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So the final payment from the Dairy sale was due
at the end of December.....how much was due?
.11 per share but Siaf will beat....not sure how IronMike shares come into play.
Treit?
With margins on seafood production...it would seem like Lee would
have plenty of new orders...and I'm sure he would if SIAF did not get a huge percentage of the new contracts fish yield....Ha
Quid pro quo
Companies with hidden value.
K Mart the fifty cent stock....just an example of hidden real estate value.
Well, Eddie Lampert provides us with the perfect example of the tremendous returns that investors can earn by searching for companies with "hidden" real estate assets.
Several years ago Lampert bought a controlling stake in the the nation's third-largest discount retailer -- Kmart. The price tag? A touch under $1 billion in bankruptcy court.
At first glance, that might sound like a steep price to pay for an aging retailer that had gone belly-up. But in reality, when you consider that Kmart owned significant blocks of real estate at over 1,500 prime locations across the country, the roughly $900 million price tag will almost certainly go down in history as being the most jaw-dropping blue-light special Kmart has ever offered.
By the time Lampert took over the firm, investors had already left Kmart for dead. For years and years, the company had slowly crumbled under the weight of declining same-store sales, high operating costs and sluggish profits. Kmart's shareholders saw their stock values dwindle toward zero, and millions of them were furious with company management. Dustin Hoffman might have summed up their feelings best in the hit movie "Rain Man" with his famous two-word remark -- "Kmart sucks."
With this as a backdrop, how on earth did Eddie Lampert figure out that Kmart was worth much more than everyone else on Wall Street thought? How did he know to take advantage of the world's greatest blue light special while other investors were bailing ship?
Well, because Lampert was well aware of the importance of "hidden" assets, he was able to see beyond the firm's poor operating results. Instead of concentrating on the firm's deteriorating business outlook, Lampert focused his attention squarely on Kmart's real estate holdings. After carefully doing his homework, Lampert figured out that Kmart's real estate was worth much, much more than $1 billion.
The end result? shares of Kmart skyrocketed from $15 in March 2003 to highs of more than $150 by the summer of 2005. That made the stock what legendary investor Peter Lynch likes to call a "ten-bagger" in just two short years, and it vaulted Eddie Lampert onto Forbes' annual list of America's wealthiest people.
On a lesser scale or? Siaf is a 10 bagger when we finally account for our land value on a foreign exchange.
What I was trying to say was
Actually the land value when realized on foreign markets will increase the COMPANY value up to
500 million by the end of 2013 Lee says ...then he will spin off 25 % of the holding company for shareholders...not the land directly.
Lee said the land is worth 150 million or so....todays market
cap is 38 million....this will not be a small deal.
SIAF REIT
Remember K Mart?
K Mart stock at one time was .50 cents a share in the early
1990's. Then analysts said wait a minute ....we have not valued
the land that the stores were built on.....if I remember correctly
the stock soared to $50 per share. I will go back and research....
Lee is basically doing the same thing......realizing land value
As a gift to shareholders....how about that?
I'm just trying to figure out how much each shareholder will reap
Accounting change that will let SIAF realize land value which Lee said he would Ipo in 2013.
Also stated that shareholders will be very happy with this alone in 2013
not including any share price appreciation
He said NTA would be around 500 million in 2013 with the accounting change and the Ipo would be 25%. May 2011 Stockholm shareholder meeting
Treit
Lee said that he would also IPO the value of company land on Asian markets after accounting
rule changes on land valuation take place with relocation....Lee estimated
about 150 million for his land appraisal in 2013 ....what's the trickle down to shareholders ?
This is why I purchased SIAF and why I believe SIAF should already
Command a $2 stock price
Treit
Run the Siaf 25% spinoff of the holding company in 2013....are you thinking $1 per share
to shareholders or more?
Which makes this stock free at the moment
Well in that case lets do a reverse split 1 for 10
Lucky turned the sentiment
I give all the credit to Lucky Loser
For getting to the bottom of the
PorrIdge deal.
Look at the trading
37,000 shares traded moved the bid up. 04 at the open. Market cap moved up
2.8 million dollars on a 21000 cash trade
Treit what is the financial term for this market cap increase/incoming cash flow
I've been ringside FYI
Three cheers for IronRidge, they pulled off a great deal...I will refer to them as IronMike...Tyson...uninvited at our Dinner table for the next four years. Hide the Children. Ha
They scored a first knock-out now Lee needs to retire the shares
soon and everyone jumps for joy.
Thinking .55 close today and a run this week as shorts exit
Treit
Your 2012 estimate of .80 is based on shares outstanding of?
How many shares will Lee retire next year?
Updated corporate presentation to the SEC ...
Just looked at this page last night....it's a nice 8X10 glossy in detail. Says June 2011 but was in the Nov 17 earnings release
package
http://www.sec.gov/Archives/edgar/data/1488419/000114420411055719/v236222_ex99-2.htm
It's one of the better web pages for SIAF
A MUST view for investors
Mid 2012 SIAF will have the largest RAS seafood operation in all
of China with output production of 2,000 tons.
The last transaction was at $2 million /100 tons...$10 per pound
2013-2014 The SIAF Spinoffs
Reminds me of the AT&T breakup with the Baby Bells.
SIAF and it's Baby Bells.
Financial arbitrage
Because of discrepancies between the pricing of the "old" AT&T shares and the new "when-issued" shares, investors were able to make risk-free profits, most spectacularly Edward O. Thorp, who made $2.5 million in what was at the time the NYSE's largest (nominal) block trade.
