Like I said stock is faltering after 2 days of wonder.
People talk about dividends and movement of the stock like it is a normal stock. They are wasting their time. It is nothing but normal stock.
Again the blame lies on management and board of the company.
Why would you trade on a stock exchange if don't want higher stock price?
What is the point of XIN trading at fraction of book value year after year? It is merely a trading vehicle for small time traders. There are no big investors in XIN because company has utterly failed to sell its story to WS.
If this was an American company, management would be gone and company taken out log time ago.
In addition to running business, it is management's responsibility to make sure that the market understands the business and shareholders are rewarded in the long run. Even taking 6% dividend, IPO investors of XIN have actually lost 60% of their value while company has probably grown at least 5 times and profits have grown 10 times.
Those who are in XIN for a small dividend and looking for miniscule capital gains, there are literally thousands of stocks that offer that without the XIN's agony.
If one is in XIN, he/she should be in for 5X to 10X bagger, otherwise you are wasting your time.
Nope still holding what i bought last week, but I am starting to get worried. We had great momentum for 2 days and seem to have lost it which has been pattern for last 2-3 years.
I will probably hold it for another month or so. If there is no action from management, i will sell.
the share price will languish once again.
i have been in this for last 3 years and that has been the history and it is one of the most frustrating stock. Sometimes it seems like management has absolutely no desire for higher stock price for whatever reason.
Even if they are making gold out of thin air.
After all this, this trades at 12X forward revenue over 200 billion dollars?
Really? its almost like BABA has infinite growth ahead.
tens of Billions!
WS = The biggest wealth transfer machine in the world!
Including that big mouth, wiesel on CNBC
They have chance to buy their own highly profitable (PE=3) business for pennies on dollars (25% of book value)
This is once in a 25 years opportunity. I hope they are not that dumb.
Otherwise it will be just 1-2 days wonder and languish like it has been for years.