Rebirth: The Financial Giant - Chapter 1012

If you sell and cash out now, and you do earn money from the bubble, it will take a lot of advantage in the short term, but it may not be in the long run.

What if the share price of Tiansheng Holdings continues to rise?

Selling it now to cash out will not make a profit in the long run, and may even lose money. If you don’t hold it, you will make more money in the future.

Because it has been cashed out, it will not be easy to buy it back in the future, and it is very likely that it will not be able to buy the right price. If you want to continue to share the profits of Tiansheng Capital in the future, you can only be forced to buy high, and the high price brought The rise in cost is equivalent to hedging off the bubble money earned by cashing out before. If the cost is higher, it may not bring as much benefits as holding shares.

Lu Ming really didn’t cheat other shareholders, but he favored Guo Jia’s team relatively speaking, but that’s what it should be. If the country didn’t push back the old beauty who was killed by the carbine, no one would have to eat this cake. .

The repurchase of shares is to let these shareholders continue to invest in value. Lu Ming is to instill a concept for shareholders. For Tiansheng, the target should be “light cash thinking, heavy equity thinking”, and unswervingly hold Tiansheng’s stocks for a long time. , Don’t cash out easily, the stock price can appreciate in the future, and cashing out is selling it.

And there is just a negative teaching material, that is, the Norwegian pension. Of course, the withdrawal of this institution is not a loss of money, and it has already made a lot of money.

But at the same time, the error in the research and judgment of Tiansheng Capital led to at least double the income of the Norwegian pension, and almost 250 billion yuan of profit was sold, which is an astronomical amount.

Not surprisingly, the Norwegian pension has to be bought back obediently, because Tiansheng Capital’s logic and expectations have not changed. It was wrong in its own research and judgment. Since it has not changed, of course, we must continue to invest in this target, such a high-quality asset. The whole world can’t find a second target. It is the best error correction decision to admit the mistake and take it back.

However, if the Norwegian pension fund wants to buy it back, it will not be able to buy cheap chips of 110,000 to 150,000 yuan per share. The Norwegian pension fund has been selling and selling in the past second quarter, constantly cashing out and leaving the market. Wang’s price range per share fluctuates around 110,000 to 150,000 yuan.

And now the latest market price of Tiansheng Holdings has exceeded 200,000 yuan per share.

This is a typical negative teaching material for cashing out, and you must not learn it.

……

However, he said that the board of directors was still in progress at the moment. Xue Zhongming, who was present at the meeting, immediately looked at Lu Ming and asked, “What is the amount of the stock repurchase this time?”

This has to be asked clearly, the two sides have to communicate information well, determine how much to repurchase here, and then distribute chips for shipment there.

Otherwise, the price will not meet expectations, other institutions will be cheaper, and the stock price may not be able to withstand the price.

Lu Ming had already made up his mind about the repurchase, and immediately said succinctly: “Two trillion, the repurchase will start tomorrow, and the repurchase plan of the entire two trillion fund will be completed in nine trading days.”

After a short pause, Lu Ming further added: “Tomorrow, on July 2, the repurchase amounted to 130 billion yuan, and the daily repurchase amounts for the next eight trading days were 170 billion yuan, 300 billion yuan, 300 billion yuan, 250 billion yuan, 270 billion yuan, and 200 billion yuan, respectively. , 190 billion, 190 billion.”

Xue Zhongming nodded immediately and took a note. When the board of directors was over, he greeted Guo Jia’s team and told them the situation. Only with the right caliber can they undertake and sell well.

There is no absolute fair game in the market. It is impossible for the few wealthy retail investors who invested in Tiansheng Capital to know such information. Even ordinary investment institutions do not know about it, but Guo Jia’s team can see the cards in advance.

Today’s board minutes will not be disclosed immediately, and it will definitely be disclosed when the market is over.

At this time, Gao Hua, who was present at the meeting, said, “What I am worried about is that once the repurchase is terminated and there is no follow-up capital to undertake, will the stock price be able to stabilize at a high level?”

