I thought that any distribution to shareholders from a spin out would be a special one time dividend. So if the first spin out occurred in 2014, it could be distributed in 2014. Is this untrue? Rather would half the cash from the IPO in 2014 be paid in late 2015, like the dividend? Has the company made this clear?
Regardless, if they spin out and IPO 30% of a subsidiary valued at $250M in Hong Kong, half that cash received would equal $37.5M, or $.375 per share, or less.
This policy is the SIAF holy grail, as it adds huge value because of, but also more so beyond the dividend.
Don't see how you get to $.90, not that I'd complain.
Maybe $.50, $.60?
