Home >

Anxiety Of "One Dollar Stock": 66 Low Price Stocks Are Facing A "Survival" Crisis At The Time Of Regulatory Clearance.

2020/5/22 11:45:00 4

Dollar SharesAnxietyRegulationLow Price StocksSurvivalCrisis

In May 21st, a listed company insider whose current closing price was less than 1 yuan was impressed by the twenty-first Century economic report reporter: "we do not want to withdraw from the market, we are also trying to avoid delisting. Now the main problem is to let the stock price go up, and the other way is to think of it again. Once the market is closed, there is no need to get it done. Restructuring is meaningless.

On this day, Shen Wu environmental protection again closed down, closing at 0.48 yuan / share price.

The company's decision to withdraw from the market with a face value of less than one yuan for 20 consecutive trading days has been confirmed.

Before the environmental protection of Shen Fei, Bao Li, ST sharp Electric has entered the delisting and finishing period. Tianguang Zhong Mao has stopped trading. It is waiting for the Shenzhen Stock Exchange to terminate the listing of the company stock. *ST Mei Du has a face value of less than 1 yuan for sixteenth consecutive days, and basically has reached the delisting standard.

In recent years, on the other side of the progressive registration system, regulators have become more and more firm in their determination to smooth the way of delisting. In 2019, 6 listed companies in the Shanghai and Shenzhen two cities were delisting due to face value.

More and more face value delisting cases, so that stock prices are hovering around 1 yuan of listed companies generally into anxiety, investors in the risk of stock valuation logic also changed dramatically.

In May 21st, the *ST Yisheng Securities Division also told reporters calling investors: "we are trying to avoid (as far as possible) the face value of the delisting conditions."

In May 21st, it excluded the 17 thousand listed companies that had entered the delisting period and ST sharp, and the closing price of the listed companies was less than 1 yuan. Map Vision China

One dollar delisting ecological survey

The face value delisting system is gradually changing the ecology of A share listed companies.

According to wind data, as of May 21st, after eliminating the delisting and finishing period of the insurance company and ST sharp electric, 17 listed companies closed the market price less than 1 yuan, and 47 listed companies share price between 1-1.5 yuan (inclusive).

With the strict implementation of the delisting system, these listed companies, which hovered around 1 yuan, feel an unprecedented crisis.

"Now there are several trading days left." Sheng Yun environmental protection Securities Department said. Up to now, the listed company has a face value of less than 1 yuan for 13 consecutive trading days. In January this year, Sheng Yun launched a major asset restructuring. Maopo Group intends to help companies solve the problem of non operating capital occupation by a company not exceeding 1 billion 800 million yuan, which constitutes a major asset restructuring.

As of May 19th, the trading target of Sheng Yun's major asset reorganization has been transferred to third parties (the third party is designated by the Tongcheng municipal government to solve the related fund occupied platform company) and 15% of the shares are being processed. But there is little time left for Sheng Yun's environmental protection. If Sheng Yun's environmental protection is unable to limit on the remaining 7 trading days, it will not be able to avoid the fate of face value delisting.

The premise that (reorganization) time can catch up is not delisting. The former environmentalist said.

There are a lot of enterprises that are worried. In the face of the possible delisting crisis, many low-cost stocks have launched the "self rescue" work.

In May 21st, the *ST Yisheng Securities Division also told reporters calling investors: "we are trying to avoid (as far as possible) the face value of the delisting conditions." On the same day, *ST's price dropped to 0.99 yuan. In the evening, the company issued a notice of some directors' holdings of shares.

Earlier, *ST Yisheng also revealed that the company's wholly owned subsidiary, Guangzhou Yihua, was located in block 13, Guang Sheng Road, Nansha District, Guangzhou. It has been included in the "three old" transformation scope by the government. It intends to apply for land acquisition and storage to the government.

The Securities Department said: "this piece of land is basically in the price negotiations, and the price sides have reached a preliminary consensus. In the 1 billion 100 million -16 billion interval, this is the company's strategic layout. This year, the strategic layout of the company has been adjusted from abroad to the domestic level. Our layout of production capacity has been adjusted. The disposal of (land) is a part of the adjustment of production capacity layout. It is mainly the withdrawal of funds.

He further said that at present, the company is taking measures to face the crisis. "(the company now faces difficulties) on the one hand, we are being investigated by the securities and Futures Commission, and on the other hand, it is also a result of less than expected performance. At present, the company is carrying out two aspects of work. On the one hand, we must seize the time to reply (enquiry letter). We must try our best to share prices.

Another cheap stock is selling the abacus on the selling room. In the evening of May 20th, ST galaxy and Beijing China Fang signed the "land cooperation development project framework agreement". The company intends to cooperate with Beijing China housing and set up cooperative development company on the relevant development plots. All the development funds and the remaining problems of the development of the whole block are all handled by Beijing Zhong Fang.

