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Will it go < 60c next wk? This stock seem very susceptible to sudden attacks. Looks there cld be one coming soon. Just my haunch. DYODD as always.
sgfreestyler ( Date: 17-May-2019 17:25) Posted:
ya.. bought some few days ago @0.62...
anyway dividend is coming. |
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CEO also implied that the sg cash pile wld not be used for jepun ir if won - he said they wld borrow in yen where the borrowing cost is extremely low. What helps is the extremely loose monetary policy being deployed by the BOJ which is not likely to change anytime soon.
kandinsky ( Date: 16-May-2019 23:51) Posted:
Yah I read they are not getting from shareholders
pkli899 ( Date: 16-May-2019 22:58) Posted:
Yes, the existing cash of 3.6B will be used but will not be enough.
The shortfall they will borrow in Japan, to capitalise on the extremely low interest rate there.
Chairman Lim said not getting from us. So no diluting of our holding |
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I believe the casino aspect is still doing OK. Maybe not booming but still very profitable. Doesn' t mean some of us don' t catch a mob there, it' s the end of the world. Pt is, ghost town still clock 200 mil in profits. If big crowds means what? 600 mil profit/qtr?
kandinsky ( Date: 14-May-2019 15:10) Posted:
I don't believe in gambling and don't visit casinos. I am banking more on the other leisure aspect of their business which I think will do well. From what you are sharing, I can only guess your stock holding run into the millions, I am not there yet. My current free spending cash to invest enough for one 3 bedroom condo in the heartlands only.
pkli899 ( Date: 14-May-2019 14:31) Posted:
I must say my observation was done in early April.
Maybe within this one month the tide changed!
Historically, Genting price never go below 70 cents.
Not after the opening of RWS in 2010!
Before that yes, 30 over cents in fact. |
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To me, ' tis a very good stock for long term investment. Div reduction in short term is ok for longer term stability n gain. I do believe though that they' d strive to keep up the div as much as possible.
chengwh1 ( Date: 14-May-2019 13:21) Posted:
| Frankly,... accepting a reduced dividend is certainly fine with me, provided the acquisition can perform in the medium to long term. I am a long term investor,.... but that' s only me. A speculator may not like this,... |
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My own sense is they are already getting out of the woods .... gradual though the process may be. Some new businesses will have a long gestation period n make losses initially. But longer term it shd lay the foundation for better times notwithstanding the very tough competitive env.
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Cannot say. It' d be a fair tendering process. But GS with it' s experience in SG, with exacting requirements to put up barriers (in whatever form) to discourage the locals from falling into gambling addiction might just have an dege in its proposals.
ss2017. ( Date: 14-May-2019 00:38) Posted:
| High chance that Japan govt awards license to genting group. |
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Let' s watch the show unfold ......
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Politically untenable. Recall Aussie Ex, HK Telecom?
lingua101 ( Date: 13-May-2019 14:21) Posted:
Why not? MAS has some routes that quote lucrative right? no?
Qanghoo ( Date: 13-May-2019 12:18) Posted:
| Most unlikely proposition ever |
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Most unlikely proposition ever.
lingua101 ( Date: 13-May-2019 11:20) Posted:
well I think SIA may be interested to buy over MAS not merger la
Maxgrow68 ( Date: 13-May-2019 09:21) Posted:
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The non-disclosure itself is already something wrong. If u don' t think so it' s OK. Have it how u like it.
stockpicker ( Date: 13-May-2019 12:00) Posted:
If there is a fraud found, conflict of interest will confirm if the parties are actually involved but if there is no fraud found and deals are done above board, conflict of interest can lead only to a suspicion and nothing much about the parties involving in any fraud.
Qanghoo ( Date: 13-May-2019 11:46) Posted:
| The most interesting thing to surfaced so far is the seemingly deliberate non-disclosure which speaks volumes |
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The most interesting thing to surfaced so far is the seemingly deliberate non-disclosure which speaks volumes.
stockpicker ( Date: 13-May-2019 11:40) Posted:
| Barking at the wrong tree.. proving that the boss of ChangSha has a relationship with BWL is just an indication that there is a conflict of interest doing such business but the interested parties must also show evidences that such conflict of interest has infringed certain laws and regulations for example, there are false statements or declarations made in the business dealings. |
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I expect the very least is for the authorities to issue a censure.
Qanghoo ( Date: 13-May-2019 10:52) Posted:
Do note that an NDA can be rescinded where appropriate .....
zillion ( Date: 13-May-2019 10:33) Posted:
| just a cane on their hands, pay a fine- they have PBM titles rarely given by our President |
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Do note that an NDA can be rescinded where appropriate .....
zillion ( Date: 13-May-2019 10:33) Posted:
just a cane on their hands, pay a fine- they have PBM titles rarely given by our President.
Sin_Cos_Tan ( Date: 13-May-2019 10:22) Posted:
Don' t hope that privatise and delist the Co can run away from everything.
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Now PWC maybe more tu lan. Without the short sellers' help, they might just have given an unblemmished review. So, what will happen to the PWC review now? Also, now BWL sues whom? Will any litigation stand up to any scrutiny on the coy itself after this enforced disclosure?
Sin_Cos_Tan ( Date: 13-May-2019 10:13) Posted:
BWL response to queries from SGX RegCo
(d) Dora Hoan was not involved in the Company' s decision to partner with the Primary Import Agent,
or, save as disclosed in this announcement, in the Group' s dealings with the Primary Import Agent
Dora Hoan
Founder, Co-Chairman, Group CEO & Managing Director, Best World International Ltd
Why paid the Director ten of million in cash and allow her do nothing?!
Directors' Duties in Singapore
http://singaporelegaladvice.com/law-articles/directors-duties-in-singapore/
By law, the management of a company is vested in the board of directors (which the CEO is usually part of), under section 157A of the Companies Act (CA).
Although day-to-day management may be delegated to executives, there are still business decisions that directors have to make in accordance with their duties under the law.
Otherwise, they may face civil liability in a lawsuit, criminal penalties and/or be subject to removal from the company.
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It wldn' t surprise me if the short sellers drop another bomb today .....
guavaMoment ( Date: 13-May-2019 08:25) Posted:
SGX did them a favor by putting them on suspension. But it won' t help. The longer you delay without significantly good news, the more the tidal wave of selling will be.
Superkilat ( Date: 13-May-2019 01:21) Posted:
| Short seller will not do knockout punch tmr as trading remains suspended. They will do so only when trade resumes. So, expect truce for longer time. |
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My sense is game over for BWI.
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So, BWI' s business transactions with the primary import agent are clearly ' interested-person' transactions n BWI knows, or ought to know, this. It' s hard to construe it otherwise than a deliberate avoidance of disclosing disclosable information by a public listed coy to shareholders n potential investors.
Qanghoo ( Date: 13-May-2019 07:07) Posted:
| If he is ' passive' , one wonders how he became from just an investor with seed $$$ to being the sole shareholder (as I understand from what I read in the response by BWI). |
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If he is ' passive' , one wonders how he became from just an investor with seed $$$ to being the sole shareholder (as I understand from what I read in the response by BWI).
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Blood is thicker than wate so to speak.
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Haha, are they not able to do anything other than short? Let' s watch ....
Superkilat ( Date: 13-May-2019 01:21) Posted:
| Short seller will not do knockout punch tmr as trading remains suspended. They will do so only when trade resumes. So, expect truce for longer time. |
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