Wang Ping and Sun Yang didn't speak, they just lowered their heads and listened quietly, thinking quietly about what Wu Zhongtian said. As for Lei Ming, who was walking on the far side, he was looking around and watching the people coming and going.
As for female friends, he is destined to be disappointed. After all, there are very few young and beautiful female friends who come to hang out at the stock exchange. They are all elderly uncles.
"Uh, well, Wu Zhongtian, our Tianmeng Group will retreat for a while, I think you will agree with us." Wang Ping suddenly said this.
"I know that the authorities have recently cracked down on monopoly groups. It seems that this time it is going to be serious. Because it has been said for a long time and has not been done for a long time. This time it is definitely going to be serious. Your decision is the most correct.
I also support your approach."
Wu Zhongtian said calmly as if he knew it already.
"Stock investment is all about stability, right?" Sun Yang seemed to have some insights and asked aloud.
"That's not to say, everyone wants to buy a stock with stable growth. If there are more people buying it, the stock will naturally become less valuable. Moreover, the income from this kind of stable stock is not very big, and the increase may only be 5%.
It fluctuates between 10% and 10%, which is great if you are just having fun on a small scale, but it is a bit difficult to rely on the stock market to bring down a large company."
Wu Zhongtian knew everything, and now Sun Yang and Wang Ping have become Wu Zhongtian's students.
"Well, let me tell you something so that you can understand it better."
Wu Zhongtian thought for a while and decided to tell Wang Ping and the others a specific matter so that Wang Ping and the others could remember it quickly by combining it with examples.
"Yeah, okay." Wang Ping and Sun Yang both nodded. As for Lei Ming, he spread his hands helplessly. This trip into troubled waters really shouldn't have happened.
There is a saying that once you make a mistake, you will be regretted for eternity~!!!
"Safe stocks on the stock market, such as insurance companies.
For example, ***** Insurance (Group) Co., Ltd. is ******* Group) Co., Ltd., which is a relatively typical company among insurance companies.
The abbreviation is **** Insurance, which we are very familiar with, and the full name is **** Insurance (Group) Co., Ltd. It is China's first insurance-focused company that integrates securities, trusts, banks, asset management, and enterprises.
It is a comprehensive financial services group that integrates annuity and other diversified financial businesses. Therefore, this company can be said to be dominant in the insurance industry."
Wu Zhongtian said patiently.
"The company was founded in 1988 and is headquartered in Zhenjing. **, chairman and CEO of *** (Group) Co., Ltd., was born in December 1955, Ph.D. in economics. In the 2012 salary list of China's listed companies, he
Ranked second with 9.88 million before tax. He is a legendary figure. He was just a driver in his early years. Through his unremitting efforts, he built a generation of financial giants in China. Ping An does not have a controlling shareholder. The previous largest shareholder was HSBC Group, but recently, it was transferred
It was given to the CP Group. Since there is no shareholder who can make the final decision, the team has always held the greatest power in the company."
Wu Zhongtian said.
"It's really cool. It's like a living computer." Lei Ming was shocked when he heard this. When Wu Zhongtian said this, it was as if he was copying it. It didn't look like it at all.
The narration is truly astonishing.
"The historical high was on October 24, 2007. At about the same time, ** Shares sold a huge refinancing plan of 100 billion yuan. This plan has been criticized and is called the "culprit" of the collapse of the bull market.
From my current point of view, the decision made at that time was reasonable. If there is no additional issuance of 6,000 points, should there be an additional issuance of 1,000 points?
After that, the stock price plummeted, reaching a platform around 40 yuan before taking a breather. As the stock price collapsed, the market also plummeted, and the additional issuance plan was naturally aborted.
At this time, it did not enter the scope of my attention, and almost all stocks fell like a kite with a broken string."
Wu Zhongtian said patiently.
"In 2007, with an issue price of 33.8 yuan, it went public and hit 50 yuan. Then it took advantage of the bull market and sang all the way to a historical high of 149.28 yuan. I didn't invest in a single stock in 2007, so I didn't realize this majestic market trend.
.
