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I sold some put spreads Nov 7.5/2.5 today for a credit of 3.55 per share, lottery ticket.
Tony: the Fishsite.com article although dated today seems to provide outdated info re. the first stocking of the MF tanks. From the 10k we know that there has some delay with completion of Stage 1 Phase 1, so the first stocking of fish/prawn may not happen until Mid May or June (IIRC), instead of April per the article based on old PRs.
True. Solly has been very forthcoming with having almost every BOD member there for direct q's at CCs in the past. I haven't seen that much openness from any other companies on their CCs personally .
I sometimes even think that a "healthy" short interest is the hallmark of a real story/battle stock with strength and resilience, worth of pursuit for both longs and shorts. Shorts typically look for strong emerging growth companies with a highly volatile stock price and a strong enough base of diehard longs who can fuel a pps rebound so shorts can make money over and over by rinse and repeat. Imagine how boring and unlucrative it would be for shorts to attack a low-beta stock that never recovers from a major blow...
even today 2 years after TSLA quintupled its pps within a few months its short interest remains unusually high, at 26%. Same with KNDI a stock I have owned now for 4 years. So a high short interest by itself is no sufficient indication of a bad or good business.
it looks like it could have been a put spread. Somebody sold 8x Nov 7.5 and bought 8x Nov 2.5 puts at a credit spread of 3.46 per share.
Yes Nov is 3 earnings away. The Nov $5 put has a huge premium.
Strange that most put series be it May Aug Nov 2.5 or 5 puts all have an Open Interest of 8 for weeks now. Not a small change... Wtf
Go Rocky III...
Double whammy for our Swedish friends with a strong $ !
Who is Ingves?
Haha it was a show all day all NITE! You said it...
nope, not yet.
it's pretty clear that the approx. 0.8M new shares were not issued directly to the new lenders as this would constitute a breach of the covenants of the ECAB agreement (no new dilution within 5 years!) but also a blatant lie to the SEC based on the statement in the 10K quoted below. Not to mention any large investor who owns more than 5% of the company ( about 0.9M shares based on 18M o/s) before or after receipt of the new shares would have filed a 13G form and been identified already. So who can that be?
Carog: you mentioned that you personally know some of the biggest (Swedish I guess) owners. Do you think that some of these have agreed to loan their shares to company to secure the first $10M of the new loan that would require about 0.8M shares? Or do you agree with me that besides ECAB no third-party entity is close to have that many shares to loan?
For 2015 did you just increase the 2014 waos by 2M or the o/s ?
RD: so what net margin did you use for eps?
The answer is to announce on the 13th that a FN application has been filed. FD said it would take him 10 days to convert the 10k into an European report and that's what is probably the missing piece with FN. I think. That would mean that we would be on FN this time next month? Anybody?
Agreed Empty. In my mind Solly is just like Xaoming HU, KNDIs CEO. They are both really great businessmen, have built an empire within a few short years but donot know how to communicate the story to the world. Maybe they are too busy building the company and try to stay ahead of the competition which is extremely fast in China and ruthless. If you look back at what Solly has achieved in the past 5 years there is only one man whom I can compare with: Hu or Who?
finally got a small buy order filled at 10.89 this am just before the big move up. Am trying to tuck some SIAF shares in a new Roth account that I will be able to withdraw taxfree in 5 years...
Yup. If my theory is correct, the new 0.9M shares issued in March are really no new dilution. They are part of the ECAB conversion shares the first tranche of which (about 1.6M shares) is due in Oct but were issued as an advance to ECAB to collateralize the first $10M of the new 3.5% APR loan. A win-win financing move for all that will help pay small amounts like the upcoming F-share divi etc... Joe may have a hard time understanding that part LOL.
did today's PR open another floodgate that washed NITE away LOL?
thanks LL. Yes, Rosemont Seneca, Rosemont Realty... all belong to the same group Rosemont Capital LLC, co-founded by Devon Archer who is also a director of Burnham. Nice move Siaf !!!
Mr. Archer is the General Partner and Chairman of Rosemont Realty and a member of the Board of Directors of Burnham Financial Group and Wealth Assurance. He is Director of the Kazakhstan Sovereign Wealth Fund, as well as Director and Vice Chairman of Bohai Harvest RST.
possibly much more. See Devon Archer's connections with Bohai/Harvest fund that includes Rosemont and Thornton Group, a cross-border investment expert. I see this also a precursor to the SJAP spinoff/IPO at the HongKong or another exchange.
http://en.bhrpe.com/_d276650047.htm
Is Rosemont Seneca, one of the partners of Bohai Harvest fund, related to Rosemont Capital, LLC, co-founded by Devon Archer ?
looks like with Burnham they have also tapped into powerful Private Equity China related groups with expertise in cross border M&A:
You can tell the PR was written by a pro. With a few pics that matter.
On PR news too. Nice news that may attract many new eyeballs.
The 45% includes just about Cyrus and Pinetree I guess?
I hope they will say in the CC that the application for FN has been filed with the Europen report being complete.
Shows also the o/s of combined company as almost 35M.
Same here. Easy 10-bagger within a year at this level IMO.
No wonder...
Is today holiday in Sweden?
Look at import our #2 biggest income driver possibly even surpassing Fisheries this year if Siafs our Swedish trading arm becomes busy...
I think the smaller eels (1.6-2kg) still sell for $18-20/kg IIRC. So that will make up the lower price of prawn and justify the $15 ASP you assume. And they donot need another year to grow out like the big ones. Right?
Thanks for the prompt update RD. I see total profit ramps up more slowly now until 2021 but higher afterwards than before. When is 55% ownership assumed to take place in this update?
Also why did you leave out profit of Wholesale/Export now and still come up with basically same total margin as before (35 vs 36%)? I guess the overall ASP now assumed at $15/kg of course depends on the real mix of eels vs prawn vs fish sales. What mix did you assume now ? All 3kg eels or also a mix (50/50?) of 2kg vs 3kg eels?
I donot see why they should sell 3kg eels if it takes another year to grow them from 2kg to 3 kg. I think 1.5 to 2kg eels are big enough and sell easier than the huge ones. Not to say that they should not allocate a certain % of tanks at MF for growing the 3kg eels but why tie up too many tanks if the medium size eels sell well.
a little diversification wouldn't hurt... I'd like to see them have some tanks left for sleepy cod TBH.