The male god of magic capital

Chapter 112 113 Invest 2.1 million!Market value breaks 20 billion

The morning session has closed.

This time, Chengtian Private Equity Fund won 6.66 million, and divided it into 20%, which is 1.33 million.

Luo Cheng immediately withdrew the 1.33 million share, plus Fenghua Wealth Management Company invested 40 billion and received 1 million management fees, now Chengtian Holdings already has 2.33 million spare funds.

Take out 2300 million as daily operating funds, leaving 2.1 million working capital.

What is the 2.1 million funds used for?

At present, Chengtian Holding Company has a debt of 14 billion, and Luo Cheng is not in a hurry to pay it back, and the subsidiaries of Chengtian Holding Company are the ones who burn money.

Especially recently, the profitability of catering companies and transportation companies has begun to decline. Semiconductor companies, biotechnology companies, and medical companies continue to need capital investment. It feels like a bottomless pit.

Two days ago, Chen Baofeng sent a message saying that the three companies need to increase their R&D investment. At present, the competition in the semiconductor industry, biotechnology industry, and medical industry is extremely cruel.

The three companies are currently service providers in the industry. Previously, orders from biotechnology companies and medical companies were all given by Bai's Medical Group, and now Bai's Medical Group is finished.

Chengtian Biotechnology Company and Chengtian Medical Company need to find other big customers, and they are facing brutal competition. Although the products developed by them are better than those of their peers, the price of the other party is cheap, and their own costs are also high. Up, their own family does not have an advantage at all.

Still have to burn money.

The 2.1 million funds should be able to burn for a while.

As a diversified business group, Chengtian Holding Company naturally wouldn't just focus on the financial industry. Immediately, Luo Cheng injected the 2.1 million into the three subsidiaries respectively, letting them continue to burn money.

He thought about financing the three subsidiaries in the market, but the chief engineering company has money, why should it dilute the equity before going public?

No need, if you have money, you can burn it first.

After the three subsidiaries go public in the future, they will have more equity and be more valuable.

Luo Cheng is planning to build a Chengtian Group with Chengtian Holding Company as the core in Shanghai, participate in various industries, and let its subsidiaries go public one after another.

And Chengtian Holding Company's steady stream of financial capital can support them, so that they don't need to worry about funds in the early stage.

After the subsequent listing of these subsidiaries, they can feed back the core of Chengtian Holding Company.

For example, in the future, Chengtian Holding Company will set up an insurance department. These listed subsidiaries have so many employees. When paying insurance, they will buy Chengtian Insurance. This will bring huge cash flow to Chengtian Holding Company. This is benign cycle.

Thinking of this, Luo Cheng is looking forward to the future prospects of the company.

But still short of money.

The market value of Chengtian Holdings Company is only 14 billion. Just yesterday, the stock price of Chengtian Holdings Company has reached 1400 yuan per share.

However, when I opened the stock price chart of Chengtian Holding Company, I found that its stock price fell by 400 yuan this morning, falling to 1000 yuan per share.

It seems to be shorted by the high position again.

Depend on!
As for that?
Isn't it just that the stock price is a little higher?

There are retail investors, hot money, and institutions to short all day long?
Although Chengtian Holdings currently has a debt of 14 billion, its subsidiaries are not profitable, and it has been suppressed by several competing group companies, Chengtian Holdings is suitable for long-term value investment.

Luo Cheng thought that setting the stock price higher would allow investors in the market to invest rationally, preferably value investing, but he did not expect to attract so many speculators.

Once the stock price of Chengtian Holding Company is too high and deviates from its value, it will be short-selling.

After all, if the real net assets of Chengtian Holdings are now estimated at 3 million to 5 million, with a market value of 10 billion to 15 billion, isn't that normal?

Why do so many guys like to come short?

Perhaps it is because the subsidiaries of Chengtian Holding Company have been squeezed, and the benefits are not good. In addition, Chengtian Private Equity Fund and Chengtian Public Fund are engaged in uncertain and high-risk financial industries, and may suffer heavy losses at any time.

In addition, Chengtian Private Equity Fund has been keeping a low profile recently, many people are not optimistic about it?

After all, Chengtian Private Equity Fund made a profit of 46% in the first battle, and it has not announced its results for so long. Some people inevitably suspect that Chengtian Private Equity Fund has lost money.

If you really think so, Luo Cheng can only hehe.

Jiang Manman came over and asked: "Boss, this time the private equity fund made a profit of 6.66 million, shall we announce its performance?"

"There are a lot of short positions on Chengtian Holdings."

"In the past two days, the market has not been very good. The income of Chengtian Public Fund has declined. Many people choose to short the shares of Chengtian Holding Company at high positions."

