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Xinyuan Real Estate Co., Ltd. Message Board

  • brianchesnutt brianchesnutt Mar 6, 2014 5:57 PM Flag

    Buyback does not seem to be in progress

    Volume today: 244,561

    Avg Vol (3m): 396,057

    150,000 lower than normal. Uggghhhh boots.

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    • My take from listening to the conference call is that a buyback is unlikely until they can see what monies are left after the land purchases and building costs as this year moves along. As they have stated this is a building and investment year with approximately 25% more land buying than last year. My read of mentioning the board of directors discussing the buyback program with TPG was a formality just to answer the question respectfully to all. IF it's a good year just maybe we'd see a buyback in the 3rd or 4th quarter. They seem to favor the 3rd quarter, but i'm guessing it is different this time .... imo .... long n strong

    • I doubt XIN has been buying back....but I don't see how anyone could tell from public information.

      • 1 Reply to star_hominid
      • Right.. Can't tell for sure... just would expect a bit higher volume ( and larger block trades) ..if they were after shares. So here's a question.. they announced last year that they were going to do $60mil buyback to be completed by 2015. Are we to operate under the assumption that completion by 2015 year end is still their intent? I feel like if they are going in a different direction they should re-guide us on that at some point.

5.55-0.12(-2.12%)Oct 21 4:02 PMEDT