Replies to post #136368 on Sino Agro Food Inc (fka SIAF)

[aquaculture]

I disagree. The company has, by it's communication in 2017-2018, become liable to deliver cash and stock dividends. Those promises got many overinvested!

* still, both SIAF and TRW continue with capex
* plan new seafood trade business inn TRW. A liquidity demanding trade with high competition. Receivables will rise
* should pay loans on time and reduce collateral
* pay cash dividend NOW! We are trading at 2-3% of book and shareholders are exhausted. Soon to be wiped out.
* Free cash from our $600 balance. We need 0,5% of this to urgently pay the first $0,10 dividend

Establishment of cash dividend per share, will also indirectly cap number of O/S

Establish and communicate the TRI-WAY organization. Right now it seems like two employees are expecting a $100 mill loan...

If they announce a policy before securing long term financing, they might not be able to act on their announcement if the financing does not arise. 

[RealDutch]

Garrett,

I agree that a dividend policy (long term and sustainable) should be based on cash flow from CA. But this is not the issue here. We are trading at 2% of book and need the cash dividends urgently. To protect the shareholders and the company.

They can determine a policy a year from now. This is not the same thing as paying 4 quarterly dividends, for now. Which is basically a one-time dividend spread out over 4 quarters (for technical reasons). They are separate things.

The reality is that Solomon has zero credibility. After all the promises he made in the past, never delivering once. And then he gives $29M to TRW in Q4 while reserving none for the shareholders. Making matters even worse. None of this behavior is acceptable and the reason why we are trading at 2% of book. Because he is all talk, and no meat.

There will come a point in time when enough is enough. Some believe they have crossed the line alread (Fredly, Hogset) and the rest of us are getting very close.

Once again, I urge the company to announce 4 quarterly cash dividends for the next 12 months. And deliver on promises from the past. Or all hell will break loose. IMO.

The toxic note, and now these comments, that's 2 failures in a row. Which in the China space is 2 too many. Garrett is not helping us.

[snow]

GRDTRI "..in my view, not make any policy before they have long term financing that structurally secures all the capex build out for Triway." Is the 100 million dollar financing really for the long term? Building the capacity to produce 300,000 tons fish or prawns will cost more than half a billion dollars I think. Based on your reasoning I can hardly see any cash dividend over the next 5 years.