Sino Agro Food Inc (fka SIAF)

[snow]

The Norwegian "I would much rather see all shares delivered back and O/S reduced to 25 million or less, than a minimum share dividend which is so small it only puts a floor at 30c." I am not able to see that this comparison makes any sense. Of course it would be nice if the OS was reduced by almost 50%. This can only be done in a world of make-believe I think. It would take a lot of time and money to buy back 17 million shares in the market. SIAF does not have the money to do that.

But I agree that there is not much point in "promising" a dividend that puts a floor at 30 cents. When the "promised" cash dividend has not resulted in a higher pps one reason is probably that the market is not convined that this cash dividend is an assured thing. Based on what has happened in the past I understand the scepticism of the market in this respect. The cash dividend should have been quarterly and at least 5 cents per quarter. I don't think that will happen as long as Solomon rules.