no one is going to buy the small cars. Its like the 'smart' cars in US.
 Chinese are image consious. Its like the NANO in India...real cheap, but failed big time.
 WAY too much competition and better EV cars coming to China.
 WAY too much local competition of EVs in China. Somehow people think KNDI is the only EV company. There are LOTS. Look up list of companies that attend the EV conference in sept.
 Too small to keep going without raising secondary every 3-4 months.
 Their car sharing will be copied in other cities. In fact EV rentals is already common in big cities. Look it up.
is a strong buy in my book. That is 18% of the company's value ! Are they going private ?? Or they are so bullish that they buy out 18% of the company stock. No other company does this kind of buyback unless they are projecting very bullish growth.
Any way to find out if they bought back the other $20million buyback they approved in July ? Now would be the perfect time to get it. I also wonder that big spike to 11.50 in Sept for one day was the buyback. With such low float, any buyback would shoot the pps.
is it because of the low shars outstanding ? under 30M shares in the market.
Mr. Song continued, "The data traffic market in China is huge. At approximately $50 to $70 billion USD, it accounts for around 25 to 30% of the Chinese telecom operators' total revenues. That percentage is expected to continue increasing rapidly. Looking at the telecom sector, our mission is both ambitious and achievable; we aim to assume the role of a 'data traffic bank', which facilitates the smooth roll-over of monthly unused data from month to month, essentially accepting deposits of unused data and allowing users to withdraw at their discretion. Achieving this goal, would enable friends and family members to share data not only over a single carrier's network but across all three of the Chinese telecom carriers' networks. We began executing this strategy in baby steps, but now, capitalizing on the marketed-driven reforms of the Chinese telecom industry and our expanded partnership with China Unicom, we're accelerating our execution and penetrating the market one province after another. With a stronger competitive position and a well-developed business expansion strategy, we are confident that we will be able to secure at least 1% of the data traffic market in China in the foreseeable future."
Sky-mobi CFO John Bi added, "Given our strong balance sheet, long-term growth prospects, and successful turnaround story, we believe that now is the right time to enhance shareholder value through share repurchases and continued investment in growth initiatives."
Now what: To be sure, $20 million is a big chunk of change considering Sky-mobi's entire market capitalization currently sits at roughly $220 million. And to dedicate such a large amount of cash to repurchasing shares is a curious decision for such a small company, which would seem to have significant avenues to instead invest more of that cash in growing the business.
After all, revenue and adjusted earnings only increased 11.6% and 11% year over year, respectively, in Sky-mobi's latest quarter. At the same time, if Sky-mobi expects its rates of growth to accelerate going forward, it's also hard to blame the company for wanting to buy back shares currently at just 14.3 times next year's estimated earnings.
wow you are so jobless and so scared of losing on your short that you are answering your own posts multiple times. Good. Betting against a company based on its peformance 3 years ago is not a good idea...bet on it based on it future potential and growth. And there is nothing negative you have on MOBI based on future potential. I already listed all the partnerships, low end smartphone growth, its expansion into singapore, thailand, malaysia, vietnam, its profit sharing with china mobile, launch of new games. And its LOW valuation. And its confidence by buyback 16M plus 20 M in 3 months timespan (for a 200m stock that is huge).
What do you have...2011 they went down to $2. Fake rumors of selling 157k shares.
You got lucky with the selloff that stock is under $7. Don't push it with earnings in 3 weeks.
that was a rumor yesterday....there has been no sale of any stock by xplane.
its a turnaround story...DO NOT keep looking at 2011...company has turned around, and they themselves are saying it. Too cheap at 1.5 times sales. If earnings double in 2015, so will stock.
ebola, europe is not impacting china. China is still growing at 7.5%, which is a very high number any part of the world. govt is giving programs to boost economy.
SEPT china auto numbers came out yesterday and they were not good. Production numbers are great if they make sales..otherwise KNDI will be stuck with inventory like the huge sea of cars we saw in the pictures.
dude what is with you and 2011 ?? Live in the future not past. Shorts were right when stock went from 20 to 2, and bulls were right when it went from 2 to 12. Shorts were right when they missed earnings in 2011, bulls were right when they beat it last qtr.
2 can play the game..question is, who wins going forward. I don't live in the past. Based on company news, earnings, buybacks, partnerships they are bullish in 2015. Thats all info we have..your 2011 opinion doesn't matter at all.
If revenue was up 35% as one time hype, then how did they provide guidance for guidance up 25% Q over Q for Q3 ? Think about it.
that is the best you got ? be a bear, but have some good reasons for it. Fundamentals etc. FB also went from 38 to 18...now it is 74. FB is a diff company now. Its called growth. MOBI was not growing back in 2011. Now CEO is saying 100% growth in 2015.
Have some reasons for your bearish view..just don't use history growacet.
twitter rumor caused big selloff today. Check out daily nasdaq filing for MOBI..no filing for any sale.
There is no way xplane would sell any shares when they just bought 16 million less than 1 month ago. They are obviously very bullish, and you can see it from their recent news releases and earnings call.
When I see the filings, XPLANE has 70 million shares total, not 23 million. So 156k is a drop.
Second, there is no filing for any sale of 156k share..if you see it, pls post the link.
btw, Apple CEO sold 248,000 shares of Apple at $101 late sept...so does it make Apple a sell ?
fine..after some digging, found xplane ltd, where michael tao song name is listed. so where do you find that they sold 156k shares, and how do you know they hold 23 million shares ?
dude is this a joke ?
XPLANE is based in Portland, OR and Amsterdam and is a Business Design Consultancy.