Sino Agro Food Inc (fka SIAF)

[RealDutch]

How do ppl, especially RD, have the energy to discuss it.

Because it's important. It's a strategic decision and they have to get it right. There's no way back either. Once they announce a dividend, they can't lower it. And after they announce the stock repurchase program, they can't cancel it. Well, they can always do it, but the stock will crash, is my point.

Any of them would be amazing.

That isn't true. If they pay the cash dividends, then it has to be quarterly. You have to convince the crowd that they will get it every quarter. I have seen many cases (and posted about it) where the stock dropped 70% after a one-time dividend. Every trader, every skeptic, anyone who has an alternative, will sell, after receiving the dividend.

Share buyback programs are even more problematic. If they announce a $20M program, then most people won't believe it. The company is not obligated to repurchase stock, you see. They may not even be able to. Scams have used it all the time. That's one.

Secondly, they have to disclose on a quarterly basis how many shares were repurchased. It'll always be a disappointment. It will never be enough. The crowd doesn't understand all the restrictions. And again, they may not even be able to buy back stock. So you could certainly have a situation where earnings are more than excellent, but the stock drops 10% following earnings release. Because people aren't happy with how many shares were repurchased. Who needs this nonsens, right? Certainly not a Chinese company which doesn't get the benefit of the doubt to begin with.

I looked into accelerated stock repurchases recently. ASR's. But I don't think that's the answer either. Perhaps the company has another way that I'm unaware of.