America's Road to Wealth

Chapter 220 Let's Make Leek Cutting Together

2001 years.

April [-]st.

April Fools' Day.

On this day, when the market value of Sempra Energy Company was under the blitz of the market.

When it came to around $320 billion.

The safe house status of Smith Capital for more than half a month has also officially ended.

The safe house status of Smith Capital this time.

It is mainly to do long international spot gold, that is, London gold.

This time, Smith Capital, when the London Gold price was around 235.00, used 145 billion US dollars and 580 billion funds with four times leverage to enter the market one after another.

The average cost to open a position is around $240.00.

The standard lot of London gold is 100 ounces, which is equivalent to about 3.1 kilograms.

Calculated on the basis of an average opening price of $240 per ounce.

A standard lot of London gold is worth 240*100=2.4 US dollars.

580 billion US dollars, holding a total of 2 lots of London gold.

A standard lot of London gold is 100 ounces in total, and one point of fluctuation is 0.01 US dollars per ounce.

That is to say, a standard lot of London gold.

The profit and loss of one point is 100 × 0.01 US dollars = 1 US dollar.

Smith Capital holds about 241 million lots, with a fluctuation of one point, the profit and loss is about 241 million US dollars.

When Smith Capital closed all its positions and left the market.

The real-time price of London Gold is $275.98.

This is when Smith Capital closed a large amount of money and left the market.

It caused its price to drop a lot.

In fact, the average exit position of Smith Capital will only be higher.

Because profit retracement is a process.

Smith Capital left the market at the peak high of 281.65.

Smith Capital ended up with an average exit position of $278.34.

A total of 3834 points of profit were made.

That is, without interest, commissions, etc.

Smith Capital invested for half a month this time.

The total profit is about 92.46 billion US dollars.

When David Mellon announced that the safe house status was lifted, and the total profit in this transaction.

Huge cheers erupted from the entire third and fourth floors.

Amid the cheers, the staff on the first and second floors.

They also soon learned of the company's profit for half a month, and everyone cheered together.

The huge cheers of hundreds of people spread outside the building.

Those who don't know may think that some kind of celebration happened here.

Those employees who have just joined the company not long ago are silently calculating in their hearts——

Half a month net profit of about 92 billion US dollars.

This achievement is already more than twice the profit of Goldman Sachs last year.

Last year, the top five investment banks and five companies together accounted for a little more than half of their total profits.

It is General GE, the company with the largest market value in the United States, which accounted for 130% of last year's profits!

Wall Street practitioners who are not familiar with these data are also current employees of Smith Capital.

They all know that once this kind of information is released.

King of Smith Capital who has been dubbed "Financial Moses".

The originally dazzling halo on him will become even more dazzling.

And the 280 traders on the third and fourth floors.

I got my wish and got their high bonus.

28 team leaders, each with a bonus of [-] US dollars.

250 two members, each with a prize of [-] US dollars.

This news is also related to the company's profit this time.

Notified the entire company together.

Let all other people in the company who are not involved be extremely envious and jealous.

In addition, because the company does not require confidentiality.

These news also spread throughout Wall Street in a very short period of time.

Wall Street wage earners, hear the news.

First you don't believe it, after confirming the credibility.

They also envied and hated those 280 people.

Wall Street executives reacted differently after hearing the news.

Among them is Sally Winston, CEO of PNC Financial Services Group.

And Berkshire's chairman, Warren Buffett.

The reaction of these two people was that they came to the Smith Building very quickly.

It's not the first time Sulli Winston, CEO of PNC Financial Services Group, has visited the Smith Building.

Including this time, it should be three times.

Because it was around NO.20 last month.

Smith Capital has just announced that it will initiate a general acquisition offer for Sempra.

Sally Winston came once.

Sally Winston came over that time to ask for a share.

Same with Warren Buffett.

Last month, PNC Financial Services Group also bought a 4% stake in Smith Capital.

The conditions are exactly the same as those of Berkshire.

In other words, now Sally Winston is the same as Buffett.

Both are already shareholders of Smith Capital.

On the fourth floor, Abel's office.

Above the sofa in the lounge area.

The two giants of the American financial world.

Buffett and Winston, each holding a cup of Geisha coffee brewed for them by David Mellon himself, are sipping it lightly.

David was wearing a suit at this time, looking very capable.

David, the CEO of Smith Capital, confirmed the news to the two shareholders with a smile on his face.

"Gentlemen, there is nothing wrong with what you have heard."

"That's right. The company you invested in has made a profit of more than 92 billion US dollars in the past half month."

"You heard me right, it's $92 billion."

"Pure profit~"

David Mellon was in high spirits at the moment.

The 35-year-old son of one of the branches of New York Mellon.

Never thought of it.

I was originally an ordinary Goldman Sachs senior MD.

It could be in a year and a half.

To be able to intersect on an equal footing with figures like Sally Winston and Buffett.

David Mellon couldn't help but looked down at Abel.

The descendants of Andrew Mellon know all this because of this young man in front of them.

".oh~"

Sally Winston said happily:
"No wonder I went out this morning and found a Lincoln on the ground!"

