Its always about 2 parts - fundamentals are of course totally brilliant when compared to the PPS. And if they go on as projected, even the conservative scenario, it should be great. I will take anything over 1 UDS EPS next year.
Second part is if SIAF as a company will be able to attract large money that will be willing to invest and to pay some multiple of EPS. In this area its one large fail so far. We have the FN listing coming now, a bit promising that this things will change. Regarding dilution that is obviously holding us in this joke PPS range... I dont think Solomon has much more time to prove himself. I feel that 2013 must be the last year of dilution or otherwise he will get a stigma of unfriendly CEO diluter and noone serious will want to pay more for the shares of this company. In this regard it will be very important to do really a good first impression on FN, he (and we) wont get a second chance for it. US market is dead obviously, Sweden might be our single shot to make things running. That said, Im happy JF is in command and that they hired several experienced firms in this area.
For gods sake, I hope Solomon wont even dare to think to do deal after deal behind the shareholders back once we are at FN. Or all hopes go toast and no matter what they earn, SIAF wont be a dollar company. EVER.
AI
