Replies to post #148391 on Sino Agro Food Inc (fka SIAF)

[Handlamera]

?

All shares are ex rights.

Nothing else is communicated or believable.

[ks1977]

Ote has not ex- dividend yet

I'm leaning more and more to RDs argumentation towards the ex date on OTC probably being different from the ex date on Merkur.
Here's a quote from a different source;

In cases of a deferred ex-date, the only function of the record date is to determine on which shares the dividend is paid. Because of that -- and this is a critical point -- it is the ex-dividend date that determines who qualifies for the dividend, not the record date.

While initially confusing, there are valid, rational reasons why on big percentage distributions the ex-dividend date is after the record date and after the payment date. It doesn't happen often, but big percentage distributions don't happen often. That's why most investors aren't familiar with how they work.

http://groupssa.com/understandingdividenddates.html

Hence SIAF might have planned ("forced FINRAs hand"). By setting the payment date to November 14th, which is the same date their Q3-report is due btw. If the ex date is after the payment date, as this source suggests (but which isn't always the case - also according to this source), then the ex date will be November 15th (or later). I.e the very dat AFTER the date the Q3-report is due, in which I believe SIAF will announce the cash dividend and thereby avoiding a heavy drop in the PPS between the TRW-distribution and the cash dividend. This would be very elegant.

If so, then Oslo Børs - having different rules - might have messed up with that plan somewhat, but that might have leaded to potential good deals for us; 1) selling on Merkur and buying on OTC to get twice the TRW-distribution, and/or 2) picking up lower-priced shares on Merkur to get a lower price and hence a far greater yield from the cash dividends.

It has been a long time since I were optimistic about SIAFs upcoming Q-report, but this time I'm looking forward to it (this would mean that SIAF can't delay its report, unless it also discloses the cash dividend in the NT 10-Q)