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if people are selling at 1.40, whats to stop them from selling at 50 cents.. I don't think the selling will end until the sellers are done selling, and they are aggressive so buyers are going to bid it down. I'm buying when we go thru all time lows, but realistically unless we get a big down 10x volume day I don't see why anyone who is selling would not be selling at .50 cents, its not like at 50 cents there is suddenly value but there isn't at 1.35
when did SOLOMON want to cancel his a shares was this another thing he told certain shareholders?
Why would he do this he would lose control and potentially cause the shares to rally!
i would bet that this neverending tidal wave of sellers beats the current buyers and we get to all time lows again..
what is everyone modelling for EPS? I know this year will be bad so lets say $1, but last year was closer to $2.80, so what eps are you thinking (and what share count are you using) and what growth rate (if any) to determine fair value of the stock. Obviously the book value is closer to $33 but since the the company cant use its assets efficently what do you think fair value is.
With $33/share in book value (excluding collateral shares) at a 10% return on equity that should be $3.30, for example.
Over time either assets need to shrink/be sold off or made more productive (or charging more to finance customers to make up for the poor returns)
Swede, I have contacted ir aka Peter Grossman with no response. so I for one have tried to confirm like u did but no response. so it's not like you just have to ask and they tell u. I am hearing this thru an anonymous message board. he has responded before to other I inquiries
with 16m shares traded why can't the share price just be down because there aren't enuff people to hold the shares. it has no institutional support, and the company doesn't support the shares either.
a big day of treading is maybe 150k shares which isn't much when 16m are in the float.
it can get down here with just normal.selling and lack.of buying. look even emptyone sold some big blocks
when did ir say this? that they lost their collateral shares being returned? also why would they have to top off of this isnthe case? I am not asking zerohedge or joenatural these questions
how many share s are in float excluding collateral? there are approx 19m non collateral shares but anyone know how many available for trade? include both markets
I think Fridays reaction was weak unless next week is up big. otherwise we probably are at or near new lows by the end of the month. I have been buying the whole way down but I'm waiting to see next week, as I'd rather buy at lower prices obviously.
the press release doesn't really change anything I don't know why they didn't just announce a authorization by the board to do a stock buyback even I'd they aren't going to.
maybe management has triway loan about to close or something else. nothing has changed except at sometime in December they r going to talk about dividends and buybacks but they could sonthat anyway.
I see no real reason to rally, but I don't know why the stock is so cheap either except people don't want to part of the SOLOMON show
if u use 19m share count this company makes 1 eps on 33 in book that 3% return on shareholder equity so either they need to get profits up or sell off u productive assets
the roe is only rate of inflation, return on assets even worse if it stops squandering it's money on projects that don't work or don't finish it will have to
tons of money.
Swede how many shares u upto? I have been buying regularly all the way down but feel like I'm only one
lol sell at 1.50 a share
probably not. they probably just return all collwrateral share at same time at repayment of loan.
I think it means they want to segregate collateral and true outstanding shares to calculate eps. it's very confusing since collateral is constantly changing and it messes with the eps.
I don't think it means collerateral shares have been sold.
the irony will be if the stock goes up and stays under 7, then everyone getting in now does great and gullible still will be at a loss
This seems pretty low. I think we did $2.80 last year and excluding the gains from the conversion of triway (I think it was like $5 in book value) we are at .39 cents eps this year.
snow has said that just triway should do $40m profit, so if siaf owns 36.6% thats $14.64m / say 20m shares = .73 cents by itself.
when you guys are quoting EPS are you using like 20 million shares or do you include the collateral shares which at last count were I think 5 or 6 million. Since theoretically the collateral shares will go away, I try to look at it at full diluted but excluding collateral shares
if siaf rallies will u sell a t 7 gullible fish?
it's possible.no collateral shares were sold and this was normal.selling bringing on more selling etc. if Someone wanted to get say 1 million shares liquidated before 3q etc it would cause this. if u look.at the chart it looks like institutional liqiidation.
the selling was also aggressive it looks like Simone had a time line they needed to get out, or it could be just someone large, but not that large throwing in the towel.
