Replies to post #6121 on Sino Agro Food Inc (fka SIAF)

[snow]

I find the projected growth very impressive. Only time will show if it will be realised. I guess I will buy back some shares some time later this year. What I don't like is the dividend policy. The convertibles look like a regular loan to the company since the company has the option to buy them back in 2013. To me they look like an attempt to fool shareholders. What I would have liked to see is a commitment to pay out a certain and increasing percentage of net profits in dividends, increasing from 10% of net profits to at least 15%. If earnings were to come in at 2 dollars per share in 2013 that would have meant a real cash dividend between 20 and 30 cents. It looks as if the company does not like to pay a real significant dividend.