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That's only on paper
In real life there's no trucks at shipping&receiving, no customers seen, no harvests, etc.
No PPS rising, no shareholder value increased.
They print and sell shares at 1/70 of the book value IN REAL LIFE. It is very hard to believe the cash flows, profits and assets after that.
I have said i don't even read their reports even though i actually read the last one. Reading and "understanding" their reports has not been a way to financial success. Looking cynically at the real life actions has been much better way to understand the company as an investment.
They escape responsibilities to shareholders and are deeply troubled financially. And that is a long time trend.
Heavy losses and the main thing here is not to get diverted to talk about other stocks when the impossible numbers of Siaf are pointed out...
Siaf is the king of P/B and P/E and that's how it's sold to people. With their claimed assets and profits being real they wouldn't need to print a single share and they would get big bank loans as well.
But of course if they are not real...
Your predict wrong, your logic is flawed. Siaf is not even claiming to pay bills, it's "capex building" to another company and whatever, it's all so shady. Plus they fail at their main locations miserably in what should be their core capability.
No harvests, no money, no bank relations, heavy dilution..
...but they have 790 million assets and thriving business?
Come on, this is not even demanding logic, very basic and obvious.
To me his actions seem logical.
Assuming there is really 790 million dollars assets and thriving business. Then all the actions are totally crazy. Make no sense at all.
Assume that there's no real assets or business... ..and everything he does is pretty logical.
You either believe in logic.
Or you believe against evidence, markets beliefs and common sense that there is huge assets and big business. And everything is so very weird.
To me everything makes sense.
Find the most knowledgeable guy about investing you can get contact to. Not from this forum of course.
Then tell him:
I have found a P/B 0,0158 agricultural company from China. They claim 790 million dollars assets, but print and sell their stock at 70 times cheaper than the claimed book value. Management doesn't buy the stock.
They had some bad loans and do not sell side-business assets for some reason.
Do you think it's likely just a rough patch and most of the assets are real and just the market is wrong?
----------------
You know what i answer, you know what RD answers.
Better ask elsewhere to get some perspective.
Detailed explanations from 10 dollars to 30 cents.
=D
That is exactly what they have been doing.
Consider the possibility of 0 dollars and while claiming something else artificially building market value for TRW that is just hot air.
Plus by claiming to pay to TRW they can use it as an excuse why they can't pay to shareholders or as an excuse why they are broke.
This time i read their report!
I needed to know something and i got the answer.
Siaf market value: 12.51 million dollars
Siaf cow dung fertilizer inventory value: 12.6 million dollars.
Awesome, they still have more cow dung inventory than market value, yet another reason to invest! =D
But on the other hand it's quite unbelievable. Now if somebody lies about one thing, doesn't it mean that they probably lie about many other things as well?
Reported total assets were at over 790 million dollars. At 12,51 million market value that is the new world record P/B 0,0158. LOL
Do you think that the market is wrong and this misunderstood chinese guy with bad bank relations has actually created the best company in the world to invest in?
Or could it be that the market is right and this chinese guy with bad bank relations is fooling you?
Hmmm.... =D
Dividend announcement policy or dividend policy? =D
I actually read the report this time.
It says "For year 2018: $0.05 / share to be declared and payable during Q4 2018, ex-dividend and payment dates to be determined."
Now if you plan to PAY dividend during Q4 you declare it 2-3 months before payment. Declaration will have payment amount and date.
Siaf is doing completely own style "dividend announcement policy" it's not declaration, it's just an intention to try to most probably....
Basically all that it is is that it's not a declared dividend. And they have no date in mind, obviously as late as possible will come a declaration(!)... ...maybe... payable Q4 but we can't declare it... ..and have no date...
=D
P/E 0.08 new world record? =D
Just checked finance yahoo.
Amazing that a 75+ years old chinese guy with bad bank relations and in the middle of dilution could create this best company in the world! Imagine if the prawns would have grown, it would probably be P/E 0.008.
So believable. =D
The question will always be whose facts...
Anyway you stepped up and got my respect so yes I will adjust my behavior accordingly.
That is fine and fair yes.
I can't trust them but if you can afterwards prove it was paid out before that date then it's ok.
Great! Let's do this.
Dididend must be on shareholders accounts by 31.12.2018.
We can't rely on their word.
Since it's only 5 cents no other options.
Either to the full or not.
Bet is on!
Of course i will pay. I'm not Siaf, I'm honest person. I expect you to pay too if you lose.
I pay you 1000 euros if you get 10 cents dividend this year as they promised.
You pay me 1000 euros if you don't.
