Not already bought the hand tour, is in the acquisition hand swims the road

"It's not a joke," he said. Statistics show that the first half of this year, including Palm technology, Bo Rui spread, Datang Telecom, Huayi Brothers and other listed companies to invest in the game mergers and acquisitions market funds have been up to tens of billions of dollars.

The frenzy of funding has put a "game" of stock prices soaring in the hands of the concept stock, whether it's the institutions involved, the hot money, or the "hitchhiking" retail investors who earn a lot of money. And share this feast also has the listed company's sponsor brokerage and the direct investment company.

Known as the authentic Hand tour concept, the technology has risen by 147.4% in just 3.5 months since April this year, or as much as 295% per cent since then. Palm Technology sponsor Securities CITIC Securities will not only 46 million yuan of sponsorship fee income, its direct investment company Stone is recorded more than 207 million yuan, direct investment return of 13 times times.

Palm Technology July 17 issued a notice that the company is planning a major asset restructuring matters, with immediate suspension. July 23 Company Bulletin, the company's board of directors through the planning of major assets reorganization Bill, the company's shares continue to suspend business. After the card after the palm of the technology price of how the performance of the market will undoubtedly be a major aspect.

CITIC Securities direct Investment sponsor "Two hands grasping"

"Direct vote + Sponsor" or "Sponsor + Direct vote" mode is regarded as the "artifact" of the brokerage, however, this model has been questioned and criticized by all sides. Citic Securities Direct Investment + sponsorship of the palm-fun technology has also been questioned by the media.

Palm technology in the April 20 last year's IPO, May 11 landing gem, the issue price of 16 yuan, is expected to raise capital of 206.58 million yuan, the actual fund-raising 654.64 million yuan, the proportion of super raise funds 217%. Usually the underwriting fee of the brokerage and super raise funds linked, CITIC Securities as its sponsor securities, will be 46 million yuan sponsorship fee income bag.

Palm Technology prospectus shows that in December 2010, Jinshi investment to 14.688 million Yuan subscription company 2.455 million shares, the price of 5.9829 yuan per share, accounting for the total number of 2%, according to the company in the Jinshi investment in the capital before the valuation of the yuan 700 million yuan calculation.

Stone Investment This sum of 14.68 million yuan investment is called "Four two dials the heavy," in the palm of the technology listed only 2.5 months a year to win the excess of the surplus. Palm fun technology through the acquisition of dynamic network Pioneer theme and the concept of the market, the share price has risen by as much as 295% this year, in accordance with its July 17 before the close of 40.96 yuan (10 shares to 12 shares to send 1 yuan distribution scheme implementation) calculation, gold stone investment recorded floating surplus 207 million yuan.

Fund and idle Money Dances

13 times times the return on the gold stone

With the help of the acquisition theme and the concept of hand travel, under the guidance of the Organization and the hot money, palm-interest technology has become one of the Daniel's stocks this year.

The company announced February 5 this year that it plans to buy 810 million yuan trading on the price of a 100% stake in the Pioneer network. The same day after the card, the company's share price has pulled four trading board, opened a surge of travel. April 17, the stock price started again, a short 20 trading days, the stock price rose to 80%, May 21 close to 77.11 yuan. May 22, the palm of the fun technology suspension, to carry out the verification of major events. May 23, the company implemented 10 shares to 12 shares sent 1 yuan distribution program. Palm Technology July 17 issued a notice that the company is planning a major asset restructuring matters, with immediate suspension. According to the closing price of its suspension before the 40.96 yuan (after the right to return to 90.21 yuan) calculation, stone investment recorded floating surplus 207 million yuan, returns as high as 13 times times.

According to the same flower shun data show that as of June 30, the first quarter of 15.0846 million shares of 16 funds from the list disappeared, a total of 20 funds to hold the palm of the technology, positions total 19.7622 million shares, accounting for the circulation of the shares of 10.1%. The comparison list can be found, the interest of the technology funds to carry out the "big rotation." Among them, the top three fund stock holdings are: Agricultural Bank and the Development Fund 4.2734 million yuan, the Sino-Bank Income mixed fund 3.9101 million shares, the Chinese bank of China selected hybrid open-end fund 2.8568 million shares. In addition, the Agricultural Bank of the Small and medium-sized fund, the Agricultural Bank and the consumer theme of the fund, the Bank's consumer theme fund also piled into it, respectively, holding 1.5842 million shares, 718,100 shares, 241,800 shares.

In the palm of the interest of science and technology, the share price pushes up, the hot money "stirs up" the work must not. Data show that the palm of the 43 trading days since May, 6 times appeared billboard.

Stone investment in the palm of the technology to make the following commitments: Within 42 months from the date of listing of the company's shares and the completion of the corresponding industrial and commercial change registration in December 2010, no transfer or commissioning of the company to manage the shares issued prior to the public offering of the shares, nor repurchase of the shares by the company. , within 30 months from the date of listing of the company's shares, the transfer of shares does not exceed 50% per cent of the total shares issued prior to the public offering of shares by the company.

So it seems that the stone investment in the wealth of the paper can become real gold and silver, I am afraid to wait for some time. It is premature to conclude that the return on investment by the firm has been so high in recent years, when the returns have been declining.