The effect was immediate. In May 21st, the ST Galaxy stopped trading at 1.13 yuan / share. "We are trying to solve the problem of face value delisting. After all, this company has been on the market for more than 20 years, and we do not want it to be delisted." ST Galaxy Securities Department said.

However, according to the person, "at present, cooperation with Beijing central housing is still just a framework agreement, and no specific plan has yet been reached. If the follow-up project falls to the ground, it will increase the utilization rate of the idle land project and enhance the profitability of the company."

Another listed company, ST Hui ye, whose share price is still 1.2 yuan, has begun to prepare for the rainy day. The connection officer said, "there is no such possibility yet, but the management of the company is also concerned about it."

In the first quarter of this year, ST Hui Ye successfully lost its profits. In the first quarter of 2020, the net profit attributable to the parent company owners was 4 million 355 thousand and 100 yuan, up 40.39% over the same period last year. Subsequently, the company launched the 2020 stock option and restricted stock incentive plan. "Equity incentive can better bind the management to the interests of the company, so that management can better contribute to the company's business performance." The preceding wiring officer pointed out.

Market delisting is coming

On the whole, the listed companies that have touched or have already been delisting are basically facing certain risks, such as poor profitability, internal control failure, huge debt ceiling, lawsuits and capital chain breaking. With the clearing of these inferior enterprises, the valuation of low priced stocks is also faced with restructuring.

In twenty-first Century, the economic news reporter noted that in the early years, the atmosphere of small and bad speculation in the stock market was gradually subsiding, and the value of "shell resources" had dropped sharply, and investors began to abandon the risk stocks gradually.

Data show that in addition to individual volume and total share capital, the total market capitalization of the 66 listed companies whose stock price is below 1.5 yuan is mostly within 3 billion, and 38 of them have a total market capitalization of less than 1 billion yuan. The number of shareholders of the company has also dropped significantly. The total number of shareholders of the 66 listed companies has dropped from 6 million 1 thousand and 100 in early 2019 to 5 million 814 thousand and 900 at the end of 2020 3.

In addition to some sudden exploding enterprises, institutional investors are almost extinct in the list of the top ten shareholders of these enterprises.

Insiders pointed out that as a public company, the listed company has certain market value and investment value, and is a necessary condition for its market based. The market delisting index has the necessity of being born and existing, which is conducive to accelerating the realization of the liquidation of inferior companies and concentrating market resources on high-quality companies.

It is worth mentioning that in April 27th, the gem reform and pilot registration system opened, further strengthening the normalization of delisting under the registration system.

According to the solicitation opinions issued, on the delisting indicators, the net profit continuous loss index is adjusted to "compound net income with a negative net profit before and after deducting non recurring gains and losses, and the operating income is less than 100 million yuan". A new index of "delisting" of the "easy trading market with a market value of less than 500 million yuan for 20 consecutive days" and "major defects in information disclosure or standardized operation are not corrected". Standard delisting indicators.

"The withdrawal rules of A shares are mainly drawn from US stocks, and there will be more delisting in the future A shares, rather than penny stocks. The lighter trading may trigger a denomination standard." Wang Shen, deputy director of Star Stone Investment Strategy Department, pointed out.

The industry believes that entering the 2020, with the further promotion of registration system, with ST sharp electric, Tianguang Zhong Mao and other denominations as the beginning, A shares will once again set off a market trend of delisting.

Yang Delong, executive general manager of Qianhai open source fund management company, said: "it should be said that face value delisting is an important arrangement. It is a sharp weapon for delisting some bad stock and junk stocks, and finally played a role. Over the past few years, value investing has prevailed, and funds have become more and more aware that good companies can have long-term investment opportunities, while performance shares and junk stocks have no chance, so junk stocks will be abandoned by funds. Therefore, regardless of strict supervision or market self selection level, the final performance shares and junk stocks will exit the market.

 

  • Related reading

CPPCC National Committee Member And Gao De Infrared Chairman Huang Li: 3 Proposals, "Technology Sense", Focus On Intelligent Forest Fire Prevention And Other Fields.

financial news
|
2020/5/21 10:01:00
0

Rui Xing Goes To The Delisting, And Then?

financial news
|
2020/5/21 10:01:00
128

5G, 4K And Other Technology Support, "Cloud Concert" Format Or Post Epidemic Era Standard.

financial news
|
2020/5/21 10:01:00
72

Chinese Entrepreneurs In Silicon Valley Under The Epidemic: Technology Breaking Into The Global Epidemic Prevention Business And Breaking Through The Trend

financial news
|
2020/5/21 10:01:00
120

First Of All, The Company'S First Appearance Is Related To EDA Enterprises, And Its Vision Is To Take The Responsibility Of Localization And IPO.

financial news
|
2020/5/21 10:00:00
175
Read the next article

Millet Market Value Exceeds Baidu Lei Jun'S Dream To Achieve 1/5

On the 521 special day, the market value of millet went up to $40 billion, surpassing Baidu, but it only completed Lei Jun's dream of 1/5. near