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Xinyuan Real Estate Co., Ltd. Message Board

  • johndrew101 johndrew101 Jul 17, 2013 8:27 AM Flag

    3rd buyback announcement by XIN

    they first announced a buyback of 20 million in 2009, i guess they think management or wall street remembers that one,no stocks were purchased, then another in 2011, which they say 12 million of 20 Mill were purchased, and now another in 2013, every two years they announce a buyback, and they supposedly have not completed the 2nd buy back in 2011..... do they use buyback as stock manipulation or what? food for thought...

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    • They use buybacks to increase their value. The more shares they purchase, the more their shares are worth. The book value will be approaching $12.00 a share. They can keep buying back shares as the share price stays low, and they will make money.

      Sentiment: Strong Buy

      • 1 Reply to jeffreybul23
      • @Jeff,,, your missing my point, they seem to make these announcements every 2 years.... and Gurness is quoted as saying and i will paraphrase, "shares above $4 were too expensive",,,, to announce a share buy back is a non-binding\contractual announcement,,, they have announce it but not do it,, but everyone on the street knows, it will give a temp bump to your stock price.. this seems rather odd.. to announce one without completing the first one at all in 2009, and state in the last conf call 'shares were too expensive' to purchase above $4

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