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I think the risk that this stock goes to zero has been tremendously reduced by this recent independent statement by Microsoft, the world's largest software company, not by S3D:
Sphere 3D stands apart as the provider of Glassware 2.0™, which is the industry’s first and the only Windows containerization technology.[color=red][/color]
I was also thinking that the future dividend could be around 3% ( say 2 to 4% range). A yield of 3% on a P/E of 15 typical of OSE companies would mean they would pay out 45% of the eps. That seems imo more likely in later years once they have owned a decent stake in the MF.
I would try to roll any Febs into the Mays 2.5 now or asap since the Mays include 3 more quarters of rev while the Febs only have one and latter premium will decline much faster come Nov than the Mays. Best of course is if you can sell the Febs when pps is on a roll and buy the Mays when pps retraces but who can really time the moves? fwiw
Fully agree Tim. I feel the same toward JFM and Pete whose steadfast belief in this company have helped me much steer through the past few months like a lighthouse helps a seaman in a stormy sea.
Yeah end of month end of quarter. Lots of short fund managers get their bonus paid based how on marked to market prices at the end of today.
thanks for the excellent interview and summary.
No I was in and out before 2011 mostly following the story at the CGS (China Growth Stocks) board but never bought much. I started buying in more seriously at around 70c or so right after FF1 was built and started production in 2011 and kept adding more and more in the following years when the price was mostly around 40c. My best buy was around 35c IIRC.
I am not RHI but I must say I have no reason not to be satisfied with the pps performance over the past 5 years that I have owned this stock. I bought mostly in the $4 range (post split price) and now it's at 12. Not too shabby considering it's just the beginning of a journey that may take 10, 20, 30... years for a young company to mature. Although I used to expect miracles from my growth stocks in the first few years that I own it ( oh how silly) now I have come to the more sober (but still very optimistic) realization that the best growth stories usually take 7-8 years at least to materialize. So I am willing to wait another 3 years or so to see this investment come to full fruition. Same with my other Chinese stock KNDI btw. I still have time. Patience and peace of mind.
I don't care too much whether the stock will go up or down in the next few weeks or months. I am in for the long haul. As long as the LT prospects donot change in a negative way. Which is not the case here imo.
Too bad to see you leave RD. I also think that you will be back soon. Auf Wiedersehen...
I believe they want to see more R&D staff and payroll for a company of this size. Currently Siaf has a shoe string budget for all professional staff if I am not mistaken.
Funny. Enjoy the clip.
I find it interesting that EWOS was offered 1.35 B Euros by Cargill and reported in its interim Q2 report an EBITDA of about 20m USD and a net margin of 6%. For comparison Siaf reported for the same quarter net eanings (net of non controlling interests) of roughly half that amount with a net margin of roughly 12%. Siaf has also a much lower Debt to EBITDA ratio than EWOS fwiw.
you misunderstood my message.
A short interest of 145k on a daily avg volume of 30-100k is a lot? Not treacly imo.
Personally I am too worried about an imminent short attack when the days to cover is only 2 or so. That means shorts donot have any problem exiting their position so are probably more interested in increasing their short position. Which means they want to see a high pps so they make more money shorting it down. But when the DTC are near 10 or least > 5-7 then they may be more willing to attack the company get the pps way down so they can start covering if ever. JMO
"Microsoft empowering 10 U.S. cities with the cloud and new “Envision America” smart city program" by Michael Donlan, Microsoft VP U.S. State and Local Government.
http://www.microsoft.com/en-us/citynext/blogs/microsoft-empowering-10-us-cities-with-the-cloud-and-new-envision-america-smart-city-program/default.aspx
thanks Empty. Amazing slides showing how urban sprawl has changed the Pearl river delta over just a few decades...
That statement was actually not prompted by any question as I first thought it was. It was just a voluntary addon statement at the bottom of the PR. I can't believe they would do that if they had a second thought or a doubt about the feasibility of the OSE listing. This time it's not just Sollys cred that is at stake but the cred of a new mgmt team including FD and Bertil.
