My Fintech Empire
Chapter 674 [Questions about quantitative capital and financial fraud]
The particle collider project was undoubtedly rejected by Fang Hong.
Because he knows that Academician Wang will definitely not be able to solve the three problems he mentioned, and he will not be able to do this stuff in the next ten years.
The Natural Science Foundation of China will definitely not pay for this project. As for whether Academician Wang can get project funding from other channels, Fang Hong doesn't care.
However, after entering the second half of the year, the A-share market began to build a bottom and gradually recover in July after experiencing a sharp drop.
On Wednesday, July 10th, there was a warm wind blowing in the village on the news, and the market index also rose by +2.17% that day. On Thursday, it directly rose again in large volume. The Shanghai index once rose by more than 4 percentage points during the session. Up +3.23% to close, the index closed at 2072.99 points.
It is worth mentioning that Quantitative Capital, one of the galaxy concept stocks, has gone out of the triple board market this week. The stock price closed at 52.22 yuan, and its market value rose to 73 billion yuan.
After the stock was cut in half last month, it rose from 32.33 yuan, and it has risen +61.52% in less than half a month. The range increase has outperformed several other galaxy concept stocks.
Quantitative Capital quickly stepped out of the three-linked market. Just at noon today, the company announced the interim performance forecast report early. According to the relevant regulations of listed companies, it needs to be released when the year-on-year growth rate exceeds +50% or decreases by -50%. notice.
Today, Quantitative Capital disclosed the performance forecast increase report data, showing that the company's performance and profit in the first half of 2013 increased by about +330% year-on-year.
This performance forecast report has caused a sensation in the capital market. Quantitative Capital’s profit in the first half of last year was about 470 million yuan. times, far exceeding market expectations.
The holders are very excited. According to the growth rate of this industry, with today's market capitalization scale, the price-earnings ratio of quantitative capital will be greatly reduced to about 15 times. In this way, the current stock price is seriously undervalued.
Shareholders are also optimistic about tomorrow's big market that will directly top the one-sided board and enter a new round of the main Shenglang market.
But at the same time, some investors always felt that something was wrong when looking at the performance forecast of Quantitative Capital. After a few hours, some people began to post on the stock bar forum questioning the suspicion of financial fraud in the pre-disclosure of Quantitative Capital’s mid-year performance report.
The reason is that the company spent more than 1.88 billion yuan this year to acquire Sogou Search, entered the field of display chips, and acquired the SOCL business unit of Xingyu Technology, etc., and thus expanded its staff on a large scale.
That means that Quantitative Capital’s operating income in the first half of the year exceeds 30 billion or more before it is possible to have the scale of profit increase mentioned in the pre-disclosure announcement.
But the problem is that Quantitative Capital’s income scale last year was only more than 7.5 billion, and it will reach 30 billion in half a year this year? Moreover, this year's market is so bad, especially the explosion in June, I don't even know who lost.
In this kind of market environment, if you don’t lose money, you will make a lot of money, but quantitative capital has made a huge profit of more than 30 billion?
No matter how you look at it, it is unlikely. No matter how you look at it, it seems to be suspected of being fake.
Such voices of doubt spread rapidly in the stock bar forum and a large stock exchange group, and the scope of the spread of this voice of doubt is getting wider and wider. Many stockholders have seen these analyzes and think it makes sense in retrospect.
Quantitative Capital’s mid-term report performance forecast is a bit weird, and it is unlikely to be common sense.
run--!
Some stockholders who hold quantitative capital originally thought that the market would double in the future, but now they think more and more and feel that there must be ghosts when things go wrong, and there must be ghosts when things go wrong.
Not one but a large group of holders think so, and as time goes on, the bearish sentiment continues.
...
The following day, Friday 12 July.
Affected by doubts about financial fraud, Quantitative Capital, which has recently stepped out of the three-linked market, opened lower by -3.96% today, and fell to -10.00% in less than 20 minutes after the opening, hitting the lower limit, and the stock price fell to 47.00 yuan.
During weekends and weekends, some stockholders also went to Fang Hong's Weibo to leave messages or private messages.
Now everyone knows that Chen Yu, the boss of Quantitative Capital, and God K are friends, so they all want God K to speak out at this moment.
However, he did not get any response from God K.
During this period of time, Fang Hong was busy with the promotion of the completion of the big fund, including the matter of the Natural Science Foundation. He was busy with many things and had no time to browse Weibo online.
When the market opened on Monday, July 15, Quantitative Capital opened lower and went out of the lower limit of the second consecutive board, and the stock price fell to the lowest price of 42.30 yuan.
However, in the afternoon, the limit was lifted by the funds, because at noon today, the secretary of the board of directors of Quantitative Capital answered some stockholders’ doubts about financial fraud online, denied this statement, and said that the company’s financial disclosure was compliant and there was no problem.
So the price limit was pried open by funds.
As of the close, Quantitative Capital closed down -5.82%, the stock price closed at 44.26 yuan, the full-day trading volume was 1.446 billion yuan, and the market value was 59.079 billion yuan.
In the next few trading days of this week, the stock price of Quantitative Capital began to fluctuate sideways in the price range of 45 yuan. It neither fell nor rose sharply. Investors are obviously waiting for Quantitative Capital to officially disclose the semi-annual report.
The funds participating in the game of this stock are not only afraid of the financial fraud of quantitative capital, but also worried that the real performance will exceed expectations and miss it. The stock price dare not move, and the result is that it fluctuates there.
But on weekends and weekends, Quantitative Capital released a news.
On the morning of the weekend of July 21, Quantitative Capital disclosed that it would spend 3.6 billion yuan to build the first large-scale data center, and according to the content of the announcement, it was used by the company itself.
Shareholders saw the news, with a series of question marks on their foreheads.
What the hell is Chen Yu doing with wool?
The next day, when the market opened on Monday, July 22, Quantitative Capital’s call auction directly opened lower by -3.46%. After the opening, it also opened lower and moved lower. Finally, the stock price dropped to 40.82 yuan and fell by -10.01%. The daily trading volume was 1.125 billion , the market value shrank to 57.066 billion yuan.
Originally, the stock price was still trading sideways at 45 yuan, and the holders were waiting for the annual report.
As a result, the annual report didn't come, but the stockholders who held this stock couldn't stand it when they waited for the bad news of such a loser, and they were shocked by the price limit at the opening of the market today.
The K-line graph of Quantitative Capital also broke out of the position-breaking pattern because of this lower limit.
In the next few trading days, Quantitative Capital did not continue to sell down after breaking the limit, but entered a box-like shock market.
Shareholders thought about it, although it is true that Chen Yu is a prodigal, but if he has a strong ability to make money, it is not unacceptable, and he can also hedge to make up for this prodigal operation. No matter how he builds the data center, he can use it himself, at least the data center itself It is also where the assets are kept.
He insisted on tossing about chips, technology and other things. If he really made a name for himself one day, it would seriously exceed expectations, and the stock price would take off in seconds.
There is still a dream, what if it comes true?
At least the money is really spent on technology research and development, rather than going into the pockets of shareholders. This expectation still exists.
Reflected in the stock trend, the stock price of Quantitative Capital has once again entered a box and fluctuated sideways. The focus now is still the mid-term performance report. Everyone is waiting for this first-half financial report.
...
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