129725023501175594_50High quotes human element near 30% half Super Fund will reduce inquiry
Editor's Note: new stock inquiry agencies, fund companies is one of the largest groups. For new share issues and inquiries, fund companies do you think? What are they really think and practice? The crux of high quotation? Strategy is what? To sample from real, securities times in 2012 before the Chinese new year "fund shares inquiry business survey", Common to all 67 of 69 funds in the company's issued products issued an anonymous questionnaire, completed by the head of the company's investment and research. Questionnaire survey on Fund inquiry of new shares in securities times, over half of fund companies say 2012 will reduce inquiry almost 30% think quoting process design and management of the company too extensive; was cause of high prices in the Fund to obtain short-term gainsAt the top, 18.08% company "of inter-agency exchange gifts-trading", select "relationships and human feelings" and "shareholder puts pressure on the background of brokers" and 29.75%, near 30%. Fund new causes of high prices: recent 30% to obtain short-term gains are most likely to cause the Fund to play a new reason for high prices is what? Survey, 29.55% fund companies considered to be "in order to obtain short-term gains", number one; 20.45% fund companies have chosen "is good, high vacuum chip"; select acquire for investment and development support, sales and other inter-agency "exchange gifts" transactions accounted for more than 18.08%; considered "relationships and human feelings" select 17.35%;12.4% fund shareholder pressure;Why 2.17%. Ranked high system causes the crux of the issue price of new shares in the IPO price high selection in the number one reason for this is "system design" option is proportional to 28.3%; "enterprise, PE money, cash impulse" and "investment banking Super-raise impulse" and tied for second, the same percentage 22.12%; "fried newThe traditional "ranked four, 15.03% fund companies have chosen this particular; then" shouted high high, fried inquiry agencies ", 8.91%; 3.52% fund companies have chosen others, for other reasons, the fund company's due to a strong market speculation atmosphere, public relations, and other non-public methods. Near 30% fund companies believe thatQuote process too extensive for new stock quote process, fund companies are the most common process is "researcher giving advice, fund managers decide", the process of fund companies that are at the top of 19, percentage 47.5%; Select "researcher to the suggested retail price, fund managers beyond quoting certain percentage need to escalate" 15, 37.5%; "Does not understand, it is difficult to value new industry, light industry, broken down assets industry ain't touching ", starting with the most common processes this option of the first fund company about 7.5%; Select" industry average price-earnings ratio of listed companies to reference prices "versus 5%; last was" based on recent average reference price of new shares new shares over time ", than 2.5%. The quote processFund companies believe that the most reasonable process is "researcher to the suggested retail price, fund managers beyond quoting certain percentage need to escalate", 33.33%; followed by is the "industry average price-earnings ratio of listed companies to the reference price," "suggested retail price, a researcher at fund managers decide" and "can't read, difficult to new industries, light industry, broken down in value assetsIndustry ain't touching "than 20.29%, and 15.94% respectively. Commonly quote process design and management of new shares, fund company views differentiation, almost 30% think quotation process is too extensive, 50% Fund Corporation considers appropriate. 27.5% of the firms surveyed believed that "too rough", 5% said that "a mere formality","Reasonably well" and "applicable" proportion of fund companies and 17.5%. Four companies think shorting mechanism can be short for more suppression mechanism can be issued for more suppression strategies? 40% of the firms surveyed believed that "effective", 10% fund companies think "invalid", that "bad judgment" as much as 50%. 2012 baseGold half the new strategy of playing super funds will reduce inquiry surveys, reduce new stock quotation is mainstream, when asked about 2012 participation of IPO inquiry, 22 funds companies have chosen to "reduce", 55%; 40% fund companies have chosen to "remain unchanged". It is worth noting is that only 2 fund companies stepped up against "price intervalSelect "problem will find that although the two companies increase the intensity of an enquiry, but consensus has quote a reasonable lower bound of the range, which adhere to the" multi frequency low price to participate in the inquiry "policy. 