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Reply by SGX on Best World and my View on the Company Value
By Investmoolah  •  November 14, 2021
As a neutral and unvested individual, I had written to SGX Regco on the unfairness faced by Best World Shareholders. SGX Regco has replied and updated Best World is evaluating a off market share buyback scheme or complete takeover of minority stake to delist. This is good news. What is a Fair Price? Looking at its comparable, these are the P/E Range To me, Best World should be buying out at a 10 to 15 times P/E range. Assuming an eventual full year EPS of 23 cents, its fair for the majority owners to offer $2.30 to $3.45 per share. Anything less is a signal that they are making use of SGX regulations to make an inequitable offer and is something SGX has to voice out because it is their actions which partly led minority shareholders to be in this predicament. My Views At $2.30, this means the company's market cap...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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