N*****d
发帖数: 9872 | 1 没有的话，就跟坐地圈钱差不多
大家可以参考一下krft当时spin off，还有多年前HP分出agilent怎么搞的
What is my cost basis for tax purposes of my Agilent shares that I got from
the spin-off from Hewlett-Packard?
June 2, 2000, was the record date of the Agilent Technologies spin-off. All
Hewlett-Packard shareowners of record received .3814 shares of Agilent for
every share of Hewlett-Packard stock they owned with any fractional shares
paid out in cash. The relative market capitalizations of Agilent and Hewlett
-Packard on June 2, 2000 result in cost allocated to the Agilent shares of
22% and to Hewlett-Packard 78% of their original basis in Hewlett-Packard.
For more details you will need Adobe Reader to open this document that
explains how to calculate your cost basis. |
b*****r
发帖数: 2065 | 2 weibo应该是独立运营的，新浪算投资人，跟HP spin off Agilent不是一回事吧？ |
N*****d
发帖数: 9872 | 3 问题是weibo上市前，对sina的估值算上weibo了吗？
【在 b*****r 的大作中提到】
: weibo应该是独立运营的，新浪算投资人，跟HP spin off Agilent不是一回事吧？
|
p********o
发帖数: 8012 | 4 微博的outstanding上市前后是不变的，float一部分是新浪卖的。
【在 N*****d 的大作中提到】
: 问题是weibo上市前，对sina的估值算上weibo了吗？
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h**6
发帖数: 4160 | 5 Google map, Gmail, Google+, Youtube都可以分开上市，Google只留下search就好了
。 |
b*****r
发帖数: 2065 | 6 这个就是Icah喜欢干的事情， 拆零卖， unlock shareholders' value
【在 h**6 的大作中提到】
: Google map, Gmail, Google+, Youtube都可以分开上市，Google只留下search就好了
: 。
|
N*****d
发帖数: 9872 | 7 Abott分出abbvie的案例
On November 28, 2012, Abbott publicly stated in the Chicago Tribune that
once their company splits into two on January 1, the shareholders of their
company will receive one share of AbbVie common stock for each share that
they own of Abbott. This deal was approved on Wednesday, November 28. This
announcement was viewed as very important by Abbott because it begins an
important objective of the separation of the business.
Weibo iPO之后sina股东得不到股份跟共产党的“无投票权的人民当家作主”有异曲同
工之处。 |
v****m
发帖数: 100 | 8 The difference is weibo is still majority owned by Sina and Sina got paid
for the reduction of the ownership. It is simple as Sina selling some asset.
The only question is if Sina sold the part of ownership at a good price.
Agilenet and HP became two completely independent company. The HP share
after the spinoff does not include any ownership of Agilent. While your SINA
ownership also implies partial ownership of Weibo.
If you want to see a comparable example, compare this to EMC and VMWARE.
from
All
Hewlett
【在 N*****d 的大作中提到】
: 没有的话，就跟坐地圈钱差不多
: 大家可以参考一下krft当时spin off，还有多年前HP分出agilent怎么搞的
: What is my cost basis for tax purposes of my Agilent shares that I got from
: the spin-off from Hewlett-Packard?
: June 2, 2000, was the record date of the Agilent Technologies spin-off. All
: Hewlett-Packard shareowners of record received .3814 shares of Agilent for
: every share of Hewlett-Packard stock they owned with any fractional shares
: paid out in cash. The relative market capitalizations of Agilent and Hewlett
: -Packard on June 2, 2000 result in cost allocated to the Agilent shares of
: 22% and to Hewlett-Packard 78% of their original basis in Hewlett-Packard.
|
o**o
发帖数: 3964 | 9 I am puzzled by SINA valuation... A lot of ppl in this broad seem to believe
after IPO SINA "lost" weibo, which is obviously not true. However SINA
price does seem to be in line with this view. Probably weibo is way
overvalued, due to very limited shares on market.
asset.
SINA
★ 发自iPhone App: ChineseWeb 8.7
【在 v****m 的大作中提到】
: The difference is weibo is still majority owned by Sina and Sina got paid
: for the reduction of the ownership. It is simple as Sina selling some asset.
: The only question is if Sina sold the part of ownership at a good price.
: Agilenet and HP became two completely independent company. The HP share
: after the spinoff does not include any ownership of Agilent. While your SINA
: ownership also implies partial ownership of Weibo.
: If you want to see a comparable example, compare this to EMC and VMWARE.
:
: from
: All
|
N*****d
发帖数: 9872 | 10 上几张图，分别是abt拆分后abt，abbv的股价走势，微博IPO之后sina和wb的股价
还有一点，既然微博IPO只动用了一部分股票，余下的股票在谁手上？sina那些董事手
上没有wb股票？
这里想明白了，A股20年不涨的道理也就不难理解了。 |
|
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G********p
发帖数: 3504 | |
v****m
发帖数: 100 | 12 SINA as a corporation owns about 57% of Weibo and Ali owns about 32%.
Sina's valuation already reflects that. Otherwise Sina might be worth $30 or
$25? who knows.
One can think SINA is undervalued but a number of factors are at play.
1. SINA's owernship of WB is reduced. So the upside is less than before even
WB becomes very successful.
2. SINA does have large cash pile but the management could destroy them or
some of them. They have made some really bad bets in the past.
