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Interesting about the growth of NTA $ per share now to more than $2! However, it is strange the that EPS from continuing operations seem to be changing each time. I thought I read somewhere it was 43 cents for FY11. Now it is 27-29 cents? Which is correct?
oh...wow! with the guidance of fully diluted EPS of 43 cents X with PE of 8 will give a share price of $3.44! How do u derive the PE of 8? thks
what is SIAF target share price for Q4?
JordanFund: Successful SINO AGRO accelerates [2011-12-02 16:09]
TODAY'S TARGETED PRESS-RELEASE from SINO AGRO FOOD (SIAF) shows in a kind of confirmation that the company fully seriously now starts mobilisation against listing considerably higher up. The three independent styrelseladamöter, and the creation of the kommitteer mm needed such as listing on NASDAQ or STOCKHOLM.
It need hardly be ashamed of their start-up-year where profit and circulation doubled year on year, while the movement broadened dramatically-the whole business idea built junt joint-ventures. In 2011, it looks to be the case that (for now) the company's net profit will match the share price even.
The company's products are all in high-tech ecological school book, where the company's MANAGING DIRECTOR during the 1930s years in Australia invented technology how it now is implemented in practice.
Today includes activities now (organic) FISH (sleeping cod, indoor, grosspris 160 SEK/kg), the creation of new shrimp (first indoor driving range in the world), Asian rough years (also first in the world), biffko-farming, organic manure production, Highland-kraftfoderodling, covered asparagus and dragonfruitflowerodling (expensive vegetable). Also: it starts now collaboration with first-class restaurant chain (100 restaurants) to dit deliver these first class food products. The next step will be followed by a store chain exclusively with SIAF's products.
Read more on their website right now. There is reason to hope for Swedish member of the Board in 2012. Where on the home page are also business video, recorded at JF's review of the company at the time of the visit in september.
SINO AGRO FOOD (SIAF .PK) developed according to plan and forecasts. The company's next step, after the approval of the American stock exchange authority, the SEC is now to aim towards a more accepted listing. In the steps that happens we notice soon. What is needed is a certain bracing of the company in terms of qualified "neutral" directors, perhaps the Board of Auditors review, a higher share price, better website and little else. The company, which in itself is a small award winning machine in modern China's food needs situation have a good future.
Thanks. It's an interesting chart. How are shorts executed?
how are short sales executed? thanks
Great news! Is it the only final piece to uplisting in NASDAQ? But the share price has miles to go before reaching $4? Isnt it a prerequisite to be minimumly at $4 to list in NASDAQ? Hope SIAF will do a reverse split soon. Or Solomon should buy back the shares.
HOTSOCKED features Sino Agro Food, Inc. (PINK:SIAF) Jumped Up from the Six-Month Low
by Violeta Slavtchevska
Nov 29, 2011
Sino Agro Food, Inc. (PINK:SIAF, SIAF message board) share price fell to a six-month low on Friday last week, but yesterday it recovered with a sharp jump up. The latest financial results showed increase in net income and sales, but also higher current liabilities.
SIAF closed Monday session at $0.55, which is a 17% increase from the previous close. The trading volume was higher than the average for the past three months with 295,005 traded shares.
The volume does not seem strong enough to imply that SIAF would end up the downtrend and start appreciating immediately.
Latest news from the company was its 10-Q for the quarter ended September 30, 2011. According to it, sales have increased over 36% compared to the same quarter last year, even though the company closed up its dairy segment at the beginning of the year. Net income from continuing operations is also much higher with over $8.1 million, while the basic earnings per share more than doubled from $0.05 in Q3 of 2010 to $0.11 in Q3 of this year.
At the same time, SIAF reports multiplied current liabilities due to additional "other payables" the larges part of which represent payments for land use rights. As the assets have also increased, however, the working capital surplus is still higher than the same quarter last year, exceeding currently $45 million.
SIAF share price fell below $0.60 in the middle of the month after one of the company's latest 8-K filing announced the issuance of nearly 7 million shares to an investor in exchange for the settlement of $3 million in accounts payable of the company. Still, the current market cap is only $36.4 million as SIAF has only $1.5 million in cash and the largest part of its assets represent receivables and land use rights.
why is the share price dropping lower and lower??
Q3 earnings are out! What will be the share price?
pls ask Solomon to explain what is this all about during the con call. thanks
Have not received my div in E-trade yet.
thanks for the info. Does this arbitrage mechanism apply to subsidiaries or spin-offs as well?
Will this end up with the subsidiaries listed in HK Stk Exchange at $44 per share but SIAF still in the US Stk Exchange at minimal price? How will the subsidiaries stock price in a foreign exchange help SIAF in the US Stock exchange? Is this the arbitrage process that I saw another investor posted for dual listing in Sweden and US? Or something different?
