Significant loss in performance, bank account freeze, frequent resignation of executives, and numerous lawsuits... Steyr (000760), which is facing difficulties, is favored in the secondary market. Since July 17, the company has been 8 consecutively. Daily trading day limit. As of the close, the company's share price was reported at 6.16 yuan, and the turnover rate reached 19.43%.(Recommended reading>>Steyr's share price nearly doubled on the 7th. Several well-known hot money seats appeared.)
After the close, Steyr issued an announcement, and the stock trading was abnormally volatile and suspended for verification.
In fact, on the eve of the sharp rise of Steyr this year, the company just disclosed its semi-annual performance forecast. In the first half of this year, Steyr is expected to lose 140 million yuan, compared with 120 million yuan in the same period last year. In addition, Steyr achieved revenue of 151 million yuan in 2017, down 58% year-on-year; loss of 169 million yuan, and profit of 46.05 million yuan in 2016.
The auditing agency also issued a non-standard audit report on Steyr's 2017 annual report, stating that it is unable to implement further audit procedures for the investment projects of the “Fangzheng East Asia Tianzhu Portfolio Investment Fund Trust Plan” purchased by the company, reminding the company to pay attention to the company. Loss and large shareholder performance compensations were not recovered as scheduled, which caused significant uncertainty about the company's ability to continue operations.
Since June this year, the unfavorable situation faced by Steyr has further intensified. Several bank accounts of listed companies and subsidiaries have been frozen one after another, and there are many financial loan disputes.
However, unlike many companies facing similar situations in the market, Steyr's share price has not only declined, but has risen sharply. Why? Some analysts pointed out that Steyr's overseas business accounted for a high proportion, which is the beneficiary stock of the recent RMB depreciation.
On July 24, Steyr disclosed a stock price change announcement that the company's controlling shareholder and actual controller, shareholders holding more than 5% of the shares did not have any major issues that the company should disclose but did not disclose, or major issues at the planning stage. The information disclosed in the previous period does not need to be corrected or supplemented.
After the closing on July 25, the Securities Times·e company reporter called the relevant person in charge of the Steyr Securities Department. The other party said that the company's fundamentals have not changed significantly, and it is not clear why the stock price has risen sharply.
A brokerage investment adviser told the Securities Times·e company reporter that Steyr’s bad news continued, but the stock price soared, and there was speculation that there was speculation; in the past three trading days, Steyr’s turnover rate was above 16%, July. On the 25th, the turnover rate was as high as 20.34%.
Since July 17, Steyr has been trading for 7 consecutive trading days and has been on the Dragon and Tiger charts. Analysis of the data of the Dragon and Tiger charts shows that the agency did not participate in the current round of Steyr's rise, and several brokerage sales departments went back and forth during this period.
For example, Zhongtai Securities Shanghai Jianguo Middle Road Sales Department was among the top 5 buyers on July 19, and the next day was among the top 5 sellers; Huatai Securities Foshan Denghu East Road Sales Department, Huaxin Securities Yueqing Shuangyan Road The sales department, the sales department of the Great Wall Securities Xiantao Qiangou Road, etc., ranked the top 5 on the list on July 20, and the next trading day (July 23) will be ranked in the top 5 of the list, including the Great Wall. The sales department of the securities Xiantao Qiangou Road has appeared in the Dragon and Tiger List four times since July 20, and it has been divided into trading characters. The traces of fast-forward and fast-out operations are very obvious.
It should be pointed out that from the current situation, Steyr’s performance is sluggish, and the company’s liquidity is tight, and there are many economic disputes. The large working capital is frozen and there are certain risks. Investors should be cautious. It is more risky to follow the trend.
In addition, Steyr's major shareholder Yingda Steel has also faced greater financial pressures, and it is difficult to repay the performance compensation; the equity transfer of important shareholders has not been fixed, and the management of listed companies has changed frequently. A Steyr insider told the Securities Times·e company reporter that the company has not changed.