I'm not convinced it's collateral shares, I think we r trying to find a reason when there not be one
I have been buying all the way down, so maybe I'm being optimistic
if the big seller is done, if, maybe they had to finish before 3q was over
the rare up day! odd that sellers r on vacation today so far
bad news on the way? what could it be? as we know this company leaks more than the titanic so it looks like people in the know r selling or at least not buying based on q3, what happened? btw I'm buying but I don't have insider access like people who trade this stock.
how cheap would it have too get for management to buy
So far we have .39 eps in first half of this year
also I am buying more this week so not everyone wants the share price to go up right away, ev2n though I'm down big on paper. I would rather somewhat is right for business. if the are only investing on things that give 20% roce than we can only win, this company will be flooded with cash if they stop investing cash flow in low return projects. I don't see a dividend as productive as it's tax inefficient and will raise the price in a limited way, is the goal.to produce shareholder value or bail out current shareholders? if they r out of ideas that give roce dividend makes sense, more sense than no return on equity.
this is supposed to be growth company, those don't pay dividends and u cant stop once u start with divs. i don't think management sees the business as.mature yet.
they could.do buybacks without hurting the growth story but I think dividends would hurt pe later because u got income investors as shareholders instead of growth investors
better postpone the $100 share party a bit more
I think it was 1q conference call. it was the one when he said any turn they make is not left unstoned, a play on no stone left unturned
Swede where is the report, I know u r waiting for siaf to respond but doesn't look like it's going yo happen
what does siaf grow faster shrimp or shares being sold? haha just kidding, gonna buy just waiting for funds to transfer
Swede how many shares r u up to? I am also transferring funds to buy more. I have been buying on the way down so of course I have a large loss on the position. I have added 50% but of course that is over time and at higher prices since I was buying on the way down.
if there were margin calls and share sales siaf would have to disclose. they have only disclosed total collateral shares and they will be retired when loans are paid back. margin call is nonsense, this company makes minor corrections on it's filings u tjinknthey r not going to report a defaulted loan and auditors sign off on it too?
u just said u would sell into any rally
well, since emptying will cap any rally does it make sense to buy after he is done selling? I have been buying on the way down, but who knows where the bottom is
I would go thru a period of getting depressed then get going again. if u are 40 u have ur whole life ahead of u still. 1 million is not alot if u live in usa. also remember if u lose 1 million u can make 1 million. how did u have 1 million to start? u must have started with a smaller amount and peaked there. it is no big deal someone is getting rich right now, obviously not ppl on this board. pick yourself up and get going or u end up sad old.man like gullible fish
many people.have lost money and madd.it back. but if u cling to your failures u can't meet ur destiny with success
I don't have that much money to lose but but there r more things to life. u r not dying or sick or diseased u got nothing to lose and all.to gain.
even if u get a job.and save.money and put it in index funds u will have that much money again by retirement. no big deal.
yet u still hold your shares.
good news is on the way, with the ridiculous price that siaf is trading at siaf could announce a share buyback, without having to do it. doesn't cost them anything to support the stock. why not do it? because they have bigger stuff going on and it will mess that up, whether loans ipo etc. basically something positive is preventing them from doing the obvious. so good news is on the way.
on the other side, could be they don't care about the equity price, but as someone said before u can't setup funding or ipo triway when siaf is this depressed they would just buy siaf instead.
I don't think it's collateral shares i think it's fatigued shareholders who arent getting any support from management to hold the position. plus, without news we still have tax loss selling to happen coming up. with that being said I'm a buyer, I wonder if I should wait for lower prices but I just keep systematically buying since I don't know price in the future. this might be a mistake, but I don't know where the bottom is. empty alone is selling 1% of shares outstanding, which is bullish when we get long term.believers to capitulate we are near a low. of course there must be more that don't post here.
why do people keep saying .8 shares of triway for each share of siaf? triway has 100m shares and we have 36.6, there are roughly 19m siaf shares that are not collateral. this suggests 1.92 triway for each siaf, so close to 2. where is my math wrong?
for example on net income of 40m at triway, we would get .40 cents per share, .20 cents approx would go to siaf book and another would go .20 would go to triway book which we would directly own.
this do3snt count ecab conversion but they convert at much higher prices, even then it's like 10% dilution
???
empty u complain when yap was here and when he is gone what do u want from the guy no matter ehat he doesnu are not hsppy. u complained so much abiut yap i thought u might buy shares now that he is gone
What about this IT company we now own 30% of, does anyone know what that is about?
snow ok that make sense. thank you for your detailed reply.
ks1977 this is good for u because u are buying at 2, but for people who bot much higher this doesn't work, ie getting 2 a share back. realistically I think most people need north of 20 to compensate for time and risk and I think this is possible but it can't take 10 years