Rebirth of the Financial Overlord
Vol 5 Chapter 151: Hope will make you more desperate
The shares of Sichel Industries Group plummeted by nearly 50%. Upon hearing this news, Sam Redmelin almost fell to the ground in his hand.
What a joke, it's only nine to fifteen, and the stock market only started fifteen minutes.
Without daring to delay any longer, Sam Redmelin quickly got up and followed Seth Bacon to the market trading department. When he saw the Reuters screen, he knew that he might have to make a decision.
Sichel Industries Group, 1.38, -49.89%.
"Does the people at Sechel know what's happening now?"
Sam Redmelin asked carefully.
"I called the president's office and no one answered, but the director of the board secretary department told me that President David Sechel is discussing a solution with the board."
"Have you received any news?"
"There are rumors in the market that there may be fraud in the finances of the Sechel Industries Group. Others say that their orders with Rolls-Royce were cut off..., and... ."
When asked by Sam Redmelin, Seth Bacon probably said what he had heard, but as he said, his words were cut off. It seemed that there was something he didn't know whether to say or not.
"What else?"
"I just heard people say that the Sichel Industries Group owes us a large sum of money that is about to expire. If they don't pay, they will go bankrupt."
"Water?"
Sam Redmelin looked dumbfounded. As the president of the Bank of Barings, he knew best if the Sechel Industrial Group owed them money, nothing at all.
and many more--
Suddenly, Sam Redmelin thought of something and his face became extremely ugly.
"Call Sichel right away, they must solve the current problem as soon as possible."
Seth Bacon didn't know why his boss suddenly changed his expression, but out of duty, he still mentioned the risk control problem of Sichel's mortgage of bank securities.
"Then how should we deal with this."
"If..... I mean if, then, it must be implemented in accordance with the regulations. You know what I mean. Now, call Sechel as soon as possible."
"..."
Birmingham is the largest industrial city in the UK.
This city, due to the existence of a large number of enterprises and many workers and technical personnel, is the second largest city in the entire UK after London.
Sichel Industrial Group is located in the core industrial area of this city.
At this time, the emergency plan was finalized with the board, and a smile appeared on David Sechel's face.
As the world's third largest securities trading center, the London Stock Exchange is the oldest stock exchange in the world. It contributed to the prosperity of the British economy at that time.
However, with the changes in the domestic and global economic situation in the UK, its strong conservative color, especially the inherited stereotypes, has seriously hindered the development of the UK securities market and affected the competitiveness of the factory midfield. Under this situation, Mrs. Saqier During the line’s administration, the London Stock Exchange underwent major reforms in October 1986.
For example, reforming the fixed commission system; allowing large companies to directly enter the exchange to conduct transactions; relaxing the qualification review of members; allowing wholesalers and brokers to operate concurrently: all securities transactions are computerized and linked to the New York and Tokyo exchanges to achieve 24-hour global trading.
These reform measures have caused fundamental changes in the British securities market and consolidated its position in the international securities market.
Now, with the board of directors' funding to protect the market, and the announcement of the acquisition of Rolls-Royce, I believe that the shorts in the market will be severely taught.
David Sechel has forgotten the fear he didn't want to admit before, feeling that this kind of thing is always unreliable, right?
A mere orientalist, in the land of Great Britain, is basically an ant that can be crushed to death at any time, and only the idiots at the Bank of England will be swept away by him.
With a confident smile, Sichel stood up from the chair and said to the board members present: "Thank you very much, gentlemen, for your support. I believe we will teach those international speculators a lesson."
"Oh. David, we have always believed in your abilities. Now there are no more questions."
"Of course. It's just a small problem. I can deal with it easily."
咚——
Suddenly, the door of the closed conference room was violently pushed open from the outside, and the board secretarial department, that is, the head of the securities department, Freddie Bell rushed in in fear.
"Boss. We are in big trouble."
"......"
Five minutes later, David Sechel and board members Qi Qi appeared in the market trading department.
On the huge central screen, the numbers in the handicap range reflect the dazzling red light like a river of blood, and the trend chart is like a waterfall falling from the sky, enough to blow anyone's powerful heart.
Sichel Industries Group, 1.38, -49.89%.
The confidence and calmness on David Sechel's face disappeared completely, and he grabbed Freddy Bell by the collar and roared.
"What's going on, I didn't explain that you have to stabilize the market price before I come back."
"Sir. I'm sorry, I have tried my best. But it is of no use...Bahrain Bank just called, hoping we can pay attention to market risks."
Freddie Bell rebuked and said frustratedly.
