Eratat Lifestyle

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13 years 9 months ago #5014 by Bestworld
I'm sure it WILL!!

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13 years 9 months ago #5025 by ismartwealth
CHINA SPORTSWEAR SECTOR Li Ning, which has built the biggest home-grown sports brand sales network in China, has dropped more than 40% since Jun ’10 when it launched a new logo and a new slogan make the change. The decline in Li Ning’s fortunes has been blamed on the fact that, of its 7748 outlets, only 474 were managed directly, while 60% of the remainder were run by about 2000 inexperienced retailers, who were reported to be reluctant to cut prices to move old stock, thereby leaving little room for new and higher priced products. We believe the fate of smaller Singapore listed players like China Hongxing (16.5 cents, down 1/2 on Friday) China Sports (12.5 cents, unch), and Eratat (25 cents, unch) is any better. There has been no sign that their languishing is coming to an end: China Hongxing has been stuck in the 11.5-25-cent range for the last 27 months, a fraction of its $1.42 peak in Oct 2007. Source : :Lim & Tan

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13 years 9 months ago #5047 by Joes
Replied by Joes on topic Re:CHINA ERATAT
Trading halt! What is going to happen?

Halt is quite close to 4Q result announcement, must be something urgent, can't wait.

Hope it is a good piece of news. Otherwise, the bleeding of S-chips will get worse. 
If it's good news then, Eratat shlould fly, right? 

PE now even lower at 3X, got profit growth in 4Q - then got good news that is the reason behind trading halt..... Rocket up, baby!



 

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13 years 9 months ago #5048 by ethan999
Replied by ethan999 on topic Re:CHINA ERATAT
Maybe news of dual listing in China (there has been a lot of talk about that in the Chinese forums over the last few month) (or delist in SG and list in China??) or maybe news of new product line.
 
yeah let's hope it's good news. 

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13 years 9 months ago #5067 by yeng
Replied by yeng on topic Re:CHINA ERATAT
1) Got people want to buy big-time into Eratat.
2) Big Boy thinks it got it cheap.

What will the market reaction be this morning?

News announced that CMIA Capital Partners Pte. Ltd. will get 50,000,000 new
ordinary shares of Eratat Lifestyle by way of a private placement at an issue
price of S$0.2135 per share.

Upon completion of the transaction, CMIA will hold 10.5% of the enlarged issued share capital. Consequently, CMIA will become a substantial shareholder of the Company. In addition, CMIA has been granted options to subscribe for an additional 15,000,000 new ordinary shares of Eratat Lifestyle at an exercise price of S$0.30 on or before 18 January 2013.

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13 years 9 months ago #5068 by Joes
Replied by Joes on topic Re:CHINA ERATAT
CMIA is buying in cheaply indeed. Eratat on the other hand seems to be willing to sell at this price in order to have more working $ to expand its business. Currently, their working cap is not very much as they need to pay suppliers … then collect from their distributors.

The ‘good’ distributors are getting long periods of time to pay up cos they are the ones who are setting up their own retail outlets, instead of selling the apparel + shoes to third parties.

I just wonder if the interest on bank loans is high in PRC.
Will it definitely cost more than the cost of equity?

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