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China Eastern Airlines Corp. Ltd. Message Board

jeffreybul23 65 posts  |  Last Activity: 10 hours ago Member since: May 16, 2009
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  • jeffreybul23 jeffreybul23 10 hours ago Flag

    Yes, very frustrating. There have been so many Chinese stocks that were frauds, and of course it hurts all Chinese stocks. If Ossen was a U.S. company, they'd be $15.00+ a share. As much as I'd love to see $15.00, don't think we'll see much higher then $2.00 a share, if we can get to that level for a long time.

    Hopefully if earnings are good for the first quarter, we can get over, and stay over $1.00 to regain compliance. Then hopefully $1.50 after they regain compliance. However, we'll have to wait until late June for Q1 results, so may be a rocky ride until then.

    Sentiment: Strong Buy

  • Buy back minimum daily allowable by law. I believe it is 25% of average volume? Don't stop until all 500k shares are bought back, and/or the share price maintains the $1.00 requirement.

    Maybe if someone on the inside also bought back 500k shares at $1.00 for their own portfolio, it would show even more confidence.

    The book value is $4.00+, so if an insider made a bid for the remaining shares at $2.00 a share. They'd make a hefty profit. It'd cost them around $15 million to buy the remaining float with book value of $30+ million. They'd more then double their money in one transaction.

    There are 19.8 million shares issued, but only 7.3 float (less then half). 500k share buy back would bring that down to 6.8 million shares out of 19.3 million shares. Insiders could then pool their money, to buy remaining shares. Surely they have $14 million between them to offer $2.00 a share for a company, with a book value of $4.67 a share.

    In any case we will see share price at $2.00 in next 12 months. Probably around $1.50 by year end, and $2.00+ by this time next year.

    Sentiment: Strong Buy

  • jeffreybul23 jeffreybul23 May 21, 2016 8:17 AM Flag

    Nope, had 9 in a row. Sigh. A letter from the Nasdaq reinstating compliance would have been a good thing, but nope. If the company set a buy price for $1.00 for the 500k shares they say they'll be buying back, it would stay at $1.00 for at least the 10 days.

    They need to set a buy price at $1.00 for 500k shares until all 500k shares are bought back. After a letter from the Nasdaq, it would regain confidence in share price. It'll be back to at least $.80 on Monday, but they need to buy back shares to maintain a $1.00 requirement.

    Don't sell for under $1.00, they will regain it before the deadline.

    Sentiment: Strong Buy

  • Reply to

    Regained compliance

    by martins.c1977 May 8, 2016 12:53 PM
    jeffreybul23 jeffreybul23 May 17, 2016 9:50 PM Flag

    Martin, your math was way off. If the company regained compliance, it would have been announced last week. They need to maintain 10 consecutive days $1.00+, but only got to 9. Next time they have a $1.00 run, and they will eventually, they'll actually need to maintain 10 trading days above $1.00.

    If/when that happens, they'll get to $1.25, and $1.50 by end of year.

    Sentiment: Strong Buy

  • Reply to

    Earnings tomorrow.

    by jeffreybul23 May 9, 2016 10:52 AM
    jeffreybul23 jeffreybul23 May 9, 2016 11:31 AM Flag

    When I said they would go from $4.00 to $4.50, you said it was "wishful thinking".

    When I said they'd go from $4.50 to $5.00 within a week, you also disagreed with me.

    Then had I said we'd get to $5.50+, and again, I was correct.

    Even when I had said we'd have a correction back under $5.00 when at $5.50, you still disagreed,and yet again, they did what I had said, and corrected under $5.00..

    Told you to sell at $5.49, and buy back again when corrected to under $5.00.

    Now I'm saying we will test the $6.00 level, and you said it's BS. I'm 5 for 5, so we'll have to see if I can get 6 of 6. Either way, sell order in for $5.99, and will buy back when settles around the $5.50 level.

    Sentiment: Strong Buy

  • jeffreybul23 by jeffreybul23 May 9, 2016 10:52 AM Flag

    I think XIN will beat expectations,
    earnings will be up from last quarter,
    and also up from 1st quarter of 2015.

    The conference call will be positive, but we will see that XIN was a little more aggressive with buybacks in the 1st quarter, as they'd like to see share price stay above $5.00.

