Listed Apparel Companies Frantically Get Rid Of Shares

In the view of Shen Meng capital executive director Shen Meng, if the reduction is small, it may be the consideration of controlling shareholders in the allocation of funds; if the short-term reduction is large, it may be that the controlling shareholders intend to restructure or make preparations for changing the main business; if the reduction is still an absolute controlling shareholder, it is the possibility that the controlling shareholder will have high cash in cash.

"There are some capital arrangements for the major shareholders, and one is that the stock market is too hot recently, the gem valuation is 100 times, and the small and medium board is 70-80 times, which is much higher than the normal 20-30 times valuation. We can see that there may be some adjustment in the second half of this year, and maybe even the top. "

Reduction can make a controlling shareholder of a publicly listed company make a profit. After the announcement of controlling shareholders' reduction of information in early April, from April 9, 2015 to April 10th, the Chinese clothing investment reduced 50 million 550 thousand shares, that is, 5% of the shares, the average reduction price was 21.17 yuan, and the profit was 10 .7 billion yuan. In April 15th, the Chinese clothing investment was reduced by 5% of the shares, the average reduction price was 22.39 yuan / share, and arbitrage 1 billion 132 million yuan. Two purchases were reduced, and the investment in Chinese clothing was "2 billion 202 million yuan".

Although the controlling shareholder of fuanna controlled only 2.71% of the shares, it gained 3 .86 billion yuan. Several other clothing listed companies have not started reducing their holdings since the announcement of the controlling shareholder's reduction. However, if the closing price of the previous trading day is announced, they will be reduced by 12% to 3% of the 100 yuan round trousers industry, and they are prepared to reduce 14 .67% and 27% of Jomoo Wang and Roley home textiles, and the planned reduction of 2.71% of fuanna. Their controlling shareholders can earn 2 billion 700 million yuan, 699 million 700 thousand yuan, 1 billion 813 million yuan, 6 billion 418 million yuan respectively.

However, Apparel listed companies Why did the controlling shareholders gather together to reduce cash holdings? This has to recall the market of garment stocks this year.

Taking 100 circles trousers industry as an example, 4 investments have been announced this year, namely, the cross-border e-commerce company, Shenzhen Qianhai Paton Xun, the transferable cross border e-commerce comprehensive service provider, the Guangzhou pahlun trade equity, the purchase of Shenzhen world Tesco Agel Ecommerce Ltd and the investment of Shenzhen Tong technology. Four investments have fallen 1 billion 146 million yuan, and the hundred circle trousers industry even intends to rename the "cross border treasure" and force cross-border electricity providers. Its share price has also risen. From the first trading day of this year to June 5th, the share price of 100 circles trousers industry rose from 28.82 yuan to 106.98 yuan, up 271.2%.

The reporter calculated that from the beginning of this year to June 5th, the stock prices of search, special, nine, 131%, 164.1%, 186.8%, 164.7%.

The sharp rise in share prices or these listed companies are aware of potential crises. Roley's home textiles Dong Mo Tian Lin responded to the media or interpreted the real idea of reducing cash holdings. "There are some capital arrangements for the major shareholders, and one is that the stock market is too hot recently, the gem valuation is 100 times, and the small and medium board is 70-80 times, which is much higher than the normal 20-30 times valuation. We can see that there may be some adjustment in the second half of this year, and maybe even the top. "

While in Xiang song capital Executive director Shen Meng looks at the possibility of a substantial reduction in controlling shareholders of apparel listed companies. "If it is a small amount of reduction, it may be the consideration of controlling shareholders for capital allocation; if it is short-term large reduction, it may be the readiness of the controlling shareholder to restructure or change the main business; otherwise, if the controlling shareholder has other assets other than clothing listed companies, if he is not optimistic about the clothing industry, he may take advantage of high cash." Shen Meng told reporters. However, Shen Meng also pointed out that if the reduction is held, the controlling shareholder is still holding absolutely. cash It's more likely.

Take the recent release of the controlling shareholder's reduction in search of special case. According to the information of trading software, after the resumption of power, the company's share price has reached its highest level since 2011. After preparing for transformation to capital and management, the company's share price has risen 169.2% since 2015, especially since May, and the company's share price has been more powerful since the beginning of May. The stock price has risen by 62%.