Will listed companies be in a hurry when their share prices fall?
That depends on how it falls. If it falls below 1 yuan, it will definitely be anxious, because it will be delisted, but listed companies are not anxious about the interests of shareholders, and they are anxious that they cannot cash out happily.
The other is that the main person in charge and senior executives of listed companies have bought their own stocks, and they are sure to be anxious when they encounter a big drop, and their profits are less. Who doesn't want to make more money?
In addition, the stock price decline will not make listed companies anxious. As long as it is not related to their own interests and the stock price drops by 99.9%, listed companies will not be anxious.
The listed companies that are really worried about the stock price will never exceed 0.0 1%. Its share price has fallen, and it always tries its best to make its share price go up in a legal way. Such a company is hard to find with its "Eye of the Sky". ...
This will be divided into several situations:
1. For a well-run company, the short-term stock price decline has no effect on them, and they don't need to worry about it, because for a company's operators, revenue, profit and market share are the most important. Under normal circumstances, if the above three points are well done or even increased, the company's share price will not fall, which is within the normal range;
Second, if there is no problem in the company's operation, but the stock price has fallen for a long time, the company should start to pay attention at this time, because the long-term decline in the stock price will make consumers question the brand and have an impact on the company. Generally speaking, the abnormal decline of a company's share price for a long time may be due to short selling or extreme emotions in the market. At this time, an announcement will be made or shares will be repurchased to give investors confidence.
Third, now many major shareholders of listed companies will pledge their shares. For example, the boss of Shentong Express will pledge all the shares. At this time, if the stock price continues to fall, it is very likely to reach his liquidation line. Once this happens, he will directly lose control of the company, so at this time he will either look around for money to increase the margin or try to pull up the stock price.
Fourth, the stock price decline caused by poor management is the most unsolvable, and there is nothing the company can do if it is in a hurry, because the market is like this.
Companies will be anxious when the share price of American stocks falls, because American companies are responsible for every investor, and one of them may cause a chain reaction, but A shares are different. First, the system is not so perfect, and second, the leeks don't realize it, so it's casual.
Companies listed in the United States are for financing and development, while companies listed in China are mainly for financing and cashing out. There are still obvious differences between them.
American stock market has a long history, perfect rules and small loopholes, including severe punishment for violators and mature and effective short-selling mechanism. In addition, delisting is not soft, and the number of listed companies is basically the same as that of delisting every year, ensuring the survival of the fittest and metabolism.
Learning is like sailing against the current. If you don't advance, you will retreat. Listing in the United States, if there is no performance support, can not achieve scale growth, it is easy to be targeted by short-selling institutions, and the stock price is suppressed. If you can't hold on, you will eventually withdraw from the market.
Companies that can choose to list in the US stock market are often companies that want to operate seriously. Naturally, they will pay more attention to the stock price. When the stock price falls, they will try to stabilize the stock price, buy back the stock and publish relevant data, and take timely action.
For the decline of domestic stock market, on the one hand, listed companies have become accustomed to it, on the other hand, they will fall anyway, because the cost of original shares is extremely low, so long as they can cash out, they will never be soft and make money forever.
Domestic listed companies are mixed, financial fraud often occurs, the cost of violating laws and regulations is extremely low, and the delisting period is long, even if it is delisted, there is no loss.
Take PetroChina as an example. 48 yuan is now down to 4.4 yuan. Are you in a hurry? Did you buy back the stock? No. What is the issue price? It is nothing more than a seriously overvalued price. If it falls below, it won't lose money.
The money is in hand, the bag is safe, and the controlling stake is firmly in hand. It doesn't matter what the stock price is. Soon after the good news is released, we can also cooperate with institutions to speculate on stock prices and then gain a wave of investors.
The rules are not perfect, and the stock market is a leek land after all.
Don't worry, there is a lot of good news in the toolbox before listed companies reduce their holdings. After the stock critics blew up, the major shareholder pulled up slightly because of the wind, and the stock turned from falling to rising. Retail investors rushed in and turned from rising to falling.
It has become the norm that the share price of listed companies in A-share market falls. Listed companies are in no hurry, mainly for the following three reasons:
The first point: listed companies have raised funds.
When the listed company went public, it raised a sum of money, which has been in the pocket of the listed company, and this money has entered the pocket of the listed company. It seems that the stock price decline has little to do with listed companies.
There is a simple reason. The share price of listed companies is just a number. The rise and fall of a number really has little to do with listed companies. As long as the stock price runs above 1 yuan, listed companies are not in a hurry, no matter how the stock price plays in any secondary market.
The second point: the major shareholder has cashed out.
Most listed companies in the A-share market are listed by cash, fund-raising, cash-out, cash-out and mortgage.
As long as the company goes public, as long as the stock price rises, it can take the opportunity to cash out at a high level; When the stock price falls, they can also cash out on dips, so they can cash out when the stock price rises or falls.
