Million good million home: share price eight days double two shareholder accurate bottom profit 29 million

Investor newspaper (intern reporter Lizhen) since two quarters, the reorganization of the subject stock speculation intensified, which million good million (000576.SZ) of the 6-word trading is particularly eye-catching.　　The shares have doubled in just 8 trading days since the June 19 recovery. The surge in the round from million good million home reorganization announcement. The announcement shows that the company will be restructured with the Tianbao mining industry and become a mining company by the hotel chain. In the process, Chenglizhong and Hu Jiandong become the most beneficial individual shareholder, rough estimate, two people total earn 28.75 million yuan.　　Coincidentally, the two are also lurking in the St titanium dioxide in the 10 large circulation shareholders. "Mining upstart" by the market heat from the June 19 after the card, million good million consecutive 6 trading days unlimited trading.　　Trading opened, the unit remains strong, as of July 7, the stock price from the suspension before the highest 7.6 yuan soared to 17.66 yuan, the largest rise to 132%. and Wuzhou Pearl, Gaochun Ceramics, million good million of the soaring also benefited from the reorganization theme. The company issued a June 19 announcement that all listed companies ' assets and related liabilities (with the exception of traded financial assets) would be placed.　　The assets placed are stakes in several companies held by the Tianbao mining industry. At the same time, million good million at the price of 7.05 yuan/share, issued a quantity of not more than 285 million shares to make up for the difference between the two assets.　　In the end, the Tianbao mining industry will hold 71.95% of its shares to become the largest shareholder of million good million.　　In fact, two years ago staged a similar play code, at that time million good million or a group called Qingfeng shares of textile companies. Qingfeng shares since 2003 after the listing of continuous losses, embarked on the "Beatles Hat" road, restructuring has become the inevitable choice of the company.　　In the meantime, a number of companies to the Qing Fung shares out of the olive branch, most of the company belongs to the textile industry, at that time, Qing Fung shares also said to the outside world, more favored textile enterprises.　　But the end result unexpectedly, the Qing Fung shares chose at that time still unknown million good million, in 2007 two quarter renamed, the business also from the textile to the chain hotel and real estate investment. At the beginning of the reorganization, the company's asset quality and profitability were greatly improved with the rapid growth of domestic economy chain hotels, and the ability of sustainable development was enhanced significantly. However, with the rapid expansion of scale, the weakness of the company's financial strength gradually revealed.　　At the same time, the increasingly fierce competition in the industry led to a decline in the continued profitability of the chain hotel business, and its real estate business follow-up development prospects are not optimistic. So, million good million in the second half of 2008 again embarked on the road of restructuring.　　In September 2008, the company issued a notice of the replacement of assets with Hing Tai Investment company, but the result was suspended until May 20, 2009, and Tianbao mining assets reorganization. The two major shareholders accurately settled in the second half of 2008 million good million home after the asset reorganization, the top ten circulating shareholders will be frequently replaced, but successful "latent" to the reorganization of the opportunity is twoIndividual shareholder Chenglizhong and Hu Jiandong. Company earnings show that Chenglizhong in the 2008 years of the Four seasons in the bottom when the million, 586,900 shares, ranked 7th, in the first quarter of 2009 years, but also added 1.1622 million shares, ranked top ten circulating shareholders second; Hu Jiandong in 2009 years in the first quarter as million good million of the third largest circulating shareholder,　　Shares 1.46 million shares. Million good million 2008 years of the Four Seasons average price of 5.8 yuan, 2009 year of the first quarter of the average price of 7.6 yuan, Chenglizhong and Hu Jiandong's shareholding cost is 12.24 million, 11.1 million yuan, as at July 7, according to the day of closing 16.23 yuan, two people set the amount is 28.39 million yuan,　　23.7 million yuan, deducting the cost of profit of 16.15 million yuan, 12.6 million yuan, the total profit of 28.75 million yuan.　　In contrast, another circulating shareholder, AIA Huatai, was well positioned to enter the timing, but lost most of its positions before the stock soared. AIA Huatai Fund in 2008 years of the Four seasons in million good million, holding 5.2211 million shares, ranked first in the top ten circulating shareholders. According to the average price of 5.8 yuan, its shareholding cost 30.28 million yuan. At the end of 2008 million good million home and the reorganization of the company after nothing, the fund lost Patience, the 2009-quarter reduction of 4.0693 million shares, according to the average price of 7.6 yuan, deduction costs only profit 7.32 million yuan.　　According to the July 7 closing price calculation, because of its premature reduction, earn 35.12 million yuan less. Interestingly, the "investor" reporter found that in the first quarter of 2009, Hu Jiandong and Chenglizhong also is St Titanium dioxide 10 large circulation shareholders, respectively, ranked 5th and 6th, the number of shares in close proximity, respectively, 739,400 and 738,800 shares. And in the 2006 after the other companies of the top ten circulating shareholders, have not found their figure.　　St Titanium dioxide in the first quarter of the average price of 6 yuan, the two shareholders of the cost of 4.44 million, 4.43 million yuan, as of July 7, St Titanium dioxide reported in 8.66 Yuan, the two-person set of cash amounts in 6.4 million, the profit amount is around 1.96 million yuan. "They have nothing to do with the company and whether there is a relationship between them is unclear."　　"Million good securities affairs representative Wanya to the investor newspaper reporter.　　Reasonable stock price only 8~10 yuan although million good million home by the warm pursuit of funds, but from the stock price has been obviously overvalued. Tianbao Mining has a mainly molybdenum ore, gold, iron ore supplemented by a variety of mineral resources, 2008 molybdenum concentrate production 5021 tons, gold concentrate production 3920 tons.　　2008 achieved net profit of 237 million yuan, net assets yield 21.36%. Million good million home is hype, in addition to the recent resource market, especially the impact of higher gold prices, the most important or reorganization of the theme of speculation.　　"Nanjing Securities analyst Liuxize told the investor News reporter. He believes that the financial crisis was also affected by the 2008, Tianbao Mining 2008 years of profits in the same industry is low level.　　If only according to Tianbao Mining 2008 years of profit estimates, after the successful reorganization million home earnings per share of about 0.5 yuan, reasonable valuation in 8 to 9 yuan, if combined with the estimated profit of 2009 years, earnings per share around 0.9 yuan, the target price is about 12 yuan. "Overvalued, obviously overvalued!" It is a mainly molybdenum mine after the transformation of the company, in this industry, gold and molybdenum is the leading boss, and the current million good million than their boss is still high. "Liuxize think million good million of the stock price will not like Gaochun ceramics in the trading after opening up can also have a long-term rise trend," because the quality of injected assets is far inferior to the quality of Gaochun ceramics, million good million home will soon embark on the road of value return. CITIC Investment analyst Guo Xiaolu also told reporters million good million valuations are significantly too high, and that according to 2008 earnings, its earnings per share around 0.47 yuan, reasonable price should be in 9~10 yuan.