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I'm not the least bit interested in writing in a forum where it is allowed to come with very serious allegations without presenting any evidence.
I would have stopped already, last week, but since I promised to do the recording, I continued a few more days. I will delete this account.
Good luck!
I write mostly on http://borssnack.di.se/Diseconf/Default.aspx
But I do not write every day, not even every week.
Another board is http://www.dagensps.se/tjanster/vcw/
But you can write anonymously, which means that the quality is really low. There is one person who hates JF and he writes crap about Siaf.
I know several of those who own shares in Siaf so we send email to each other instead.
I think it is hard for you to follow the debate in Sweden. It is quite often bad translations, sometimes the meaning is quite different from the original text.
Although I am poor in English I can immediately see when the translation is wrong, but you have no chance to detect it.
JF is the best source of information. You should read http://www.angby.com/jsp/jordanfund/index.jsp every day.
The guy who has http://www.finoas.com/ is a friend of mine. He was in China with JF in August and he will also go there in September. Unfortunately, he writes very rarely about Siaf.
There are a number of Swedes who writes on IHUB and it's probably better to check what they write than trying to find my Swedish comments. Most of them have a different signature on IHUB so I don´t know them from the Swedish boards. The only one of the other Swedes that I know is Emilez. I have therefore difficult to comment on the other, but Emilez know a lot about Siaf and is worth reading.
Good luck!
You can download my recording
http://www.mediafire.com/?7qt3aqdfgvts4
I think Siaf will come to Sweden next year again.
JF will visit the company in September.
I will not write much in the U.S. message boards in the future.
To the extent that I participate in the debate, I will do it in Sweden instead.
At the presentation we received a large booklet so we could clearly see all the pictures that you can not see. Unfortunately I have no scanner otherwise I would have scanned it and posted on the web. Hopefully someone will connect with the company so that they put up a readable version.
SINO AGRO FOOD day-2 [2011-06-01 00:30]
SIAF had Monday-Tuesday 3 presentations here in Stockholm hosted by the JF. A total of almost 200 investors attended the meetings.
This typical growth company had very nice perspective we understood.
For 2010 we know that the earnings per share was undiluted 27 cents/share(but according to GAAP 16). Dividend will be 2 cents(payable 2011). For this running year 2011 the predictions are a undiluted profit/share of 55 cents (following GAAP-standard)(dividend 4 cents, payable 2012) and for 2012 1.11 cents (dividend 10 cents, payable 2012) and for 2013 a profit of (undiluted, but GAAP standard) 2.27/share. The underlying information material held very high standard and is easy to follow. Last years 4 profit centers will increase to 17 including new centers as sheep, prawns, asparagus and other. Both pure items and value added items.
The relationship with both Federal och local government bodies remail top class. There are no problems what so ever with energy and water.
It is hard to predict the share-value for the coming years but JF remains very positive for the coming 3 years, especially when passing the SEC-checkpoint to soon be a fully to SEC reportings company, THIS is the very important line - which JF thinks would be passed by the end of June 2011. To reach the main NASDAQ-4 USD-qualification level JF thinks this is resonable to achive within or before autumn 2012. This should give the company curage to apply for listing on the NASDAQ as fully reporting company at that time, then as a 300-350 USD million-market-cap-company. When this happens, the company´s shares ar available as investment targets for the involves institutional funds with interests in the food-industry and/or in the Chinese market - and these potential investors are many.
The presentation in Stockholm
http://www.mediafire.com/?7qt3aqdfgvts4
I am om My way home. I Will post the link later this evening.
I'm at the presentation now.
There is problem with train so i Will be late to the presention.
I have uploaded a version as a pdf file. If you use the zoom, you can read the text.
http://www.speedyshare.com/files/28736156/Siaf.pdf
I will record the presentation that starts later this day.
But I agree that communication is poor.
Yes, it is 2 cents per share.
The presentation that I will be attending starts in 3 hours,
I guess fully diluted.
Dividend
2011 2 cents
2012 4 cents
2013 8 cents
Earnings per share
2011 50-55 cents
2012 $1.10
2013 $2.25
This is fantastic!
By the way JF had their dinner and the presentation in the same building as the Nobel banquet!
Siaf is not allowed to provide new information about earnings estimates, etc. at a closed meeting in Sweden.
The forecast is 39 cents for 2011. EPS was 18 cents in q1.
The forecast for Q2-Q4 is 21 cents (39-18).
Siaf have never specified any forecast for each quarter.
I do not think there will be any major impact on the share price.
I would guess that perhaps 300 people in total sees the presentations.
Those who come are people who already have vast knowledge of Siaf and who probably already are shareholders. I do not think they will buy any large quantities of additional shares. JF will probably write a few lines on their website, but so much more attention that I do not think it will be. I do not think Siaf will send out a press release. But if there is a good presentation, I think my recording could affect the share price. It would not surprise me if over 500 people will download the recording.
Yes, I will post a link on this board on Wednesday.
I hope and believe that the sound quality is similar to CC.
If you and your "friends" had any evidence you would go short and then show the evidence to the whole world, just like Muddy Waters.
What is wrong with you?
