Sino Agro Food Inc (fka SIAF)

[RealDutch]

Mr Lee said in Stockholm in April that he anticipated the first subsidiary to be worth about $250M

Mr. Solomon Lee talks nonsense most of the time.

From 10Q
"Management is projecting a five-year plan from year 2013 onward summarized as follows: To generate annual sales revenue up to RMB 485 million per year"

That's $77M in revenue in 2018.
Let's assume $30M in 2013
Using 20% margin that's a $6M net profit.
P/E=10 makes it a $60M company.
They can only spin-off 30% of the 45% they own.
.3 x .45 x 60 = $8.1M
Pay out half to shareholders = $4M
Divided by 140M shares = $0.03 per share.
Negligent, and the market will ignore it.
Solomon loses again.
What a surprise.