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Emilez

07/22/11 12:16 PM

#6358 RE: jay_lim #6357

Ok, a translation:

After having looked at the business during the summer together with a couple of people who are knowledgeable about the industry, JF is confident that the Q2 report won't displease the shareholders of the company (The report will arrive august 15:th). There are reasons to assume that both the Q2 report and the full year 2011 will be even better than what was presented in the last fo May in Stockholm (the presentation). This is especially pleasing since a few thought that the sold dairy business (which was sold due to more demanding security requirements that demanded expensive investments) was the company's most important business. Now the fish, beef, fertilizer and vegetables will lead to even bigger profits and the new shrimp and eel businesses seems to be developing very well.

JF suspects that they've found a golden egg with a p/e for 2012 that with today's price per share on 85 cents is a bit below 1. and which will lead to accelerating dividend payments.

So what's the catch? JF has looked for the catch for one year and has still not found it.