I would say it depends a lot of when the FN application is being filed.
Its most common that one underestimates the power of a shareprice moment regardless of the direction. SIAF still has a very low valuation due to old credibility issues. This coming CC is another "marketevent" where SIAF has the opportunity to increase credibility. This time arround Bertil has been in the company for a few weeks more and will probably take a more active role. At the same time Mr Tomas Öqvist the new nordic IR has had more time to work with the presentations and the format of the CC.
I think this CC will be the best one so far and it will help increase credibility, its a process being done step by step.
Having this said, I think there is a lot of momentum in the stock going forward. We have to realize that we are still trading at a P/E arround 3 or a little bit more considering the convertible bond deal. This means that there is still a lot of space on the upside until we reach peers in the different segments of the company. And now I´m talking about peers with a modest growth not a fantastic one like SIAF´s.
So I would say its still a lot of momentum in the stock before we reach a fair valuation.
We all know by now that the stock can be traded by almost all institutions when it hits the FN (given the company´s communicated plan to go for a major list, OSE) and thats when the real competion starts for getting a substantial position in the company! At least thats how I see it!
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