Three stocks, such as LETV, will be delisted soon? Do not bosha in the delisting consolidation period

category:Finance
 Three stocks, such as LETV, will be delisted soon? Do not bosha in the delisting consolidation period


According to the data, LETV was founded in 2004 by Jia Yueting. Looking back on the rise and fall of LETV, on August 12, 2010, LETV officially listed on GEM. Then, under the leadership of Jia Yueting, he embarked on the so-called ecological anti expansion road. In 2011, LETV film industry was established, in 2012, LETV Zhixin was established, and in 2014, LETV cloud, LETV sports, LETV mobile and LETV automobile were successively established. On May 12, 2015, LETVs share price reached a historical high of 179.03 yuan and its market value exceeded 170 billion yuan. In 2015, LETV announced to enter the mobile phone industry in an ecological mode.

According to Tianyan, LETV holds a registered capital of 1 billion yuan and Jia Yueting holds 92.07%. Up to now, Jia Yueting still holds more than 23% of the total equity of LETV, and is a major shareholder of LETV.

For the decline of LETV, capital market and Internet industry have their own views and opinions. In the eyes of many people in the industry, in August 2016, LETVs mobile phone supply chain was exposed to financial problems, which started the domino effect of LETV system crisis. In the early years, Jia Yueting always pursued the ecological strategy of platform + content + terminal + application, which is often called LETV ecology. In 2015, LETVs ecological anti came into the public view for the first time. In the future, LETV has been involved in many fields including film industry, mobile phone, color TV, smart car, etc. In short, each ecological business is combined to produce chemical reaction and release huge energy.

Logically, platform + content + terminal + application and ecological anti are feasible, but they are not effective in actual operation. First of all, when it comes to ecology, its natural to associate with apple, Google, Samsung and other technology enterprises. Its worth noting that they have choices in the business they are involved in, for example, apple only makes boxes instead of color TV sets; Google does automatic driving but doesnt make cars by itself; Samsung has many different businesses in South Korea and the world, and it is one of the largest panel manufacturers in the world.

Secondly, from the current point of view, its ecological theory is lack of circulatory closed-loop. For example, LETV has successfully broken the closed loop of traditional color TV industry, making Internet TV the mainstream category. However, the closed-loop of making money by using content ecology to supplement low-cost hardware has not been done well.

Zhang Yi, CEO of Aimei consulting, said, LETVs failure is not an ecological failure. But the founder Jia Yueting is too greedy. Jia Yueting wants to do too much, and uses too much financial leverage in many projects, leading to the final problem.

About 10 stocks with a share price lower than 1 yuan

Similarly, geeya technology, which attracts investors attention, is about to enter the delisting consolidation period together with LETV. Shenzhen Stock Exchange said that the companys audited net profit attributable to shareholders of the listed company for three consecutive fiscal years from 2016 to 2018 was negative, and the listing of the companys shares was suspended from May 13, 2019. On April 28, 2020, according to the 2019 annual report disclosed by geeya technology, the companys audited net profit in 2019 and net profit after deducting non recurring profit and loss are all negative, which touch on the situation of the stock delisting of the exchange.

At the same time, Sinovel wind power, once the leading wind power company, landed on the Shanghai Stock Exchange in 2011 with a issuing price of 90 yuan. After the listing, Sinovel wind powers performance changed face. In 9 years, there were 4 years of huge net profit losses. After 10 years of listing, on April 13, 2020, the closing price of 20 consecutive trading days was lower than the par value of 1 yuan, triggering delisting. The reporter noted that during this period, in 2013, St Ruidian was exposed that there was financial fraud in 2011, and then was put on file by the CSRC for investigation.

Public information shows that since 2020, the listing of * ST Qiulin, * ST Yingfang and Tianxiang environment has been suspended. On May 15, there will be another suspension of the listing of * ST Xinwei and * ST Oupu shares, either because of poor performance or because the face value is lower than the face value for 20 consecutive trading days. As of December 17, there were about 10 stocks with a share price lower than RMB 1, among which the lowest price of * ST Mido was RMB 0.61/share.

It is estimated that there will be more than 10 delisted enterprises in gem this year

The reporter learned that the new securities law, which was formally implemented on March 1, clearly and comprehensively implemented the registration system for the first time, and that the listed companies public issuance of securities in merger and reorganization also applied the relevant arrangements of the registration system, while the specific scope and implementation steps of the registration system were also stipulated. Listing to implement the registration system, we do not need to buy a shell, shell resource value is declining. Pan Helin, executive director of the Institute of digital economy, Central South University of Finance and law, said.

Data shows that in 2019, 18 companies in Shanghai and Shenzhen were delisted. New era securities expects that the number of delisted enterprises on the gem in 2020 may be significantly higher than before. According to the new regulations, there are currently more than 80 gem shell resource companies. If the delisting ratio is calculated at 20%, the number of delisted enterprises is expected to be more than 10.

Investment reminder

The reporter learned that at present, St Ruidian has entered the delisting consolidation period on May 13, and LETV and geeya technology will also enter the delisting consolidation period on June 5. According to the regulations, except under special circumstances, the listed companys shares will enter the delisting consolidation period from the next trading day after the expiration of 5 trading days after the date of the Shanghai Stock Exchanges announcement of the decision to terminate the listing of its shares. The trading period of delisting consolidation period is 30 trading days, and the suspension of trading for a whole day is not included in the 30 trading days, but the accumulative suspension shall not exceed 5 trading days. Except for special circumstances, the price of delisted stocks is limited to 10%. With the increase of delisted stocks and the decrease of shell resource value, investors should avoid speculating on delisted stocks and do not lick their blood. Panhelin suggested that there is still a situation that large shareholders withdraw from the market after hollowing out the value of listed companies, and small and medium-sized bulk investors will pay for the losses. Therefore, the system of protecting the interests of small and medium-sized investors needs to be strengthened in the future. Source: responsible editor of Guangzhou Daily: Yang bin_nf4368

The reporter learned that at present, St Ruidian has entered the delisting consolidation period on May 13, and LETV and geeya technology will also enter the delisting consolidation period on June 5. According to the regulations, except under special circumstances, the listed companys shares will enter the delisting consolidation period from the next trading day after the expiration of 5 trading days after the date of the Shanghai Stock Exchanges announcement of the decision to terminate the listing of its shares. The trading period of delisting consolidation period is 30 trading days, and the suspension of trading for a whole day is not included in the 30 trading days, but the accumulative suspension shall not exceed 5 trading days. Except for special circumstances, the price of delisted stocks is limited to 10%.

With the increase of delisted stocks and the decrease of shell resource value, investors should avoid speculating on delisted stocks and do not lick their blood. Panhelin suggested that there is still a situation that large shareholders withdraw from the market after hollowing out the value of listed companies, and small and medium-sized bulk investors will pay for the losses. Therefore, the system of protecting the interests of small and medium-sized investors needs to be strengthened in the future.