Sino Agro Food Inc (fka SIAF)

[RealDutch]

The longers in here, do you belive that the pps is more, equal or less undervalued than before the ECAB deal?

We are 2x more expensive based on (expected) Price/Earnings and 3x cheaper based on Price/Book.

Earnings are usually all over the place while book value is a steady number. We are trading at 5% of book (based on 25M shares) compared to 15% of book in 2014. This is the best number to use when figuring out how cheap the stock is (in the China space) and whether a floor has been reached. So I think we are cheaper now. A stock trading at 5% of book can triple at any time, like when they announce a cash dividend or a CA deal. Not the loan though.

I thought the CC was bad news. But I'm glad about the better prospects for the big loan. And any time they mention the bad news, like with FF2, I think that level of transparency works to our advantage.

The bad stuff was the F-1 delay. AGM delay. SEC review.
Nothing about a CA deal but that doesn't mean a thing. Let's call that one a neutral and hope for the best. It'll be a bonus anyway if something happens in VIIA.

Overall I think the market reacted appropriately. We are dead in the water on Merkur until something "tangible" happens. And some asshole CANT is dumping shares on OTC so what else is new.