What is the experience of correctly preventing high transfers?

Demonstration signal. Just like the increase in holdings of major shareholders and executives, in fact, they may only increase their holdings by a few million, which has no impact on the rise and fall of the stock price, but it plays a role of demonstration: you see, other executives have increased their holdings, which means that they are very optimistic about the company's future prospects.

The same is true for high transfers, where listed companies "show their muscles" to investors with asymmetric information through a high proportion of dividends and convey positive signals.

There is no value in the high transfer itself, and the transfer is only a dilution of the listed company's share capital and cannot change the value of the company's assets. Whether the transfer investment has value depends on the fundamentals of the target company, the development prospects of the industry, etc., and the high transfer can only be regarded as speculation value. Generally, most of the companies with high transfer are some sub-new and ** stocks with high stock prices and small share capital expansion needs.

Hype high transfer is speculation transfer expectations, ** speculation is expected, once the dust settles and the concept of hype disappears, it loses the value of hype. People like to send high, that is, to fill in the right after the gambling transfer ex-right.

If you really want to make a long-term and steady investment, it is better not to touch it. Especially the small scatter of A-shares, they are the most irrational investment group, and it is easy to follow the trend and be deceived by high transfers.

The ** of high transfer is no different from the ordinary**, there is no special value, and the ** of the transfer should also be removed, the same funds, the number of ** bought before and after the right is the same, and the performance of the ** after the high transfer can be guaranteed.

**After the ex-rights, the stock price becomes low, which makes people feel cheap, and there is also the expectation of the main force to fill in the right, so **I also want to get a piece of the pie, so that I can be fooled, the main force pretends to pull it** thought that the right to fill in the right began to be completed**The main force took the opportunity to distribute chips, **After chasing in, I found that the stock price could not go up, because they ignored the most important point: **Before the expulsion, the right has been filled in advance.

As a kind of speculation, high transfer is relatively more common in the bull market stage, because it is more likely to be sought after by investors at this time, and in the bear market stage, because shareholders are relatively not keen on this theme, there are relatively few cases of high transfer.

"Falling" so much at once, it will definitely rise later. So everyone has **. Especially for those blue chips, the effect of large companies is significant.

Good business performance and good growth prospects are indeed high and have great transfer potential, but we should also pay attention to the asset quality of the best assets, especially companies with high provident fund per share and high undistributed profit per share.

For most ordinary investors, low-** investment products are always easy to be favored. In the ** market, penny stocks are often sought-after by funds, because the threshold for participation in such stocks is low, and investors with small amounts of funds are easy to participate and easy to be pulled up, but there are also greater risks.

According to the regulations, 100 shares per lot must be sold, but there is no limit on how many shares can be sold, even one share can be sold

"High transfer" generally refers to a large proportion of bonus shares or a large proportion of capital reserve to increase share capital, such as 6 shares for every 10 shares, or 8 shares for every 10 shares, or 5 shares for every 10 shares. The essence of "high transfer" is the internal structural adjustment of shareholders' equity, which has no impact on the return on net assets and does not have any substantial impact on the company's profitability. After the "high transfer", although the total share capital of the company has expanded, the company's shareholders' equity will not increase as a result.

In addition, under the condition that the net profit remains unchanged, the earnings per share will be diluted due to the expansion of the share capital, the conversion of capital reserve into share capital and bonus shares.

On the implementation date of the company's "high transfer" plan, the company's stock price will be ex-rights, that is, although the "high transfer" plan has increased the number of ** in the hands of investors, the stock price will also be adjusted accordingly, the proportion of investors' shares remains unchanged, and the total value of ** held has not changed.

2. How to avoid falling into the trap of "high transfer".

As mentioned above, the method of giving bonus shares and converting capital reserve into share capital has no substantial impact on the company's shareholders' equity and profitability, nor can it directly bring cash returns to investors, but why can "high transfer" always attract the attention of many investors?

Since investors usually believe that "high transfer" sends a positive signal to the market that the company's future performance will maintain high growth, and at the same time, the current market pursuit of the "high transfer" theme can also play a role in boosting the stock price, investors are expected to profit from the value-added of the secondary market by filling in the rights. Therefore, most investors regard the "high transfer" as a major piece of good news, and the "high transfer" has also become the subject of speculation before the semi-annual report and annual report are issued. Before and after the board of directors announced the "high transfer" plan, the stock price of almost every company rose sharply and even increased several times, and some companies stood firm on the 100 yuan step with the theme of "high transfer".

It is worth noting that after the recent announcement of the "high transfer" plan, the company's stock price performance is different, or even very different. Some of them will rise and fall a few minutes after the opening of the plan announcement day, but some will almost fall on the plan announcement day, and some will continue to fall sharply within a few days after the plan announcement. The reason is that the stock price trend of the "high transfer" company is related to various factors such as fluctuations, the company's operating performance, the early trend of the stock price, and whether the plan is leaked in advance.

High transfer refers to a large proportion of bonus shares or transfer increases. Generally, 10 or more than 5 are considered high transfers. For example, 6 shares for every 10 shares, or 8 shares for every 10 shares, etc. The proportion of transfers generally does not exceed 10 and 10 transfers.

Generally speaking, companies with higher capital reserve per share (greater than 2 yuan) and undistributed profit per share (greater than 1 yuan), smaller share capital (less than 500 million shares), higher stock price (more than 10 yuan) and stable earnings have greater high transfer potential, while high transfer of more than 10 to 10 is more likely to attract the attention of the investment market.

