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Iao Kun Group Holding Company Limited Message Board

  • jeffreybul23 jeffreybul23 Mar 25, 2014 4:16 PM Flag

    Up 9% with expected earnings release results.

    No surprises in earnings. They were expected.

    However, buying over a million shares back was a surprise, and looked at positively by Investors. With 60 million shares, and 40 million float, buying back 4 million shares will make a big difference with future book value, and EPS calculated.

    They will continue to buy back shares as long as the share price is under book value ($4.61), and with every share bought back, that will increase "book value per share" even more.

    Next month the black out period will be up, and they will start buying another million shares over the next 4 months. When they get back into the black with Q1 earnings report, shorts will be Shilling in their pants, causing a shorts panic of buying to cover.

    $6.00+ with HK listing.

    Sentiment: Strong Buy

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