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These patterns will keep happening until the earnings start coming later this year. There is nothing happening that will break this pattern until the fall. My recommendation is to buy on the dips and enjoy the ride later this year.
It might have been useful for Solly to disclose how many of the JV partners are actually local govt officials "on the take".
Thanks for the details. It will still be a source of cattle for the company.
It seems like the new disclosure from the material posted on the IR site is the start of Cattle Farm 4 during Q1. This will be a 10,000 head cattle ranch which will come online in 2016.
Eagle.
Do not blink. You are about to be run over by an 18 wheeler loaded with mj.
I don't agree with the comment about the HU plantation having limited growth potential. Here is one scenario where it has exceptional possibilities.
The Ali Baba IPO is upon us. If SIAF were to create a viable mail order/online distribution network that would use the Ali Baba platform, they could become the "Omaha Beef" or similar type of business for the China market. All kinds of gift packs could be offered such as beef, sausage, dried vegetables. spices, cheese or any food item.
Accounts payable more than doubled year over year. I wonder how much of that is from one time expenses from equipping the trading centers and abattoir?
April is traditionally the worst month for stock performance anyway. It may be selling for tax payment, or most of the 10-K's are reported during the month, but the combination is never good for stock prices.
You describe Solly as a liar, I describe him as a free spender.
Sounds like he is just a socialist democrat.
Maybe Solly has been hanging around with the Commies too long.
Absolute power corrupts absolutely!
A responsible adult (maybe Ritchey) has to take Solly's credit card away from him and say no more.
I'm now convinced that the share price is a total reflection of two things. Solly's growth at all costs policy and his total control of the company via his preferred stock. He is going to have to change one or both of those things to unlock the shareholder value.
In New Hampshire, the politicians are required to take a pledge to vote against higher taxes in order to be elected. Maybe Solly needs to take a pledge to stop dilution.
I expect the shareholder meeting in Charlotte may not be a love fest.
The quarterly financial statements are a snapshot in time of the financial condition of the company. The day after the books close there could have been a payment received that would make the cash balance much healthier. Low cash on hand is not necessarily bad news.
Since they are going to have to become a major wholesaler within the next two years because of the distribution needs of the MF, it would make sense to start the wholesale company as a separate organization and create a new wholly owned subsidiary company to be listed on the Hong Kong Exchange. That would solve the financing problems. It could be called SIAF Import/Export or SIAF Trading.
They state that they have four major wholesalers so far. However, as they add more wholesale buyers for their imports into other major cities, the need for more imports and production will also increase. Forty containers in a quarter should become sixty or more this year. I see a potential for great growth in this sector. Also, if SIAF becomes a wholesaler in their own products both the reach and profitability increase. I like the brand building they are creating as well as the concern with quality.
62 cents in earnings, 42 cents stock price. What a disconnect!
I haven't been reading the entire message stream, too many posts, so this may be already posted. One item from the 10-K that might have been missed is a $2,000,000 grant from the Chinese govt to SJAP for the creation of a recycling system for animal waste.
"SJAP plans to build a marsh gas station during 2014 and 2015 to generate electricity based on the source of energy generated from the fermentation processes of the cattle waste collected from its cattle farms and after the fermentation processes, the residue will be recycled as raw materials for the manufacturing of its organic fertilizer. For this project, the government has agreed to award SJAP a development grant of US$2 million to help initiate the marsh gas station."
Green tea is the steak, mj is the sizzle.
Recently posted were the clinical trials about green tea being an effective skin moisturizer. Just saw a news article about makeup and the skin products they talked about cost over $150 dollars for a small jar. In other words, a more effective product can score major sales in this product area.
One other way to look at this. You are walking down the street and a guy hands you a $100 bill. Are you worth more now than you were before that happened?
You obviously don't understand what I am talking about. Without the grant, the bottom line of the revenue statement would consist only of actual sales of product or timber and nuts. In other words it would currently be a negative number. With the grant, that number would be different, in other words the negative would be smaller or might even swing to a profit. The value of the grant is free money and if you divide that grant by the number of shares outstanding, you derive a value. It is not the total value of the company, just the value of the increase.
A $.10 per share price gain is based on the amount of the grant divided by the 125 million shares outstanding. In other words, the bottom line revenue is increased by that minimum number, regardless of price or other revenues from sales.
The grant is worth a minimum of $.10 per share.
The price will churn like this until at least the middle of August. That 10-Q will have the first report with revenues from a whole quarter. The next report due out in May will only have partial revenue numbers.
I thought you were referring to something else. Cash to pay off the F shares will come out of general revenues.
It isn't necessary to sell shares to pay a dividend. The company can simply issue a stock dividend and transfer an amount of shares directly to the shareholders.
Download the pdf on the updated Q & A for the mega project. Sandy is the designated water tester for purity. Shown in question 10.
http://www.sinoagrofood.com/sites/all/themes/siaf/images/whats-new/Zhongshan_Prawn_Project_FAQ.pdf
I applaud management for taking a stand on doing the right thing concerning all the factors they mentioned. Would you rather have a fly by night company that rushes an ineffective product to market rather than a carefully researched product?
However, the day traders, swing traders and momo traders all hate a careful plan, they want profits yesterday.
With favorable clinical trails, PLPL is in line for a whopping large buyout offer from companies in two distinct sectors, Interest could come from drug companies like Pfizer or Bayer or cosmetic companies like L'Oreal or Proctor and Gamble. What would be telling is what the founders feel is a fair price.
Expectations are a tough act to follow. This is a start up company and will act like one for the next year as events develop. Wild swings in the price should be expected as the day traders try to time the moves. That type of reaction drives us buy and hold types crazy, but the market is made up of all types.
Since they are at the point where they are testing their production capabilities, we could also see that they are sending small amounts of product to the end users so they can also start their own testing.
Agreed
Slightly off topic... I expect that at the current time there are 1,000's of Chinese food "delivery boys" checking out every aircraft hanger within a 5,000 mile radius of Malaysia.
Viking, not exactly correct. The purpose of the S1 is to offer for sale during the relisting (like an IPO) shares of the company. If they don't want to offer shares, they don't even need to file the S1. That is the reason for the proposed offer price of $1.
Plandai is the safest play in the mj sector for one very basic reason. They are not a single product company.
In the news this morning, there was a story about the benefits of chocolate flavonoids in treating and preventing heart attacks. Taking this thinking to the next level, Plandai is perfectly positioned to grab this market too.
There are so many possible products that this company could produce that just as soon as one product becomes profitable, they can move on to another possibility without ever reaching the total possibilities.
We are seeing a change in trading in the past two days. The spread between bid and ask has widened to nearly two cents, a dramatic change from prior quotes which never tended to be higher than one half cent.
I'm showing a bid/ask at .468/.489 with volume traded at 1.9 mil.
I think that is a bit optimistic. $10 to $20 range is more likely simply because they have to ramp up production to maximum levels. However, what they are selling is going to be priced at a premium to the current market, so profits should look good by the end of the year.