Chapter 498: Be cautious when entering the market
Activision Blizzard took out more than $8 billion and bought itself back, ending more than a month of strife. Several giants www.biquge.info looked at each other, and they hadn't come back to their senses, which was embarrassing.
When Blizzard announced the buyback plan, the market, without exception, was not optimistic. Activision Blizzard's market capitalization is too high, and if it wants to take back a controlling stake from Vivendi Group, it needs to use nearly $10 billion, and Activision Blizzard simply can't take out that much money.
Activision Blizzard's product structure is very simple, and it can't compare to those giant companies that take the path of diversification. Unexpectedly, the head of Blizzard persuaded the investment funds to get up to $8.7 billion for the repurchase of shares as collateral for future profits.
The shadow of the tree, the name of the person, Activision Blizzard took back its controlling stake, which was quite positive news for the market, and the stock price jumped 8% in one day.
Vivendi Group retains a 12% stake and has also benefited from the rising share price. However, Vivendi should not have much time to enjoy the dividends of Activision Blizzard, and the independent Blizzard will definitely clear the shadow of Vivendi Group as soon as it stabilizes.
After a carnival, there was a lot of chicken feathers left behind.
The pit dug by Qiao Busi, Du Jiayi did not jump into it out of vigilance, and was spared. If anyone does not offend me, I will not offend anyone, but if anyone offends me, I am more offended than others.
Originally, it was just an ordinary competitive relationship, but Qiao Busi came to such a set, if Du Jiayi didn't say something in return, it would really be a cowardice.
Qiao Busi had a ghost in her heart, and after Du Jiayi's attitude was cold, she faintly felt that Du Jiayi had noticed something. Because he didn't know that Du Jiayi had official channels, he thought that Du Jiayi was just guessing and had no evidence.
In the United States, it's all about evidence. Even if Du Jiayi exposes Qiao Busi's intentions to the media, it will only be used as a small gossip after dinner, and there will be no court to accept the lawsuit at all.
Of course, Du Jiayi would not be stupid enough to use the purchased news as evidence, but it involves bribery.
In a short period of time, Du Jiayi absorbed the shares of Apple in the stock market, worth hundreds of millions of orders, so that the stock price of the fruit company rose one after another.
Du Jiayi is openly using the account of Yijia Group to absorb the shares of the fruit company, and the fruit company has no way to stop it.
Qiao Busi vaguely felt Du Jiayi's intentions, and wanted to mobilize funds to increase his holdings of shares in the hands of the fruit company, so as to deal with the malicious selling that Yijia Group might have.
It's a pity that Qiao Busi is only the president of the fruit company, and if he wants to mobilize funds into the stock market, he needs the authorization of the board of directors.
As soon as the board of directors met, there was endless ruffling, some supported Qiao Busi, and some felt that Du Jiayi was just a trivial matter and there was no need for a chance.
Joe waited resentfully for the board's decision, and Du Jiayi closed the acquisition.
When the stock price of the fruit company began to rise with a smooth broken line, many retail investors followed the pace of Yijia Group and wanted to drink soup.
Although many investment banks on Wall Street have issued warnings, this cannot stop the soaring stock prices of fruit companies.
When it reached a new height, Yijia Group stopped buying and began to sell shares in large quantities. The folded line of the stock price seems to have been smashed and bent, and it began to dive sharply.
The retail investors and small funds who followed the purchase did not have time to react, and they still wanted to eat the list that was put out. However, in the face of Yijia Group's successive sell-offs, retail investors and small funds could not bear it at all, and the stock price plummeted.
Why is it often said that the stock market is risky and you need to be cautious when entering the market? It is because the rules of the stock market are for large investors, and the risk for retail investors is too great. It's okay to encounter a bull market, and rub some scraps behind the big households. If the stock market goes down, the first to offset the risk is the retail investors.
Large investors have abundant capital and have the ability to resist risks, while retail investors will lose all their money once they have risks.
The stock price is of great significance to a listed company, which can greatly affect the company's operations and creditworthiness. Yijia Group's massive stock sell-off caused the fruit company's share price to fall by 5 percent, a terrifying drop compared to its market value of $100 billion.
The decline in the stock price is the shrinkage of the directors' worth of assets. Suddenly, the board meeting stopped arguing, and unanimously agreed to Qiao Busi's plan to mobilize funds into the stock market and maintain the stock price.
While Qiao Busi was still mobilizing funds, Yijia Group began to buy shares of Fruit Company again, seemingly wanting to absorb back the shares sold yesterday.
With yesterday's experience and lessons, the stocks that were not sold in time were sold to Yijia Group, and no one dared to drink soup with Yijia Group anymore.
Yijia Group entered the market for the second time, Qiao Busi smelled the smell of conspiracy, and while competing with Yijia Group for the shares in circulation, he found an investment bank on Wall Street and asked for help.
Although the fruit company has a finance and investment department, it is too poor compared to Wall Street. Wall Street is the paradise of finance and capital, gathering the top economic talents in the United States and even the world.
The first $500 million limit of the Fruit Company's board of directors was exhausted after only two days, and Joe had no choice but to submit another application to the board of directors.
The Wall Street news came as a surprise to Joe, and Yijia Group has mobilized at least $2 billion in capital to snipe at Apple's stock price. Yijia Group is the attacker, and if the fruit company wants to defend, the funds need to be at least double that of Yijia Group, that is, 4 billion US dollars, in order to be able to give Yijia Group a hard blow on the basis of maintaining the stock price.
Otherwise, the fruit company could only watch the Yijia Group act recklessly, and then retreat peacefully.
After reading Wall Street's report, the board of directors scolded Yijia Group, and then reluctantly approved the capital increase plan.
Joe is fed up with the protracted board, Wall Street has made a clear bottom line of $4 billion, and the board of directors only agreed to $2 billion in funding, which was directly discounted.
2 billion against 2 billion, Yijia Group is still the party that takes the initiative to attack, and the fruit company can only passively defend, and only hopes that Yijia Group will accept it when it sees good.
Qiao Busi and Du Jiayi have also been in contact, and they belong to the kind of paranoid and undying character. After discounting the funds and wanting to push Du Jiayi back, Qiao Busi had no confidence in his heart.
However, the board insisted that it was enough, and Qiao Busi did not bother to persuade again. In the final analysis, in this company, Qiao Busi just hung up the title of president, and only had a few pitiful shares. (To be continued.) )