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snow

07/15/17 4:28 AM

#114999 RE: nisse44 #114997

niss "why not ask a question why is it so low? And maybe come up with a logical explanation,.a realistic one." The point is that there is no logical, realistic explanation why the pps is so low. There are good reasons why the pps has fallen from the 17 dollars it soared to but not why the pps is at the current level. Things have moved more slowly than expected. The price of beef is down sharply and therefore profits. The building of the Mega Farm has proceeded much more slowly than anticipated and it has become more expensive than expected. It also looks as if there have arisen problems in raising prawns in the Mega Farm. The point is however that these negative factors far from jusstify the pps being at the current level. It is not all that importat if shareholders will own the stock dividend in Triway for for instance two years before they are listed when SIAF will continue to hold the same number of shares in Triway. It makes very good sense from a rational financial point of view to buy shares in SIAF at the current pps even if the stock dividend in Triway is regarded as worthless. I suggeest you yourself come up with a realistic explanation of the current pps taking into account all the available facts, since you seem to think there is such an explanation.