You were guaranteed to make big gains.
Don´t you want to earn money?
I myself would never miss such a chance to earn easy money.
Sorry, you have no credibility.
"The reasons I am asking all these questions is that I have heard, from a friend who has a on-the-ground team, that the HU plantation acreage is not what the company claims. I don't know any more than that, my friend stopped his DD at that point AFAIK"
If you do not know more than that you should be quiet. It is quite another thing if you can prove that they are lying then you are more than welcome to submit everything. It is a very serious allegation. Unfortunately, it seems to be allowed to write just about anything in the U.S..
I have absolutely nothing against people who are critical. It's good for the debate with critical posts. Snow wrote critical comments, but he kept a good tone and never made unfounded allegations. Maybe it's because he comes from Norway.
But what you are doing is something totally different than being critical.Your sole purpose is to try to raise concern among shareholders. The end justifies the means.
I asked JF if there is danger of being forced to cancel the presentation because of the volcano in Iceland.
http://www.cnn.com/2011/WORLD/europe/05/24/iceland.volcano/index.html?hpt=T2
JF: Not likely so far. 4 / 5 of the gang flying over Russia, from China.
What is your purpose anyway?
Earlier you wrote nothing, but suddenly you're the one who writes the most and only negative.
No, theres is no sale from HU in Q2.
There is no harvest in q2!
"The harvesting period of HU Plants in Enping region is between middle of June to end of October each year, divided into
approximately 14 harvesting intervals during the period. During the harvesting period, HU plants naturally start to blossom with
green flowers the following day after a rain, and the green flowers must be harvested right away before they bloom into colorful
flowers, which are not marketable as vegetables".
From: <chad.sykes@sinoagrofood.com>
Date: 2011/5/23
Subject: Re: Asparagus
To:
No I do not, however management is putting together some data for us so that a formal presentation can be made.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Saturday, May 21, 2011 01:28 PM
To: 'chad.sykes'
Subject: Asparagus
Do you have any idea what price Siaf can get for the asparagus?
From Ihub:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63413292
Kind regards
"If I was a shareholder with a large stake and heard something like that, i'd look into it (verify land acreage with the county, interview some people around the area -- Maybe other farmers or competitors?). That kind of thing".
That is exactly what JF did during one week in August.
"Who has the email address for Peter"
phoijer@live.se
I think you should mail him if you still want to come to Stockholm.
There is no forcast for q2. The only forecast is 39 cents for 2011.
It´s not the same thing! The paid debts with shares.
The will still issue new shares 1.50 to finance investment.
I am pretty happy with the report. I was expecting much worse numbers.
I think that the next report will also be fairly weak, but after that there will probably be more fun to read the reports.
But everything depends on the progress of the Fishery and it's still a blank card.
Hopefully we can get some more details in Stockholm on the future.
I will record the presentation so that you Americans can take part of what is being said. The presentation that I will be attending is May 31 I will post my recording 1 June when the market is closed.
The reason for the delay is that a few years ago, I posted a recording immediately, and JF wasn´t happy. It costs a lot of money for JF to arrange these presentations and they do it primarily as a service to its members and wthey do not want everyone else to have this information before all members have been informed.
I'm not a member and never ask for permission before I record. I hope for understanding.
One of my recordings was mentioned in Swedish media last year. It was at a general meeting that I had recorded where it is subsequently proved that the management lied a lot. Here is a short passage from the article:
"In connection with the AGM in June asked shareholders how much money had actually come in from customers of the reason that it has been a while since the accounts receivable had been recorded.
On a direct question answered vice president Lennart Ericsson:
- A large proportion of them are paid ...
But despite the money then was about to float in from clients Hebi had big problems to cope with the daily operations.
Hebi explained the situation to most accounts receivable in the bottom is the "Letter of Credit (L / Cs) which means that banks primarily use the customer payments to cover Hebi RAWs loans."
But shareholders have continued to challenge the big growth in accounts receivable during the fall of 2008.
And now Lennart Ericsson not as crystal clear as he was during the AGM.
You said in summer 2009 that the majority of accounts receivable has been paid?
-No, I did not say, I said they should be paid, that some have paid in all cases.
You said that most have been paid. There is a recording of it.
- Well, yes it is possible. That was what I assumed, since these accounts receivable would be paid - usually. Now, they were not well then, now I have not the numbers in my head because I'm abroad. But the statement is true. When have not they paid the most. I started well from there".
After this, the company begins each meeting with the banning of recordings!
I would have played the last presentation, but also there was something wrong with my rechargeable batteries so I'll buy new ones before May 31
HU
On the conference call after q2 last year they said "$ 12 million on the revenue side and close to $ 8.4 million generated in gross profit in 2011".
At the last conference call, they said gross profit 4.7 million.
There is certainly great potential to exceed the forecast.
I usually watch the weather forecast for the area and so far it seems to have been good weather.
If I was as negative as you are, I would have sold everything.
But they write calendar days, not business days.
"be filed on or before the fifth calendar day following prescribed due date".
I hope that the report will be published on Monday.
I think it is today.
JF "Now it's a full house at Siaf (Sino Agro Food) presentation May 31".