Replies to post #58666 on Sino Agro Food Inc (fka SIAF)

[emptyone]

All good points RD, but my read is what is holding this company back is the lack of talent. Solomon is a good operator but has no clue how to capitalize or bring value to a company. The Board either stinks, is lazy or simply is being paid to be bag holder for Solomon. My guess is the third as they simply don't have the balls to stick up to him. Sandberg is an old man who rather not make the effort and Yap seems like a frightened child. Both must be removed, but how?

[Noloss1]

1. How cheap is it with the Mega farm that does not exist?
2. You have not managed to smash anything, with SIAF or any other company!

[Emilez]

Three questions are important.

1) How safe is it?
I have validated pretty much everything. And it's not like this company is going dark with all the shares that the Board members own. Only problem is, Solomon is making a mess on the financing side.

2) How cheap is it?
It is really, truly, 10x cheaper than the next cheapest thing, when you include the growth rate expected to come from at least 1 mega farm.

3) Does management have good intentions?
I really do believe so. It was Solomon who invented the spin-offs. At least they are trying to get an uplisting. They screwed up on the dividend but that's because they don't have their financing in order.

Mistakes have been made. The financing is a mess. And I have been hard on Solomon. But give me any other Chinese company and I could easily smash it to pieces if I wanted to. So that gives you a better perspective of what we are dealing with here. And yes, we will be rewarded 10x and much higher.

Yeah let's just hope Solomon will stick to the 26 million he said he needed and will not go haywire with additional capex.

[Yazterman]

I agree with much of what you say, but IMO there are better or equivalent plays out there and there are many china companies that on paper are 10-20x undervalued as well (of coarse we have to define "better" ie pe, growth, BV, management, underling assets ex..ex..ex...) SIAF has a lot going for it, and the complex structure and PR is one of them, to include the investors like on this board, you are an asset to the company, but than on the other hand you should not be strong along intentionally, do what you are going to say or don't do it. They did not have to say they were going to issue a divy recently only to retract a few months later. I don't like that, do what you are saying or don't say it, yes financing may not be in order....fine, but do not say divy, he new people would buy because of that.

All the china companies have some risk attached for sure, I happen to be attracted to a few with higher risk, to include SIAF, cuz the reward is higher. And to bet on a mega farm is great but at this point you can say that about any company expanding, for this particular case it is all speculation and management does not fully tell the truth or execute on what they say....so to me the mega farm is not an investment thesis as a main focus at this point.

Def can find flaws in most China companies including the ones I am in, but since I have been in the ones I am currently in they have not back tracked yet on doing what they said they were going to do in the near to mid term.