JordanFonden
SINO AGRO FOOD +11% [2011-12-24 00:14]
Blank material in Siaf begins to ebb away and some loan construction shares seen not to. Thus one can say that the foundation should be able to reign. This means that today's probable p / e ratio at slightly below "1" should soon be relegated to the trash. And an initial P / E around 4-8 could be implemented. Distribution of konvertdelen (1 c / share) and views on the new listing thinking (we hope?) And the new fine fish-shops (latest release) should be sufficient for a "new" pricing of shares.
Once in a lifetime
SINO AGRO FOOD is in the winning position,
ORGANIC – ECOLOGICAL produced food VERY QUICK now take over the focus from the Chinese food consumers. See attached article from the big news paper CHINA DAILY.
This plays SINO AGRO FOOD ( SIAF ) cards to a quick possible medal position as SIAF produces only FIRST CLASS organic/ecological food and the company is in great shape in increasing its business with more products and soon more joint-ventures including new restaurants and food quality shops (GREEN & NATURAL brand).
The BIG deal makes the JOINT VENTURE PARTNER (more are welcome) with his stake and investment. The company makes its big deal through MANY Joint Ventures and all its service contracts with the JV:s – in addition to the profit from the companies deal in all the JV:s.
This attached article IS BIG NEWS and should underpin the increasing value of the SIAF shares. Today´s price seems to be a bargain – once in a life time? SIAFS for the moment no 1 sectors: BEEF-cattle, fish, eel, prawns, dragon fruit flowers(salad) , asparagus, organic fertilizer, first class livestock feed.
Close to start: own restaurants(steak houses) close to the cattle farms, cooperation with first class restaurant(using SIAF-products) about 100 units, own JV-shops selling only SIAF products under the brand name GREEN AND NATURAL.
We have tasted the SIAF food-products on site and we found them on the extreme top-class.
The investor being little more tough than the average one MAY, AT THIS POINT IN TIME, have a chance to do good business, as the stock by different reasons has been depressed.
Last stock price: 46 US-cents, last line prognosis for 2011 USD 0.47.
Prognosis for 2012 = USD 1.00.
Best regards
The JordanFund/NS
I would disagree after watching a $27,000 trade early Friday move the bid up .02 cents and market cap up 1.4 million.
Yes, a $27,000 buy trade moved the market cap up 1.4 million dollars
Did you notice
The first large trade this morning was 64,000 shares or so
at .44 cents. About $24k. Well the market cap moved up
$1.4 million dollars......02 cents. Increase on the bid
This baby is explosive
Not sure how the financial Gods measure this type of gain
Up 700% to $2.80 Thinking Lee will raise the dividend in November 2012 up to "Just can't pass this one up" and that will move the stock. Once Greed finds earnings and a dividend there will be a feeding frenzy.
Here we go....Buy
Conference calls have come a long way in the last two years
here at SIAF. In the beginning not so good... now much more professional. Now I'm waiting for wealth hungry analysts to be on hold in the Question and answer Que..... then we can hoist the main sail. Next harvest perhaps.
Wall Street loves accelerating revenue growth.
We will enntice with earnings .....next year 2012 $1 per share and $2 in 2013
Greed will kick in. China is hungry.....US investors are hungry
Treit
News of the supply contract.......
Saif stated that $2 million was collected on a 100 tons of fish in Sept.
Now Siaf estimates $2.7 million per 100 tons of fish 2012 and 2013.......Prawns?
Amazing.....Damn ....and he is worried about construction costs?
The Ultimate Holding Company spreads its wings.
They sold 100 tons for $2 million ?
So I guess they used Lebed to pump the volume of share trade in relation to the Ironridge
deal?
Treit
Can you follow up on LeBed....Did Siaf actually deal with him?
Thank you very much Lucky.....as a follow up were you able to verify the plan or mind-set to make this non dilutive.
I have been in agressive buy mode below .40
Treit
The art of cancelling shares ....how does that work?
Lee cancelled 2 million last year like he said he would ...but the mechanics of this type of transaction are?
Is Lee planning to cancel the IronRidge addition going forward?
2.22 TREASURY STOCK
Treasury stock consists of a Company’s own stock which has been issued, are subsequently reacquired by the Company. Treasury stock does not reduce the number of shares issued but does reduce the number of shares oustanding.. These shares are not eligible to receive cash dividends. Accounting for excesses and deficiencies on treasury stock transactions is governed by ASC 505-30-30.
State laws and federal agencies closely regulate transactions involving a company’s own capital stock, so the purchase of treasury shares must have a legitimate purpose. Some of the most common reasons for purchasing treasury shares are as follows:
(i)
to meet additional stock needs for various reasons, including newly implemented stock option plans, stock for convertible bonds or convertible preferred stock, or a stock dividend.
(ii)
to eliminate the ownerships interests of a stockholder.
(iii)
to increase the market price of the stock that returns capital to shareholders.
(iv)
to potentially increase earnings per share of the stock by decreasing the shares outstanding on the same earnings.
(v)
to make more shares available for a merger.
The cost method of accounting for treasury stock shares has been adopted by the Company. The purchase of treasury stock is treated as a temporary reduction in shareholders’ equity in view of the expectation to reissue the shares instead of retiring them. When the Company reissues the treasury shares, the temporary account is eliminated. The cost of treasury stock shares reacquired is charged to a contra account, in this case a contra equity account that reduces the stockholder equity balance.
Thanks Treit
I'm still buying every week and bringing new investors in.
$4000 will get them 10,000 shares and over 48 months .44 cents in Dividends. Slightly better than a Money Market fund.
We are in the mindset now to play the dividend while Lee drives the ship to a new port.
Wish someone would create a web site
that tracks all the financial and internal changes taking place daily....sure would be much easier to follow.