Chapter 162 [Radical and aggressive investment style (19/73)]
The information disclosed in the interim results also announced Tiansheng Capital's investment in the primary market. It invested heavily in more than 20 unlisted companies and became their major shareholder, which surprised the market.
They didn't expect that Lu Ming would go on a buying spree in the primary market.
I can’t even understand the companies that Tiansheng Capital has invested in. When I glance at the investment targets, I can only see a mess, including architectural coatings, medical equipment, biomedicine, food processing, integrated circuits, chemicals, power supply equipment, etc.
…
No matter how you look at it, it's an investment decision made with your feet, and it's all about throwing money at it.
Not long after the financial report was released, some so-called sources in the market claimed that Tiansheng Capital had reached a deal worth RMB 17.5 billion with Marui Medical, RMB 13.5 billion with Ningde Times, and RMB 3.6 billion with YaoMingkang.
strategic investment.
This unconfirmed news also caused a sensation.
With such a waste of money, some people in the industry once joked that Lu Ming was the Sun Zhengyi of China, and stock investors directly gave him the nickname "Master Kai".
It’s so damn good, it’s really not your own money, just invest it casually?
After the disclosure of Tiansheng Capital's interim report, the companies it invested in also followed up to confirm the news and exchanged business blows. Both parties had a tacit understanding and made official announcements one after another, which was undoubtedly a solid move.
This made many founders of growth-oriented startups envious. They even went to the capital market to raise funds, and directly deceived Mr. Lu. Wasn’t it just a matter of financing?
Judging from the news disclosed by the financing company and the content of Tiansheng Capital's interim report, it is indeed enviable to many start-up companies with financial difficulties. Tiansheng Capital is a proper angel investor and only makes long-term strategic financial investments.
Most directors are appointed to represent Tiansheng's interests, and they also sign a concerted action agreement with the entrepreneurial team or the company's management team. This shows that Tiansheng Capital has no intention to interfere with the operation and management of the company itself.
In a sense, capital and the management team of a start-up company are rivals. The founder team needs the support of capital and at the same time needs to guard against capital, so it is difficult to find partners who truly trust each other.
Although Tiansheng Capital has a bad reputation due to the previous "Antian War", now it seems that it is not that bad and not as greedy as imagined.
However, the institutional LPs of Tiansheng Capital are also a little confused about Lu Ming's operation. They are too fascinated and even a little too trusting.
If you talk about investing in the industry track, it should be a wide-net investment like SoftBank. In this way, the industry you invest in is really the outlet of the future, and you can ensure that the company that stands out is not left out, otherwise it will be a waste of money.
.
But Lu Ming didn't.
For architectural coatings, I invested in Shankeshu, and made a huge bet, and other companies in the industry did not invest; for domestic semiconductor memory, I invested in trillions of innovation, and made a heavy bet, and other companies in the industry did not invest; for fingerprint chips, I invested in Huiding
Technology, and made heavy bets, and other companies in the industry stopped investing...
From the perspective of the industry, Lu Ming's operation is simply risky. If it succeeds, it will naturally be a precise bet, and the rate of return will be astonishing. But if the industry rises and the company does not make mistakes, the company that invests in it will be wrong.
A peer company has taken off, why should you be so angry that you become autistic?
This series of questions in the market are also being held back. They are all waiting for Tiansheng Capital's financial report conference call on Friday. At that time, they will have to participate and ask Lu Ming what the logic of these investments is.
Although no one understands the companies that Tiansheng Capital invests in the primary market, and the investment community does not quite recognize Lu Ming’s very radical investment strategy, thinking that there are big problems with risk management, they cannot stand up to mid-term results.
With outstanding performance, assets surged by hundreds of billions at the end of the period.
Although the skyrocketing asset prices are contributed by the surge in stocks, which means a bit of paper wealth, it is also a real surge in net assets. For example, selling the stocks of some companies held can be realized at any time. The difference is that the actual realization is more
And the problem of less.
Based on this impressive interim report, investors were very optimistic about Tiansheng Capital’s stock price on Tuesday.
