Sino Agro Food Inc (fka SIAF)

[challe08]

After the spin-off, if they give away 50%, we will be dead meat, sitting ducks etc. again. Best to alert management.

I agree with this, in portions pls!!

IF the pre-ipo is successful and with DBS in the driver's-seat, DBS will have rather deep knowledge about the market for TRW shares and Siaf should be able to use their shares as collateral for a loan at DBS! 30% for 150M => 18% for 90M!! Since market value should be at least that after the pre ipo but before the actual ipo, DBS should be very comfortable lending out, say, 50M to Siaf!
Siaf should use this money and start paying a QUARTERLY DIVIDEND, starting asap, for say 10c/share. At the same time they should start a buyback program for 10M! Remember that Siaf now has close to zero in capex for 2017 and if I remember correctly you said that they would make roughly 50M from operations this year! Cash-flow situation should decide if they should go above 10c/Q, but 10c should be minimum, double it a stretch.

With a dividend of 40-80 cents every year this would of course give us a floor for how deep the pps for Siaf could fall, also it would make shorters life much more complex maybe this could even make them to leave Siaf alone for a while!!
This is really NOT rocket science if you are a bit proactive and for the first time would be interested to show US that the shareholder friendly talk isn't just BS as many other things this POS company have said earlier to us!!

Hell, they might even be able to pay off ECAB in full for half the apr and no dilution with DBS,talking about win-win!!