129784668085678750_56Sample PE firms in China: Ghost dive 432 companies earn 171.5 billion
No PE out of city: PE, such as ghost dive 432 companies earn 171.5 billion, spring madness as represented by the GEM's "three high" release, there was a public PE "sea and earned". Shares new research doubled, Star-biological 150.82 times times, Watson bio-133.8 times times, these jumpy because gem listed companies to issue earnings,As the balloons began to leak, keeps shrinking. SFC IPO rules developed, future industry of listed companies to issue earnings ratio does not exceed 25% value limit. Although this is not for "top edge" PE, but immediate combat effects to PE high return on investment. While some people think, issued new rules lifted the share transfer of the duration of the lock, allowing the old unit
tera gold, itHelp on PE. I'm not worried about this, because the issuing price controls were the focus of reform, small foam, PE arbitrage space is small. How cannot fail to PE-reward? quietly into the PE-remember Adam Smith's the wealth of the village, has a similar presentation: to the land of wealth, to rent receipts. There's a lot of wealth,Is the production and land as a basic means of subsistence, provided to producers of basic materials from soaring; second, land with the help of differential rent, can be realised, and shares, asset securitization, can create significant wealth
tera gold, three is "intent" understanding, production activities should start from the most basic information, by continuing to create and add value, step by step, realization of investment income. PEA swept the capital flow, recent should be starting from the 2006 and 2007 bull market at that time. After the 2008 financial crisis, PE momentum continues unabated, burn it up. This logic is that industry was well done, so switched to PE this "money". The late last year and early this year, as people worried about the macroeconomic Outlook and social financeHigh costs, I believe that PE is about to enter a corner. Two story--2009 year some brokerages researcher "overboard", join the hot PE. Said a special industry of Hunan logistics to find money, get IPO members, listed in two years. Today, the myth has no stamp from breaking. Relying on media with pedestrian said to me last year, he is 3 yearsFirst cast PE Fund was wound up. Vote is a famous secondary markets in Shenzhen private leading PE, when the threshold is not high, are few 100,001. A few years, few investment projects, and general partners (GP) is too much, a meeting of people looking for uneven, thus winding up leave it at that. Principal is fortunate that this man to recover. PE has too many rings, amateur looking hotDowntown. But when I interact with many entrepreneurs, their PE is not cold. Family business, financing of capital may be blood, managing external introduction, why do you want to take out equity Bandit troops of PE? interest, may wish to take a look at recent two be listed enterprises in Chaoshan (Guangdong Sheng Li Tai pharmaceutical, Guangdong in autumn). I suddenly thought, world's first Apple,No PE? Hathaway of Intel, Microsoft, Warren Buffett has no PE? excellent enterprise "narcissism", it has its own ideas and visions, and never affected by the interference of the likes of PE. Clear, PE is to service the real economy to bottom, this year's award-winning "financial services economy". Zhuang Xin, Vice Chairman of the SFC has recently said, have recognized the financial crisis lessonsOne, "this is excessive investment innovation, to a certain extent for the real to the virtual removal". Zheng Yonggang, Chairman of Shanshan, recently have some PE Shicheng replied: "now that people are doing PE, investment, I think this era may be upgraded, not necessarily good to do in the future. Because it's caught up with this gem of a wave, I want to gem will also becomeHistory, such a high probability of PE is not too large, or to value. Industry, I think it is the foundation of industry, is the basis of economic, I felt no real economy, which so many of PE investment project. "Since the beginning of 2008, Shanshan listed equity has 400 million, its highest market value of 11.9 billion, is worth only 5.2 billion. Shanshan LiElectrical material, is affected by the stock market of the year in fashion. But firs annual report last year, its gross margins remain lower than the brand clothing of lithium battery material 6%. PE investment in lithium battery materials belonging to the firs, but the effect is not what you can see so many years. PE big brothers, Shenzhen innovation investment and Jin Haitao Chairman said a few days ago: "2011 is a year of big change for PE development, industry profitsFrom low risk, high return and risk trends into a low-risk, low income, and earnings trends of the transformation of the risk ". True words! I investment Dan Xiang double so-called "decided to take a 20 minute business" story, just listen. Emerging industry "in the spring", listed or zoom PE PE greater fool is hard to create wealth effect "Pareto optimal"�� This statistic more than more than 700 small and entrepreneurial companies, with a background of PE capital company has 432, PE 171.5 billion profit. Really is no PE
tera power leveling, not listed? in the more than 400 companies, PE multiples return on investments in more than 100 times, percentage of less than 10%. Most of the PE of listed companies return on investment in less than 10 times (about 60%), Theory of the term structure of interest rates taking into account, of years of PE investment income rate is not high. I-summary of several points-first, capital properties of PE have both greater fool is hard. In April 2011, large group, listed on the main Board, British Victor PE Cheng Cheng Enterprise, its promoters, joint success greater fool of the listed companies. Relying on huge high songgu twice, all 3Multiple PE profit should be in 200%. Huge greater fool by PE, PE is also offering people greater fool. Such as loncin General be listed companies, CDB led by 11 private PE at the same time with the price of shares, investment earnings of about 12.3 times. Early stock market bear, Tsu recorded a minimum of 16 times, the gem star shares times price-earnings ratio. Under the new system, loncin-passAs listed on the main Board, stake PE can earn back the costs are an issue. Second, the brokerage Department of direct investment and PE, Sapo shuaheng, and "the madness of the last" trait. "Sponsored direct vote" to direct investment, brokerage of PE cannot always get rid of the impression of the market shares held, which could lead to tighter management control. Finally, PE clusters in LED and optoelectronics, New materials, bio-industries, such as, will also be pushing the industry stake in the threshold, increasing corporate costs, paying for public investors.
Others:
