The big shareholder gives the fair price becomes the market hot spot

Yu Wei Nearly two trading days will face multiple tests, today is the peripheral market plunged, the Yangtze River Power suspension for a year after the return of the King, Tomorrow is China Unicom's huge restricted shares of the ban into the full circulation era, but also the Chinese stock market once impressive "5.19" market anniversary.　　Investors on the market impact of these factors is clearly divided, which led to the recent increase in the plate shocks, following the Friday low open shock finally after the red, today's market seems to be in the clone of the trend of Friday, but the amplitude of the shock is only increased. If investors pay attention to the list, they will find that our last week's weekend focused on the three of Silver Pigeon investment, Tong Bao Energy and *st on the airlines are trading to create the current round of new highs, when I pointed out that the reason for these three stocks is that the three stocks are the major shareholders open to the market to indicate the fair price of shares. Today, a duplicate of the Yangtze River Power is also a major shareholder to give a typical fair price, last year when the stock index was suspended at 3,600 points, compared to the current point of nearly 1000 points higher, the Yangtze River Power should fall nearly 30% to close to the average market valuation level. But according to today's announcement, the company will purchase its own target assets (9-26 of the Three Gorges Project 18 total 12.6 Million-kilowatt generators and facilities) to China's Three Gorges Corporation. Target assets evaluation value of about 107.5 billion yuan, the company to undertake debt to pay about 50 billion yuan, to non-public offering shares (1.552 billion shares, 12.89 yuan/share) to pay about 20 billion yuan, to pay the price of about 37.5 billion yuan. The proportion of equity financing is lower than the market expectation, the additional price is equal to 90 percent before the suspension, taking into account the lock of the major shareholder and the time cost of capital, 12.89 yuan locked the security margin of the stock. At the same time the overall listing of the company after the asset scale expanded nearly 3 times times, profitability significantly enhanced.　　Therefore, the Yangtze River Power after the rise in the market volume. Recently, due to the large blue chips into a rest, many of the subject stock performance is good, but the market is always orderly round the hot spot. After a few days of rest, today's round of market leader variety of coal plate and a comeback, Jingyuan coal, the state yangxin, Datong Coal industry, open-air coal industry and so are all created a rebound to new highs, leading the plate banner not fall, the market outlook also has the hope of high innovation. Earlier we have said many times, the market is often in the hesitation to rise in the madness of the end, the current market differences show that there is still a chance.