Chapter 0361 Next Stop, The Richest Man in the Country!
At the end of 1998, when the whole group was happy about the leapfrog development of the ginger wine business, an incident made Wang Zheng frown. Pen | fun | pavilion www. biquge。 info
That is, the stock price of Wangjia Co., Ltd. plummeted, and it was a very large decline in a very short period of time.
From mid-November 1998, the share price of Wangjia Co., Ltd. soared to about 78 yuan and 3 cents, and then sideways for about half a month, and then from December, it took half a month for the stock price to halved.
It is clear that someone is sitting in his own joint-stock company, and now he is cutting leeks.
As soon as the stock price of the joint-stock company plummeted, a large number of shareholders who had suffered losses called the Wang family joint-stock company one after another, crying for their fathers and mothers, as if the Wang family owed them money.
In desperation, the Wang family joint-stock company was busy publishing news in the "Securities News" at the end of December 1998, clarifying that the operation of Taohualing shares was all good and there were no problems.
However, the published clarification news did not work at all, and the stock price of Wangjia Co., Ltd. pulled a daily limit the day after the news was released, and then began the next day, directly opening a low of five points, and then closing down by eight points. In this way, all the investors who entered on the day of the limit were all locked up again.
In the following week, the share price of Wangjia Co., Ltd. fell from more than 39 yuan all the way down to less than 30 yuan.
With the stock of Wangjia Co., Ltd. plummeting, the market is full of gossip.
Some say that the Wang family donated too much in 1998 and the joint-stock company's capital chain was broken, and there are also those who say that the ginger wine produced by the Wang family was found to be stopped in the next step, and there are even that Wang Zheng's father Wang Xiangzhong is seriously ill and will soon return to the West, and then the next step of the company will be a big change......
Anyway, none of the rumors in the market are accurate, and they are all unfavorable to the Wang family.
Wang Zheng was afraid that if the stock price of his joint-stock company continued to fall, it would affect the next ginger wine business, so he decided to take measures.
Then, in the second week after the Wang family released the clarification news in the "Securities News", the Wang family arranged for Yi Yongtao to urgently issue a news in the "Securities News" that the profits of the joint-stock company were expected to increase by 100 percent.
Last year, in 1997, the Wang family's joint-stock company went public in its first year, and then handed over a beautiful report card, with a profit of as much as one yuan and a half per share. And this year, if you increase it by 100 percent, it will be three dollars.
It is said that a small company with a total share of more than 80 million yuan and a circulating share of less than 20 million yuan is not too high. Besides, as long as the Wang family's ginger wine sells well, there is no problem with the growth of the joint-stock company.
The share price of Wangjia Co., Ltd. fell from the highest peak of 78 yuan to 30 yuan, and it took less than a month to say that it was a cliff-like plunge.
If it falls again, it will fall below the issue price.
After the announcement of the pre-increase, the downward trend was temporarily stopped, and then the stock price of the Wang family's joint-stock company tossed in the range of 30 yuan and 35 yuan for almost two months.
In his previous life, Wang Zheng also speculated in stocks, and he was a senior shareholder who had two stock market crashes, and he was close to ten years old.
Looking at the K-line chart of his company's stock price, Wang Zheng asserted that there must be some people who are speculating on their own companies.
Wang Zheng was shocked to see on the list of joint-stock companies that the name of a securities business hall had been on the list repeatedly.
This trading hall, that's famous.
The business department of the hype company is the well-known "Guoxin Tairan Nine Road" in the industry!
At its peak, it was said that the annual turnover of this sales department could reach more than 800 billion.
Moreover, the operation method of this sales department is extremely fierce, often pulling and throwing in a hurry, and then turning around and running after it is over.
The sharp rise and fall of stock prices is not a good thing for listed companies, and it is exhausting to deal with those shareholders who lose money by buying their own companies all day long.
If one day a bankrupt shareholder who lost money ran to his own company to jump off a building or something, he would jump into the Yellow River and not be able to wash it.
Therefore, Wang Zheng continued to take measures to stabilize his company's stock price.
The so-called stable stock price is to keep the stock price of your own company from too high, of course, it can't be like now, only 30 yuan.
The net assets of the royal family are now two dollars per share, and then the net profit per share is three dollars, and the price-earnings ratio is only ten times.
Compared with the Wang family's plate of only more than 80 million, the corresponding price-earnings ratio should be about 20 times to be considered appropriate.
In other words, the share price of the Wang family's joint-stock company should be more than 60 yuan, which can be considered more reasonable.
The current stock price is absolutely undervalued.
What to do if you are underrated?
Undoubtedly, then overweight!
As the major shareholders of the joint-stock company, Wang Xiangzhong and Wang Zheng can increase their holdings of their own companies' shares, but if they want to increase their holdings of their own company's shares, they must publish the news in the "Securities News".
Then, on the day when the stock price of Wangjia Co., Ltd. fell to the lowest of less than 30 yuan, Taohualing Co., Ltd. announced a news that the company's major shareholders wanted to increase their own shares.
The major shareholder must know his company best.
The increase in the holdings of major shareholders must have boosted market confidence very much.
Then over the next two months, the company's share price finally stabilized.
In the past two months, whenever there is a big order to smash, Wang Zheng will take over in time.
In two months, Wang Zheng and his son increased their holdings of a total of 5 million shares of their own stocks through the secondary market, and the average cost of increasing their holdings was about 32 yuan. In this way, the two people used a total of 1.6 billion yuan.
In fact, by the end of 1998, the total assets of the Wang family and his son had definitely exceeded 10 billion. In 1998 alone, ginger wine brought 6 billion profits to the Wang family.
Of course, worth 10 billion, he was still some distance from the richest man in the country at that time.
In 1998, who should be the richest man in the country? It is estimated that he should be the protagonist of the smuggling case in 1999, and it is said that his family property should now reach 25 billion.
It is said that the famous boss Lai monopolized two-thirds of the country's oil import business at that time, and he had the final say on the price of commercial oil in the country. NDRC? People ignore it.
Wang Zheng can't compare with Boss Lai now, he is a ginger wine seller, and he is a man with 25 billion yuan.
However, Wang Zheng believes that in less than two or three years, when the Wang family's ginger wine is sold all over the world, Wang Zheng and his son will definitely become the richest man in the country.
Wang Zheng's goal is very simple, the next stop, the richest man in the country!