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Xinyuan Real Estate Co., Ltd. Message Board

  • jeffreybul23 jeffreybul23 Aug 16, 2014 1:09 PM Flag

    Market Cap 280 Million, Assets - Liab. = almost 1 Billion.

    Will exceed 1 Billion in OE by end of year. Market cap will eventually catch up.

    I have a lot of my monies caught up in other stocks, but if/when they pop, I'll buy more XIN, if stays around $4.00.

    Company is less than 1/3 their actual value. Management keep buying back shares!!!

    Sentiment: Strong Buy

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    • Balance Sheet

      As of June 30, 2014, the Company reported US$683.5 million in cash and cash equivalents (including restricted cash) compared to US$655.0 million as of March 31, 2014. Total debt outstanding was US$1,310.8 million, an increase of US$363.6 million compared to US$947.2 million at the end of the first quarter of 2014. The balance of the Company's real estate property under development at the end of the second quarter was US$1,540.8 million compared to US$868.7 million at the end of the first quarter of 2014. The increase of property under development was primarily due to the land premium of newly acquired four land parcels in the first quarter recognized as property under development after paying off all the land premium in the second quarter.

2.72+0.06(+2.26%)Aug 28 4:04 PMEDT