The question was specifically about the status of the OSE listing if I remember correctly and his answer was It was proceeding acc. to plan. The original plan was to list on OSE by end of the year at least acc. to Bertil when he first took office. So if they have dropped the plan to list on OSE as you said then it would be a lie to say things are going acc to plan wrt to that question. Well why donot we wait until Thu and see what is going on?
That was not what S said when asked about OSE listing status on the last CC. You think he lied knowing that the lie would be exposed just 2 weeks later?
Yes SJAP, HU, HSA and the 2 CFs will be on the table I think.
It's probably too important and comprehensive to be conveyed in a single PR that doesn't include feedback and questions from s/h... Remember it is what came out from 3 days of brainstorming bw S and FD that set a whole new direction for the future Siaf company which will most likely consist only of the 5 fish farms, the distribution centers and Siafs with Oslo as its main exchange plus whatever exchange the spinoffs will be IPOed on. JMO
I think the CC on the 17th will be all about the second decision mentioned in that PR, namely the accelerated divestment of the 3 to 4 subs in the next 12 to 18 months. I suspect Solly and FD will describe in details what they plan to do in that respect. JMO
The way I know them they will barely make it in time for the last day of 2015 listing ... If they qualify lol.
Agree with you both Carog and Sly re. the privatization issue. No CEO in his right mind who is contemplating going private in earnest would go through the exhaustive expense of organizing a grand style investor tour like the one they just did and facing the scrutiny about various aspects of the company's business by his largest and most loyal investors. So for now it's a non issue for me. JMO
I listened to the CC twice without understanding what Bertil said about the OSE listing status and some other issues. Not even know if he feels confident about the listing or not or when they will apply. Did you try to transcribe that part too?
Rosa: if you have a transcript of the Q&A of the CC would you mind providing a link or copy here? Thx
Nah I have much less and was invited to join the tour. Too bad I couldn't make it this year.
Great. I remember about a year or two years ago they were trying to raise their own mother broodstock of the Green Giant prawn. So now they may already have the fourth or fifth generation of self bred GGP and also the Mexican white . Am I correct?
Thanks for the response Carog. Another question in my mind is how are they going to provide enough prawn fingerlings for the MF in the long run? There must be many billions they need every year. Will the broodstock be all grown internally incl. PF2 or do they have to buy some of it from Thailand or somewhere else? I like vey much the addition of Dr Owstrowsky (?) to help us in that respect.
Thanks Carog :). Was the question discussed whether the roofed facilities will be able to withstand a more powerful typhoon? How many pumps of what type are used to pump the water from the underground into all the large tanks? How many tanks are already built or filled with water? How often will the tanks be refilled with water or are they recirculating for ever?
looks like we can use all the money from internal cash flow and from divesting the non-core subs in the next few years to grow import and resale! Huge opportunity for an early mover like us. Fully agree with Carog's take...
Carog: hopefully you and others on the tour had the time to discuss and research the "full speed ahead" that FD alluded to in his acceptance of becoming a BOD director:
>> From the perspective of Sino Agro Food as an investment case however, my first hand experience of the effort needed to penetrate the complexity of the group has led me to conclude that streamlining and structural changes are needed. I am therefore happy that Solomon himself has come to the same conclusion and made the radical decision to go full speed ahead with splitting up the company.
Becoming a director of the company will enable me to have a more direct impact on shareholder value creation, where the execution of today's announced structural changes will be a key focus area. An initial task will be to tie high level Chinese private equity competence to the company."<<
Thanks Carog for taking the time to write an exciting update. Hope to hear more from you after a well deserved rest.
Fully agree with your stance Empty. Am not happy hearing about the privatization debate. We need to raise our voice against it.
what makes you think that the Oslo listing that highly qualified people like Bertil and Arctic Securities are working on will fail?