Alternative Nuggets reorganization: large shareholder reduction hidden "rise" machine

Reorganization has always been a a-share investors most enthusiastic speculation theme.　　AVIC Precision Machine After the announcement of major assets Reorganization 9 Board, direct activation of central enterprises to restructure the subject plate, and once detonated the military stock market; the Shanghai year sprint 30% securitisation rate target, make Shanghai local stock asset consolidation expectations more intense. Yet the chances of reorganization are often the hardest to grasp. The daily economic news is a new alternative, looking for reorganization subject from the reduction behavior of large shareholder.　　Through the collection of analysis data found that many cases show that large shareholders reduce often hidden mystery.　　Case Review Peak Tiangong restructuring of the former holding shareholder 5 times this July, the peak of Tiangong (600335, close to 19.56 yuan) into China's Import Auto Trading Co., Ltd. 100% Equity, a short period of one months, the stock price from the suspension of 8.18 yuan touch to nearly 20 yuan. "Daily economic news" Comb found, on June 10 announced the reorganization about half a year ago, the heyday of the holding shareholder-Tianjin Construction Machinery Research Institute, had a violent reduction of the company's shares. November 27, 2009, December 2, December 25, December 28, December 29, Tianjin Engineering Machinery Research Institute has 5 times to reduce the peak Tiangong 3.2 million, 14,000 shares, 5 million shares, 2 million shares and 3 million shares.　　At that time, the heyday of the total price of heavenly creations maintained at 7 yuan ~8 yuan.　　Coincidentally, similar to the heyday of the big shareholders in the reduction, the company because of restructuring and the stock price rose case also a few. Operation thought distinguish reduction type choice intervene timing Zhang Zhaowei, an analyst at Huaan Securities, believes that large shareholder reduction is generally divided into two situations: one is to reduce the holding rights without affecting the situation. Large-stock movement mainly for financial considerations, from the angle of industrial capital to judge whether the valuation of the stock market is reasonable and make judgments, or because of the demand for funds to reduce, such companies are often fundamental, the company's stock price valuation is not low.　　Recently, Roe Island (002069, closing price 46.05 yuan), wave information (000977, closing price of 25.40 yuan) large shareholder's reduction should belong to this category. Second, the large shareholder exits the possible reduction. Such companies often poor fundamentals, the main business long-term maintenance in the margin of profit or loss, the industry's profit prospects are not favored by the market. With the heyday of the national machinery (the actual control of the Chinese Mechanical Engineering group) of the Linhai shares (600099, closing price of 12.05 yuan) should belong to this second category.　　Linhai stock holding shareholder--FOMA Machinery group, as early as this March began to reduce the prologue.　　In addition, the main business in the standstill status of Gem A (000413, closing price of 13.34 Yuan), its controlling shareholder gem Group is also set off a wave of the reduction tide. "The goal of reorganization is inevitable, the key is to intervene in the point of time."　　Southwest Securities analyst coupling Beams to the daily economic news. In this regard, Zhang Zhaowei that large shareholder reduction will be in the short-term impact on the price, but the long-term trend still depends on the company's own industryand predictable development prospects.　　As long as the reorganization of the expected clear, large shareholders strong enough, the share price was announced after the impact of the period of time will become a good time to intervene. In addition, compared to the recent 3 years has been completed and ongoing restructuring of the central Enterprises, Shanghai Securities found most of the reorganization in the coal, electronics, military, medicine, machinery and other industries, including military, electronics, pharmaceutical companies in the market performance. A common feature of these 3 industries is the low proportion of group asset securitization, which can inject more assets, and the group has the will to make use of capital platform bigger and stronger.