...is that LNKD gets the $10 (or $1?) price tag it deserves. At that point Wall Street has finally returned from insanity and XIN can be properly valued. This sell China trade is getting ridiculous, 9% unemployed in the US and hardly any growth but LNKD trades at 500x trailing earnings. With that evaluation, XIN should be $1.41 in 2011 earnings x 500 = anyone??? I hope the critics understand how absurd this is.
The best thing to do is read the 10-Q and earnings transcripts the past few quarters. They state cash per share, book values etc. Do your own DD. We invest in the ADR and the ADR is 75M shares. Don't over confuse yourselves.
Wow, from $10.80 to 2.70 in 2 minutes, which is what I way saying,
$2.70 not $6.00. I don't care how you double talk it, but you better
tell the company they don't know what they're talking about when they
put 153.8m shares, and their breakdown is per share, in their filings. If it was per ADS or ADR whichever term you want to use, then you should be cutting their eps in half as well to reflect "earnings per ADS".
Guys and gals (shelly) you are making this too complicated. I won't go over it any more and let you do your own DD. The company does have 150M shares HOWEVER each ADR share is WORTH 2 commons. Therefore the company has $5.40 per ADR share or $10.80 per common share in cash. If you don't believe me email Gurnee and he will clarify it since I am a yahoo poster and you should never believe me anyway.
Yahoo gives 76 million shares with $4.36 cash as of June. So they have already adjusted for the ADR. So it is at least $5 cash as of now for shares that are trading at $1.90. Can you say "Steal of the century?"
Yes, cut to half, that is $2.67 per ordinary share, each ordinary share at $0.95.
Or, $5.35 per ADR share, each ADR share at $1.90.
There is no difference though. You spend $1.90 to buy $5.35 cash, or spend $0.95 to buy $2.67 cash.
I see XIN the most likely 10-bagger on NYSE in 3 years!
Wal, from the last 20.
"The percentage of beneficial ownership is based on 153,807,616 common shares outstanding as of March 31, 2011."
So when the company gives you figures they are based on 153.8m shares
and they do say per share.
The company just tells you how much cash the company has. It's why I
usually read an annual to find out how many shares the company has or
how many shares per ADR. It's a tricky thing the Chinese do. Some chinese have 1 share per ADR, but I have seen up to 6 shares per ADR
which is 6 x's.