Replies to post #9292 on China Unlimited

[challe08]

CA will not be owned by Triway. CA consists of 2 parts.
- Consultancy for Aqua
- Resale

We have every indication that SIAF will still get paid for consultancy. And lots of it, IF they ramp up fast. But they can't pay themselves, so it will probably only be 100-39 = 61% of what we are used to.

Resale you know all about. They get paid 10% profit margin for every fish sold from farm x to farm y as long as one of them is a third party. That's a lot of revenue. I think it will be dissolved within Triway (JFD) and we will "lose" it. Well, we will own 19% of JFD (Triway)'s profits.

Ok, again according to I/R it will be a "little bit lower" I have it on record from Nov 16 -2016. Imo it could not mean your small percentage :-)!
Solomon gave us a number for the consultancy income until YE 2018 iirc, so it would also be traceable.

More delays will have a negative effect on EPS growth.

No doubt. But if they manage the TRW spin,including the loan and subcon deal they just HAVE to tell the story! I don't give a shit if average Joe don't understand it, instis should!!