Chapter 993 [There will be no dividends this year, and it will be repurchased shares]
Fortunately, the current stock king is in a state of being stung. Even if it falls to the limit, the actual decline is limited to -5%.
But then again, even if it is an actual decline of -5%, the limit drop still brings a lot of panic to the market, because now Tiansheng Capital has a very bad new expectation.
If this expectation is not digested, even if the daily decline is limited to -2%, it will still be realized. The difference is that the time cost has increased, and the expectations have not changed due to changes in the rise and fall.
The agreement announced by Tiansheng Capital involves an amount of US$1.14 trillion, which is an extremely large astronomical figure, and the market also has expectations that in the future the United States will turn its back on them.
Aren’t you dumbfounded? Isn’t this all for nothing?
1.14 trillion U.S. dollars, which is close to 8 trillion RMB at the current exchange rate. The latest market value of Tiansheng Capital is about 12 trillion RMB. If Lao and the United States really fall out, the company's market value must not be cut in half in advance.
?
This is where expectations are extremely bad.
The biggest reason for the lack of confidence in the market is the lack of confidence in Lao America. After all, Lao America can do anything. If you, Tiansheng Capital, dare to go there, why don’t you go and give it away...
Since I can't stop you from sending it, I'll run away first. This is the feedback result given by the market.
However, after the stock king hit the limit, social security funds, pension funds and other institutions entered the market to take over the funds, and continued to increase the volume and change hands. The short side was smashing hard, the long side was crazy to take over, and the volume and energy finally exploded.
Out.
The entire market is still dumbfounded by the liquidity of the stock king. If you want to realize this stock on a large scale, you really don’t have to worry about not being able to get it out. There is still a large amount of funds to take on such a big negative.
It is unique in the A-share market. There is no other target with such strong liquidity.
Regarding this divergence of large funds, most investors’ judgment is that the short side chooses to take advantage of the situation and cash out, while taking over the funds is betting that the king of stocks will reverse again. This is the preliminary judgment of the game from the current macro perspective.
Condition.
Because the stock nature of the stock king is like this, he likes to play reversals.
Looking at the historical trend of this stock, in the overall upward trend all the way to the north, all the specific bumps in the trend, especially the places with great short-term fluctuations and the places with huge volume and energy, were all at that time.
An unexpected reversal.
Near the end of the afternoon at around 14:27, major market software pushed messages:
[St Tiansheng’s daily turnover breaks the 100 billion mark again]
The last time the daily trading volume exceeded the 100 billion mark was 16 trading days ago, when it was revealed at the end of April that Tiansheng Capital would not be able to issue a quarterly report. The 100 billion volume also fell by more than 5 percentage points at that time.
.
However, at that time, the stock king had not yet put his cap on ST, and that day, Tianlong rebounded strongly from the big V and pulled it back up. It also found a long-legged K-line with a golden needle to explore the bottom, and also walked out of the stock's recent low price of 131,060.09 yuan.
At present, the time-sharing trend of stock kings is basically fluctuating near the lower limit, because the intensity of fund acceptance is a bit beyond market expectations. Such crazy smashing cannot close the lower limit. It does not touch the lower limit and is opened again within a few minutes. It is closed back and forth near the lower limit.
Board crowbar, sealing crowbar.
…
After 15 o'clock, the A-share market closed. Although the decline of the top stocks was limited to -5% due to the cap ST, today's market index also fell sharply.
The Shanghai Stock Exchange Index dropped -1.89% to close at 2813.77 points, the Shenzhen Component Index dropped -2.22% to close at 10604.97 points, and the ChiNext Index dropped -2.52% to close at 2046.60 points.
Fortunately among the misfortunes, the current decline of the stock king has reached -5%, which is the limit. If it were based on the -10% limit, the Shanghai Composite Index must have fallen by 3 percentage points today, even the 2800-point integer.
I can't even hold my position.
