GREE electric record through arbitrage sniper raised rare benefits 穆雷吧

GREE electric record through arbitrage sniper raised rare benefits hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor you say stocks contest 60 million reporter Wang Dan reported in Shanghai in September 6th, GREE electric appliances (000651.SZ) early trading then open, eventually rose 7.28%. The day before, GREE harvest it after the resumption of the second trading day, 7 billion 500 million single letter funds. Twenty-first Century Economic Herald reporter learned that many funds as early as a month ago began to find the potential arbitrage opportunities are. However, the reality shows once again, is not easy to buy up in the capital market, arbitrage is difficult. This three days GREE electric resumption, although the price rose is not false, but investors to fund through the assault arbitrage, but basically not what benefits, but may be a loss. Arbitrage took aim at the twenty-first Century GREE Economic Herald reporter learned that, in August 19th, GREE announced a few days ago to purchase fixed assets increase plan, have arbitrage investors touched a sensitive nerve, in view of the previous geeya (300028), LETV (300104), Hua Linggang (000932) and other iron arbitrage case, they have "on the" GREE Electric has a good chance of resumption. In August 19th, GREE announced plans to acquire its 100% stake in the issuance of 835 million shares to shareholders to 15.57 yuan silver long Zhuhai stock price, at the same time to include the GREE group, the company ESOP and the original shareholders long silver investors such as the issuance of 642 million shares, raising 10 billion yuan for supporting financing. Although for this program, some market analysts then proposed low issuance questions that may harm the interests of small investors, but this does not cover up its trading opportunities, GREE Electric shares resume trading after the existence of a strong demand for widely optimistic investors. In February 20th this year, GREE began the suspension, then A stock market has yet to recover from the shock fall, the stock price is low in recent years. At the same time, during the suspension period, the stock market generally take similar appliances, Midea Group (000333.SZ), Hisense Kelon (000921.SZ), Qingdao Haier (600690.SH) have good performance. Therefore, many brokerage agencies have analysis to GREE to resume trading after the limit of three or four expected. Because of this kind of mechanism of resumption of trading for, if you want to buy in the market of the two direct profit opportunities are slim, so many investors think of arbitrage by heavily loaded GREE Electric’s stock fund, the difference of the valuation of shares and the actual resumption rose after earning funds. Flush iFinD according to statistics, as of the end of the two quarter, a total of 303 public fund holdings GREE, the largest holding 128, which holds GREE’s market capitalization accounted for the proportion of the total assets of the fund more than 5% of the fund has 24, more than 10% of the 7 positions, than on

