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THE BEST IS YET TO BE
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Richardlai
Master |
18-Jan-2022 09:59
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Thanks for the update. Half a loaf is better than no bread ??? | ||||
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Joelton
Supreme |
18-Jan-2022 09:55
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Best World International issues offer letter for 10% share buyback
BEST World International has issued its offer letter and acceptance forms to shareholders on Monday (Jan 17), as part of its off-market offer. The beauty product distributor announced on Dec 31 last year that it will buy back up to 54.4 million or about 10 per cent of its issued shares at S$1.36 apiece.
Shares of Best World International have been suspended from trading since 2019 after SGX RegCo raised concerns over the legality of its business model in China - following questions raised by The Business Times, and later by short seller Bonitas Research.
On Nov 11, the company said that it " might be appropriate to consider a delisting" .
The share buyback offer, which is priced at its last trading price, will close on Feb 14, 2022.
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phongy45
Senior |
11-Jan-2022 19:34
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you buying if 80cents??
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hopeful7703
Member |
11-Jan-2022 14:15
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So should we wait for resumption in trading, delisting or equal access offer? | ||||
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uiop1223
Supreme |
11-Jan-2022 08:42
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TP 80cents 😎
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1035834
Senior |
10-Jan-2022 22:15
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https://www.zaobao.com.sg/finance/singapore/story20220110-1231329 |
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phongy45
Senior |
10-Jan-2022 18:14
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you are buying or selling???
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uiop1223
Supreme |
09-Jan-2022 19:57
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Lol? ya, continue to dream and have money LOCK in.
Put in CPF SA can still earn 4% compound interest. BW? If dont take current offer, next offer is $1? 😱 😱 😱
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JarBinx
Member |
09-Jan-2022 09:36
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first offer is always lowball. that' s why only buyback up to ~10% shares to test waters, make it seem exclusive
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phongy45
Senior |
07-Jan-2022 00:50
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good for shorties .. good lucky guys ..
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phongy45
Senior |
07-Jan-2022 00:44
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10% dividend?
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uiop1223
Supreme |
06-Jan-2022 11:12
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Dont dream of BW as GameStop la. Its SGX. Short sellers paradise 😎 | ||||
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kcs1107
Member |
06-Jan-2022 08:31
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When you trade stocks in the traditional way (&ldquo buy low and sell high&rdquo ), the maximum amount that you can lose is your initial investment. However, when short selling stocks, your losses are theoretically unlimited, since the higher the stock price goes, the more you could lose. You will be charged interest only on the shares you borrow, and you can short the shares as long as you meet the minimum margin requirement for the security. Review the short selling example below to see how short selling a stock works. Most investors think of risk being only on the downside,&rdquo said CFP Matt Canine, senior wealth strategist with East Paces Group in Atlanta. &ldquo When you buy a stock outright, your losses are finite &mdash if you buy at $100 and it goes to zero, you lost $100.
&ldquo But if you short it and it goes to $200, $300, $400 etcetera, your losses are compounded,&rdquo Canine said. &ldquo The risk on the upside is unlimited.&rdquo so basically all short seller need to wet n sht in the pant now,with current combination of top shareholder combination of 51%,it is not suprising to have 5 ( each time 10% max )or more offer to entitled investor into the buy-in.unfortunately we od have three kind of investor (firstly ,the ultra herd intinct investor.secondly ,the savvy investor with fundemental and techical ,finally long terms ,super savvy investor with prudent interest that a company free cash flow to sustain earning without borrowing In a nutshell: All the buying pushed up the prices, meaning the funds&rsquo bets were wrong and they&rsquo ve lost billions of dollars. Year to date, for the GameStop short sellers alone, the loss is at least $5 billion, according to S3 Research. u need not understand short seller,When THINGS GO WRONG ,they will likely said,accusation or do pathetic things to undermine
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phongy45
Senior |
05-Jan-2022 18:01
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evil? ,,, how to cash all?
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hopeful7703
Member |
05-Jan-2022 13:21
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How do you know the China government is going to investigate BW?
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uiop1223
Supreme |
05-Jan-2022 08:45
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The worst is yet to come 🤣 🤣
Wish all shareholders lost all money since they refuse to cash all.
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Richardlai
Master |
04-Jan-2022 17:20
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I wish BW all the best, the problem is not something hard to resolve.
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like2learn
Veteran |
04-Jan-2022 15:52
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how many bought above 1.36 but then u r right. if we dun accept whatever little now, we don' t know when or whether we will get back anything. waiting for the offer letter, suck thumb. 
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uiop1223
Supreme |
04-Jan-2022 13:46
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Waiting for china to slap a huge fine on BW 👻 👻 👻 | ||||
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uiop1223
Supreme |
04-Jan-2022 12:55
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Shiok 😎 😎 😎
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