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J.D » Comments » XFML

  • Xinhua Finance Media Offers Growth and Value [View article]
    Bravo on your eloquent additions to your analysis. You're very skilled at moving seamlessly between errors and insults, which makes you fully qualified to work for your friends at Xinhua (though evidently you're not yet sure what they do).
    Jan 11 07:00 am |Rating: 0 0 |Link to Comment
  • Xinhua Finance Media Offers Growth and Value [View article]
    The point, Asaf, is that you don't know much about this company, and less about China, so your estimates are just a gamble. Someone will make money of XFML but it's not you. Pump away.
    Jan 10 22:39 pm |Rating: 0 0 |Link to Comment
  • Xinhua Finance Media Offers Growth and Value [View article]
    It means there's no point trying to guess the value of the stock, as it has an unquantifiable risk that comes from it's ownership structure and the black-box mix of politics and business common in China. You haven't taken that fact into consideration, as you were not aware of it. So, sell your XFML and take the cash to the casino. Better odds.
    Jan 10 15:42 pm |Rating: 0 0 |Link to Comment
  • Xinhua Finance Media Offers Growth and Value [View article]
    In other words, XMFL is controlled by Xinhua News Agency (Chinese state media) through Xinhua Finance. I have a standing "sell" recommendation on all state ministries in China until they get reforms back on track.
    Jan 10 09:45 am |Rating: 0 0 |Link to Comment
  • Xinhua Finance Media Offers Growth and Value [View article]
    I strongly doubt that as lack of transparency does not equate to lack of control, but let's do the research together to be sure. XMFL is controlled by Xinhua Finance in accordance with Chinese domestic regulations, as per below. Now you check who controls Xinhua Finance.

    6. Why does the parent Xinhua Finance Limited own 36.9% of equity but control the majority of the voting rights (85.4%)?
    The shares held by XFL are class B common shares, which have ten votes per share, compared with one vote per share for our class A common shares, giving XFL effective control of approximately 85.4% of the voting rights. The dual-class common share structure was created to accommodate the regulatory landscape of China's media sector.
    Jan 09 18:46 pm |Rating: 0 0 |Link to Comment
  • Xinhua Finance Media Offers Growth and Value [View article]
    Go long state media in China? Great bet if you can't get to the casino.
    Jan 09 07:32 am |Rating: 0 0 |Link to Comment
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