Up 1 ct to 30 cents. On the way to 40 cents? At 40 c, and a 2.2 cent div, like last year, the yield would be 5.5%. Very good yield, being paid to wait while the business recovers to its full strength and the stock price gets up to an exciting level.
40 cents should be an easy target if Best World can maintain Q4 performance into FY10....but 40 cents is not great. To be a great company, more need to be done!
700,000 shares bought at 31 cents - first trade this morning. Who shelled out $217,000 just like that? Must be boutique fund. Or High Net Worth Individual. Silky is that you? Or erelation? Anyone buying that amt at one pop must be looking at at least 40 cents for the stock price to go up to .....
Volume has been very strong over the last 2 weeks. Based on the decent Q4 performace, should continue to head towards 50c. Still hope to hear some good news regarding how they going to deploy the 36m CASH...!!
This is an undervalued stock with a strong balance sheet, huge cash position (net cash of S$36mn) and the low PER of about 6 times. I read from NRA Capital boss\' blog that Best World met up with analysts and fund managers a few days ago. So maybe some of them got reassured, and are willing to bet on this too-low-to-worry-about stock.