Eratat Lifestyle

Can Eratat rebound back to 20c level?

See above, screen capture of my purchase at 11.1 cents of 100K shares.
I feel lucky that there is a S-chip small-cap rally. But I wonder what the 4Q results will bring. Life has a lot of uncertainty, man!

Good volume while price continue to move up slowly. Guess BBs are still collecting......

During the current quarter under review, the Group gave the distributors sales incentive award of RMB51.7 million as a reward for their sterling sales performance during FY2011. Had the sales incentive award not been incurred, the net profit after tax would have been a record of RMB197.9 million, representing an increase of about 51%.


??? What is this sales incentive award???

Sounds like some new-fangled way of subsidising their distributors? Or is this ' renovation subsidy ' by a different name?

overall, i think the Q4 result is still consistent and within expectation. The receivables have dropped and the cash balances have grown. i hv to admit the $50 mil renovation subsidy seems a bit excess though...

Sale incentive ......sound to me like a nice way to put it for receivable writeoff.....