After the Spring Festival, a rally set by break stock opportunities 彭丹门照艳全集

After the Spring Festival, A shares rebound continue fixed by the break stock opportunities Sina Level2:A shares of sina finance client speed Kanpan: the most profitable investors in a rebound in fixed by the break stock opportunities Valley East [since 2015 set by the listed company, as of February 17th closing is still 159 in the break state, which, set by the restricted shares will be lifted in 2016 will have 109. After the Spring Festival, A shares rebounded market continued, part of the implementation of the fixed increase last year, but still in the state of deep broken state stocks also reproduce the dawn. In particular, with the limited increase in the sale of shares, the lifting of the ban period is gradual, such break stock investment opportunities or have begun to appear. Wind information statistics show that since the beginning of 2015 completed the private placement of listed companies, as of February 17th closing is still 159 in the break state, which will increase the restricted shares will be lifted in 2016 will have 109. "Break stock" in search of opportunities since 2015 since the implementation of the fixed increase in stocks, the first shares (600008.SH) in January 25th this year has been lifted restrictions. The share price has dropped to the level before the bull market started the first shares a certain initial set by the issue price is not high, 6.18 yuan, but with the bull market started, CAITONG fund 5 institutional investors at a premium of 158.09%, or 9.77 yuan bid price of the corresponding shares given by. The premium is then one after another crash back. According to the February 17th closing price, right after the first shares of the fixed price increase is more than 20% of the break. In February 15th, and the heartland environment (600323.SH), BBK (002251.SZ) and Jingyuan coal (000552.SZ) three only break set by the limited ban the sale of shares, but the break rate is relatively small, only the heartland environment close to 15%, BBK is only 2.48%, while the Jingyuan coal is only 0.06% discount. In the eyes of investors, the higher the break discount rate, the greater the probability of getting excess return. Guoxin Securities recent quantitative analysis report that, from the historical data, after the implementation of the fixed increase, the subsequent share price fell below the issue price is very common phenomenon. But from the break day, the subsequent excess return is also more significant. Therefore, we should pay close attention to the lifting of the ban period and the higher discount rate. A simple set of the lifting of the ban at the end of June this year, and the discount rate is higher than the 20% screening criteria, there are 23 stocks in line with the standard. In particular, Ping An Bank (000001.SZ), state securities (600109.SH), petrochemical machinery (000852.SZ), Hanbell Seiki (002158.SZ), aluminum (002160.SZ), shares resources (600502.SH) and 6 2, as of the close April 17 discount is still above 30%. High additional sample a brokerage strategists believe that the stock price in the bull market high stock issuance, at the end of the bull market high discount probability is relatively large, but relative to the

春节后A股反弹延续 定增破发股机会多 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   反弹中 定增破发股机会多   谷东   [自2015年以来完成定增的上市公司中,截至2月17日收盘仍有159家处于破发状态,而其中,定增限售股将于2016年解禁的就有109家。]   春节过后A股反弹行情延续,部分在去年实施定增但仍处于深度破发状态的个股也再现曙光。尤其随着定增限售股解禁期限渐进,此类破发股的投资良机或已开始显现。   Wind资讯统计显示,自2015年初以来完成定向增发的上市公司中,截至2月17日收盘仍有159家处于破发状态,而其中,定增限售股将于2016年解禁的就有109家。   “破发股”中寻良机   在2015年以来实施定增的个股中,首创股份(600008.SH)在今年1月25日就已解除限售。股价已跌至牛市启动前水平的首创股份当初确定的定增发行底价也并不算高,为6.18元,但随着当时牛市启动,财通基金等5家机构投资人以溢价158.09%,即9.77元价格竞得相应定增股份。   上述溢价被随后接二连三的股灾打回原形。按2月17日收盘价计算,复权后首创股份的定增价仍出现幅度超过20%的破发。   2月15日,又有瀚蓝环境(600323.SH)、步步高(002251.SZ)及靖远煤电(000552.SZ)三只出现破发的定增限售股解禁,但破发幅度均比较小,只有瀚蓝环境接近15%,步步高仅有2.48%,而靖远煤电则只有0.06%的折价。   而在投资者眼中,破发折价率越高的个股,获得超额收益率的可能性越大。国信证券近期的一份量化分析报告认为,从历史数据看,定增实施后,后续股价跌破发行价是非常普遍的现象。但从破发日起,后续超额收益率也较为显著。因此建议关注解禁期临近和折价率较高标的。   简单设定解禁期在今年6月底以前,且折价率高于20%的筛选标准,目前有23只个股符合标准。尤其平安银行(000001.SZ)、国金证券(600109.SH)、石化机械(000852.SZ)、汉钟精机(002158.SZ)、常铝股份(002160.SZ)、安徽水利(600502.SH)等6只,截至2月17日收盘的折价幅度仍在30%以上。   高位增发样本   一位券商策略分析师认为,股价在牛市高位时进行增发的个股,在牛市结束后出现高折价的概率比较大,但相对来讲,这类个股出现反弹的动力也会更大,尤其在限售股即将解禁的阶段。   新宙邦(300037.SZ)也是在去年6月份牛市即将见顶时实施了定向增发,其当时募集配套资金的定增价为50.38元,尽管没有限售期,但在2015年6月26日上市当日,股价已跌至45元下方。此后最低跌至22元附近,并且在当年12月22日前一直处于50元下方。   而2015年12月底,新宙邦股价再创历史新高,最高超过62元。尽管高价仅维持几个交易日,但仍为半年前参与定增的两家机构财通基金及上海瑞金资本提供了足够的减持时间窗口。   这还是在没有大股东参与的情况下。据统计,在上述折价率超过20%的个股中,平安银行、铁汉生态(300197.SZ)、唐山港(601000.SH)等5只个股有大股东参与增发。   根据国信证券对距离解禁日少于90天的个股样本所进行的统计分析,有大股东参与定增的股票在破发日至解禁日的平均超额收益率6.4%,仅机构参与定增的股票平均超额收益率为5.9%。可见,有大股东参与定增个股的超额收益率还会更高些。不过,按照国信证券的说法,是否有大股东参与增发对收益率影响并不显著。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: