newbiestock wrote: It was a good briefing from CFO.
The company is preparing for next major expansion. The CFO also explain their new direct sales model (or they called it relationship sales), why they want to open their flagship stores in shanghai, as well as the reasons for the non-convertible bonds + warrants (but not convertible bonds/rights/placement/loans etc).
They have just received the bond issue money in July...
The company's long term goal is to achieve a product mix of 80%-90% sales making up of apparel and about 10%-20% footwear. We should see a gradual drop in Footwear sales and a gradual increase in apparel sales over time. so i think from the apparel trade deposit, one can roughly estimate the 2H revenue.
let's be patient for a while n see if the company has any official announcement. in addition, i think nextinsight will also have a summary write up from this briefing soon.
g6everyday wrote: Thank you Newbiestock. Any exciting news?
bestworld, read the bond issue announcement how they plan to utilise the bond issue proceeds and the network value that SHK can bring to Eratat. The statements there could be a hint to guess Eratat's next step.
What is their plan for the 500m they holding? That is the bigger picture than focusing on the 100m from the bond. What have SHK contributed so far other then getting ready to collect the huge interest?