SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Spekulatius who wrote (41983)3/27/2011 1:39:15 AM
From: Jurgis Bekepuris  Read Replies (1) of 78714
 
I don't think there's a point to discuss GFRE or Chinese cos with you. You won't change your mind and your arguments are not changing either.

For others though:

Why does GFRE not follow up with their stockbuy back announced in Sept 2010. They have 70M$ in cash according to their filing which is more than 1/3 of GFRE's market cap. What the hell are they waiting for.

Perhaps they should not have announced the buyback.

I am not sure they can transfer money out of China for buyback. From what I understand, transferring money out of the country is pretty difficult for Chinese cos. They definitely have to get government's permission for dividends in foreign currency, pretty sure they have to get permission for outflow/conversion for something like stock buybacks too. And it's not clear how much money they have on US side. That's where US listing is a drawback. They could perhaps buy shares of someone who's selling in China in local currency, but they would need to make a private deal for that.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News