| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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beng1102
Elite |
02-Jan-2022 09:46
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Agreed!  The rule of SGX must insist buying back at $1.632 or above.  This is the price company is willing to pay to buy from market and to be fair this price must extend to all buy back from shareholders.  Our stock exchange has failed on it duty to ensure fairness.
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GGTTAANN
Senior |
02-Jan-2022 08:40
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Extracted from AR2020 page 163 During the financial year ended 31 December 2019, the Company acquired 5,295,000 shares in the Company through purchases on the Singapore Exchange during the financial year. The total amount paid to acquire the shares was S$8,581,000 and this was presented as a component within shareholders&rsquo equity. No such acquisition was made for the financial year ended 31 December 2020. > 8,581,000/5,295,000=$1.62 per share Now why only offer $1.36 ?  Mgt can offer up to 120% last market price ie $1.36*1.2=$1.632 correct ?   |
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1035834
Senior |
02-Jan-2022 01:14
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No matter how , the share will be reduced by 10% if max share buy back and it will be cancelled , to shortist will be even harder to close their position if the share getting lesser .  I think the two founders are also testing the shareholders response ,if easily hit 10% share buyback limit   , they privatise offer maybe can at lower end if not then they need to give better offer  |
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kcs1107
Member |
01-Jan-2022 23:27
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how can an ex auditor mix up using RECP with RCEP(regional comprehensive economic partnership ) this partnership involve China,Japan,korea,new zeland ,and finally asean nations forming 30 % of the world GDP amonting several TRILLIONS all member r required to have minimum or zero tariff.Only a fools or idiots set up shop to sell,u hire the best and credible live streamer to help u !!! u r nothing but a herd instinct predator short seller.U want me to sell u at $1.36/,u and the con manegement start deaming ,only fool or gullible investor will the bite   I strongly belive incompetent this mgment will get less the  1%,a substantial shareholder from China will emerge a do buy out at $3.68 and list in hk at more then US 5/-,we wait n see ex auditor!!   |
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uiop1223
Supreme |
01-Jan-2022 22:13
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What RECP? its just a company selling beauty products and it will need to spend money setting up stores and hiring staff in china. No more MLM. U think BW will hit $1bn? I think more likely CCP screw BW hard. Fine them $400m. Siong bo.
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chiachiawee
Elite |
01-Jan-2022 16:27
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Yes. The intention of this buyback is to allow those who are in desperate need of cash some chance to redeem their cash. That' s why I praise the act of this management who still think for minority shareholders. So, for the vested holder who doesn' t need cash, just ignore and wait for possible resumption of trading. haha. some shareholders' response really pokes my funny bone on the first day of 2022. cheers. not a vested holder.
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beng1102
Elite |
01-Jan-2022 15:14
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The management themselve are not selling back their shares.  So for shareholders who are not happy with the offer price and not in need for cash then I think the sensible choice is to follow the management, ie.  do not sell back.
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kcs1107
Member |
01-Jan-2022 06:21
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if manegement really approved $1.36 per share offering. i supposed that we have two crooks now ,if SGX approved this kind of buy back ,we have three now...My personal advices if r the shareholders,if U rreally equired Cash ,please borrow ,but never steal,sell SG any sgx stocks espcially SGX stks if u have any but never sell those scumbag  that wanted the same pricing as the short seller .why i call them both crooks?either the  manegement  acted as a party in concert with shortish or this mangemnet  naviely think  that it can go through this without any hitches,it is a bad reflections on mangement tentatmount to stealing or cheating. As mentioned in my previous post ,that cash position is currently $400 millions,u name me any SGX blue chips comnpany have that kind of moneys without borrowing??we need not mentioned about  any accrued future earning or accrued earning .it take only two or 3 years of suspension to accumalate this position,i am not surprise if RCEP (Regional comprehensive economic partnership )take  effect after 2022 we could reach  first billions in no time??just that alone,if mgt foreced to give as dividend  is worth more  than the offer price!!! u need american billions  investor like Carh  ICahn  to take on  bill  ackman hedgefunds ,he will sue ,sack or displace mgt ,he will take over mangement position  ?I am very sure all this incompetence  scum shall come to past  eventually                                                                        |
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phongy45
Senior |
01-Jan-2022 02:16
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good job!
