Sino Agro Food Inc (fka SIAF)

[The Swede]

The dark cloud over SIAF is and has always been the incapability to found it's growth with normal loans, so they have kept issuing shares to fund growth. The market has not appreciated this at all, rightfully so. The only way to show the market that the past is the past is to stop issue shares, buy back the collateral shares and buy back shares on the open market or from the shareholders, even the smallest amount counts, it's the gesture to buy back that counts. When you have erased this insecurity or the fear of SIAF issuing shares, we can start to look for normal valuation.

Giving dividends when SIAF still has issued shares to secure loans will not have the effect you hope for. Some will say that they are paying the dividend with issued shares, a very scamish behavior and a dividend can be very counterproductive that way.

When I started to invest in SIAF many years ago, SIAF was trading a normal valuation, PE 10 or whatever, then they started to pay dividends, and issuing shares and all of a sudden we where a PE1-2 company.

Some say that a dividend will give us a SP of $10, that is PE2 today, are you really happy with that, I'm not? Erase the past and we will have PE10-20, that is $50-$100...