Sino Agro Food Inc (fka SIAF)

[ks1977]

Yes, SIAF still has great potential - the big joker is of course what the OS will be by the time they distribute.

Maybe we'll get a better/updated view on the fair value of TRW when they give us the "update" (targeting this month). However, from the Q1-report we know that SIAFs 36.6% stake in TRW generated income of 3.66MUSD in Q4/17 and 3.78MUSD in Q1/18. If that is representative then that means TRW has an income of 40MUSD/year (and should be increasing as RD probably is very well to give you some insight on). Assuming a P/E of 10 that should give us $4/TRW-share (or $2/SIAF-share with the current OS). If TRW gets the growth story going before listing a P/E should be very conservative (which The Swede has given some numbers to earlier), as well as TRWs income increasing.

We'll just have to cross our fingers and hope that we (soon) have seen the last of financial mismanagement.