Category: Money tips Release Date: 2007-05-04
Reform of shares held by a friend who shares resumed trading yesterday, shares of most of the time intraday decline in 35%, while it paid the right price get 4.5 shares for every 10 shares, so its quite confident that "Never mind, make a go again! "
Really "make a" manner? Not do not know, be shocked: The Ex-ago closing price and compare yesterday's closing price, the holder not only failed to make money, but lose money.
Strange, not 10 get 4.5 shares, down 45% only fair Mody? Only now down 35%, how could lose money?
This is in fact psychologically investors, "taken for granted," the misunderstanding, because this is what there is a question of calculation of the base, which is also very easily become the main shipping or deceive chip stocks as a "camouflage", investors will should keep their eyes open, proceed with caution.
We are to carry out the method of calculation is even more puzzled. For the calculation of convenience, we get four shares of 10 (ie, 0.4 per share, sending shares), ex-rights price 10 yuan, for example before: restoration of the ex-dividend date listed on a reference price 10 yuan ÷ (1 Shares +0.4 shares) = 7.14 yuan / share . Then, stock prices dropped 7.14 yuan from 10 yuan decline is how much? Should be: (10-7.14) / 10 = 28.6%. In other words, diluted shares fell 28.6%, for 10 to send four shares of the price paid is exactly the standards of a fair price (does not take into account transaction costs), if the resume trading on the first day was larger than this value, we have sustained losses in doubt. Of course, we are talking about here are based on the price of shares registered on the closing price, and before the involvement of other prices were a different matter.
As the current price level of roughly 10 to send to pay 2.5 shares and 4.5 shares of between 10 to send investors in the reference can be used a very fast method of general calculations will soon be paid to the price of playing the "7-8 fold", can be derived diluted roughly break-even point value: the price of "high by" beating seven fold, low living on 8 off. We are still 10 rides, four stocks (high-through) as an example, the seven fold to 4 × 0.7 × 100% = 28%, and above 28.6% or less; longer get 2.5 shares of 10 (low through) as an example, the 8-fold to 20%, exactly in line with the calculated values. (Wei Kong)
