Chapter 396: Will the Joaquin Capital Building Fall? (Ask for a subscription, ask for a monthly pass)
The capital market of the beautiful country has always been surging.
It is accompanied by countless games, but they are often evenly matched, and then one side is careless and regrettably loses.
The common means of capital are nothing more than selling and lowering the stock price, and then buying at a low level to make a certain profit, or reversing the operation to raise the stock and have to quickly sell the stock and leave the market, and in addition, it will also use some public opinion to affect the stock price change.
If the two sides are almost the same, it is often the details that determine success or failure.
However, this time the situation is different, the power of capital is concentrated on United Airlines stocks, and several consortiums encircle and suppress Ji Cheng.
The joint strength of several consortia is far beyond that of Huajin Capital, coupled with the lack of liquidity of Huajin Capital, it is impossible for the consortiums to join forces after the opponent.
Unilateral torture.
Yes, it is the consortium that unilaterally tyrannizes Joajin Capital.
In just three or four days, United's stock price continued to fall.
The closing price of the second day fell to $11.76 from $12.26 the previous day.
On the third day, United's stock price fell to $11.21!
On the fourth day, United's closing price was only $10.98!
On the fifth day, United's closing price was fixed at $10.53!
In just four or five days, United's stock price has fallen from $12.92 to $10.53, a drop of $2.39 per share, a drop of nearly 18.5 percent!
The $100 million that Huajin Capital smashed on the first day lost $18.5 million.
The next day, the $100 million that was smashed was a loss of 14.4 million.
The third day was a little better, but it was a loss of about $105 million.
In the next two days, it was more than 10 million.
In other words, Huajin Capital has lost more than $50 million in United Airlines stocks, which have invested $500 million in five consecutive days.
The key United share price is not yet on a plateau.
Now there are only two options left in front of Huajin Capital.
Either grit your teeth and prefer to lose more than $50 million and leave the market, which seems to be the best option, after all, no one knows if United's stock price will continue to fall.
Either they will continue to hold the stock, and if United's stock price continues to fall, it will lose even more at that time.
Will United shares continue to fall?
Shareholders may not know the answer, but capital must know!
Answer: As long as Huajin Capital does not cut the flesh and leaves, it will continue to fall!
The major contributaries watched the reaction of Huajin Capital with a smile and silence, and the consortia that did not contribute also watched Ji Cheng's counterattack.
Everyone wanted to see how Ji Cheng would deal with this encirclement and suppression.
If there is no action, if the money invested by Huajin Capital in the stock market is really gone, then the major subsidiaries of Huajin Capital will suffer an impact, and then the attacks of the major capitals, there is no liquidity to resist, and Ji Chengke can really only give the major subsidiaries to others.
……
Ji Cheng hasn't reacted yet.
Joaquin Capital was in chaos first.
"Did you hear that?"
"What?"
"The company's stalls are too open, and now there are no funds!"
"I thought what was the matter, isn't that something that everyone knows?"
"There is one thing you must not know, this time the company is really going to have a big incident."
"Huh? Let's talk about the big things. ”
"yes, tell us about it."
"I was just passing by Mr. White's office and I heard him talking to Ms. Green about financing his subsidiary."
"Hey, what is the financing of its subsidiary, maybe for listing?"
"No, you don't understand, the company means to sell a certain percentage of the equity of its subsidiaries, but the asking price is relatively high, higher than the market price."
"Fack! Do you really want to sell the equity of the subsidiary? If there is more equity transferred, the subsidiary will not be under the control of our company, and it will not be called a subsidiary, but a shareholding company. ”
"That's what I heard, but I don't know how."
"It's over! Finished! I'm afraid the company really won't be able to survive this time. ”
The employees of Huajin Capital are panicked, and no one is worried if they are just simply financing, but this equity transfer is different, and it is clearly the rhythm of selling the company.
Ji Cheng had just established more than a dozen subsidiaries before, and had cross-shareholding with many large enterprises, on the surface, it seemed that he was going to do a big job, but when the news spread just now, everyone thought it was not so simple after careful analysis.
Why?
This is because the biggest advantage of cross-shareholding is that it can increase the value of the company, followed by diversification to reduce financing costs, prevent hostile takeovers and strengthen inter-firm alliances.
The employees of Huajin Capital carefully summarized a series of events that are currently happening, and Ji Cheng is afraid that the purpose of cross-shareholding is not to develop the enterprise at all, but to sell at a high price!
