I agree with much of what you say, but IMO there are better or equivalent plays out there and there are many china companies that on paper are 10-20x undervalued as well (of coarse we have to define "better" ie pe, growth, BV, management, underling assets ex..ex..ex...) SIAF has a lot going for it, and the complex structure and PR is one of them, to include the investors like on this board, you are an asset to the company, but than on the other hand you should not be strong along intentionally, do what you are going to say or don't do it. They did not have to say they were going to issue a divy recently only to retract a few months later. I don't like that, do what you are saying or don't say it, yes financing may not be in order....fine, but do not say divy, he new people would buy because of that.
All the china companies have some risk attached for sure, I happen to be attracted to a few with higher risk, to include SIAF, cuz the reward is higher. And to bet on a mega farm is great but at this point you can say that about any company expanding, for this particular case it is all speculation and management does not fully tell the truth or execute on what they say....so to me the mega farm is not an investment thesis as a main focus at this point.
Def can find flaws in most China companies including the ones I am in, but since I have been in the ones I am currently in they have not back tracked yet on doing what they said they were going to do in the near to mid term.
