Late in May 2014 we have recently received the results for 2013. EPS for 2013 should be around $1,40. Q1 -14 is also showing continued and strong growth.
The company has been listed a little more than a year at First North in Stockholm.
First North provided access to a larger and friendly investor base that showed more confidence in a fast growing Chinese food producer than the more suspicious Americans had done previously. This was reflected in the SP that rose steadily to +$2 which entitled to a listing at Amex as well.
Swedish investors have opened their eyes to discover a company that is paying dividends on an annual and regular basis, growing in a tremendous pace, has stopped the previous equity financing dilution by signing a bond offering with a Swedish bank, is getting "cash rich" and discussing plans to start a buy back program of shares.
And American and international investor are joining in. The Amex listing is providing access to the largest possible investor base, being a part of the largest stock exchange group in the world; NYSE Euronext.
In addition to this, the company is also communicating its plans to IPO one subsidiary every year during the coming ten years on Asian stock exchanges to make all the underlying values in the holding company as visible as possible, thus enhancing the value to a maximum. The shareholders will receive very generous dividends from the IPOs in addition to the regular annual dividend from operations.
As the company is not showing any signs of a slowing growth the coming two to three years, a p/e of 12 must be considered as a bad joke in this context.
However, that would mean going from $0,66 to $17 in 19 months (averaging an SP rise of $0,86/month) which does not seem probable. We may also need to consider that there may be delays in some areas.
Based on these very optimistic projections, my vote is on C: 8-12.
