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Xinyuan Real Estate Co., Ltd. Message Board

  • ibanker_nyc ibanker_nyc Aug 27, 2013 4:59 PM Flag

    Book Value

    As of June 30, 2013 was $850 MM...So, per share BV is ~$11.9...

    Pro forma for this investment, book value would be $(850MM + $109)=$959 million...So, BV per share is $959/91=$10.50 per share..

    While this may sound dilutive, please do remember that the plan is to increase BV by deploying this additional capital.

    In my opinion, this is how the shares may trade:

    a) If earnings growth continues at the current clip, you will see $8.00 per share by end of year
    b) if earnings growth increases at a faster rate, you may see $10 - $12 per share

    That is the maximum uyou will see...Thanks to the IPO in the teens, there is a significant overhang at /around the IPO price.

    However, if the China bull market comes back in full force, this may see $20.

    Hang on tight. Patience is key...

    Sentiment: Strong Buy

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