This was how i experience the evening
Good feeling, overall
Solomon was calm, but sometimes little excited
Solomon was giving the history from start, how they in 2009...
I must say that Solomon have a really good talent to adapt to the market.
Sjap
Biggest problem to find human resources
They need about 80 000 people, and you can not only take people from the streets
Should be worth 1 billion dollar in 2017
The land prices are much more expensive now than when they was buying/leasing them.
Estimating 300 000 heads at 2017
I got the feeling that he are going to get little help with this one, maybe a partnership but I don't know.
He is aiming to have premium meat like the kobe, the more expensive the more people want it.
It will take 3 years to get to that high standards.
Spin-off probably in 2017, when the timing is good
The Tesco deal is like a demo, we will probably see Siaf in a lot more shops in the future.
HU
If Solomon got a bid that he couldn't refuse he will sell, but it is doing alright now and they have been planting more immortal vegetables that is doing great.
Distribution center
They have a machine that will frose the meat fast and send it to the distribution centers that will defrost the meat very fast with some static electricity in a way, and then hold it at 0 degrees from the center to the stores. Fresh meat!
As he was saying att the CC, the distribution center now is a demo, they will also do some e-marketing from now on.
Madagascar
They have really good relationship with the people in Madagascar, they have been fair with prices and are now getting to buy a lot of sheeps as well.
Mega farm
its a prawn farm, but on 50 % they can grow diffrent types of prawns and the other 50 % eels or other strange fish.
They are adapting to the market.
The sooner they get this thing started, the sooner we will see som big $.
They are doing the best to hurry up things around the MF.
I'm guessing they will grow a lot of eels..
Total 2-3000 tons next year
Me like!
The listing
He didn't talked about when or specific where but he talked about stockholm and nasdaq. They are working on it and we will get it eventually.
He looked calm.
Restaurants
Will get a listing as well in the future
Cash flow
CF positive will notice in the Q1 report2015
Taxes,
no tax before things are passing the abattoir, then 7 % production tax and then ordinary tax
Dividends
Paying the f-share next year and we will probably get the same policy that we had before in the late 2015.
Financing
They are working to get more money
I'll guess it's for the Mega farm, and I really hope that some of the money will go to some buybacks
Don't remember more now..
