Chapter 170 [Take advantage of the bad to sweep the goods, remove the weak and stay strong (guaranteed 2/2)]
Monday, September 12th.
This morning, the first thing Lu Ming did when he came to the company was to spend some time looking at the international financial news in the morning, mainly looking at the situation in the North American capital market.
The Leshi incident was just a sideshow for him. After pulling back Lao Ge who was about to jump into the pit at the critical moment, he no longer paid attention to this matter. Boss Jia quickly started the magical operation of returning to China next week.
Just stay out of it and just eat the melon honestly. It tastes good and is reasonable.
But then again, this year will be a success, and next year after Lux collapses, Lu Ming also plans to find a treasure. Lux definitely has a big treasure. It has built a lot of land over the years. The current property market is extremely hot, and the land price
It also skyrocketed.
Lu Ming doesn't plan to compete with Lao Sun for land, and he won't make money in the property market. On this point, Lu Ming does what he says, and he knows what he does.
But in addition to land, Lux has other treasures to hunt for.
…
"Have you started warming up yet..."
At this moment, Lu Ming looked at the international financial news and couldn't help but talk to himself.
U.S. stocks fell sharply last Friday, with all three major indexes falling more than 2%. The Dow Jones Industrial Average fell nearly 400 points. All three major stock indexes posted their largest one-day declines since the referendum on June 24.
But the main reason is the emergence of global negative news. After the Federal Reserve issued remarks hinting at raising interest rates, it caused uneasiness among global investors. The Chicago Board Options Exchange Volatility Index, known as the "fear index", rose sharply by 40%.
% to a two-month high, the biggest gain since the shit-stirring referendum.
Seeing these news, Lu Ming didn't even need to read the market. Today's big A is just one word: down!
Sure enough, the market sentiment after the opening was extremely poor. The Shanghai Stock Exchange Index directly opened lower by -1.34%, creating a huge and very ugly gap. It once fell below the 3,000-point integer mark during the session. Today, the three major indexes all performed well.
Very bad.
The Shanghai Composite Index closed at 3021.98 points after the opening bell, a decrease of -1.85%. The lowest during the session was 2999.93 points, and the highest was 3040.95 points.
The Shenzhen Component Index reported 10,500 points, down -2.80%, and the ChiNext Index reported 2,145.56 points, down -2.61%. The turnover of the two cities was about 540 billion yuan.
All major sectors fell across the board. Ports and water transportation, real estate, and insurance fell slightly narrower. Quantum communications, gold, non-ferrous rare earth and other sectors led the decline. Only 219 stocks in the two cities closed up, 20 stocks closed at the limit, 2543 stocks closed down, 17
Only one stock fell to its limit.
Basically, I did all my hip lifting today.
Tiansheng Holdings also fell sharply -1.89% today, closing at 7,478.17 yuan per share, with a total market value of 598.25 billion yuan. Tiansheng Holdings has experienced more than half a month of adjustments since it hit a record high. The consolidation in the previous three weeks
During this period, there was strong support around 7,500 yuan, and the stock price rebounded when it reached this level.
However, it fell directly below this support level today, and today there was a net outflow of 150 million in foreign capital. It was also the third net outflow of northbound funds since the listing of Tiansheng Holdings, and it set the largest outflow amount for the day.
…
After the market closed, Lu Ming held an internal meeting.
"Today's market decline is basically expected. The Shanghai stock index opened such a large gap downwards. It is extremely decisive. It is a consistent bearish market performance. There is no way to cover this ugly gap.
Don’t think about the time of the month.” Lu Ming spoke at the meeting, which was attended by Su Xiaoman, Ge Feng, Qi Wei, Li Mingyang and others.
Big A's sharp decline today is the result of a confluence of negative factors: First, the uncertainty of the Federal Reserve's interest rate hike in September; second, the outflow of foreign exchange reserves and the opening of Shenzhen-Hong Kong Stock Connect have suppressed Big A's valuation;
Third, the scale of insurance capital participating in Shanghai-Hong Kong Stock Connect is also a short-term negative for Big A.
But the core reason for today's sharp decline is the direct trigger of panic in the US stock market.
