Future chat group

The act of a listed company repurchasing a certain amount of its outstanding shares from the stock market using cash or other means is called share repurchase.

Generally speaking, this situation mostly occurs when a bear has a tail but a bull has a head. When listed companies feel that their stock prices are undervalued in the secondary market, they will buy back their shares, releasing a "I'm very unhappy" attitude.

This is how Tian Heng feels. They are a mainland company, listed on Hong Kong Island, and then... looking at the generally high valuations of A-share listed companies, and then looking at the funny group of H-share companies, it is extremely sad.

Repurchase? Now it is a repurchase. After a period of time, it is not impossible to delist from Hong Kong Island and then be listed in Shanghai and Shenzhen. After all, there are examples before.

However, these procedures are very complicated. One of the important points is that if you want to buy back, you have to find someone to sell to. And it is best not to alarm too many people. Wait until everything is settled before announcing the news. , and it can also give the stock price a little boost.

People at Tianheng can easily focus on the long-short battle in the past few days.

After careful calculation, they suddenly discovered that if all the warrants and options held by the bulls were exercised, there would be over 2 billion in underlying shares.

Does Lei Hao have 2 billion to buy real shares? No, so he will definitely not exercise all his powers. If he exercises all his powers, Nick will be relieved.

Nick is rich. 2 billion Hong Kong dollars can be converted into US dollars. The figure is not an exaggeration. When he asked Lei Hao to take over the call warrants, he had already signed standard contracts from major institutions and locked in the corresponding underlying stocks.

As long as Lei Hao dares to ask for it, Nick will dare to give it, and then the stock price will naturally be pushed up. It seems that Lei Hao is making money, but it is absolutely difficult to exit the market. The Thunder will form a snake swallowing the elephant pattern, and it will easily be overwhelmed.

Without corresponding buying orders, when and what month will Lei Hao be able to sell out all these stocks? There is no corresponding channel. Unless the price is lowered, who will take over the order for him? Without corresponding funds, how should you respond if Nick depresses the stock price to raise funds and repay the bonds?

There are many issues that need to be considered, so Lei Hao's positions must be held tightly to ensure his own advantage. He holds the warrant chips, and Nick is spending high costs all the time. Lei Hao refused.

If Lei Hao loses these chips or changes some chips, Nick will certainly suffer a heavy loss, but when he turns around, the initiative is no longer in the hands of Thunder Investment.

Either you can overwhelm your opponent and accept a huge loss.

Either find the corresponding buying order in the underlying stock market and exit with a profit.

Based on the current situation of the Thunder, it is best for Lei Hao to choose these two paths, so he is waiting, but unlike others, he is waiting for new entry funds to unwind the market, rather than waiting for short sellers to cut their losses.

"Mr. Lei, the warrant market has placed a big order." The trader shouted excitedly over there.

"There is a lot of buying in the main stock market, 0.720." Another trader also reminded.

Lei Hao looked over. As expected, the other party couldn't hold it in any longer. He put out a large number of buying orders in the stock market and showed his intention to close the position here. He also made corresponding remarks in the warrant market.

"Exercise part of the warrants again." Lei Hao said with a smile.

Following the exercise of Thunder Investment, the company's funds were reduced by a corresponding portion, the underlying stock holdings were increased by a corresponding amount, and the warrant chips were also reduced by a portion.

At this time, the large institutions that signed securities financing contracts with Nick will find that part of their inventory has been consumed, and Nick can also find that some of his many accounts have actual losses.

Finally... Nick sprays another mouthful of old blood. Now he can either collect funds to repay the coupons, or bear the daily cost consumption.

how to do? Buy stocks? The price of Lei Hao has been raised high.

Not buying? I can’t help but buy it.

"Damn, this bastard!" Keda Gang threw, and veins popped out on Nick's forehead.

You Junlong was also very depressed at this time. He had been short before, and now he also had some positions. So, should he admit defeat here, or should he hold on and wait for a turnaround?

"With such a high price, why aren't there enough sales? These greedy guys." Seeing the market showing more of a wait-and-see attitude, You Junlong had the urge to smash things.

With Lei Hao investing in Lei Hao, Tao Liyu and Lin Minghui are also very happy by his side.

While they were happy, Tao Liyu and Lin Minghui were also thinking about Lei Hao's goal.

0.720 refused, 0.780? Isn't it a bit too high?

Time passed like this, and soon it was 10:30 noon. If we only looked at the trading volume of the stock market, outsiders would think that there was no sign of heavy trading today, but hidden under the calm was a turbulent undercurrent.

At this time, Tao Liyu and others began to hesitate, hesitating whether to persuade Lei Hao to start reducing their positions, because the company's financing account had been consuming costs.

At the very least, by controlling the position within 450 million, you will not have to pay additional interest costs, and you can also lock in part of the profits. Your own pace will be much better between advancement and retreat.

Lei Hao also felt very strange. Tianheng's stock price has remained unchanged. Where has the maximum 20% mentioned in the future information gone? High and fall? It's not high yet, what should I do?

"Sure enough, if the funds are too large, the original situation will be changed." Lei Hao had a headache, but soon regained his confidence.

Does anyone else have future information? No, since they dared to push the stock price to 0.780 in the original time and space, is there any difference in who has the chips now? There is not much difference, you still have to buy it, and the benefits that should appear will still appear.

Many people from Shengxiang, Keda, and Youjia felt that this situation would be maintained today, and they all began to make plans for the next step.

At this time, Lei Hao received a call from the Hong Kong branch of Thunder Investment and got a piece of news: an organization came to contact them and inquired about the warrants and underlying stock prices in the Hong Kong city.

What's the meaning? Someone has taken over!

In fact, Lei Hao has changed the original future. Tianheng's current round of stock buybacks originally adopted two methods: on-site public acquisitions and off-site agreement acquisitions. Now they see that they have completely used off-site agreement acquisitions to achieve their goals. hope.

That is to find the bulls. If the bulls have enough chips, then buy them at the appropriate price. Even Tianheng does not use Tianheng's name to repurchase stocks, but the board of directors and several major shareholders raise funds. Buy back directly.

The off-market agreement acquisition does violate the "three fair principles" of the stock market, but Tianheng's board of directors and major shareholders took a detour. They used various methods and were determined to acquire these stocks themselves, so it would be difficult to investigate.

You can't allow others to purchase securities through agreement, right? We have not violated existing regulations, and no one can say "no".

Lei Hao immediately started negotiations with the other party...