Back

Latest Forum Topics / Best World

Post Reply

THE BEST IS YET TO BE Post Reply Rate topic
runaway Senior	26-Feb-2019 08:30        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the paper is not convinced... it the market is not convinced... Nothing would help the falling price .... The market may show some sympathy with a technical or oversold correction, but the doubts will linger on.
Useful To Me  Not Useful To Me
kerier Veteran	26-Feb-2019 08:28        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, this should be how franchising works. The franchisee buys goods from BW, pays them licensing fees and perhaps a commission of sales or profits. BW doesn' t own a stake in the franchisee, so does the franchisee' s numbers go into BW' s books? I don' t think so. Shifu8888      ( Date: 26-Feb-2019 08:03) Posted: Do not spread fear. How BW works: 1. Franchisees bought good from BW on cash terms, which means they pay to BW cash upon delivery of goods. However there is a refund in events of defective products 2. After buying the goods, Various franchisees will then resell to their respective markets. How much sales these franchisees sold, BW will NOT know and will not care and will not take into account. This is what it means. I will be worried if BW takes into account the sales clocked by their franchisees. It means double entry. Kindly read the clarification properly and if not sure, do not anyhow jump to conclusion. I have to agree that BW valuation is on the high side but their coming earnings and future numbers are crucial to bring the valuation down. Every dip is a chance to nimble. Like I said, as Long as the numbers are genuine, monetizable (real money not pseudo biological accounting, such test will be cash at bank, buy backs and dividends) I see no reason why the shares will not make a come back and when it comes back, it will come back hard. My POV, your money. runaway      ( Date: 26-Feb-2019 07:46) Posted: From the paper: The last paragraph is worrying. How can the company Not responsible for the numbers provided by the franchisees? These numbers do get rolled up to BW financial results, yes? We all know too well the phrase Garbage in, Garbage out. Best World: Best World International is  hiring an independent reviewer  to scrutinise its business and accounting practices. It had requested a trading halt last Monday after its shares fell 16.6 per cent following a BT report published that day titled, Sales of DR' s Secret in China: Best World' s best-kept secret? The report raised concerns over the challenges in tracking sales of the company' s DR' s Secret line of premium skincare products in China. In a statement on Saturday, the company said that it has conducted its business ethically and in compliance with applicable laws, but " is not responsible for the accounting and sales records of the franchisees, who are independent third parties" . Trading in shares of Best World will resume on Monday.
Useful To Me  Not Useful To Me
kimbwu Member	26-Feb-2019 08:23        kimbwu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Franchising Definition: The term &lsquo franchise&lsquo is understood as an exclusive right conferred by the parent organisation to an individual or enterprise to use the former&rsquo s successful business model, in stipulated areas.  Franchising is a business relationship wherein the owner authorises another party to use their brand, product, business system and process in return for adequate consideration. In finer terms, franchising is an arrangement, in which the manufacturer, permits another firm, the right to use its diverse intellectual property rights such as trademark, brand name, technical know-how, designs, etc., in addition to the proven name, goodwill and marketing strategies, for a certain sum.
Useful To Me  Not Useful To Me
Shifu8888 Supreme	26-Feb-2019 08:03        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do not spread fear. How BW works: 1. Franchisees bought good from BW on cash terms, which means they pay to BW cash upon delivery of goods. However there is a refund in events of defective products 2. After buying the goods, Various franchisees will then resell to their respective markets. How much sales these franchisees sold, BW will NOT know and will not care and will not take into account. This is what it means. I will be worried if BW takes into account the sales clocked by their franchisees. It means double entry. Kindly read the clarification properly and if not sure, do not anyhow jump to conclusion. I have to agree that BW valuation is on the high side but their coming earnings and future numbers are crucial to bring the valuation down. Every dip is a chance to nimble. Like I said, as Long as the numbers are genuine, monetizable (real money not pseudo biological accounting, such test will be cash at bank, buy backs and dividends) I see no reason why the shares will not make a come back and when it comes back, it will come back hard. My POV, your money. runaway      ( Date: 26-Feb-2019 07:46) Posted: From the paper: The last paragraph is worrying. How can the company Not responsible for the numbers provided by the franchisees? These numbers do get rolled up to BW financial results, yes? We all know too well the phrase Garbage in, Garbage out. Best World: Best World International is  hiring an independent reviewer  to scrutinise its business and accounting practices. It had requested a trading halt last Monday after its shares fell 16.6 per cent following a BT report published that day titled, Sales of DR' s Secret in China: Best World' s best-kept secret? The report raised concerns over the challenges in tracking sales of the company' s DR' s Secret line of premium skincare products in China. In a statement on Saturday, the company said that it has conducted its business ethically and in compliance with applicable laws, but " is not responsible for the accounting and sales records of the franchisees, who are independent third parties" . Trading in shares of Best World will resume on Monday.
Useful To Me  Not Useful To Me
eric998 Supreme	26-Feb-2019 07:59        eric998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They aggressively sell franchise,collect franchisees fees, the products sell to franchise to sell, whether the franchisees make money is not accounted? That?s why the figures are good, just get people to buy the franchise? runaway      ( Date: 26-Feb-2019 07:46) Posted: From the paper: The last paragraph is worrying. How can the company Not responsible for the numbers provided by the franchisees? These numbers do get rolled up to BW financial results, yes? We all know too well the phrase Garbage in, Garbage out. Best World: Best World International is  hiring an independent reviewer  to scrutinise its business and accounting practices. It had requested a trading halt last Monday after its shares fell 16.6 per cent following a BT report published that day titled, Sales of DR' s Secret in China: Best World' s best-kept secret? The report raised concerns over the challenges in tracking sales of the company' s DR' s Secret line of premium skincare products in China. In a statement on Saturday, the company said that it has conducted its business ethically and in compliance with applicable laws, but " is not responsible for the accounting and sales records of the franchisees, who are independent third parties" . Trading in shares of Best World will resume on Monday.
