Chapter 104: News from the United States
The day after the meeting, Tang Bao packed his luggage and boarded the flight back to the United States with the reluctance of his mother and sister-in-law.
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More than a dozen hours later.
Call.
Walking down the gangway, Tang Bao took a few breaths of air, and his body and mind suddenly relaxed, this is the fertile ground for him to play his best in business.
"Here, Xiaobao!" Suddenly, someone shouted.
Look at the source of the sound.
Tang Bao couldn't help but talk secretly, his mother and sister-in-law really regarded him as a child, and asked Aunt Qing to pick him up. He didn't tell Xu Qing about his return to the United States, but now that she showed up at the airport to pick up the plane, there is only one explanation, it must be that his mother and sister-in-law are not at ease and notified Xu Qing in advance.
"Aunt Qing!"
Dragging the suitcase, Tang Bao walked over and said with a smile. Seeing Xu Qing stretching out his hand to come over and get the suitcase, Tang Bao refused politely, "No need, I'll just come by myself, it's not heavy." β
"Well, that's good. My car was outside and I couldn't get in. I still have to walk a few hundred meters......" Xu Qing looked at Tang Bao, who had already overtaken her, and did not force it.
After getting in the car.
"Xiaobao, are you going to go directly to the school or do you want to go to my place first?" Xu Qing started the car and asked.
I thought about it for a moment.
Tang Bao said: "Aunt Qing, I'll go to the school to register first." This time, I delayed a lot of time in China and asked the school for leave again. I need to go back to the holiday as soon as possible......"
"Okay."
Xu Qing replied and began to turn around.
"Hey, you're not at ease anywhere now, and when you go back to China to make such a big mess, it's not a small move in the United States."
"Huh? Aunt Qing, what are you referring to? You also know that domestic communications are not very developed, and they are entangled in various things, and during the time they returned home, they did not pay attention to the situation in the United States at all. Could it be that something is going on? Tang Bao heard Xu Qing's emotion, so he asked with a smile.
He's not in a hurry.
Even if something happened, Horst didn't tell him, probably because he thought he could solve it and didn't want to trouble him with everything.
"Huh? You still don't know? Xu Qing asked in surprise.
"It's really not clear. Whether it's the Phoenix Investment Group or the recently acquired Southern Company, I have delegated power to professional managers. Tang Bao replied. However, if something happens, he can basically be sure that there is something on the side of Phoenix Investment Group, because of the needs of Fule Supermarket, he and Nick have talked on the phone several times, and it is clear that the situation of the American Southern Company is normal.
"The newspapers are reporting like crazy. Phoenix is in contact with Morgan Stanley and Goldman Sachs to buy a stake in BP Oil......"
BP ......
Hearing these key words, Tang Bao couldn't help but be surprised, it seems that Phoenix Investment Group has not been involved in oil and energy stocks before, and even if it is occasionally bought, it is only a short-term position. Because of the decline in oil prices in the past two years, the profits of oil stocks are not ideal, and the purchase of more oil stocks will also cause trouble.
Tang Bao kept thinking in his heart. Wondering, how could Horst suddenly want to get involved in the stock trading of BP oil in the UK? If you contact institutions like Morgan Stanley and Goldman Sachs, the number of shares traded will definitely not be small, otherwise you can buy them directly on the exchange.
I thought about it for a long time.
Tang Bao didn't even understand. I just don't want to.
About forty or fifty minutes later, Tang Bao finally returned to the campus of Columbia University. Xu Qing sent people to the ground, so she drove back directly, and she was also very busy.
Because I was worried about the Phoenix Investment Group. Tang Bao threw his suitcase directly into the dormitory, and after running to sell the vacation, he hurriedly bought several popular newspapers such as Newsweek, the New York Times, and the Wall Street Journal. A quick glance. The news of Phoenix Investment Group's purchase of BP shares occupied a large area and was wildly hyped by various media......
"Wall Street's cutting-edge Phoenix Investment Group has entered the oil market with incomparably ambitious ambitions! It is reported that in the past few days, Horst, president of the Phoenix Investment Group, has had frequent contacts with Morgan Stanley, Goldman Sachs Group, and other institutions to discuss the acquisition of shares of the British BP oil company. Morgan and Goldman Sachs, both lead underwriters of BP oil in the US market, are facing pressure on liquidity due to the backlog of BP oil shares in last year's stock market turmoil, and Phoenix Investment Group may be able to help them get out of the predicament. βThe New York Times.
Goldman Sachs and Morgan Stanley have found their saviors, and according to reliable sources, their holdings of BP oil company are expected to sell for a good price, and the buyer is the up-and-coming Phoenix Investment Group. The two sides are close to reaching an agreement on the deal......" - Newsweek.
