Century Rui Seoul Low price issue is alleged to have a fishy stake in the year or earn 34 times times

After each reporter Chao De the North Land Medicine (300016, closing price 20.38 yuan), long its software (002279, closing price 27.94 yuan), the new Sanbanxi company century Rare also will turn to venture board. November 8, the GEM Board will review the listing of the Century courier application. Statistics show that the last year a total of 36 people through the generation of Sanbanxi trading to become shareholders, and another 10 people through low-cost targeted additional shares.　　Even more remarkable is that in this April, the mysterious person to 1 yuan/share price to buy 900,000 shares of the company, if the successful listing of the century, the profit is expected to be 34 times times within six months. Low-priced additional to the suspected century, the main for railway users to provide traffic safety monitoring system software products and related services. January 23, 2006, Century Rui Seoul landed Sanbanxi, into the agency share transfer system listing price transfer.　　The stock code is 430001, the stock abbreviation is century Rui. According to the century, "the evolution of equity capital," the company in Sanbanxi experienced nearly 5 spring and autumn, of which December 18, 2006 ~2007 November 25, the company shares suspended trading.　　Statistics show that as of June 2, 2010, as a result of the company entered the public issue of the stock review phase and suspension, the company shares a total of 307 transactions, deal 21,284,080 shares, is very light trading. But in the recent year, there were 36 new shareholders who bought shares in the company through the agency's share transfer system.　　In addition, in January 2010, the company directed to increase the capital of 10 new shareholders, including Tsinghua University Education Foundation, including natural and legal persons surprise shares, the cost is only 4.35 yuan/share. For why 4.35 yuan/share of the price of the shares, the company gave the explanation is that the price according to the company's 2008 operating performance, according to the completion of this targeted increase in the total equity calculation, P/E ratio of 18.9 times times, according to the company's 2009 operating performance, according to the completion of the targeted increase in the total share capital, the P/E ratio is 10.3 times times.　　Refer to the valuation level of the comparable transaction, which is in a reasonable range. However, the daily economic news found that this level of pricing remains to be yours. First of all, Century Rui Seoul announced the timing of the targeted additional issuance is September 9, 2009, when the company's stock price of 8 yuan/share. 4.35 yuan is equivalent to 54% of the two-tier market price. In general, the two-tier market is based on the announcement of the previous 20-day average price of 90% to determine, from this point of view, the century rare issue of additional prices seems to be low; second, from other Sanbanxi company's additional price look, this July announced the issuance of additional Sanbanxi enterprises Kim Tae Has achieved a 25.63 times-fold price-earnings ratio, and before that, the new Sanbanxi, which has completed the directional issue, has achieved a 24.9 times-fold high P/E (430057).　　Is it too low for the century to offer more than 10 times the price/earnings ratio? "Man of God" 1 yuan/share or earn 34 times times too low The additional price is not considered a low price of the most, "everyJapan's economic news found that in April this year, a mysterious shareholder in the 1 yuan/share price of the purchase of the century, but the company has not disclosed. Century Courier in the "Evolution of equity capital" in the note, January 1, 2009 ~2010 June 1, the company's shares of the transaction price from 1 yuan ~29.8 yuan. In this respect, the company also announced the transfer of shares price time details. However, according to the company's disclosure, in the past year, the company's share of the lowest transfer price from 2009 New Junjie will be transferred to Yang Yingwu, Yang Xin, Li Ping, Dong Kun, Qingdao Rail Transit Equipment Manufacturing Co., Ltd., the transfer price of 7 yuan/share.　　And for the 1 yuan/share of the stock of the "lucky" but never mention. "Daily economic news" through the Exchange system quotes found that the so-called 1 yuan/share of the transaction from April 19, 2010 14:17 and 14:20, a total of 9000 hands, an equivalent of 900,000 yuan.　　And the subsequent days, there have been 1.02 yuan/shares, 1.6 yuan/share of the transaction record. According to the 2009 earnings per share of the century courier 0.53 Yuan, gem of the same industry listed companies Ding Han technology, Shenzhou Thai Yue, about 66 times times the calculation of the price of the century, the price will reach 35 yuan/share, it is clear that even in the sanbanxi market through 29.8 yuan/shares of shareholders can obtain 16% of the income, and 1 yuan/　　Shares of the 900,000 share of the mysterious shareholders are expected in six months to obtain 34 times times the investment income, 900,000 yuan will become 30.6 million yuan.　　It is noteworthy that the above 46 new shareholders to obtain the windfall is only based on the results of the surface of equity returns, in fact, their share costs due to the company in the past two years a large proportion of dividends Shang was diluted lower. If the new shareholder is expected to make a big contribution in the above year, in the case of large area dividend Shang, the original shareholders of the century are also earning a full fill. In addition, in September 2009, the company also has 119 original shareholders to 4.35 yuan of the price of additional opening opportunities. In just one year, this part of the additional shares will be expected to get nearly 10 times times the proceeds.