Best World Delivers $5.2m in Net Profit for 1H2009 Ã¢â¬Â¢ Group revenue and net profit improve quarterly despite challenging times Ã¢â¬Â¢ Remain confident of new product offerings to be introduced in 2H2009 Ã¢â¬Â¢ Dividend payout represents 47.2% of 1H2009 net profit
insightful posting by dydx at
: Q2/1H-FY09 results just out.....
[Press release] When one compares the Q2 numbers against the Q1 numbers, it is quite clear the worst for Best World\'s direct marketing business - to me, it happened in Q1 - could have passed. Let\'s hope for steady growth in rev. and profits from Q3 onwards..... It is also important to note that as at 30Jun09, Best World\'s nett cash reserve has increased to $38.82m (from $33.3m as at 31Mar09) - equivalent to $0.188/share, based on the 206.25m issued shares. Based on 1H\'s EPS of $0.0254, full-year FY09\'s EPS could well come to $0.06, bearing in mind historically, Best World\'s direct marketing business produced higher rev. and profits in the 2H. An ultra-conservative PER of 7x would give a fair value of $0.42 for a Best World share, before attaching any additional value on the company\'s huge nett cash reserve. I welcome fellow forumers to share your views on the valuation of Best World\'s business and the unit share. An interim div. of $0.012/share declared, with payment date to be advised.