On the next day, the Tiansheng Holdings call auction did not open higher, but opened flat. There was no big rise that the market expected that day, but it only rose by +1.19%, which disappointed many small and medium-sized investors.
In the next few trading days, the trend of Tiansheng Holdings is not affected by external factors as always. Today it rises by one or two percentage points, and tomorrow it will fall by less than a point, and the overall rise is more or less, and it is so leisurely.
rising relay.
Most investors couldn't help but complain about Tiansheng Holdings, but those who complained basically couldn't afford it. The reason why they complained was not without reason, because they also bought related products.
Many retail investors think that if they can’t afford Tiansheng Holdings, why not buy securities stocks?
It just happened that the first securities ETF of Big A was launched yesterday on Monday. Everyone subscribed for this on-exchange securities ETF. Buying this is equivalent to buying Tiansheng Holdings. The constituent stocks of the securities ETF are 100% allocated to Tiansheng Holdings. There is no doubt.
Many people are optimistic about the newly launched securities ETFs. There are many people buying them, and the risk is small. If you buy securities stocks, you may be lonely. If you don't buy the stocks that go up, you will buy the stocks that go down.
But if you buy ETFs, as long as the sector rises sharply, you will definitely eat meat.
As for the current securities sector, the main focus is on the expression of the newly-launched big brother Tiansheng Holdings. Yesterday, there was such a big benefit. People who bought securities ETFs were very happy and were 100% sure that they would eat big today.
As long as the big brother pulls up strongly, other younger brothers will definitely have to keep up, and the sector will rise. ETFs also need three or four percentage points, right? Otherwise, how can they be worthy of this explosive mid-term report performance?
As a result, with such a huge benefit, Big Brother surged sharply today... +1.19%? Is this what people do?
The comment section below was full of curses.
If the big brother doesn't take the lead in attacking, it will be difficult for the securities sector to improve. This requires real main funds to have the willingness to promote the market before high-level market conditions can occur. Hot money drives up some securities stocks, but they will fall back quickly no matter how high they go.
Because hot money is also afraid of being trapped, it is like making a fortune and leaving. If you want to forcefully guide funds to start a big market, the real main funds will be smashed every minute without even recognizing it.
The fact that Tiansheng Holdings cannot rise is due to its very concentrated chips and a large number of Tiantuan-level institutions gathered in it. These institutions are all extraordinary and have other functions besides investing and making money.
Except for those who don't know the truth, a small number of people have actually realized that Tiansheng Holdings cannot easily get out of the big rise, and will only follow a steady upward trend.
However, the main institutions inside have already taken one step and looked at three steps. The current brokerage sector is Tiansheng Holdings, which is the leader and forms a two-way resonance with other securities stocks. The big brother goes up and the little brother follows.
When market funds realize this, the main institutions will change their tactics and transform from two-way resonance to a seesaw effect.
In short, when the logic of the market gradually becomes consistent, it is the beginning of divergence. As for the divergence, it is really the big funds, the main players, and the big institutions that have the final say, and few small and medium-sized investors can understand this.
Not much.
At present, the capital game in Tiansheng Holdings is mainly between domestic capital and foreign capital.
Since the resumption of trading of Tiansheng Holdings, Beijing Capital has started to have a crazy net inflow every day, buying hundreds of millions every day, and at least the net inflow has not been less than 50 million in a day.
Today, the net inflow of funds from Beijing to Big A is about 1.3 billion yuan, of which Tiansheng Holdings has a cumulative net inflow of 126 million yuan. It continues to maintain a buying trend. If it doesn’t rise, foreign capital will buy like crazy. The more it falls, the more you buy. If it rises, you will sell.
When it comes to T, foreign investors are very thieves.
The response of the main domestic investors is to smash the market, and at the same time steadily promote Tiansheng's stock price to rise. If it never rises or falls, the cost of foreign investors buying the bottom is too cheap.
The response is to steadily push up the stock price to increase the cost of opening a position for foreign investors, and avoid starting the market for no reason. This is why Tiansheng Holdings will break out of the current upward trend that is as steady as an old dog.
