If you've been following the news on China's economy
and especially the real estate numbers then you're aware of the slow down and the uncertainty looking forward * My guess how this plays out in XIN's next report ~ the numbers will be good and might even beat estimates _ any forward looking statements will have lower sales expectation numbers bringing the stock price down upon the release _ the only thing i see now that would stabilize the price from now to July is wrapping up the remainder on the $20 million Buy-Back and addressing implementing the $60 mil BB _ seeing a stock price below $4 / retesting the 52 week low or lower within the next 6 months would not surprise me _ not what i want to be thinking
My guess is that Q4 will be "weak"...since the Beijing project did not enter pre-sales in Q4 like they thought. As far as I know there are no "expectations" for 2014....XIN has not yet given any "guidance" for 2014. XIN will give some guidance for 2014 at the upcoming CC...it will be fairly good compared with 2013...and XIN will up guidance for 2014 as the year progresses.
I suspect the $20M buyback is over....we are in the three year $60M buyback period now with unknown number of shares bought back at this time.
Danny how long have you been in this stock, must be new and haven't done your dd. The $20m
buyback program ended last June 21/13. They didn't get anywhere near the $20m. When that expired, they announced the 60m buyback effective July 2013 for the next three years. This way
it gives them 3 years to not buyback instead of 1.