June 21,2012 let's put out a pr saying we're buying 20m worth of stock at the company's discretion.
It said March 31, 2012 there were 72,292m diluted ADS. But we know in the Apr to June q. they bought another chunk. I'm not going to look up what that was, but you know the did. I think most of you were talking
there were 71m ADS. Flash forward to Dec 31,2012. 71,747 ADS but heck they were supposed to be buying
back. Then March 31, 2013 you're back up to 72,974M ADS. Higher than you were before this supposed buyback went into effect. So what did the company do? Well they bought a 'few' just to make you feel good, and then turned around, and issued more shares (probably to reward themselves), and you now have more
shares than when you began. Stinky go look up how many shares they had at the end of the june 12 q.
Suckers, you believed them, and Stinky, Jeff and Wal pumped it up, but they're silent now, aren't they?
If I get back, we'll look at the 200M bond. Yes siree, the company sure were discreet, so discreet, you didn't
even notice getting the shaft.
Jeffrey and RVGA keep talking about the company buying back shares. Read the above post from almost 2 years ago. The company has told you they have a 60m buyback in place and bought 4.5m ADS or 17m worth of stock in 2014, but go to their own March 2015 presentation on their website. Look down on the right side bottom and it says as of February 27, 2015 , 79.4M ADS. if you go to Dec 31, 2012 there were 71.7m ADS.
So in these two buybacks the company is telling you they've bought back about 28million worth of stock, but the stock count has increased about 8m ADS or 16m shares. What's wrong with this picture? Maybe Xin should put out a book called NUMBERS FOR DUMMIES.
TPG wanted their money out, but they own 7.6% shares at about $6.00 isn't it? Do you think they sold their shares at a 50% loss?
So you two, explain why the share count has increased by 8m ADS when they've bought back $28 million?
------ Dec 31, 2012 there were 71.7M ADS. -----
On Aug 26, 2013 TPG bought over 5.5M treasury shares for $32.9M at $5.48/ADS.
" TPG has agreed to purchase.......US$32.9 million worth of common shares. "
Average shares outstanding, as of the last filing with the SEC, was 74.44M. Actual shares outstanding would be about 1M less end of 2014. Any information that you have that XIN sold their 5 million treasury shares and what XIN got for them would be greatly appreciated. If you do not have any information.....babbling will do.
Numbers for the resident DUMMIES....
79.4M ADS has been the XIN sharecount for years....if treasury shares are included. The 79.4M ADS on the Feb 27, 2015 presentation was likely used for the price and book value bar graph on the same page. We will know soon with the Q1 filing in about 4 weeks what the average shares outstanding are as of end of March. If you have any information about XIN selling their approx 5 million treasury shares...please let us know....if not.....continue to babble away! LOL!
Hey Shell, you've got your years mixed up and it's not in millions but thousands. 72,974K ADS was for March 31, 2012... that's 2012. It's actually 72,292K ADS for March 31, 2013. ADS has decreased 682,000 from a year ago....
Your right Omeg I typed it backwards. I wrote it down correctly. But it doesn't matter because I believe by the end of that June q. of 12 they were down to 71M ADS or very close to it.. You could put it in the box as
the subject, as others were talking about the same number. Your ADS is still higher than when you began. There was no mention of any buyback in the call or the filing, and you know Gurnee would be
telling you that good news It's been mentioned every quarter since I've been around.. Now the subject was ignored. Also, although that filing compares the March period, the call was less than a
week ago and there is only 6 weeks left, so I doubt you'll be hearing about anymore buyback. But not to worry, I'm sure they come out with another bs pr saying they're going. We really, really will, just wait.