Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
Treit
End of year 2011 and 2012 cash on hand for SIAF?
Have any idea?
TooTall
Have you posted this on the Apple boards...GM...Ford...IBM?
You are posting on a Pinkie board.
Suspend the dividend? The plan is to double the dividend every year.
$6.5 million profit in Q4 ending in two weeks time.
CAPEX finished in 18 months
A reverse split to maintain listing requirements gets killed...yes
A reverse split to show the Street real earnings power will not
Take off the Training Bra and show your STUFF
A PE of 5 on $10 per share earnings for 2012
A PE of 5 on $20 per share earnings for 2013.......short a reverse?
MY VOTE
YES 1 for 10 for 3 years then 5 for 1 split in 2014
6.4 million outstanding and estimated earnings per share FY2012 $10
If you want and need visibility.... Show the Street $10 per share in earnings for 2012 and $20 for 2013. Wanna see greed?
We don't need to pay pumpers when you have astronomical estimates in relation to current stock price.
Just like the housing industry we are upside down on SIAF but don't
walk away from this dividend paying stock. You have 43 cents today plus a dividend of 2 cents in 2011....4 cents in 2012....8 cents in 2013....16 cents in 2014. 30 cents....2015 puts you over todays price.
NTA will be 12 times today's stock price at 1/2 Billion in 3 years.
Boosting the dividend would surely help or a special dividend
Or a stock split 3 for 1....since .15 is much closer than $4 it seems.
Or release news of new fish farm contracts, tonnage yield and price per pound
numbers.....thinking $10 per pound last Oct. for Sleepy Cod.
But I can wait....my stock is the same as a gold bar 4 years ago.....unloved.
Harbin has gone private at $24 per share up from $6
Wondering if Lee is backing up the truck now especially if he is thinking about a new exchange listing and having purchased shares earlier in the year at 1.25
During the nine months ended September 30, 2011,(i) the Company reacquired 1,000,000 shares of treasury stock for $1,250,0000 at price $1.25 per share; (ii) the Company issued 3,382,329 shares of common stock for $4,550,369 at values ranging from $0.82 to $1.50 per share to settle debts due to third parties; (iii) the Company purchased 1,000,000 shares for $780,000 at price $0.78 for cancellation; (iv) the Company issued employees a total of 2,760,729 shares of common stock valued at fair value of range from $0.895 per share to $1.01per share; (v) the Company issued 1,800,000 shares of common stock to certain companies for consulting services for the benefit of the Company at $0.895 per share; and (v) the Company issued 1,000,000 shares for $820,000 at $0.82 to third parties to raise share capital.
Thinking Lee is in the market buying shares now.
How many companies has Lebed pumped that had earnings forecast at twice the current share price in 12 months and four times in two years?
That's not pumping .....that's a wake up call.
No way should Lee have looked to this group for help when YouTube is free to use.
Also a better production video needs to be put up on the SIAF website....3 Sleepy Cod
in a red plastic bucket just won't fit the bill for potential investors. Profits in 2012 will average $1 million per week.
Lebed...... Is rather confident
I will prove once again tomorrow morning who the best stock picker in the world is! Most other stock newsletters are phony and fake… and run by morons who don’t understand a thing about the market. I usually research and eliminate 100 or more companies before deciding on one stock to watch… which is why my track record is so unbelievable strong! Be ready for my HUGE agriculture pick tomorrow morning!
SmallCap Network provides comprehensive research and opinions on SIAF.
Date: December 12, 2011
Aquaculture and Fishery Propels Revenues and Investor Interest (PINK:SIAF)
By Dennis Askew Published: December 12, 2011 9:01:57 AM PST
SIAF $0.50 +$0.05 +10.00%
SINO AGRO FOODS INC (PINK:SIAF) is looking better all the time as a “China” play for U.S. and Euro investors with good quarterly numbers, dividends declared, and a management team bent on strong corporate governance and shareholder inclusion.
A lot of investors ‘hit the road’ with Chinese plays in 2011 and abandoned their hopes, and shares, until the geographic play once again appeared ‘more friendly’ to shareholders. The “Emerging Market” shine of China declined amidst government regulations; fears of inflation; bad accounting practices that had shareholders scratching their head; and share valuation losses that increased as investors looked to India and Brazil for more stability.
But that didn’t mean that every company based in Hong Kong or Beijing was a tragedy waiting to happen and in my opinion, I think a lot of publicly traded Chinese companies ‘got the lesson’ and are now doing things differently.
Look at SINO AGRO FOODS INC (PINK:SIAF) which on Dec 2 said two important things to reassure U.S. and Euro investors: 1) the Company was “Actively Seeking” to add independent members of its Board of Directors for empowerment by June 2012 and, 2) it is now Management’s intention to develop a Sarbanes Oxley compliance driven audit function and develop a fully staffed Internal Audit Department that reports to the Audit Committee.
Both of these corporate moves are good signals that SIAF better understand the playing field.
Sino Agro deals in Chinese livestock, like beef, aquaculture, running a bog fishery, making feed and fertilizer from byproducts for farmers and plantation farming for vegetables and flowers. The Company’s Q3 revenues for the period ending Sept 30 were up 36% with a ten cent EPS. The “Fishery” revenue increased by $9,469,667 or 717.27% vs. $1,320,223 at the end of Sept 2010; the Q3 ’11 aquaculture was $10,789,890. The vegetable farming decreased $268,998 from $3,509,397 in Q3 ’10 and both the cattle farm and beef gained.
In another management move to get foreign investors interested again in the Company, on Oot 22 SIAF declared its second consecutive annual Cash Dividend payable in the amount of $0.01. That’s not a lot, but it is something.
