Sino Agro Food Inc (fka SIAF)

[HighYield1]

Finvestor, very good post. The main problem as I see it, is that capital is allocated to business areas that do not give the best return, and liquidity planning is not a word Solomon knows the meaning of. I had hoped that the new CFO could get things done, but it seems as though he is not allowed to what is needed. My table over capital employed and return on capital employed clearly illustrates the problem. It is the responsibility of the Board to steer Solomon in the right direction. Do we have the right BOD?

[/Capital employed MUSD 9M 2015 6m 2015 2014 2013

APWAM (SJAP) 185 168 118 74
SIAF 72 79 40 13
Capital Award (Fishery) 98 95 129 77
Tri-way (holding Comp FF1) 33 23 31 19
Meji CF1 32 31 38 32
Meji, JHST plantation 58 55 52 49
HSA 105 108 80 73
Group 583 560 480 337

ROCE 9M 2015 6m 2015 2014 2013
APWAM (SJAP) 14 % 23 % 28 % 32 %
SIAF 13 % 12 % 35 % 69 %
Capital Award (Fishery) 47 % 44 % 43 % 48 %
Tri-way (holding Comp FF1) 22 % 31 % 32 % 32 %
Meji CF1 2 % 7 % 5 % 22 %
Meji, JHST plantation 16 % 5 % 12 % 24 %
HSA 6 % 4 % 10 % 5 %
Group 20 % 20 % 26 % 29 %
quote]