    With better than expected earnings, positive conference call, and more aggressive buybacks, $6.00 within a week of earnings announcement, so by next Wednesday. The big question is, will they be able to hold above $6.00?

    I have a sell order in for $5.99, and even above the $6.00 level, we'll see a correction. I'll buyback at $5.49 after selling at $5.99.

    Sentiment: Strong Buy

  • .... Hear about the regaining compliance by end of week. If not, we have 9 more to go, so we won't hear about the letter for another 2 weeks. I'd rather see it this week. The Nasdaq is good about sending out letters, so they send it to the company right away, so they'd get it before end of this week.

    In any case the share price should be $3.00. A larger similar company that uses them as a supplier, would be crazy not to inquire them at $2+. Book value is over $4.00+.

    Sentiment: Strong Buy

  • Reply to

    Regained compliance

    by martins.c1977 May 8, 2016 12:53 PM
    jeffreybul23 jeffreybul23 May 9, 2016 7:31 AM Flag

    Hope you are right, but I'd be fine with $2.00 a share. $3.00 would be better :-)

    Sentiment: Strong Buy

  • Reply to

    Should be at $3.00+

    by jeffreybul23 May 7, 2016 8:05 AM
    jeffreybul23 jeffreybul23 May 9, 2016 7:29 AM Flag

    Hopefully you are right. It'll be positive news if they announce compliance by end of week.

    Sentiment: Strong Buy

  • jeffreybul23 by jeffreybul23 May 7, 2016 8:05 AM Flag

    A company who uses them as a supplier should think about putting in an offer to buy for $2.00 a share, as the book value is over $4.00, they'd be doubling their money right off the bat, and be able to supply their own projects at lower costs.

    Sentiment: Strong Buy

  • jeffreybul23 jeffreybul23 May 6, 2016 10:25 PM Flag

    They are on their last extension. Either they stay at $1.00 a share, or above, they'll have to do something. They shoulda bought back as many shares as possible yesterday to get to the 10th day needed. 1 of 10. Hopefully Monday will be 2 of 10.

    Sentiment: Strong Buy

  • Need 10 consecutive days $1.00, or over to regain compliance.

    Sentiment: Strong Buy

  • Someone putting in buy orders at $1.00. Keep it up. One more day, and then regain compliance.

    Sentiment: Strong Buy

  • Only two more trading days of $1.00+ and we regain compliance, so set your buy orders for $1.00+, to help keep the share price up. If all goes well, the company could get a letter next week to let them know that they have regained compliance.

    Sentiment: Strong Buy

  • Once we get to 10 trading days closing above $1.00, the Nasdaq will send a letter to OSN, notifying them that they are in compliance with Nasdaq rules.

    When that happens, $1.25 a share. $1.50 by end of year.

    Sentiment: Strong Buy

  • CREG has a chance of doing well at some point, but when? If they do a reverse split, you'll see a big drop, but maybe some sort of rebound after reverse split.

    Both XIN and OSN have buy back programs, that they can implement buybacks to get stocks/share price to go up, and maintain rules and regulations.

    However, they do have somany shares out there, that they would do a reverse stock split, not helping ou the stock pric,e, but a buyback would go a long way.

    What are the pros and cons of jumpimin in at these levels? Considering putting some monies in.

  • More than half way there. Closed at $1.10, and hopefully above $1.25 after they regain compliance.

    Sentiment: Strong Buy

  • Half way there, and they must have listened to my previous posts, even no one else has :-)

    Company can buy up to 500k more shares, which is only 2.5% of total shares, but can still keep share price above $1.00+ to regain compliance. Once compliance is regain, we'll see a nice pop in the stock. Hopefully $1.25+, and $1.50 by end of year.

    In the meantime, set your buy orders at $1.00, to keep share price in compliance for 5 more trading days.

    Sentiment: Strong Buy

  • C'mon 6 more days. Set buy orders at $1.00, so we can stay above $1.00.

    Sentiment: Strong Buy

  • jeffreybul23 jeffreybul23 Apr 27, 2016 6:37 PM Flag

    I wish. We'll never see $100.00, but $6.00, by next earnings announcement.

    Sentiment: Strong Buy

CEA
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