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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: Craig Brenner who wrote (3229)3/3/1998 6:58:00 PM
From: Sigmund  Read Replies (2) | Respond to of 7111
 
Can anyone provide me with information on RADAF calls? The symbol, expiration date, strike price and where they are traded?



To: Craig Brenner who wrote (3229)3/3/1998 7:42:00 PM
From: Jonathan Bird  Read Replies (1) | Respond to of 7111
 
Craig,
The tax rate issue was covered in the conference call in good detail. If I recall correctly they didn't expect to ever pay more then 10% even after the tax holiday expires(it expires 5 years after they first became profitable).

Jon Bird



To: Craig Brenner who wrote (3229)3/3/1998 8:19:00 PM
From: j rector  Read Replies (1) | Respond to of 7111
 
I did a calculation including a linear increase from
an effective tax rate of 2% to 10% five years hence (according
to David, the highest it would ever go) and then jumping to
30% in out (5 more) years. Then I compared the
DCF to keeping it at 10%in out years If I recall, the impact was less than
10% on DCF.

So even if the tax rate does jump 5 years hence, its impact on
DCF is not extremely significant.