Replies to post #147881 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

But don't worry, I'll let you value the company whatever you want.

Pal, it's not my valuation. The company already told you that it's $1.33 for the first distribution. I simply accounted for dilution and it's now $1.263 per SIAF share.

They didn't give you the value of the 2nd distribution. Which I calculated for you, and it's $0.26.

I also included the profits which the company isn't doing, for some reason. Probably because they don't have to, and the A/R's are kind of old.

Then, I added some for the trade division which of course is not a guarantee, but people should be aware of it.

If it were up to me, and I usually do that, then I would calculate the 7-10 year growth rate and use a conservative version of Benjamin Graham's formula (1G or 1.5G instead of 2G). But I can't do that because I don't know WTF they are planning to do with cooperatives, and whether they can get ($100M) loans etc.