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THE BEST IS YET TO BE
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uiop1223
Supreme |
30-Nov-2020 22:30
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Strange that quite a few still think positively of BW. SGX is not sleeping and a long time has passed since BW submitted its proposal. Something very wrong right?
Still dreaming of dividends or bonus shares 🤣 🤣 🤣 Shld be thinking of writing off ur money
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meljohn
Senior |
30-Nov-2020 21:16
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Any update?? | ||||
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Richardlai
Master |
26-Nov-2020 16:18
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Best World should hold a briefing for Broking houses and investors before they relist so that all concerns can be addressed. They have a lot of good things coming up which is pretty positive . If they cant pay cash dividends due to SGX advice , they they can give out shares as dividends or have a bonus issue instead .... | ||||
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crystal88884
Member |
26-Nov-2020 16:10
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Wonder what is taking SGX so long to approve the resumption of trade. | ||||
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gravity8888
Supreme |
24-Nov-2020 18:57
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The last financial seems good. And they are apply for resumption of trade.. But why suspended so long? Not vested | ||||
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dcools
Senior |
20-Nov-2020 21:49
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once suspension lifted, mkt will determine what the share price will be. | ||||
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ffff152100ffff
Master |
20-Nov-2020 18:00
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Anyone know for this stock how? | ||||
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Richardlai
Master |
20-Nov-2020 17:00
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Any price is fine , so at least something happens. Presently a lot of rubbish stocks are still listed and the company with lots of cash is suspended haha. | ||||
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phongy45
Senior |
20-Nov-2020 16:44
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at $1.40????
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Shifu8888
Supreme |
20-Nov-2020 15:35
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The two aunties now having compressed oxygen to look younger. Allow them sometime cos this treatment takes long time. 😃
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iinvestor
Veteran |
20-Nov-2020 15:32
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maybe waiting for COVID vaccine approval...this one kanna VIRUS........sick stock. 
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Richardlai
Master |
20-Nov-2020 15:29
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Exchange taking too long to lift suspension ... either lift suspension or ask main shareholders to buy the share from the minority at a premium perhaps. | ||||
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phongy45
Senior |
12-Nov-2020 08:57
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PE 8 , VERY GOOD!
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uiop1223
Supreme |
12-Nov-2020 07:51
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Hi Beng, why only publish 2018 remuneration? If they are transparent, then there will not be any guessing? Or something to hide? Like someone salary...?
https://bestworld.listedcompany.com/remuneration_matters.html |
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beng1102
Elite |
12-Nov-2020 01:05
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Not true! I checked the administrative expenses for the whole year of 2018 and it is 51.3 million. If founders paid themselve more than 40m then very little is left for all other administrative expenses it would be impossilbe to run the company. The later result is out and numbers are consistent.
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uiop1223
Supreme |
11-Nov-2020 09:06
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I like this part ? Best World?s founders...exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$2 million in 2013 to receiving over S$40 million in cash in 2018!?
The report asserts that in the three years since implementing the scheme, the co-founders collectively took home S$85 million in cash, while its trade and payables balance were at a record high of S$95 million and its receivables falling to an all-time low of S$5.2 million. BW give a bit dividends and shareholders happy to turn blind eye to all monkey activities |
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like2learn
Veteran |
10-Nov-2020 22:08
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Prof Mak case studies - BW pg 43 https://governanceforstakeholders.com/wp-content/uploads/2020/11/cg-vol-9_final.pdf |
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Richardlai
Master |
10-Nov-2020 12:24
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Ah nice time to relist. If drop too much buy more. Go up too much sell haha. |
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Joelton
Supreme |
10-Nov-2020 09:17
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Best World submits trading resumption proposal to SGX RegCo
BEST World International has submitted a proposal for the resumption of trading of its shares to the regulatory arm of the Singapore Exchange (SGX), it said on Sunday night.
Trading in Best World' s shares has been suspended since May 2019.
In an exchange filing, the skincare products firm said that it submitted a resumption proposal to SGX RegCo on Sunday, which addresses concerns raised on independent reviewer PricewaterhouseCoopers Advisory Services' (PwC) observations and recommendations, the legality of its sales and distribution model in China, and the lack of clarity on its financial position.
SGX RegCo had said in July this year that Best World would need to submit a proposal to resume trading that addresses these concerns. It would then consider the company' s proposal and its FY2019 audited financial statements before making a determination on Best World' s continuing listing on the Singapore bourse.
" In the absence of sufficient clarity on the actual financial position of the group and legality of the business including compliance with PRC regulations, trading in the shares of the company cannot resume in a fair, transparent and orderly manner," SGX RegCo had said.
The statement by SGX RegCo came after an independent review by PwC of Best World' s premium skincare distribution business in China uncovered " questionable deposits" into the personal bank accounts of various individuals by its franchisees, as well as other potential breaches of Singapore' s Companies Act.
The findings by PwC also resulted in auditor Ernst & Young issuing a disclaimer of opinion on Best World' s financial statements for FY2018.
PwC was hired to review the financial affairs of Best World after concerns were raised by The Business Times in February last year over its sales practices as well as that of its China franchisees.
In its filing on Sunday, Best World said: " Shareholders are reminded that the trading suspension of the company' s shares will only be lifted upon the fulfilment of the conditions required by SGX RegCo, including the finalisation of the group' s audited financial statements for FY2019, and SGX RegCo indicating that it has no objections to the resumption proposal."
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phongy45
Senior |
09-Nov-2020 21:08
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