Vincent Neil

The news that the big shareholder reduces lets August prevail in the quotations " Depressing " Burn resurgence communication ( 000063.SZ) The stock price is reproduced depressingly.

September 5, the resurgence communication is announced, holding shareholder's Shenzhen resurgence new communication apparatus Co., Ltd. (hereafter referred to as " resurgence is new " )Have already sold A-share 21,953,000 shares of resurgence in Shen Zhen Stock Exchange, has accounted for 2.29% of total capital.

It forms strong contrast to be with it, at the intersection of A and stock market, but fund, blue-chip,etc. of China, hold again the intersection of resurgence and communication, resurgence two shareholder of H-share on near to increase day by day, hold too, treasure come from, 28 increase day by day, hold 472,400 August among them, the amount of holding share is increased to 7.05% from 6.75%; Morgan large to 29 increase day by day, hold 326,800 of resurgence on August while being coherent, shareholding ratio is increased to 5.07% from 4.86%.

On the 5th - 7 days, the communication stock price of resurgence drops by 1.19%, 0.94%, 4.05% respectively. In fact, in the last 30 days prevailing in the quotations most, only have 5.2% as the amount of the increase of news report of resurgence of blue-chip of the deep bid, but in the past 12 months, the amount of the increase of the resurgence communication 124% lags behind 225% of the deep bid. But many securities traders' analyst still has an optimistic view of the future of resurgence, think this company is in an obvious growth inflection point, gold nearly keeps in the inner organization simultaneously in including " Recommendation " , " hold again " Grading.

The rights and interests of the high tube are reduced by 1.13%

This is new reducing for the second time from the beginning of this year of resurgence. On January 24, sell resurgence 11,489,100 shares of communication newly, accounts for 1.2% of his total capital in resurgence. Up to the closing on September 4, still hold 337,005,339 communication A-share shares of resurgence newly, accounts for 35.12% of total capital of company in resurgence, it is still a holding shareholder.

Released" removes the suggestion announcement that sells of the share limit " according to the resurgence communication of the end of last year, big shareholder the intersection of resurgence and new limit sell share, can list, circulate day as will it be December 29 2006, the share quantity that can remove the limit and sell accounts for 5% of the total capital of resurgence. That is to say, still have 2.71% all right arbitrage of stock right in the new hand of resurgence at present.

The resurgence communication is from December 29, 2006 to September 4, 2007, it was 39 yuan, highest to 62 yuan that the stock price was the lowest, by this, the new arbitrage partial stock right value of resurgence is in 860 million - 1,360 million yuan.

It chooses the arbitrage at this moment why resurgence is new, how will the resulting fund of arbitrage be handled?

On September 7, the relevant personage of the communication securities department of resurgence shows to the reporter, " the listed company just received reducing the notice of the big shareholder, the reason as to reducing, should ask resurgence is new in the not receipt of notification, the concrete matters. "

An analyst of Huatai Securities thinks, this belongs to normal big shareholder to reduce the behavior, also relate to development of the stock market of this year, the surging quotations of A stock market make the estimate value of many companies difficult now, so " can understand to choose to reduce " .

The industrial and commercial materials reveal, the big shareholder of the resurgence three new is: Industrial group company (state-owned stock) of wide space of the spaceflight of Shenzhen Accounts for 17% of the stock rights, the research institute of microelectronic technology of Xi'an (state-owned stock) Account for 34%, the intersection of Shenzhen and resurgence link first coherent the intersection of apparatus and Co., Ltd. ' abbreviate as " link first put through) Accounts for 49%.

It is a company which complete natural persons invested in to link first openly, its shareholder is resurgence communication 39 creators in chief and the incumbent resurgence high tubes of early years respectively. In the 39 people, hold, link 3 people, the intersection of 3% person and 8 people, the intersection of 1%-3% person and 28 people above person the open 5% share first. Among them, Chairman, communication of resurgence, Hou expensive (Hou your news, Hou in order to speak expensively) Managing director the Yin Dynasty is the people, director's Vice President He ShiYou, director's Vice President Shi LiRong, Financial Controller Wei are winning and holding and linking open 18%, 5%, 2.1%, 3%, 3% of the stock rights first separately.

Before resurgence reduces the resurgence communication newly, the high tube group had rights and interests of resurgence communication 18.33% together by way of holding share indirectly, after reducing twice, still hold 17.2% of the rights and interests, has reduced by 1.13%.

Supplementary to expand the fund?

After three falls all over the world continuously, September 7 be closed by 55.41 yuans resurgence communication,but golds middle, in invest organizations such as securities,etc. not to be lasted estimate value resurgence communication among a recent 66-75 yuan.

China's money thinks, the communication present PE of resurgence (p/e ratio) It is 46.1, according to the price at present, according to the expectancy that the achievement increases of next year, there is only 33.5 too in the prediction PE of 2008 of its, average p/e ratio less than market. That is to say, the space of future arbitrage of stock price of resurgence is still very considerable, this is the main reason that the organization continue holding resurgence again at the same time.

Then, during a short period of 8 months, why is great shareholders' meeting reduced continuously?

"Obtaining the cash from the secondary market is perhaps for the management cash flow of supporting the second half year, this a than the transferable bond and ration shares in more advantageous way. " China invests telecommunication analyst Luo YanJun of the securities to think, following half a year, the business of resurgence is stepping into one to reap and dash for one, but expand one in the scale, business, its demand for the cash is obviously urgent too.

By the look of report form of the first half of this year of the resurgence communication, in over the past several months, the manifestation of the resurgence communication is original: Realize and gain 152 hundred million yuan, net profit of 460 million yuan in the 2007 first half of the years, increase by 44%, 33% compared with the same period of last year separately. Among them, GSM apparatus production increases by more than 300% compared with the same period of last year, global network size exceeds Line 90 million; The global production of CDMA base station is close to 12000, increase by 240% compared with the same period of last year; Asia, Africa, other overseas tickets unlock.

According to half a yearbook of this year of resurgence, only 4.1% of return on net assets per share, should meet the target of lower than 10% in weighted mean return on net assetsing, still shoulder heavy responsibilities the second half year.

"Rationing shares will dilute the earning per share, the procedure of the transferable bond is complicated, the way that the secondary market reduces is faster and effectiver. " Luo YanJun analyzes that is thought, this can yet be regarded as a kind of flexible means.