"Don't a large group of institutions in the mainland capital market like to keep up with the rhythm of US stocks? In September, we made a sneak attack and took advantage of the uncertainty of the US dollar interest rate hike to directly and quickly complete the second increase in the 'Tiansheng 150' position!" said
At this point, Lu Ming turned his head and looked at Su Xiaoman: "How much onshore liquidity does the company currently have?"
Su Xiaoman replied: "The liquidity is 258 billion yuan!"
Lu Ming nodded: "Very good. In the next period of time, we will conduct a second follow-up investment in the existing Tiansheng 150 portfolio. Give me 135 billion yuan. These 76 votes have completed the second investment, that is, holding 10
A ratio of more than %!”
After speaking, Lu Ming threw the documents he brought on the conference table and distributed them, and the managers attending the meeting opened them one after another.
Among Haitian An's Mao Wulu, except for Tiansheng Holdings and An's shares, the other four stocks are all listed. The current price of An's shares is in the sky. There is no need to pick it up. Tiansheng Capital's own shareholding ratio plus LP
Chaoyun Trust, together with Tiansheng Value Growth Mix, hold more than 12% of Anshi shares in total. Tiansheng Capital is undoubtedly the second largest shareholder, and there is no need to increase its holdings.
As for Tiansheng Holdings, there is no need to increase its holdings. Lu Ming will not sell even one share he has increased. Not only will Lu Ming not sell his own company's shares, but he also particularly hates the founders of other companies.
People sell their own company's stock.
If the investment target is not particularly high-quality, Lu Ming will not hold on to any listed company where executives sell their own stocks on a large scale.
The current circulation of Tiansheng Holdings is not large. Currently, only 16.25% of the circulation is traded in the secondary market, and it is highly concentrated in the hands of institutions.
However, after April next year, 15 million shares of the private placement shareholders will be unlocked. In addition, the 1 million shares of internal executives will also be unlocked, and the circulating market will quickly expand to 36.25%.
…
Today's meeting established a second large-scale investment, and the people below began to implement it quickly.
The stock price of Maoti has fallen back from 326 yuan in July to less than 300 yuan, a drop of more than -8%. We continue to maintain this position to buy.
Tiansheng Capital currently holds 5% of Moutai and is the third largest shareholder.
This time it is expected to invest 18.5 billion yuan in capital to buy 61.5 million shares, which will trigger a second bid and become Maotai's second largest shareholder with 125.6 million shares.
The first 50 first-line blue chips in the Tiansheng 150 portfolio will basically eat up about 72% of the 135 billion yuan.
This time, the key participants included Longji in the photovoltaic sector. When they were scanning 4.5% of the secondary market, they were negotiating with the company at the same time. Later, Longji announced the introduction of strategic investment partners, that is, direct additional placements to Tiansheng Capital.
210 million shares, accounting for 10.56% of the total share capital, the company announced a trading suspension.
As a result, Tiansheng Capital holds 20.06% of Longji's shares, becoming the company's largest shareholder.
Another major investment is Gerry Electric, one of the leading white goods appliances. It was suspended for about half a year and resumed trading this month. After going beyond the daily limit for three consecutive times, it began to fall back. Tiansheng Capital began to quickly build positions in the secondary market and sweep away goods.
Buy the company's stock.
In the days that followed, Tiansheng Capital's trading team quickly and quietly swept up stocks in the secondary market of Big A, taking advantage of the current negative and pessimistic sentiment expectations, trying not to let the overweighted stocks be listed on the dragon and tiger list.
It is worth mentioning that in August and September, three important companies invested by Tiansheng Capital were listed in the Big A, namely Trillion Innovation, which has been suspended, Antu Biotech for medical devices, and Anthracite for lithium battery isolation films.
shares.
Keeping the "Tiansheng 150" investment portfolio unchanged, the three newly listed stocks plus Gerry Electric's entry into this portfolio means that four stocks will be eliminated from the "Tiansheng 150".
Many of them were originally made up temporarily. In the future, as companies that have been involved in the primary market gradually go public, they will be further eliminated.
In short, there are only four words: remove the weak and retain the strong.
For the "Tiansheng 150" investment portfolio, it is necessary to retain the 150 constituent stocks with the strongest return on investment.
