SINO AGRO FOOD announced tonight in the release of the final dividend announcement for 2011 will be 3.4 cents, or 8% of net profit / share for 2011. 2.4 percent have already settled in september to shareholders in the form of F shares (= you get 2.4 cents in May 2014), now the remaining cents = total 3.4 cents. In september was also 1 cent for Q-share in 2010 earnings, which earlier in 2011 had one cent in cash = total 2 cents for the 2010 results. The company's proclaimed policy is a dividend of 8% of net profit. For 2012 to be decided in 2013, one can speculate. JF believe profit / shares can move around 73 cents in the last line, which would mean 5.5 to 6 cents in dividends (= 8%), which is likely part of the F-share payment for May 2014. Today's announcement was expected by those who read the company's policy. 3.4 cents on the share price of 50 cents mean yield of 6.8%. 73 cents 'touted' earnings per share in 2012 compare with the share price of 50 cents gives P / E 0.685! Quite unusual figure. Perhaps listing in Stockholm can change this as we await a more reasonable valuation of snabbtillväxand kvalitetsmatföretag. A Swedish similar companies during the p / e 5 is not likely. We now know that ownership of SIAF is such that over 50% of shares owned by Swedish stores - even with today's total number of shares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.