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THE BEST IS YET TO BE
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1035834
Senior |
07-May-2019 14:42
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Asset should be the recipe of Drs , certain asset is intangible , like their network in other countries, members etc...it is not really appropriate to use net asset value to value this company as their asset required to operate the business is very little.
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sbscap
Master |
07-May-2019 14:06
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BWI assets are mainly cash. Cash net of payables about $100m, divided by 550m shares is about $0.18. Book/share is $0.21. It' s a long way down using book value as a guide. | ||||
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beng1102
Elite |
07-May-2019 13:55
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True!  Mayday calls from the shorties.
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runaway
Senior |
07-May-2019 13:36
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Not much time left. Tomorrow night 8/May must announce results. Already many are shouting Mayday Mayday...   |
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1035834
Senior |
07-May-2019 13:22
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1035834
Senior |
07-May-2019 13:14
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they may be learned from Olam or China Minzhong how to fight with those seller report ,there might be a  privatisation offer  or it might be big support coming , you thought so easier to apply trading halt to SGX ? they should have shown something to SGX......
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beng1102
Elite |
07-May-2019 13:09
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Not true!  When short seller attack Olam,  Temasek proposed to takeover and scared the short seller away then business as usual.
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Leehonghng
Member |
07-May-2019 12:56
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Under the current SGX rules & Regulations, the subject company is NOT allowed to be de-listed, moreover, the subject company is facing a lot of un-cleared accounts/business profile/problems/queries they only can wait and wait ....... They're buying times!
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beng1102
Elite |
07-May-2019 12:29
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Very true!  One of the possiblities that could explain why the 9.5 days halt.
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zillion
Master |
07-May-2019 12:17
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Obviously they are working out a possibility of delisting. This way it will stop all the enquries from various authorities and the retail investors. Why will a tiny SME co want to list in the first place? Imagine you in China just heard of XYZ co an unlisted tiny co. will you dare to get their products and be on board? Going overseas have a listing status is a definite must.  | ||||
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beng1102
Elite |
07-May-2019 11:47
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Very true!  I think everyone can agree on this point.
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pool100
Veteran |
07-May-2019 11:24
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The longer they drag on without any explanations or rebuttals, the more fishy it gets. It' s likely that they have something to hide and have run out of excuses. It doesn' t give investors any confidence at all. Even if they report stellar results, nobody will believe them anymore. |
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Sin_Cos_Tan
Veteran |
07-May-2019 10:36
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![]()   |
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runaway
Senior |
06-May-2019 22:05
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A company that wont or cant broadcast In Advance when exactly they will release the quarterly/annual results rank very low on the Transparency Index. Is the company playing with the extended 3+5+3 trading halt to pick an opportune time to release the results? Dow is likely to be weak this week so BWs hope is shattered.   |
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Sin_Cos_Tan
Veteran |
06-May-2019 18:13
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Yes, Those shareholders pledge their shares to the bank for taking a loan will be worried. The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further shares decline. ![]()  
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ahhuat08
Elite |
06-May-2019 16:32
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In all honesty, the naked shortists are nothing as compared with those holding under nominees, it those holders borrow alot of money from the pledging of their BW shares, and once it unhalt on thursday, if bw falls by a certain %, that will trigger a margin call, and that will be the worst nightmares for the longists. When it comes to force selling, the banks/nominees are just plain ruthless. So be prepared. |
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like2learn
Veteran |
06-May-2019 16:06
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anyone can have his/her point of view, whether to believe geniune or fraud short or long. the most impt thing is to do own due diligence, check up on both what BW mgmt says as well as what BR/Valiant says, e.g. dun just sell/short becoz of short seller report, dun just buy becoz of BW china' s potential. at the end of the day, the party(long vs short) who does better/more accurate due diligence has a higher chance of success. |
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runaway
Senior |
06-May-2019 16:00
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3+5+3 extension for trading half, aimed to ward off short sellers attack in the eyes of the public, but granted under the pretext of release of results  is unprecedented. It is a pressured cooker waiting to explode!   |
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runaway
Senior |
06-May-2019 15:47
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beng1102
Elite |
06-May-2019 15:03
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Let don' t live in denial.  The indisputable facts are:    1.  There is no-way to allow halt for 9.5 days just for release of result.  That is simply unacceptable. 2.  Any reply from BW to the allegation will not be 100% satifactory and investors' confidence of the company will not be restored 100%.    So question is what option does the company has?
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