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Xinyuan Real Estate Co., Ltd. Message Board

  • locatedmyballs locatedmyballs Nov 4, 2013 8:24 PM Flag

    Someone did some homework

    to
    Reno properties
    by marcino3000 •Sep 14, 2013 2:04 PM .

    rchites • Sep 16, 2013 10:51 AM

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    If I remember right they sold half the RENO property for a 100% gain according to the last call. Here's a few of my old notes It also signed a five-year management consulting agreement with IBM to help improve its internal process and mechanism.
    ------In addition, XIN has over $700 million in projects under development.
    ----I see the US purchases in California ,Reno, and New York in part to "legitimize" their company in the eyes of investors and tenants. -- These bargains won’t last forever. ----- Dirt bottom valuations and dividends are hard to find. --- Blew away guidence by 80% top and bottom line growth !!! – . -- Demand has been improving our domestic projects. they doubled their money in RENO. ---The average selling price per square meter increased to percent our last quarter. Superior top and bottom line growth over the years .. ---------- The companies great DIV and return is easy money tell the price appreciation in the PPS === Yahoo has them with a 10$ book and PE under 2 Market Cap ( 362 million) with cash of 642 million..... This company is FREE!!!!!
    Price/Sales (ttm): 0.38 Price/Book (mrq): 0.43
    -----China's property market demand is stable in the fourth quarter as we expected. -----While economic uncertainties and stricter purchasing controls remain possible for the China market, we believe the housing market situation is healthy and we intend to continue to develop projects at stable pace to meet continued market demand.
    -----Contract sales and net income are exceeding our previous guidance. Total growth for all sales increased 19% over the same period last year to 133,000 square meters and our average selling price per square meter increased 5%.
    ----------all but four of our 11 active projects this year are 90% sold.
    -------China projects and the U.S. GAAP full accrual method for USA projects totaled $263 million versus our Q4 guidance estimate of just $140
    ---------Fourth quarter gross profit totaled $88 million or 33.4% of revenue
    ------Net income in the fourth quarter totaled $33.6 million
    -----We sold seven parcels of a total portfolio of 12 parcels of land in the Reno, Nevada area which was acquired from a major bank in the second quarter of 2012. 2012 proceeds of $8.3 million exceeded the $7.4 million purchase price of the entire portfolio
    -------The Lenox property in Irvine, California consisting of 15 luxury condos has not been actively marketed yet although we do have one unit in ESCO, two additional offers. The project will likely be accurately marketed in the second quarter of 2013.
    -----------Williamsburg, Brooklyn, New York. Work on the Brooklyn, New York project has begun.
    --------$642 million CASH as of December 31, 2012
    ----------the company made payments of $30 million related to the Suzhou land acquisition, $133 million on the Beijing land acquisition
    set records at Xinyuan. Contract sales for the full year 2012 at $836 million rose 10% over 2011. Revenue totaled $915 million in 2012, up 33% from 2011. Net income topped to $157 million, fully 54% above 2011.
    ----WE set records at Xinyuan. Contract sales for the full year 2012 at $836 million rose 10% over 2011. Revenue totaled $915 million in 2012, up 33% from 2011. Net income topped to $157 million, fully 54% above 2011. Beat guidence by 80%
    ----OUTLOOK--For the full year 2013, contract sales were expected to reach $830 million. Revenues, that’s in a range between $750 million and $775 million. And net income should be in the range of $90 million to $100 million, perhaps more.
    We are looking at tremendous growth from second half of 2013 onwards. We are very under valued
    -----We are trading at a huge discount to book, XIN plans on talking to institutions at the ROTH Conference and go to many more.. They will try to increase the PPS and companies value . .05 cent dividend FEB 28th 2013 Less
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    Reply to
    I am speechless!
    by teknowiz •Aug 8, 2013 10:20 AM .

    buyseller3 • Aug 8, 2013 10:07 PM Flag

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    There earnings were not impressive. That's about a easy an answer as I can provide. Last year's tax benefit was known, this year's lesser earnings have been known. They gave no strong guidance going forward, is the other reason. Just more of the same. Still cheap. Hold.

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XIN
4.04-0.01(-0.25%)Jul 29 4:05 PMEDT

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