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Pinksheets : RHDGF Christian Gabis. Retail Holdings N.V. Cash $19.5m Singer Asia 56.2% Total: $177.65m Singer Bangladesh 75.0% $186.1m Singer India 85.9%

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Presentation on theme: "Pinksheets : RHDGF Christian Gabis. Retail Holdings N.V. Cash $19.5m Singer Asia 56.2% Total: $177.65m Singer Bangladesh 75.0% $186.1m Singer India 85.9%"— Presentation transcript:

1 Pinksheets : RHDGF Christian Gabis

2 Retail Holdings N.V. Cash $19.5m Singer Asia 56.2% Total: $177.65m Singer Bangladesh 75.0% $186.1m Singer India 85.9% $7.5m Singer Pakistan 70.3% $5.02m Singer (Sri Lanka) 87.5% $102.3m Singer Thailand 48.5% $15.2m KSIN Notes $25.2 m **Dollar Values account for % ownership**

3  At the holding company level they have $19.5 m  More cash at the sub. companies being paid as dividends

4 Subsidiary Market Caps.  Bangladesh: 17,580.659m BDT = $248.2m ($1=70.82 BDT)  India : 39 Cr.Rs. = $8.7 m ($1= 44.5 Rs.)  Pakistan : 614.7m PKR = $7.15m ($1= 85.8 PKR)  Sri Lanka:13.1B LKR = $117m ($1=111 LKR)  Thailand:939.6m THB = $31.4m ($1=29.8 THB)

5  As of December 31, 2009 the KSIN Notes were in default and consequently interest was payable at the rate of 12%. In May 2010 KSIN cured the outstanding default and the interest rate of the Notes reverted to 10%. At the same time, in consideration for an increase in the interest rate on the KSIN Notes from 10% to 11%, effective October 2010, and from 11.0% to 12.0%, effective October 2011, with a minimum interest payment in cash of at least 7% of the outstanding principal, ReHo agreed to an extension of the maturity of the KSIN Notes to February 2014 from September 2010 and September 2011.

6  Adding up all the different parts gives us a value of $222.35m  Singer Asia alone is worth $177m  Add in the cash and notes $44m  Shares outstanding =5.2m  Current Value/Shr. =$42.75  Without Notes : $37.38

7  Liquidity  Holding Period  Taxes  Insider Holdings (CEO ~20%)  Notes…..when and if  Exchange Rates  Continued Buybacks  USE LIMIT ORDERS  Pays dividends once a year  Hold in a Roth IRA

8  IKNX  ARDNA  ARKR  ATRI  CODI  BWINB  CORE


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