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Printing shares is dilution absolutely at any point, for any volume. But ok I understand your point.
The more important question is - do they deserve it? Everyone knows the answer here I guess.
I like how Solly managed to convince people that printing shares isnt dilution. Nice! Golf clap!
So much for those posts about how some stupid MMs were taught a lesson in that rise before, haha.
When listed... yeah, right. Thats surely coming.
If you are satisfied as a shareholder then very well, no reason to sell or not to add. I have completely lost confidence in them.
Sure it can happen. But its absolutely obvious that now the management/company has to deliver something real, something big. I cant see them with anything, ofc can be wrong.
No idea, just saw the another A/S raise as the limit before has been maxed out again.
Also I remember what Solomon said and promised in 2012, 2013, 2014 etc about not diluting anymore. Well he has said many things. Anything that could be of use for shareholders was never materialized.
Of course I was ironic, its the same every year. Same story, same promises, same failures. SIAF will hardly attract any real money, its all pretty much JF and other groups playing pyramid scheme with Solly pouring dilutive shares on them, hence no rise despite they all keep buying.
Calling this stock as an investment is a joke, its a speculative shot at best. And I dont think its worth even that.
Word. This is a no brainer absolutely. When funds finally hit da ask, it will fly! One just has to be patient for it, thats for sure.
So far very realistic one. Tons of underwater people here and I dont even count in the opportunity costs as the markets keep going and going year after year.
That seems VERY reasonable
Just confirms that those analyst reports are just piece of crap from people who know nothing at all.
No doubts.
Finally some sense here on the board regarding spinoffs.
Please tell me more about auditors and their job in Chinese companies
Absolutely! Time to buy more! Same as in 2011, 2012, 2013, 2014, 2015 and 2016 as well.
Offshore yuan tells you the story what big money thinks of China in reality.
I wouldnt be overly optimistic about the call, are you sure they dont need more time? After all, news about the loan may be around the corner...
The chance for spinoff is like 0,1 %, sir.
And we are back to the "it is dirty cheap" talks. Well even if true (I doubt big time), what will you get for it when the managament is is arrogant oneman show from man who sh*ts on shareholders? Does such a stock have any value for shareholders at all? I dont think so.
Panicking? Or maybe being at least slightly smart and secure at least some of the money that is left before this blows up to zero?
I wonder when JF guys finally throw in the towel in mass.
He isnt destroying himself. He got so much money from diluting, he has what he wanted. At least originally. The thing is - he probably got too arrogant and blinded and thought this shitty scheme could go on forever and started to pile up in size into levels impossible to finance with OTC shareholders - like megafarm etc.
Its not about execution, frankly - that guy never did anything great, really not. He took money from shareholders and build some stuff with that. Thats it. Its not even seriously profitable, everything requires additional money and keeps tons of issues.
Solomon has no knowledge of financing, whats to be in chargé of public company etc etc. The only thing to "respect" was his ability to convince JF guys to get so many people into his dream. But I guess that time when everyone was so positive about China and Chinese stocks were on fire, it was rather easy. After that 2011-2012 fraud debacle it got harder and now its a dead meat waiting to get slaughtered. Unless they (surprisingly) deliver some real stuff.
The real question is - did all of these ever get a chance to really influence anything or are just muppets in the show to buzz off shareholders for some time?
I bet the latter.
Except of Dan and some few shares from Nisse I dont believe anyone has ever bought anything. Why would you expect any change to that?
And those overpaid muppets in BoD... I never got why SIAF hired them. It just looks to me they wanted to look better that they have some real management but all are just curtains for Solomon.
Sure, P/E of 1,3. If it was real, the company would have to buy itself as having such P/E is economic nonsense. Truth is, its not real and it has never been. This company is only to print shares and be ATM for Chinese JVs. Nothing else and nothing more.
