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Zero, you have posted + 2 200 posts about a SIAF. Yet, you haven't figured out that SIAF is a US GAAP reporting company, not IFRS. Have you ever read a financial report released by the company?
Yes, seems that we are through the 55 cents dilution, hence we should start moving north. Minimum 15 cents in cash dividends within 18 months, potential x-date for Trw in the Q2 report, updated memo from Tony regarding all the Aqua farms, and favourable macro conditions for RAS should be enough the to get this thing moving.
Further, when we least expect it, we might get news on financing.
Ok, so now we can trust the filings again? May I suggest that you re-read your old postings. You will have good fun!
You are right. Tony said that he'll try to release info in June, videos included.
Of course management are aware of the the stock will collapse again if they fail to pay out the dividends on time. If they weren't aware already, we can be sure that Garret let them understood. They have the cash flow. It's all about to balance things. In cash, it's not a very high amount that will be paid out every 6 months but the dividend yield is very high due to the low share price.
You either declare a dividend and pay it out within stipulated time or you wait to declare a dividend. The F-share was a big failure that pissed shareholders off. The company had to answer embarrassing questions regarding when they would pay it and it didn't result into an increase in SP even though the dividend yield was pretty high.
The key with dividends is that they need to be consistent and reliable. That's why I love that they also declared dividends for FY 19.
Didn't Tony say that they'll release information regarding all farms in June?
As long as we receive a minimum 10 cent per year I find it worth waiting given the dividend yield. So for me, dividends are the key when we are trading at these levels. Aqua farms 1-3 are making progress all the time and are generating strong and increasing profits. When we least expect it they mig solve problems at Aqua farm 4 or obtain financing or release x-date for the stock distribution. Any of these should make us rally several hundred percent. During the meantime, we can collect high cash dividends.
Very enjoying with the lack of cash management and increase in O/S.
Also heard total 2 million for FY18 and FY19.
What about ODRAS third generation? Strong margins and high ROI.
3.70 lol. To bad there are not many shares for sales at these levels.
Pls ignore my posts today. Obviously to much bear in the sun. Yes, it's 5%.
Yes, you're right. We might need to wait another year to gain minimum 5 cents extra in addition to the promised 10 cent. However, we'll most likely get more than 10 cent in cash dividends FY19.
Yes, it's also in the reports.
Basically, we should be trading around 1$ with a 15% cash dividend yield FY19. We also have an "option" if Tri-way receives financing. If (a big if) that happens, net income will explode and Tri-way will be able to pay back debt to Siaf and our dividends will be way higher.
Actually, this is the baseline. If they don't obtain funding, I expect them to generate around USD 22.5 m net income for FY19. According to the dividend policy they will in addition to the 10 cent, distribute 20% of the amount exceeding USD 20m of net income. This should give us minimum 5 cent extra per share.
Could be more if we get the collateral shares back FY19.
Actually, this is the baseline. If they don't obtain funding, I expect them to generate around USD 22.5 m net income for FY19. According to the dividend policy they will in addition to the 10 cent, distribute 20% of the amount exceeding USD 20m of net income. This should give us minimum 5 cent extra per share.
Could be more if we get the collateral shares back FY19.
Yes, 24% dividend yield with plan B plus growth. Seems like they starting to get it together. Good call without empty promises.
No doubt it has collapsed. That's why you will get almost 50% back in dividends within 19 months if you buy now.
You will also get growth and potential Triway shares in Hong Kong if they could just get a few things right for once. FY20 target 3 times book at the main list.
I find it absurd that some posters think the stock will decrease heavily if we don't get any material news on the conf.call.
Let's agree to disagree then. I just can't see them fail paying out those tiny amounts. If the stock collapse without bad news I will increase my holdings with 100% (hold 50k now). The current dilution is way discounted btw and also anti dilutive since it's settle at 55 cent.
Snow pls. 5 cent to be paid out in H2 FY18. 5 cent to be paid out in H1 FY19. 5 cent to be paid out in H2 FY19. Minimum 15 cent within 19 months. Closed around 35 cent at OTC. Pretty good pay back.
We don't need to hit any trigger in order to regain some lost territory.
Strong bid side on Oslo. Up 12.54%. Few shares for sale.
According to the most recent communication, Tri-way's Capex is limited to some percentage of free cash flow. Since Tri-way is expanding operations, we can assume to not all profits are tied up in working capital.
Well, we gained some yesterday as well. We'll also get some updates during the conference call next week which could drive us higher North.
RD, could we expect EPS 80 cent as a baseline for FY18? I assume we will have some growth each quarter.
Of course much more if Tri-Way close financing.
Yes, they should have done it sooner. Nevertheless, the did it.
Very nice to watch Triw-way improve even without financing. Should increase the probability to finally close the financing package.
We have to give them credit for finally listening to shareholders.
1. They provided detailed information regarding the shares that were issued during Q1 and April.
2. They announced dividends.
These were two very important things imo.
Yes. No credibility left regarding the Tri-way distribution. Just give us the shares....
"To date, an option allowing for an almost tax-free burden to the Company appears to have materialised while still providing shareholders an 18.3 distribution of Tri-ways fair market value"
Hard to argue that it's a bad thing that he lent out (interest free) some of his own money to the "scam company" as some posters here keep claiming.
Siaf inventory of live cattle has increased from USD 5.9k Dec 31 2017 to USD 9.4k March 31 2018.
Hopefully this will generate some nice high margin sales of AYC at MEIJI during Q2.
The item due to a director has increased to USD 437k. KS and Emiliez, this one for you....
Off course I noticed that.
Think you conclude it pretty well: "I haven't had any hard evidence...)" The message that you endorsed also lack of any hard evidence.
Ok. I'm trying to be rational here. There have been several site visits, third parties advisors from Hong Kong working with the pre IPO, audits etc. Please provide me with some substance to your worst fear. Otherwise, I think your fear is based on that we trading just a little higher than 1% of book.
Yes, the savage one has mad many misstakes but this I just silly. Please...
Siaf only had 75% of aqua farm 1 (fish farm 1). Much less in the other farms. So no value is taken away from Siaf as you indicate.
Again, I would also like to know more about the other partners.
Please read note 25 (i) in the 10k. As a part of the restructuring of the ECAB, Siaf agreed to issue 5 196 333 shares to ECAB. The recent dilution is due to this. Confirmed by RDs calculation, the information in the 10k and information from the company that the increase in O/S was due to settle "other payables".
Yes, something like that.
Personally I think Solomon would rather lend out his own money (as he did in the past) than create additional, unnecessary dilution these days. Everyone I have spoken to/ emailing puts a lot of pressure at him.
Good find. Think we'll get this confirmed during the conf.call and the Q1. Hopefully this is the last dilution in addition to if Garret converts some.
Hi Aqua,
I see what you are looking for and would also like to know more about the other owners. However, please keep in mind that Siaf has never claimed to own 100% of Aqua farm 1-3 in the past. These farms are now 100% owned by Triway. These farms have generated huge operational cash flows in the past that Solomon unfortunately wasted on the abattoir and HSA.
I'm looking forward to the conference call. The dilution that has occurred will be one of the main topics. The patience among large owners is over. Solomon knows this.
It's all about Triway now.