I believe Mera’s point was that 5-10 earnings is a conservative PPS for stocks in general. Earnings for SIAF should be going up again, but for SIAF earnings doesn’t seem to affect the PPS much.
The 16$ value is less than book value, although we might see a revaluation of SJAP and our «left over aquaculture assets». Also, as soon as TRW has its financing (loan or pre-IPO we have the growth story which would dwarf the 16$ Mera talked about, cfr posts by TS and RD). Although if you’re conservative you might want to disregard that until TRW has it’s financing in place.
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.