At that time, an investor posted a famous post on Oriental Fortune.com, "Heaven has eyes, and I actually bought it for 140 yuan." This post was very popular and received tens of thousands of replies. Unfortunately, it can no longer be found.
"
"According to my naive conclusion at the time, it was a great company and a stock worth holding for a long time. However, there are many stocks of good companies, so I had to wait for the opportunity. However, the opportunity came quietly at this time, and a major event
, became the last straw that broke it.
Back in November 2007, this Chinese company purchased Fortis Group 9501, a joint venture between the Netherlands and Belgium, for 19.6 billion.
10,000 shares. Soon, *** Insurance Company continued to increase its holdings of 4.99% of the shares of Fortis Group. The investment totaled 24 billion yuan. This move was rated as a strategic bargain hunting by many investment banking institutions, and they were even considered to have "got a big bargain."
.
In March 2008, the two parties signed a memorandum of understanding to establish a global asset management partnership. ** Insurance Company planned to acquire 50% of the equity of its asset management company for 2.15 billion euros (approximately 24.02 billion yuan). On April 2,
The two parties reached a joint venture agreement.
Later, due to the financial crisis, ** Bank's share price fell from 19 euros to less than 1 euro, and ** Insurance Company's investment of more than 20 billion yuan was in vain. The ** incident and the subsequent AIG, ** Bank's stock price changes, resulting in
Later, I have always been very wary of bank stocks. I have to say hello whether value investing means investing in bank stocks. Anyway, I don’t own a single bank stock.”
(As an aside, in many places in this chapter, *** is used to represent the name of the company, to prevent anyone from saying that I am advertising for others again. This will not affect the reading of the author’s friends)
"How's it going? Do you understand? I'm going to analyze it with examples. You should have a general understanding of what I'm talking about about stable shares and their drawbacks."
Wu Zhongtian turned around and looked at the young and steady faces in front of him with a smile.
"Well, I understand a little bit." Wang Ping said modestly, but he already understood it in his heart.
"Yeah, I understand." Sun Yang also said.
"I understand." Lei Ming also came to join in the fun.
"Wipe it. Go play in the mud, nothing will happen without you." Wang Ping scolded with a smile.
"Haha." Wu Zhongtian also had a smile on his face. Being with these young people and watching them play, Wu Zhongtian seemed to have seen his innocent self in the past, but he didn't know that the brothers he had fun with all those years were now living
How is it going? Is it as difficult as mine?
"Alas." Wu Zhongtian sighed silently and shook his head gently, forgetting these distracting thoughts.
"Let me continue telling you, anyway, I said I'm addicted today." Wu Zhongtian said in a gushing tone.
"I can't ask for it." Sun Yang replied.
"At that time, ** Co., Ltd. acquired Shenzhen Development Bank, and the stock price reached the peak of 67 yuan since the decline in 2008. However, this incident became an important reason for my "breakup" with ** Co., Ltd. Mergers and acquisitions always make mature investors nervous.
There are two purposes for mergers and acquisitions. The first is for the benefit of shareholders. Buffett said that spending 1 penny can produce more than 1 penny of benefits; the second is for the interests and reputation of the management. Obviously, a company’s
When a manager acquires another enterprise, the territory he manages expands, the number of subjects increases, the social prestige becomes greater, and the salary is higher."
"** Joint Stock Company acquired Shenzhen Development Bank in a share exchange. The stock price of ** Joint Stock Company at that time was around 55 yuan (about 65-70 Hong Kong dollars), and the stock price of Shenzhen Development Bank at that time was 17 yuan. However, in order to
After obtaining like 5% of Newbridge Capital’s shares, they actually issued additional shares to Newbridge Capital for HK$33 per share!”
“From the perspective of ordinary shareholders, this matter does not have much impact on shareholders, but Mr. Ma’s thinking is confusing.
The Fortis Bank incident has passed, and ** Joint Stock Company did not give me much margin of safety, so I sold the ** Joint Stock Company shares I held."
Wu Zhongtian speaks very quickly. As long as Wang Ping and Sun Yang are slightly slow in reaction, they will not be able to catch what Wu Zhongtian is saying.