Eratat Lifestyle

I think you need to go there to fire the management on why they didn't do any share buyback to gain back investors' confidence....

newbiestock wrote: Briefing Details:



Event : Eratat Q3FY13 Results Briefing



Date : 18th November , 2013 (Monday)

Time : 12:30pm - 1.30pm

Venue : M Hotel, Anson IV, Level 2

81 Anson Road, Singapore 079908



Kindly RSVP via this email latest by 14th November (Thursday), 5.00pm.



Thank you for your kind attention and we look forward to your presence.

Do go...

BotakBrian wrote: I think you need to go there to fire the management on why they didn't do any share buyback to gain back investors' confidence....

Simple answer definitely.



You don't understand our business. We are a high growth company. Need the cash to grow, else will lose out to competitors.

Got lots of cash, but cannot increase dividends, cannot do share buyback with that cash because of the need to grow. You want us to lose to competitors?

Have to give renovation subsidies and provide sales incentives because of the need to grow. You want us to lose to competitors?

Also can borrow at high interest rates of 32% because of the need to grow. You want us to lose to competitors?


==> This is the answer I expect. Standard template that has been used multiple times. Don't think there will be anything new.

Actually for investor IF 'feel' 'NO confident' simply DONT buy the share !!! Simple as that.

Newbiestock
Where you get the below information as it is not announce in the SGX net ?
Thanks

newbiestock wrote: Briefing Details:



Event : Eratat Q3FY13 Results Briefing



Date : 18th November , 2013 (Monday)

Time : 12:30pm - 1.30pm

Venue : M Hotel, Anson IV, Level 2

81 Anson Road, Singapore 079908



Kindly RSVP via this email latest by 14th November (Thursday), 5.00pm.



Thank you for your kind attention and we look forward to your presence.

Do go...

So weird right?

Newbiestock ask us to go, but the briefing isn't announced in SGX.
Also, his post contains RSVP. Don't have email to RSVP to as well.

All in all very secretive. Not that I want to waste my time going to listen to the standard template replies anyway

Maybe he has bought enough Eratat Shares to become one of top 20 shareholders. That's why he has information about the briefing.

Fundamentalist wrote: So weird right?

Newbiestock ask us to go, but the briefing isn't announced in SGX.
Also, his post contains RSVP. Don't have email to RSVP to as well.

All in all very secretive. Not that I want to waste my time going to listen to the standard template replies anyway