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THE BEST IS YET TO BE
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stockpicker
Master |
09-May-2019 07:22
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Yes.. it is not a strong rebuttal.  It will invite more questions to be asked.  Their rebuttal did not explain the jigs of the Bonitas' s report.    Hope they don' t fall into the trap of Bonitas.  For example,  they explained that their primary agent,  Changsha Best,  was not selling but accummulated lots of inventory to a tune of $34 millions     Indirectly,  BWL is also saying their products is not selling although BWL would like to tell the investors that Changsha Best was useless.  BWL also did not rebut about the [large sum of money] alleged to be transferred from Changsha Best to BWL when BWL terminated the Primary Agency.. Bonista asked [What kind of independent party pays nearly 100% of accumulated profits upon termination of its agency arragement? In our opinion, not an independent party].. Quite sure many investors are still pluzzed on how BWL can make so much profit for Direct Selling.. hope for the best performance for BWL in today' s trade..
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dyingcat
Veteran |
09-May-2019 07:20
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Yes, with the strong Q1 result, sgx short covering and BWL share buyback, shortists should be very worried. Believe the price will fly back to $2 very soon.
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meljohn
Senior |
09-May-2019 07:17
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Who can advise strategy, Buy or Sell?   |
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michaeltan
Master |
09-May-2019 06:59
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Now the financial result and report are out. ▪ Revenue grew 117.4% y-o-y to S$53.4 million, driven by sales growth in Group&rsquo s key markets. ▪ Gross profit margins improved to 75.2% with full contribution from the Franchise segment, which recognises revenue at a higher price point. ▪ Management reiterates higher revenue and profit growth y-o-y for FY2019.  The blackout period is over. Company and management now can buy back more shares.   
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Luckystrike
Veteran |
09-May-2019 06:52
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Goodluck to those vested.
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Shifu8888
Supreme |
09-May-2019 06:01
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Yes. From those rubbish posts by some forummers, it is not hard to tell they are nervy at the edge of cliff. Still trying their best to talk down BW. No use. $2. | ||||
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1035834
Senior |
09-May-2019 05:52
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So those short please sell it cheap to me , will reload this counter when resume trading . | ||||
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pool100
Veteran |
09-May-2019 05:43
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In BW' s rebuttal, they admitted that they might switch back to their old export model. If they didn' t do anything wrong, why give an escape clause like that? |
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enjoylife77
Veteran |
09-May-2019 05:10
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Lim & Tan Securities slapped trading restriction for obvious reason. | ||||
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Superkilat
Elite |
09-May-2019 04:56
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BWL should thanks to Bonitas. Now the whole China knows about BWL products. As a consumer, i do not care whether the sales rep is doing things legitive or not. What i care is the product is selling like a hot cake and most probably is good or premium quality. Bonitas has provided free advertisement for BWL. | ||||
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Superkilat
Elite |
09-May-2019 04:49
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Bonitas finally got what they want. Bring them to court. See how Singapore court shows its power. | ||||
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Shifu8888
Supreme |
09-May-2019 04:43
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Important:
1. Sales can be faked, Profit can be faked but cash CANNOT. The cash at bank is certified real. Period that. 2. Not fair for forummers to compare it with Noble (Noble as huge debt, BW has only $1.4m debt compared to $170m cash). Noble raises equity and debt. BW raises none. Even huge injustice to compare with the infamous penny stocks. 3. Both ladies seem willing to give up their Honorary Doctorate to show they are willing to fight all the way. (If you realise they have changed from Drs to Mdm) They have grown too big. I have said before SGX is a small pond for salted fish. The ladies should delist BW and go Hk or China. Big trees invite strong wind. Stay with all other big trees. Price will GAP up fly through $1.8 and then $2 easily. |
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enjoylife77
Veteran |
09-May-2019 04:39
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Once targeted by research house and warned in BT, the stain will never go away. Look at Sino-Forest Corp, Olam,Noble, Midas, Blumont, Asiason, Liongold and recently Hyflux.....it is always the stubborn (who keep on averaging down) and gullible retail investors that got rip off badly. | ||||
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Superkilat
Elite |
09-May-2019 04:31
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The saga is good for shareholders. BWL will be very careful on the franchisees or sales rep on if they are doing things ilegally if BWL does not aware of it before bonitas report which i believe BWL knew before the Report. Anyway is good. Since this is made known to public, BWL will be very cautious in its business execution in china. | ||||
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Superkilat
Elite |
09-May-2019 04:20
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One thing good for BWL is that if individual franchisee or sales rep caught for doing things ilegally, the franchisee or sales rep will just write off and BWL can easily enter agreement another franchisee to patch it up. Futhermore, china authority first priority is targeting healtg supplement products which can cause society concern. Skin product is not their main focus in their enforcement. | ||||
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Superkilat
Elite |
09-May-2019 04:10
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Commissioned based sales is legal in China. BwL has draw a clear lune from itself from franchsees. They do not practise to pay bonus to recruitment of sales rep. They pay commussion based on sales made by franchisees and sales reps. If sales rep or franchusees imvolved in illegal recruirment activities such as forcing member rep to buy or pay a initial sum of product/fees which BWL is not training them to do so, they will face their own consequence for it if get caught. Which is logical to me as if a franchsee chose to do something deviate from franchiser guideline, BWL should not be responsible for it. Now the question is how many sales rep or franchisees are doing things ilegally. Not sure. If law catch them up, what will this impact BWL sales? Not sure. | ||||
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pool100
Veteran |
09-May-2019 02:37
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Read through BW' s rebuttal. Seems to have lots of information but didn' t directly address the main allegations by Bonitas. Mostly answering the questions but not answer the points.. if you know what I mean. They claim that their business isn' t MLM, but in my opinion, it definitely has to be MLM to have such numbers without direct selling activities at the shop fronts -  as pointed out by Bonitas. They can refute all they want, but I believe the law will catch up with them and uncover their MLM activities. |
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Arcideaco
Member |
09-May-2019 02:05
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Wonder how many lots SGX have buy back. Looks good. Maybe BWL have to take note how much they need to buy to force CFD shorts margin call.
Just curious will naked really be fined on per day basis. |
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Berani
Elite |
08-May-2019 23:52
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tomorrow company can do share buy back liao. 2 lady boss got alot of money to buy shares |
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Goldfinger
Supreme |
08-May-2019 23:39
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Remeber this one was trade halted while other stocks with China exposure were getting crushed by the Trade War fears. Also, how can we trust historical numbers anymore, since things going forward may be vastly different? Am still looking for less than SGD 1 before entering.
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