Help You Find Stocks With Safety Cushions?

After years of observation and summary, I find that there is a class. Individual stock In the current market, investors deserve more attention, that is, H shares absorb A shares and issue new shares.

The number of such stocks is not large, usually because the parent company went public in Hongkong in the early years, and its company has also been listed on the mainland A share market. Now, because of the new capital demand, the parent company needs to go public in the A share market. In order to avoid a series of problems such as competition in the same industry, the merger of listed subsidiaries and the issuance of new shares are often adopted. This involves two very important elements - changing stock prices and cash options.

The change of stock price means that the shareholders of the original A share can be converted into shares of the new company at a certain price and proportion. The cash option is the company's willingness to repurchase shares at a certain price (lower than the share price) when the scheme is implemented in order to protect the interests of the original shareholders. Shareholders usually hold the shares of the new listed companies by converting the shares and wait for the two listing. The cash option gives us a guarantee of "safety cushion". As long as the plan goes smoothly, the cash option is the "bottom price", which is called "controllable loss".

Where is the "profitable period"? The main assets of such stocks profit It is divided into two parts: first, the reorganization anticipation before merger; the company will soon grow from small to strong, and the stock price will show itself; the two is the premium of the new shares issued after the merger of the "two listing". After the completion of the merger, the new company will be listed after issuing new shares, and the issuing price of the companies that are generally returned from the H-share are relatively low, and the probability of premium after the listing will be relatively large.

A more famous case in history is Shanghai Electric's absorption of power shares and issuance of A shares. It became one of the Daniu shares in the second half of 2007. Despite the sharp correction in 2008, Shanghai electric launched a doubling of the market soon after the formal implementation of the scheme, which made the investors who had insisted on the 2008 return. Last year, Jinyu shares absorbed the merger of Taihang Cement and issued A shares. This is also a good case. The Taihang Cement announced almost all the way before and after the announcement. Kim Yu shares listed at the beginning of the performance is also very eye-catching, opening the first day of the new shares premium rate of over 50%. It can be seen that these stocks will give investors considerable benefits. Profit 。

Now there are two stocks in the market: Luqiao construction and GAC Changfeng. The major shareholder of Luqiao was the China Communications Construction Group. At the beginning of the year, it announced the merger and merger plan. Today, the scheme is approved by the shareholders' meeting and the SASAC. GAC Changfeng will also be absorbed by Guangzhou Automobile Group, and the relevant plan will also be approved by the shareholders' meeting and submitted to the approval process. Both stocks are very resistant to the current adjustment, and also highlight their "safety". For such stocks, it is suggested that the principle of combination of central line holdings and short-term price differentials should be adopted. Changing shares and issuing new shares is a long process. A large segment of these stocks may be generated before and after the specific implementation of the scheme, so first of all, keep the chips in the middle line, be patient and not be easily washed out.

We can also make full use of the value center of the stock exchange price to make short cuts. As long as the share price is close to or even lower than the share price, it will be gradually added to the warehouse. When the short term volume occurs, Changyang can sell the short chips and make profits.