Iron Chicken Rosha Listed 19 Years No Dividend, Can We Consider Suspending The Listing?

According to the world clothing shoes and hats net,

The stock market is not paid dividends for 19 years, on the grounds that the undistributed profit is negative.

The reporter suggested that for those companies with negative long-term profits, they should also stipulate some criteria for delisting.

In accordance with the provisions of the securities and Futures Commission, a company that has lost three consecutive years will be suspended from listing. Losses will be terminated for four consecutive years. As a result, many companies will suffer a loss in the first year. The deficit in second years will be lost once enough, and then third years will result in a small profit report. In this way, fourth years and fifth years will be able to make losses without delisting.

This practice is known as "Lai Lai" by investors. It is also the direction for investors to criticised A shares without delisting.

This column suggests that such an old Lai can actually be deterred by them, that is, undistributed profits. For example, if a listed company is negative for 5 consecutive years of undistributed profits, then it will suspend the listing. If the sixth year is negative, then it will terminate the listing.

Logic is also very simple. In 5 years, there is no way to make money back. Why should such a company waste the energy of investors?

If undistributed profits are negative and dividends are not paid, companies like this will not be able to give investors any sense of return on investment.

For example, the shares of Sha Sha, although the stock price is above 40 yuan, but his profits and dividends are really unflattering. In the first quarter, the profit is 0.036 yuan, the dynamic P / E ratio is more than 300 times, and the undistributed profit per share is 0.0798 yuan. According to this financial data, she still has the ability to symbolize dividends a little, even if every 10 shares distribute 0.01 yuan in cash dividends, it also has an account for investors, and it will not be summed up in the 19 years of listing.

The problem now is that the company has the ability to pay dividends instead of dividends, even if there are no more than 0.01 yuan for every 10 shares. Such an iron chicken has been pursued by investors for more than 40 yuan. The reason for the rise in stock price is that it is sought after by capital and raised by large funds.

According to this logic, the capital of Sha Sha is bought as shell resources by big funds.

This column often says that if a company is restructured on the one hand, it will inevitably lead to unfair information to ordinary investors because of asymmetric information. In the end, whether the success or failure of reorganization is achieved, the results of small and medium investors will be far less than that of large funds.

This column gives a solution, that is, if a listed company is willing to be restructured, it must suspend the listing first, and then resume the listing after the reorganization is successful, so that the reorganizing party and the reorganized party will be able to negotiate with no fear during the time of suspension of the listing, without worrying about the two level.

The changes in stock prices, such as the shares of ruse, are obviously now being hyped up by big funds as shell resources. But who knows if big funds really want to inject high-quality assets to make the shares of rea Sha change, or do they just want to make profits and run away in the fluctuation of share prices? Since everyone is not good enough, it is better to suspend the listing first, and wait until the reorganization is completed, and then resume listing, so that small and medium investors can share the results of the restructuring fairly.

Of course, maybe Sha Sha shares are not willing to be suspended from listing. Is it possible to change a concept temporarily?

No, that is to say, now that the shares of Lasa have entered the stage of lifting the cards, they can stop the cards first, and wait until the buyers have a statement before resuming the paction, so as to prevent ordinary investors from losing money.

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