Recently, Lenovo's Yang Yuanqing reduced some of his stocks on the Hong Kong Stock Exchange, according to the announcement of Lenovo Group, Yang Yuanqing sold Lenovo stocks for 4 consecutive days from January 4 to 7, accumulatively selling 41.7493 million shares. Lenovo's closing prices from January 4 to 7 were HK$8.95/share, HK$9.00/share, HK$8.92/share and HK$8.98/share, respectively. At HK$9.00 per share, Yang Yuanqing has cashed out a total of HK$375 million (about RMB305 million). After cashing out, Yang Yuanqing still holds 1.155 billion shares, accounting for about 9.59% of Lenovo Group. Suddenly, this matter was on the hot search of finance and economics, and everyone interpreted Yang Yuanqing's behavior, and the more concentrated view was that Yang Yuanqing was not optimistic about Lenovo and was ready to run.
Last month, Mr. Zhang Jie, one of the recognized leaders who questioned Lenovo, once made a video "Correct Understanding of the Value of Lenovo", in which Zhang Jie believed that Lenovo was a valuable enterprise, based on the fact that Lenovo had the first share of the global PC market, and the financial situation was better than that of HP and Dell; second, because Lenovo was preparing for domestic listing, the valuation of the land was still according to the original land price, which hid part of the company's premium. Therefore, the actual value of Lenovo's company is greater than the company's external and market valuation, so Yang Yuanqing will borrow money to increase the company's shares, it should be because he understands the true value of the company and has confidence in the price of the company's stock in the future.
Now, Yang Yuanqing suddenly reduced his holdings of Lenovo stocks, according to some financial people's calculations, Yang Yuanqing's price of holdings is basically consistent with the price of the position at that time, that is, for more than half a year, Yang Yuanqing loan purchased stocks did not make money, but also lost the loan interest, although we do not know how much interest on his loan, but because of the huge amount, so the interest is not a small number, Yang Yuanqing is basically a loss. Could it be that in just half a year, the company that hid a huge value in Zhang Jie's mouth suddenly became worthless again? According to normal reasoning, the fundamentals of a company cannot change so much in a short period of time, after all, the hidden value that Zhang Jie said is mainly fixed assets and goodwill, and there will be no great changes in a short period of time. I hope to hear Zhang Jie's interpretation, not just to interpret the increase in stocks, in the face of the sudden reduction, there should also be an interpretation, so as not to let down so many people to follow him.
I have seen the interpretation of some professionals that Yang Yuanqing's reduction of shares is not what everyone thinks because of the impact of this Lenovo incident, and it is not because everyone thinks that lenovo is not optimistic about this company, of course, in the strict sense, it is also related to this incident. Because everyone is questioning his tall salary of 170 million, and in this salary, it includes the dividend of the stock, Yang Yuanqing's basic salary in Lenovo is 1.3 million US dollars, through the reduction of stocks, he can reduce his so-called income, the less shares he holds, the lower the dividend, maybe it can be reduced to less than 100 million, so that everyone can criticize the reason for the less, I don't know the truth, but it still seems reasonable, after all, Lenovo Group's performance last year is still very bright, Yang Yuanqing not only did not make money, but also posted interest, it seems a bit unreasonable.
For anything, if we can listen to the opinions of all parties, we may be able to draw relatively objective conclusions, and now many people are wishful thinking about Yang Yuanqing's stock reduction, taking it for granted that he is going to run, it seems that there is no convincing, as of now, we have not seen any official investigation of Lenovo's information, nor have we seen lenovo's various conditions have signs of deterioration, so many conclusions can not withstand scrutiny.
For Yang Yuanqing's reduction in Lenovo's stock, what kind of interpretation Zhang Jie will have is unknown, and what kind of ideas will everyone have? Welcome to leave a message to discuss.