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Singapore REITs
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beng1102
Elite |
15-Nov-2021 10:37
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Low balling is still going to $3 and lowest ball is still going be $2.5.
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nott1965
Veteran |
15-Nov-2021 10:07
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haha, if people scared, won' t have so  many crooks in china
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beng1102
Elite |
15-Nov-2021 10:04
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hello.  Wakeup.  Finanacial crime in China could be a DEATH sentence.
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1035834
Senior |
15-Nov-2021 00:19
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The need to appoint an IFA to give advise and not from management, if you doubt their professional judgement, I don' t think they will risk their license because of one job . 
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softdrink
Member |
14-Nov-2021 23:58
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At what price is considered fair and reasonable? After 2 years, you are still living in your dream land? Look at those past delisting transactions, what at what price does it transact at? With a NAV of 0.83 and last done price of $1.36, what do you think the offer will be? Mind you, they can even low ball you at below those prices and give you thousands of reasons to justify such price. No doubt they can borrow money from financial institutions, but with all these saga dragging for years, you think any financial institutions would be daring enough to loan them that much?
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1035834
Senior |
14-Nov-2021 23:25
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(1)  an exit offer must be made to the  issuer' s shareholders and holders of any other classes of listed securities to be delisted.  The exit offer must:
(a) be fair and reasonable and
(b) include a cash alternative as the default alternative and
(2) the issuer  must  appoint an independent financial adviser to advise on the exit offer  and the independent financial adviser must opine that the exit offer is fair and reasonable.
Amended on  11 July 2019.
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1035834
Senior |
14-Nov-2021 23:23
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If money not around then the company will not ask for delisting   and most of the money is in Singapore Bank as under the Company   , shortist better prepare for the worst , as under the latest   delisting ruling   , the offeror need to give fair offer  under Rule 1309 of the Listing Manual of the SGX-ST. 
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nott1965
Veteran |
14-Nov-2021 21:37
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do you think they will pay you $2.50? Money over the 2 years had probably already disappeared like typical chinese company
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beng1102
Elite |
14-Nov-2021 15:44
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If delist at $2.5 or above, almost all shortists get subotaged by the Bonitas report.  Stil short?  Is time to make your offer as price is going up.
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beng1102
Elite |
14-Nov-2021 13:11
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$2.50 is not demanding at all.  It is much lower than ther worse case scenario.    I sure other major shareholders want a much higher price.
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beng1102
Elite |
14-Nov-2021 12:31
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Thanks for the links.  2nd report seems to imply that delist price should be range from $3.18 to $5.69.  We know that these are just theorectical valuation.  Subject to funding and I am now convinced that delisting price is definitely more than $2.5 in the worse case.  
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kasskarthik
Member |
13-Nov-2021 22:26
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I got stuck here for 2years. Hope we get reasonalbe offer to offload looking for best for all the longs. Thinking of shorts LOL.  | ||||
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aizaikia
Member |
13-Nov-2021 22:14
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wow .. didn' t know kelvestor owns best world as well lets see if best world will offer the shareholder a fair price for the delisting?  this is playing out more interesting than k drama hahaha
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phongy45
Senior |
13-Nov-2021 11:15
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year to year still good ..  https://www.businesstimes.com.sg/companies-markets/best-world-q2-net-profit-up-369-to-s394m [
Best World Q2 net profit up 36.9% to S$39.4m]
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aizaikia
Member |
13-Nov-2021 10:16
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https://www.businesstimes.com.sg/companies-markets/best-world-intl-posts-111-decline-in-q3-profit-mulling-over-a-delisting delist for the best , better than money stuck for eternity.. Hopefully can get an good offer for delisting |
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1035834
Senior |
12-Nov-2021 22:39
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i think the delist offer will be out together with Q4 results , so the company will no need to have AGM anymore as the delist exercise normally will take 2-3 months only and  it is exactly full year results to let the Independent financial advisor to give advise on the offer from the company to shareholders.
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like2learn
Veteran |
12-Nov-2021 22:28
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Nice to see u back, many thanks for stepping fwd and organising the petition. yes, we never know but the petition may well be the reason....
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Colin.Lim
Member |
12-Nov-2021 22:06
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This is indeed good news for BWL retail investors/shareholders. Hopefully, a favorable price offer will be announce soon for delisting. Not sure if the petition for BWL to delist helps to push them but a big thank you for the support. | ||||
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1035834
Senior |
12-Nov-2021 21:56
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Coming quarter will be getting better  as the activites of many countries has started back to normal after vaccinated. Malaysia also one of the important BW market has resumed most of business activities. 
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phongy45
Senior |
12-Nov-2021 20:44
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with the past 2-3 years of AGM statement n reports .. i think value .. S$4-5 ?
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