Replies to post #6068 on Sino Agro Food Inc (fka SIAF)

[Strindberg]

There is problem with train so i Will be late to the presention.

[treit2002]

This is really better than anyone could have expected.

Still hard to read. I'm sure that the company will issue a better copy at some point, but the numbers are staggering, and there are a couple nuggets:

Initial Takeaways:

1) The franchising operation has huge potential, much bigger than I'd have thought.
2) The dairy sale and concentration on faster growing businesses was done w1th the franchising in mind. Similarly, the diversification of products, adding asparagus and sheep.
3) Earnings projections are improved, so they must be ahead of projection; probably, fish farms set to start later in the year.


Nuggets:
1) they have 600 mu of outdoor fish facilities, producing 600 tons (didn't know that at all)
2) the dividend now targets 12% of income rather than 8%, a clear shareholder friendly move. They've done this very cleverly, 1/2 with convertible stock
3) there are proposed buybacks and share retirements

Hoping Q&A justifies land use purchase price, and explains usage by plot.

Still, how many company's are this forthright with strategic plans out two years? They are publicly reporting now, and will be held to these projections, so will need to report any material changes, as well as important milestones on the way.

Love Lucky's Graham valuation. Just watch the milestones; admittedly ambitious, and the value will follow.