Useful To Me  Not Useful To Me
kerier Veteran	26-Feb-2019 07:59        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	i dont think they will suspend. its a good opportunity for the company and management to buy back on Wed to instill confidence.  runaway      ( Date: 26-Feb-2019 07:53) Posted: Following the BT report,1st day dropped $0.50, 2nd day another $0.50, 3rd day ??? At $2.20, there is not too many rounds of $0.50 before it hits ground zero. To protect its falling share price, I suspect BW may call for a suspension pending the reciew of an independent party. Typically, a professional review will take 6 months so be prepared to get locked up.
Useful To Me  Not Useful To Me
runaway Senior	26-Feb-2019 07:53        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Following the BT report,1st day dropped $0.50, 2nd day another $0.50, 3rd day ??? At $2.20, there is not too many rounds of $0.50 before it hits ground zero. To protect its falling share price, I suspect BW may call for a suspension pending the reciew of an independent party. Typically, a professional review will take 6 months so be prepared to get locked up.
Useful To Me  Not Useful To Me
runaway Senior	26-Feb-2019 07:46        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the paper: The last paragraph is worrying. How can the company Not responsible for the numbers provided by the franchisees? These numbers do get rolled up to BW financial results, yes? We all know too well the phrase Garbage in, Garbage out. Best World: Best World International is  hiring an independent reviewer  to scrutinise its business and accounting practices. It had requested a trading halt last Monday after its shares fell 16.6 per cent following a BT report published that day titled, Sales of DR' s Secret in China: Best World' s best-kept secret? The report raised concerns over the challenges in tracking sales of the company' s DR' s Secret line of premium skincare products in China. In a statement on Saturday, the company said that it has conducted its business ethically and in compliance with applicable laws, but " is not responsible for the accounting and sales records of the franchisees, who are independent third parties" . Trading in shares of Best World will resume on Monday.
Useful To Me  Not Useful To Me
bishan22 Supreme	26-Feb-2019 07:42        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Houses restrict short selling liao... george78      ( Date: 26-Feb-2019 07:37) Posted: Let the party continue today...short ah
Useful To Me  Not Useful To Me
george78 Member	26-Feb-2019 07:37        george78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let the party continue today...short ah
Useful To Me  Not Useful To Me
runaway Senior	26-Feb-2019 06:53        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Brand -   DS can never be compared with SKII. One is China centric, the other is global. 一 个 是 Panda, 一 个 是 Prada. Confirmed by largest Law Firm - BT asked for the name of the law firm but the company refused to disclose. 有 等 于 无 。 28 years in business - Yes, but the share was below $0.10 in the early years for a long time. Recent surge happened within 2 years. The article in the BT is doing the community at large a social service, to point out a potential business issue. The onus is on the company to prove otherwise. The appointment of an independent party would help, but market buys the story of BT for now.
Useful To Me  Not Useful To Me
Sen9999 Member	25-Feb-2019 23:41        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think of it, it's a company that has so far been conducting business ethically for the past 28years. Many people in sg know about this brand Dr Secret and has been receiving positive reviews on the product locally and aboard. The company said they conduct business within the laws of China with the confirmation from the largest law firm in China. Are we too fast in jumping into conclusion that there are issues in their business model because of the one-sided article posted by a reporter whose integrity has been questioned before. The follow up article did not even acknowledge the lack of clarification on their report. I believe things will get clearer once the result is out and waiting for another rebuttal from BW.
Useful To Me  Not Useful To Me
SmallSmall Supreme	25-Feb-2019 21:35        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was lifted months ago and reimposed after market closed today. Not vested (neither long nor short) Sen9999      ( Date: 25-Feb-2019 21:32) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
Superkilat Elite	25-Feb-2019 21:21        Superkilat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow free fall to 1.00 soon. :)
Useful To Me  Not Useful To Me
ysh2006 Supreme	25-Feb-2019 21:17        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cannot buy by brokering house but can sell is it (Those have share account) Superkilat      ( Date: 25-Feb-2019 20:05) Posted: Tomortow another blood shed? More houses will join in uob KH to restrict BW trading. Slow dying in process. Huat ah!
Useful To Me  Not Useful To Me
Sgvale Supreme	25-Feb-2019 21:12        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Normally when UOB KH restriction came, that particular stock will plunge. I still have memory when UOB KH restriction of a few particular counters eg Midas, Hi-P etc. SmallSmall      ( Date: 25-Feb-2019 19:35) Posted: UOB Kay Hian announced restrictions on Best World after market closed. For info
Useful To Me  Not Useful To Me
runaway Senior	25-Feb-2019 20:58        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	By the end of the week, all the fat accumulated over the years would have shed 7788。 Likely below $1.00 soon.
Useful To Me  Not Useful To Me
fatpanda Supreme	25-Feb-2019 20:23        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	Stock price would hsve another hard hit tomorrow if brokerage houses imposed trading restriction on BW.
Useful To Me  Not Useful To Me
Superkilat Elite	25-Feb-2019 20:05        Superkilat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomortow another blood shed? More houses will join in uob KH to restrict BW trading. Slow dying in process. Huat ah!
Useful To Me  Not Useful To Me
SmallSmall Supreme	25-Feb-2019 19:35        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB Kay Hian announced restrictions on Best World after market closed. For info
Useful To Me  Not Useful To Me

                                                         First   < Newer   5561-5580 of 8843   Older>   Last