At the present time, in the 2019 annual press disclosure season, a number of companies have announced high-scoring plans, including 10 to more than five shares, 10 to 50 dollars, 10 to 20 dollars, and many shareholders have been moved。
But in fact, since after-centre shares are subject to de-advanced interest rates, unless the stock price can be fired, or when market conditions are good, it has the power to fill, it is only an apple cut-off game for ordinary shareholders。
Of course, there are many shareholders who understand this, but the calculation of the devalorization price is not well understood, and many formulas are somewhat obscure. So the next two minutes of finance will be a short calculation。
The first step, which would normally be the annual disclosure of the bonus, would be to hold a general meeting of shareholders, which, if considered for adoption, would be implemented within two months。
The second is the common sense of the dividend tax, whereby dividends tax is paid for both shareholding and assignment, with an equity tax of up to 20 per cent for a period of one month, provided that the shareholding period does not exceed one year. Of course, the dividend tax is not directly deducted, but is automatically deducted when you sell it, depending on the time held。
Finally, how do we calculate the de-alignment price? The total market value of your shares remains unchanged before and after the separation of interest。
How do you understand? For example, assuming that the current value of a stock is $100, you hold 100 shares, or the market value of the shareholding is $10,000; assuming the unit delivers 10 to 10, the number of shares you hold becomes 200, except for the right price, of course, $10,000 divided by 200, or $50。
1. Calculation of the excepted price
It is easy to extrapolate from above the formula of weighting, i. E. Discount price = discount price 1 + percentage per share, i. E. 10 to 5 shares, then the transfer ratio is 0. 5 shares per share, assuming that the discount price is 7. 5 yuan/equity, then the discount price is 5 yuan/equity。
2. Calculation of interest-discount prices
The calculation of interest-rate prices is relatively much simpler, so it is sufficient to reduce the discount rate by the share allocation ratio, as in the case of the above-mentioned 10-50s, assuming that the fee is $380/equity at the point of the split, then the weighting price becomes $375/equity。
And here's the calculation of the dividend tax。
Assuming you buy a hand at $38,000, you get a total of $500 in cash, and if you hold a share for less than one month, you get a 20 per cent tax, which is 400 in theory。
If, by the end of the day, the stock price remains around the end of the interest rate, your market value is actually only $37,500, and if it is sold that day, plus 400 cents, it is actually “deficit”。
3. Calculation of the decentralised interest rate
The above is the calculation of the simple transfer and the distribution of interest, but in reality many companies send and send, for example, 10 to 10 and 20 dollars, and how do we calculate the decentralised rate
It's simple, it's the principle above: your shareholding market value remains the same。
If the formula is replaced by a formula, the disentanglement = (ex-concretion price - rate per share) ÷ (1+ percentage per share)。
Assuming that the companies that publish 10 to 10 are valued at $80/equity, the de-advanced rate is (79. 8 ÷2), or $39. 9/equity。
Seeing this place, do you know more about the company's share? To put it bluntly, the red divide now benefits only long-standing shareholders, and for most of them the most important return is on rising equity prices。
What do you think about that
