The stock price of Nova Technology Corporation Limited(300921) rose sharply with the concept of counting East and West, which attracted the attention of the exchange. They were asked whether to rub the hot spot, and the shareholders of the company accurately reduced their holdings and cashed out. This column believes that there are great doubts about such reduction operation.
If it is a simple reduction of shares, although investors do not like it, they will not have too many micro words, but investors find that Nova Technology Corporation Limited(300921) says they have the concept of counting East and West in interactive e, and then the stock price rises sharply. Then shareholders complete the reduction of shares. This series of actions are completed at one go, giving people a feeling of natural perfection. Then, whether the Nova Technology Corporation Limited(300921) shareholders were so lucky that someone sent pillows when they wanted to sleep, or the company took the initiative to rub up with the help of market hot spots, at least in the view of Shenzhen Stock Exchange, this is a question that needs to be clarified, so there was the inquiry letter issued by the exchange.
According to the announcement of Nova Technology Corporation Limited(300921) , Shenzhen Dongfang Fuhai venture capital enterprise (limited partnership) (hereinafter referred to as "Dongfang Fuhai") is a financial investor. In other words, it is possible to reduce all its holdings in the end. Although investors cannot stop shareholders from reducing their holdings, the price of reducing their holdings is still worth considering. Like this, the reduction of shares after speculation of high stock prices, which is suspected of rubbing hot spots, will inevitably raise doubts in the market.
From the financial data, according to the financial data at the end of September 2021, Nova Technology Corporation Limited(300921) has a dynamic P / E ratio of 72.84 times and a net asset of 6.06 yuan per share. The P / E ratio is not cheap. It is obviously very cost-effective for shareholders to reduce their shares according to the high price at this time.
Therefore, this column says that the current performance level of Nova Technology Corporation Limited(300921) does not reach the standard of blue chip stocks, and the net asset value does not reach the level that can support the high share price. The level of return on net assets belongs to the general ranks. Therefore, there is no problem for Dongfang Fuhai to choose to reduce its holdings of stocks from the perspective of value investment, while other investors continue to hold the probability of Nova Technology Corporation Limited(300921) out of the consideration of the concept of East number and West calculation. The core question here is whether the East number and west of Nova Technology Corporation Limited(300921) is real or just a hot spot?
This column believes that the attention letter of the exchange is very necessary. If Nova Technology Corporation Limited(300921) really has the real business of East number and West calculation, and the proportion is not very low, it is not wronged for investors to hype it as the concept of East number and West calculation, and the reduction of Dongfang Fuhai can also be said to be an explosion of personality; However, if the company's business of counting East and West is only a concept, or the business proportion is very low, investors can think that it is rubbing the hot spot, shareholders' reduction is suspected of deliberately creating a concept, and investors should not give Nova Technology Corporation Limited(300921) too high valuation.
For the concept of counting from the east to the west, it may take some time for relevant listed companies to really enjoy performance dividends. Before that, it is easy to see all kinds of listed companies taking the opportunity to hype. For investors, we should pay more attention to what the company says. We should carefully study the company's business to see if it can really benefit from it.
No matter what kind of stock it is, if it is reduced by major shareholders, shareholders should carefully and carefully study whether the valuation of the underlying stock is reasonable. If it is within a reasonable range, the reduction of major shareholders is not enough to fear. After all, the capital market is normal only when there is entry and exit. However, if the company's share price is overvalued, we should pay more attention.
