Chapter 167 [Either hard work, a shuttle on one side! (22/73)]
Thursday, August 18th.
In the morning, Lu Ming came to the company and stayed in his office, turned on the computer and looked at the market price of a company.
He did not go to the trading room today. There are currently no major changes in trading decisions. Someone is watching the market.
Today, an important company is about to land in Big A. It is also a semiconductor company that Tiansheng Capital has invested heavily in the primary market, and that is Trillion Innovation.
Although 300 million yuan in financing was obtained from Tiansheng Capital, the money-burning semiconductor industry is obviously not enough.
Today's IPO listing is already within the plan, and the listing plan has not been changed because of the entry of Tiansheng Capital. This time Trillion Innovation landed in Big A to raise 582 million yuan from the public, with a total share capital of 100 million shares and the issuance of 25 million shares.
, of which 3 million shares were issued offline and 22 million shares were issued online.
The company's valuation is 2.8 billion yuan, and the issue price is 23.26 yuan/share.
It is worth mentioning that Tiansheng Capital used a weighted average anti-dilution clause when investing in the company in the primary market. In other words, this IPO financing has nothing to do with Tiansheng Capital’s equity dilution. Lu Ming will continue to increase his holdings when necessary.
companies.
Today's call auction opened, and Trillion Innovation's stock price directly hit +44%, the highest increase on the first day of listing. Not surprisingly, the market price followed.
To be precise, there are no surprises. There is no possibility of breaking the new stocks listed on Big A, and there will definitely be a market trend in the future.
Lu Ming flipped through the memory information and thought of the last generation of Trillion Innovation. This company had achieved 17 consecutive one-word daily limit. After the first opening analysis, the company ushered in another major suspension and reorganization, and it only resumed trading half a year later.
, there were three consecutive straight-line boards, and the stock price soared to as high as 254 yuan, more than 8 times.
What followed was a period of decline for most of the year, and the decline lasted for more than half a year.
However, for Tiansheng Capital, the current rise and fall of the secondary market can only be watched. As the company's major shareholder, the lock-up period for the shares held by the company is as long as three years from the first day of listing. Here,
During this period, you cannot sell in the secondary market. You can only watch the short-term rise and fall of companies invested in the primary market when they go public, and there is nothing T can do.
Although the shares held cannot be sold in the secondary market within the next three years, they can be transferred. As long as Tiansheng Capital is willing to transfer, and someone is willing to transfer, the transaction can be carried out, and the transferee cannot sell in the secondary market either.
The restricted sale period is still in effect, and if you want to trade and sell, you have to find the next buyer willing to take over.
At this time point, Lu Ming would not throw it away foolishly. This is a big bull stock that has increased 40 times in more than three years.
Even if you want to trade, you have to wait two years later, that is, in 2018, do an equity transfer transaction, find a takeover, be a super big T, sell part of it to avoid the big bear market that has halved this year, and then take over at the end of the year.
return!
At this time, Lu Ming heard the sound of knocking on the door.
"Come in!"
Putting aside his thoughts, Lu Ming shifted his gaze and saw that the person who came in was Qi Wei, "Mr. Lu!"
Lu Ming immediately said: "Very good, starting from today, use all offshore liquidity to unilaterally buy U.S. dollar index call options."
Qi Wei's heart skipped a beat when he heard BOSS's decision. He couldn't help but whisper: "Mr. Lu, our current offshore liquidity is 30 billion US dollars. Are we all buying call options on the U.S. index?"
Lu Ming said calmly: "Either don't do it, or do it violently, one way or the other!"
So exciting!
Qi Wei nodded silently, without saying anything else. After listening to Lu Ming's instructions, he went to carry out the instructions.
He swore that this young BOSS was definitely the craziest gambling monster he had ever seen in his life. He would always operate on one side without any risk hedging. Is the heart of a man in his twenties really in trouble?
Powerful?
This time, Lu Ming ignored Yang Ma's request for money to add leverage and directly used the funds managed by Tiansheng Capital for operations. Lu Ming did not have any worries, even if he lost everything.
The most critical thing is that this time when going to grab money from someone else's territory, confidentiality is the first priority. Suddenly the country's foreign exchange reserves have dropped by tens of billions of dollars, which will inevitably attract the attention of the outside world.
30 billion US dollars plus triple leverage is 90 billion US dollars. This is not a small amount. The actual operating funds have reached an astonishing 120 billion US dollars. If Wall Street ganks, there is no guarantee that domestic financial institutions will explode and trigger systemic risks.
Although the probability of doing so in the foreign exchange market is extremely small.
Instead of investing US$120 billion to be long on the U.S. index, it is better to directly invest US$30 billion in call options. The absolute returns of these two investment methods are similar. The difference is that the former brings other institutions in to share the risk, while the latter is Tiansheng Capital alone.
Take all risks.
The purpose of going long on the U.S. dollar index this time is to make quick money. The U.S. dollar index still fell today, but Lu Ming is very clear that the U.S. dollar interest rate hike in December at the end of the year is certain, and the overall strengthening trend of the U.S. dollar will continue in the next few months.
.
Wall Street suffered a setback last year and will come back with a clarion call to raise interest rates at the end of the year. No matter what the international hot money does at the end of the year, Lu Ming will make a profit first.
You will not foolishly go against the trend. The U.S. dollar index will definitely strengthen for a period of time. The whole world is grabbing U.S. dollars. Of course, the price of the U.S. dollar will rise. It clearly gives you the opportunity to grab money. If you don't take advantage of it, you will be punished by God.
of.
The current price of the U.S. Index is 94.2 U.S. dollars. As expected, this trend will reach around 103.8 U.S. dollars before the long and short reversal. In other words, in the bullish trend during the next period, the U.S. Dollar Index will rise by about 10%.
Lu Ming chooses to buy call options on the U.S. dollar index, which can make absolute returns several times higher than the rise in the U.S. dollar index. Simply going long on the U.S. index can make an absolute return of 10% at most, but buying options can directly double the return.
The last time Wall Street speculative capital gathered an army of hot money from all over the world to short the RMB, they were ultimately defeated in a 48-hour blitzkrieg over two days from January 11 to 12 and lost all their money.
However, this "currency war" centered on RMB and foreign exchange as the main battlefield is far from over. There will be a more fierce foreign exchange war at the end of this year. The various international speculators led by Wall Street were defeated last time.
Capital will regroup with the anger of avenging its past humiliation and regroup the international short-selling army to fight again.
At this moment, Lu Ming looked at the figure of the offshore RMB exchange rate of 6.6341, looked at the current date and the strengthening of the US dollar index, and said nothing.
The current time point is that one year has passed unknowingly since the 811 exchange reform last year.
Autumn has just entered. Looking at the real-time fluctuations in the international foreign exchange market, Lu Ming seemed to have felt that the undercurrent under the water could no longer hold back and began to surge.
Various international hot money players have believed that they have spent a year accumulating enough strength to avenge their embarrassment and double their losses last year. Compared with a year ago, this time they believe that as long as they unite, they can form a huge wave that engulfs everything.
, the confidence comes from the fact that the Fed is directing and backing them up from behind.
It is worth mentioning that at this time, the RMB has begun to emerge in the world's currency settlements. It seems that the young Euro and Japanese Yen have long attracted the attention of beautiful countries.
At this moment, no one would have thought that the black swan has begun to flap its wings, hovering above the head of the world economy, and will come to the world at any time to plunder and bring disaster to the world.
But Lu Ming has already sharpened his knife and is waiting for them to come up and deliver it!
