Replies to post #92201 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

I agree RD, but baby steps. They couldn't exactly say goal is PE of 60x at this point, or could they?

All that really matters is fair value. Suppose that a P/E of 30 is reasonable five years from now. With EPS = $20 you get a share price of $600. Which also means if we trade at $50 after we list in Oslo then the BOD has to give preference to buying back stock. Because it's all about ROI (or ROCE as they call it).

If everyone is happy with a P/E of 10, which is BS, then the BOD will make the wrong call.

Wonder what they meant by we will, of course, honor our commitment regarding dividends? Sounds like 8%.

Probably.