Emilez, if u r attending the investors con call, pls ask this to Solomon. Is this new shares acquired by Ironridge or in extinguishing a debt? thanks
Hotstocked feature: Sino Agro Food, Inc. (PINK:SIAF) Trades a Six-Month Volume High
by Violeta Slavtchevska
Nov 9, 2011
Yesterday, Sino Agro Food, Inc. (PINK:SIAF, SIAF message board) traded unseen in the past six months number of shares in one session as a result of which the share price closed with a decline from Monday close. There has been no news since last Monday and the share price had entered into a narrow trading range.
SIAF closed the market yesterday at $0.67 for a share, a 3.60% decline, while the trading volume exceeded 869,000 traded shares - more than four times the daily average for the past three months and the highest share turnover for the past six months.
The next few sessions could possibly show if that will be end of the downtrend that SIAF has been following in the last 52-weeks.
Latest news from Sino Agro Food came out last Monday when the company announced in a press release that it has initiated application for quotation on the Over the Counter Bulletin Board. Also, SIAF said that it had enrolled in Standard and Poor's Market Access Program and Stock Report Coverage and Compliance Program. Those efforts, if brought to an end, should actually improve the communication with investors and add credibility to the company.
Intraday chart shows that some still unknown but significant event could have happened yesterday at around 12 pm - at that time SIAF share price jumped to $0.75. That could be related to the expected cash dividend in the amount of $0.01 for every issued and outstanding share. The dividend payment was announced on October 26, 2011 and the distribution date is next Tuesday.
Like many other Chinese stocks, SIAF probably also suffers from uncertainty and mistrust as far as its market valuation is concerned. As of end-June 2011, SIAF reported assets for $114 million, $73 million of which liquid, and no long-term debt. The sales more than doubled in Q2 of 2011 as compared to Q1. Yet, market cap is now only $42 million.
thanks. u answered my question. I saw some investors here mentioning that it will boost SIAF price by having the subsidiaries list on HK Stock Exchange. and i was asking how this can happen.
will listing on HK Stock exchange help SIAF in the Pk SHeets?
Emilez, do u know Swedish? can u help translate latest Jordan Fund posting. thks
SIAF-one of the few food-kvalitetsbolag in China [2011-11-06 23:49]
Tonight in TV programme DOCUMENT ACCORDING to was shown exemplary up large parts of the plagiatruffel (often with purely lethal consequences within such as car parts, spray-pesticide, canned vegetables and food) as completely uncontrolled raging around the world where countries like Turkey, China, Nigeria o other completely without scruple lågkvalitetskopierar at large increasingly marketed to more or less lethal consequences.
THEREFORE, it is a very large world of companies documented (and where everyone can come and watch) produces förstaklassprodukter within such as organic food production.
Therefore invests also Chinese Government big at these förstaklassföretag and sponsors through investment grants and substantial tax discounts-in ' s SIAF (SINO AGRO FOOD) cases so far apart. In that (apart from the Government) JF each year inspect the whole production line tension for all products is examination verified. The products may also quite other prices/values are those produced by other means buyers are in the queue, and retrieves the products on the site at farms/farms. Possibly Sweden in next step take place in the new Board as well as recognized Board of people from three other countries.
PURELY ORGANICALLY grown/produced in the base, first and foremost FORCE FEED and fertilisers, which are used in their own production and sold to others.
PURE ORGANIC LARGE-SCALE MATRÅVARU-PRODUCTION takes place (or, just start) now by a number of highly sought after products: in addition to initial fish (Sleeping cod = a torsks town), BIFFKO-production and DRAGON FRUIT-flower (very popular luxury vegetable) starts SIAF now up the world's first inomhusfarmer of SHRIMP (can grow to 4 just to produce it-or-less), the little STUBBY EEL, and asparagus. More is coming.
The economy is based on joint-venture partnerships, minimizing the SIAF's need for working capital. The parent company to sell profitable services to JV-units, so the gain rolls from each JV enters right from day one, therefore declares it as strong profit now.
JV-partners are usually local farmers who have been the industry for a long time, but finds SIAF's concept by far and want this path to develop a better earnings.
There are plans for its own retail chain (also the JV-projects) which only sell SIAF's products. A restauragkedja of 100 class restaurants will use the company's first class-matprodukter and at farms is now growing up förstaklassmatställen where one can eat-try out the various food grades. The first restaurant is now ready by the first biffko-farm 10 mile Southwest Canton.
The company's share as recently traded to 66 to 72 cents has thus 2011 an underlying forecast profits of 50 cents per share (45 cents diluted). Annual forecast for 2012 is just over double and double for 2013 2012 's forecast. Company report for Q3 2011 is expected to come in around 14 nov, also are likely to note that the forecast for the entire 2011 would be fixed as well as for the next two years-as far as what JF today can be assessed.
hope it's exceeded expectations! cant wait for the share price to pop back to $2!
Yeah, that's what I tot too.
does this mean SIAF will be on roll from now onwards? What is tgt price for this year-end? Will it hit $2?
but there's no info on the convertible note of another $0.01.
Etrade account already recorded an Income Estimate for me based on the 0.01 per share.
Also, E-trade reported:
On 10/6/11, SIAF announced a regular annual cash dividend of $0.01 per share, payable on 11/15/11 to shareholders, with an ex-dividend date of 10/27/11.
