Mediterranean hegemon

Contini has made a huge fortune this time he came to the United States! First, the S2 motorcycle was a sensation and sold well. By the time he left the United States, the order quantity had exceeded 15,000 units. This was based on the fact that 1,000 units of various commemorative and limited editions had been delivered. Therefore, United Motorcycle’s estimated price was US$200 million. The issue price of 20 US dollars was unanimously considered by everyone to be underestimated. On the day of listing, it jumped directly to 24 US dollars. At the final closing time, it actually reached 28 US dollars, a surge of 40% in one day.

One week later, the stock price successfully exceeded the $30 mark and was only one step away from the $35 confirmed by the convertible bonds. The problem is that the convertible bonds have just been subscribed and have not even been issued yet, so stock commentators think this It's almost like giving away money. There are a huge number of investors who have registered to buy convertible bonds, and there is a trend of "getting it and making money" everywhere.

The convertible bonds finalized this time are a new and innovative package of joint funds. The joint fund is composed of 300 million United Bank shares + 400 million United Petroleum Algerian shares + 600 million United Petroleum Libyan shares + 100 million United Motorcycle shares + 1 It is jointly constructed with shares worth a total of US$1.5 billion in Yilian Pharmaceutical Co., Ltd.

The convertible bonds of US$1.5 billion were settled on July 31, 1929, and the conversion started from August 1 to 10. After the conversion, the investment held a package of joint funds, and then the joint funds held the corresponding joint shares. This innovative model was first proposed by Contini and has been unanimously recognized by Wall Street as a quasi-group listing method that is very viable.

Each sponsoring and underwriting bank is also the custodian bank of this fund. No matter which bank or brokerage firm the investor opens an account with, he or she can make deposits and redemptions. This is actually the work of US dollars, but the standard denomination is only US$100. Of course, be careful. The analysis is still different from the U.S. dollar, because behind the U.S. dollar is the political power of the country, and behind the joint convertible bonds is only joint funds or joint shares. However, in the situation of the skyrocketing stock market, the joint convertible bonds are more useful than the U.S. dollar, because they not only With 1.5% interest, the call option is also automatically given a starting exercise price of $100 (the intrinsic value of the joint fund at the time of issuance was approximately $78). In other words, only when the stock price rises from $78 to $100, It is profitable to convert, otherwise it is a long-term bond with only 1.5%.

But investors obviously don’t see it that way. They think this is a guaranteed profit of 1.5%, and every additional US$1 after the stock price exceeds 100 without a cap is a good net profit. They are willing to buy it if they want to buy it. Some people even told reporters They complained that the president left too much to institutional investors, giving them 1 billion quota and only 500 million to ordinary investors. It should be the other way around. Institutional investors retorted, thinking that if the president hadn't insisted on letting the American people share the stock price, The joy of growing up is not your turn to grab this good thing. Giving you 500 million is considered tolerant. We not only want to grab it through institutional channels, but we also want to grab it through personal channels!

Of course, the Federal Reserve also saw that the joint convertible bonds were unusual, but it could not get angry. Firstly, the Federal Reserve is essentially a private commercial institution and is not included in the congressional budget; secondly, all corporate convertible bonds were issued in this way in the past. The reason why this joint convertible bond is so special is that it is a product of a foreign consortium and can cooperate with all American consortiums and banks without restrictions. The more cooperation, the greater the convenience for investors. Is it because the other party and all major banks Are banks going to be suppressed if they cooperate? This is a blatant enemy of the consortium; Sanlai United Convertible Bonds were finally confirmed to be listed shares, and there is no reason to attack the United Group's statements for being opaque and non-public.

Therefore, starting from July 15th, when Contini and others were still floating on the sea, there was a rush to buy joint convertible bonds. The 1.5 billion quota was originally sold for 15 days, but it was all sold out in 5 days. It was full, and investors who had queued for a long time but couldn't buy anything were so angry that they cursed and even got into disputes. In the end, Wall Street urgently coordinated and, with Contini's consent, decided to expand the fund size by US$500 million to issue an additional US$500 million in convertible bonds. At the same time, the single purchase limit of US$500 million was limited to US$1,000. No matter who it was, If you exceed the quota, you have to queue up again, so starting from July 20, all major banks have long queues. Usually the whole family goes out to snap up the hard-won $1,000 quota. In order to prevent the number from being passed, many people bring Wearing a sleeping bag and taking to the streets, luckily it is summer, so except for mosquitoes and flies, there will be no freezing to death.

Roosevelt was even more disgusted with this phenomenon and expressed his concerns to his wife more than once, but to no avail. He said angrily: "I'm like the little boy in the emperor's new clothes. I see everything clearly, but no one believes me!"

