Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 3:02 pmichew wrote:btw as i am a christian,i also believe my God will show me
BUT this is really a personal belief...
applause !!!
applause !!!
InvestIdeas
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Eagle Brand Holdings Limited
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Posted: Fri Jan 08, 2010 3:02 pmapplause !!!
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 9:26 pmi am quite confused with their Brand. [TOL: Eagle Brand Medicated Oil?]
Then, i googled and realised that they are in laminated flooring business ... ...
Then, i googled and realised that they are in laminated flooring business ... ...
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 9:34 pmNo need to worry if you are using TA to trade. Just treat them as Citicorp
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 11:12 pmnope, it is too late.
the masses (people) have flipped 4X from a trough of 2c.
the masses (people) have flipped 4X from a trough of 2c.
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 11:40 pmSan San wrote:i am quite confused with their Brand. [TOL: Eagle Brand Medicated Oil?]
Then, i googled and realised that they are in laminated flooring business ... ...
Nah...they are into selling Rattan Furniture, mainly for the 5-star hotels in China.
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 08, 2010 11:43 pmand here's their website in English.
oopss....forgot the link
http://www.eaglebrandholdings.com/english/first.asp
oopss....forgot the link
http://www.eaglebrandholdings.com/english/first.asp
Re: Eagle Brand Holdings Limited
Posted: Sat Jan 09, 2010 12:51 pmbluechipstamp wrote:China has a 5 year losses carry forward tax rule, if i'm not wrong. If the resulting cash shell purchases a profitable business, it could tap on the "retained losses" to reduce tax significantly. The value obtained would then be more than the remaining cash.
The shell company is not a Chinese company. The retained losses should be carried along with the sold subsidiaries.
Re: Eagle Brand Holdings Limited
Posted: Sat Jan 09, 2010 4:20 pmThx cif.
In note 33 in the latest AR, the retained losses are shown at the holding company level. The B/S in the same AR also shows the "reserves" (which incl the retained losses) being almost fully contributed by the holding company, so I'm not so sure about it being carried with the sold subsidiaries. I'm not an accountant though, so I may be wrong.
In note 33 in the latest AR, the retained losses are shown at the holding company level. The B/S in the same AR also shows the "reserves" (which incl the retained losses) being almost fully contributed by the holding company, so I'm not so sure about it being carried with the sold subsidiaries. I'm not an accountant though, so I may be wrong.
Re: Eagle Brand Holdings Limited
Posted: Sat Jan 09, 2010 5:34 pmI don't know either. Maybe someone in this forum will know.
My guess is that those tax losses are "transferable" and presented in holding company level. After deconsolidation, it might split up to go back to the sub. Or maybe the buyer can elect to retain these losses at Eagle (because they will have no chance to finish using them??)...then again, to use these credits, the new business must also be in the PRC. Wow, that's my long list of assumptions.
My guess is that those tax losses are "transferable" and presented in holding company level. After deconsolidation, it might split up to go back to the sub. Or maybe the buyer can elect to retain these losses at Eagle (because they will have no chance to finish using them??)...then again, to use these credits, the new business must also be in the PRC. Wow, that's my long list of assumptions.
Re: Eagle Brand Holdings Limited
Posted: Fri Jan 15, 2010 11:55 pmAdding some notes. In the announcement today, company said it will return a big part of the cash to shareholders.