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It's one thing to think that the stock price is too low, another to indicate the target price.
Management should definitely not specify any target price.
They should manage the company as efficiently as possible, that it is their role.
"Each acre can produce about $25,000 in net profit each year when the plants reach three years old. We still have an additional 400 acres of land bank available for cultivation with rights for the next 30 years. As an average our development cost on one acre of plantation is about US$25,500 which will give good returns and yield for the next 20 and more years with return of investment within 3 years counting from planting".
http://geoinvesting.com/companies/siaf_sino_agro_food_inc/profile/interviews
You can not ask a company on the target price for the company's shares.
A company has never and will not have a target price for the shares.
Subject: Re: Revenues from consulting and management fees?
To:
The conference call should answer most of your questions. There will also be a transcript and audio available as well.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Saturday, April 16, 2011 04:54 AM
To: 'chad.sykes'
Subject: Revenues from consulting and management fees?
Siaf doesn´t say anything about the management fee from the new fish farm. 2010 Siaf had a gross profit of 3,1 million from fishery (management fee).
The new fish farm is four times larger than the first fish farm. Is it reasonable to assume that the management fee is four times as large? Or, is the fee equal, regardless of the size of the fish farm?
Many shareholders think that Siaf sells dairy very cheap.
I would appreciate if you could ask the management to talk about the motives behind the sale and what they plan to do with the money.
I am also very interested to know if there are any plans for a dual listing in Sweden. I think the shares would rise sharply if it was listed in Sweden.
"with the adj EPS at 0.16".
It is the non adj EPS that is 0.16. The adj EPS is 0.25.
I don´t have any short term target.
But if we get a listing in Sweden I think the PPS will be at least $10 2013.
I think that PPS will rise next week. I don´t like the selling of the dairy, but it is very possible that I will change my mind when I get to know what they will do with the money.
But the interesting thing is the new fish farm. The fishery has a huge potential.
Yes, that's what he writes about.
I read the comments and he writes that there have been discussions about selling or listing the dairy section.
JF is traveling in Sweden, so we'll have to wait for their comment until Monday.
The guy who has that homepage was in China along with JF, so it's not unthinkable that he may have obtained information from sources inside Siaf.
Here he writes about the trip to China.
http://www.finoas.com/?p=1227
That was managements best estimate given to me at that time, however GAAP accounting and the audit results reduced that number some. Some profit that was exepcted to be booked in 2010 was also delayed into 2011 as well I believe.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Thursday, April 14, 2011 04:42 PM
To: 'chad.sykes'
On 19 January Siaf wrote "The Company Expects to Maintain previous guidance", which meant a profit of 29 cents.
Today it seems that adj EPS is 25 cents.
I think that 4 cents is a very big difference.What is it that has happened?
"SIAF:
The 61M diluted comes from the 7M prefered already disclosed in previous filings.
The $6M loss is a non-cash GAAP impairment. FASB 470-50-40. Check cash flow you'll see its added back in".
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62085169
I guess 0,60, but the dollar was much stronger when I bought.
CCME has happened lately, you have been negative all time.
This was your first post in August
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55346600
If you instead of writing crap had bought shares you would have been rich today.
It´s a strong buy.
If you believe in Trend Analysis, how come you never write about it when it shows purchases?
Thank you!
I do not understand why Siaf is in such a hurry to pay off all debts. They could expand even faster if they had more capital.
I'm pretty sure that Siaf will manage to sell four fish farms this year.
Already in 2008 they were in the process and negotiated to sell three fish farms. I think there are quite a few who are interested but they want to see the first fish farm in operation first.
From a press release from 2008.
http://www.siafchina.com/english/listnews.asp?newsid=131
"SIAF has been working on three fishery development projects with its potential China Joint venture partners for the past months"
Swedish journalist has bought shares in Siaf.
The journalist who wrote the following article on Siaf last fall bought shares last week.
https://www.avanza.se/aza/press/press_article.jsp?article=177923
Anders Hägerstrand also writes in the magazine Börsveckan http://www.borsveckan.se/
The magazine reports in each issue which shares the journalists have in their portfolios.
I check it every week and Siaf is a new possession.
http://www.speedyshare.com/files/27881458/nr-15-2011.pdf
jay, read this http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61796530
By the way, I'm still waiting for your analysis. You have a strong sell recommendation. Why?
Very good post.
1) "If SIAF is traded on two different exchanges, then it seems like you'd need to buy shares on Sweden's exchange in order to benefit from the dual listing. Is this true?"
No, if the price rises in Sweden it will do so also in the U.S.
2) "If the two exchanges work independently and hence generate different prices for the stock, what does this mean for those holding shares on the exchange that lists the stock at lower prices?
If the price is different, investors will buy shares where prices are lowest and sell at the market where prices are highest. It's called arbitrage.
3) Since the Swedish exchange has on average done better, if it gets dual listed would it be advisable to sell, say, have one's existing shares and buy them back on the Swedish exchange?
No, the price will be the same in US.
Shares in Sweden will be traded as ADRs (in Sweden it is called SDB Svenska DepåBevis)
http://www.investopedia.com/terms/a/adr.asp
If I remember correctly it costs about $ 250 to convert ordinary shares into ADRs and the same if you have the ADR and want to convert into ordinary shares. Your broker will arrange this.