Prior to this, he had done all he could to maintain the share price of Sichel Industries, but the market was like a wild horse. No matter how much money the company invested, it could not prevent the market from collapsing.
Freddy Bell didn't know why there were so many sell-offs, but he knew in his heart that Sichel Industries might be over.
In 1983, the United States fell into a recession under the oil crisis. In order to attract the arrival of American capital, by 1986, the London Stock Exchange used over-the-counter leverage and lower commissions to stimulate the development of the capital market.
As stock exchanges open up over-the-counter market transactions, over-the-counter stock traders tend to establish positions with three to five times leverage.
When the shares of Sichel Industries Group fell to 28%, Freddy Bell had anticipated the big trouble, but it was too late.
He desperately used the 300 million pounds that the securities department could use to maintain the stock price. However, under the continuous liquidation of the market, the 300 million pounds did not hold up for two minutes, and he could only watch the company's stock sink and sink.
Ok--
A painful grunt suddenly sounded, as David Sechel walked into a shareholder in the trading department, clutching his chest, his old face wrinkled together, and slowly fell to the ground.
When a person reaches his old age, it should be a day to wait for retirement. Suddenly, his wealth has shrunk by 50%. The huge gap is no longer something people of his age can bear.
"Hughes. What's wrong with you. Call an ambulance."
"..."
In the panic, the major shareholder named Seuss was carried out.
But for the remaining major shareholders, it's like watching their fate.
"Sichel. We need an explanation as to what is going on."
"Sichel. You let us down, we trusted you so much, but you made us suffer this kind of loss."
"David. What happened? This drop is absolutely unusual."
"..."
In the face of the major shareholder and his father who said that they would turn their faces, David Sechel could no longer answer. Only a devilish whisper and a devilish smile continued to surface in his consciousness.
That frightening Eastern face, in its dark eyes, seemed to say: Go to death, bug.
"President, what should we do now."
calm!
calm!
Under Freddy Bell's inquiry, David Sechel finally used his reason to suppress the panic and anxiety in his heart. At this time, if you panic, you are really done.
A 50% drop is not without hope.
"Gentlemen, this is not the time to argue about issues. I need some time to deal with this issue. Moreover, things are not as bad as we thought."
"We still have 600 million pounds to spend. If we announce the announcement of our acquisition of Rolls-Royce Motor Industry before then, it will certainly bring in more funds to buy."
"......"
"Don't think I am just a sheep, and the green grass has become more fragrant because of me..."
Canary Wharf, Capital One Management Department.
Someone is like a bird, flapping their arms and singing incomprehensible or speechless songs, monotonous and broken voices, and idiotic and absurd lyrics.
William couldn't understand why his boss was so excited with a little profit.
Stocks are not futures after all.
The 23 million pounds built on the Sichel Industries Group, even if it falls, the profits will not reach this amount.
It's a pity that from William's point of view, he can't understand what Shen Jiannan is playing. If he knows, he will definitely be regarded as a lunatic.
The wealth is not exposed, the golden mean.
Any Chinese understand the risks that wealth brings, and they also know the dangers of being shot.
Shen Jiannan certainly understands this truth~www.readwn.com~ However, he understands even better that crises are also opportunities.
Just like a star.
Groups other than celebrity fans will think that the celebrity fans are idiots and very brain-dead, but for a certain deer's fans, they are even willing to give away their bodies, but other black fans will not scold him.
Quietly, what a great mind control.
There is actually not much difference in speculation. Wherever George Soros in the original trajectory goes, countless speculators will follow suit, and even the media controlled by the government will follow his logic to analyze him. Logical factors.
Being brought into a subjective consciousness without knowing it, it even became a tool for him to wave the flag. In some markets, there are even concept stocks with the concept of Xiang Ge. As long as Xiang Ge is released, the stock price will rise immediately.
In the financial market, if you become a god, you are truly a god.
At least, now it seems that the effect is very good.
30 million pounds, 10 billion pounds have evaporated, is there a better effect than this?
Humming songs, Shen Jiannan's smile on his face became brighter. HSBC is probably now waiting for him to return to Hong Kong to renew his insurance. At that time, he can give these guys a luxurious gift package.
But if he always plays with the British, will the British be disgusted?
"Boss. Just now, I asked my friends at Westminster Bank. They still have 60 million shares in the market department with three times leverage. It is estimated that other investment banks are about the same.
There are more than five million shares in Jiuding Bank. Other banks certainly have them. If these positions are blown up, it is estimated that Sichel will completely collapse. "
"William. You don't know the joy of trading. You have to give them hope to make the market more desperate."
""
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