Best World

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14 years 1 week ago #3072 by Bestworld
Replied by Bestworld on topic Re:Best World
Selling pressure remain very high. Why BW not doing share buyout if it is undervalued now?:P

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14 years 1 week ago #3073 by Pharoah88
Replied by Pharoah88 on topic Re:Best World
Did any Foreign Funds invest in Best World? If Best World shares are HELD by FOREIGN FUND(S), check OUT *BULL in MIND* PERFECT PROPHESY forum.

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14 years 1 week ago #3076 by Bestworld
Replied by Bestworld on topic Re:Best World
So what if they are? They must be very disappointed to see huge cash sitting there doing nothing!:P

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14 years 1 week ago #3080 by erelation
1. Today Price = $0.28 2. Net Cash = $0.18 3. Share Price exclude Cash = S$0.10 4. Forward EPS = 3.7cents (9mth EPS= 3.08cents) Forward PE (exclude cash) = 10 cents / 3.7 cents = 2.7X. Forward PE (with cash) = 7.5X. Is this price reasonable? Taking into consideration that there is ONLY S$280,000 long term liability and mainly other current trade and other payables which can be covered by current assets. Judge for yourself....

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14 years 1 week ago #3081 by Pharoah88
Replied by Pharoah88 on topic Re:Best World
During the CNY visiting, it was a surprise to hear that quite a number of employees did not have bonus for 2009. With the reduction in disposable cash, sustainability of MLM business comes into question. That is probably the reason for the huge cash reserve. When economy actually recovers by end 2010, prospect will be better for MLM company.

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14 years 1 week ago #3086 by Bestworld
Q3 was bad. Q4 may not be good either. Hence use Q3 eps x4 should be more logical. The fact that they are holding on to huge amount of cash for YEARS doing nothing doesn\'t make any sense at all. If coy return 18c to shareholders then I agree that 10c looks attractive. Else, it looks expensive!

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