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challe08

03/22/17 8:03 AM

#110075 RE: RealDutch #110074

SIAF will have to pay dividends, starting 2 years from now.


60.000MT and 40% net margin.
Then SIAF's share of NI is 18% x 60.000.000 x $10/kg x 40% margin = $43M


If they somehow would manage to get half of that out in cash, then you have your $1/share in dividend for Siaf's shareholders + TRW stock + SJAP + maybe one more coso.