Intensified last week, the phenomenon of new shares break. Zhouyi Hai Li Mita, Zhendong pharmacy break, on Thursday show strong stake Sinovel break, not only were all stuck to the ballot, and gave a bullish broker note the trend of the stock resounding slap in the face. In this regard, market participants believe that the small-cap shares, or breaking open a new round of damp, short-term hit new risk is gradually increasing.
Sinovel a meat grinder
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout listed on the last Monday Highly Mita, the day to close at 39.36 yuan / share, representing an issue price fell by 1.6%; on Friday, shares listed on the GEM Zhendong pharmaceuticals, although the issue price listed on the first day hold, but in the second Dealing Day will fall below the issue price; Sinovel the first day following the break on Thursday after another plunge yesterday's 4.3%, to close at 77.87 yuan, if the average investor does not sell the stock on the first day, each in a loss of nearly 9,000 signed; the West on Tuesday, pump listed shares also fell below the issue price yesterday.
shares in major financial Web site, right in the recent IPO investors were frequent hot break, releasing the hearts of some angry poetry, while others applauded. Tickets have not yet re-set the old solutions, new shares add new worries again. Zhendong Zhendong Pharmaceutical Group, the controlling shareholder, the control group were 97.13% Zhendong Li Anping holds shares and 57.9 million shares of the company. To estimate the closing price of 11, Li Anping, the market value of direct and indirect holdings shrunk 1.3 billion. Thursday Sinovel break the first day of listing, the stock market value has shrunk dramatically over 8.6 billion yuan, of which the market value evaporated chairman Han Junliang holding nearly 10 million. General Manager of Shanghai Stock Exchange's first two shareholders Wei Wenyuan, the nations first president Han Zhidong securities were also losses of about 770 million yuan and 1 billion.
However, Han Zhidong comfort investors: I will put everyone's ideas, as conveyed to the shareholders Huarui management. shares has frequently break, causing the market's attention. Leatherback Island known financial commentators believe that, based on the status of China's stock market, new issues need to Second look at equity, the total share capital of the target can not be too large. Also, consider the issue of price-earnings ratio and the absolute price, starting price at 20 yuan, the security will be higher. -
month break: six new shares touch 15 organizations trap mine
shares and now break. Outcry over the investment community.
2011 opened in years, starting from January 7 listed a total of 16 new shares.
Zhangshengyipian not only see the effect of new shares, and the dismal earnings, loss of effect is obvious.
According to statistics, in 2011 the 16 listed stocks, there are two stocks for the board, 10 for the GEM, four small plates for the listing. And as of last Friday, below the issue price of the stock total of 6 pieces are Sinovel (601558.SH), show high shares (300160.SZ), Highly Mita (002537.SZ), Zhendong Pharmaceutical ( 300158.SZ), housing Po (300155.SZ), West pump shares (002536).
the advent of such a break damp, undoubtedly increased the market shares of investment questions. The sign from the
break, the market is rational or irrational?
after the restart from the IPO, the pricing of new shares A-share market has been criticized. 2011, breaking the face of such a damp, what is the market is too pessimistic, or the market is too rational, or is still priced too high?
us look at each company directly to the issue of price-earnings ratio.
the 16 companies listed on the arithmetic average price-earnings ratio is 86.41, which the new research shares (300159.SZ) topped 150.82 times, the lowest Sinovel 48.83 times.
on Thursday, the broader market was up 6.4 points, and ranked first in the drop list is shares N Huarui (601558.SH), is listed on a wind power company.
as a wind turbine manufacturer, Sinovel has become the highest issue price of the Main Board listed company. Main Board listed the first performance was very sorry the status of the high issue price. After opening the stock spiraling lower Sinovel eventually fell 9.59%.
1 月 11 state forest Listed on heavy machinery (002535.SZ), listed three days straight Yindie. A similar trend of frequent, the IPO market can be described as bleak one.
out of the market to determine the cause of no more than: money, value, market sentiment.
IPO too early, 16 new shares short amount of funding required for the huge explosion. Lack of financial support outside of the market is difficult to only put up so many new shares; average 86.41 times earnings, had become an important reason for a break; now about the vulnerability of the broader market turmoil in 2800, can not go up stuck atop the state has not been break, capital uninterested, emotions have taken advantage of the new reduced speculation.
this, the Shenzhen, a private person,
healthy functioning of the market is probably a good thing, but on captive investors, is a double loss of time and income.
15 家 agencies apply, Information Management, China Merchants Securities in three consecutive good injury
break behind, what is the competing interests, who is sad Who is Joy?
Sinovel as representatives of these shares in the listed on the first day of the echelon, did not see the bodies disappeared. The top ten shareholders, there are nine PE, accounted for 56.48% of the shares.
equity investors see Sinovel this highly promising, and Shun securities underwriters in the stock market before also showed full confidence, or even want to copy the National Technology (300077.SZ) IPO when lively scene of prosperity. (National Technology in April 2010 listing, the issue price of 87.5 yuan, the first day of opening 161 yuan). Shun the securities industry, researchers will also be their first day of listing price range set at 95 yuan -110 yuan.
However, CITIC Securities, said Yang Fan, an industry researcher, Sinovel issue price of 90 was high.
after the break, one must pay for those. As of last Friday's close, five new shares to break a total market value evaporated 1.5 billion. According to statistics, 16 new shares, a total of 15 brokerage firms, raised funds, pension funds, trusts, etc. entered the top ten shareholders.
injuries than most investment securities set of asset management plans, the cash cow of China Merchants Securities is a collective asset management plan based on new shares and convertible bonds and money funds, stocks and convertible bonds investment accounted for no more than 20%.
past ten shareholders of view, this cash cow has participated in 16 IPOs in the three. Highly Metroplex were 62 million shares, 45 million homes Po, show strong 78 million shares, it is unfortunate that all three stocks break out.
According to public information, this product of the investment manager for the Shen Weiguo, China Merchants Securities is the investment management department of the Vice President. Investment in three new shares are the phenomenon of break can be described as rare in the A share market.
in its third quarter report that only products are the most difficult period, bond yields low, and they frequently break new shares, the manager in order to avoid the downside risk has been voluntarily given up some venture capital.
and now breaking in the case of 3 strands together, the only cash cow worrying future investment income.
Although the (Financial weekly)
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