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Personally, I consider the resent stock performance as an over reaction. It was already known from the last 10Q not 15b that the company were in negotiations with ECAB regarding the 33m debt. A possible settlement would include some Trw shares and some Siaf shares. The Trw shares would not be a part of the shares that Siaf will distribute the common shareholders after the form F1.
I consider ECABs move as they like to step up and increase the negotiating phase to reach a settlement.
I’m very disappointed regarding the failure on delivering the cash distribution and the stock dividend on time. However, as a long term investor, you can’t act irrational.
Those reports are still available online. It would be interesting if you could proof just one of your claims instead of just changing topic all the time.
Seems unlikely since he kept his position while being ill.
Very sad news. Not necessarily bad news for the company.
Send him a bill for the remaining 3 cents per share?
So it would be more appreciated not the disclose the Angolan deal? Btw, we have been given information during the last 14 months that the company has been looking for abroad deals for CA so this is not something they figured out after their failure with the Trw-distribution.
The company is trying to get the share price up by paying cash dividends. Ex-date of the first dividend should be released any day now.
9 months too late based on the info from last year September meeting in Stockholm. Anyway, great progress.
Ok he didn't sign. But Nisse signed the prior report, yet he was the chairman of the audit committee?
Nisse left the board on November 8. The company released it on November 9. Dan signed the 10Q as a board member. What else do you have?
He signed as a board member on page 34?
Everything is NOT golden. But as you stated we have lost almost everything here which is the reason why the dividend yield is outstanding. With the cash dividends and end of dilution it's impossible to trade around here for a longer period.
What we have seen here for the last 1,5 year is pure panic. Decreasing profits and accelerating dilution. Investors have feared to be completely whipped out.
Now; If they don't dilute us heavily anymore and deliver on the dividends (as both you and I know is possible since they have the cash flows), then we have a base that should take us to 1$ within perhaps 4-6 months.
The things that you are talking about are of importance and necessary if we want a pps much higher than 1$. But for now, at least I don't feel the panic anymore and will collect my dividends. During the meantime they will hit a few triggers.
It depends on your expectations I guess. Of course I'm not satisfied with the Trw distribution mess and lack of progress on the triggers.
However, I'm satisfied that their initiatives with cost savings are working. The smaller business could easily deliver 10 cents in dividends per annum. That should take us to 1$. Then we still have all the triggers where they haven't been successful on any so far.
This could be fun. After they payed out the first distribution investors will believe in the coming distributions. That alone could take us to 1$ with a 10% yield. What will happen to the pps if they release a new record date for the Tri-way distribution after we already got 1$???
Buy today and get 15 cents in cash dividends within 14 months over 3 payment dates. Seems like they're finally making the right prioritises. No more unnecessary capex. Use the cash flow for debt payments, dividends and Aqua.
Strong volume, 275k shares traded so far
This report confirms what they told us during the second quarter conference call. Finally they are on track! The cash dividends could drive us above 1$. And when we least expect it, we'll get updates regarding the Trw distribution.
Wow! The company confirmed that they will issue a cash dividend before year end! Finally!!!
Not much of a pr lol
It was my understanding as well
Nisse left because he wasn't involved in a large extent and got emails and calls from guys like me everyday. He was fed up with the recent delay of the Trw distribution and didn't wanna handle the terror from shareholders anymore.
Remember that he was bullish just a month ago when he increased his position.
Yes, Redbull is completely dishonest. Based on his previously posts ;he has been very optimistic about the coming end of dilution mid Q4. No way he could believe that the company would be rich in cash as at Sep30.
Yes, that was my point. If you buy new shares today at Oslo you don't get the dividend.
If I understand it correct, it's also too late to buy new shares on OTC today in order the receive the dividend? Otherwise it's a great buying opportunity at OTC.
So do I. However, according to post 148122 from ValueInvestor01, then the ex-date is today AFTER to market is closed. If that is the case (which I doubt), then you have lost the dividend from the shares you just sold. Scary.
