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Unbelievable! Down 2,1% on 1366 shares...
It seems like their play is easier now with the majority of shareholders in Oslo. If it's not real sales, who benefits?
Whar are you saying? Can't you trade siaf in your kapitalförsäkring at Avanza?
$9,3 = 82NOK. Closing price in Oslo was 88,25NOK.
It would definitely be very negative if we start at 82. Many shareholders wants Oslo to be the main list now, but if OTC manage to take the SP down like this it's really bad.
TF. Can you explain how these trades are done if there is no real sellers? How is it possible? Who can do this?
Fascinating to that all of the gain in Oslo today is now gone. The OTC-market is a total P..
Regarding OTCQX
Why is SIAFs Industry declared as Fishing, Hunting and Trapping?
Sounds like an ordinary shop with different wildlife gear.
To "vända" should be OK at Avanza. I've done it before. They usually do it after hours.
I think it's the same for Avanza. The reason why siafs isn't on their list is that siaf was considered "other" paper in their account. Now when on Oslo the shares are "shares".
Info from Avanza!
Hej,
Det kommer under dagen komma upp ett erbjudande ang konvertering av Sino Agro Food. Anmälningstiden kommer vara kort på erbjudandet för att hinna innan noteringen i Norge.
Sen kommer ett till erbjudande med längre anmälningstid.
Med vänliga hälsningar
Jenny
Avanza
We sure could need some good news after the last seven month.
Just to be clear. The text is from Pareto. Nothing else. Little tricky to copy / paste on the phone.
I have looked into Sino Agro Food which I think ticks many boxes of being a successful spin-off trade. Clear up-coming catalyst (spin-off) and very cheap (2x PE)
Sino Agro Food (“SIAF”) is a Chinese food producer, listed in the US (OTC) with a market cap of $180m trading at 2x 15PE. SIAF will spin-out its Aquaculture business to be listed on Oslo Stock Exchange in 1H2016, keep on reading because it will get better!
SIAF has recently decided to break up the group seeking separate listing or sale of asset. The first asset being considered is the aquaculture operations, a highly attractive asset which the company aims to spin-off and list in Oslo where I think the company can get best valuation based on peer valuation.
The company is the only producer in the world growing organic prawns on an industrial scale. The company currently has no competition within the organic and sustainable part of the business and is addressing the biggest fish protein consumer market in the world. SIAF’s aquaculture spin-off has the potential to be the best organic growth story among all seafood producing companies in the world, as well as more profitable, which should come with a premium valuation to sector peers.
The Aquaculture spin-off is expected to be structured to fit Nordic investors I guess. Specifically this means a company with headquarters in Oslo, a chairman and board mainly consisting of members with a known track-record in the Nordics, some with aquaculture experience. This should enable the company to be perceived as a Norwegian company with operations in China reducing the risk premia.
I think that the valuation today is low due to several reasons as the company is a conglomerate consisting of 6 different assets, complex company structure, US OTC listed, chinese corporate governance and has been extensive printing of shares for funding. I think that the spin-off will create value for shareholders due to several reasons. To mention a few; it will be a pure play aquaculture company, it will be listed on an exchange that has more than 15 peers, and they all trade at around 10x (vs the company today at 2x).
Quickly on valuation, in Q3 2015 the Aquaculture part of the business made almost $100m in revenue and $28m in gross profit (12m trailing). This is expected to grow rapidly in 2016. It is easy to see how Aquaculture could be worth more than double the current market cap for whole of SIAF
Let me know if you want more info about the story and I will keep you updated going forward.
I think you should lower your expectations on these so called "meetings".
Maybe in 10 years with a serious listing, new BOD, new chairman, no A-shares.
For now we have a PPS of 8.6 and a P/E of 1.5 and lost 50% of PPS in the last 6 month... Confidence in management is extremly low.
AMEN to that post Carog! I fully agree on everything you say.
Of course the increase in $ made a large part as it has done for all Swedes when it comes to Siaf shares. I'm just glad it became a very good investment. When the bond started there was a lot of negative talk about it.
Just received payment for my investment in the Siaf bond. I made a net profit of 88,5% during the two years. Thanks Siaf, very nice!
More than 10 lawyers working on this rigth now. Norway, Sweden, China, Hong Kong and USA are involved. No application to Oslo before Q3 is reported.
Google map coordinates to the sites.
https://plus.google.com/+SinoagrofoodInc
Can you give them out?
NJM. Do you have coordinates(long/lat) or maps over where the different facilities are located?
I think you only need two letters to answer that question...
What is your definition of "uplist"?
1. Share can be traded
2. Company has been qualified
If you mean 1. I agree.
Technical debt
Agree...
Since I happen to now your're dead wrong here I'm a little curious to hear other answers.
Carog.
Do you have an answer on why FD hasn't activated his chair in the BOD?
I update my estimate for the application date to 11th november, due to the fact that they actually said they were delayed. So we have to wait another three weeks then.
I don't agree with you here, but let's see in 2,5 weeks.
Pure logic. Last date to apply is 21 October to trade on 30 December. The company said in previous CC that they will be listed after summer and before end of year. If they weren't supposed to manage tjis they would inform about a delay, and they haven't.
Who's not answering IR questions? I always mail Peter if I have a question and he always answers promptly. I have never had any problems regarding IR. In less than three weeks we will apply for Oslo. Relax.
And 5 minutes later someone inform the market that the new company is the former Siaf...
I don't think that the fact that FD now is a member of the BOD will change much. He has already been in on all discussions and press releases for the last 12 month. He will learn the same way as Buller Bertil will learn that things takes time...