| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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beng1102
Elite |
16-Feb-2021 00:10
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When someone is in such a great hurry to take cover, u know it won' t be good
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softdrink
Member |
16-Feb-2021 00:07
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There are offers. I need not bull shit you on these. My PM inbox says it all. Those who did managed to made a deal with me previously know it.
As I said, I will only deal when the 2 conditions are met. You need not worry about me. So far, the situation is still in flavor to me.
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beng1102
Elite |
15-Feb-2021 23:51
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So far no-one is taking up you offer, that speak volumes.  U better getting ready to raise more money to buy back from the open market and pay a premium.
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softdrink
Member |
15-Feb-2021 23:45
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My offer still stands.
Please PM me ONLY if you intend to sell. Do not ask how I am able to do it. Only deal with 50 lots and above. If you are looking at $1.00 and above, please ignore my post.
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softdrink
Member |
15-Feb-2021 23:42
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After all these saga, you still thing the numbers are accurate? (you need not be educated to know, just common sense)
The purpose of the audit is to verify. If the auditor is not able to verify facts within the listed company, it spells lots of trouble! Moving forward, you still think the company is good? Please wake up!
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beng1102
Elite |
15-Feb-2021 22:54
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If u r educated why u can' t figure simple numbers.  People made money u not happy.
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uiop1223
Supreme |
15-Feb-2021 21:41
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Hey ah beng, are u educated? Auditor already say ? Due to the significance of the matters described in the Basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.?
The main concern: 1) are the import agents and marketing agents truly independent of BW or if BW exercises significant control, then the fs of the agents must be consolidated at group level of BW. This means sales to agent must be eliminated at grp consol level. Only sales to end customers can be recognised as sales of BW. But given the poor book keeping of the agents, i suspect we never know what is the true sales to end consumers 2) Legal review As disclosed in Note 2.1(d) to the financial statements, the legal advice obtained by the Group has indicated potential risk areas of the franchise business model in China. Based on the information available to us, we are unable to conclude on whether the Group?s business operations in China are in violation of the relevant provisions under China laws. So if agents is not allowed, BW need to provision for significant legal penalties and moving forward, it needs to set up physical shops across china. Still good profits? Use ur brains, if any.
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beng1102
Elite |
15-Feb-2021 21:09
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Audited numbers are even better, for example EPS inscreased.  Resume trading will  see this counter more up.
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uiop1223
Supreme |
15-Feb-2021 18:33
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Lol. Got read carefully or dont know how to read? EY put disclaimer and repeat all the concerns of pwc findings. How is this a huat event?
All i know is dora and doreen earned $7.75 - $8m. Very good money for them. Why will they want to spend money to delist? Let status quo and screw all shareholders 🤪 |
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eagleeyes1989
Master |
15-Feb-2021 18:04
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annual report and auditors opinion on FS are out. looks like it will unhalt soon. huat ah!  | ||||
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Richardlai
Master |
09-Feb-2021 12:31
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Margins on cosmetic products are very high. 10 cent cost fetches $20 ! With such a huge cash hoard they should declare more dividends. | ||||
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moneyspinner
Veteran |
09-Feb-2021 11:33
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Then CAD should come in to bring them to court for malpractices and whatever crimes the management had committed. Why isn' t this done?
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uiop1223
Supreme |
09-Feb-2021 10:55
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Its not strange. Their biz in china in danger while retailers keep harping on divs. Questionable accounting and helping major customer , franchise, is not of concern?
The financial knowledge of most sg retailers is ridiculously low.
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moneyspinner
Veteran |
09-Feb-2021 10:26
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What happen to Best World now? Suspend until when?   Has BWI committed any fraud or wrongdoing which has caused it to be suspended indefinitely?   But BWI is still profitable.   I find this situation strange, to say the least!  | ||||
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phongy45
Senior |
18-Jan-2021 22:16
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if $2, buy more 
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zandlery
Supreme |
18-Jan-2021 21:28
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Wow...... It kinda mean to say this but can you tell us which other stock u hold.... (so can avoid)..
No hard feeling
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zandlery
Supreme |
18-Jan-2021 21:22
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Nothing but the cruel reality. Sad to say for shareholders, it will be a shitty first day after resume trading.
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softdrink
Member |
18-Jan-2021 20:54
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Are you still dreaming?
You have any idea on what is going on? Do you know how many investors are dying to load off once resume trading?
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shk363
Elite |
18-Jan-2021 10:47
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once unsuspend should test $2 due to pent up demand | ||||
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Richardlai
Master |
18-Jan-2021 10:25
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Hang on you could still have the last laugh ! Good Luck Bro !
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