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Xinyuan Real Estate Co., Ltd. Message Board

  • ihr1234 ihr1234 Nov 8, 2013 8:43 AM Flag

    Shares outstanding

    I'm puzzled by the amount of diluted shares; the level seems to be stable thru the last year. I was under the impression that we were buying back shares and that the float would decrease.
    Comments?

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    • Didn't buyback any because of the TPG investment in my opinion..Saving all cash for land acquistions.. They did some buyback last qtr.. It would of been stated in the earnings release if they did.. You don't post often????

      "In the second quarter of 2013, Xinyuan purchased 1,314,858 ADS on the open market at a total cost of approximately US$5.77 million. Our Board recently approved an additional US$60 million share repurchase program through 2015, as well as a second quarterly cash dividend payment for 2013 of $0.05 per ADS. The existing share repurchase program combined with our regular dividend demonstrates our confidence in Xinyuan's long-term growth prospects."

    • I believe there were 76.4 million ADS outstanding at Nov 4 2013. This includes the 6 million shares issued to TPG and shares issued to employees.

    • The number includes a portion of shares issued to TPG including those from convertible debt. Since the closing of TPG deal was 9/19, XIN had to include roughly 13% of 16 million issued to TPG. For Q4 XIN will show the remainder of 16 million in the diluted share count; so total share count will increase by 14 million from the TPG deal.

 
XIN
4.01+0.20(+5.25%)Jul 22 4:03 PMEDT

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