Long-haul oil shipments to the major shareholders "underwriting"

is also a large shareholder overweight, but also launched a high transfer theme, Long Voyage oil (600087, closing price of 6.09 yuan) in the issuance of positive before the release, but even so, still did not attract institutional investors favor. Long Aviation oil Transport March 5 released the results of the Non-public offering, the first major shareholder Nanjing Changjiang Oil Transport company finally subscribed to the 82% of additional shares, this ratio is much higher than the targeted additional plans of less than 50% of the commitment.　　And in the first purchase of this issue, only the Pacific Asset Management Limited Company subscribed to 25 million shares.　　Large shareholder subscribe to 82% additional shares since the beginning of the year, long aviation oil transport in order to successfully complete the directional issue, a succession of positive news. First January 5, the company announced that its subsidiary intends to acquire 1 320,000-ton VLCC tankers. Subsequently, the large shareholder Nanjing Changjiang Oil Transport Company announced the extension of the period of six months, the price is not higher than 6.8 yuan/share. In the January 25 of this year, long aviation oil transport in the annual report before the disclosure, announced in advance to carry out every 10, transfer 8~10 shares allocation plan.　　From then until February 10, long aviation oil will continue to announce the number of large shareholders overweight. On December 20 last year, because of the lifting of 787 million restricted stocks, the stock price of long aviation oil transport fell from 5.4 yuan to the lowest 4.75 yuan.　　And according to the company announced before the issuance of additional plans, the additional price of 5.63 yuan/shares, if the price at the end of last year, the issue of additional clearly difficult to complete.　　Analysts pointed out that it is in the series of good news, the long aviation oil transport price continued to rise this year, before the additional issuance, the highest price has reached 6.49 yuan. However, even if the two-tier market share price continues to rise, but the long-term shipping oil is still not recognized by institutional investors.　　Long aviation oil released by the release of additional results show that the targeted issue of the final release number of 275 million shares, the issue price of 5.63 yuan/share, a total of 1.548 billion yuan to raise funds. But in the first purchase process, the underwriter Minsheng Securities to the company's top 20 shareholders, as well as 20 fund companies, 10 brokerages and 5 insurance companies to send the "subscription invitation" and "Purchase price list", only the Pacific Asset management companies to subscribe to 25 million shares. Since the initial subscription did not meet the amount of funds to be raised, so the main underwriting for additional subscription, the result is only Huatai securities subscribed 25 million shares.　　Finally, in addition to the above two institutions, long aviation oil transport holding shareholder Nanjing Changjiang Oil Transport Company subscribed to 225 million shares, accounting for the total number of new shares of 81.82%.　　After the completion of the additional issue, Huatai Securities and Pacific Property Insurance insurance Company of one of the insurance products became the third and the fourth largest long-term shipping oil.　　Securities Brokerage group downgraded the rating analysts pointed out that the reason is not willing to participate in the long-term aviation oil transport directional additional, mainly or market prices than the increase in the premium price is not large, after the lock-up period there is greater uncertainty. According to regulations, in addition to Nanjing Changjiang Oil Transportation company Lock-up period of 3 years, Huatai Securities and tooPing Yang Asset Management company's lock-up period is 1 years. As of yesterday, long aviation oil transport shares than 5.63 yuan/share of the additional price premium margin of less than 10%.　　A year later, the participation of the institutions involved in the orientation of additional benefits can be profitable, there are great variables. It is noteworthy that the long aviation oil transport just on March 4 disclosed the 2010 Annual report, the company only achieved net profit of 8.83 million yuan last year, which made the market quite surprised.　　In the company's disclosure of the annual report, the major brokerages have published research reports, the group cut long cruise oil transport rating. In the latest research report on long voyage oil transport, Guo Xin Securities pointed out that the short-term price fluctuation of oil tanker tariff has limited influence on the performance of the company, and the supply and demand of oil transportation market in 2011 is difficult to improve effectively. Forecast for 2011 earnings per share of 0.12 yuan/share (diluted), the company downgraded to "neutral". Haitong Securities that because the industry supply and demand contradictions can not effectively alleviate the company's performance to form repression, so lower the company's investment rating to "overweight." In addition, the Yangtze River Securities cut long shipping oil to the "prudent recommendation", Southwest Securities downgraded to "neutral", CICC continued to maintain the "neutral" rating of long aviation oil shipments.