I really have no idea how necessary the jet is to XIN's business....only XIN knows if the jet is working for them and was a good purchase. The jet has not been a big help so far with a more rational share price...but Zhang doesn't seem to worry too much about the low share price. Hopefully that will change in the future.
You seem to be the Xinyuan guru, and I've never heard your take / thoughts on the jet?
It's a personal soapbox of mine, and I can't stand the idea of a $200 million Market-Cap company owning a jet that will cost them over $40 over the next 6 years. But, enough of my opinion. What say you? Management indulgence? Necessary business expense? Forgivable sin?
I'm curious to hear your thoughts?
Sentiment: Strong Buy
Rinse and Repeat 2,000 shares at a time. Still holding my initial purchase of 5,000 shares @ $4.50 for the future
What is reasonable will be for the future when there are grants. Reasonableness will be determined by how many options are granted, at what price, and for what performance.
10M ADS have been registered and none have been issued. The price of $3.23 is the average price on June 24 and is for calculating the registration fee of $3,754. June 24 is the day the 2015 incentive plan was put into effect and the plan runs until June 24, 2015. . The exercise price of the incentive grants will be equal to or greater than the market price on the day of the grant.
The NYC project was kind of a lucky break., but also showed some management skills and intestinal fortitude in making a purchase from a bankrupt developer. Not something that is repeatable.