Too bad American investors typically don't read Chinese webpages and are dependent on company releases and third party news. Also too bad that you keep loosing money while posing as "Mr Know-It-All".
Stop licing your paws INFN. I bought back in after the Nov conference call and am pretty happy with Santa bringing some brand new bocce balls.
And to add to my post: they knew about this problem for a while and they did not inform shareholders. If the stock tanks once the news go viral class action could follow. I said all along that their non existent PR and IR is a huge problem.
Two of Xinuan Real Estate's buildings were inspected last week. They are leaning together, causing breaks in the concrete. Apparently the buildings were deemed save to be inhabited by inspectors, but it is a disaster nevertheless and once this hits the news the stock will tank. Google: Xinyuan Real Estate leaning towers.
Looks like this might have been the trigger to revive the sector. We just passed the 50 day moving average, and technically there is nothing in the way until 3.50 (200d moving average).
And now the market turned and ........ XIN is going down. I still think that this is institutional selling, the algorithm set to sell XIN when the market goes up. Blueridge should be done selling soon, and overall roughly 2.5 million more shares of XIN were sold than bought by institutional investors.
Debt ratings have nothing to do with "share price". The only way a higher share price could help is if XIN then raises money in a secondary. That would lead to dilution.
Wrong again. You didn't anticipate that it would fall to $2.50 (actually it went even blew that) and now you think it will trade between $2.50 and $3.00 for a long time. The market looks six month ahead. Q4 earnings will be better than Q3 and so will be cash flow. Q1 2015 earnings will be even better, and any downturn risk in the Chinese RE market has been priced in to the beyond. It is old news and has hit the front pages of any major media outlet repeatedly over the last couple of month. Wallstreet is most likely already looking beyond that. So $3 with the E from Oosten in 2016 and increasing revenue from the new projects already anticipated? Don't think so, this will go higher quickly.
The catalyst may be 1) Acadian Asset Management and other institutional investors completing the sell-out of XIN ADRs, and 2) the Chinese real estate market stabilizing, 3) a 'sector rotation' leading Wall Street to buy foreign (including chinese) equities and 4) XIN revenue and profit margin increasing. Once several of these factors fall into place TPG and even the dividend won't matter much anymore. But it will take time to get there. $2.50 is a good entry point for a long term investment if one believes that this company has a future. Everything else is just speculation at this point.
2 years ago Blueridge Capital sold out - they held more than 10 million ADRs from what I remember, a large part of the float. This caused continuous downward pressure for several quarters, just as what we have seen in the last 12 month. At that point everyone was worried about XIN being a fraud and so on, but there is no indication of that. Investors - including TPG - just move on from time to time, and once they are gone someone else steps in. The talk of a Chinese real estate bubble has been the other factor affecting XIN, but that will stop at some point.
Don't think so. They have to pay 13% and any outstanding interest for the redemption of TPGs convertibles, and that could be the reason why Q4 earnings is low despite of increasing revenue. Looks like a short term problem to me.
Thanks. Q4 guidance is lower than what was projected for 2014 in the Q1 conference call based on the full year guidance.
I am buying back in at this point. Said all along the point of return was at $2.50 per ADS or after the November conference call. Time to buy and hold ....