PS - I think the company has either gotten or is well down the path of getting an oil export (import?) license in china as a private enterprise -- this is not counted into the valuation of 0 or north of $2.
If others are interested and are looking for other info from over the past few years -- search tm or my or a number of other authors who have been here for multiple years with a consistent long sentiment (while at times voicing frustration over the lack of info from the companies to the investors.
At this point - it appears the wait will be 3 months or less.... If it is not worth zero - it should be a 5-10 bagger.
I have read the letter and it has been reported and quoted accurately by tmbiogen. Lots of folks have been in this stock for a long time and have waited for it to clear -- Sherman & Sterling showed there is real cash and real business awhile back. The company has spent alot to defend itself. It's annoying, but the strategy they've taken is no info unless to gov't (or released to the market in definitive form - such as audits a few months back). Who knows, but could simply be a strategy to limit any ammunition for the lawsuit out there.
Bottom line - I feel very lucky to have been able to get enough shares in the last few sessions to average down significantly. As tmbiogen said -- it's worth zero or north of $2. I wish I had been as smart as he was to sell enough for a new car when it was half-way recently - in the $0.90 to $1.00
How about "Sage" -- anyone who followed your public actions would have sold at 4x where it is now a few weeks later. I suspect anyone who buys now will be in the same position to shortly see 4x. High risk and high reward on this one.... GLTA and welcome back.
Thanks. So, at least a $50-100 million profit? that means about $1/us ADR doesn't it?
Clothing retailer J.Crew and electronics giant Apple are eyeing Williamsburg outposts as the neighborhood continues evolving into a hot shopping hub. [more]
On the $165 million loan --- The loan is the largest ever granted to a Chinese company working stateside without a U.S. partner. The WSJ reports that there were several other lenders vying for Xinyuan’s attention, but they ultimately went with Fortress because the investment company had previously financed a number of Xinyuan’s other projects in China. Xinyuan plans to complete the condo project in 2016, selling off many (40% as previously reported) of planned the 216 residential units and 15 townhouses to Chinese investors who would in turn rent them out to regular folks looking to get in on Williamsburg’s action
The developers just released a new set of renderings, showing us exactly how the Oosten will, as the Times put it, "put a stylish stamp on a rough-edged industrial area south of the Williamsburg Bridge."
The apartment complex contains, most notably, a 13,860-square-foot landscaped courtyard at its center, surrounded by buildings on all sides. Inside the many-windowed walls, there will be 216 apartments along with 15 townhouses with underground garages lining the side streets. The below-ground fitness center will include a 55-foot pool and there will be another (possibly decorative) pool on the roof. According to the building's website, the sales office is set to open this month. The development is projected to be complete in 2016.
It's also worth noting that XIN is not partnering with any other developers on the $250 million project and, in fact, just closed on a $165 million loan from Fortress Capital. The Chinese have arrived.
(216 apartments + 15 townhouses = ?? total $) == Land cost = $60mm+/- How much to build?
look back to May...Stock found support in the 4.0x range. Now stronger going up. (higher lows). Could well be that the 4.40 of a few days ago bounces to the 4.60s or 70s on the way back up - clearly not an exact science, but today's activity has been lots of incremental / inching up. With slightly increasing volume and technicals pointing up, who knows - does it launch for a bit here or another time...
Company is growing. Stated goal is fast growth right now -- we can all agree or disagree with the idea -- but they are executing on the stated objective in a tough market. Book = nearly $12. Price = $4 Divvy = 5% -- buy or not as desired.
12 million ADS sale were shares bought back earlier (about 14 million bought back in previous buyback - they sold 12 million of them for a $16 million profit). Had 2 million left, now bought another 1.5 million shares. $16 million doing some buying and selling of shares - seems pretty smart use of capital to me.
buying back shares. continuuing Divvy. Selling at huge discount to book.
Company in growth mode.. accessing land. turning over projects. getting loans - executing well on plan to expand scale. Company book $11.85 / ADS Current Price = $4.00 / share. AND Divvy of 5% at this leve!
Thanks for the suggestion.... interesting macro ideas / impact of China moving to a consumer driven (vs export driven) economy... Liked this snippet a reviewer pulled...
Roach says the good news is that China has realized the risks, and it’s making an effort to redirect its economy toward a consumerist direction. He stresses three elements that are essential to the success of China’s economic transition—more job growth, higher wages through urbanization and fixing the social safety net. He also disputes the argument that China’s debt problems and high housing prices are serious enough to drag the entire economy down.
Sentiment: Strong Buy
From page F58 of 20F filing.... Nice to see they are getting construction loans.
From January 1 to April 21, 2014, the Group obtained debt borrowings through construction loans and entrusted loans with an aggregate amount of approximately US$275.1 million, which are mainly secured by the Group’s land use rights, real estate property under development and 100% equity interest of Jiantou Xinyuan, Henan Wanzhuo, Beijing Wanzhong and Suzhou Xinyuan.
good news using cash wisely (was a great bargain to buy shares at
As of September 19, 2013, we had purchased a cumulative total of 14,264,896 treasury shares for a consideration of US$19,434,281 with a weighted average price of US$1.36 per share.
MADE US $16 MILLION IN EQUITY VALUE --- On September 19, 2013, 12,000,000 out of the 14,264,896 treasury shares were issued to TPG Asia as part of the TPG private placement and we received gross proceeds of approximately US$32.88 million (COST $16.3 million to repurchase!) from the issuance of the common shares. As of December 31,2013, we had a remaining balance of 2,264,896 treasury shares amounting to US$3,085,481
look at 52 week low and multiyear support in this area --- using that measure and value -- this should be a good entry point.
from Barrons... We have found at least six cities (Tongling, Ningbo, Tianjin Binhai New Town, Nanning, Hangzhou Xiaoshan District, and Wuxi) that have announced policy relaxation on the property sector since end-April (source: local government websites and Xinhua News).
Policy relaxation mainly focused on HPR (definition of “first home”), deed tax, Hukou registration, mortgage downpayment, and developers’ cash flows.