"A dark horse is quietly emerging in the capital market in the oil field, are you ready? Recently, Phoenix Investment Group is in the process of acquiring shares in BP Petroleum in the United Kingdom, with the intention of gaining a place in the oil and energy sector. Some analysts said that it is not ruled out that Phoenix Investment Group may use this as a springboard to enter the field of oil investment in a big way. It may even take a direct stake in an oil company! -- New York Daily News.
"A few days ago, due to the impact of the harsh environment in the financial market, BP's share price has been depressed for a long time, and it is reported that BP intends to seek new investors to improve market confidence. Phoenix Investment Group is well-capitalized and can accept higher prices, and it is a potential investor that BP is optimistic about! βThe Wall Street Journal.
"Phoenix Investment Group is quietly acquiring BP. According to reliable sources, Horst, the president of Phoenix Investment Group, had a secret conversation with a mysterious investor in the Middle East and secretly formed an alliance in an attempt to control Britain's largest oil company! -- Business Week.
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It's messy enough.
After reading a few newspapers, Tang Bao only felt a mess in his head, and he was dizzy, and he didn't know which was true and which was false.
"It's a pity."
Tang Bao was silent for a while, and said softly with a little regret. He seems to have missed the perfect opportunity to buy BP shares!
Now.
Tang Bao couldn't help but recall the information about BP.
As far as he knows, BP is the largest energy company in the United Kingdom and one of the major oil and energy giants in later generations. However, its growth process was not smooth, and when it was carrying out its IPO, it was very unfortunate to encounter the unprecedented "Black Monday", which fell below the issue price as soon as it was launched, and even fell again and again, and no one cared about the stocks held by investment institutions for sale. This not only hit the rise of BP. As a result, the underwriters involved in the underwriting of BP shares may face heavy losses.
Then.
BP's underwriting price is around Β£3.30, and the underwriters only need to pay Β£1.2 in cash in advance, while the rest can be deferred, meaning that the underwriters are responsible for the deferred payment. If the market is trading at a share price higher than the underwriting price, they will make a lot of money, and below the underwriting price, they will need to bear it themselves. Unfortunately, they were unlucky and hit "Black Monday", and the stock price fell to only a few tens of pence.
It's obvious.
No one would be foolish enough to buy BP shares from underwriters at a price several times higher than the market price. Even individual investors who have made an appointment before have broken their contracts. At this time, the underwriters were facing huge losses, including Rothschild and Warburg in the United Kingdom, Goldman Sachs, Morgan Stanley, Salomon Brothers and Lehman in the United States.
Arguably.
At that time, whoever could stand up and eat the shares of BP at the underwriting price was the savior of Goldman Sachs, Morgan, Huabao and many other investment institutions.
Their friendship will be harvested too!
Pity.
At the beginning, Tang Bao was still buying stocks in Japan, and after returning to the United States, he was bombed indiscriminately by the news media. Not to mention frankly. His attention has always been focused on the United States and Japan, and he has not thought about BP as a potential stock.
Alas.
After planning for so long, I still missed a big fish in the end.
But.
Thinking of BP's share offering, the entire UK government has been following suit. Even if he could seize the opportunity, he wouldn't have a chance to eat all the stocks.
If he remembers correctly, it seems that the Kuwait Investment Authority took advantage of the extremely low share price of BP to increase its stake in large quantities, even exceeding 20% at one point. But these shares were not kept. Soon he was interviewed by the British government and forced to reduce his holdings until it was reduced to less than 10%.
A mystery investor in the Middle East mentioned in Business Week. Nine times out of ten, it's the Kuwait Investment Authority!
"Whew...... I wonder if Horst actually had contact with the Kuwait Investment Authority? Hopefully, this news is just made up. β
Tang Bao thought secretly.
At this time.
The British government is very wary of national capital, and if it is suspected that Phoenix Investment Group has an ulterior secret alliance with the Kuwait Investment Authority, perhaps Phoenix Investment Group will be banned from buying shares in BP. Although there was no such law, Tang Bao had no doubt that the British government would dare to do so.
Tang Bao thought as he walked towards the Phoenix Investment Group.
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Arriving at the headquarters, Tang Bao went straight to Horst's office, desperate to find out what was really going on.
After knocking on the door a few times, Tang Bao walked in.
"Ah, boss. When did you get back? When Horst saw Tang Bao walking in, he quickly got up and walked around the desk, and said in surprise.
Tang Bao smiled and said, "Just arrived." β
"Boss, you're trying to ask me about BP?" He poured a cup of hot water himself, handed Tang Bao, and then asked.
"Huh? Why do you ask? β
"Hey, hey. It's basically been hyping up this matter these days, and the boss has a few newspapers in your hand, it's not hard to guess. Horst said.
"Not bad. I rushed here for exactly that. β
"Boss, none of the news reported in the newspapers is true...... "Horst waved his hand, making a very innocent look. (To be continued......)