Future chat group

Convertible bonds are actually a combination of bonds and options. The bonds are easy to understand, and the principal and interest are paid upon maturity. The options are more complicated, including how to convert, at what price, and what the nature of the converted securities is. Each one is different.

Among the future information Lei Hao received, there was no profit margin in the broader market, and there was still some progress in the agricultural sector, especially Qiming Shares, which was mentioned, so he set his target here.

At the company, the fund could just focus on agricultural stocks, but he still had something to do with his own funds, which was to acquire the bond investment department of Wanbei Investment, which was bidding for a price.

Wanbei Investment needed funds to invest in other fields, but was unwilling to sacrifice the interest on the bonds in its hands, so it did not want to take out a loan, but only wanted to sell the bonds. In the end, it fell out with the bond investment team, so its heart was broken, hell, even the employees Contracts were turned around and entire divisions were sold.

Lei Hao asked the company to contact Wanbei Investment yesterday. The two parties made an appointment to meet. After the general direction is finalized, the specific matters will be handled by the negotiators.

For Lei Hao, this negotiation must be carried out at a faster pace to prevent the nearly ripe peaches from rotting on the tree.

At 11:30 noon, the stock market closed. The rest of the team wrote their work reports and went to dinner together. Lei Hao and Qiu Yuting rushed to the agreed place to meet Wan Zhiliang from Wanbei Investment.

"The man named Wan is an old fox. I have dealt with him several times. Please be careful later." When they arrived at the place, Qiu Yuting took Lei Hao's arm and reminded, "Don't let him dig a hole and bury him."

"It's okay. I'm only responsible for making money, and you're responsible for clearing mines." Lei Hao said shamelessly. Qiu Yuting had already picked up all the skills in this area, so he didn't have to worry about it. Anyway, his girlfriend wouldn't cheat him.

Qiu Yuting rolled her eyes at Lei Hao, but she felt sweet in her heart. It was obvious that her IQ had gone awry when she was thinking about Lei Hao. A small amount of trust made her feel very happy.

Walking into the box, to their surprise, Wan Zhiliang arrived first, waiting for Lei Hao and Qiu Yuting.

Seeing Lei Hao, Wan Zhiliang changed the cigarette to his left hand, stretched out his right hand to shake Lei Hao's hand, and smiled politely: "Mr. Lei, I have admired you for a long time."

"Mr. Wan is too polite. I'm sorry. The company is so busy right now." Lei Hao said with a smile.

"It's okay. I arrived early as we made the appointment at 12 o'clock. Haha, I just finished drinking tea with Mr. Chen and others. I'm on my way." Wan Zhiliang smiled, his facial features relaxed, and he looked very kind.

Both sides introduced the accompanying personnel, then sat down, and uttered pretentious and flattering words as if they were free of charge.

Lei Hao was just starting out. Facing an old fox like Wan Zhiliang, if the goddess wasn't by his side, he might not be able to withstand it.

After ordering food and drinking wine, the two parties could be regarded as lovers and concubines, and the atmosphere of the conversation seemed harmonious. When the meal was almost finished, we finally got down to business.

"Mr. Lei, let's open up the sky and make it clear. As for bonds, the principal and interest are almost fixed, but convertible bonds are a little different. The issuers of the convertible bonds I hold here are all companies with very good performance. The stock market The next market trend is also optimistic, so these issues are undeniable." Wan Zhiliang spoke first.

Lei Hao didn't deny it, but he didn't answer the question either. It was his girlfriend who came forward to talk about these things first.

"Bonds are almost equivalent to fixed assets, and options are priced. According to Mr. Wan, if the stock market gets better, the investment income from bonds will be relatively poor." Qiu Yuting said with a smile.

Wan Zhiliang was silent, then smiled, cleared Lei Hao's cigarette, and said: "Since Mr. Qiu has figured out the basics, please tell me a few words and let's discuss it with each other."

"Two hundred million." Qiu Yuting raised her finger and said: "We will contact them first about the contracts of department employees."

The bonds owned by the bond investment department of Wanbei Investment are relatively complex. According to the contract and term, of the two hundred million worth, 100 million can be bought by buyers at any time, and it is easier to sell. But if Wanbei sells these bonds first , it would be even more difficult for his entire department to take action.

Lei Hao went through the information in his mind, smiled and chatted with Wan Zhiliang, but he was thinking silently in his heart: "My working capital is only nearly 100 million. I want to acquire the entire bond investment department, and I have to go to the bank to get a short-term Loan, debt acquisition method?”

"However, most of Wanbei's bonds are in the agricultural sector, and most of them are convertible bonds. The manager of the bond investment department is also a talented person."

"Even if you take out a loan to buy these bonds, the interest on the loan will definitely be much less than the profit. If nothing else, Qiming will be able to make a small living, and the rest will be pure profit."

Yes, Lei Hao's acquisition of the bond investment department of Wanbei Investment is similar to a Yankee's acquisition of Manchester United. However, it is a debt acquisition, and the Manchester United acquisition can be regarded as a leveraged buyout.

But Lei Hao was not worried at all about not being able to get a loan or repaying the money. He just hoped that things could be settled as quickly as possible.

"Mr. Wan thinks there is a discrepancy in this price?" Lei Hao finally spoke.

Wan Zhiliang shook his head and said: "The difference is not big, but I need to make it clear that if it is less than 210 million, we have no basis for negotiation."

Lei Hao had a surprised expression on his face. Wasn't Wanbei Investment eager to sell? Are you ready to do it now?

"It seems that Mr. Wan has found a buyer, so let's just treat it as a meal." Qiu Yuting tried with a smile.

"Just because we were in contact at the same time, this meal is still necessary." Wan Zhiliang smiled like an old fox.

For something worth 200 million, someone else is asking for 210 million? is it possible? Lei Hao shook his head. He didn't think it was possible, but if it was really the case, he would dare to buy it if it was ten to twenty million more, because the profit would be enough.

It's just... If Wan Zhiliang comes into contact with several buyers at the same time, it will be difficult.

Not to mention anything else, the other party will definitely use the quotation here to negotiate with the other party, and then go back and forth. How can it be done in a week? When the profit appears, the price will be different.

Quote a high price directly? This doesn’t work either. High prices also require negotiation time, unless you quote a sky-high price, in which case there will be no profit.

The sudden appearance of more competitors gave Lei Hao a headache, but he did not want to give up this profit opportunity.

Moreover, Lei Hao also wants to take over the bond investment team of Wanbei Investment. Lei Hao Investment and Haiting Securities still have some customers who prefer to invest in bonds. This part can also make some profits. By the way, it can also expand the channel business to prepare for the future. Lay the foundation for investment banking and other sectors.

"I want to meet with Manager Xia Yibei first." Lei Hao said this.