St stock up and down tide! On shell protection in the industry: divestiture of losses or injection of high-quality assets

category:Finance
 St stock up and down tide! On shell protection in the industry: divestiture of losses or injection of high-quality assets


According to wind data, up to now, there are 136 ST shares in the two cities, of which 49 are losing money in two consecutive accounting years, accounting for 36%. Up to 13 ST shares have lost money for two consecutive years and are expected to continue to lose money in 2019.

Among the 49 st stocks mentioned above, 15 companies disclosed the annual report performance forecast, among which, 5 companies turned losses, including * ST Zhongpu, * ST Yushun, * ST Yichang, * ST Tianyan, * ST deo, etc., which means that after the annual report performance is announced, the probability of the companys stock removing the star cap is relatively high. There are also seven companies, such as * ST youjiu, * ST Yangfan, * ST Longli, * ST Kaidi, * ST Jinshan, * ST Baoqian, whose annual report performance forecast is still in deficit, with a high risk of suspension of listing.

Save oneself

Efforts to divest loss assets

In spite of receiving the letter of concern from Shenzhen Stock Exchange, * ST Mengshi still went out of the market of six consecutive days trading limit, * ST Mengshi issued a notice that Ningbo Zhiyun Equity Investment Fund Management Co., Ltd., acting in concert with its strategic relationship, increased its holding of more than 21 million shares of listed companies from the secondary market from November 14 to November 27, and promised to increase it in the next three months Continue to increase the number of shares of the listed company by no less than 10 million, and become an important shareholder of no less than 5% of the listed company.

St Haima, famous for selling properties, has been losing money for two years in a row. If it cant turn the loss into profit this year, it will be delisted, so the company sold the properties. Previously, the company twice disclosed the announcement that it planned to dispose of 401 sets of real estate, including 365 in Haikou and 36 in Shanghai. At present, 156 sets of 401 idle properties have been sold, with a collection of 57.09 million yuan, and the amount of impact on the net profit is 36.68 million yuan.

At 9:00 a.m. on December 3, the three assets of * ST Salt Lake ended their public auction on Alibaba auction platform, but no buyer was found. Similar to the previous auction, the three auctions attracted more than 200000 onlookers, but no one signed up to participate in the bidding. Even if it gives a fold up, it still hasnt been photographed. At the first auction, the starting price of the three assets has been 70% off the assessed value of 25.427 billion yuan, and this auction also gives a discount of 70% off the first starting price.

Specifically, the starting price of equity and debt receivable of Salt Lake magnesium industry decreased from 12.4 billion yuan to 8.7 billion yuan, that of Haina chemical industry from 2.299 billion yuan to 1.61 billion yuan, and that of chemical branch from 3.068 billion yuan to 2.148 billion yuan.

It is understood that after each auction, the manager can choose to continue the price reduction auction or change the price through agreement transfer and other ways.

The most urgent thing now is time. As the company has lost money for two consecutive years, if it still loses money this year, the companys shares will be suspended from listing after the issuance of the 2019 annual report. According to the previous announcement, the company lost 504 million yuan in the first three quarters of this year.

The smooth disposal of assets is very important for the reorganization of the company. Now the goal is to complete the divestiture of non-performing assets. According to a company official, next, the manager and the company will actively coordinate relevant parties to participate in the bidding, so as to realize the smooth implementation of loss asset divestiture. Whether by auction or by agreement, there should be a result at the end of the month when the three assets are disposed of. It is understood that the recruitment of strategic investors of * ST Salt Lake is also in steady progress. All previous shell resource speculation by insiders ended due to supervision, China Merchants Securities Research Report made statistics on the rise and fall of all previous shell resource speculation, and analyzed and pointed out that: shell resource stocks have excess earnings in the medium term, which were 12.5% in 2011, 26.7% in 2013 and 17.9% in 2016. Shell stocks tend to rise in the early stage, which has a certain strengthening effect on the style of small ticket in the later stage of speculation. From the perspective of market trend, shell speculation has no obvious correlation with the later market. Because of the different reasons of shell speculation in each stage, the market style changes differently, but every speculation is ended because the speculation is supervised. Source: responsible editor of Beijing Youth Daily: Guo Chenqi, nbj9931

The smooth disposal of assets is very important for the reorganization of the company. Now the goal is to complete the divestiture of non-performing assets. According to a company official, next, the manager and the company will actively coordinate relevant parties to participate in the bidding, so as to realize the smooth implementation of loss asset divestiture. Whether by auction or by agreement, there should be a result at the end of the month when the three assets are disposed of. It is understood that the recruitment of strategic investors of * ST Salt Lake is also in steady progress.

Industry insiders

All previous speculation on shell resources ended due to supervision

China Merchants Securities Research Report made statistics on the rise and fall of previous shell resource speculation, and analyzed and pointed out that: shell resource stocks have excess earnings in the medium term, which were 12.5% in 2011, 26.7% in 2013 and 17.9% in 2016. Shell stocks tend to rise in the early stage, which has a certain strengthening effect on the style of small ticket in the later stage of speculation. From the perspective of market trend, shell speculation has no obvious correlation with the later market. Because of the different reasons of shell speculation in each stage, the market style changes differently, but every speculation is ended because the speculation is supervised.