Shares are currently trading in the $0.49 range and might be worth a look for new buyers and old “China” fans…
I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.
Dennis Askew is a paid contributor of the SmallCap Network. Dennis Askew's pe
This hurts Ironridge....hummm
Cheers
Next dividend will be .04 cents ...10% of today price
Following year .08 cents....20% of todays price
The next year .16 cents......40% of today price
I love the numbers.....
If Lee takes it private will the shareholders get a NTA
Value per share offer?
Free trading float .....was only 4 million
last year when the price climbed to $1.80
What is that number today?
Next dividend will be .04 cents ...10% of today price
Following year .08 cents....20% of todays price
The next year .16 cents......40% of today price
I love the numbers.....
If Lee takes it private will the shareholders get a NTA
Value per share offer?
Free trading float .....was only 4 million
last year when the price climbed to $1.80
What is that number today?
Thanks Totalljones
But what do you get out of all of these posts?
Are you warning the GM and Ford boards?
You spend time warning us with our $35 million market cap....makes no sense
During the nine months ended September 30, 2011,(i) the Company reacquired 1,000,000 shares of treasury stock for $1,250,0000 at price $1.25 per share; (ii) the Company issued 3,382,329 shares of common stock for $4,550,369 at values ranging from $0.82 to $1.50 per share to settle debts due to third parties; (iii) the Company purchased 1,000,000 shares for $780,000 at price $0.78 for cancellation; (iv) the Company issued employees a total of 2,760,729 shares of common stock valued at fair value of range from $0.895 per share to $1.01per share; (v) the Company issued 1,800,000 shares of common stock to certain companies for consulting services for the benefit of the Company at $0.895 per share; and (v) the Company issued 1,000,000 shares for $820,000 at $0.82 to third parties to raise share capital.
Treit.... enlightenment required please
Past history
On June 26, 2010, 7,000,000 shares of common stock were cancelled and the Company issued 7,000,000 shares of Series B convertible preferred stock of $1 per share. The company has authorized 10,000,000 shares of Series B convertible preferred stock with 7,000,000 and 0 shares issued and outstanding as of March 31, 2011 and December 31, 2010, respectively.
and I believe Lee stated the series B would not be converted until
it would be non dilutive years from now.
Anyone have a figure on the CapEx in 2012?
Treit
Hummm .....is that a 100,000 share bid at .47
OK so hold off on buying shares for three months and let Ironridge make out....no problem
Then come in again guns blazing....OK I think I get it....
Treit
How many shares are actually floating around available for trading....stock seems thin
It took a few months to figure out that the Swedes were taking 30% of SIAF which
Caused the price spike.
Agatonsaxable
I bought this last year to hold until Max potential is evident and then
I will sell some and keep some shares. Makes no difference on what price
I bought in for ...that's for day traders...I'm setting up for much higher stock
values on earnings. I could have sold at $1.70 with short term capital gains taxes
Of 30k ....no thanks but that would sure help out Uncle Sam. I have not sold the first share and still buying about 5k shares per month.
TREIT
12 months from now no additional financing will be required.... puts us in a good place right?
$1 million+ in cash now and $50-$60 million next Christmas?
I think a dividend boost is in order next year.
SIAF THE ULTIMATE HOLDING COMPANY....as per the 10Q title block
Spin them baby
So glad they rid themselves of milkers
Pe of 4 at the end of 2012 makes this an eight bagger
What more do you need to lay down 50 cents today?
Share price Target was earnings times a PE of 8
Tiger is Buddhist....just win Lee
So Treit
Lee mentioned a 12% dividend in Stockholm May 2011 for 2012 and 2013 ....now says he never said that.....
But I'm guessing the retraction is on account of forward looking restrictions. What do you think?
Amex requirements
http://www.venturelawcorp.com/listing_requirements_amex.html
We could sit on the Amex with a 1 for 6 reverse split at $3 per share and
estimate $6 per share in earnings for 2012. A PE of 4 would yield a stock price of $24
But I'm not suggesting this .....just displaying the potential value in our house near term.
Reverse split 1 for 10
Used by numerous unprofitable companies to maintain listing requirements.
Not Siafs problem however with earnings est. for 2012 @ $1.00
Imagine 7 million total outstanding shares and 2012 earnings est. @ $10.00 per share and 2013 @ $20 per share.
Dividend for 2012 .80
Dividend for 2013 1.60
Talk about visibility
Then split the stock 5 for 1 in 3 years.....that's a one-two punch
It's exciting to sit back and watch Lee quarterback
Tootalljones
You sold your stock for .48 when the NTA will be $2.05 in a month and $3 twelve months later?
Market cap is now about 30 million and 2012 estimated profit is 62 million and CapEx will
drop to 0 after 2013.
62 million? The share price dropped 10% Friday on $80,000 in transactions. Was that you Too Tall?
To each his own.
This was one HUGE question to Lee.
Listening to the CC....Lee responds to a caller asking if shareholders will get direct ownership of the spin-offs.
Lee responded... "I am also a shareholder of SIAF.... so what do you think?...chuckle"
At point 19:15 of the recording.
Lee adds shares then retires them....he has history.
I have never traded a microcap company with such high regard for it's shareholders. Lee retired shares then boosted the dividend to 12%
on earnings of $1 in 2012 and $2 in 2013.
12% of $2 in earnings is .24 per share in 2013 and the stock is trading at .57
If nothing else this is one great dividend play.
IMHO
IMHO
IMHO
Thinking 5 million shares at .75 last year when share the price was $1.00 or so as payment for services rendered...check the 10Q