SH) opening direct drop to 3 minutes, although rose in the afternoon, but still fell 8.23% throughout the day. "$ 16.39 the price is not the final issue price is only a lower limit of the issuance price range. Specific issue price, has to go through the inquiry can be decided. Explained by this stock price drop do not fly. "EMC Corporation a person investment banking on the business news reporters.
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Pricing benchmarks today as Baili electrical notice of resolutions of the fourth session of the 16th session of the Board (July 30, 2010), not below the offering price pricing benchmark 20 trading days before Baili electrical 90% of stock price, namely $ 16.39/unit. Date of announcement, Baili electrical stocks fell. Analysts believe that the cause of the crash in the issuance of pricing too low.
Minimum issuance price 16.39 Yuan, equivalent to only half of the unit's current share price.
Private said Baili electrical this time suddenly fell, does not exclude Agency to sell equity holdings and involvement on the issue, with a lower price to buy back. On June 22 after Baili electrical high, sell orders continued to gush, close will determine the fate fell in the morning, 0.58% exchange rate throughout the day, trading volume of 2.2165 million shares, the turnover of 68.081 million Yuan. From on June 22 Shanghai Securities Exchange announced of transactions seats see, first large sold seats is Fund, sold amount for 10.3039 million Yuan, equivalent about 335,400 unit; second large sold seats is is shenyin wanguo customer assets management Department, sold amount reached 7.3368 million Yuan, equivalent about 238,800 unit; other several large sold seats respectively is in the silver international Shanghai Ouyang road Sales Department, and letter up securities Shanghai tieling road Sales Department, and Ann letter securities Shanghai land home bang road Sales Department.
Coincidence is that the three sold after all seats are located in the Business Department of Shanghai. But the real reason for the company's shares fell, said that private persons, the key is to company valuations were too high, "income less than 1 cent per share last year, even this year, plus an additional factor, nor more than two cents, but the share price now so high, and technological strength of the company generally, this evening is to crash". The private person think, under the present market, such a high valuation, do not fly at all.
On June 23, the Baili electric share price drop destination country after consecutive $ 27.09, 283 times times forward earnings.
Earlier, on April 15 and April 20, Baili electrical one quarter after the results, although lower than expected performance, but Wai Chan, Bohai securities analyst even two reports to highly recommend the Baili electrical and price-see $ 100. However, Wai Chan also believes that does not consider the additional item is expected 2011-2012 earnings per share of the company but for $ 0.15 and $ 0.17.
But she believes the company after the issue is completed, superconductive current limiter project will form the company's core competitiveness, the long term, the company's share price is still a big space, given to the company "highly recommended" rating.
A brokerage head of asset management Department, told reporters in Beijing, the stock early because of the smart grid concept is continued speculation is high, but actually our qualification, early stock prices relatively high.
This company on the issue, intended to raise assets not exceeding $ 1 billion, the amount of investment projects and include: superconducting current limiter project of smart grid, smart grid GIS project, a $ 300 million; electronic transformer of smart grid projects, VW60 of smart grid projects, the $ 100 million; rare metal-processing of $ 200 million.
But after the company's stock price tumbled in a row, has more than $ 1 billion market value losses. End page to join the body