"This morning, the market almost hit the limit."

"When the market opens in the afternoon, if the stock price falls to 980 yuan per share, the limit will be lowered."

Jiang Manman bought 2000 shares of Chengtian Holdings, and opened the position at 450 yuan per share, which cost 90 yuan, and is now worth 200 million yuan.

However, yesterday, the stock price of Chengtian Holdings was at 1400 yuan per share, worth 280 million yuan. This morning, she lost 80 yuan on the book, which is really annoying.

Now Chengtian Private Equity Fund has just made a profit of 6.66 million, and the commission is 1.33 million.

After this announcement, the stock price will definitely skyrocket, making those short sellers regret it.

Luo Cheng: "Then let's announce it before the market opens in the afternoon."

In fact, Luo Cheng doesn't care. His Luo Family Foundation holds 75% of the equity, and it has been holding it for a long time. It will not be sold at all. The size of the fund is getting bigger and bigger, and the development and growth of its high-tech companies, the stock price will only get higher and higher.

In his heart, he doesn't really care about the ups and downs in front of him.

And in the Huangpu trading group.

Nirvana in stock trading: "God, your company was shorted again today, and it was Liu Canghai's people who were shorted."

Dropping out of school and nirvana: "Liu Canghai's assistant posted a post on the Huaxia Financial Forum denouncing your company's inflated valuation."

Stocks to support the family: "Many retail investors also followed suit. This time, Canghai Capital is behind the scenes. Their traders will definitely hit the stock price to the limit in the afternoon."

Luo Cheng said with a smile: "You can just buy in, let them die."

Soon in the afternoon trading, the stock price of Chengtian Holdings Company was directly suspended, and the order for the suspension was as high as 2000 million.

Let me go, such a huge stop order?
This Chengtian holding company only has a market value of 10 billion, and its average daily trading volume is several million.

You are actually 2000 million blocked.

Really cruel!
The board was blown up soon, Zhou Yuanping, Zhang Hanlin, Ling Guangchang and others swept up the goods at the price limit and wiped out the 2000 million selling orders.

Canghai Capital, Liu Canghai's assistant Li Yuanfei was dumbfounded.

"There are funds sweeping goods at the limit."

Originally, Li Yuanfei planned to set another limit down tomorrow, so he retreated. Unexpectedly, the market crashed in the afternoon, and the stock price of Chengtian Holdings returned to 1200 yuan per share.

After all, Chengtian Holdings Company is only a company with a small market capitalization. Since Liu Canghai lost several million from short selling last time, he has focused on other things.

The matter of shorting Chengtian Holding Company was handed over to his assistant Li Yuanfei for debt.

A few traders don't care.

"This is a blast, and it just makes other retail investors short."

"Yeah, the stock price is so inflated, 1200 yuan a share, it's a miracle in A, and few retail investors are really willing to buy it."

"The market is falling today, Chengtian Public Fund must have a negative yield."

"Hey, there's been no news about Chengtian Private Equity Fund for a long time, and it's probably caught in a certain stock."

Several people also posted posts under the post bar belonging to Chengtian Holding Company in the financial forum.

"It's blowing up, and there are funds chasing high without thinking."

"The real market value of Chengtian Holdings should be around 4 million."

"It will definitely not exceed 5 million. The market is down today, and the income of Chengtian Public Fund will definitely be negative."

"Chengtian Holdings is now in a state of losing money except for private equity funds and public equity funds that are making profits."

"Many of its subsidiaries have been jointly squeezed by several group companies, and their performance is very poor. The head office is still in debt of 14 billion. I heard that the bank has started to press for debts."

"Maybe one day we will see Chengtian Holdings being withdrawn."

"Short, short!"

Soon the stock price of Chengtian Holdings was smashed to 980 yuan per share again, and it fell to the limit again, with nearly 1000 million funds blocked.

At 3 o'clock in the afternoon, Chengtian Holdings announced the performance of Chengtian Private Equity Fund.

Profit of 6.66 million, received a commission of 1.33 million,

At the same time, it announced that it will inject 2.1 million yuan into the three subsidiaries of Chengtian Semiconductor, Chengtian Biotechnology Company, and Chengtian Medical Company.

Jiang Manman, spokesperson of Chengtian Holdings, said: Chengtian Holdings is not only a financial company, but also a high-tech company. It will invest more funds in the technology industry in the future, and will invest in the fields of chips, biology, medical treatment, etc. Break the monopoly of foreign patents in the field and create national science and technology.

"Damn it, I really know how to blow it."

"A small company brazenly saying that it wants to create national technology?"

"Hehe, how to survive in the semiconductor industry, the biological field industry, and the medical industry."

