Replies to post #1085 on Subaye, Inc (SBAY)

[GorillaGorilla]

I think that's reasonable... I was looking at the numbers and thinking... they've given an estimate for 2010 and 2011 - how about 2009 because it didn't make sense given the growth :-)

If you look at "NOTE 11 - TAXES" in the filing they say that they have a tax holiday that ends this financial year... they then go about throwing lots of tax % left right and center... so I'm not sure what they are going to pay! Could be 25% could be 50% of 25% - if you think 15% who am I to say - similar problems working out what's happening at YONG.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6757646-856-172358&type=sect&TabIndex=2&companyid=86961&ppu=%252fdefault.aspx%253fcik%253d1139570

Anyway, good spot... I will play around with the numbers later on. I'm sure that's the major change between 2009 and 2010 net incomes.

rich

[GorillaGorilla]

I'll have another go. What I lose in talent I make up in application. :-) So, your using a share count of 4 million ish? You'd expect that EPS should be closer to EBITA Per Share?

The ratio between 2010 & 2011 seems similar?

So
2010
Rev 71 Million
Net Income 16 Million
EPS 4.16
EBIDTA 31 million
EBITA Per share 7.8
EBITA / EPS = 1.9

2011
Rev 103 Million
Net Income 28 Million
EPS 6.15
EBIDTA 51 Million
EBITA Per share 12.7
EBITA / EPS = 2.1

rich