Lu Ming immediately smiled and said: “Don’t worry about not being able to stabilize the stock price. The public offering institutions, private equity institutions and foreign-funded institutions that sold flying before will come back obediently. When the time comes to adjust the rate by 20%, they will come back to take over the offer, including the Norwegian pension. gold.”

Those public and private equity institutions, including Norwegian pension funds and other foreign-funded institutions, basically ran away in April and May. In addition, this year’s fund industry will usher in an unprecedented explosion, and there will be a lot of off-site funds, so there is no shortage of funds to take over. There are not many investment targets that these large institutional funds can choose.

What kind of value investing is there even if the stock king doesn’t buy it? Are you going to speculate with hot money, short-term speculation, or small-scale speculation? That can’t hold such a large amount of money!

Only the super-large pool of the stock king can hold a large amount of large funds.

Lu Ming added with a smile: “If the market doesn’t buy it, then I will go back and post a blog post. In the future, the company will not pay dividends or pay less dividends. Instead, it will focus on repurchasing shares, and the repurchased shares will be cancelled.”

As soon as these words came out, Gao Hua was no longer worried, the big boss had already arranged it clearly.

No dividends or less dividends, mainly repurchasing shares, this is definitely a big killer, which means that the stock price will continue to rise in the future, because repurchasing shares from the market and canceling them means that the total share capital of the company will decrease.

However, the company’s assets will not disappear at the same time due to the cancelled shares, but will be reflected in the remaining total shares themselves. That is to say, under the condition that the assets remain unchanged, the value of each share of the total share capital is of course more valuable. It will definitely go up.

In addition, the market expectations from this wave of repurchase operations are set, and there will definitely be a lot of funds to buy the bottom after adjustment, and then wait for Tiansheng Capital to repurchase, then the stock price will fall too deep. Impossible, it’s impossible to accept it.

The repurchase expectation is too strong, and it will also cause the holders to become more and more reluctant to sell, and will not easily sell the stocks in their hands, because with the continuous repurchase of stocks, the total share capital of Tiansheng Capital can continue to decrease, and the return Buying one share will reduce one share, which means one less chip in the market.

Unless Tiansheng Capital issues additional shares later, this is another matter. As long as Lu Ming does not handle the increase operation, the logic of reluctance to sell will always exist. It is not too late to increase and sell, and this risk is still willing to take, because the overall return expectation is greater than the risk expectation.

Investors also believe that Lu Ming will not play the tricky operation of fixed increase, for two reasons.

The first reason is that Lu Ming is really kind to his shareholders~www.mtlnovel.com~ Since the backdoor listing, no shareholder has been dissatisfied with Lu Ming. After all, the stock has risen to the sky over the years, and he is simply too satisfied to be satisfied. .

The second reason is that the stock market is now more and more kidnapped by the A-share market. Lu Ming also has to consider the operation of large-scale fixed increase. Once the confidence in the market is weakened, the stock market will dive sharply and sell. Big A is a 100% hold. Unstoppable means that a large-scale fixed increase has to compete with the entire market, which also means that the probability of Lu Ming playing the fixed increase will be greatly reduced.

Unless Lu Ming completely ignores the A-share market, this is obviously impossible. Everyone knows that Tiansheng Capital is actually playing the role of “ballast stone and fixing star”. Although this responsibility is not clearly defined, its scale and influence Yes, responsibility comes naturally.

The board of directors lasted for about an hour, the discussion of the topic ended, and the 2 trillion liquidity repurchase plan was unanimously approved by the board of directors.

Starting tomorrow, the first round of the 130 billion repurchase plan will begin.

Moreover, it is directly repurchased from the secondary market, and large transactions do not go away, and the stock king has no large transactions at all, because every time a transaction is completed in the secondary market, even if it is a first-hand exchange, it will cost tens of millions of yuan. level, and now it has reached the 20 million level.

Every change in the secondary market can be regarded as a large transaction, and this is the current situation of the stock king.

……