"I think Chengtian Semiconductor, Chengtian Biotechnology Company, and Chengtian Medical Company will inevitably be eliminated. As for why? The reason is simple. The cost is high and the price is expensive. Who will give them an order."

As for Liu Canghai, Liu Cangshan watched the press conference with disdain in his heart, and now Liu Cangshang is uniting with several groups to bring down all the subsidiaries of Chengtian Holdings.

···
Although there are many negative comments, it does not affect the skyrocketing stock price of Chengtian Holdings.

Because Chengtian Private Equity Fund just made 6.66 million, a profit as high as 66.66%. According to the announced position, it is full of Da'an Gene and has been closed.

The stock price of Chengtian Holding Company broke through 1000 yuan in an instant!
1100
1200
1300
1400 yuan per share, back to yesterday's closing price.

The rally has not stopped!
1500
1600
1700
1800
1820 yuan per share, the daily limit.

This morning, the market fell to the limit, and then in the afternoon, the market exploded, and then the limit was lowered, and then it skyrocketed, and the limit was reached.

A floor came, and the short side suffered heavy losses.

At Canghai Capital, Li Yuanfei, Liu Canghai's assistant, was sweating coldly.

"Wonderful, Chengtian Private Equity Fund has made so much profit!"

Other short-selling retail investors are also in mourning.

"Cao, specially announce the performance of private equity funds when the limit is down!"

"It's over, I'm dead."

"Cao, lost 30%"

"I shorted 10 yuan, and I have already lost 3 yuan."

"Grandmother, the stock price has plummeted and skyrocketed, and I'm actually shorting at 1000 yuan!"

"Tomorrow will continue to skyrocket, what should I do?"

"Hey, cut the meat first tomorrow, and then go short after the stock price soars higher."

···
As for Dah Sing Bank, Huang Hanxing saw the performance report released by Chengtian Private Equity Fund, and immediately became angry.

It turned out that Chengtian Private Equity Fund blocked their Daxin Fund on Da'an Gene, and made 6.66 million, Cao!
"President, the stock price of Chengtian Holdings will go up, shall we go short in the future?"

"Not for now, let it continue to rise for a while."

"Look for opportunities to stop Chengtian Private Equity Fund and Chengtian Public Equity Fund, and then short their stocks." Huang Hanxing gritted his teeth angrily.

"Tomorrow the stock price of Chengtian Holdings will definitely break through 2000 yuan."

The next day, November 11th, Friday.

The stock price of Chengtian Holdings continued to rise, reaching a new high of 2000 yuan per share.

The market value has also reached 20 billion!
God!

When Chengtian Holdings was first listed, the price-to-book ratio was only 1 times. Today, the net assets of Chengtian Holdings are only 5 million, but the market value is as high as 20 billion!
The price-to-book ratio is as high as 4!

The market value is 4 times of net assets. It claims that it is still a high-tech company. The problem is that its subsidiary Chengtian Semiconductor Company, Chengtian Biotechnology Company, and Chengtian Medical Company are all burning money. They have no profit at all, and the cost is high. There are very few orders.

How did this market value reach 20 billion?
Shouldn't it return to its original value?

Many value investing institutional traders have their eyes on the inflatedly priced shares of Chengtian Holdings, wanting to short them at high prices.

As for Jiang Manman, the spokesperson of Chengtian Holding Company, boasting that Chengtian Holding Company will build national technology, nonsense, they will not believe this stuff.

However, the stock price of Chengtian Holding Company is very strong, and these value investment traders dare not short it for a while.

Chengtian Holding Company is full of joy.

"BOSS, the stock price has reached 2000 yuan a share, and the market value has reached 20 billion!"

"Everyone bought the company's stock before and already made a lot of money."

"Haha, I bought it for 500 yuan. I bought 4 shares at that time, and now it is worth 8 yuan."

"I just bought 2 Gu, and the purchase position was also at 500 yuan. Now it is worth 4 yuan, and I have made 3 yuan."

"Haha, I bought 10 shares. I bought it when the price was 600 yuan per share. I spent 6 yuan, and now it's worth 20 yuan."

"I bought 1000 shares at 10 yuan and made 10 yuan. My monthly salary is 2 yuan."

Many employees of Chengtian Holding Company put out money to buy their own company's stock, because the stock price is too expensive, usually they only buy a few shares, or ten shares.

Jiang Manman bought 2000 shares, which are now worth 400 million, not to mention how excited he is.

Although she is the president's assistant, her monthly salary is only tens of thousands of yuan. Now she has 400 million yuan, and she is very happy.

The Roche Family Foundation holds 75% of the shares, worth 15 billion.

(End of this chapter)