In my earlier post on Eratat, I stated my views of the business and the events happening without taking a good look into the balance sheet. I got interested to pour through Eratat's business, etc, because it appears that quite a number of people are interested in it.
In this post, I will share some quick calculations on Eratat.
Also in this post, let's assume that the financial figures presented by them is correct and all cash is indeed there, else all calculations would be wrong anyway, which sorts of defeats the purpose.
Finally, I take all calculations rounded off, and an exchange rate of 1SGD to 5RMB for simplicity of calculations. Some of my calculations will be in SGD and charts are in RMB.