YaSheng Group (HERB)

[Petrejus]

Not sure I agree with you regarding what SHOULD be the value of the dividend. I do understand you don’t want to sound like a crazy guy and assign a value of $25 to a 14-cent stock. But if we discuss the SHOULD be-value, well…

The plantations were worth $2,3B 2015, a value of $15/share seven-eight years ago

If we apply a YOY-growth of a modest 6% on only the value of the plantations, we get $3,5B. That is $22/share. On top of the plantations HERB also has a lot of other business areas. So, HERB could easily be worth more, probably at least $4B+ for all we know, $25/share.