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phongy45
Senior |
01-Jan-2022 02:14
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https://bestworld.listedcompany.com/news.html/id/2367523
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kcs1107
Member |
01-Jan-2022 01:00
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so u did shorted Best world!! let me out front with u ,either u r a smart alex or a herd instinct predator. they is not difference between both,u need look at herbal life ,when that smart alex top hedge fund manger bill ackman using a billions to short herbal life,he almost go bankrupt?? i sorry that u could be next in line ,good luck i rest my case!!!   |
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iinvestor
Veteran |
31-Dec-2021 22:17
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How can buyback at last suspended price which is after the shortist attack??? Use the money give dividends better...at least shares still there. What a lousy offer.....! | ||||
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chiachiawee
Elite |
31-Dec-2021 22:16
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Although not a vested holder in BW, I personally think it is good enough to the holder at its offer price. Be mindful that without this ?off-market? share buy back, you would get zero. Now you can get a percentage of your invested amount and some maybe able to break even. Probably the best news at the last day of 2021 for those who got stuck long. As if gods hand lands on you. Therefore, happy new year to you guys. Cheers. | ||||
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Salford
Member |
31-Dec-2021 20:02
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Agreed, although hoping a better offer close to last buy back price.
Anyway at least it did not 'gone with the wind' like past suspended companies. |
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chiachiawee
Elite |
31-Dec-2021 19:29
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https://links.sgx.com/1.0.0/corporate-announcements/YD50WFCFO9PKOMLE/b1d0e44f5428c74ae87a82ca883e61022e5680295b5a4eac868b5d0802073a31 This is the first time I see that the management of a suspended counter really works things out for the minority shareholders. Off-market-share buyback to allow liquidity for the minority shareholders. With heart, truly salute the effort of management. This is the management team the shareholders want. Good karma surely comes back to the management. A very happy new year to the vested holders in BW. Cheers.. |
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softdrink
Member |
31-Dec-2021 19:06
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Seriously, I NEVER regretted shorting this share. Till date, I had never heard of anyone who shorted and regretted about it. But I DO hear ppl regretted buying this share.
Also, let me remind you, $400M is their cash balance. It is being used for daily expenses as well like that I had mentioned in my previous post. Do the math and put yourself in their shoes. In the event of delist, you think their offer would be good? Even if they are kind enough, are they financially strong enough to buy back at high price? I also want to buy GCB. Too bad I no money and bank do not want to lend me. I need not say any negative things about it. It?s all facts! Do your maths!
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kcs1107
Member |
31-Dec-2021 18:21
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i suppose u r a shortish praying for ridicule price ?u want $1.5 like yr previus post ??go geyland!!but now covid suspension..LOL let me remind u ,$400 cash is call nett nett cash after all exorbitant director ,exorbitant expenses,so now relased to extra ordianry high margin on best world!! now u regreted shoting a jewel???the more u say negative things about the company,it would surprise in earning capacity without borrowing!!!!   |
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softdrink
Member |
31-Dec-2021 17:48
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Lets face the facts. They could not get much  credit facility. And even if they do, how much do you think they can get? ssuming that they ALL IN with their cash and such, price would be around $0.60-0.70 max. Do you think they will ALL IN just to make you happy? No need to pay salary, rental, operating expenses and such? Just pray hard they will not even give you a SUPER LOW BALL offer will do.
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kcs1107
Member |
31-Dec-2021 16:00
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basing on recent earning and cash flow inside company of close to $400/- millions, each shareholder entitled to receive up to $65 cent  per share (if company delay take over is cound be 80 to 100 cent)   peer comparison earning of 12 to 15% should be reasonable , i fully agree with kelvin' s analyzation  and analysis.Anything below $3.68  per share ,u need to question the credibility of mangement   |
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Richardlai
Master |
31-Dec-2021 15:14
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Any payment below $2 per share is basically cheating the minority shareholders.,  | ||||
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