Royal Institute of Technology
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up to 0,59 the down to 0,56
I change my guess to a close around 0,60 instead of 0,50 cent
Fredrik Danielsson
Knows what he is doing. Getting 10,5% convertible rate 5,5 years. Nice deal!
IF the stock is a ten bagger in 5-6 years. Then he buys for 1 dollar instead och 2-6 dollar.
IF not a ten bagger, he dont convert to stock á 1,00 usd.
Nice?
can i see bid/ask/last trade anywhere for free? Finance.yahoo.com have 15 minutes delay i think. Is it 15 minutes delay here as well?
How do i call from sweden from my cellphone?
Does it cost more than usual to call this CC?
I Have fixed cost in sweden, same every month. Dont want to pay more for this call, especially if i dont know how much more.
I think we will close above 50 cent. But not sure about 60-70 cent because earlier news like the news about the prawn farm in Zhongshan did not give what we expected on the market.
But i might be wrong, because this financing is what´ve been waiting for, for a long time. Its big, or at least at big beginning.
I have written a blog post, in swedish. But you can translate.
insert-text-here
The main thoughts is that Fredrik Danielsson with past experience from finance, seems like "the smart money", if he believes in SIAF and has study the company for 2 years. It creates more credibility to the companys. And credibility is something a small chineese company on a OTC:BB list is in great need of.
I thin i rather listen and follow this Fredrik Danielsson, and Nils-Erik Sandberg of the jordanfund, rather than listening to critics like this, joenatural (who is he?). But it might be some kind of problems in the SEC-fillings, due to differences between US and chineese structure of things. But the company seems to be a real corporation. Growing.
two more things left to solve, Cash flow positive, and listing on OMX Nasdaq.
When is the conversion of SIAF F into cahs/dividend?
Anyone have economic numbers for reveneue, earnings divided into the different areas like beef, fish and so on?
Is this matter fron news 29/4 about Form 8-K solved?
Non-Reliance on Previous Financials, Audits or Interim Review, Financial Sta
ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW
On April 29, 2013, Sino Agro Food, Inc. (the "Company"), determined, in connection with the preparation of Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 ("Amendment No. 1"), through its authorized officers, that it is likely that the Company would have to restate its financial statements for: (i) the fiscal quarters ended March 31, 2011, June 30, 2011 and September 30, 2011, and (ii) the fiscal year ended December 31, 2011 (as such financial statements appeared in the Company's Form 10-K filed with the Securities and Exchange Commission (the "Commission") on April 15, 2013) and that the foregoing financial statements should not be relied upon (collectively, the "Prior Financial Statements"). The Company has restated the financial statements for its fiscal year ended December 31, 2011, which are contained in Amendment No. 1.
Until the Company has either restated and reissued its Prior Financial Statements or determined that no such restatement and reissuance is warranted, investors, potential investors and other readers of the Company's filings with the Commission are cautioned not to rely on the Company's Prior Financial Statements included in the (i) Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011, September 30, 2011, March 31, 2012, June 30, 2012 and September 30, 2012 or the (ii) Annual Report on Form 10-K for fiscal year ended December 31, 2011. The new financial statements which should be relied upon are contained in Amendment No. 1 filed on the date hereof.
The Company incorrectly presented certain figures in its Statement of Cash Flows related to the disposition of its former subsidiary Hang Yu Tai Investment Limited ("HYT") in early 2011. While the complete changes are shown in Note 34 to the financial statements contained in Amendment No. 1, the Company understated the "Net cash provided by operating activities" by $1,378,093 and correspondingly overstated the "Effects on exchange rates on cash" by the same amount for the fiscal year ended December 31, 2011. However, the bottom line number, "Cash and cash equivalents at the end of the year - continuing operations," remains unchanged at $1,387,908. None of the Consolidated Balance Sheets, the Consolidated Statements of Income and Other Comprehensive Income or the Consolidated Statements of Shareholders' Equity for any period is or will be affected by the restatement related to the disposition of HYT.
[url][/url][tag]http://biz.yahoo.com/e/130429/siaf8-k.html[/tag]
The Bond financing is for 16.8 MUSD and as i understand only for "operations" for the rest of 2013
I would want to see a share repurchase program, to buy back shares at this bargain prices.
As Nils Erik Sandberg wrote earlier in a comment, that could be the best thing to do to gain profit for the Sharehoulders, us.
Hi Viking, yes 10 doubler should be managed as son as financing is in place and the dilution is being taken care of. I want the company to buy back shares at this cheap price if possible with a fininacing in place
Do you think SIAF is a 10 bagger in 2-5 years? Vote
http://hankman-pme.blogspot.se/2013/06/sino-agro-food-future-10-bagger.html
Hi about the meeting with Penser, i lack details but from with have read here understand that Penser is helping SIAF with Financing by giving out Debentures?/Corporate bonds? - To avoid Diluton.
Is that right, when is a pressrealese expected?
I have missed the SIAF-bull, from 0.5 to 0.7 in 1 day?
Just saw today, and wonder whats happened? Is it only that The Jordan Fund and other investors are visiting the company in China?
No new pressrealese from what i can see.
I need answers if someone has them. To tell in my blogg.
http://hankman-pme.blogspot.se/
I intend to blogg about SIAF and precious metals and energy.
The main companies except SIAF are Avion, Semafo and Aurcana.
