Is additional issuance a good thing or a bad thing?
Issuance itself is a tool to raise funds, which is neutral. IPO is also a financing tool, so is convertible bonds, and so is rights issue. Whether the issue is good or not, the impact on the company's value is the key to judgment. At the beginning of 2008, peaceful issuance became the last straw to crush the bull market, which was condemned by many people and fell into eternal infamy. In fact, China Ping An issued additional shares at a record high of 7pb. I can't help but shout for it! This is wise SHEN WOO's management, which focuses on maximizing shareholder value.
Whose money is Pingliang's additional issuance?
Everyone saw the words "peace" and "additional issuance" in a conditioned way. It's ridiculous that all domestic investors rose up and attacked them in groups. Don't say that the private placement has no effect on the money of the old shareholders and the funds in the A-share market. Maybe Buffett is happy to be safe this time. Even if it is the money of A shares now, I don't think it matters! What matters is at what price, what role the money can play and what kind of return it can bring to shareholders. This is the key! Are the interests of management and shareholders vital? If management wants to do big business, will it kidnap and hurt the interests of shareholders? If the circled money can immediately play the same role as the original money of the company, then high PE issuance is the rhythm of sending money to the old shareholders.
How has Ping An performed recently?
China Ping An's previously announced results for the first three quarters showed that the net profit attributable to shareholders of the parent company was 365,438+068.7 billion yuan, up 35.8% year-on-year, and its strong performance growth exceeded market expectations. While the traditional business has achieved rapid growth, the internet finance business has also developed gratifying, and the number of users and transaction volume have risen rapidly.