Sino Agro Food Inc (fka SIAF)

[ks1977]

20c for Q2 at least

Nope, you're ignoring the heavy increase in OS... Profits will be more or less the same according to the CC (finally some sort of forecast for RD), maybe some minor increase (mainly from TRW?), but the OS has increased a lot...

EPS in Q1 was calculated from an average of 30.7 million shares. Assuming the OS will not increase more from its 40.3 million shares we'll have an average of 36.8 million shares (33.2 million entering Q2 and 40.3 exiting Q2) which gives an EPS of 0.14 if profits are the same. Your suggestion of an EPS of 20 cents implies that profits have to increase to 7.4MUSD, up from 5.1MUSD, i.e an increase of 44% in profits QoQ... (assuming the 55 cents batch is over with now)

Still assuming that we have no more dilution, we'll face a further decrease in EPS for Q3 as well, bringing EPS down to 0.13 - assuming profits remaining the same (using 40.3 million shares as average for Q3).

Unless TRW gets financing (loan and/or pre-IPO) or CA gets a deal abroad, we're looking at a decreasing EPS QoQ for the next five months (report-wise that is, since the Q3-report is due mid-November).

We really need to get the (tax-free part of the) TRW-dividend going.