On December 22, the convertible bond market can be described as a feast, with a total of 3 new convertible bonds issued for subscription, raising a total of 35500 million yuan. In this regard, some shareholders lamented that "it is impossible to prevent it", but fortunately, the new convertible bonds are still extremely "friendly" to new shareholders, because they basically did not break on the first day of listing.
The convertible bond issued by Bowei Alloy (601137) - Bo23 convertible bond is one of them, and its issuance scale is 1.7 billion yuan, which is large. The bond is rated AA, which is a higher rating.
The current stock price of the underlying stock corresponding to the Bo 23 convertible bond is 1451 yuan, the conversion price is 1563 yuan, the value of the transfer of shares is 9283, the value of the transfer of shares is average. Referring to the conversion premium rate of listed convertible bonds of similar businesses and the current conversion value of Bo 23 convertible bonds, it is estimated that the income of the first lot will be about 150 yuan, a first-class meat pick!
Powerway Alloy's main business is the research and development, production and sales of high-performance and high-precision non-ferrous alloy materialsR&D, production and sales of solar cells and modules, as well as operation of solar power plants.
In terms of fundamentals, Powerway Alloy achieved operating income of 125 in the first three quarters of this year2.4 billion yuan, a year-on-year increase of 2834%；Net profit attributable to the parent company was 79.1 billion yuan, a year-on-year increase of 8764%。The performance continued to be solid.
Powerway Alloy's current total market capitalization is 113400 million yuan, dynamic P/E ratio of 1076 times, with a price-to-book ratio of 169 times.
For such a new convertible bond with good performance and attractive valuation, new shareholders should not miss it. However, due to the fact that shareholders who hold the underlying shares can also enjoy the right of placement, the probability of winning the lottery will be further reduced. Fortunately, there is basically no risk of breaking the lottery, so some shareholders said: "Playing new chat is better than nothing"!
The original shareholders can place 21780 yuan Bo 23 convertible bonds, placing 10 is equivalent to the number of shares required for "winning a lot" is 460 shares, which is equivalent to 6674 yuan.
Compared with the shareholders who completely rely on the online new lottery, the shareholders who grab the right to place have to bear the risk of the underlying stock**. Generally speaking, the underlying stock of the issuance of convertible bonds basically has a low opening action on the day of subscription, and if it encounters a weak market, it is common to open low and go low sharply.
Therefore, those shareholders who "coveted" the high premium rate of the new convertible bonds at the beginning of the listing and temporarily participated in the rights grabbing and placing are under a lot of pressure from floating losses.
However, the potential good news is that most of the shares are lower because the broader market is weaker, and if they can, the stock price will also rise in the future. So, will it be in the future?
Chances are!The current ** has fallen to 2900 points, and it can fall to ** again?As the so-called downward space is limited, and the space of ** is unlimited.
So, what else is there to be afraid of at this point?Although the more **at the low level**, the more panicked some people are, but at such a low level they are still so afraid, it can only reflect emotions, not rationality.
We are gradually approaching the true bottom of **, which is exciting news and a time that requires our vigilance and caution. At this time, perhaps it is time to overcome fear, we need to overcome the fear of market volatility and actively look for investment opportunities.
While we can't be pinpoint** the future of the market, we can use common sense and belief to figure out what's ahead. Market volatility is inevitable, but we need to remain calm and rational and not be affected by short-term volatility. We need to focus on the fundamentals and long-term trends of the market, rather than being swayed by short-term volatility.
Risk Warning: The views expressed in this article are for communication purposes only and do not constitute your investment advice. Investment is risky, and you need to be cautious when entering the market!Thank you for your likes, ** and collections, I wish you a long rainbow!