Category: Money tips Release Date: 2006-10-10
At first glance the title, there will be a friend thought I was engaged in thesis writing half of primary school students, "If I was ... ..." and the like, in fact, I am here Zhengjingbabai to want to split share structure reform shareholders of the company's outstanding shares out of ideas, how the how to deal with the split share structure reform pilot started after the new situation.
If I were a pilot the company's outstanding shares of the shareholders, I would certainly applaud the reform. It is precisely because the existence of tradable shares, outstanding shares of the shareholders has been a great cruise on the uncertainty of stock sea, both the lack of adequate security, but also the lack of certainty of the expected; It is precisely because the existence of tradable shares, outstanding shares of shareholders in terms of money, spiritual and even the quality of life, etc. that have suffered the loss of outside of normal market fluctuations. So, when the Commission determined to start the split share structure reform, I am not only very much agree, but ever felt happy --- the attic from the interference of the second shoe only to disappear, and later you can sleep soundly.
If I were the pilot's circulating shares, I would certainly like to vote. First of all, I will fully examine their own hands, was selected as the pilot of the stock texture. If it is a good growth with high investment value of the shares, while management's literacy is high, with a strong sense of professionalism and stability, the chance of moral hazard is expected to appear smaller, I found this the stock has value for money, the selected pilot is undoubtedly a major positive, no matter how much of their compensation, are the equivalent of an extra gift. I will not only voted in favor by show of hands, but will buy Opening. If I was selected as the hands of the general texture of the pilot's stock, which is still normal and stable profitable company, I will carefully calculate the price of the pilot program right after the reform is sufficient to cover the light of full circulation losses resulting from market valuation model, once the right price insufficient to cover Full Circulation pattern price difference between the valuation and time cost, I would put to the vote in the pilot program to sell before the optional machine. Of course, I also hope that those who adhere to the last of the outstanding shares of the shareholders general meeting of shareholders in the pilot reform program will be firmly on their own against the cast as a warning to those who are half-hearted reform of the non-tradable shareholders. If the pilot's poor texture, such as the downward trend towards the performance and potential future losses, I will direct vote with their feet, selling trouble.
Pilot Corporation in a non-tradable shareholders and institutional investors, bargain, we have seen in the split share reform plan before the implementation, the two sides to reach even the distribution of the ratio to improve the program, virtually part of the future interests of shareholders ahead of the outstanding shares of distribution, indicating that the short-term institutional investors, or their own interests above everything else, choose the long-term development is conducive to rational decision-making market, fell to the second. Therefore, small and medium circulation shareholders should seize the time to act, ready to exercise their rights, otherwise the results of free-riding may be thrown into the non-tradable shareholders and major shareholders of tradable shares in the joint bureau do a good job.
The first pilot has started four companies announced the share reform program, the market amid continuing controversy over the program Powei fall, the market is the answer. I am bored with listening to some frequently described themselves as "irrational down" was, as the shareholders of tradable shares is greater than the cost of their hands to vote, "voting with their feet" of the costs, he chose to sell shares to avoid risk to non-rational behavior can say? Enough, or so we have to do a rational flow of shareholder bar!
