Changfang Lighting, a Shenzhen GEM company that just listed in March this year, its performance in the first quarter rose 70%, but after three months of performance, its performance only increased by about 10%, which also led to the stock price resisting the GEM. After the impact of the city system and the restrictions on the circulation of restricted shares, it finally fell and broke in early July, but the company plans to launch 10 shares to 15 shares to distribute 2 yuan red envelopes to make its stock price for three consecutive daily limit, the stock price also returned to the previous institutions The cost price is nearby, and the agency took the opportunity to sell more than 70 million yuan. Behind this series of actions, investors can not help but suspect that there is a suspicion of “trusting the market†behind the company’s high-transfer plan.
The institution has been eager
As a new stock that has just landed on the GEM at the end of March this year, Changfang Lighting has been favored by institutions since its listing. Since its listing, there have been institutional seats to appear in the top five of the list, and the amount that the institution buys in the secondary market in just one month. More than 80 million yuan.
From the day of listing on March 21, there were 3 institutions that bought a total of more than 13 million yuan. On the 22nd, the two institutions bought a total of 13 million yuan. On the 23rd, another institution bought a total of about 7 million yuan. One institution bought 1.8 million, bought more than 6 million on the 28th, and bought more than 1.5 million on the 29th.
By the end of April, the agency had once again set off a buying spree. On April 18, an institution bought 18.5 million yuan, and the two institutions bought a total of 10.5 million yuan. On April 20, the two institutions sold 4 million. On April 23, the two institutions bought 4 million yuan. On the same day, the four institutions bought a total of 21 million yuan, while the two institutions sold 10.5 million yuan. In particular, on April 23, due to the impact of the GEM's delisting system, the GEM stocks fell sharply. However, the Changfang Lighting was once again actively bought by the institutions.
Just three days later, Changfang Lighting announced a quarterly report. After the net profit increased by 77%, the organization did not appear in the top five in the secondary market, and the stock price also maintained the situation of not rising or falling.
On June 19th, the company's 5.36 million restricted shares were placed on the market (issued at 20 yuan/share), and its share price also did not waver.
Institutional escape
On July 5th, the company's share price suddenly began to fall sharply, quickly fell below the previous platform, and then fell below the previous period of the average purchase price of 20-21 yuan, announced on July 9, the company is expected 2012 1- Net profit in June increased by 1.61%-11.44% over the same period of the previous year, which was a significant slowdown compared with the first quarter.
After that, its share price fell all the way, the lowest price reached 16.40 yuan.
However, on July 19th, the company said that it intends to launch a high-transfer plan for the interests of investors, and its stock price has also changed its daily limit. Since then, it has continued its daily limit for two consecutive days, and the stock price closed at 22.57 yuan. However, on July 20, an institution sold 3.07 million yuan. On the 23rd, four institutions sold a total of 70 million yuan. On the same day, according to the closing price, the market value of circulation was only 609 million yuan. In other words, most of the institutions that bought in the secondary market in the previous period fled in the current limit, but the benefits were not large.
The main business of Rectangular Lighting is white LED packaging for lighting. A securities researcher said that with the domestic LED lighting subsidy policy landing, the global incandescent lamp is banned gradually into the substantive stage, and the LED lighting cost has a certain competitiveness compared with traditional lighting, LED lighting market has gradually started. However, as price competition tends to be fierce, the company is faced with the risk that the cost control plan is imitated, the low-end segment market tends to be saturated, and the profitability declines.
The institution has been eager
As a new stock that has just landed on the GEM at the end of March this year, Changfang Lighting has been favored by institutions since its listing. Since its listing, there have been institutional seats to appear in the top five of the list, and the amount that the institution buys in the secondary market in just one month. More than 80 million yuan.
From the day of listing on March 21, there were 3 institutions that bought a total of more than 13 million yuan. On the 22nd, the two institutions bought a total of 13 million yuan. On the 23rd, another institution bought a total of about 7 million yuan. One institution bought 1.8 million, bought more than 6 million on the 28th, and bought more than 1.5 million on the 29th.
By the end of April, the agency had once again set off a buying spree. On April 18, an institution bought 18.5 million yuan, and the two institutions bought a total of 10.5 million yuan. On April 20, the two institutions sold 4 million. On April 23, the two institutions bought 4 million yuan. On the same day, the four institutions bought a total of 21 million yuan, while the two institutions sold 10.5 million yuan. In particular, on April 23, due to the impact of the GEM's delisting system, the GEM stocks fell sharply. However, the Changfang Lighting was once again actively bought by the institutions.
Just three days later, Changfang Lighting announced a quarterly report. After the net profit increased by 77%, the organization did not appear in the top five in the secondary market, and the stock price also maintained the situation of not rising or falling.
On June 19th, the company's 5.36 million restricted shares were placed on the market (issued at 20 yuan/share), and its share price also did not waver.
Institutional escape
On July 5th, the company's share price suddenly began to fall sharply, quickly fell below the previous platform, and then fell below the previous period of the average purchase price of 20-21 yuan, announced on July 9, the company is expected 2012 1- Net profit in June increased by 1.61%-11.44% over the same period of the previous year, which was a significant slowdown compared with the first quarter.
After that, its share price fell all the way, the lowest price reached 16.40 yuan.
However, on July 19th, the company said that it intends to launch a high-transfer plan for the interests of investors, and its stock price has also changed its daily limit. Since then, it has continued its daily limit for two consecutive days, and the stock price closed at 22.57 yuan. However, on July 20, an institution sold 3.07 million yuan. On the 23rd, four institutions sold a total of 70 million yuan. On the same day, according to the closing price, the market value of circulation was only 609 million yuan. In other words, most of the institutions that bought in the secondary market in the previous period fled in the current limit, but the benefits were not large.
The main business of Rectangular Lighting is white LED packaging for lighting. A securities researcher said that with the domestic LED lighting subsidy policy landing, the global incandescent lamp is banned gradually into the substantive stage, and the LED lighting cost has a certain competitiveness compared with traditional lighting, LED lighting market has gradually started. However, as price competition tends to be fierce, the company is faced with the risk that the cost control plan is imitated, the low-end segment market tends to be saturated, and the profitability declines.
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