套利盘狙击格力电器实录 借道公募难得实惠 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 你说了算 上炒股大赛分掉6000万   本报记者 王丹 上海报道   9月6日,格力电器(000651.SZ)早盘涨停随后打开,最终上涨7.28%。在此前一天,格力电器收获了它复牌后的第二个涨停,当日75亿资金封单。   21世纪经济报道记者了解到,诸多资金早在一个月前就已开始热衷寻找其中潜藏的套利机会。   不过,现实又一次证明,在资本市场中买涨不易,套利亦难。格力电器复牌的这三个交易日,尽管股价大涨不假,但投资者若想通过基金突击套利,却基本上得不到什么实惠,反而可能亏损。   套利盘瞄上格力   21世纪经济报道记者了解到,在8月19日格力电器宣布定增购买资产方案的前几天,就已经有套利投资者触动了敏感神经,鉴于此前金亚科技(300028)、乐视网(300104)、华菱钢铁(000932)等套利案例,他们纷纷“押宝”格力电器复牌也存在不错的机会。   8月19日,格力电器宣布拟以15.57元 股价格向珠海银隆股东增发8.35亿股收购其100%股权,同时向包括格力集团、公司员工持股计划以及原有银隆股东等投资者增发6.42亿股,募集100亿元进行配套融资。虽说对于该方案,有市场分析人士随即提出了低价增发可能损害中小投资者利益的质疑,但这并不掩盖其交易中的机遇,格力电器复牌后股价存在强烈的补涨需求被投资者广泛看好。   今年2月20日,格力电器开始停牌,当时A股市场还尚未从巨震下跌中恢复元气,该股的股价也正处于近年来低位。而与此同时,在其停牌期间,同类的家电股行情普遍走好,美的集团(000333.SZ)、海信科龙(000921.SZ)、青岛海尔(600690.SH)等都有不错表现。   也是因此,不少券商分析机构也都给格力电器予以复牌后三四个涨停的预期。   由于这一类机构复牌连续涨停,若想在二级市场买进直接获利机会渺茫,故不少投资者就想到了通过借助重仓格力电器的基金进行套利,即赚取基金对该股的估值与实际复牌上涨后股价的差价。   根据同花顺iFinD数据统计,截至二季度末,共有303只公募基金持有格力电器,重仓持有的有128只,其中,持有格力电器的市值占基金总资产比例超过5%的基金有24只,超过10%的有7只,持仓比例最高的是广发集鑫债基A,持仓占净值比为13.76%,其次是东方红京东大数据和建信央视财经50分级,持仓占净值比分别为12.09%和12.01%。   各种套路套利不易   8月16日上证综指摸上春节后的新高以来,整个A股市场气氛又转入到疲惫状态,也因此,投资者对收益不高但较为稳妥的套利机会更加青睐。   早些时候,华菱钢铁(000932.SZ)复牌,而将其作为第一大重仓股,持仓占净值比高达近20%的融通通泽并没有被很多投资者挖掘潜藏的套利机会。   对复牌股票进行套利,最简单的方法当然是选择持仓占净值比高的基金。   根据一位机构人士的计算,由于格力电器一季度时已停牌,所以二季度末持有该股仓位较高的基金就是首选标的。理论上,广发集鑫债基A自是最佳选择,假设该基金投资组合里其他个股涨跌幅不变,则格力电器复牌连续三个涨停后有望带来4.33个百分点的收益。   但该基金7月12日起就已彻底暂停申购,完全不给临时套利者提供机会。这也是基金公司保护原基金持有人利益的负责任做法。   事实上,一般情况下,基金公司出于保护原基金持有人利益考虑,都会对停牌的重仓股票进行动态估值,以及对重仓股可能出现异动的基金限制申购。   “动态估值的方法也是有‘套路’的,有指数收益法和可比公司法两种,不过以前者最为普遍。在基金公告中,选择哪种估值方法都有明确说明,只是深谙两种不同之处的中小投资者并不多。”上海某基金业内人士指出。   譬如博时灵活配置A,它也是格力电器套利标的基金之一,截至二季度末,该基金仅持有两只股票,格力电器持股市值占其股票投资市值的比例超过90%,且限制大额申购,这对中小投资者来说是一个好机会。然而8月20日,博时基金即公告对格力电器改用可比公司法估值,使得差价空间缩小,套利的大门也就此关闭了。   不懂猫腻反恐被套   限制大额申购或完全限制申购,是为避免套利资金进入摊薄基金利润。不过由于没有强制性规定,不乏一些中小基金公司为冲规模而不限制申购,在信息不对称的情况下,套利资金也往往得不到预期收益。安信稳健增值C持有格力电器占净值比例也超过10%,其9月2日和9月5日两日净值涨幅分别为0.18%和0.09%。   “从该基金8月25日调整限制申购金额从100万元到20万元来看,不难推断,此前一周应该申购较多”,上海一家基金公司研究员表示。   此外,还如东方红京东大数据,理论上也有四五个百分点的套利收益,但其申购赎回成本较高,比较之下获利空间就不大了。   根据上述人士介绍,还有一种套利方式是通过ETF,具体方式为套利资金可以用现金申购相应ETF基金,然后通过赎回ETF份额,换成一揽子成份股,再将其他成份股于二级市场抛售,实现ETF事件性套利。在这里需要强调一项专业知识,即通过ETF进行套利,必须关注ETF申购赎回清单中,格力电器的现金替代标志是否为“允许”。   目前,在集思路网站上,“深红利ETF套利格力电器惨败”是很显眼的标题,其中就提到现金替代搞晕了好多热衷套利的投资者。更有投资者吐槽说:“深红利这局输得太惨了,堪比曾国藩的三合镇,完全是没有知识储备情况下,错误地重仓介入了。这下彻底傻眼了,现在变成赌万科涨停了。”   北京一家基金公司的市场部负责人还向21世纪经济报道记者解释道,通过ETF基金套利,获取最新的仓位信息也很关键,这一点很多投资者也忽略了,ETF基金是每日更新基金规模数据的,交易所公开信息就能查得到,但最近碰到的一些投资者套利格力电器却还是沿用6月末的数据,套利收益已被大幅摊薄。(编辑:李新江) 进入【新浪财经股吧】讨论相关的主题文章: