Chapter 292 Mergers and acquisitions come to an end
(Note: After careful consideration, because of the large-scale wedding, high-end figures from foreign political and business circles will appear, and some domestic big shots will inevitably appear, which will involve the appearance of the government and police with great fanfare. After repeated consideration, I gave up this idea, so in
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"Wow, so awesome!"
When Wang Yaocheng saw the London report, he couldn't help blurting it out.
He also didn't expect that the results would be so brilliant. The operation of large funds is often measured in years. He didn't expect that Richard Terrill was so considerate and specially found a fool from Chicago. As a result, everyone was fooled.
When there was a heated exchange between the two sides on the London Stock Exchange;
The stock price of HSBC Bank was running at a high level, and the price was lifted up by large buy orders from time to time. Any millions or even tens of millions of shares listed above were short-sold, and the coalition forces did not hesitate to sweep them away. Their strength was astonishing.
This round of bastard punches was so convulsive that people thought some mysterious big consortium had entered the scene, and everyone was confused.
As a result, experienced investment funds and speculative funds in London all misjudged and were dragged into the water.
Wang Yaocheng laughed so hard that his teeth were gone; "Awesome, really awesome! This decentralization of a big satellite, the average price of reduction of holdings can reach 3.42 pounds per share, wow, this is a huge profit, what a gift!"
Wang Yaocheng thought about the Royal Family Fund's request to respond, and still placed restrictions on the emails he sent back;
You can take the low position and don't chase the high position.
Although this limits the operational capabilities of the royal family fund, Wang Yaocheng has his own ideas;
Without the concept of mergers and acquisitions, HSBC's stock price will not recover for a while. At least it will give funds of all sizes time to lick their wounds, and there will still be opportunities to buy stocks at low prices.
Grind slowly in a low position, don't rush anyway.
BlackRock Group has suffered a lot from this battle. Wang Yaocheng has no interest in helping them out, and those fools have no ability to push the stock price up again.
Without the concept of mergers and acquisitions and the support of performance, pushing forward forcefully, without any room for imagination, and treating others as fools will only lead to an ugly death.
What's more, it's already January 1997, so we need to prepare more funds to survive the cold winter.
Samsung Road's most famous "counter-cyclical and counter-growth", here comes my buddy, haha!
London
After the stock exchange opens on January 9
The much-anticipated HSBC stock jumped from 2.68 pounds per share to 2.42 pounds and opened at a low of -9.7%. It plummeted into the abyss along a steep downward curve, breaking through the 2.4 and 2.3 pound integer marks along the way.
, there was strong support between 2.23 and 2.25 pounds, and the stock price fluctuated slightly.
Five minutes before the market closed in the afternoon, a huge amount of selling suddenly appeared, and the stock price instantly broke through the integer mark of 2.2 pounds and 2.1 pounds, and finally barely maintained the psychological mark of 2 pounds per share.
January 10
It consolidated slightly and always maintained the psychological mark of 2 pounds per share.
During this period, there was a strong counterattack, but it ended up being fruitless due to heavy selling pressure. A long negative line was left on the daily K-line chart, and the trading volume increased again.
January 11
HSBC stock opened lower with a slight gap. After opening at 1.96 pounds, the stock price fluctuated repeatedly around 1.96 to 1.89 pounds. The trading volume increased sharply, and finally plummeted after heavy selling pressure.
At this point, BlackRock Group has basically given up resistance.
At the end of the day, HSBC shares closed at 1.67 pounds per share.
January 12
Royal Family Fund once again issued a shareholding reduction announcement, reducing its shareholding from 7.54% to 4.43%, a decrease of more than 3%, reminding market participants to pay attention to risks.
At this time, the news that the Royal Fund was reducing its holdings and leaving the market was completely confirmed, and the hope of waiting for the next wave of reinforcements was infinite. Many funds and investors began to cut their flesh and go out.
The swarming selling pressure pushed the stock price back to its original shape, and the stock price fell miserably.
A week later, the share price closed at a low of £1.16.
It was like being on a roller coaster;
HSBC's market value has experienced a peak of 38.2 billion pounds ($60 billion) and has returned to a trough of 11.6 billion pounds ($18.2 billion). Such a low stock price occurred three years ago, and it is simply unbearable to look back.
Because Richard Trier, the group's vice president and senior partner, caused heavy losses to the group, he has completely liquidated his shares, no longer holds any position in the group, and will be held accountable for relevant financial responsibilities.
A serious debt default problem broke out in the Chicago Krone family, with book capital losses exceeding US$1.89 billion. Relevant banks have successively pursued debt collection. Its century-old Esmark Corporation and United Food Company, as well as ten other joint meat processing companies, have all been demanded by creditor banks.
take over.
The reckless behavior of George Crown from Chicago caused irreparable heavy losses to the family. Most of the funds he brought to London came from bank mortgages.
Even white old-money families don’t keep huge amounts of US dollars in cash at home.
According to the money nature of these white people in Chicago, most of them will buy land or invest in fixed assets, which are good collaterals that banks like.
The problem is, land in the United States is not valuable.
Millions of hectares are worth less than 1 billion U.S. dollars. Banks no matter where they are have always promoted the high and suppressed the low to reduce their own losses.
Otherwise, even medium-sized regional banks would not be able to withstand such a huge loss.
A sudden loss of 1.89 billion U.S. dollars, and the annual interest is 90 million U.S. dollars. How much grain will be grown and how much pork will be sold?
When the news came back, other Chicago conglomerate families immediately felt chilled. Everyone expressed that they were not familiar with the Krone family and cut ties one after another.
There is definitely no way to save the Krone family if they fall into the water. If you reach out at this time, you will be taken down with them. At least the bank will keep a close eye on the family. It will be difficult to obtain loans to expand production.
The collapse of the century-old Krone family really shocked everyone.
Finance is too dangerous and cannot be played by ordinary people.
In mid-February, HSBC held a shareholders' meeting, but Royal Family Fund did not send a representative to attend.
After shareholder election;
Lawrence, vice president and senior partner of BlackRock Group, serves as chairman and president of HSBC.
Senior Partner Nowell serves as Vice Chairman and Chief Executive Officer of HSBC.
Senior partner Mr. Smith serves as the CEO of HSBC and firmly controls the overall management of HSBC.
The Eaton family and the Humphrey family of the Cleveland consortium each hold two board seats. After paying a heavy price, they have a considerable say.
The shareholders' meeting of HSBC did not boost the stock price. Instead, the stock price fell in response, further falling to the dismal level of 1.05 pounds per share, and the trading volume shrank extremely.
In this operation, although the equity of the Royal Family Fund further declined, in fact, the scattered equity was controlled by other institutions under its command, and a lot of it was collected when the meat was swarmed out.
In the final statistics, the main trading seat of the Royal Fund holds 4.43% of the equity, and all other seats add up to 6.02%, totaling 10.45%, which is quite impressive.
Because these bargaining chips are cheap, the overall amount of funds on hand is still as high as 9.317 billion pounds, or 14.637 billion US dollars.
In accordance with the fund allocation order, the London office transferred 8.5 billion pounds back to the Hong Kong headquarters, leaving only 817 million pounds in London, which was earmarked for slowly absorbing HSBC shares at the bottom.
The time is tentative; one year.
Most of the staff also evacuated London, leaving only Deputy Director Macaulay King's team to implement the long-term bottom-absorbing plan.
The first HSBC merger plan came to an end. Although the purpose of the merger was not achieved, the ending was perfect.
According to the established rules in the financial industry, Royal Fund generously rewarded relevant traders and created a number of billionaires, of course, in Hong Kong dollars.