Mera; 10ish months ago I wrote here that they could issue a PR about a cash dividend with a payment 6ish months later (I don't remember the exact details about what I wrote, but it was inspired by my experience with the Ekornes-dividend). This is basically what they have done now. Sorry to hear that you think what they have done now was not a good move
Also keep in mind that the cash dividend they now are planning on paying is more or less the same amount that SIAF repaid Solomon in H1/17! I.e they could easily have done this one year ago if they wanted to. And it's not like they can try to use the excuse that they didn't realise that the PPS could go down either... It is true that we don't know the circumstances, but I don't see any reason to defend incompetence just because we don't have all the details.
So boring to read all the good advice from posters!
If Solomon stops to make MAJOR mistakes then the good advice from posters will be reduced. Then we would also avoid the boring posts that defends Solomon no matter what and that SIAF is a good buy no matter the PPS or the risks or what the PPS will be tomorrow...
Try to see what they are doing! See the opportunity!
That's why my account is down 85% However, it is good news that they finally came up with a cash dividend policy (and it is good that they also give the policy for next year as well + state that they intend to continue). I'm not planning on selling my shares, but the risk is way higher than it was (supposed to be) one year ago and I can't tolerate the endless dilution at fractions of fractions of book.
AI
