Agency to contact the food inquiry you have to discount

Nut roasted seeds and nuts to start the negotiation of food February 15 in Shanghai for its landing board to hold a promotion meeting, contact the main food underwriter of the securities to its issue price of the inquiry interval of 42.56 yuan/share ~51.68 yuan/share. As the first to land a A-share of roasted seeds and nuts enterprises, contact the food in the venue out of all its products for participation in the promotion of institutional investors to taste, and equipped with a special person to introduce product characteristics, prices and so on. Even so thoughtful, most institutional investors believe the valuation range given by the main underwriter is too high. The Oriental Morning Post has a big appetite for financing. The plan issue 50 million shares, after the issuance of the total share capital of 200 million shares, such as the main underwriter issued by the valuation interval limit of 51.68 yuan/share price calculation,　　The negotiation of food can be at most from the A-share market financing of 2.584 billion yuan, this amount is much higher than the previous IPO fuling mustard 560 million yuan and the 629 million Yuan Ham.　　Company prospectus shows that the plan to contact melon seeds 520 million yuan to raise capital, investment four projects, the negotiation of food is expected to exceed 2.064 billion yuan (nearly 4 times times). The Investment value analysis Report of the main underwriter believes that the agreed food 2010 reasonable valuation interval is 56-68 times, corresponding to the 2011 to 2013 full diluted earnings ratio of 44-54 times, 35-43 times, 26-32 times respectively, is expected 2011, 2012,　　In 2013, the earnings per share were 0.96 yuan, 1.21 yuan and 1.64 yuan respectively.　　Institutional bargaining 70 percent comprehensive number of participating in the day of the recommendations of the institutional investors, the main underwriter to give the 42.56-51.68 yuan/share price "a bit expensive." The participants of the seller's analysts believe that 35 yuan/share price is more reasonable, higher than this price may be in the two level of the market is not profitable, "in fact, this company can also, than what mustard, ham much better, 2001 years before starting to do, 10 to do the market first." "Now the price is very cautious, the front break too much."　　"Another participant in the state-owned enterprises financial companies disclosed that the agency is now in the bid plan under the net inquiry stage to subscribe 3 million shares (the subscription limit of 10 million shares), the price of 30-32 yuan/share, compared with the main underwriter's inquiry interval of 30%." Some of the product development failures during the roadshow, institutional investors in the negotiation of food products have been some not very successful product to the management of the company to challenge. Contact Food Chairman Chen Xianbao's response is very pertinent: "The company this two years decisively cut off some of the experiment is not successful or not suitable for the company's varieties, beans because of raw material price fluctuations, pistachios because of the need to bleach is not in line with the company's philosophy." "Chen Xianbao further said that the company will continue to make peanut products, in addition, potato chips are the most promising, the introduction of half a year sales have been over billion," the company for the failure of the experience will be made case, in the internal analysis of learning. A successful product typically requires 7 months of introduction, 7 months of incubation, and a 7-month maturity., so generally more cautious. "Data show that the company's food is nuts and seeds of the industry leading, products in the sunflower melon seeds accounted for more than 70%.