Lincoln in the mouth of Sally Winston.

Refers to Abraham Lincoln, of course.

The head of the US leader is printed on the US penny coin.

In many places in the United States, there are such legends:

【If you find a penny coin, you will be lucky for a whole day】

This is a stalk that traditional Americans understand, and of course everyone present can understand it.

We all know that this is Sally Winston's joy.

Warren Buffett had a smile on his face, and the stock god couldn't help saying:

"Is it so profitable to do precious metal futures?"

As a shareholder of Smith Capital.

Buffett and Sally Winston, of course know that the main investment battlefield of Smith Capital in the past two weeks is international spot gold.

"No~ dear Warren." David Mellon said with a smile:
"It's not making money doing international precious metals. It's Abel Smith making money doing international precious metals!"

"In fact, it's not just international precious metals futures."

"As long as our King Smith wants to do."

"Smith Capital can make money there!"

David Mellon's words revealed his infinite admiration for Abel.

This made both Buffett and Winston realize.

No one can resist Abel's authority in Smith Capital.

David Mellon, who has just changed from general manager to CEO, is a fan of Abel at all.

"All right."

At this time, Abel finally smiled and said:
"It's just $92 billion. It's not $920 billion. I don't think there's anything to brag about."

When Abel said this, his tone was very calm.

Abel's own mood at this time was really the same as what he said.

But in the ears of Winston and Buffett who were present, it was extremely harsh.

Earning 92 billion US dollars in half a month, it is nothing special.
That leaves Berkshire's chairman, with the chief executive of PNC Financial Services Group.

At this moment, I felt like pouring the coffee in my hand onto Abel.

Of course.

They just think about it.

After all, they have all invested in Smith Capital.

The more money Smith Capital made, the happier both were.

"That's right." Buffett and Winston heard Abel say.

"Sampla Energy, you can close the network."

Abel smiled and said to the two of them:
"Give the two of you two days."

Hearing what Abel said, Buffett is fine.

Sulli Winston, who was only about 50 years old, suddenly became excited.

"Understood." Sally Winston said happily.

Buffett nodded:

"I guess it was also in these two days. Yesterday, I had already started selling."

Sally Winston suddenly realized—“No wonder it fell to $109 yesterday, and it should be Warren who was selling at that time!”

Buffett shrugged:

"Others are crazy, I am afraid, others are afraid, I am crazy. This sentence is very useful in many cases."

David Mellon didn't know what the two American financial tycoons and Abel were talking about.

Not long ago today, Smith Capital had just come out of safe house status.

That is to say, except for that time when he came out to speak and broadcast live on the TV station.

David had his first contact with the outside world today.

David is not very clear about the outside things at this time.

Abel explained to him: "It's about Sempra Energy."

"Oh." David Mellon nodded:

"I just took a look. The real-time stock price is already 120 US dollars. It's crazy. Is Sampra really worth so much money?"

"That's right." After David finished speaking, he asked Abel:

"I also asked about it just now. There are very few applicants for our comprehensive tender offer contract. It has only reached 39% until now, and there is still a long way to go from 51%."

"Of course," said Sally Winston, smiling:
"Smith Capital is only willing to pay $68 a share. Now the stock of Sempra Energy has risen to $120 a share in the stock market!"

"Which fool would be willing to sell it to Smith Capital at such a low price?"

David Mellon was taken aback, and he looked at Sally Winston who was smiling all over his face.

He looked at Abel and Buffett smiling again.

It reminds me of the conversation between the three of them just now.

David Mellon, who is also one of the Wall Street elites, immediately thought of something.

Thinking of this, David even lowered his voice.

"You... are you working on Sempra Energy?"

David whispered in surprise.

Abel responded calmly:

"Who said that? I'm interested in Sempra Energy. I'm optimistic about its future. I'm willing to make a comprehensive tender offer at $68 per share."

"As long as the price is right, I'll buy as much as I can. It's as simple as that."

Sally Winston laughed and said:
"Ha~ PNC Financial Services Group thinks that Sempra is a good stock that can make our investors make money, so why don't we enter the market?"

"Although Berkshire doesn't do much short-term trading, it doesn't mean it doesn't do it at all. As long as it is beneficial to investors, Berkshire will also occasionally do some short-term trading." Buffett said very seriously.

These words of the three people, although they didn't say anything.

But for David Mellon, basically everything has been said.

This shocked David.

This relatively young Wall Street elite.

He never imagined that the three in front of him would actually play like this.

Even David Mellon suspected that the three in front of him might not be playing like this.

Many people on Wall Street may have participated this time.

Otherwise, it is impossible for the stock of Sempra Energy to be in such a short period of time.

In less than two weeks, he was dragged more than doubled.

David smiled and cried: "Okay. Okay. I get it, I get it."

clang~clang

Abel tapped his own empty coffee cup.

"Mr. CEO of Smith Capital, forget about other companies. Just mind your chairman's coffee cup. It's empty."

"Oh~" David Mellon bent down and picked up the coffee cup.

