Sino Agro Food Inc (fka SIAF)

[ks1977]

I would also argue that the value of this bonus is quite uncertain

Yes, better to ignore the potential bonus and take it as - well, a bonus I do like than they state that they open for a bonus though - it would give the PPS an additional bonus if CA starts ramping up as you pointed out

I find the following text more significant:
"It is the Company’s intention to carry-forward the cash dividend policy being implemented for FY2019 into its subsequent years of operation and will inform its investors as to its cash dividend policy for FY2020, FY2021, etc. as these years approach..."

Yes, this is significant. Unfortunately the market will not put too much into this (SIAF has intended a lot earlier) so I hope that SIAF will commit to the cash dividend policy for 2020 in Q4/18 or Q1/19 (if they wait till late 2019 then the market might have lost faith in this)

Also note that it is the "cash dividend policy being implemented for FY2019" that they intend for subsequent years. I.e also the 5% bonus? That would be nice - at some point the 5% will become significant (but maybe nothing for 2019, who knows)