Because the major shareholder controls the share price of the primary market, the cost of holding positions is too low. Many major shareholders are negative positions, making money no matter how the stock price falls. Therefore, no matter how the stock price falls, it is profitable, and there is definitely no hurry.
The third point: the stock price is determined by the secondary market.
When a company issues shares after listing, its share price will be determined by the relationship between supply and demand in the secondary market, and listed companies generally have no right to interfere with the share price in the secondary market.
The stock price is determined by many factors in the secondary market, not by listed companies. Therefore, when the secondary market environment is not good and the stock price falls, it is useless for listed companies to worry again, and it is impossible to change the stock price rise and fall in the secondary market.
Since the stock price is determined by the secondary market in many aspects, there is absolutely no need for listed companies to get angry for the stock price. The high point of the stock price is determined by the market. It is useless for listed companies to let nature take its course.
take for example
Our A-share PetroChina, one of the top 500 companies in the world, has a very strong ability to make money. It is such a high-quality company that it has been more than ten years since it opened at 48.60 yuan in June 2007 and closed at 4.42 yuan this Friday.
Since PetroChina went public, its share price has been falling all the way, hitting new lows. Are listed companies in a hurry? PetroChina has never been in a hurry because its share price has fallen.
Therefore, represented by PetroChina, it is enough to show that the stock price decline in the A-share market will not make listed companies anxious. Listed companies are not anxious mainly because they have already cashed in financing, so listed companies will certainly not be anxious.
Most listed companies don't want their share prices to fall, otherwise there will be a saying of market value management.
Why don't listed companies want their share prices to fall? There are several reasons:
1, the stock price decline affects the market value. In the era of cosmetics with large market value, every company hopes that its company can be recognized and accepted by the market value. The greater the market value, the more direct the impact on the market value is the change of stock price. The higher the stock price, the higher the market value, and the lower the stock price, the lower the market value.
2. The stock price directly reflects the management level. No company wants to get smaller and smaller. The lower the stock price, the lower the market value, indicating that the company is smaller, which is reflected in the market that the management is not up to standard. Who can stand this?
3. Market value affects the company's financing ability. The bigger the market value, the easier it is to get cheaper and more funds from the market. The falling stock price has a great influence on the company's financing ability, and sometimes even makes the company need to supplement mortgage, pledge, bank loan, and stop lending, leading to serious consequences such as capital fracture, bankruptcy, and restructuring.
At present, there are indeed many A-share companies that have fallen for a long time. It is not that listed companies are not in a hurry, but it is useless to be anxious. Some simply come to the end of the listing, and don't care if they can get the money after lifting the ban; Some are lack of ability and market changes, which leads to the deterioration of the company's business and the decline of the stock price.
In most cases, falling stock prices are harmful to listed companies. Therefore, many listed companies will invite specialized agencies to manage the company's market value, just to make the company have better development.
Most A-share listed companies go public only to make money and get rich. This goal is too easy in this market full of deception and extremely low cost. Once the basic purpose is achieved, it doesn't matter whether the company operates well or not. It is too difficult to do a good job in a company. It is better to simply and quickly re-list the whole company, or sell it with a shell and make a big profit. Secondary market re-operation. Oh, my God! Not too cool! Therefore, we can see how many companies are actually just circling money to reduce their holdings, and then anyway, they are circling money to reduce their holdings. It is insignificant to make an announcement at will, be condemned, be warned, or even be fined hundreds of thousands. So honesty is useless here, and the stock price is actually manipulated casually. But now, with the strengthening of supervision, it is more difficult for fake and shoddy companies to survive, so more and more companies have been exploded and more and more companies' share prices have leaked thousands of miles. Falling stock prices will be the long-term trend of most companies, because they are essentially rotten things. What's the hurry? There is no need, because it is full.
I think whether listed companies are in a hurry depends on whether they are state-owned enterprises or private enterprises.
If it is a state-owned listed company, there is a high probability of not being in a hurry. Because executives of state-owned enterprises usually don't own shares in the company or engage in equity pledge, the rise and fall of the company's share price has little effect on their promotion. At the same time, they usually don't worry about the risk of delisting, because even if their performance is lost and they are on the verge of delisting, they can get various subsidies with the help of "non-recurring gains and losses" to avoid a bullet.
For private listed companies, they are usually concerned about the rise and fall of their own company's share price. Because their major shareholders and executives, usually founders and their relatives and friends, hold shares in their own companies and can reduce their holdings and realize them at the right time. The rise and fall of share prices are directly related to their wealth. At the same time, before, the major shareholders of private listed companies were keen on equity pledge financing. If the share price falls too much, they may close their positions, so when they approach the closing line, they usually try to release some good news to the market.
As long as people who hold stock shares are anxious, for example, if the chairman holds shares in the company, the general major shareholders will pledge their funds in the bank, so when the stock falls below the pledge cost, they need to make up their positions, so the stock price decline will still have an impact on the company.