Reborn in Hong Kong as a Tycoon

Chapter 62
The trading volume of Wharf that day exceeded [-] million Hong Kong dollars, which is huge.

With such a huge transaction volume, it is difficult not to attract attention.

Niu Bijian of Jardine Matheson also noticed the changes in the stock market. The huge trading volume made him a little worried that the shares of Wharf would be concentrated in a few people, which would threaten Jardine's controlling stake.Therefore, Niu Bijian made people pay close attention to Wharf's stock price in the next period of time.

The next day is the last trading day of the week.

The huge fluctuations in Wharf yesterday made this stock a lot of attention today. As soon as the stock market opened, the stock ushered in a rise.

However, yesterday's roller coaster made many people have scruples, so when the stock price exceeded 15 Hong Kong dollars, fewer institutions and retail investors participated.

On Lin Baicheng's side, after listening to Anyuan's report yesterday, he asked Anyuan not to buy stocks, but once the stock price exceeded 20 Hong Kong dollars, he would try his best to suppress the stock price, and it would be fine to throw away all the stocks in his hand.

According to Anyuan's analysis, yesterday's huge support at 23 Hong Kong dollars should be done by another acquirer, and Lin Baicheng knew that it should be done by Li Jiacheng.

With such a large trading volume yesterday, Lin Baicheng knew that Wharf had attracted the attention of Jardine Matheson, and it would be impossible for him to secretly buy a large amount of shares of Wharf. Therefore, as long as the stock price was above 20 Hong Kong dollars, he would not mind throwing away his holdings. all shares.

Either the shares bought by Lin Baicheng were bought by someone above 20 Hong Kong dollars, or Lin Baicheng suppressed the stock price and looked for opportunities to acquire Wharf later.

Lin Baicheng didn't have to buy Wharf. He bought Wharf to make money, but if the price was too high, he didn't mind slowing down the acquisition or even not buying it. He could simply earn a vote from the stock market.

Therefore, Li Ka-shing’s side has been doing the acquisitions in early trading today. He is optimistic about the stock price of Wharf, not to mention that the cost price of his 23 million Hong Kong dollars is about [-] Hong Kong dollars. He must take advantage of the low stock price to spread the cost. .

It's a pity that Lin Baicheng insisted on smashing the market, and the funds in Li Jiacheng's hands could not cover all the selling orders. In the end, the stock price still turned around and fell very fast because it could not support it.

Although Anyuan no longer asked people to sell stocks after the stock price fell below 20 Hong Kong dollars, institutional traders and retail investors became the main force of smashing the market, and everyone wanted to run away.

After that, the stock price was a game between some institutions and retail investors themselves. There were ups and downs, but the overall trend was mainly down. The closing stock price fell to 12.5 Hong Kong dollars that day, which was not a small drop.

Li Jiacheng used up the remaining 21 million Hong Kong dollars on this day, and pulled the cost price to about 8000 Hong Kong dollars.Looking at the current stock price alone, he lost about [-] million Hong Kong dollars, but he is optimistic about the stock price of Wharf. As long as he does not sell the stock, the so-called loss is just a loss on paper.

Now Li Jiacheng holds more than 900 million Wharf shares, accounting for a little more than 10% of the total share capital. For a moment, he wanted to raise funds to take Wharf, but he gave up after thinking about it.

Although the holdings of more than 10% are quite a lot, there is still a gap compared with Jardine Matheson. Now the stock price fluctuation of Wharf has attracted the attention of Jardine Matheson. He and Matheson's counterattack, with his capital, there is a high possibility that he will not be able to beat Jardine Matheson.

Li Jiacheng is not a gambler, and he doesn't feel that he has lost now. It is true that the stock has lost money, but he believes that Wharf's stock price will rise.Don't be afraid if it doesn't go up. After a year or two, he can buy Wharf's stock again and buy Wharf secretly, which is even better.

Li Jiacheng lost money, but Lin Baicheng made a lot of money on the Wharf stock.

Before selling a large number of stocks, Lin Baicheng held about 1950 million shares of Wharf shares. The highest reduction price was nearly 26 Hong Kong dollars, and the most reduced shares were near the two prices of 23 Hong Kong dollars and 20 Hong Kong dollars. Jiacheng bought it.

After two reductions to suppress the stock price, Lin Baicheng only has about 850 million Wharf shares left in his hands, accounting for less than 10% of the total share capital, and the number of shares he holds is even smaller than that of Li Jiacheng.

不过林佰诚是赚钱的，他卖掉的1100万股共卖了2.25亿港币，而他此前买入1950万股只用了2.5亿港币，等于他只用了2000多万港币就买入了850万股的九龙仓的股票。

Even based on Wharf's closing price of 12.5 Hong Kong dollars today, Lin Baicheng can earn 8000 million Hong Kong dollars, which is almost the money Li Jiacheng lost.

However, Lin Baicheng will definitely not sell the remaining stocks at a price of 12.5 Hong Kong dollars, and Li Jiacheng will not cut his flesh at a loss of 8000 million. Both are optimistic about the stock price of Wharf, and they are consistent on this point of.

Lin Baicheng, who lives in the United States, knew of the situation in Xiangjiang and knew that he would not be able to acquire Wharf in the short term, but he did not stop the loan negotiation with Goldman Sachs.It's just that he's not in such a hurry now, he doesn't need to get the loan funds immediately, so he doesn't have to consider some conditions.

Although Lin Baicheng can use more than [-] million Hong Kong dollars in funds because of the sale of part of the stock, but the more money the better, he doesn't mind borrowing from the bank and using the money from the bank loan to develop and grow himself.

Although the interest on bank loans is very high in this era, no matter how high it is, it is not as profitable as Lin Baicheng. Lin Baicheng still has this confidence.

If the money Lin Baicheng earns every year can't even cover the bank interest, then he won't have to mess around, and he will be reborn for nothing.

Without the pressure of demand, Lin Baicheng became more comfortable in the next negotiation with Goldman Sachs, and only talked about the loan that could be obtained by pledging the shares of Galaxy Games.

Galaxy Games Company, this company has brought more than 20 million US dollars in profits to Lin Baicheng, but the company's profit data is confidential and cannot be disclosed, so it is calculated by Goldman Sachs based on [-]% of the industry's revenue, and then the majority Ten times the industry's price-to-earnings ratio to calculate the valuation.

Before, Lin Baicheng wanted to obtain loan funds faster, preferably more loan funds, so he was still dissatisfied with Goldman Sachs' calculation method.It doesn't matter now, anyway, it's just a loan, and it's not about letting Goldman Sachs take a stake or listing the company, so it's okay if the valuation is considered lower.

Although the loan was obtained as a pledge of shares, as long as Lin Baicheng repays the interest in time every year, the company's shares are still his and have nothing to do with Goldman Sachs.

The revenue of Galaxy Games so far is about 1.6 million US dollars. According to Goldman Sachs' forecast, the company's profit is 0.32 million US dollars, and the valuation of 3.2 times the price-earnings ratio is 4 million US dollars.Then, because the company's two games are very popular, there is still room for sales in the future, plus the premium that belongs to a good company, etc., so the final valuation of Xinghe Games is [-] million US dollars.

Lin Baicheng mortgaged 25% of the shares of Galaxy Games, and obtained a loan of 9 million US dollars from Goldman Sachs. The loan period is three years, and the annual interest is 27%, and the three-year interest is [-]%.

That's right, the bank's loan interest is so high, if the loan of 30 million US dollars can't make a profit of more than [-]% within three years, it will lose money.

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(End of this chapter)