*ST Xia Guang (000557): the "lowest restructuring" of shareholders in four years.
■ shanghai securities news
Investors who bought ST Xia Guang before 20 10 1 1.4 were suspended for a long time have suffered the most in recent years.
A frustrating reorganization. Even if there is a four-year suspension brewing, it has not been completely changed by the market.
Bones, waiting for shareholders, falling continuously. Fortunately, yesterday's strong rise in railway blue-chip stocks led to ST Xia Guang.
Breaking through the down limit, the funds that rushed to escape also accumulated the amount of funds since the company went public. Someone left, someone copied the bottom, and others.
There are still some expectations for this unsexy reorganization.
Four years later, the "harvest" has tripled.
On February 30th, 20 14, the shareholders of ST Xia Guang suddenly waited for the resumption of trading, rising from 20 10 to1.
It has been four years since the company suspended trading on April 4. However, with the help of other "Bo Reorganization" cases, it obtained a continuous daily limit.
The difference is that the four-year waiting did not make investors get the expected return, but a continuous limit-
65438+February 30th to 65438+1October 5th,
For three consecutive trading days, the shareholders of ST Xia Guang watched the daily limit smash the "crow"
Phoenix Dream, the company's share price has shrunk from 7 yuan before the suspension to 6 yuan. And this is exactly the same as the company before the suspension.
After a trading day, the daily limit was sealed, which was in sharp contrast.
The reason is that the market is not "cold" about the injection of Ningdong Railway assets with a valuation of more than 4 billion yuan.
Scheme: ST Xia Guang issues shares and pays cash to all parties including Ningxia SDIC to purchase 0/00% equity of Ningdong Railway/KLOC.
Equity,
As Ningdong Railway is now the largest shareholder of the company, in order to avoid cross-shareholding, the company will also buy back Ning directionally.
East Rail holds about 6,543.80 billion shares of the company. The estimated value of the target assets injected this time is 4.47 billion.
Deduct cash payments and
Related compensation,
It is estimated that nearly 870 million shares will be issued at an issue price of 4.96 yuan/share. After the transaction is completed, St. Xia Guang will
The total net profit for three consecutive fiscal years is not less than 654.38 billion yuan. After reorganization, the total share capital of listed companies is 654.38+0.4.
.560 million shares.
During my four-year suspension from St. Xia Guang,
The market is used to minerals, environmental protection, media, movies, mobile games and so on.
The whole process of the concept of flow from luminous expansion to dim collapse,
Expectations have greatly increased. But by contrast, St.
The Ningdong Railway invested by Xia Guang this time is neither a hot market nor an emerging industry. Its only relatively favorable environment.
",
It is a fact that the timing of resumption of trading coincides with the collective "resurrection" of blue-chip stocks in traditional industries, including railway transportation.
This is rare.
In addition to high expectations for injected assets, there are also costs for shareholders. Due to the implementation of bankruptcy reorganization, shares
East Gate has transferred its equity,
And the cost of holding shares has not increased a little-holding more than 500,000 shares makes
Cross 18%, and the part below 500,000 shares is transferred to 12%. If investors stop trading on the last day before the suspension,
"Enter" ST Guang
In the summer, only the equity transfer greatly increased the cost, and the loss intensified after the resumption of trading for three consecutive days.
Reach the limit and create a lot of money.
Finally, the turning point appeared yesterday. Because of the collective efforts of railway transport stocks such as Daqin and Guangshen, shareholders who want to ship goods
We found a breakthrough-yesterday,
ST Xia Guang continued to open at the daily limit in early trading, but "swept the goods" at the daily limit in 5.7 yuan.
Buying immediately swarmed, the limit opened and the stock price was quickly pulled up. Although the stock price once returned to the down limit, it was
After "activation",
St. Xia Guang had a heartbeat. After 10 and 10, the company's share price fell by more than 3.5%.
Accelerate the rise, the increase once exceeded 4%, but to the disappointment of investors chasing the rise, the stock price quickly fell back afterwards.
Dishes,
ST Xia Guang's share price closed flat in 6 yuan. The turnover of St. Xia Guang also set a record because of the digestion of the surging sales orders throughout the day.
The amount was-647 million yuan, and the turnover rate reached 16.88%.
Some people don't like war, some people think it is an opportunity, and the scarcity of "railway stocks". Daqin Railway is 65.438+0.49 billion.
Total share capital, net profit of 20 127 billion, supporting the total market value of more than18 billion. Ningdong Railway 20 13.
The annual net profit attributable to shareholders of the parent company is 3 1 10,000, and the net profit of several million in the existing business of ST Xia Guang is almost negligible.
If omitted, the corresponding market value should not exceed 4.5 billion at the same price-earnings ratio, and the company will always
The share capital will exceed1400 million shares. however
It may be a rare "pocket" scale of Ningdong Railway, or it may be because it hopes to
Subsequent capital operation,
Optimists always have optimists. Of course, some of them may just want to take a chance.
Short term rebound