Reborn in Hong Kong as a Tycoon

Chapter 60 The Wharf Storm ([-])
As soon as twelve o'clock arrived, the stock market closed, and stockholders walked out of the exchange one by one.

The most eye-catching stock in the morning is Wharf. Although its closing price in the early trading was only 13.68 Hong Kong dollars, which was only a little higher than the opening price in the morning, it was still nearly four times higher than yesterday's closing price. Points, the increase alone is not too low.

However, who made Wharf’s highest price in early trading rise to 19.91 Hong Kong dollars? Compared with this price, the morning’s closing price of 13.68 Hong Kong dollars is far worse.

The huge ups and downs fluctuated, so people who didn’t buy this stock couldn’t help discussing how much money they could make if they bought it at the opening of the market in the morning and then sold it at a high level, as if they were all stock gods generally.

Chen Baocai walked out of the exchange in a daze, and grinned mockingly as he listened to the discussion around him.He held Wharf stocks before today, and shortly after the market opened in the morning, he covered up his position at a price of more than 14 Hong Kong dollars. After the stock price broke through 15 Hong Kong dollars, he increased his position again. He once made a profit of almost 40% at the highest price.

Chen Baocai also wanted to sell when the price was high. At that time, he was ready to sell before the stock price reached the highest price. Unfortunately, he went too late. In just a few tens of seconds, the stock price plummeted. He didn't even have time to sell it.

Later, when the stock price fell below his cost price of holding positions, Chen Baocai no longer wanted to sell.From earning nearly [-] Hong Kong dollars to losing money, this is unacceptable to him. He would rather hold the stock and look forward to a rebound later.

Listening to the discussion of many people around, Chen Baocai believed that if these people were replaced by him, the result would not be much different, because everyone wanted to sell at the highest price, and then when the stock price suddenly fell, it would be too late to run away.Each one of them is like a stock god when they talk about it now, but when they are on the scene, they will look another way.

The stock price of Wharf has fluctuated greatly this morning. Even if Jardine Matheson did not know that someone was secretly buying shares of Wharf, it must have noticed such a drastic stock price fluctuation this morning.

However, Niu Bijian, the chairman of Jardine Matheson's board of directors at this time, did not think that someone wanted to buy Wharf. He only thought that there was an organization that wanted to buy Wharf stock. Raising and suppressing the stock price were just means of the other party. That's all.

Therefore, Niu Bijian just asked the people in the investment department below to pay attention to the changes in Wharf's stock price. As long as the stock price does not drop sharply, then ignore it for the time being.But once the stock price drops sharply and the total market value falls below one billion Hong Kong dollars, it must be reported to him immediately.

The development of Wharf has not been going well in recent years, and its stock price has fallen a lot. Niu Bijian is unlikely to cause Wharf’s stock price to plummet again. Therefore, once its market value falls below one billion Hong Kong dollars, he will intervene and apply for funds from the board of directors , to increase the holdings of the tray.

However, in order to stabilize shareholders, and because the stock price fluctuated too violently this morning, Niu Bijian still asked people to issue an announcement, saying that Wharf did not have any news that had a major impact on its performance. Shareholders don't have to worry about waiting.

It's a pity that Niu Bijian's starting point is good. He wanted to stabilize the shareholders and let them know that Wharf did not have any bad news. Unfortunately, things backfired.

The stock price rose sharply in the early trading, so many people take it for granted that Wharf has unknown good news that has not been known to the outside world, and the funds known in advance are entering the market to buy bottoms. Now that Wharf’s announcement is issued, it directly shows that The company is not good, this is completely a pot of cold water poured down.

The market sentiment immediately turned cold, and the good news that was originally thought to be good is gone. This is not a bad news.

Therefore, as soon as the market opened in the afternoon, Wharf's stock price turned around and fell directly below yesterday's closing price, falling below 13 Hong Kong dollars, and it continued to fall.

Seeing this situation, Anyuan made people pay attention to the changes in the stock market, and would notify him immediately if there was a large amount of money entering the market to buy Wharf stocks; Buy after suppressing it a little more, or stop suppressing the stock price, and buy a large amount directly after reaching a certain price.

The reason why Lin Baicheng went to the United States was of course to raise funds.

With Lin Baicheng's current net worth, only the shares of Galaxy Games and the acquired shares of Wharf can be mortgaged by the bank.The former is fine, but the shares of Wharf in the latter are not easy to obtain a loan from the bank of Xiangjiang, because if he does so, it will be known that he has bought a large number of shares of Wharf and then made a loan. exposed.

It would be different if it was a bank in the United States. This kind of news would definitely not reach Xiangjiang, after all, the two sides have never been in contact.

Now Xiangjiang is a colony of the United Kingdom, so the capital belongs to the United Kingdom. American funds have not yet entered Xiangjiang, and there is no power or interpersonal relationship in Xiangjiang. Therefore, Lin Baicheng, who went to the Bank of America for a loan, is not afraid that he will buy Wharf. The matter was spread to Xiangjiang.

In order to get a bank loan as soon as possible, Lin Baicheng asked Phil Smith for help, and he set up a bridge to contact an executive of Goldman Sachs.

Goldman Sachs is mainly engaged in investment and financial services. Mortgage loans are not the main business. It is not Lin Baicheng who is looking for Goldman Sachs, but Phil Smith's relationship is Goldman Sachs. As long as Lin Baicheng can get loans as soon as possible, he can find investment banks and commercial banks It made no difference to him.

Large loans cannot be negotiated in a day. The valuation of collateral, loan amount, loan duration, loan interest, etc. must be negotiated.

What's more, it wasn't long before Lin Baicheng arrived in the United States, and he only got in touch with the executives of Goldman Sachs through Phil Smith's relationship. How could he get the loan so quickly.

When Lin Baicheng learned about what happened in the Xiangjiang stock market from Anyuan, he thought about it for a while, and then gave Anyuan an order.

Lin Baicheng believed that it was Li Jiacheng who was buying the shares of Wharf, so without knowing Li Jiacheng's plan, he could not suppress the stock price too low, otherwise if Li Jiacheng bought stocks at a low price, then he was doing it for Li Jiacheng is making a wedding dress.

But in the same way, Lin Baicheng doesn't have enough funds now, so he can't reveal his intention to acquire, otherwise he won't have the money to buy after the stock price soars.

Therefore, Lin Baicheng's instruction to Anyuan is not to deliberately suppress the stock price anymore, and you can continue to buy, but don't buy any more after it exceeds 15 Hong Kong dollars, and let the market adjust itself.

But in case there are big funds entering the market to buy a large amount of stocks, once the stock price exceeds 25 Hong Kong dollars, then choose to reduce the holdings, sell part of the stocks, and sell as much as the other party can eat.

Selling at this price, Lin Baicheng not only wants to suppress the stock price, but also because selling the stock at this price can make him nearly double the profit.Even if Wharf is not acquired in the end, based on his previous investment, he can at least earn about [-] million Hong Kong dollars.

　(Thanks to 'Wu Zhengjun' for his great support!)
　　
　
(End of this chapter)