Most companies go public to raise funds. There are very few companies that create value for shareholders through dividends. In addition to listing and additional financing, more loans are made to banks. Almost every company has long-term and short-term borrowings on the liability side, which are interest-bearing liabilities that are borrowed from banks.
A company that does not have long-term and short-term loans, does not need to borrow money from banks, and has a large number of dividends every year, this is a truly excellent enterprise and a conscientious listed company. It's a pity that there are very few.
The company looks for a bank loan, and the bank will review the company's financial indicators. Those with good performance and large market value are easy to borrow; And those with poor performance and small market capitalization are not so easy. For the former, it's more about long-term investment; For the latter, it's more speculation.
Whether it is private placement financing or looking for bank loans, there are requirements for performance and market value. If a company with poor performance and a small market value has a need for financing and loans, it will find ways to increase the expected market value. Market value management, everyone has heard of it, this is how it came about, the purpose is to set up and loans.
Since there is a market value demand, the company's management will find institutions or floating capital to do market value management and maintenance. Institutions and tour capital, too, want to arbitrage to make money, and are willing to cooperate with such companies.
And those with good performance and large market value are easy to get money, and they don't need to maintain their market value at all, and they don't bother to do these things. Therefore, the management of these companies should hold their heads high and behave like people, and they will not hook up with youzi. For institutions and tour capital, it is not easy to deal with.
So when I see companies with large market capitalization and good performance, I directly exclude them. Such a company can't be hyped up, and it doesn't want to be hyped. Speculation, I never look at fundamentals. This is for the banks to see. If you want to lend money to this company, or invest in it for the long term, you need to analyze the fundamentals. If you just want to ** speculative arbitrage, stay away from such companies.
And those companies with a market value of only a few billion yuan and very poor performance, if there is a demand for financing and lending, the management will bow their heads and take the initiative to cooperate with institutions and floating capital to raise the stock price.
Of course, institutions and capital are not stupid, and after raising the stock price, they are faced with an important problem, which is shipment. To put it bluntly, there has to be ** follow-up, and someone has to take over. It's storytelling, and the story has to be beautiful and attention-grabbing. This is also known as hot topics and themes.
Half a month ago, PIKA exploded. Xinyada, clarified that night. However, the market did not pay attention to it, AI and media were born, and many leading demon stocks were born. Financial media and bloggers also follow along to tell stories. Before and after, do you understand it?
PIKA, a four-person startup, is still in the cradle, and whether it can succeed is still a question mark. Xinyada clarified that it was a routine matter to avoid responsibility. However, companies with market value needs and want to make arbitrage funds, which is a good topic and opportunity. AI, media-related companies, taking advantage of this hype. After this topic cooled down, the Google large model was moved out. In fact, these hyped companies have nothing to do with PIKA and Google.
Only when the market value is small is that the company has the motivation; Funds pull the board, only then can it be profitable; Hot topics attract attention before they can be shipped.
Why is it that the recent leading high standards, four boards and above, all of them are in the Shanghai market; And ** up to three boards, is it very few? ** Strict management, the company's management, as well as institutions and funds, do not dare to work.
Why is there a lot of high standards and word boards in the near future? Why is money doing this, and what is the root cause behind it? This question is left for everyone to ponder. I'll give you a direction, which is related to the **environment. If you don't understand it, it means that there is a vacuum in your perception of the market.
Yesterday, a friend who kept laughing and said to me very confidently: One second after the opening of the market, according to the attitude of the funds, I know which tickets to do. I responded: Of course I do. He continued: "But you still eat fried plates, but I won't; At the beginning, I still looked at the review strategy, but now I only look at the funds, regardless of the subject matter; I'm sure I'm the most savvy of your students. I wondered: How many years have you been in the market? He said: For more than 20 years, I used to do value investment, and I have been doing Moutai for 15 years; Now it's a blue-chip bear market, a bull market for money. I also made Moutai in 15 years, so I asked: Why did you make Moutai? He said: Moutai can increase its price...Talking about this, I know that this person does have a level, whether it is long-term price investment or speculation, he can grasp the core key points. Finally, I would like to add one point: in addition to raising prices, what will you buy in 14-15 years of Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and the influx of foreign capital? This led to the later blue-chip bull market.