See the cliff plunge again!
It fell by 80% in 15 minutes, and the tension of playing fairy stocks made it explode.
December fourth$HMV Digital China (08078.HK) $It plummeted shortly after the opening, falling 80% in 15 minutes! By the end of the day, it was down nearly 87%, with a turnover of HK $157 million.
Source: Futu Securities
Pinching and counting, retail investors bought before the crash have to rise by 700% before they can get back to their costs. It can be said that they want to cry without tears.
Since mid-2016, the highest decline has been as high as 96% (from as high as HK $0.565 to as low as HK $0.018). It can be said that after this decline, it has basically disappeared.
Fish, meat and leeks? Sweet before bitter: buyback is sweet, plummeting is poison
The 15-minute collapse was so tragic that it was frightening and sighed that the stock market was fierce.
But embarrassingly, before the crash, the company had carried out 11 consecutive trading days of repurchase operations, totaling 26.6 million shares at a total cost of HK $5.3 million, with no apparent sign of a collapse.
Hit by this "smokescreen", retail investors who hold positions complain incessantly.
Source: wind
Frequent buybacks before the crash, is it true that major shareholders have already predicted today's disaster and foreshadowed the exit in advance, so first draw some big cakes for shareholders to try? Up to now, the truth is not known, but we may be able to look for some clues of the slump in the details.
A generation of entertainment tycoons, once reduced to fairy shares.
What exactly does HMV Digital China do? And why is it so?
According to its website, HMV Digital China is currently mainly engaged in entertainment business, including film production, imported film distribution and cinema operation. At present, there is no lack of outstanding artists. Zhang Zhilin, Zheng Xinyi and Zhou Baihao are all Hong Kong artists who are familiar to the public.
Source: official website of HMV Digital China
If you change your name frequently, if something goes wrong, there must be a demon?
The name HMV Digital China may not be well known, but its predecessor must have been heard of: King Entertainment.
According to HKEx, HMV Digital China, formerly known as King Entertainment, was listed in 2000, changed its name to Dragon Color Entertainment in April 2010, changed its name to China 3D Digital in November 2010, and renamed it to HMV Digital China in 2016.
After changing his name three times in just a few years, as the saying goes, there must be a demon when something goes wrong. Some people in the industry said that companies that frequently change their names generally have the possibility of "cheating". It is understood that the stock has skyrocketed and plummeted frequently since 2010, so it is not uncommon for the stock to rise 10 times and plummet 90%.
The netizen "Pig Qian" is even more outspoken.HMV is a famous swindler who began to make numerous joint ventures and rights issues and changed his name innumerably in a few years. It also expressed the hope that such shares would be permanently suspended.
Internal and external troubles: the performance has declined so badly that I can't even pay the rent.
This slump, although it is possible that the fairy stock another round of "demon", but HMV is indeed facing internal and external troubles.
There is news in the market that HMV is facing the risk of being rented again recently. It is learnt that following an appeal by the MTRCL (00066) to the High Court last month for the recovery of $273000 in rent and a $1.49 million loan from a design company, the owners of HMV's Paterson Street branch in Causeway Bay and Wannian Building in Central yesterday also appealed to the High Court to recover more than $4.85 million in rent and related fees from HMV for the surrender of the shop. Although the amount is small, but only a few million rents can not be paid on time, people can not help but doubt the true financial situation of HMV.
According to the financial statements disclosed by HMV, its performance is really not optimistic. Taken together, in the last quarter, revenue was 70.41 million Hong Kong dollars, down 48.32 percent from the same period last year, and a loss of 18.806 million Hong Kong dollars.
In its main business, Artist Management contributed about HK $13.77 million to revenue, compared with 42.56 million yuan in the same period last year, a significant decrease of about 68%. The revenue from the cross HMV business was HK $33.15 million, compared with HK $53.6 million last year, a reduction of about 38%.
Data source: HMV Digital China 2018 Compact 2019 first quarter results report
On the whole, there is a reason for the collapse of HMV: its own strength is really not good, so if there is any change in the market, it will be out of control. But it is still sad to think that the former generation of entertainment tycoons have been reduced to this point.
You need to be careful to make a bottom. Someone woke up with a loss of more than 20%.
Netizen "interest enthusiast" said that he bought 780000 shares in the morning and woke up with a loss of more than 20%.
Qingxin Zhi Shuo said that it bought 300000 shares for HK $0.023. At present, the stock price is about 0.02 yuan, which is also in a state of loss.
One HMV fell, and tens of thousands of HMV.
In recent days, in addition to the collapse of HMV, there are a number of small market capitalization companies plummeting, the approach of retail investors is very obvious. Most of these stocks soared and then plummeted:
such as,$MOS HOUSE (01653.HK) $, a maximum drop of 70% in three days:
Source: Futu Securities
Or for example,$STERLING GP (01825.HK) $, a maximum drop of 80% in two days:
Source: Futu Securities
Futu Information learned that both of them are secondary new shares, and their listing sponsors are abundant financing. In addition, the previous abundant financing sponsors recommended listing.$PF GROUP (08221.HK) $It soared more than 20-fold on the first day of listing, but plummeted 97% in the following month.
For the above stocks, for abundant financing, many investors laugh but do not speak, tacit.
Retail investors exclaimed, or big A-share mercy.
See this frightening moment, some retail investors exclaimed, or big A-share benevolence.
"Fantasy World flashy" said that this kind of pain for a moment, A-share ST longevity, tortured for a month.
"idle clouds and wild cranes in a busy city" replied that Changsheng has given a lot of opportunities to reduce losses, and this has run into the basic GG. The key is that the probability of plummeting stocks such as US stocks and H shares is not small. Nearly 10,000 US stocks have been delisted in the past decade, and H shares are everywhere, trampling on thousands of shares. By comparison, A shares are really too benevolent.
Be a good person and buy good stocks in order to get a good return.
In A shares, we can often see that the inquiry letters or investigations of listed companies by the Stock Exchange or the Securities Regulatory Commission are, to some extent, the protection of investors, although to some extent, it affects the freedom of the market.
However, in Hong Kong stocks, first of all, the listing system is a registration system, and secondly, Hong Kong is a place that advocates market freedom. one of the objectives of regulators is to minimize market intervention. Only pay more attention to the information disclosure of listed companies, and rarely force intervention in the specific operation of listed companies. Therefore, we will see that for many stocks that have been shorted by short sellers, the Stock Exchange of Hong Kong and the Securities and Futures Commission will not impose mandatory regulation like A-share letters, and the most important thing is to suspend you from trading, such as those with a market value of more than $100 billion, which have been suspended for more than three years.$Hanergy thin Film Power Generation (00566.HK) $。
Finally, with the words of a netizen to remind everyone: the risk of Hong Kong stocks is really not ordinary, it may make you lose everything in one day. Once again, I would like to advise you that new leeks should not easily invest in fairy stocks.
To quote Li Daxiao: be a good person and buy good stocks in order to get a good return.
(Wen / Song Wanguang)