Best World

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13 years 4 months ago #6201 by Joes
Replied by Joes on topic Re:Best World
The company is too hesitant in its share buyback. Bought just a bit here & there. With its cash hoard of $33 million, it can afford to be more aggressive and send out a strong signal of support for the stock. It has failed to do so. Could it be because the earnings recovery ain't in sight?

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13 years 4 months ago - 13 years 4 months ago #6459 by Mel
Replied by Mel on topic Re:Best World
Cash $33 million = 85% of market capitalisation of $39 million of Best World. Which makes it a value stock to some fundamental investors.

The stock saw some firm buying today. 510,000 traded.
Closed at 19 cents. This is on my radar screen --- looking at its performance pre-2008 crisis years, it was a market darling.

Can it regain its magic? i am not sure if that can happen soon. 1Q was a small loss, which was a shock as this business has never lost money in any FY. Waiting to see how 2Q goes.
Last edit: 13 years 4 months ago by Mel.

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13 years 3 months ago #6510 by Bestworld
Replied by Bestworld on topic Re:Best World
$33 millions cash....but only buy back few lots here and there....this is a clear indication that the business is still NOT well.

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13 years 3 months ago #6727 by Mel
Replied by Mel on topic Re:Best World
Big queue now to buy, over 400 lots at19 cents, gap up, yesterday done at18.8. Results coming, if interim dividend maintained at 1.2 cts, stock will fly. Div yield would be 6.3%

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13 years 3 months ago - 13 years 3 months ago #6728 by Bestworld
Replied by Bestworld on topic Re:Re:Best World
Yield should be way above 6.3% if 1.2c is declared since this is only HY....but I think more important is that will the company be able to return into BLACK and growth!!
Last edit: 13 years 3 months ago by Bestworld.

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13 years 1 week ago #7352 by Mel
Replied by Mel on topic Re:Best World
There is some pick-up in buying of Best World today. It's been a lousy stock..... the 3Q result could give it a sparkle. Balance sheet -- make sure to check the cash balance. If it's still ard S$33 million cash then it's even more than the market cap of $31 m. Perhaps that's why got buying interest today in a depressed market. Would like to hear the views of 'Bestworld' and other experts.

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