Jinan is not all of China, so I guess you are the one who is giving a false impression by saying 'China has lifted restrictions'. Had I believed that blanket statement, that would have made me
stupid. I also see you're an NQ bagholder? Now that's stupid. Guess you didn't like my two NQ posts last night.
hey, nobody really givsaf*** what you sold or bought and if you had any sense you'd keep that to yourself...............................we just like to jack the company like they jack the holders
China may be the second-largest economy in the world, but when it comes to buying residential real estate in the United States, it's No 1.
Foreign purchases jumped to 35 percent last year, and Chinese customers led the way with $22 billion out of the $92.2 billion total spent by foreign buyers in the US real estate market, according to a report by the National Association of Realtors (NAR).
I wasn't shaken at all. I sold some at 4.07 during July8 selloff and bought back in today to get more shares than I used to own. I hate having to shed XIN but the way it's been trading cyclically instead of up, I'll take advantage of that.
Sentiment: Strong Buy
look we got overhead and jet fuel keeps climbing so quit crying and buy more. Usually just before a big move up you get a back draft to the down side to shake out the saltshakers and cs traders. Once they announce sellout at 421 even the shellman will be a believer
XIN has a big Jinan project to start pre-sale in Q3....article on IV.....
10 July..... The eastern Chinese city of Jinan on Thursday became the latest region to lift home purchase restrictions and bring some light to the gloomy property market.....
......"As long as you have enough money, you can buy as many apartments as you wish," real estate agent Zhang Di told Xinhua.
Over the past couple of months, more than 10 cities nationwide have lifted or eased bans on ownership of more than one home, imposed in early 2011 to cool the market.
What the Chinese gov. has been saying, is that cities hit hardest by restrictions can apply for easing which it would agree to do. As happened before, local gov. will come in with their own rules and if they don't go too far, the gov will turn a blind eye. The translations of the other poster,
'Jinan purchase of property buyers will be fully liberalized restrictions without copy number
From July 10, Jinan houses and second-hand housing restriction policy will be fully liberalized, whether locals or foreigners are not restricted to buy a house in Jinan copy number. This also means that the implementation of more than three years in Jinan restriction policy will formally withdraw from the real estate market'
And this from a recent article.
'To ensure that the restrictions do not negatively affect them, some cities are now relaxing.
Wenzhou in eastern China's Zhejiang province, Zhejiang's capital Hangzhou, and Changsha in central China's Hunan province are among the cities planning to relax the curbs. These cities have sought central government permission to relax, according to reports in the local media. However, curbs meant to prevent speculation will not be relaxed.'
Wanda Group will invest US$900 million in a five-star hotel and apartment complex in Chicago...
The project will be the city's third tallest building with a height of 350 metres
It will be a mixed-use development consisting of a 240-room "super five-star" hotel, residential units and commercial space
"The Chicago project is just the first step of Wanda's property investment in the United States," Wang said in the statement, adding that the company would invest in five-star hotels in major US cities including New York, Los Angeles and San Francisco "within a year".
I don't think XIN will raise the dividend until they feel it is in their interest and any dividend raise will not be 100%. XIN claims they will try to grow 30% per year for a number of years and you don't do that with a large dividend. My hope, and what will make me "happy", will be significant share buybacks.....but Zhang/TPG don't care if I am "happy".....they will continue with their game plan.
lol so you're saying best on the fact that you bought shares at 1.80 , I did also. However, sold them at 7 then went short and covered at 3.90 or so. That you are happy with the stocks performance we are sitting on an alleged 800 million in cash and 200 mill in retained earnings and you don't think rasing the dividend by 100% by the way is still a very small payout isn't a good idea ?
XIN has been a great investment for me. My next sales will be shares bought around $1.80/share. XIN is not trying to make long term holders "happy"......XIN is controlled by two long term holders who will decide when they will increase the dividend and if and when they might list in Hong Kong. If I am "unhappy" with any investment, I sell and move on to something else. What could my "happiness" have anything to do with what XIN is likely to do in the future?
Paying a bigger dividend doesn't make sense to me if XIN is buying back shares or investing their equity in high return projects....even if doing so would make me profits in the short term and 'happy".
So, basically what you are saying is you are happy owning a sub par investment best on the fact that they have some long term holders they are trying to make happy?
Sulking from NQ being down. Added 2000 shares of XIN at $3.97. Could not resist. Increased to over 26,000 shares.