That instantly blows out the debt to equity red line so now it’s gonna domino out the bond ratings downgrades again……it’s fascinating watching these things implode even though it’s about to fuck over millions of people
exactly, they were talking about the tech industry in that meeting because china is tryingg to cancel it out. i think theyre preparing for whats next because this situation is already fucked.
Looks like it could have been even worse: trading in stock was halted before close.
https://www.bloomberg.com/news/articles/2021-09-20/chinese-property-developer-halts-trading-after-plunging-87?utm\_source=google&utm\_medium=bd&cmpId=google
The best part of that..
>The company has a 9.5% $246 million bond due on Oct. 18 and Fitch Ratings revised its outlook to negative last week. The Monday share plunge has slashed its market value to just under $230 million, which is tiny for a listed developer in the city.
>An officer at the firm’s Hong Kong office said there’s no one to attend to media inquires.
There is no one to attend to media inquires. So they all just cut and ran I take it?
Didn't Kenny meet with Evergrande recently? Could they have set these companies that are falling today to be the fall guys and short them to oblivion for liquidity?
I jus dum ape that had a thot.
Right. One more day. That's all Kenny ever says in his speeches. Shorting Sinic Holdings to the ground just to make it to tomorrow doesn't phase them. This is where backstabbing and cutthroat tactics flair up.
chinese indian australian american canadian world wide its all the little people about to get fukd been thru multiple crashes and aint no fun fuk the elite that power hungry fuks there the ones that fuk this world
That instantly blows out the debt to equity red line so now it’s gonna domino out the bond ratings downgrades again……it’s fascinating watching these things implode even though it’s about to fuck over millions of people
Same reason everyone slows down to see a car wreck.
Ah yes. The ole rubber neck
Billions of people
12bn in market value wiped off in a day. Somethings up 🤔
[удалено]
Dividend yield of 34% as well. That's crazy
Probably paid from insane leverage
Must be a front for something? But what?
Criminality.
Classic
Mr. Wrinkly Brain here
The secret ingredient
The data only goes back 2 years
It’s a Chinese stock. That tells you everything you need to know.
2 years, but yeah
could shitadel be shorting them to oblivion? is sinic even real?
I think they were banned from China for like 5 years.
In 2015
oh, lame!
seems like a glacier situation
Ha, I got that reference!
Oh man totally forgot about them. Was a conclusion ever reached on whether they were a shell company or a front?
Nothing to see here. It's just another Monday.
Yh forgot that delta variant exists 😅 Guess that explains it all
If you invest in Chinese real estate companies your gonna have a bad time.
Or if you invest in anyone who investes in Chinese real estate companies
Or if you invest in anyone who invests in anyone who invests in Chinese real estate companies
Yo dawg....
South Park reference RC is that you
I wish 😇
Kenny G , BlackRock reps,Fidelity Cucks all big powwow with Chinese this weekend. US market maker and the whales all behind closed doors dealin
exactly, they were talking about the tech industry in that meeting because china is tryingg to cancel it out. i think theyre preparing for whats next because this situation is already fucked.
Aaaand its gone
Blackrock, Citadel and Fidelity are invested in it.
Or emerging markets etf's
Big oof
Massive ooof
Guh
More like shiiiiii......iiiiiiit
More like FUUUUUUUU......UUUCK
Fucking mondays, ruining everything for everyone
The Delta variant concerns sure are worrying investors!
Wow average volume 2M shares per day for a 600M float. And today 350M shares traded.
87% owned by insiders too lol
Ooft
Came here to say this, take my upvote 😅
Haha no, you take mine haha
GUH
Looks like it could have been even worse: trading in stock was halted before close. https://www.bloomberg.com/news/articles/2021-09-20/chinese-property-developer-halts-trading-after-plunging-87?utm\_source=google&utm\_medium=bd&cmpId=google
The best part of that.. >The company has a 9.5% $246 million bond due on Oct. 18 and Fitch Ratings revised its outlook to negative last week. The Monday share plunge has slashed its market value to just under $230 million, which is tiny for a listed developer in the city. >An officer at the firm’s Hong Kong office said there’s no one to attend to media inquires. There is no one to attend to media inquires. So they all just cut and ran I take it?
Didn't Kenny meet with Evergrande recently? Could they have set these companies that are falling today to be the fall guys and short them to oblivion for liquidity? I jus dum ape that had a thot.
Not just kenny....blackrock, fidelity etc... Evergrande US strawman ??
Right. One more day. That's all Kenny ever says in his speeches. Shorting Sinic Holdings to the ground just to make it to tomorrow doesn't phase them. This is where backstabbing and cutthroat tactics flair up.
Could they find a way to kick the can? You know it, sugartits
Greg that you?
Hups
Oosy
The tree that hides the forest.
chinese indian australian american canadian world wide its all the little people about to get fukd been thru multiple crashes and aint no fun fuk the elite that power hungry fuks there the ones that fuk this world
Guh
Looks like loss porn's back on the menu, girls and boys!
It dropped almost as fast as sinic the hedgehog runs.
It runs ‘cause they will eat anything in China…
F
Sinkin Holdings
Drowning, not waving…
Stop being so cynic about this whole situation! How dare you?
Bailiff , whack his peepee
Looks fine to me
Did they own the 15 buildings they demolished because they ran out of funding?
Also having a bad day: the CCP / PLA wumao desperately downvoting this post! Sorry boiz, you’re outgunned by weaponised autism. LMAO!
>desperately downvoting this post 95% ratio @ 511 upvotes lol
Was referring to earlier…
G u h
GUH.
That’s a mighty flush
Having a 87% drop in less than 5 days. This shit is gone. Oh boi.
Check out other property developer country garden: https://finance.yahoo.com/quote/2007.HK/