3. Investor view on WB might be very negative but WB's float is so small the
price of WB can be distorted for long time.
4. License issue is still an overhang since it does impact the portal
business. It is entirely possible SINA would lose money on portal business
as they claimed to invest heavily into this.
So it is completely normal SINA is sitting at around $45. However the tide
could turn if WB is gaining traction or the portal business is showing some
serious prospect again.
【在 N*****d 的大作中提到】
: 上几张图，分别是abt拆分后abt，abbv的股价走势，微博IPO之后sina和wb的股价
: 还有一点，既然微博IPO只动用了一部分股票，余下的股票在谁手上？sina那些董事手
: 上没有wb股票？
: 这里想明白了，A股20年不涨的道理也就不难理解了。
|
o**o
发帖数: 3964 | 13 I am inclined to (3). Weibo mkt cap is 6.66B by scaling up the share price.
If this was true, SINA's weibo stake alone would be close to 4B, implying
everything else SINA is worth -1B. Weibo is probably overpriced 100% due to
limited supply.
or
even
★ 发自iPhone App: ChineseWeb 8.7
【在 v****m 的大作中提到】
: SINA as a corporation owns about 57% of Weibo and Ali owns about 32%.
: Sina's valuation already reflects that. Otherwise Sina might be worth $30 or
: $25? who knows.
: One can think SINA is undervalued but a number of factors are at play.
: 1. SINA's owernship of WB is reduced. So the upside is less than before even
: WB becomes very successful.
: 2. SINA does have large cash pile but the management could destroy them or
: some of them. They have made some really bad bets in the past.
: 3. Investor view on WB might be very negative but WB's float is so small the
: price of WB can be distorted for long time.
|
l********i
发帖数: 2503 | 14 ABT分拆后虽然股东ABT和ABBV各有一股，但股价是折半的，也就是说分拆并不能增加持
股人的价值，而且没有进行新的IPO，没有筹资。之后的走势说明这两个公司独立后都
经营的很好，因为分别专注在自己的领域，特别是ABBV拿到了那个卖得最好的药。至于
SINA，WB是分拆上市，IPO，拿到了钱，SINA在WB上占股份，至于以后走势不好，说明
投资者不看好WB，并不能说明SINA是抢钱。
【在 N*****d 的大作中提到】
: 上几张图，分别是abt拆分后abt，abbv的股价走势，微博IPO之后sina和wb的股价
: 还有一点，既然微博IPO只动用了一部分股票，余下的股票在谁手上？sina那些董事手
: 上没有wb股票？
: 这里想明白了，A股20年不涨的道理也就不难理解了。
|
N*****d
发帖数: 9872 | 15 龙老师的分析没错。但俺强调的是spin off/IPO以后的走势和事件的本质。
增发新股有2种：普通股东按比例享受增发（配股），普通股东手上股票不变。
sina看似前者，其实比后者更差，因为sina股票所含有的价值被偷偷转移。中国股市20
年不涨不是magic，而是SCAM。
再看看Abott，HP的spin off，都是为普通股东产生价值的。
【在 l********i 的大作中提到】
: ABT分拆后虽然股东ABT和ABBV各有一股，但股价是折半的，也就是说分拆并不能增加持
: 股人的价值，而且没有进行新的IPO，没有筹资。之后的走势说明这两个公司独立后都
: 经营的很好，因为分别专注在自己的领域，特别是ABBV拿到了那个卖得最好的药。至于
: SINA，WB是分拆上市，IPO，拿到了钱，SINA在WB上占股份，至于以后走势不好，说明
: 投资者不看好WB，并不能说明SINA是抢钱。
|
f******n
发帖数: 314 | 16 说的不错。实质不只是偷偷转移而已，而是基本把 SINA 掏空了。
IPO获得的现金既没有给股东分红，SINA除去WB之后的业务也看不出有成长的可能。
如果说WB需要资金发展，完全可以增发，而不是剥离。
整个一个金蝉脱壳，乾坤大挪移。
20
【在 N*****d 的大作中提到】
: 龙老师的分析没错。但俺强调的是spin off/IPO以后的走势和事件的本质。
: 增发新股有2种：普通股东按比例享受增发（配股），普通股东手上股票不变。
: sina看似前者，其实比后者更差，因为sina股票所含有的价值被偷偷转移。中国股市20
: 年不涨不是magic，而是SCAM。
: 再看看Abott，HP的spin off，都是为普通股东产生价值的。
|
h***o
发帖数: 2321 | 17 Fuck u sina management
Wang ba dan
from
All
Hewlett
【在 N*****d 的大作中提到】
: 没有的话，就跟坐地圈钱差不多
: 大家可以参考一下krft当时spin off，还有多年前HP分出agilent怎么搞的
: What is my cost basis for tax purposes of my Agilent shares that I got from
: the spin-off from Hewlett-Packard?
: June 2, 2000, was the record date of the Agilent Technologies spin-off. All
: Hewlett-Packard shareowners of record received .3814 shares of Agilent for
: every share of Hewlett-Packard stock they owned with any fractional shares
: paid out in cash. The relative market capitalizations of Agilent and Hewlett
: -Packard on June 2, 2000 result in cost allocated to the Agilent shares of
: 22% and to Hewlett-Packard 78% of their original basis in Hewlett-Packard.
|
