Chapter 771

As soon as Dong Qiangqiang and Lu Shan stepped into the house, they received an overseas call from Duanmu.

"It's out! Prestige Di is out!" Duanmu's trembling voice echoed in the corridor, Dong Qiangqiang seemed to hear the landlord's boyfriend cursing from the next room, and hurried upstairs.

"Go and see!" Duanmu excitedly urged loudly in Dong Qiangqiang's ear, "The price limit is down!"

Dong Qiangqiang knew what Duanmu was referring to, and he was also very excited, his heart was beating so hard that the key was still out of alignment with the keyhole.

The door finally opened.

"How much?" When he flashed into the room, he rushed to the computer, luckily he didn't turn it off before leaving.

Except for Asian stock markets, European and American stock markets have never been in the habit of closing at noon. Dong Qiangqiang glanced at Vivendi’s official website before going out, but there was no notice on the page. Why did it suddenly and quietly disclose it?He thought that there would be no results today.

Vivendi's official website couldn't be displayed at this time, Dong Qiangqiang didn't dare to delay, and hurriedly cut into the stock trading system. After all, the trading system's line optimization is better, and the page has been refreshed in less than half a minute.

A cliff-like vertical line stands there brightly, which is extremely dazzling.

"It's the same as before, first the circuit breaker and then the lower limit. It was sealed at 9.5 (Euro) just now." Duanmu gritted his teeth and swears, "Why the hell is it back to 10 (Euro) now?"

It was easy to find the PDF file of the second quarterly report. Dong Qiangqiang clicked on the file with the mouse, and a "download complete" prompt popped up in the lower right corner of the screen.

He quickly finished reading Vivendi's second quarter report, and the entire content could only be described as "tragic".

Although Vivendi's financial income in the second quarter rose from 139 billion euros in the same period last year to 153 billion euros, due to poor management and too many holes, the company's net loss in the first half of the year was as high as 123 billion euros. At the same time, the entire Vivendi Group (including all The total debt of subsidiaries) has also climbed to a record high of 350 billion euros, some of which have even exceeded the stipulated repayment period.

Although the company replaced a new CEO in July in order to restore investors' confidence, and at the same time began to sell non-performing assets to raise funds to repay debts, judging from the results achieved, it was not ideal. Several prominent creditors (mainly large Commercial Bank) thus set a final repayment deadline for Vivendi.

The threat of bankruptcy loomed over Vivendi like the sword of Damocles, and it knew exactly how dire its situation was.In order to alleviate its financial difficulties, it agreed to sell assets worth tens of billions of euros in exchange for cash to repay debts within the year, and proposed a clear self-help route in the second quarterly report: in addition to throwing away a few hot potatoes, it will also sell its subsidiaries. All the assets of the publishing industry, especially the American Houghton Mifflin Publishing Company, which was bought back at a cost of 2001 billion U.S. dollars in 22, are actively negotiating with a consortium of the largest commercial banks in France to strive for a sum of 30 billion U.S. dollars. Low-interest bridging loans in euros, and implement the $10 billion financing promised by the new CEO as soon as possible after taking office.If the above actions still fail to effectively reduce the company's debt crisis this year, it will consider selling all the businesses of Universal Pictures (USA) in the future.

Less than half an hour after the second quarterly report was released, interpretations appeared in the market.The views of most institutions are relatively similar: the so-called long-distance water cannot quench the near-thirst, the tragedy of Vivandi’s over-staffed stalls, poor management, and lack of liquidity will not change qualitatively with only a few loans. The fall, where is this going?And Vivendi's big pie is not attractive. Considering that the former CEO took away a severance package when he resigned, investors have no reason to believe that its business will turn around within the year.

"Are you still listening?" Duanmu babbled for a long time, but didn't hear Dong Qiangqiang's feedback, so he yelled in dissatisfaction.

"I think..." Dong Qiangqiang replied softly, "I found the reason why it didn't close the limit."

"what?"

"The news said that in view of the numerous fraudulent incidents in the U.S. stock market in the past year, and considering the importance of Vivendi to the French financial market, the French financial community is extremely concerned about Vivendi's movements, and expresses its deepest concern over the violent fluctuations in its stock price and business data. The French Securities and Exchange Commission stated that although the Securities and Exchange Commission will not audit the quarterly reports of listed companies, from the perspective of stabilizing the financial market, they hope that Vivendi will announce more details to reassure investors. Doubts. Here comes the most important thing, listen carefully: A certain financial department of the French government stated that it does not rule out a certain degree of supervision and necessary support for Vivendi in the future.”

"Necessary support?" Duanmu smacked for a few seconds, then asked, "What do you think?"

"The market has already reacted to the government's statement, so the stock price has not sealed the lower limit." Dong Qiangqiang further explained, "Investment institutions should think that the government will not sit idly by."

"Damn, can't it?" Duanmu was dumbfounded, "Aren't they a free market economy? Why are they playing with administrative intervention?"

"I guess it may be that Vivendi is too big, and there are many loans from commercial banks behind it. Once Vivendi goes bankrupt, these loans will definitely lose their money. The government must be worried about the huge negative social impact of bank bankruptcy before deciding to bail out Yes." Dong Qiangqiang analyzed.

"Then they spend money to support private companies like this, can the French taxpayers agree?" Duanmu said angrily, "If I didn't make this statement, I think I would have to drop the limit tomorrow. Damn, it's so disgusting, the duck I got flew away, hey... ..."

"It's useless for you to say this now. What we have to decide now is whether we should sell the put option of Vivendi?" Dong Qiangqiang glanced at the position income of Vivendi in the trading system, "We are at 30 Euros when the stock price is 2 Euros/ The option bought by the stock is now less than 10 euros (the stock price), and the option income alone is almost 40 (euros), which is quite a lot. If we count the Munich Re insurance (put option), we actually The bet with Black Castle... no, with Anderson has been completed."

"You mean today's one-shot deal is all out?" Duanmu gritted his molars and asked, "Now the market is one-sidedly bearish on it, don't you think it will continue to fall in the future? Just like Mu Again, it feels like it has fallen into a bottomless abyss, and the (rebound) is nowhere in sight."

"Before, it was short-term panic that drove the selling, but now that the French government has expressed its position, it is difficult to predict the market outlook. You can't expect it to continue to fall like this tomorrow." Dong Qiangqiang persuaded, "Stop profit and stop loss are equally important. After all, we are mortals, and it is impossible to sell at the highest point, which is unrealistic. Or we sell half and keep half, and if it falls again tomorrow, we can make more money. If it rebounds tomorrow, at least we have sold half, which is not too little earn."

Duanmu remained silent, apparently hesitant to Dong Qiangqiang's suggestion.

Sensing Duanmu's reluctance, Dong Qiangqiang wanted to add another sentence of "let it go when you see it", when he heard a whistling sound from the phone, he couldn't help keeping the phone away from his ears, and after a while, he heard Duanmu intermittently say: "I There is a call coming in, and I will call you back later." After speaking, he hung up the phone in a hurry without waiting for Dong Qiangqiang to answer.

But Duanmu didn't call Dong Qiangqiang back after an hour.

Dong Qiangqiang called him several times, but the other party's mobile phone was always busy.

Dong Qiangqiang, who didn't wait for Duanmu's call, was going to the kitchen to find something to eat, but unexpectedly received a call from Anderson.

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(End of this chapter)

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