Long voyage oil transport: Gaoriza holding a very good price

Long voyage Oil (600087) May 17 disclosed the company's executives from the two-level market to buy their own shares 568,900 shares of information, the East China Sea Securities Zhang that Gaoriza is aimed at boosting confidence in the market to protect the company to complete the issue of additional. On September 26, 2009, the company issued a targeted additional plans, the number of non-public offerings of 200 million-600 million shares, the company's controlling shareholder Nanjing Oil Transport subscription is not less than the number of private shares of the amount of 50%.　　The company's non-public offering of shares raised the net amount of about 2.5 billion yuan, will be used for the company under construction of the VLCC tanker project, the issue price is not lower than the benchmark date 20 trading day 90% of the average stock price, that is, not less than 5.63 yuan/share. But the company's additional prices are now facing challenges.　　Because of the real estate control policies and external economic deterioration and other factors, the recent a-share market has a large adjustment, the company's stock has not been spared, the recent fall and fell below the original price of 5.63 Yuan, May 17 close to 5.36 yuan, in the May 10 plate has been under the 5.18 yuan. The company's recent net profit does not have the potential to adjust because of the oil tanker Transport market, an analyst told reporters.　　In addition to taking measures to boost confidence, the company has taken other steps to maintain its share price, such as prolonging the depreciation of oil tankers and making some adjustments in accounting treatment, with the ultimate aim of maintaining additional prices and attracting institutional investors to participate in directional placements. Dongxing Securities Zhou said that the company Gaoriza held that the company's management of the company's own development confidence, the market itself for the company's future development prospects are more optimistic, the company spent money to build the tanker fleet, is expected to become the country's largest tanker carrier.　　From the valuation point of view, the company's PB less than twice times, PE will be with the future performance growth gradually decline, the stock price has a certain appeal. East China Sea Securities Zhang also said that although the company's short-term performance may be lower than market expectations, but not change the value of long-term investment.