Today there are warrants listed on the valuation of milk divided.

Of public attention "milk warrants" available today, but is stocks fell by 5 consecutive days, more than investors diluted prior to the decline of psychological expectations. .Bound to the listing today, there was a good show, and its stock price and valuation warrants a more careful analysis of needs, which is one of many investors are concerned about. .Recently the smooth completion of the financing in disguise, the Erie shares "bungee jumping" as the trend for many people in the industry sighed. .The reason is because many investors think is behind the Queen E "windfall opportunity," have driven in the interests of admission. .But how can the C of E Erie lucrative, it seems, the problem is still open to question. .In theory, the purpose of business is one issue of warrants is to raise funds in the future to invest in the project, the Queen is holding the shares for the same purpose, but is "even after the first take" approach to carry out. .(Stock announcement said the Queen: the ability to raise funds before the investment projects financed by the company to settle bank loans) in the year after the Queen shares a smooth line can be the crux of the right. .Industry experts have said that the exercise of warrants from the previous situation, the smooth almost no exercise, mainly because of speculation in a number of investment funds, the warrant price and value have had a serious deviation, therefore, in the final .The exercise process, the exercise loses its meaning. .Because not only can not bring the relative exercise profits, but not as directly in the stock market cost-effective to buy the underlying stock, which would allow enterprises to the original financing plan fall through. .Not long ago, Baosteel warrants delisting is an example. .Notice under the Erie shares, distribution of certificates, only the tradable shares tradable shares allocated 111 274 652 370 915 506 warrants can be traded. .This part of the warrants may not be fully exercised, and if most of the Warrants can not be right on time line, which generated the funding gap will be very considerable, and this will produce the original project to promote a certain impact. .Differences started to increase the Fund shares in three quarterly Queen showed that some institutions have outstanding shares from the shareholders of the top ten companies disappear, such as the National Social Security Fund, one hundred and four combinations, the National Social Security Fund, one hundred and two combinations, etc.; long ranked the company the largest circulation .shareholders Boshi Value Growth Fund also more significantly lighten up to become the fifth largest holders of tradable shares. .CITIC original top three classic Allocation Fund is no longer the top ten list. .In contrast, there are also large-scale organizations Masukura. .Ping An Life Insurance Company holds 1059 shares jumped as the first major tradable shares, and securities investment funds and Yinfeng China Life Insurance (Group) Company - Traditional - Queen of ordinary shares of insurance products have also entered the top ten shareholders of tradable shares, respectively, .holds 780.97 million shares and 602.55 million shares. .Changes in the top ten tradable shareholders so large, market outlook, shares of the Fund on the valuation of the Queen has some serious differences, these differences are mainly derived from the performance of shares can not be the Queen continued to grow substantially. .If the Erie shares 18% of the performance can not improve the growth rate, then 18 per share price is likely to get effective support. .Warrants have been losses to investors rush "in the November 8 date of registration of warrants distributed to investors who have bought quilt," says one fund manager told reporters, to the day the Queen share closing price of 23.27 yuan, after falling 4 trading days ., the stock has fallen to 18.23 yuan. .To yesterday's closing price, the market value of warrants 10.23 yuan. .If these basic figures as the unit of ,23.27-10 .23 × 0.3-18.23 = 1.971 (million), it can be inferred in 23.27 yuan of shares investors buy into Illinois has been fitted. .The manager believes that it can not be ruled out, the main distribution of funds in advance that message, with the positive A-share market for speculation in the possibility of arbitrage. .Erie shares from the chart can be seen in the 2 days before the announcement had admitted the scale of funds. .In late recovery, the Queen has pushed the share price of shares higher than 15%, although there are occasional possibility, but that chance is very small..