90% fund companies offer relatively cautious. For the 2012 bidding strategies, 90% funds take unbiased "relatively cautious", "more upbeat" quotePolicy only 2.5% that it will "extremely conservative" than 7.5%. Minimum fund companies have chosen price range of 52.5%. At a reasonable price range, select "price range lower limit" fund company 21, less than 52.5%, select "price range" median line 19, 47.5%, no fund companies have chosen to limit. 65% funds will decrease the number of new. New share purchase strategy for 2012, 1 venture capital firms said they would suspend playing new, ratio of 2.5%, 65% per cent of fund companies have chosen to "reduce the number of new", 32.5% said "the past". In addition, there were 11 per cent of fund companies will take this year as a major new online, 75%Will still select network as a new major way. Super 70% selective new shares of the Fund in the future, fund companies will form in the new difference? For instance, some fund managers decided not to vote in an inquiry of net contribution of smaller input of new shares, does not play the new shares; some preferences only certain types of shares; others will continue to play a new spending more on investment research power, and strive to earn relatively OKBenefits. On this issue, 72.5% fund company that there will be differences, 27.5% means bad judgment. The view was expressed that, one of the root causes of the current secondary shares market remains weak, is the high price issue in recent years, primary market investment value is not supplied to the secondary market. In this regard, 42.5% fund company agrees, 2.5% against 55%You think "is an important factor, but not the key factor." Fund reasonable offer the ability to improve on the current initial public offering (IPO) and breakdown of the number of family circumstances, fund managers can reasonable offer made by the extent to which the new shares? On this issue, fund companies answer obvious differentiation, considers the high 100% covered low considered can do reasonable offer only5%~10%, plus, 20%, 50%, 70%, answers, and so on. Fund company said, with the help of external resources, you can implement a 80% reasonable offer, for mature industries
warhammer gold, 100% can be done, and some fund companies think, reasonable offer nothing to do with research capabilities; also fund companies that, the key issueIs that very few people take into account new shares "intrinsic value", and always pursuing issued "price", the result is rising. Half of the private placement will reduce the intensity of new 75% private equity select new inter alia 67 fund companies on the Internet, the survey questionnaire distribution objects also include private 30 Sun. Surveys show that interviewed in private 75% said this year will be mainly to online playNew
eq2 platinum, more than 30% private conservative bidding strategies will be taken, over half of the private placement will reduce the participation of new. When asked about 2012 inquiry at the intensity of involvement of new shares, 56.25% private-equity firms surveyed said it would reduce participation, 43.75% said that it will remain the same, there is no private-equity firms choose to increase the intensity of new inquiry. Similarly cautious atmosphere also diffuseIn the answers to other questions. For the 2012 bidding strategy, no private choice "more optimistic", 31.25% of private-equity firms surveyed said "extremely conservative", and 68.75% should be relatively cautious. 12.5% private choice in 2012 to suspend new share purchase, 75% that will "reduce the number of new", 12.5% "As in the past. "
"One of the root causes of the secondary market remains weak, is the high price issue in recent years, the primary market investment value is not supplied to the secondary market", only 18.75% per cent of private-equity firms agrees, 81.25% that "is an important factor, but not the key factor." �� data survey �� 55% reduce new stock quotation is mainstream, there are 22 public fundsSecretary, involvement of IPO inquiry this year will be lower, than 55%. 90% Fund says, 2012 will be taken relatively cautious bidding strategies of new shares. 53% at a reasonable price range, 21 fund companies have chosen price range lower limit than a near 53%. 73% Super cent fund managers believe that raise the inquiry's requirements. 53%Super 50% Fund argues that funds have been asked to withdraw by dealers reported low price
diablo 3 gold, this results in a reported low price institutions crowding out inquiry system, the high price of institutions but have room for survival. 43% Fund believes that one of the root causes of the a-share market remains weak, is the high price issue in recent years, the primary market investment value is not supplied to the secondary market.
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