Category: Money Tips Date: 2006-06-08
In the tradable markets, the allotment price is reasonable? Investors should not to participate in placements? How to prevent risks to obtain a profit? This has become a recent market floats a new problem.
Industry experts said that for small and medium investors, the first thing to consider is the placement of shares prices, high or low, whether the difference; followed by diluted its stock price should also be considered Change space and index trends in a variety of factors. Under the conditions of the first placement of shares to tradable Company G Humanwell, for example, the allotment distribution program is to make the company a total share capital of 20333 million shares in late 2004 as the base, with three shares per 10 shares to all shareholders to subscribe for the proportion of share placement price Manual placement of shares before the release of the 20 trading day average closing stock price of 65%, specific price is 3.8 yuan / share. The company's largest shareholders will be fully committed to subscribe for its share of the allotment.
According to "listed company's securities issued Management Measures" requirements, allotment price discount range for the manual placement of shares in 20 trading days before the release of the 65% -85%, G Humanwell based on 65% of the lower limit to the shareholders to subscribe. G Humanwell yesterday's closing price of 5.9 yuan / share, in view of 3.8 yuan share placement price, relatively speaking is not high. The view was expressed that the placement of shares with lower prices will help investors to the cost of diluted ownership. Although the IPO after the face of a natural ex-dividend, but the rebound in the stock market circumstances, the effect will be only short-lived to participate in a profit allotment can be foreseen. But there are also investors, said that since G Humanwell share price has been greatly increases with the broader market, even if the company at the lowest discounted price to the placing, its price is not low.
At the same time, tradable under the conditions, major shareholders involved in a substantial increase in the enthusiasm of allotment. Although still limited sale of its allotment period, the circulation has been expected, which will completely change the previous largest shareholder but does not participate strongly in favor of the allotment and infringe upon the legitimate rights and interests of minority shareholders the undesirable phenomena. For example, G-fu controlling shareholder who intends to subscribe for cash all of the placing shares, plus up to 5-year lock-up period, showing the controlling shareholders of listed companies the confidence, but also reduce the risk of small and medium investors holdings.
Industry experts said that the participation of allotment, investors should also be Prior to the completion of fund-raising project and the allotment project for analysis. Allotment project construction can proceed smoothly, the project put into production after the product is marketable, the company management level and technical strength can keep up with, are able to affect the allotment of funds within a predetermined period of the key results.
The industry also reminded investors, the allotment will be after the implementation of ex stock, prices will drop accordingly. Willing to participate in the shareholders of allotment, should give full consideration to the stock ex may cause the loss, the best way is to placement of shares before the stock dished out.
