I predict EPS in full 2014 to be in the range of $2.50 to $3.00.
The annual dividend per share to be anywhere from 30 cents to 50 cents, but highly unlikely to be at the low end of the range.
Tangible book value per share to be nearly $15.
Fully developed and rapidly selling NYC property.
Multiple additional development projects in other major U.S. cities.
Between the purchase of land and development costs the investment in the U.S. side of the business will be pushing $200 million.
Given the upcoming scope of the U.S. side of the business and the continually increasing dividends, earnings, and book value, it will be hard for anyone to imagine that XIN is not legitimate. Given P/E ranges from 12 to 18 on my EPS projections gives prices projections from $30 to $54.
Sentiment: Strong Buy
I know that obviously my projections sound crazy, but which part actually _is_ crazy. I say that the _only_ part that isn't highly likely is that the P/E might not get into a fair range of 12 to 18, but then again, it might and it should.
EPS is already over $2 for 2012. With all of the new projects already planned and those in work $2.50 should be easily achievable in 2014. Tangible book is already at $10.35 without 2012 Q4. How should it not be approaching $15 by the end of 2014? Annual dividend just made an early jump from 16 to 20 cents. I know for a fact that Zhang is committed to continually raising the dividend. It will easily be at least 30 cents by the end of 2014. I know for a fact that properties in other major U.S. cities are being looked at. Total investment in the NYC project alone will be over $100 million. Add the existing west coast investment and all future investment will easily get it ovet $200 million.
Please tell me one point that I am off on and why. You can't. You blew it with all your way to early claims of $6 by last June. Just because you were so wrong doesn't mean that I am. I am using real projections based upon known facts and trends. You just pulled numbers out of your ...
Sentiment: Strong Buy
.................you got to know that Xin raising the divy tells you that they like Vanke had record profits or the dividend would not have been raised. I fully expect them to hit book value this year as long as the dow stays solid.
I'm sure they're going to tell you they had record profits, no doubt at all. Are they going to have to borrow $21M again to pay you that divy when they were supposed to be sitting on half a billion cash?
You know LPH reported two weeks before being halted that 'For the two months ended November 30, 2012, Longwei reported its revenue from product sales increased 35.0% to $107.5 '. It was either
the CCTV news or Geo that said they had in fact had $427k was that for 1 year? lol And when neighbors of their plant were interviewed, they said what Geo and CCTV found was the way the plant
had been for years. In other words, very little business. Now Jeff and Wal would tell you but look at
the size of the property, the storage tanks....they're REAL. They sure are, just the income isn't.
The Chinese are so good at what they do, wouldn't you agree?
Not at all, but we know that you are here to purposely bash XIN.
My predictions are fully legitimate. I may have even been too conservative on a number of them. Given the marketing push in China for the NYC property, it may very well be sold out prior to the end of 2014. The expansion of the U.S. side of the business will likely be faster and greater in scope than my above prediction.