Best World

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.

Up about 30% from recent low....more upside?

Zzzzzzzzzzzzzz......

The stock has woken up.  This a stock for value investors who can Zzzzzzzzzzzzzzzzz on this.

Cash S$30 m. No bank borrowing.
Market cap now S$40 m. Stock now 19.6 cents.

Results next Monday -- scrutinise its cash balance. Will it cut its final dividend? Is 4Q profit a turnaround from those past lousy quarters?

For some reasons, there is still strong buying interest even when the market is correcting.....

Zero final dividend! Best World has achieved a milestone in its listing history.
Never before has it failed to pay a final dividend.

One positive is the $1.565 m net profit in 4Q. If only they can repeat this every quarter = $6.3 million net profit for the full year.

Moved up quietly from 13.5 cents to 19.5 cents. Noticed very strong buying at 18 cents before last few weeks. Something brewing?