17 Lifting Of The Ban Shares Larger

Next week, a total of 30 companies are facing restrictions on the sale of restricted shares, of which 13 are the initial shareholders, and 10 are the initial institutions. stock right There are 3 restricted and restricted shares, 2 shares in the private placement institutions, 1 restricted shares in stock options, and 1 in the rights issue. There are 21 small and medium sized companies and GEM companies listed since 2009.

Among the above companies, 17 of the lifting stocks accounted for more than 20% of the total shares, indicating that the selling pressure was greater. There are 15 companies predicting this year's performance, of which the largest increase in forecast is COSCO Shipping (600428, stock bar), a 100% increase in advance. The biggest reduction is the Valin steel (000932, stock bar), a pre reduction of 1766%. The valuation of these companies is generally high, and the highest valuation is Guangsheng nonferrous metals (600259, stock bar), the latest T T M M is 351 times, and up to 19 times more than 40 times.

"There is little relationship between the size of the restrictions and the categories of restricted shares". Chief inspector According to the company, shareholders of state-owned enterprises will reduce the sale of restricted shares because of performance appraisal. The shareholders of non state owned enterprises basically look at the price.

Judging from yesterday's closing price and shareholding price, the difference between the 3 non tradable shares is relatively large. The price difference of Guangsheng nonferrous metals is the biggest, the closing price is 57.61 yuan yesterday, the initial price is only 4.40 yuan, and the technology (600862, stock bar) and ST min electric are following closely. Under huge profits, shareholders' expectations are stronger.

Yesterday's closing price and shareholding price difference were the smallest of 7 stocks. According to the closing price, although the company had 002489 shares, 300130 new stocks (300130, stock bars), electric appliances (601877, stock bars), video technology (002337, stock bar), Hinur (002485, stock bar), Daikin Heavy Industries (002487 shares), Tiandi Ke (300047, stock bar) broke down, but it seems that there are no signs of stop from the stock trend and price earnings ratio. Among them, the price earnings ratio of Daikin heavy industry is more than 60 times, and the new state capital and Tiandi Ke price earnings ratio is more than 50 times, but for these shareholders, breaking down also means the possibility of cash down.

Pay attention to price difference between stock price and issue price

According to the previous rule, if the controlling shareholder or the actual controller is all in the initial shareholder's restricted stock, there will usually be a lock up period of 36 months, such as the latter. company The shares transferred by directors and senior managers shall not exceed 25% of the total number of shares held by the company. 6 months after leaving office, the shares of the company shall not be transferred.

However, some executives want to cash in and leave 6 months before the lifting of the ban. For instance, before the announcement, the former senior management Mr. Dong Zhejin and Mr. Tang Jing no longer acted as deputy general managers of the company since June 1, 2010, and no longer served as senior managers of the Fourth Board of directors. Of course, the stock has broken down and its cash flow kinetic energy has weakened. While Optoelectronics (002338, stock bar), although the stock price is down by nearly 40% from the highest price on the first day of listing, it is still 67% higher than the issue price.

It is worth noting that, since 2009, the 21 small and medium sized board and GEM stocks listed in the market are mostly affected by the lifting of the restricted shares, and only the shares of Frey share (300049, stock bar) are more independent.