Replies to post #151071 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

$10 is fair value IMO. Based on EPS, book value and prospects, it can easily be defended.

The Angola project alone is worth $3 even if we give it a 30% probability. It is that huge.

[ks1977]

I get your point, but why should the market reward Solomon with that PPS when he has proven himself unable to create value for shareholders?

Hence, until he has proven that he can and will create value for shareholders, I think a reasonable/fair PPS is only based on the yield and his ability (or lack thereof) to pay the promised dividends (and on time).

I'm still expecting that we'll get the announcement for the 5 cents dividend this year, and I'm also still leaning towards the ex date being this year as well.