The high transfer reflects the management's confidence in the company's sustained high growth, and hopes to accelerate the pace of market value expansion through equity expansion, which will help the high transfer to gain momentum after the ex-rights, and there will be a "rights filling effect".

High transfer of shares refers to a large proportion of shares or transfer of shares, such as: 10 to send (increase) 10; 10 send (increase) 8 and so on.

The high distribution is just a kind of speculation that caters to the market concept, and in fact, it doesn't make much sense to send shares to improve or increase. The number of shares held is more, but ** has also come down, the so-called back holding is generally heavy, and the total market value has not changed significantly. The main thing is to see if there is someone who grabs the right before the ex-right and fills the right after the ex-right, so as to speculate on the concept of high allocation, only if the dealer moves it, we have the opportunity to make a profit.

First, generally speaking, the performance of high transfer companies is relatively good, and good performance means that the company has investment value.

Second, from a technical point of view, the high transfer will be lower after the ex-rights, which will attract more investors to invest, so from a technical point of view, it is also good.

Third, from the perspective of historical experience, the high transfer of ** has always been a sharp trend before the ex-rights, and some companies are very good to reinstate the rights soon after the ex-rights.

**Term. High transfer (allocation) refers to a large proportion of shares or transfers, generally more than 10 or 5 to be considered high transfers. For example, 6 shares for every 10 shares, or 8 shares for every 10 shares, etc.

The proportion of transfers generally does not exceed 10 and 10 transfers. As a kind of speculation, high transfer is relatively more common in the bull market stage, because it is more likely to be sought after by investors at this time, and in the bear market stage, because shareholders are relatively not keen on this theme, there are relatively few cases of high transfer. Before the announcement of the high transfer, the main force (market maker) will generally know in advance (this information asymmetry is sometimes unavoidable), so the stock price often warms up.

However, the high transfer of ** still has a certain speculative value, but it is only speculative value, and there is no fundamental investment value, but only speculative value.

High transfer refers to the implementation of a large proportion of bonus shares or capital allocation to the original shareholders when the listed company releases the performance report, such as 10 shares for every 10 shares, or 8 shares for every 10 shares, etc., this high proportion of dividends is called high transfer, and this dividend method is called high transfer.

How can you avoid falling into the "high turn" trap:

In the face of the rumors of "high transfer" in the market, it is not advisable to blindly believe it, everything should be subject to the official announcement of the listed company, and be vigilant against unscrupulous elements using or creating "high transfer" rumors for profit. When the listed company officially announces the "high transfer" plan, it is necessary to focus on the real purpose of the listed company's "high transfer", comprehensively consider the company's operating performance, growth, share size, stock price, earnings per share and other indicators to analyze the reasonableness of the "high transfer", and be wary of the listed company to cooperate with the secondary market speculation, or cooperate with major shareholders and executives, or cooperate with the incentive object to meet the exercise conditions, or in order to attract investors to subscribe to the company in the refinancing process and other purposes Scheme.

Treat "high transfer" rationally

Normally, the implementation of "high transfer" by listed companies, on the one hand, shows that the company is full of confidence in the continuous growth of performance, and the company is in a period of rapid growth, which helps to maintain a good market image; On the other hand, some companies with high stock prices and poor liquidity can also reduce their stock prices through "high transfer" to enhance the liquidity of the company. If the company plans to expand its share capital on a large scale, in addition to having undistributed profits or sufficient capital reserves, it also needs to have a certain degree of high growth, otherwise it will face the risk of reducing earnings per share in the next year due to the fact that the growth of net profit and the expansion of equity capital are not synchronized.

If you try to attract investors through "high transfer", or take the "split to eat" or even "eat the grain", it can only hinder the company's future development. Therefore, dividend distribution cannot be used as a tool for listed companies to defraud many small and medium-sized investors. Only by formulating a reasonable dividend distribution plan according to the actual development situation, rather than blind distribution and malicious distribution, can listed companies achieve the best way to achieve the healthy and long-term development of the enterprise and give back to investors.

As an investor, only by establishing the concept of value investment and focusing on the company's profitability and growth can we effectively avoid falling into the traps of "high transfer".

These can be slowly comprehended, and it is best for investors to have some preliminary understanding before entering. In the early stage, you can use a treasure simulation to see, there are some basic knowledge materials worth learning, and you can also establish your own set of mature knowledge and experience through the above relevant knowledge. I hope it can help you, and I wish you a happy investment!

High transfer** is simply understood as the number of shares increases, and the stock price becomes smaller. The total value has not changed, which means that the early proportion of bonus shares or conversion is very large. The essence of the leakage is the internal restructuring of shareholders' equity, which has no impact on the return on net assets and has no substantial impact on the company's profitability.

On the one hand, the choice of high transfer by listed companies shows that the company is full of confidence in the continuous growth of performance, and the company is in a period of rapid return to growth, which helps to maintain a good market image; On the other hand, some companies with high stock prices and poor liquidity can also reduce their stock prices through "high transfer" to enhance the liquidity of the company.

However, investors should be reminded that if the company plans to expand its share capital on a large scale, in addition to having undistributed profits or sufficient capital reserves, it also needs to have a certain degree of high growth, otherwise it will face the risk of reducing earnings per share in the next year due to the fact that the net profit growth and equity expansion are not synchronized.