucessfully.

I'm not worry about season investors but it's the new investors I'm worry about.

i think you don't know how to invest with foresight.

Do you realize why MIDAS share price fell from $1+ in 2010 to 30+ cents in 2012 ...

Now picking up slightly to 40+cents

When all these big orders and revenues start to flow in from 2013 , don't regret if you are being left out in the cold

cheers

MIDAS HOLDINGS 24 Dec 2011 10:33 #7808 - Posted by Zen

Midas secured RMB 3.13 billion + 1.4billion + 860 million contract


These contracts secured in the last few months will contribute record revenues and profit from 2013 onwards ... so early next year or now .. we should start accumulating

Buy when nobody is buying yet .


..........................................................


Above is your posting more than 1.5 years ago. Well I believe you are already vested which is about 60 plus cents.

Just before you posted the above it maybe less than 40 cents. You mentioned Midas share price was $1/-


From this I can gather than your holding bought nearly 2 years back is between $1 to 40 cents. Well you manage to average down to 40 cents. Well Done today trading at 48 cents, you're now in the black. Your have good forsight, You invest top down from $1 to 40 cents in 2 years.

Wah, back then Midas according to your posting contract are more than RMB 5 Billion.


Well, that give you good reasons to Dream & Cheer.

I don't know how to invest, thanks for teaching me. OK dream on Zen

well , that shows how wrong your story can be and how lousy your assumption to be

when i first took strong notice of MIDAS in End Dec 2011 , Midas already trading below 35cents range

that is when i bought . it dropped till below 30cents , i accumulated more .

1 year on , MIDAS shoot to 57 cents high , but i sold all at 54cents . Made about 75% profit .

waited for the chance to reload below 49cents , got more after poor result at 45.5cent to 46cent

Midas past 2 years performance is not impressive for any investors. For traders I cannot comment. I believe Zen you’re skillful traders.
In any contracts & projects the companies secured will not guarantee profit. The RMB 5 million you posted in December 2011 did not contribute to the top and bottom lines.
.... “buy and accumulate cheapy before it flies off” .... I think without looking at risks and call for buy and accumulate is very dangerous.

To judge others and lost it’s cool is because of ‘pride.’ People who are full of pride and refuse to take constructive feed-back usually will not be happy in working environment, friends and even in the family life.

Will you answer this question: What is your performance for the last 4.5 years from 2009 till to date 2013?