this year, we see a trend: the Chinese three new board business has become increasingly large, Chinese capital market a noticeable effective strength. According to statistics, as of October 25th, the total amount of three new board listed company reached 9273, the number is about to break through the 1. However, although the walk this road of small and medium-sized enterprises, but not every business can.
grasp or give up?
new three star enterprise more and more, many enterprises quickly boarded the innovation layer, the rapid growth in the capital market, blockbuster. But the liquidity problem is still the new three lingering nightmare, especially for the poor performance of some of the problems or the enterprise, always feel that there is no confidence, don’t know whether we should grasp this opportunity.
in the past year, the new board listed company became a lot of pain, many entrepreneurs complain that the new board did not melt into the money, the operating cost is also very high, the cost is more and more big, more and more difficult to operate, many entrepreneurs do not know how to do it. In the face of this new three board freezing year, entrepreneurs should choose to seize the opportunity or give up?
investment guru Buffett once said a word, in other people’s fear when we want to greed, greed in others when we have to fear. In the past, we are not optimistic about the new three board, because the stock market to 5000 points, the new three board market index has reached a point of 2000, this time the market a frenzy. In this case, the enthusiasm is unsustainable, when the market is clearly over bubble, sooner or later the risk of collapse.
but now we can see that after the stock market crash and the adjustment of a year and a half, the new board is now too cold, cold to 80% of the shares are not No one shows any interest in, the volume of transactions, in this case, the new board has become a value of depression, the average price earnings ratio is only two, thirty times the average price earnings even some of the company’s ratio is only twenty times. At this time the new three board market is still considerable investment value. We can see it in the second half of this year, the top-level design of the capital market in our country, repeatedly mentioned the role and function of the new board, including how to leverage in the small and medium-sized enterprises, small and medium-sized enterprises to solve the financing difficulties of the middle process, the new board as a direct channel of equity financing, has begun to play a more and more so, a good way to play the small and medium-sized enterprise upgrading and transformation, so we believe that the new board is being abandoned over. Now, with the construction of the system in our country, especially the change of the new board itself, with a new chairman and general manager, then the new board may have a series of policies combined to launch soon, will usher in a new situation.
three new board and equity incentive
so on the new board for