Sino Agro Food Inc (fka SIAF)

[ks1977]

Actually, the most stupid idea is SIAF's policy that you referred to in your first post on ihub;

It is SIAF's overall purpose to generate healthy returns for its common stockholders. The Company generates strong cash flow before investments in its operations. The Board of Directors continuously evaluates the use of capital, whether for expansion, securing an acquisition, or distribution to shareholders. In that respect, the Company will distribute (a portion of) surplus cash to its shareholders unless it can be invested at a return on capital employed ("ROCE") above at least
20%. The distribution to shareholders can occur in the form of dividend payouts, share repurchases, or redemptions.

Correction; The idea isn't stupid, but the lack of follow-up from management is. The best use of capital would be whatever blocks the need to dilute at 2% of book.