"I'm afraid the company is really going to sell this time, what should we do?"
"What else can I do? Find a way out as soon as possible, don't wait until the new boss comes and it's too late to lay off employees. ”
"Yes, I heard that Merrill Lynch is recruiting, go and see it in the afternoon."
The employees were a little afraid that the company would sell and lose their jobs, so they began to think about finding a good job in advance.
Steve. White and Sophia. Green and other company executives also heard the rumors, and even at this moment, they who had always worshiped Ji Cheng as a god began to question, wondering if it was really as everyone said, Ji Cheng had done so many things before just to sell the company.
……
Even Huajin Capital thinks so internally, let alone the outside world.
Of course, ordinary people must not know the internal situation of Huajin Capital, and the consortium is different.
A message was quickly passed on to the various consortia.
"Huajin Capital released news and is ready to accept financing."
"Financing?"
"Ostensibly financing, it's actually a sale of equity in a subsidiary."
"Really? Does Huajin Capital sell equity? ”
"Oh, the head office doesn't sell, but I've heard that even their core business, Huajin Bank, is ready to sell a certain amount of shares."
"What? Didn't Huajin Bank just buy the beautiful national savings bank and reopen for business? This has just been acquired, and is it going to sell the equity again? What is Ji Cheng's idea? ”
"Maybe the industry is too open, and the funds can't keep up all of a sudden, so we can only sell equity to maintain the company's business to continue to develop."
The equity of Huajin Capital's subsidiaries to sell equity has spread all over the world.
The major consortia were puzzled and at the same time, they were also excited.
If they can obtain the equity of Huajin Capital's subsidiaries, they will not only have the hope of blocking Ji Cheng's industry, but are more likely to use these subsidiaries to cross-hold shares with various companies under the Boston consortium, and invade the Boston consortium with capital like a vine.
After all, the cake is so big!
If you can bring down a consortium, it will definitely be beneficial and harmless to other consortiums!
It was under such circumstances that the major consortia began to move!
"Inquire about how much equity Huajin Capital's subsidiaries are ready to sell and how much they are asking for."
"As long as they're not asking for too much, then pay for it."
"Go and contact Joaquin Capital and listen to their asking price."
One consortium after another gave orders, and their respective financing departments began to operate.
……
Previously, Huajin Capital had just been exposed because Ji Cheng had won tens of billions of dollars in the futures market, and everyone thought that it would ride the wind and waves and grow into a supergiant.
But at this moment, because of Ji Cheng's "wrong decision", Huajin Capital fell into a crisis, and countless capitals were eyeing Huajin Capital and wanted to swallow it.
Of course, Ji Cheng knew about the news.
He deliberately made Steve. White released these messages for a purpose, not just to confuse his opponent, he was also ready to put on a good show of white wolf with empty gloves.
Huajin Capital.
Because tomorrow I will start traveling around the world and start to negotiate with major airlines, today Ji Cheng came to see how the company's preliminary work preparations are.
As a result, before Ji Cheng entered the company, he was blocked by a group of newly recruited executives at the gate.
Interim President of Huajin Bank, Kenneth. Lewis said to Ji Cheng excitedly: "Mr. Cheng, you can't sell equity!" Don't sell equity! ”
Ms. Bruce, the president of Huajin Financial Management Company, also recently joined the company, and she also said bitterly: "Mr. Cheng, Huajin Financial Management Company has just merged with Blackstone Financial Management Company, and its industry is vibrant, and it will definitely be able to make a difference in the future. ”
"Yes, Mr. Cheng."
"The company's current development prospects are very good, but the lack of liquidity, this is actually not a big problem, as long as the head office buys United Airlines shares on the stock market, there is more than 400 million US dollars for us to support for the time being."
"As long as you get through this period of capital shortage and the subsidiaries are on the right track, we will definitely be able to make a lot of money for you, and there is no need to sell equity."
"Yes, Mr. Cheng, as long as we sell the United Airlines stock, we can get through the difficulties."
The presidents of subsidiaries such as Huajin Trust Company, Huajin Insurance Company, Huajin Securities Company, Huajin Petroleum Company, Huajin Colt Manufacturing and Huajin Food all came, and they surrounded Ji Chengtuan, and everyone was very excited and excitedly persuaded Ji Cheng not to sell his shares.
