Replies to post #60380 on Sino Agro Food Inc (fka SIAF)

[viking86]

makes big sense. I donot think the o/s is much above 148M right now.

I think they got some nice prepayment for all the feasibility and prepatory work they did for the mega project plus some nice cash flow from the abattoir and the prawn farms in Q4 and Q1. Remember they placed about 0.5m baby prawns in the PF1 tanks back in April 2013? Those have a growth cycle of max 3 months (some reach marketable size even within 2 months of placing) so they can sell more prawn now every quarter for at least a few m profits per quarter....

[emptyone]

I look at dilution as a form of theft, Solomon can say what he wants to but there is absolutely no financial justification for issuing a stock at a PE for less than a PE less than one especially when you have exceptional growth rates like the company has. He is doing just the opposite of what he should have been doing and that is buying back stock (sell assets to do so if you must). It is just a modern version of someone coming in your home sticking a gun to your head and taking your money. So now he says he wants to pay us back, but it never seems to happen. So enough already, this is nonsense.