Sino Agro Food Inc (fka SIAF)

[RealDutch]

I guess it is 12 month average that is counted for in the average number of shares outstanding.

They will use the average O/S during Q1

"As of November 7, 2014, there were 168,128,043 shares of our common stock issued and outstanding." Or 16.98M post split

"There were 18,069,412 shares of common stock outstanding as of March 27, 2015."

So the average in Q1 should be close to... 17.6M shares
Still have to add 7M/9.9 B-shares = 0.70M shares
So the fully diluted share count for Q1 = 18.3M

One year ago they used 15.2M fully diluted.
So we need at least 20% revenue/earnings growth to beat last year's EPS number.

I expect revenue to come in between 100M and 130M. It really depends on how many eels they sold. If we use the midpoind of 115M then we get 115/90.9 = 26.5% revenue growth. So, with a bit of luck we will beat last year's EPS number.