Even if you Americans will never buy or sell in Sweden, I am totally convinced that you will benefit from a listing in Sweden. If the price rises in Sweden it will rise in the U.S. also. Otherwise, the Swedes will buy shares in the U.S. and then convert the ADR and sell in Sweden and make a sure profit.
I think it takes much longer. The share price is too low and Siaf must have independent directors of the board.
"NASDAQ OMX fast track listing process
The fast track listing takes advantage of most of the reporting that
you, as a listed company, are already doing on your primary market.
The process itself is initiated through a formal listing meeting with
NASDAQ OMX exchange approximately 2-4 months prior to the target
listing date".
http://www.nasdaqomx.com/digitalAssets/73/73466_dual-listing_brochure.pdf
(On page 8 you can see that Sweden has outperformed Dow Jones.)
http://www.nasdaqomx.com/digitalAssets/73/73467_dual-listing_factual_pamphlet.pdf
The question really should be addressed to Chad or someone else from the company.
All my information is based on what JF has written on the subject. I think it will be a listing in Sweden, but I find it difficult to specify a percentage of probability.
It is primarily the JF that would be pushing for this.
In US it must be Nasdax or the NYSE first.
P/e is 13 on the stockmarket in Stockholm. The average is 15 for the last 20 years.
I have no information on the p/e of foreign companies listed in Stockholm.
But it's not that many foreign companies listed in Sweden. Almost everyone has some sort of connection to Sweden. The largest foreign companies are Nokia and Pfizer. There are no Asian companies.
It has not been a single word in Swedish media about the scandals in Chinese companies in the U.S.
The stock exchange in Stockholm is owned by Nasdaq. There are a lot of information in English on their website.
http://www.nasdaqomxnordic.com/nordic/Nordic.aspx
I guess it is because Siaf is late with the report.
There is nothing to worry about.
It is a different story when we have a listing in Sweden.
A majority of the shareholders are from Europe (mainly from Sweden).
Siaf will be the only Chinese company listed in Sweden so it will be more valued on its own merits instead of today suffer from all the scandals in Chinese companies listed in the U.S.
In Sweden, penny shares have bad reputation and companies with low share prices usually do the reverse stock split.
If a reverse split is speeding up the listing on the Nasdaq and Sweden, I think we should have a reverse split.
If it is possible to email questions to 15th April I will ask people in Sweden to send questions about dual listing.
"1000 shares with a PPS 2 or 200 shares with a PPS 5"
Sorry, it should be 400 shares with a PPS 5.
"For those of you mentioning a PPS of 10 within 2 years, there's absolutely no need for a reverse split to qualify for an uplisting".
I don´t want to wait two years for uplisting. The PPS is to low for uplisting.
I don´t mind a reverse split. If I own 1000 shares with a PPS 2 or 200 shares with a PPS 5, it is the same for me. I look at p/e and that doesn´t change.
I want a listing on Nasdaq and Sweden as soon as possible.
I responded to "1) In two years, upon SIAF reporting full year 2013 results, how many shares will make a SIAF millionaire? And why?"
I believe that the share price in two years is at least $ 13.
But I think there will be a reverse split and that will change the share price.
1) If the listing on the Nasdaq is in a few months, I think we may see a reverse split.
Without the reverse split, I believe in a share price of at least
$ 13.
77 000 shares will make you a millionaire.
2) I guess a new joint venture. But it is difficult to speculate. It will be extremely exciting.
Here is another article. Now they are talking about retailers.
http://www.chinadaily.com.cn/bizchina/2011-03/30/content_12249426.htm
Siaf sells milk to dairies and the dairies are value added manufactures.
---------- Forwarded message ----------
From: <chad.sykes@sinoagrofood.com>
Date: 2011/3/29
Subject: Re: Dairy products crackdown
To:
I have not been informed of any problems related to Sino's dairy operations. It is my understanding that this is related more to value added manufactures.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Tuesday, March 29, 2011 12:01 PM
To: 'chad.sykes'
Subject: Dairy products crackdown
http://www.chinadaily.com.cn/bizchina/2011-03/28/content_12235106.htm
Do you know if Siaf have any trouble getting the product license?
"According to the order, dairy companies must have equipment that can test for 64 additives, including melamine. The equipment will cost the companies 3 million yuan ($456,000) to 4 million yuan each". Does Siaf have this equipment?
"At least 20 percent of domestic companies will be kicked out of the dairy market at the end of this month following the latest inspection by the central government of China's fresh milk and infant formula producers, official sources revealed".
http://www.chinadaily.com.cn/bizchina/2011-03/28/content_12235106.htm
From: <chad.sykes@sinoagrofood.com>
Date: 2011/3/28
Subject: Re:
To:
Yes, an update will be given this week.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Monday, March 28, 2011 08:49 AM
To: chad.sykes@sinoagrofood.com
Subject: Re:
If they file for an extension,will they send out a press release about the extension?
2011/3/15 <chad.sykes@sinoagrofood.com>
The report will be out on or before March 31st unless the Company files for an extension.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Tuesday, March 15, 2011 09:36 AM
To: 'chad.sykes'
Have you heard from Siaf when they plan to release the report?
Thanks for the article.
I´m not worried. It is still low volume.