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softdrink Member	12-Nov-2021 01:29        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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beng1102 Elite	12-Nov-2021 01:14        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since business is generating lot of cash.  I prefer them to do a partial buy back at high price say > $2.  Just do this a few rounds and effectively buy out everyone.  lol. beng1102      ( Date: 12-Nov-2021 01:02) Posted: By the time it finishes the feasibility studies, the cash would have grown to 600m.  The major shareholders control more than 41% of the company and with the free cash it dosn' t take much fresh cash to delist sure can affort to pay more. More like to buy back share partially from the shareholders,    See below.  I would say at  least $1.8 per share. " In light of the aforementioned, as an interim measure while trading remains suspended and the Company is exploring options for a delisting, the Company is concurrently exploring options to provide shareholders with certain liquidity/cash value for their shares in the Company, including by way of an off-market share buyback scheme. The Company will update shareholders once the interim measure has been finalised.  " 1035834      ( Date: 11-Nov-2021 23:37) Posted: They need to get Valuer to value their business and not anyhow give offer , EPS this year will around 25 cts , if using low valuations also got around sgd 2 per share , which is book value + business value
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beng1102 Elite	12-Nov-2021 01:02        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By the time it finishes the feasibility studies, the cash would have grown to 600m.  The major shareholders control more than 41% of the company and with the free cash it dosn' t take much fresh cash to delist sure can affort to pay more. More like to buy back share partially from the shareholders,    See below.  I would say at  least $1.8 per share. " In light of the aforementioned, as an interim measure while trading remains suspended and the Company is exploring options for a delisting, the Company is concurrently exploring options to provide shareholders with certain liquidity/cash value for their shares in the Company, including by way of an off-market share buyback scheme. The Company will update shareholders once the interim measure has been finalised.  " 1035834      ( Date: 11-Nov-2021 23:37) Posted: They need to get Valuer to value their business and not anyhow give offer , EPS this year will around 25 cts , if using low valuations also got around sgd 2 per share , which is book value + business value  ttbanthony      ( Date: 11-Nov-2021 22:27) Posted: Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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1035834 Senior	12-Nov-2021 00:00        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.allenandgledhill.com/sg/publication/articles/12326/sgx-implements-changes-to-voluntary-delisting-regime-on-11-july-2019
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1035834 Senior	11-Nov-2021 23:56        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The company still a listed company, they can' t take the company money as part of financing until they delist it  nott1965      ( Date: 11-Nov-2021 23:46) Posted: Shocked to learn ' The Company will likely require external financing to undertake a delisting exercise and this would have a bearing on its feasibility, and there is also no definitive timeline as financing of such an exercise remains uncertain at this time' . What happened to all the profit and cash holding they said they claimed?
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nott1965 Veteran	11-Nov-2021 23:46        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shocked to learn ' The Company will likely require external financing to undertake a delisting exercise and this would have a bearing on its feasibility, and there is also no definitive timeline as financing of such an exercise remains uncertain at this time' . What happened to all the profit and cash holding they said they claimed?
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1035834 Senior	11-Nov-2021 23:37        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They need to get Valuer to value their business and not anyhow give offer , EPS this year will around 25 cts , if using low valuations also got around sgd 2 per share , which is book value + business value  ttbanthony      ( Date: 11-Nov-2021 22:27) Posted: Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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Sunbrighten Senior	11-Nov-2021 23:05        Sunbrighten About Contact  Quote this Post!
x 0   x 0  Alert Admin	Veteran thanks for your message..I feel better now🙏 dyingcat      ( Date: 11-Nov-2021 22:57) Posted: Where did u get the cash amount? It was $380m as at 30 Sep, OK? Finally delist or off market transaction is coming. Fair value $1.5 ttbanthony      ( Date: 11-Nov-2021 22:27) Posted: Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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ttbanthony Veteran	11-Nov-2021 22:59        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need minus their liabilities? Of cos I can see is $380m dyingcat      ( Date: 11-Nov-2021 22:57) Posted: Where did u get the cash amount? It was $380m as at 30 Sep, OK? Finally delist or off market transaction is coming. Fair value $1.5 ttbanthony      ( Date: 11-Nov-2021 22:27) Posted: Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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dyingcat Veteran	11-Nov-2021 22:57        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where did u get the cash amount? It was $380m as at 30 Sep, OK? Finally delist or off market transaction is coming. Fair value $1.5 ttbanthony      ( Date: 11-Nov-2021 22:27) Posted: Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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ttbanthony Veteran	11-Nov-2021 22:27        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Delisting is on the cards. With 544 million shares, assuming 55% in own hands, free shares in market is 245m shares. Net Cash on hand: about $250m Unlikely to be more than $1 offer. Wow! Cut throat.
