Best World

Mel
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14 years 3 weeks ago #3627 by Mel

Replied by Mel on topic Re:Best World

Posting by dydx, a longtime shareholder of Best World and a discerning private investor, at afralug.com/wsforum/showthread.php?tid=832&page=9 : I suppose with the successful re-registration of more than 10 key products in the important Indonesia market, and with consumer spending recovering in most other Asian markets, Best World\'s regional direct marketing business should have the benefit of a strong tail wind to grow again in FY10 and beyond. The good thing about this business is that when revenue and business volume grow, profit at PBT and NP levels will simply follow suit. I am happy to note from the latest Shareholding Statistics that local accountant Boon Suan Lee and his wife now together hold close to a 5% stake in Best World.

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Bestworld
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14 years 3 weeks ago #3636 by Bestworld

Replied by Bestworld on topic Re:Best World

Did anyone checked the annualreport to see if the management take a pay cut for the poorer performance in FY09?

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Joes
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14 years 3 weeks ago #3637 by Joes

Replied by Joes on topic Re:Best World

POorer performance in 09? Brother, did u read the financial statements? Despite a tough economic environment, Best World made $9.7 m in net profit, just $1 m less than in 2008. In 2009, they increased the cash in the bank from $30 m to $36 million! Just in time for a special dividend this year to celebrate 20th anniversary -I sure hope they will give a special dividend, or there will be massive major disgruntlement among shareholders.

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Bestworld
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14 years 3 weeks ago #3642 by Bestworld

Replied by Bestworld on topic Re:Best World

The performance is really POORER. Revenue drop. Profit drop. So if the management claimed that they reward for performace, then the management payage should be cut according!!

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14 years 1 week ago #3681 by Bestworld

Replied by Bestworld on topic Re:Best World

Q1 result is out!!!! As expected, another POOR quarter!!:laugh:

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Dongdaemun
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14 years 1 week ago #3682 by Dongdaemun

Replied by Dongdaemun on topic Re:Best World

The cash in the bank has grown from $36 m three months ago to $39.6 million, as a result of strong operating cashflow of $3.7 m. As before, the business demonstrated how sex it is with lots of cash inflow and little outflow for capex. This is a business where its cash tap is always turned on full to fill its bank account with money. Lesser businesses have big holes everywhere in their account which leak money. The Indonesian market is on the recovery with the 2 licences granted. And it is a welcome point to note that management is making Indon its key focus for Q2.

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