Second, whats P/E worth in case the company doesnt care about shareholder. Shares are only worth the trust and money the company gives to shareholders. This company has no trust (for anyone with senses) and gives no money to shareholders, actually only keeps diluting so sucking away money from shareholders. In such case, they company is worth nothing. If liquidated, you get nothing as well as its a Chinese stuff.
The situation is rather simple, its just whether you want to see it or not. Sad for shareholders but they should know better now after 6 yrs of the same.
Hehe I realized that long time ago, unlike many others here. When was the time we discussed with RD about his sure blowoff tops on nasdaq etc and I told him no way? 2012? Something like that. So really you dont need to tell me whats up
Anyway, SIAF is another POS company from China and the sooner people realize its about taking rest of value left on the table, the better for them. Or they can continue to believe, their choice.
Why didnt the stock market in USA in 2008 collapse till it collapsed? Because its just like that, sometimes it takes time, sometimes doesnt. Sometimes market doesnt care.
Also, Chinese stock market is very low in capilatisation so they can hold it easily no matter that P/E is skyhigh and half of the companies just frauds. Everyone knows it, its a casino.
Why is BABA worth 260B? I dont know but Im dead sure noone invests in the company. Only trades it. And thats enough...
... when central banks keeps pumping 100-200+ billion cash into it every month, its hard to see any drop. Check stats - "real" earned money outflow is strongest since 2009 but its nothing against the force centra banks print.
XIN got a nice way to get money out of China, its always like this. CCCL or someone (not sure) paid a massive dividend too, so did many others. Doesnt mean anything against what I wrote. SIAF? Joke company and surely not there to make shareholders rich. But if anyone still belives it, its his fight.
Guys get real. Real how things look in China about now, its falling apart. Last stuff you could expect is a Chinese junk management paying out a divident or even initiating buyback LOL.
Seriously, at this point with China having hard capital outflow (check CNH, international trade in freefall etc), I dont believe the political situation would even allow those. Not to mention that the company would never ever do it ofc.
Check CNHUSD rate, that tells you everything you want to know about China. The massive government spending (which is MASSIVELY unefficient) can only get you so far, then its a house of cards waiting for first to fall off a cliff.
Its nice that things are falling in place finally. The big picture is now to be seen better. And its not nice for investors.
Just annoying that we act as a bank to local farmers and the government doesn't seem to support us.
The only trigger happening here is when those ultralong believers among RH investors and JF realize that this is just another Chinese junk and start dumping it...
Like, really? After 6 years of "I dont give a f*** about shareholders", they will start to care, out of nothing? Some of you will never learn and never stop to believe, it seems to me.
I think that guy has already proved times and times again how he treats shareholders
I think they have the assets but of course its of no use for shareholders and never will. Anyone who still trusts a Chinese company after everything what happened... well to each his own.
I dont get how Solly can still hold the candle and some guys still follow it. 5+ years of failure after failure, one after another.
Wow, people still here to believe this CEO? 6 years havent teached you yet?
They probably dont even know they have SIAF in the ETF. They couldnt care less, they sell ETF product, thats it.
When will you guys get real, come on. SIAF and buyback?
Yep, you are right, I agree.
Sad is that the company doesnt deserve any better, at least for now.
Time to realize the reality. There is no manipulation. This is just one pissed shareholder after another dumping while there is almost noone interested in buying, hence continuous drop. On OTC we had some fun to it from MMs. Since we are in Oslo, there is nothing, just the drop.
So if there was any manipulation, it was MMs helping to pop it here and there. Not that bad if you ask me.
They dont care about shareholders. Maybe if they are pressed to do so, they might pretend a thing here and there. Solomon has his dream about building a company, he doesnt care about anything else. He doesnt understand whats publicly traded company, he doesnt understand margins, he doesnt understand basic economy... he doesnt need to. He created a financing scheme and I still cant believe he could have pushed it this far without anything sensible created for shareholders.
But, we are definitely at the end of this. What comes will be fun to watch. I expect a major sh*t show. Well, solid part is behind us, since we are again at 45 cents. Back to old good days
To be honest, those times were at least fun. This isnt.