Bao Li to a premium 80 times times the palm of the hand to entertain the world's achievements are referred to unreal

Nine days after the suspension of trading, Bao Li to (000008. SZ) announced a high-profile announcement of the transition to the hand tour. But investors were questioning the nearly 80 times-fold premium on the equity stakes, so that the unit fell more than 9% in Thursday, after a sharp increase of more than 3% per cent yesterday. "The first financial daily," the reporter found that the super high premium equity valuation behind, is the target companies on a dozen products are not on the line of the very optimistic profit forecasts. A game industry analyst said in an interview, "The current market single game product success rate is not high, this investment is not like the transformation is more like a gamble." "This investment is particularly eager to invest, and has yet to complete due diligence and signed a capital increase agreement." Data show that Chengdu Palm Entertainment World Technology Co., Ltd. (hereinafter called "Palm Entertainment World") was founded in September 2013, the current agent issued three games online. As of April 30 this year, the subject of the company's book net assets of 10.5269 million yuan, Bao Li to the palm of the capital of the world's 100% stake in the valuation of 810 million yuan, value-added rate as high as 76.95 times times. In the completion of the 90 million yuan of capital increase, Bao Li will hold the palm of the world's 10% stake. Bao Li to explain that the increase in the value of the company's valuation than book net worth higher, mainly because the mobile gaming industry has a good development space, Palm Entertainment world has excellent game development operations team and product reserves, the future has a higher asset profitability and performance growth rate. However, nearly 80 times times the asset premium has attracted market and investor skepticism. Even in the peak value of the hand tour plate, palm technology acquisition play Crab technology, travel information backdoor plum umbrella, such as the reorganization case of the premium level is only about 30 times times, and Bao Li to nearly 80 times times the direct push behind the premium, is the palm of the world's high performance commitment. The announcement shows that this 1 ~ April Palm Entertainment World net profit of 1.8 million yuan, but its promise 2014 ~2016 year three year net profit is expected to reach 80 million yuan, 120 million yuan, 180 million yuan. At present, the entertainment world is developing dozens of games, as well as expanding overseas business. A person in the industry bluntly, the domestic hand tour product competition is self-evident, the overseas game market has become the domestic first-line game companies, to the latter's existing scale and product size estimates, it is difficult to appear in the top ten local market, "want to take a chance overseas distribution is very difficult." And Bao Li to the Palm Entertainment world performance compensation extremely tolerant. Under the agreement, the palm of the world this year and the next two years total net profit if not realized, only need two years of actual net profit and commitment net profit ratio, corresponding adjustment should be paid for the increase in funds.