One reason for this is that i lack easy available information about SIAF. There is some but its kind of widespread and really requires time do dig into. My ambition is to make it easier to follow the company, by gathering and summarize the purposive info about the company.
The blogg:
http://hankman-pme.blogspot.se/
A question for you Andrew26
Hi, i checked your profile and saw you have posted a lot about Chineese Growth stocks.
My question is if you could mention some other small quality Chineese comapnies positioned for high growth the following years ahed?
Best Regards!
Cant someone of the Swedes here with more money than me, invested in SIAF, and probably more time for stocks than me
compare SIAF with swedish companies like Trigon Agri, Feel god, Black earth Farming...
ok. Sorry, i have somekind of infection (Virus) so i missed that while reading....
Total numbers of Shares? NAV/share?
What is Current NAV? NAV/share?
All shares inklusive is? 90 Million public and 43 million at the management?
I think youre right about AMEX but wrong about swedens Nasdaq OMX
Partly because the different sizes and countries. SIAF wont drown among all the other companies on the Nasdaq OMX Sverige compared to AMEX.
Here in Sweden, we havefew higher valued Agri-Culture companies who have higher valuation and less profit ahead than SIAF.
I think Sweden is an excellent list for SIAF, to get proper valuation.
Add the fact of Sweden shareholders own about 50% of SIAF.
Whats the Financial SUmmary for 2012?
This is here on the page only for 2008
Company Financial Summary for 2008
Company financial information available on pinksheets.com. Numbers are un-audited and may change slightly, company currently undergoing audit for previous 3 years by Madsen and Associates, a PCAOB registered accounting firm (http://www.pcaob.org).
Total Revenue $14,466,609
Net Profit $4,984,318
Earnings Per Share $0.09
Total Assets $84,445,161
Total Liabilities $15,452,288
Net Assets $68,992,873
Book Value $1.30
Thans for the answer.
Hi everyone
Does anyone have information about future earnings, profit and so on?
I have read that The Jordan Fund expect profit of 0,68 USD per SIAF-Share for 2012 which gives us a P/E of about 0,67
But what about 2013?
And how about 2014?
The CEO and management of SIAF apparently expects the company to show god cash-flow and profit by 2014. But whats the numbers?
Does anyone have good future numbers of cash-flow, earnings and profit regarding 2013-2014?
/Henrik
Jag laddade ner appen investors hub från Android Market. Någonting fungerar uppenbarligen inte mtp alla ?-tecken.
Hej, tack f?r ett bra svar.
det finns en po?ng att vilja vara fri fr?n bankl?n.
men fri fr?n bankl?n ?r i detta fall inte skuldfri. jag ser det som ett st?rre r?n att ge aktier f?r 0,4 usd till l?ngivare isf att l?na av banken.
en beaunnerlig stil,? andra sidan ?r jag inte kines, inte uppvuxen d?r pch har inte ena varit d?r s? det finns s?kert goda bakomliggande f?rklaringar till solomons ovilja f?r bankl?n.
jag skulle g?rna vilja ta del av don Research s? mycket som m?jligt.
jag har haft siaf i ?ver ett ?r nu men har minskat ?ver tiden men ?kade rej?lt idag. ska man k?pa ?r det nog nu eller snart som det ?r guldl?ge.
otc BB lostningen s?v?l som vinstutvecklingen har f?rdr?jts rej?lt, men s?nt h?nder.
kapitalbristen ?r v?l mest oroande.
en ut?kad styrelse med icke kines vore bra att f? p? plats tillsammans med BB listan och bta siffror.
Hej,
Jag har äntligen blivit medlem i jf.
Vad jag förstår är du det sen gammalt, jag kommer ihåg dig från detta forum sen typ ett år sen eller mer, när jag skrev här senast.
Jag har några frågor. 2 bra kärnor.
1.) Varför köpte man tillbaka aktier för 1,20 usd, för att nu riskera att betala av skuldet till detta ironridge med aktier som värderas till 80% av marknadspriset vilket nu är 0,4 usd.
Köpa för 1,20 och sälja för 0,4 är inte MBA-nivå?
Jag antar att det beror på att man saknar pengar. Men man har väl gått med vinst, har allt återinvesterats, smart ja, men smartare än att betala lån med cash isf med aktier?
2.) Om värdet nu är ca 1,72 usd/aktie, varför försöker man inte nyttja det inom ledningen, antingen finansiera smart återköp eller att som privatperson öka bolagsägandet?
3.) Jag ser på denna sida en siffra på 1,3 usd företagsvärde 2008, vilket kan jämföras med 1,72 usd 2011, med alla fina siffror, borde inte ökningen vara större än 1.72-1,3 över ca 3 års tid.
Det är en underdrift att säga att det är rörigt att få en bra trovärdig helhetsbild av allt runt företaget. Jag kanske kan få del av mer material från jf:s besök på plats tidigare i år?
/agatonsaxable
Hi,
Whitch date were the stock from PP free on the exchange?
I read some months ago some one who adviced to wait from buying until shares from a private placement is free on the the market.
I have bought some but have been awating an opportunity that might not come; to buy more under 1.0 usd/share.
Im like the rest of you very surprised by the strenght of sino agros SP.
I would really apppreciate if someone could tell me 1. the amount of the PP-stocks and 2. the date it became/becomes free to sell
GLTA