Dividend Yield 1.43%
Annual Dividend 0.01
Ex-Dividend Date 10/27/11
Dividend Payable Date 11/15/11
oh, i just read again. it's just a calculated amount based on the div announcement. not received yet.
Yes, dividend of $0.01 per share is already in my stock account!
Emilez, thanks! What does Jordan Fund mean "2010-11 we think we know pretty well what results the company will bring. 2012 we might end up on $1.1 on the last line". What is last line? Is that bottom line profit or Earnings per share at $1.10 per share? Or does Jordan Fund mean the price per share is only $1.10 in 2012?
Hi, Any Swedes on board that can kindly translate this new comment on Jordan Fund board. Thanks!
Gold and food [2011-10-07 01:54]
Quality dining, eco-farmed sushifisk, Highland beef cows, of shares of shrimp and eel in SINO AGRO FOOD will become a major titles (!) but it may take a while for the company to plow the ground until the NASDAQ listing. SEC-passageb is completed. Until the company starts to earn some money. 2010-11, we have full control over, we believe. 2012 kanvi land on 1.10/share profit in the last line, the company is sanslöst entitled in CHINA, not least of ALL RELEVANT decision-makers.
For those who have patience, this share smulan idelisk. Now get 1 + 1 cent in dividends for the Board's proposal wins the "legal force". p/e 2011 with today's share price 1.3 Report re 2011, same for 2012 is 0.61!! Such figures thought we nte existed. The Board is working now to attempt to become listed on the fine-room list on Nasdaq.
Sino Agro Food, Inc. to Become Among Largest Recirculating Aquaculture System Developer in China.
GUANGZHOU, China, September 30, 2011 —Sino Agro Food, Inc. (OTC Markets: SIAF.PK), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to announce that it has become among the largest developer of modern Recirculating Aquaculture Systems (“RAS”) in China based on completed and pending projects.
On its website, the Company has released a new video documentary showcasing its current operations and construction. This documentary can be viewed by way of the following URL:
http://www.sinoagrofood.com/?q=content/investor-relations
Construction on the Company’s first RAS facility was completed in late 2010 and stocking operations commenced in early 2011. To date, 12 out of 16 grow tanks are in full operation. The current stocked fish should begin to reach marketable size of an estimated 500 grams per fish on or before October 30, 2011.
The Company has also recently started construction on a second facility which will be the first commercial scale RAS prawn farm in China. The new facility is a few kilometers away from its first location in Enping, China. When completed, the new farm is expected to produce some 500 metric tons of prawns per year. Pending government approvals and finalization of contracts, the Company currently has a single site, two module farm also planned to begin construction later this year adjacent to its contracted 100 acre open fish farm bringing the total number of “A Power” RAS modules to four.
The “A-Power” Technology Difference
A-Power Technology (“APT”) is an engineered, self-contained water treatment and re-circulating aquaculture system (“RAS”) for the growing of aquatic animals on a commercial scale. It mainly consists of the A-Power Grow Out Basin and the A-Power Treatment Stack equipment and operating techniques and procedures which Capital Award has established as essential or desirable for the establishment development and operation of the A-Power aquaculture system. In an APT designed fish growing system, fish produced are free from diseases commonly associated with other outdoor aquaculture methods. The system is fully integrated, automated and climate-controlled. With strict water quality management, APT fish growing system creates a stress-free environment for the fish. These ideal growing conditions enable improved productivity, mortality rates of less than 8% and feed-to-fish conversion ratio of 1:1 for pallet feed and 2:1 for non pallet feed. The system is housed on land in an enclosed environment under fully controlled conditions, and by avoiding contact with any outdoor contamination and using treated water; APT RAS produces healthy farmed fish guaranteed free of antibiotics and other pollutants.
It is an environmentally friendly system that recycles all water used in the farm. It enables the production and supply of fish in the vicinity of urban area all year round consistently. The RAS has been commercially applied in Europe and Australia for the past 30 years and APT has been commercially developed and used in Australia since 1998. However the RAS and APT are relatively new to the Asian countries including China.
hope reverse split happen soon and share price hike to $4. get listed on nasdaq. been waiting looooooooooooonnnnnnng time.
Yes, pls reverse split and get to $4 pronto for NASDAQ listing. Been waiting a loooooooooonnnnnnnnnng time for the share price to appreciate quickly. Losing patience.
which board is the "senior exchange" referring to? Is that NASDAQ?
"The Company is now eligible, pending additional corporate measures and market pricing, to seek listing on a senior exchange"
SIAF is in NASDAQ now?
wow! this share price is on the uptrend!!!
at one time in the past it was over $10 as well!
$4 - wow. is this to get to OTC.QX or Nasdaq? Solomom should take note of this and note keep exchanging equity stock for his debts!
Is Jordan Fund back from trip? Any updates? Why is SIAF dropping further?
will Morgan Stanley be interested in SIAF?
thanks for the excellent news! the translation turned out to be something else :)
hi kevin, my email add is jay_lim@hotmail.com. thanks