Sally Winston hastily drank the coffee in his cup too.

"Please give me another glass too! Sir~" Sally Winston said with a smile.

Buffett drank his coffee calmly, and handed the coffee cup to David—"Please, Mr. Mellon."

David shook his head and smiled, but happily went to make coffee for them.

In the entire Wall Street, there are not many people who can make coffee for these three people!

4 month 3 day.

Has been in the "Sampra Energy" acquisition battle.

Only reprint opinions from other newspaper media.

The "New York Observer" and "American Sun" that never express their opinions.

One newspaper and one magazine simultaneously published two reports with similar content.

In the report.

The American Pacific Bank of Commerce announced that it will acquire a 100% stake in California Pacific Electric at a price of US$51 per share.

The deal involved $145 billion in capital.

Once reached, it will become the largest merger and acquisition so far in the American business community this year.

Gavin Gorzo, CEO of Pacific Electric of California.

Also at noon, the transaction was confirmed.

Gavin Gauth claimed that Pacific Bank of Commerce had put up a $[-] billion bond.

As long as it passes the approval of the US Department of Commerce, the transaction will be declared a success.

As soon as the news came out, the U.S. stock market was in an uproar.

One morning.

Sempra Energy from yesterday's highest of 130 US dollars a share,
Both have fallen to $120 a share at noon.

After these two news announcements.

In the afternoon, after the US stock market opens.

began its waterfall.

Wait until the evening when the U.S. stock market is closed.

Sempra Energy, which peaked at $125.5 a share yesterday, has only $109 a share left.

That night, Fox News, a subsidiary of News Corp.

In its one-hour selection of news coverage.

Also report on what happened today.

【.Smith Capital has never adjusted the tender offer price during the one-month general tender offer period.It can be seen that Smith Capital is obviously not really interested in Sempra Energy! 】

【.Mr. Abel Smith, he played everybody.He let a lot of people spend their savings to buy Sempra energy stock, driving the price to a place where Sempra should not be]

[.But our Mr. Abe Smith, turn around and buy a better California Pacific Electric]

【.He tricked everyone!We were all fooled! 】

【.】

That night, not only Fox News said so.

Most of the financial programs have experts come out to say so.

Early the next morning.

A large selection of freshly released newspapers and magazines.

Similar opinions were also expressed in the report——

That is: [Abe Smith doesn't really want energy at all! 】

【He's playing tricks, he's running a mouse warehouse, he's driving up the stock price of Sempra Energy, and then he can sell it at a high price! 】

【What he really wants is the California Pacific Electric next to him! 】

A similar report came out.

It wasn't long before the stock market opened that day.

Shares of Sempra Energy fell in response.

All of a sudden, it fell from $109 to $90 a share.

When the market was closed that day, the stock price of Sempra Energy was only 78 US dollars.

At this time, the leeks in the US stock market were already raging.

under pressure from public opinion.

The relevant US department SEC, that is, the US Securities and Exchange Commission, had to stand up and say:

Smith Capital did not break the law.

Because in the process of the rise and fall of Sempra Energy's stock price.

Smith Capital, from the beginning to the end, has never bought any shares of Sempra Energy with a general tender offer price exceeding US$68.

Similarly, he has never sold even one share of Sempra Energy stock above $68.

And it's not just Smith Capital. None of the companies that Abel holds more than 10% of the shares are involved in this Sempra Energy stock transaction.

To put it simply, Abe Smith insisted on purchasing at $68 a share, and he did not buy or sell more shares even when the stock went up or down.

On this transaction, he made no profit at all, not even a penny.

Judging from the relevant laws, what Smith Capital and Abel have done is not illegal at all.

As soon as the SEC's investigation conclusion came out, the leeks were in awe.

But this couldn't stop the plunge of Sempra Energy the next day.

All the way down to $68 a share.

Smith Capital, which kept its promise, finally started to make a move.

It buys Sempra Energy shares unlimitedly at a price of $68 a share.

This made Sampra's slump finally stagnate.

Even in the process, it was slightly raised.

At one point it returned to $70 a share.

Then Smith Capital stopped sweeping the goods again
This made leeks finally understand that people just want to buy it for $68.

No matter how many people will ignore it.

Since then, the stock of Sempra Energy has finally stopped at $68 a share.

That's it until April 4th.

Smith Capital announced that it has purchased a 67% stake in Sempra Energy.

The absolute holding required by the relevant regulations has been achieved.

Next, Sempra Energy will submit an application for delisting.

Once successfully passed, Smith Capital will completely delist Sempra Energy at a price of US$68 per share.

At this time, the entire U.S. stock market, big and small, had their enthusiasm exhausted before.

That's it.

In the U.S. stock market, the 19-day "Sampra Energy" acquisition battle has finally come to an end.

　You don’t have to wait for later, I will continue to code, but I don’t know when it will be done. Anyway, this month, there must be [-] words in four chapters a day, and I will persist in taking medicine.That is to say, there will be at least four chapters with more than [-] words tomorrow!Diarrhea at noon did not end until after eight o'clock
　　
　
(End of this chapter)