ST Tiansheng did not seal the lower limit at the close, and finally closed down -4.79%. The stock price hit the intraday limit of 150,127.23 yuan/share, and closed at 1,50460.31 yuan/share. The whole-day turnover increased to 124.6 billion yuan, and the market value after the market
12.01 trillion.
In the past ten trading days, the correction from the highest point has reached -8.85%. It seems that the correction is neither deep nor shallow, and it has not even reached a normal -10% limit.
But because the market is so big, even if it falls by more than 8 points, the absolute market value will evaporate by more than 1.1 trillion yuan. This is one of the fundamental reasons why the market cannot withstand the decline of the king of stocks.
Today can be called "Black Friday". The A-share market is indeed a bit miserable, but it is not the worst. There is another market that is even worse than Big A.
That is the H-share market. The Hang Seng Index exploded over 1,300 points today. After the market closed, the Hang Seng Index plummeted -5.56% to 22,930 points, the largest one-day drop in five years.
H-shares have plunged sharply today. The main reason is that at the recent meeting, news came out that the National An Law will be enacted and implemented. Investors in H-shares are worried that this law enforcement mechanism will be affected by the changes, and then the local economy, life and other aspects may be affected.
Will be affected, and the sharp decline of H shares is also an intuitive response to this concern to a certain extent.
It is worth mentioning that the overall net outflow of northbound funds in the A-share market today was more than -3.3 billion. However, judging from the capital flow of individual stocks, ST Tiansheng's rare net outflow reached an astonishing -9.856 billion, directly exceeding
The total for the previous ten trading days was more than double.
Foreign capital has experienced substantial net outflows from this stock for ten consecutive trading days, and today there is a crazy outflow of nearly 10 billion. Beijing Capital, known as one of the representatives of smart money, continues to flee this stock, especially today's flight volume.
It is undoubtedly a further blow to the overall confidence in the market.
The biggest reason for the net outflow of nearly 10 billion of foreign capital in a single day today is that several major Wall Street capital institutions such as Goldman Sachs, which secretly got on board, did not take delivery today, while other foreign institutional investors such as the Norwegian Wealth Sovereign Fund were selling on a large scale.
, which makes the net outflow of foreign capital from this stock today seem very exaggerated.
In fact, several Goldman Sachs institutions were eager to rush in to grab funds. Lu Ming had reminded them before that the hole dug by the stock king was not prepared for them, but to back up again to pick up social security funds and basic pension funds, waiting for these institutions to eat.
When you are full, you can only take action if there is still something left.
…
Around 16:30 in the afternoon, Tiansheng Capital Headquarters, Board of Directors.
"Can the company's next dividend be distributed in the middle of the year?" At the board meeting, the main topic of the meeting had ended, and the participating director Xue Zhongming made a digression at this time.
He is a director appointed by an institution. The director's responsibility is first to be responsible to the shareholders who nominated him, and then to the company. The person who nominated Xue Zhongming to the Tiansheng Capital board of directors was the institutional shareholder Guo Jiatui.
Obviously, he did not say this casually, but the intention of the shareholders behind it. The economic situation in the post-corruption era is still stressful, and I hope Tiansheng Capital can pay more dividends.
"There will be no dividends this year." Lu Ming said simply and neatly. Xue Zhongming was also stunned for a moment. After a while, Lu Ming added: "No dividends, but a different strategy."
The directors attending the meeting were quite curious, and Lu Ming continued: "It is to initiate a large-scale stock repurchase process and complete the revaluation of the company's value."
As soon as these words came out, Xue Zhongming's eyes lit up. This was actually better than cash dividends.
Not paying dividends, but using the money to repurchase the company's shares is also a way. From what Lu Ming meant, it is not to smash the company's stock price into a hole and then repurchase it, but to go all the way up and back up.
Buying plays the role of raising the stock price.
This kind of stock repurchase operation is equivalent to Tiansheng Capital using the company's money to buy the company's stocks, becoming the super bull main force in the market, and pushing up the stock price.