On August 1, after deducting nearly 20 million US dollars in issuance, underwriting, and intermediary fees, US$2 billion was neatly included in the name of United Group. At this time, Contini had just returned to Rome. He issued 5 instructions without hesitation:

First, immediately allocate $300 million from this amount to companies that sign industrial equipment contracts;

Second, buy $200 million worth of gold and ship it back to Italy;

Third, prepare to replace the loans due in August-September, and do not apply for new loans for the time being but use the funds to finance them. After the loan is returned, the stocks originally used by Contini as collateral can be unfrozen;

Fourth, initiate negotiations on additional terms and prepare to negotiate US$1.8 billion in additional contracts with various production equipment suppliers;

Fifth, excess funds will be remitted to Italy to meet other needs.

These five instructions are almost public, but they make the market even more excited: the deposit payment of US$300 million means the start of a huge US$2.4 billion contract, which will bring a new round of take-off for Wall Street, and the additional US$1.8 billion contract It seems that it is just around the corner; United Group uses low-interest bond financing to replace the original high-interest bank financing. On the surface, it erodes the interests of the bank. In fact, it is now more profitable for banks to lend to investors than to United Group. Figure, once the nearly US$500 million is returned, banks will loosen their money and be able to lend more to investors.

As for the Federal Reserve, it also received certain benefits: the United Group took away 200 million US dollars of gold reserves, which made them relieved. It is so strange. Now the Federal Reserve is worried about too much gold and the valuation of the local currency is too high. If someone takes away the gold, it means that they are in trouble. Relieving the pressure on the U.S. dollar will instead give the Fed room to maneuver.

So from August 3rd to 7th, more than 40 U.S. listed companies issued unanimous announcements: After receiving the deposit from United Group, the sales contract between our company and United Group was established. The contract size is *** million US dollars. The two parties are currently negotiating to confirm Regarding technical parameters and contract details, the relevant performance is expected to be reflected next year. The two parties are currently negotiating a new round of contracts. The company will fulfill its announcement obligations in a timely manner...

This kind of announcement, coupled with the credit extension of US$500 million, caused the price-to-earning ratios of large blue-chip stocks to be slightly lower. With collective efforts, the Dow Jones Index successfully broke through the 330-point mark on August 15. Everyone believed that the president's "300-point" The statement "is the starting point of the American bull market" is very valuable and prophetic.

August 15th was also the day when Contini and Ada got engaged. Celebrities from all walks of life in Italy, as well as military and political figures were invited to attend. The entire ceremony was personally presided over by the Pope. In order to express his congratulations and commemorate Ada’s status as a medical student, Contini made a high profile Announced that the United Group will enter the medical field and build 28 high-level hospitals across the country, which will be uniformly named United Hospitals in a certain city. United hospitals and United Medicines constitute the United Medical sector. Ada will serve as the honorary chairman, and leaders will be invited to attend key cities. groundbreaking ceremony.

Mussolini was already happy at this time: before the engagement, the Ciano family gave Mussolini gold and jewelry worth 10 million US dollars in the form of a betrothal gift, plus a beachfront villa, and at the same time Ada had 50 million U.S. dollars of United Group shares in her name (both Adriana and Vivian only had more than 20 million) and 2 villas. As for other ordinary gifts, they were not included in the gift list at all. Coupled with the shares and gold that had been given away before, the wealth owned by the Mussolini family now exceeds 100 million US dollars, which is enough to rank among the top ten richest people in Italy.

Vivian and Adriana were also invited as guests. Since they had been mentally prepared for it, they still had a blessing attitude. The only heartbroken person was Monica, but she was also responsible for logistics. In reception and other work, I just hold on to my emotions and even smile while working.

In the evening, the banquet hall was crowded with guests and guests. She did not go to the dinner. Instead, she hid in her room and cried. But Agnes found her soon.

"Silly boy, why are you crying?"

"Madam, I am not engaged for myself, I am engaged for the president... I cried with joy." Monica said insincerely.

"Don't lie to me, do you really think I can't tell?" Agnes smiled, "Come here, I have something for you..."

Monica rubbed her eyes that were red from crying and walked over timidly. Agnes took out a beautiful jewelry box from her purse, then gently took out a ring and put it on Monica's left ring finger. . Monica was very surprised that this was a etiquette only for girls who were engaged or married. She did not believe that the lady would make a mistake.

"Do you like this ring? 4.8 carat limited edition, only 2 in the world!" Agnes smiled, "One is worn on Ada's finger. You should have seen it when we exchanged it just now. I will wear the other one. On yours, of course, the pattern will be a little different for me to see. It looks really beautiful with your slender fingers."

Monica lowered her head: "Madam, this gift is too expensive, I can't have it!"

"This is not a gift from me. This is a gift from Calais, brought back from the United States..." Agnes magically took out another box and hung a diamond necklace on Monica's head. on the neck, "This is Crystal Tears. I ordered 4 sets, each set is worth 90,000 US dollars, and each of the four of you will have one!"

"ah!"