Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Would like to see substance behind increased pps, like loan payback and return of collateral.
As long as they owe us a share dividend, they don't deserve to use the market for financing purposes. A low pps prohibits this
RD, are you a scientist or a mad scientist? :)
Talking about buying again like you regretly did in January.
I think this halleluja is unbeliable. Nothing has changed. They only filed something which should have been done last year. The company is still run by a retarded, repetitive dillution dinosaur who still owns us an explanation on what the shares are for.
.31 feels low, but I fear this optimism gives undeserved rise inn pps, with reduced pressure on the company to give something back.
This company has booked $8 mill in license fee for use of patended organic fertilizer receipt.
In a country where they copy absolutely everything they come across.
The cash licence fee equals nearly the market value of SIAF.
And now I am waiting for a loan at $100 mill, where SIAF's share is $36,6 mill. 3,5X market value.
The CSO is not familiar with aquaculture targets for 2018. Neither is he part of CA's contractual pursuits, according to himself. That's all handled by the retarded dinosaur CEO and his CFO in Ohio.
Happy Easter
How to develop a company:
1. Establish design after feasibility studies
2. Proof of design and consept
3. Demo and pilot projects
4. Scale-up
The MF should be scale-up. Still I get the impression that it's at R&D. And Tony don't know the targets but will experiment, but guessing for 2017 levels. Wasn't 2017 a transition year? We have the heater now. And the CEO is too busy to talk to him.
This is status after 25% of 2018 is gone. Did they ever produce 7.900 tons in 2016? Sounds dishonest.
The CEO is entitled 1.000.000 shares in compensation ($27.000.000 in board approved reported balance) + $365.000 cash. Yes, he must be happy.
Except that the statue in Guangdong will not be placed there by the shareholders, nor by the community.
Not to worry about that - The Mighty Solomon will fix that himself. Fidel Castro did so.
Snow, just dark sarcasm. Anyhow, todays increased o/s is not PR'd to Merkur. I think it's strange they don't do that.
Yea, the CEO did talk about a $20 mill buyback. Maybe it's around the corner.
maybe they have arranged a 100cent party where they will burn their youtube poster on the fire
During the month of May 2017, we intend to launch the amounts and ex-date of the Tri-Way share dividend. Once when we receive approval from the four mentioned regulators aiming to finalize the distribution within Q2 2017 by providing entry of allocated shares to benefit shareholder of record before hand.
This was before they discovered something called dividend tax and postponed it to 2018.
Wait, we are now in 2018. What the....!
their capex in 2017, I estimate at nearly $30 mill.
We now have a company trading at 50% of it's own capex. And within the $0,5 pps, we are planning to see a TRW spin-off at $2-3 dollars.
Still, the management chooses to print shares at these levels and spend capex at these valuation rate. It's facinating.
When this company invests (and increase balance) for i.e $30 dollars, the pps will today valuate that investment at $1.
At these rates only a madman does not pay cash dividends instead.
what is this golf trip about? Private arrangement by shareholders (airline guys?)?
did you ever succeed in calling him and verify this, empty?
I believe the filings are real, but would have been ok to have it confirmed by himself
New O/S at 32,409,443 (+ 143.014).
Forgot to tell Merkur. Well well, it's a mild day today.
Funny, Zero is claiming that you are not a private poster.
Where on earth does he get such ideas? :) :)
We have a couple of posters working very hard for a couple of months. Might be their job to buy back collateral shares before loan repayment in 12 days. If this is the case, it's very sick.
pho, I know you had good intensions. Still, when the going gets tough - some quit. This is the single indiviual who can professionalize RAS based prawn farming and give us value IMO.
On the other hand, there is a massive 98,5% doubt priced into the pps. I just looked at ravindran again: https://www.facebook.com/ravindran.colanukudurusundaram
He shares posts from the airline group - but not from official siaf site. You don't want to increase now, at least wait for hard evidence and proved positive action and rather pay some more at that point.
Director in Tri-Way, Mr Ravindran, is - according to one comment on his linkedin - a "man of Micro Management skills..."
By this I believe we do not need to add competency in Tri-Way, as Micro Management skills very accurately fits into the tiny size of the Tri-Way management team to lead.
But seriously Pho - please don't call Tony. I know you want clearity, but we absolutely not want to scare that guy away. Call the others instead.
If there suddenly is some good news, I guess we have had three buyers:
1. Joenatural
2. Zero
3. Garret
If the increased O/S has a plausible explanation, it would be nice if they shared.
But I see absolutely no COSO activity and no new Triway organization. The job postings someone shared I am not able to read.
New O/S again in the year of the dog.
Last: 31.923.747
Now: 32.251.429
Up a whopping 327.682 worth $165.000. ATM still paying out, wow. Still good money.
They say every dog has it's day. In the YEAR of the dog, I at least hope we get one single day.
Are they not allowed to update the web pages during F1 and loan process? Lack of PR's on siaf and Triway pages.
On Tri-way you stll get different management depending on if you click Investor Relation or Management. And if you do what they say you should do to see the BOD and click corporate governance, you get nada.
Looks professional. I will go all in here.
Peter, are you there?
if he still does work for siaf, he would logically have kept his siaf adress erik.ahl@sinoagrofood.com
Increased O/S again in the Year of The Dog!
O/S increased yesterday with 129.508 shares. The ATM in US and Oslo is still paying out. Must be my 75-Y birthday or something :) :)
A $600 mill in booked equity choses to dillute at $12 mill enterprise value (I calculated by deducting collateral first, because they "will be paid back and already have been previously")
Previous O/S: 31.794.239
Now: 31,923,747
Let's stay calm and remember the to-the-point New Year letter:
Think about it empty - has Dan even been to China? No wonder he is starting to mix prawn farms and fish farms.
All the CC's I've heard, it sounds like he is in the US and not sitting with Solomon. Still, he details loan process and "how the banks have been working in concert".
Was he ever part of a loan process?
Good point.
Thanks
And "Africa", like it's not a continent but at best a single country.
Mr Lee is even pissing off people in Kenya, Etiopia and Nigeria.
Congrats
The same company leaking AGM agenda with buyback+cash divi, printed and dumped for $1 mill yesterday it seems.
Don't wait for buyback or other friendly initiatives. Go and live life.
I will still be very LOW on posting. Already was before the initiative because our presence is giving SIAF cred which they still don't deserve and only EXPLOIT.
All the excuses. They don't even delete the A shsres, which they have no excuses to wait with.
O/S up to 31,794,239 yesterday. +0,2 mill shares.
Thanks SIAF.
welcome handla, lets go!
welcome phoenike,
They might not read the board, but they will notice the pps. And if shares which should not hit the market, are hitting the market (like today), they will get NO SUPPORT from us anymore and possibly exploit our good will.
IF they deliver, we will all meet up again on the board :)
Welcome ks, finally!!
The collateral will be returned, right? So a low pps will only effect any collateral sold, which the shouldn't be.
We have so many promises from 2017 broken, so lets see some results now before we cheer any more.
There is a mountain of absurdity in a company promoting fair farmer salaries, hydroponics for the environment, organic fertilizer, great goverment contacts - but does every thing possible to create rubbish corporate structure to avoid tax. Why not pay the damn tax and finance the country? Saving the planet and enrich farmers is good but tax is bad?
Roger out.