I'm almost at the point where I say screw that divi alltogether. Yes it was something which distinguished SIAF from most of the other chinese small caps out there and for a considerable time the stock was valued a bit higher than the others but obviously this time has long passed and what should really happen if they don't pay that one cent divi anymore? We then trade at 0.5 2011 PE instead of 1? Who cares right.
The fact of the matter is that as Fernando said selling shares to pay debt at a PE of 1 for 2011 while you grow 100% is already ridiculous but doing that while you pay out a one cent divi is probably the wrong thing to do. IMO
Boosting the dividend would surely help or a special dividend
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