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All I can say is the share price shows no relationship to the numbers posted in the Q3 results.
Back to back to back quarters of 100% gains.
Quarterly profits at 45% of market cap.
Revenues equal to market cap.
Pays a dividend.
Price per share: $.60.
Unheard of in the investing universe.
Tax advantages would come into play when comparing to other international food companies.
Keep these issues in mind:
1. SIAF has tax advantages that other companies can't duplicate. The state realizes that food production has to be encouraged so applies much lower tax rates. Don't underestimate the importance of that recent PR about the government officials touring the projects.
2. There are several fund groups that will HAVE to include SIAF in their portfolio in the near future. They include the China only funds and the international growth funds. The only barrier that has to be met will be the minimum share price (usually $4). These funds will buy shares in million share blocks when they make their move.
3. There have been several straight quarters of over 100% growth, but the future looks to include several more at or above that rate.
According to Fox Business News, the server farm for the NYSE is in Chicago, with backup storage systems at an undisclosed location in New Jersey.
The main problem with the majority of companies in China is with "off the books" transactions. These would be in the area of barters, joint ventures, and informal deals (which are all part of the culture). State owned companies are the worst offenders.
CDEL is Citadel Asset Mgt. Manages over $11 billion in hedge funds.
That is the way they operate. Why pay retail prices when you can do a private placement, get a discounted price, as well as warrants or other sweeteners.
Those two funds that were mentioned in passing as being interested might only be interested in a private placement. That would satisfy the need for any additional capital for expansion, but would have other ramifications.
I have to believe that the algo trading takes place without any regard to the generally accepted rules for shorting and ownership, since they initiate and unwind positions in milliseconds. In other words, the algos "invent" shares to sell without regard to trying to borrow from a current holder. The only requirement they have to follow is that everything gets covered by the end of the day. Therefore, we know there isn't any float available for trading but the algos could care less. All that volume was pure fiction, and the only time the price moved outside of "normal ranges" was when they had to cover open positions. The dumpage was all invented shares.
JF is not alone.
Rochdale Investment Mgt LLC has filed their updated holdings list for Q2. They added 112,000 shares to what they already held during Q2 making a total of 268,916 shares owned.
More risks.
Earthquake, flood, no rain, political upheaval (change of policy), social upheaval (food riots).
TEJS is the symbol for Tejas Security Group, a subsidiary of an Austin Texas based company called Westech Capital Corp.
www.tejs.com
It is situations such as this that result in outrageously high price earnings multiples. Due to the shortage of float, institutions would be required to pay retail (at market) prices on any buys they make. That is what drives the price higher.
Thanks, that what I wanted.
Help please.
A few days ago someone posted the web address for the Jordan fund. Could you post that again, I can't find it anymore.
The key to running an automated trading program is to trade in stocks that are extremely liquid (high volume). Right now what we have is computers trading the stock back and forth with each other for fractions of a penny profit. The same shares are being traded many times each day and passing through the hands of all of these MM's.
Buying large blocks of shares is tricky, IMO. I think the best way would be to place a good till cancelled price for the whole block at a fixed price. That way, movement of the price would not effect your purchase on the upside and on the downside, you could cancel the remaining purchase whenever you wanted to. The main goal is to set a price you are comfortable with and that will produce some acquisition. Whatever you do, don't buy at the market price on any small cap. That is just giving the MM's a license to steal.
BMSS is the symbol for BMA Securities which is a California based boutique broketage firm.
Re: Trading
Because this is an extremely liquid stock, I think you would find that the market makers are on both sides of the trading. In other words, they are trading with each other via robot programs. The same shares being traded over and over each day. Their goal being to make a few dollars on each trade, and do it many times each day, since they don't pay commissions, just electricity for the computers.
ETRF is ETrade Capital Markets.
Considering the HU and asparagus plantation. It does fit into the overall plan, IMO. Both are high margin crops. They both use the fertilizer and waste water from the fish farms.
Also, has anyone considered the implications for the local job market? Labor is probably readily available at a low cost. Also, does the plantation gain any advantage from local government in the form of tax breaks or access to additional land by having these crops?
Dilution is a positive, long term.
Without the dilution, there would be no rapid growth.
I invested here for two reasons.
1. IMO, this is the most undervalued stock anywhere.
2. China has an great need for trusted food sources, and that will never be fully satisfied.
Chad
I think some effort should be made to more closely define the primary SIAF business and how the other lines fall into place.
The diversification is somewhat confusing. Is this mainly an agricultural producer? Franchisor? Retail? Hospirality (restaurant)? Importer? A combination of all of the above? Other?
I like the growth prospects from all these businesses, but where is the prime area of growth and how do the others rank?
Seeking Alpha story (May 8, 2012)
http://seekingalpha.com/instablog/2751921-gregory-maguire/594201-siaf-a-tenbagger
A more interesting quiz would be:
How many cattle, fish, or prawn farms will exist in a few years?
The way I interpret the available information is that these are demonstration farms in a franchising plan. The Chinese market for food is huge, there is room for several of each type of farm in every province.
The next franchising project should be Lee's Surf and Turf Restaurant (Happy Tummy, plenty good).
There is a new institutional account that was opened during Q1.
Rochdale Investment Management bought 156916 shares.
http://www.nasdaq.com/symbol/siaf/institutional-holdings