Sun Hongbin’s departure leaves LeTV's share price back to the downtrend. After Sun Hongbin’s “Naked Resignation” of LeTV, all resumes of LeTV have reached the limit for two consecutive days. As of yesterday’s close, LeTV.com closed at 5.34. Yuan/share, compared with the stock price after the resumption of music in January this year, the high point - 6.59 yuan / share on March 14 has fallen nearly 20%.
For the future trend of LeTV's share price, many people think that it is not just whether LeTV business can substantially improve, but rather investor confidence. It seems that Sun Hongbin’s sudden departure left more for investors. It is disappointing and helpless.
Yesterday morning, LeTV.com again opened directly at the stop price of RMB 5.34/share. The word limit fell all day. A total of 454,900 contracts were traded. The turnover was 243 million yuan. As of the close, there were still 1,713,700 hand-sell orders. According to the data on the Exchange, the day Huatai Securities Xiamen Xiahe Road, China Merchants Securities Shenzhen Shekou Industrial Qi Road, Huafu Securities Xiamen Hubin South Road bought over RMB 26 million, and Guoyuan Securities Shanghai Hongqiao Road sold RMB 13.24 million.
According to the data, LeTV.com's stock prices rose by 10.00% and 6.98% respectively for two consecutive trading days on March 13 and 14, respectively. As of March 14, LeTV.com's stock price was 6.59 yuan per share, compared to February. On the 13th, the lowest closing price of 4.16 yuan/share has risen by 58.41%. Since then, LeTV has announced that it will stop trading until March 16th, and will stop again on March 16. The stock will be reopened on January 19th this year. So far, the cumulative turnover rate has reached more than 200%, nearly five trading days (March 8, 9th, 12th, 13th, 14th), the cumulative turnover rate of more than 40%.
For Sun Hongbin's 'Naked Withdrawal', so far no further explanation has been given to Sunac's official. This may be the most important factor that has caused LeTV investors to be confused about the company's prospects: Has Sun Hongbin given up LeTV? However, industry analysts have analyzed that although Sun Hongbin has ceased to be the chairman of LeTV, but in fact the leadership system of Sunac is still controlling LeTV's board of directors and operating management, so Sunac is still the biggest savior of LeTV. As a businessman, whether or not Sun Hongbin entered the LeTV network with investment or speculation motives, it would obviously not give up after investing more than RMB 17 billion in real money. At present, the stocks of LeTV held by Jia Yueting have been confirmed to be unwinding, so he is The frozen shares of LeTV will become an important bargaining chip for real control of LeTV. Whether it is a further increase in holdings of LeTV to achieve real control or whether new investors are willing to enter the market is the biggest suspense at LeTV.