Convertible bond is a kind of convertible bond. Convertible bonds are bonds that bondholders can directly convert their creditor's rights into common shares of the company at the price agreed at the time of issuance. What should I do if the convertible bonds listed by Bian Xiao break on the same day? For reference only, I hope it will help you.
What should I do if the convertible bonds break on the day of listing?
Breaking convertible bonds on the day of listing usually means that the price falls on the day of listing and falls below the issue price. For investors of convertible bonds, in this case, it is necessary to take corresponding measures according to the reasons for the break of convertible bonds.
1 If the convertible bonds are broken on the day of listing, it is because of the significant bad news of the convertible bonds, which leads to the price drop, then investors can choose to stop the loss in time and sell the convertible bonds in their hands.
2 If the positive performance of convertible bonds is good and the stock price is adjusted back due to market influence, investors can consider holding convertible bonds and waiting for the price to return.
In addition, when investing in convertible bonds, if the convertible bonds are broken, investors can also choose to buy some, and use the intraday fluctuation of convertible bonds to do T, thus earning the difference.
What if convertible bonds fall below the issue price?
1 Holding convertible bonds due. After the convertible bonds are broken, investors can pay the principal and interest to the listed company at the issue price plus interest when the convertible bonds expire.
2 Wait for the resale clause to start. When issuing convertible bonds, the resale clause is generally stipulated. When the stock price of the company is lower than the conversion price for a certain period of time and reaches a certain range, the bondholders of the convertible company will sell their bonds to the issuer at a pre-agreed price.
3 wait for the opportunity to sell. If the stock market is good, convertible bonds still have a chance to rise.
In fact, convertible bonds are a capital preservation investment, and the bond properties and resale terms of convertible bonds determine that investors' losses are limited. If you buy convertible bonds by subscription, you will generally not lose money because of the existence of the guarantee clause.
Selling skills of convertible bonds
1. What is the problem that convertible bonds cannot be sold?
There is no limit on the price of convertible bonds after listing, but the convertible bonds of Shanghai Stock Index have a fuse mechanism. Once the fuse threshold is triggered, the convertible bonds will be suspended.
The fuse mechanism belongs to a market protection mechanism, that is, when the price rises to a certain extent, it will suspend trading and give the market a cooling-off period. Its principle is similar to the fuse protection of electric fuses.
The specific rules of the Shanghai Stock Exchange's convertible bond fuse mechanism are as follows: when the bond price rises by more than 20%, the transaction will be suspended for 30 minutes; When the bond price rises by more than 30%, the transaction will be suspended directly and will not be reopened until 14:55.
During the suspension period, convertible bonds cannot be sold, which is the main reason why many investors feedback that convertible bonds cannot be sold.
If the bought convertible bonds trigger the fuse mechanism, they can be sold at the right time on the resumption trading day.
Second, the selling skills of convertible bonds
1. The purchase price of the new bonds is 100 yuan each. If the opening price is higher than 100, you can choose to sell. Under normal circumstances, if the opening price of convertible bonds reaches 1 15 yuan or above, and the probability of intraday stabilization or decline is high, you can choose to sell after the opening.
2. If the opening price is above 65,438+000 yuan and below 65,438+005 yuan, you can choose to sell or hold it, which may increase after the opening.
3. If the opening price is lower than 100 yuan, investors can choose to increase their positions appropriately. If you don't want to take excessive risks, you can also choose to stop selling.