Handicap financing difficult Lynch to eat the door

Share price is like sitting on a helicopter is something that makes shareholders happy. Since 2013, mobile games have become the booster of shares. It is no exaggeration to say that listed companies stained "mobile games" will be fire.

According to incomplete statistics from 21st Century Business Herald, there are 44 listed companies involved in the concept of mobile games. There are 44 listed companies to improve the industry chain, such as the Austrian flying animation (002292.SZ) and complete cross-border acquisitions such as dragon Pipe industry (002619.SZ). No matter what kind of acquisition motivation, get involved in hand-travel so that their stock prices are often soaring.

90.48 yuan / share, 77.11 yuan / share, respectively, since the listing of Zhongqing (300052.SZ) and Palm Technology (300315.SZ) record success; 81.8 yuan / share, is the Huayi Brothers spent honeymoon The highest price. In the share price hit a record high in the process, the acquisition of mobile games company made a contribution.

However, the surface is happy, embarrassing. Recently, some brokerages have revealed to 21st Century Business Herald reporter that listed companies involved in mobile games are not popular because they have too high stock prices and their performance is not satisfactory. Shareholders who take such "votes" for equity pledge financing are not very popular or have even eaten "Closed door" shareholders annoyed.

21st Century Business Herald reporter found that the notice of the first half of 2014 on the occasion of performance, many involved in mobile games listed company suddenly "big diving." On July 14, Interactive Entertainment Limited (300043.SZ) hit a limit of 5%, with both Caesar Shares (002425.SZ), Section Cashmere Wood (002354.SZ) and Latitude Communications (002148.SZ) dropping more. On July 15, interactive entertainment dropped another 5.01%.

High price of the "troubles"

The share price of hand-travel has skyrocketed, unexpectedly bringing another "annoyance" to shareholders.

Tour Network (002174.SZ) is the first A-share game unit, renamed through the backdoor plum umbrella. Lin Qixuan, the founder of the tourist network, relies on 100 million shares to become the de facto controller of a public company. Currently, his net worth is nearly 5 billion yuan.

After taking stock prices go up to do the stock pledge financing, is the choice of many shareholders of listed companies, Lynch is no exception. June 26, Tour Network announced that the controlling shareholder of Lynch due to financing needs, the sale of its holdings of shares held 40 million shares and Guoxin Securities pledge repo transactions, pledge procedures in June 23 Guoxin Securities completed.

According to 21st Century Business Herald reporter learned that Lynch in cooperation with Guoxin Securities, also had to find other brokerages, but ate "closed door."

"Recently, the controlling shareholder of the tourist network to do stock pledge financing, we are afraid of the risk is too high, can not pick up, he was very angry." A southern securities broker a senior disclosed that such "votes" the risk is not controllable, But some banks dare to take. Bank project design, risk control and brokerage models are not the same, they strictly monitor the use of funds, while the broker is only required to pledge the subject, the other did not request.

But in the end, Guoxin Securities received Lynch. A Shanghai securities brokerage boss told reporters that the current stock pledge has an industry red line: ST class and loss of stock is not connected. The tourist network last year and the first quarter of this year are loss-making, while the share price is too high.

In the opinion of the South-based regulators mentioned above, the tourist network reported a loss for the first quarter of 2013 and the first quarter of this year. If the subsequent statements are also lost, they will be stalled. If the ST is available, the warning line and the open-end line will not work well. Because once ST, the stock price abnormal probability of large fluctuations, it is easy to reach the open line, while the liquidity of ST shares is difficult to guarantee that the time can not be open positions are the problem.

July 7 to 14, the tourist network losing ground five trading days, July 15 closing 48.02 yuan / share, compared with February 27 the highest price of 86.87 yuan / share already fell 44.72%. From a time point of view, the tourist network suffered a loss of stock only experienced 4 and a half months.

"The risk of such stocks as the tourist network is not controllable for the broker. If only the stock, the broker is afraid to do it." The South-funded said, Guosen Securities dare to pick, there may be other security measures, and Or find the external funds.

21st Century Business Herald reporter found that in the semi-annual report notice on the occasion of the notice, not only the tourist network, interactive entertainment, Caesar shares and other share prices appear "big diving."

Hand-travel performance differentiation

Tide receded, nude swimmer gradually appear.

In the first half of 2014, when the performance notice, a lot of listed companies involved in mobile games suddenly "big diving." July 14, interactive entertainment limit, Caesar shares, Section crown Wood (002354.SZ) and Latitude Communications (002148.SZ) fell more than 5%. On July 15, interactive entertainment dropped another 5.01%.

Equity is like sitting behind the roller coaster is much lower than expected performance, the most typical is latitude communications. With the concept of mobile games, latitude and longitude communications last year hit a maximum of more than 5 times the rise, is a veritable "crazy cow stocks." July 12, Latitude Communications announced the first half results notice, is expected in the first half net profit of 12.4746 million yuan -19.9593 million yuan, down 20% -50%.

North latitude communications with sharp drop in performance also started to weaken. On July 14 and 15, North Latitude Communications dropped 6.41% and 0.62% respectively, reaching a new low of 18.6 yuan / share on the 14th.

"North latitude six months before the profit of the communication was more than 10 million, too weak. Mobile games industry is actually lucrative, the key to the acquisition of assets." A Beijing tour operator said North latitude communication's main source of revenue hive game In the "big head", "big head" last year's revenue is very rich, but this year will not work, while the other new products and honeycomb top up, so poor performance.

Compared to latitude communication, Austrian fly animation is very lucky. July 15, Austrian flying animation revised forecast results for the first half, the revised earnings of 162 million yuan -1.8 billion, an increase of 80% -100% over the same period.

"Mobile games can really bring performance for the listing, mainly to see the assets of the acquisition of good or bad.Many listed companies involved in mobile games, the high price but the acquisition of good assets is not much." The hand-travel operators said, Generally speaking, the acquisition of mobile games listed companies have bet on the current performance, most of the odds may end up playing on the dilemma.