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piscesmonkey Supreme	11-Nov-2021 22:18        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	No dividends have been declared/recommended by the Board for the financial period ended 30 September 2021, in the face of the Group?s current circumstances and uncertain business climate, taking into consideration short and medium commitments.
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beng1102 Elite	11-Nov-2021 21:47        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They took so long to investiage and did not help.    Only thing is that stock borrowing keeps paying interest. phongy45      ( Date: 11-Nov-2021 21:12) Posted: lol, resigned or sacked!! ... were they honest and unbias? beng1102      ( Date: 11-Nov-2021 20:56) Posted: EY had made enough and they have resigned/sacked.  New auditor could be good news
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phongy45 Senior	11-Nov-2021 21:12        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol, resigned or sacked!! ... were they honest and unbias? beng1102      ( Date: 11-Nov-2021 20:56) Posted: EY had made enough and they have resigned/sacked.  New auditor could be good news. phongy45      ( Date: 11-Nov-2021 19:53) Posted: however, this BWL business is CASH rich... business is making good cash !!... what is the reasons? past few AGM, have declared good profits , expenses dropped a little, b/s is good! .. legal have cleared them, correct? .. more of shareholders wanted to know the WHY, EY see that we don' t know about etc
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beng1102 Elite	11-Nov-2021 20:56        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	EY had made enough and they have resigned/sacked.  New auditor could be good news. phongy45      ( Date: 11-Nov-2021 19:53) Posted: however, this BWL business is CASH rich... business is making good cash !!... what is the reasons? past few AGM, have declared good profits , expenses dropped a little, b/s is good! .. legal have cleared them, correct? .. more of shareholders wanted to know the WHY, EY see that we don' t know about etc   meljohn      ( Date: 11-Nov-2021 19:30) Posted: Singapore SGX no system to manage those con company since 20 years ago .This is why majority of shareholders include CPF money all go to Holland.
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phongy45 Senior	11-Nov-2021 19:53        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	however, this BWL business is CASH rich... business is making good cash !!... what is the reasons? past few AGM, have declared good profits , expenses dropped a little, b/s is good! .. legal have cleared them, correct? .. more of shareholders wanted to know the WHY, EY see that we don' t know about etc   meljohn      ( Date: 11-Nov-2021 19:30) Posted: Singapore SGX no system to manage those con company since 20 years ago .This is why majority of shareholders include CPF money all go to Holland.
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meljohn Senior	11-Nov-2021 19:30        meljohn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore SGX no system to manage those con company since 20 years ago .This is why majority of shareholders include CPF money all go to Holland.
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phongy45 Senior	11-Nov-2021 18:44        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	why EY don' t pass the report?   beng1102      ( Date: 03-Nov-2021 21:25) Posted: " Suck thumb and cry everyday" .  Wow!    That is very serious.  At least shareholders are not required to pay interest on share borrowing.  So who is "   suck thumb and cry everyday." like2learn      ( Date: 03-Nov-2021 21:05) Posted: --- Post Removed by User ---
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beng1102 Elite	03-Nov-2021 21:25        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	" Suck thumb and cry everyday" .  Wow!    That is very serious.  At least shareholders are not required to pay interest on share borrowing.  So who is "   suck thumb and cry everyday." like2learn      ( Date: 03-Nov-2021 21:05) Posted: --- Post Removed by User ---
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beng1102 Elite	03-Nov-2021 20:22        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shareholders must take class action against BWI and SGX.  Why?  Continue to suspend trading is no longer justified.  Enough is enough! Richardlai      ( Date: 03-Nov-2021 09:08) Posted: Yes , with the monies BW makes we could get back at least 50% of our cost pretty soon !  This is also one way to kill the shorties  ... but I hope no one jumps down though ! phongy45      ( Date: 02-Nov-2021 23:11) Posted: push for dividend????
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