Well someone will receive the dividend. It's probably the guy who sold the shares to me today but if not, then I will receive it it since someone has.
For the record I bought some top-up shares today, my long position was already a full one.
It's pretty relevant to understand if I buy new shares now, will I revive the stock dividend or not? I assume not, yet I picked up shares at 2.50 NOK today because I will get 50.4% of the amount back within 24 months in cash dividends. I will also own the technology of CA and a minimum 18.3 % of Trw through Siaf. Dilution has or will soon be over.
I just bought some shares on Oslo. We will receive 15 cents in cash dividends within 14 months. This equals 1,26 NOK. If you buy Siaf shares on Oslo for 2.5 NOK today you will get back 1.26 NOK which equals 50.4% of 2.5 NOK.
Also, you will own the technology of CA, and a minimum of 18.3% of Trw through Siafs remaining ownership of Trw. Dilution will/has ended. Great buy!
RD: From the Oct 15 memo they said the following: "Thus, a common shareholder possessing 100 shares of SIAF on October 31, 2018 would be eligible to receive 39 shares of TRW."
Isn't this very clear? The ex-date is the same as the record date according to the memo? I have red your comments about Nov 15 etc and they make sense. However, shouldn't we assume that Danny cross checked the memo with layers before releasing it?
Absolutely crazy! I have sent several emails to Peter about this without any replies. I've also ask him for a clarification regarding how much Siaf will own of Trw after the stock distribution from Trw to the shareholders of Siaf. It's in their DNA to create uncertainty among investors.
Interesting video from local news in the last link. Seems to be full activity in the abattoir. SJAP will receive 25% of those profits without additional capex. Good progress.
Personally I'm only invested here because of Trw, CA and dividends.
RD was pointing at a scenario where everything goes our way for the next 7-8 years. In that case 100 dollar is not impossible. In reality, that scenario is highly unlikely.
However, the stock is way too cheap here. If dilution ends mid Q4 or sooner, they continue with both the stock and cash dividends, we should gain several hundred percent from here. Then we have several potential triggers, each could drive us higher.
I also noticed that. A common way to try to get over shares from weak hands.
Thank you! In line with my expectations. Just wanted it confirmed by someone intelligent :)
I picked up a few today at Oslo.
I'm wondering what Trw is worth nowadays? D&B said in in the PR from July 10 FY17 that Trw net worth was 11.6% (USD 45m) higher than the reported value in the10K FY16. Trw has made significant profits since then.
Will you add your fresh long shares in an insurance or an ordinary account? I'm a bit worried about the potential tax implications associated with the stock dividend for the shares that are held in an insurance (KF). I'll probably buy new shares to an ordinary account.
Depends on if you include one or two rounds of Trw distribution and include or exclude the profits that has been generated by Triway since late FY16. Lol
Red will soon be back telling everyone that he increased his position at 37 cents. Lol, the trader who always buys at the bottom and informs us that he sold some near the top levels whenever the stock has gone down a day or two ;)
Because we're about to hit several triggers that we have been waiting on for years to materialise.
1. The Triway distribution. Solomon won't be in a position to dilute the value from this. Even though they have been struggling with Af4, the other farms are doing very well and will continue to grow.
2. The semi annual cash dividend. I think the dividend policy will create a bottom share price of $1. Just collect your cash divis.
Long/med/short term we could look forward to CA deals, Hong Kong listing for Trw and asset sales/ spin-offs, returen of the collateral shares and becoming cash flow positive. For me it's all about the dividends short term.
1. Please stop posting all this nonsense. Why do you share some potential insider information on a public forum when you don't even understand the information that you received while being drunk?
2. We are all aware of the A-shares. If you have all the voting power it's of importance to be truthful to your common shareholders all the time. Solomon has failed on this.
3. I'm more bullish than ever regarding Siaf but please stop defending Solomon from past mistakes that has cost us a lot of money.