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Xinyuan Real Estate Co., Ltd. Message Board

  • stan.ackman stan.ackman May 16, 2014 9:16 AM Flag

    Diluted ADS Increased by 26% Y/Y

    Now, we know the buybacks are just gimmick. Today's earnings release showed the diluted ADS jumped by 26% year over year to 90.8 million from 72.2 million. This may be old news since its end of 2013 number already 90 million. At least, we know the buybacks are used just to issue even more shares.

    PS: I have not come back for a while. This morning, the XIN earnings release pupped on my SA screen. Then I read it. Terrible. I am glad I got out last year. Dishonest management. All the efforts they put is to grab more money from shareholders. Do the math. Their capital distribution is not even near the pace of share dilution.

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