In fact, they are not the only ones who came, Li Kai of Huaying Entertainment, Jim Lee, the current interim president of Huajin Venture Capital Company. Breyer was also there, but they were relatively early with Ji Cheng, even if they had doubts in their hearts, they were not as excited as other senior executives who joined later.
It's just Kai Lee, Jim. Breyer and the others were also full of puzzlement in their eyes.
Everyone doesn't understand that the company's liquidity situation is so bad, why must all the liquidity be smashed into the stock market to buy stocks, and the key is to buy when United Airlines plummets.
Yes, most of the large companies in the beautiful country have one way to buy stocks, and not only buy one company, for example, Warren Buffett's Berkshire Hathaway has a lot of shares, even in the modern society, 70% of the company's shares are mainly concentrated in four companies, with a shareholding value of $15.2 billion, Apple $111.7 billion, $24.9 billion and Coca-Cola $19.7 billion.
In addition, a super-conglomerate family like the Rockefeller family controls a wealth of hundreds of billions or trillions of dollars, half of which is the stock it holds!
It's not uncommon for large companies to hold shares in other companies.
But the problem is that you first have to make sure that your company has liquidity.
Temo Huajin Capital has no money, all the money is used for cross-holding, what the subsidiaries are currently lacking is not money, but time development, you want to sell the equity of these subsidiaries with good prospects in order to obtain liquidity at this time?
Why invest in the stock market when you want liquidity? And lost tens of millions of dollars and refused to cut meat?
This is what everyone doesn't understand, they always feel that Ji Cheng is fooling around and forcing all his subsidiaries into a dead end.
Ji Cheng looked at the worried, excited, and indignant faces, knowing that this group of people was also thinking about the company's future development prospects, he did not blame these people, but smiled and explained in a gentle voice: "The development of the company does not have to grasp all the equity in their own hands, sometimes it is better to give a certain amount of equity, we have an ancient proverb in China called a good man three gangs, I chose to cross-hold with the Boston consortium is to let them help all the subsidiaries of Huajin Capital develop rapidly, Now that a certain amount of equity is being sold to other capital, it is nothing more than to exchange for the support of some capital, so don't worry too much. ”
Well, he's just talking nonsense.
Ji Cheng couldn't reveal the plan in his heart to everyone in detail, so he could only use this way.
Maybe it was because it made sense to hear him explain like this, and everyone calmed down a little.
Interim President of Huajin Bank, Kenneth. Lewis was still a little worried: "Mr. Cheng, I can understand what you say, but what if these capitals are not well-intentioned?" Once they get a certain percentage of our company's equity, they may take control of the company away. ”
This is not alarmist, this kind of thing happens all the time in big business.
For example, Lao Jia adopted the AB share model at the beginning, just to prevent being led away by capital, but what happened to the result? Isn't it still being held back by Evergrande to the end?
It's okay to sell equity, but before the company has developed steadily to a stable period, especially if its own enterprise is developing well, it is not a wise choice to sell equity.
Isn't it just about money?
Your company is not short of money and has the ability to make money, why should you sell equity for money?
Yes, Joaquin Capital is now in a capital shortage, but it is not without a solution, as long as Ji Cheng orders Joaquin Capital to sell the shares of United Airlines.
Ji Cheng naturally understood this truth, and said with a smile: "Don't be afraid, I have a special method, even if they get 99% of the company's equity, they can't gain control." ”
"Huh?"
"Really?"
"How can 99% of the shares not control the company?"
Everyone was a little suspicious.
Ji Cheng said mysteriously: "You'll know then." As he spoke, he pointed inside, "Can I go in now?" ”
"Yes, yes."
"Mr. Cheng, please come in."
Everyone got out of the way.
Ji Cheng was also about to enter the company, but at this time the phone rang.
He picked up his mobile phone and answered it casually, "Hello, I'm ......"
Before he finished speaking, an angry voice came from the other party, "Ji! What the hell are you doing? Are you going to drag us into the water with the Boston consortium? ”
Belch!
It's Edward. Moore. Kennede.
Ji Cheng couldn't help but smile, and said in his heart that after all, this is the current supreme commander of the Boston consortium, and it is not so easy to get it, if the Boston consortium withdraws shares at this time, the plan he has carefully designed for a long time will fail.
Look at me in 1988 Jackie Chan.8.2... m。 :