Replies to post #132518 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

"we fully support a $20USD per share dividend" since the book value is $20USD and then we want.... you know.... Mount Rushmore emblazoned with Chain Smokin' Joe Solly Lee.... for his valuable contribution to America.

[snow]

jyyoo I think you are even more naive than me if you think that Dan calls the shots on anything Solomon disagrees with.

[RealDutch]

Who calls the shots on this though, Dan or Solomon? Dan's the CFO so I hope Dan.

There is no easy answer to this. Solomon calls the shots. But it wouldn't make sense for Solomon to do share buybacks if Dan and Nisse oppose it and want the cash dividends.

I think Dan and Nisse (and some other big stakeholders) should be able to persuade Solomon to go with the quarterly cash dividends.

It's a BOD decision. As such, Dan and Nisse are responsible.

[aquaculture]

their capex in 2017, I estimate at nearly $30 mill.

We now have a company trading at 50% of it's own capex. And within the $0,5 pps, we are planning to see a TRW spin-off at $2-3 dollars.

Still, the management chooses to print shares at these levels and spend capex at these valuation rate. It's facinating.

When this company invests (and increase balance) for i.e $30 dollars, the pps will today valuate that investment at $1.

At these rates only a madman does not pay cash dividends instead.