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What is the point? Vol zero
Best World delivers 4th year of consecutive growth since listing.
Revenue up 32.5% to $102.2m on broad based membership growth
Net profit up 13.9% to $13.5m
Membership base up 48.9% to 148,428
Declares a final tax-exempt dividend of 1.2 cents per share; and special tax-exempt dividend of 0.8 cents per share; total dividend of 3.212 cents for FY2007 Dividend payout for FY2007 represents approximately 45.4% of FY2007 net profit.
Nice headline and summary from the press release. Now let us look at the results report.
FY07 gross profit increased 30% from FY06
FY07 net profit attributable to equity holders: $13.5m
FY07 net profit attributable to minority interests: -$0.891m
FY07 net profit after tax: $12.613m, up only 0.8% from FY06
Net profit margin fell 15.4% to 13.2%
zhuge_liang bro... want to elaborate?
I agree that this counter is really sleepy. No volume in the last couple of days.
Don't just look at the surface. Dig a little deeper and you see very disappointing results for a hidden gem as claimed by FA people.
**** Net profit is up 13.9% to S$13.5m.
(Would have been around 15.5% by my estimate if not for delay in shipment of products already ordered for by distributors.)
special tax-exempt dividend of 0.8 cents per share; total dividend
of 3.212 cents for FY2007
Declares a final tax-exempt dividend of 1.2 cents per share; and
FY2007 net profit.
**** Membership base up 48.9% to 148,428
Long term picture? Haha...I will nerver invest in such company! MLM...no way for long term!
Best World delivers 4th year of consecutive growth since listing. Nice headline. However, FY07 net profit only up a paltry 0.8%. Aren't the results disappointing?
No volume for a few days already. No selling and no buying. ZZZzzz. Take care.
I don't get it... what has bad weather to do with the delay in announcing results?
Don't forget that Best World issued a profit warning.
MLM = multi level meltdowns
... usually company with bad results will try hard to postpone the bad news
BWL announced that there will be a delay in the group's results announcement as a result of the bad weather conditions in China and Indonesia in the last few weeks. Originally, supposed to announce today.
zhuge_liang is a wise sage. hahaha...
Volume is so low. Price can be easily manipulated.
Some joker said that Best World rise although the market fall. Well, this counter fell yesterday although the other stocks rose.
Some joker only look at day to day fluctuation and fail to see the long term big picture!
If not for the last trade of 1 lot @ $0.80, Best World would have closed at $0.735.
Continue falling with larger than normal volumes!
As expected, this counter is falling.
This counter unaffected by the selldown? Just you wait. The carnage is coming!