As the festive atmosphere of the Lunar New Year gradually dissipates, the Hong Kong ** market has ushered in a new trading cycle, among which the high-profile new Sparkle Roll stock price trend is extremely eye-catching. The stock price of New Sparkle Roll has once again seen a large ** after the Spring Festival, and the stock price exceeded 2 at the peakHK$4. The offeror had disclosed that the acceptance of the offer was more than 50% before the holiday, which according to common sense, meant that the tender offer should have come to an end, which undoubtedly brought a strong visual impact to investors.
In fact, the new Sparkle Roll, a company that was once prosperous, is no longer in the limelight. Although luxury brands such as Bentley and Lamborghini have achieved the highest sales in history in Greater China, the new Sparkle Roll, as the former exclusive manufacturer, has seen a sharp decline in revenue and net profit. Specifically, in fiscal year 2022 and fiscal year 2023, the net profit of New Sparkle Roll fell by a staggering 256 year-on-year02%, from profit to loss, the loss amount is as high as 5312170,000 yuan. According to the semi-annual report disclosed this year, from April to September 2023, the company's revenue and net profit both declined again, with a loss of 517470,000 yuan, which is close to the loss of the previous year.
What's even more puzzling is that despite the continuous decline in revenue and net profit, in the latest semi-annual report, the cost of sales and selling expenses rose sharply by 1493% and 2953%, which also caused the gross profit margin of the new Sparkle Roll to fall to an all-time low of 126%。This series of data further reveals the signs of the company's poor management, whether it is improper adjustment of market strategy or internal management problems, which have become a bottleneck restricting the development of Sparkle Roll.
Against the backdrop of the declining performance of the new Sparkle Roll, it seems that the offeror, as the company's original strategic investor, made a request for acquisition, which seems to be a reasonable choice. Although the original controlling shareholder has withdrawn from the list of major shareholders of the listed company, its power has not completely disappeared from Sparkle Roll Group. The current executive directors and the co-chairmen of the board of directors seem to have an inextricable relationship with the original controller.
Although the current senior management team members are all capable leaders of the original controlling shareholder, judging from the performance in recent years, it seems that they are no longer able to cope with the rapid changes in the current automobile market, let alone bring due benefits to the existing shareholders. In this context, the offeror's acquisition request not only provides a possible exit opportunity for the majority of shareholders, but also may bring new development opportunities and management changes to the company.
The offer took place over a period of more than four months, during which the significant fluctuations in the share price of Sparkle Roll fully reflected the fierce game between the existing management and the offeror. Over time, the acceptance of the offer has gradually climbed and surpassed the critical threshold of 50%, which is undoubtedly a clear signal of the general trend of the market.
And after everything is closed, it will also face a historic turning point in the management change. After the new actual controller takes over, the truth about the losses hidden for many years may be gradually revealed. These hidden questions may make the market shocked by the real business situation of the new Sparkle Roll. The tender offer is not only a battle for equity, but also a game about the company's future development direction and the interests of market investors. What is more noteworthy is that the disclosure of these problems may become the fuse for the company's further deterioration and pose a serious threat to the company's future development. They are not only related to the financial health of the company, but also directly related to the company's future development and market competitiveness.
From a market perspective, investors are faced with the current high share price**. However, it needs to be soberly that the current stock price performance is only a staged premium for the short-term multi-party game, and the fundamentals of the new Sparkle Roll are no longer enough to support the current stock price. In the face of the current investment environment, many investors should accept the offer as a way to avoid potential investment risks. After all, in the current market environment, avoiding risks and choosing a clear investment direction is undoubtedly an important strategy for investors to protect their own interests.
In terms of the current level of acceptance of the offer, many investors have recognized the risks posed by uncertain and illiquid targets. Against this backdrop, it may be a wise choice for them to opt out by accepting the offer. This can not only avoid potential investment risks, but also provide investors with a new starting point to find new investment opportunities in a clearer market environment.