In case of less dividend all risk is mine. 1 cent dividend i pay you 100 euros, 5 cents i pay you 500 euros. Got the idea?
Bet or not?
They should be sued for dividend lie.
Not only betraying shareholders but manipulating share price.
Complete dishonesty.
They dilute as they please, it's a scam. Being a "fact police" about a scam companies wrong doings is just silly.
It's a busted scam. They need to adjust down because nobody believes their P/B 0,02 lies. They should have sold most of the other businesses long time ago and got a lot of money but all the assets are fake. Instead of selling assets they just keep diluting and getting smaller. The assets just vanish.
Keep on dreaming, a scam is a scam. This is the last stock in the world I would buy. =D
Of course there will be liabilities, they have no business and no money. They have to make excuses why the money (they don't have really) escapes from you shareholders. Enjoy the ride.
Yes things will change soon. For the worse LOL.
I think this kind of very positive Q report about nothing deserves very heavy dilution in the coming weeks. Solly did good. Let him dilute come on. He is a very nice old man. =D
Why not pay him for the privilege being Siaf share holder. You are almost rich anyway. =D
They won't pay dividend, it's a trick to keep the share price from plummeting.
They have no income apart from selling shares.
Dilution is the opposite of dividend and they are in desperate need of loan and broke. That kind of company shouldn't pay dividend even if they could. And it's very hard to think how they could.
There was no TRW dividend either.
It's not like they haven't let shareholders down before, lying is not a big problem for them.
Dilution will pull it under $0,20 before year's end easily. It would be there already without the fake dividend announcement. When the dividend doesn't come and dilution gets worse and worse the inevitable will happen. The share is worthless from business point of view, it's only about trading and scamming with a worthless stock. But everybody doesn't know and some are dishonest.
Considering they are worthless, they are doing ok job.
Fake dividend news and constant manipulation of the share price in OTC keeps it alive somehow.
Less than 100 euros worth sold today =D and it's up almost 5%.
They really focus on this manipulation and it works to some extent.
But of course it is inevitable that it will go towards $0,00. Just a bit slower that the reality calls for but I remember you said these things take time before reality really catches the share price.
That's a new low in scam marketing.
No level headed people have Siaf stock. The company is incompetent, dishonest, diluting machine that is broke and is living on selling shares which is same as stealing from shareholders.
And you think you are seeing one now? =D
I think 31.12. we will see a 17 cents company that did not pay 10 cent dividend but instead got caught with a big lie.
$0,10 dividend (minus taxes) this year in your account = i pay full amount.
0,01 = i pay 100, 0,05 i pay 500.
0,00 you pay 1000.
That's the bet.
Seems to be even more money for others, since nobody is taking my bet.
Or perhaps you know as well that there isn't going to be dividend this year?
Key words "in my world".
At the end of this year we will see once again what happened in the *real world*.
1000 euros bet. No dividend this year on Siaf owners account. Who wants to bet?
Siaf lost already, hence the dilution.
They have no business, no clients, no competence, no bank relations, no money.
What you do? You can print stock and sell them.
Spin-off maybe. That's what they CAN do "for shareholders". Endless corporate structure smokescreen to deviate shareholders from the fact that they have no business, no customers, no bank relations, no assets, no competence, no money, only toxic loans.
Cash dividend was just fake announcement to keep stock printing and selling alive. Absolute no to that.
And cash they don't have for sure. Only what they get from printing and selling stocks.
Asset-sale? They don't have assets, they would have sold already if they had.
Garret impersonator you mean?
I think he is about to appear soon. Tough times require decisive scamming to keep you in.
Of course everybody sells. Print -> Sell.
Don't think someone with connections to the printing machine at Siaf doesn't know how to make money with it.
That's the whole idea to buy cheap and sell fast.
And don't fall for the Garret impersonators stories here LOL.
Yesterday down 10% because of dilution 400 000 shares sold. Real. Today up 10% because manipulated by sellers with 1100 shares sales. 300 dollars. =D So obvious. Tomorrow they try to sell down from today's high.
It's just a game of stalling the evident.
And making money with the dilution stocks.
Quite disgusting really, i have no idea why you want to play that team.
Edit: oops it went up almost 8000 shares traded. That's about how much..? Nothing still? Manipulation.
I have been completely right, but you think I'm wrong.
You got to be street smart and look what kind of guy is running Siaf. Can't compare that with serious nordic business people. Legislation and rules so different in China, scamming is far easier and so common. Especially in agriculture field. And the dilution is a huge red flag. And so many others. You can't really explain the dilution unless you see it as I see it. I think you got a sour apple here. Keep your bets low enough and sell while ahead. Long term with dilution and their history is obvious.