Idle money loss out Softto Premium acquisition present uncertainty

The escape of the hot money often do not need too many reasons, even if the loss is out. To acquire Guilinguang cultural tourism Culture Industry Co., Ltd. (hereinafter referred to as "Guilinguang dimension") into the cultural industry Softto (000662. SZ) in the suspension before the market is in hot pursuit, the issuance of a program announced after three consecutive trading. However, in yesterday after the card, the company's share price low to go, the plate fell off, up to the close of 7.22%, a deal 325 million yuan, the most since the listing. After trading billboard data, Softto sold the sales department yesterday the first four of the sales department, are ranked September 6 to buy the top five sales department. September 6 Softto The lowest price of 9.51 yuan (average 9.55 yuan), yesterday, the maximum of 9.43 yuan (average price of 9.08 yuan), so the idle money is loss out. Involved in the cultural industry heated up cultural industry is undoubtedly this year's a-share market, one of the hottest hot, day of the enterprise Softto for the acquisition of the cultural industry in the Guilinguang dimension and was enthusiastically sought after by the market. On the evening of September 3, Softto issued a notice, proposed to be 5.91 yuan per share of the price directed to add more than 216 million shares, raise funds not more than 1.28 billion yuan, for the purchase of Guilin wide-dimensional equity. Data show that Guilinguang is mainly engaged in real culture performing arts, through the sale of tickets to earn income. Guilin Landscape Performance "impression Sanjie" is by Guilinguang investment construction, Zhang Yimou, Wang Chaoge, Shang, such as the composition of the director team responsible for the performance of the creative, screenwriter, director, stage design and so on, and enjoy the title of the work. According to the announcement, the company's business stability, income and net profit in the past three years have steadily increased, with 2010-2012 years operating income of 121.5045 million yuan, 167.6807 million yuan, 179.1103 million yuan respectively, the net profit is 54.9283 million yuan, 83.7277 million yuan, 95.9287 million Yuan. Clearly, such stunning financial data have made markets willing to give Softto a higher valuation of the takeover. Then the two-tier market on the Softto stock will start like a runaway Mustang, three consecutive trading days trading, the stock price from the previous 7.18 yuan/shares soared to a maximum of 9.56 yuan/share. "Uncertainty" makes idle money lose out? After three consecutive trading days of trading, Softto issued a notice of suspension verification. Let investors did not think is that after nearly 20 days of suspension, there is no substantial negative news, yesterday, the card began to plummet, and even fell. Check out the latest revised edition of Softto issued a A-share stock plan, the two schemes are similar, only in this non-public offering program still need the general meeting of the Company to consider approval and report to the CSRC for approval, revised version added "Guangxi Vinylon Group Limited Liability Company (hereinafter referred to as ' broad-dimensional group ', holding Guilinguang dimension 67% Shares), Guangxi Mandarin Arts Limited Liability company (hereinafter referred to as ' Guangxi Mandarin ', holding Guilinguang 33% shares) "The sale of Guilin wide-dimensional equity needs of the broad-dimension group, Guangxi Mandarin shareholders will be considered through. Can passOver Guang-wei group, Guangxi Mandarin shareholders will consider the uncertainty. In an interview with the first financial daily, a senior executive of a listed company who declined to be named in Shanghai said the revised version adds a sentence such words will inevitably let the market produce many daydream, but from the scheme itself, the above uncertainty effect is small, pass the probability is very big, after all, softto given the purchase price premium is very high. According to Softto's announcement, the acquisition of the Guilinguang dimension of the maximum value of 1.28 billion yuan, the assignor and the transferee agreed to refer to the Guilinguang Dimension 100% Equity valuation, negotiated the final transfer price. According to the information, as at the end of 2012, Guilinguang-dimensional total assets of 203 million yuan, net assets of 161 million yuan. According to the assessment data, as at November 30, 2012, Guilinguang-dimensional total equity value of 1.141 billion yuan. As of June 30, 2013, Guilinguang-dimensional assets amounted to 255 million yuan, the owner's equity amounted to 187 million yuan. On this basis, it is 6.8 times times higher than the net assets premium. At the same time, since 2012, there has been a surge in Guilinguang accounts receivable, prepaid accounts and other accounts receivable. Data show that 2010, 2011 accounts receivable 2.168 million yuan, 371,000 yuan, and 2012 and the first half of this year, but a sudden surge of 13.7448 million yuan, 12.3382 million Yuan, 2010, 2011, respectively, the pre-payment is 3.5688 million yuan, 4.9946 million yuan, 2012 and the first half of this year surged to 51.5201 million yuan, 79.7615 million yuan. "The acquisition of cultural assets is indeed one of the hot spots in the current market, before softto continuous trading in a-share market environment is not abnormal, but after rational thinking will return." "The above listed company executives told reporters," and for the transfer of performance pledges compensation measures, even the revised version is only said to be completed after the audit evaluation, the two sides signed a formal agreement, which will also let the market is considered a kind of uncertainty, so after the fall of the card is normal. "Check out yesterday evening SSE disclosed data found that the main selling is the former speculation of the hot money." Yesterday sold the top four seats Citic Securities Fuzhou company Jiangbei Road Sales department, CITIC Securities Shenzhen Fuhua All the way sales department, CITIC Securities Shanghai Hengfeng Road Sales department sold nearly 65 million yuan, accounting for 20% of the day turnover. And these sales department is September 6 big buy Softto sales department. According to September 6 Softto share price of the minimum of 9.51 yuan (9.55 yuan), yesterday, the maximum of 9.43 yuan (average price of 9.08 yuan), the above-mentioned idle money are losses out.