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Let me tell you my story:
I bought SIAF @4 USD for a decent portion of my net worth in 2016 and sold just above 1 USD to put it into Aura minerals and Gran Colombia Gold. Needless to say it was a painful experience, since I way oversized my position and did not stop losses since I believed the deeper the share price goes, the more attractive the share gets.
I always looked for another entry into SIAF, but two days ago I watched this documentary The China Hustle and this was eye opening. I always knew about the scam that was involved in this space and always believed SIAF was not a part of this. But this one line in this documentary about the dilution that the company used to stay alive hit me. Immediately SIAF came into my mind, this is exactly what SIAF did the entire years. And how could I possibly judge that SIAF is honest with the accounting even I never even saw the operations by myself?
And as the documentary shows some companies made shows just for Investors.
If nothing else just watch this documentary, what you make of it is your decision. My decision has been made, I will never touch stock again. If it’s not a fraud, good for the investors. But it more and more smells like it.
What is wrong with this stock? Why isn't management buying all the shares they can get at these prices? If I would manage a legit company and the stock price would be that depressed, I would buy all I can get!
Also last year they announced to hold a shareholders meeting in December discussing dividends and buybacks, what happened to that?
I would love to hear from TheSwede, you seem to be really knowledgeable about this company.
This stock will make you very rich if you you got enough patience and balls, because we might go to 0,30$ before we get to 300$. I am ready.
most of it is cantonese, so I don't understand. The people who speak mandarin just talk about the product being safe and healthy because of the technology SIAF is using.
This stock is crazy. I am invested in some <10mio market cap junior mining stocks, which are by its nature volatile, but this stock tops it all.
Yes, 100$ fair price is definitely more accurate than 10$ fair price. But you have to add the huge discount for Chinese OTC companies (I think legitimate companies like SORL and SIAF should be traded at a premium to western companies, but that's another topic.).
If we can get to the current valuation of SORL, which is P/E 6 PB 1 we would be around 30$ right now, which is a ten bagger. Even though SORL is a good company with decent growth, it nowhere has the growth prospects of SIAF, so SIAF in theory should trade at a decent premium to SORL.
Well everything is cyclic, so there will come a time, when SIAF will not only trade at a fair price, but overshoot it substantially. Till then I think it's highly likely we could get a lot more pain on the way to the gain. I hope the new buyers can keep their positive attitude during that timeframe :)
Since you asked about 6 months specifically, that I can tell you: It should be around tree fiddy in the next 6 months.
Realistically it's worth about 30$ at the moment. Will it go there? Probably not.
Look at SORL and you will see where we could go in the short to mid-term, but I got a feeling that the general market conditions worldwide will worsen a lot over the next few months/years and we might get an even greater buying opportunity, since in that case I expect SIAF to get hit substantially. Time will tell. Nonetheless it's the best value you will find and for me it's worth waiting for another 5-10 years and keep on buying after sell offs.
Great Marshal Solomon enriched us the 3rd day in a row. I would like to express my deep and profound gratitude to the Supreme Leader. May you bless us with more good fortune from now on!
Great Marshal Solomon will lead all who follow him to great prosperity. 5% is a good start, thank you Marshal!
The only thing that is holding me back to buy even more is the concern why management is not buying stocks at these levels. Would love to get an answer by the swede, since you seem really knowledgeable about this company.
I bought most of the prawns last year. Hope that makes you feel better. Sleep well.
This stock is a no brainer buy.
Great cash flow, great technology, great market to be in, weak competition, great vision, incredible cheap valuation.
Supreme Marshal Solomon will lead this stock to new highs in the coming 20 years.
Can it go into pennies again till then? Possibly.
Will I stay on the sideline to watch the train leave without me? No way!
One more thing. I lived in China for 15 years, speak Chinese fluently and researched most of the cheap China small caps using Chinese web. SORL is the only one, that actually is the kind of company it pretends to be, but right now is too expensive. I will buy it, if it goes to new lows in the coming years. Can't find much about SIAF in the Chinese web, but I am very confident in it too, having researched if for quite a while. The other China small caps traded in the USA are trash. China Ceramics doesn't even provide a Chinese Website, where someone could find the Chinese name to research.
Can you imagine any American company only having a Chinese website? And would you invest in that company?
Oh and don't put your money into more Chinasmallcaps, if you'll need profits till 2018. Market conditions will get much worse till then, if you think some of these stocks are cheap now, you should watch 2018-2021. Oh boy, pain ahead.
Everybody knows that if you need to double, quadruple or potentially 6x your money till 2018 Gold Junior Minning Stocks are a safe bet. GDXJ is your ticket then.
SIAF might double till then, but it's far away from a sure thing. Good luck!
How do I know when we are in an uptrend?
I believe you.
I have no clue what you guys are talking about, but I know this:
Here we got a profitable company in the right market with massive growth opportunities, since the competition is incredible weak and the market is indeed growing at a rapid speed and the P/E is less than 2. I am loading up my shares amount several times a month and want to thank all of the sellers for their great support. Thank you, it really means much to me.
Hi,
I really like, that such a small stock got a lot of discussion going. I am fairly new to investing and I learn more and more about balance sheets, but I am still confused by many numbers and terms that are used here. Hope someone could help me out, since I really like the idea of the Zhongshan project and would love to learn more about it:
If SIAF does not get the loan they need, would they be able to slowly finance the project by themselves with current cash flow?
Is it right, that they used most of their cash in recent years and now got more debt than cash?
How much loan/cash do they need for the different phases of the Zhongshan Farm?
In case of a global economic downturn getting a loan should be more difficult? But since they produce noncyclical Food, they still should be able to produce positive cash flow and survive, or are most small companies doomed, if things get really ugly?
Glad to join the conversation.