Best World once captured the hearts of many value investors, mainly because of its high gross margins, its highly scalable business and low capex.
Gay Chee Cheong, and Jason Wee were major shareholders, as this article reports:
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/36-2009/1061-best-world-jel-interesting-shareholders]
nextinsight.net/index.php/story-archive-...resting-shareholders
[/url] BEST WORLD, JEL: Interesting shareholders
There is a chart that shows Best World was trading at about $1 in late 2007 before the global financial crisis broke out. It's such a pretty level. Since then, it has lost its way. For some reason or other, the management (Doreen, Dora & Huang) has not been delivering results ever since. Things took a turn for the worse in 2011, and the stock has sunk to levels that are shocking.
Only in recent days, playing catch up in the great penny stock rally, has Best World moved up a few cents. The next set of results are due soon. I don’t think it will be a turnaround story.