So, they can be buying any time, any day, and will hopefully continue, until share price is at least $5.00 a share. After that, I don't care as much.
Pops today, in anticipation of good results tomorrow, and then come back down?
Or, cautious investors hold and wait, until good results are reported, and then buy on the news?
Either way, we'll see a pop. I'd prefer to see a pop in anticipation, and another pop on the news :-)
No, not as "dump" as the person saying dump. Learn how to speak.
After a share price of $5.00, Institutional investors, mutual funds,etc., will then start to buy, and the share price will be in range that most brokerages allow you to margin against, so between those two factors, they wouldn't need to spend the money buying back shares, as others will be doing that for them.
Maybe the new CFO Mr. Liu Savills can bring XIN's stock price up to Savills' (SVS.L) price,
Can dream, can't I? :-)
At least he brings in some experience, so the markets shouldn't worry. If anything, they should be excited that someone would leave a high paying job, from a larger company, to work with Xinyuan.
We'd see $5.00+ easily.
If they continued to purchase shares, as long as the remain under book value, then $7.50+
Hopefully they bought another million+ shares back in Q1, and are still buying in Q2.
Will increase future EPS, Book Value, and reduce the float, and future dividend expense.
Keep Buying!!! $5.00+ by end of 2015, $10.00+ by end of 2016.
They are due to a pop, but the questions is, "can they stay there"?
Just one piece of good news, positive earnings, buyback program, new contract, etc., and we see $1.50 instantly.
More good news issued/reported, $2.00+ easily.
If they offered a buyback program the same size as their current market cap, they would potentially buy back all shares in the float, but as soon as a buyback program was announced, the share price would double.
Couldn't be better news. They will continue to buy back shares, until the share price is above $1.00. That's about an 80% jump in share price by years end.... easily.
But still under $1.00? If they continue to buy back shares aggressively, they will own the company out right. If one of my other stocks does well enough for me to sell those shares, I'll definetly think of putting it here.
Need to close above $1.00, for 10 consecutive trading days, to have delisting notice lifted.
9 more to go!!! If anyone is going to buy, buy at the close with $1.00 Limit Order.
brian, you are a Gentleman, and a Scholar. I think I'm going to take a dump.
XIN $6.00+ by end of year.
If it went to $834.00 on 10k shares, I could afford to live in NY. When you combine state, local, etc. taxes, NY is the highest in the country. Add that to tons of snow, and cold, it's the perfect place to live :-)
Hopefully we will see it again, by end of year.
They have enough cash to issue a Share buyback, so not worried on price going under $1.00, and staying there.
More risk to the upside, so wouldn't want to be short CNTF.
XIN, AND CNTF
Bought XIN around $2.85, and expect $6.00, but have sell order in at $4.99.
Bought CNTS around $1.02, and have sell order for $1.99, but expect them to get over $2.00.
I wouldn't touch NMXS and ALN with a 50 foot pole.
SUTR, and SKBI have potential.
roel, forgot to include CCCL. Sold at $1.70 and bought back at $1.30. Will get to $2.00+, I have a sell order in for $1.99.
Also, above I wrote "Bought CNTS", it was supposed to be CNTF/