Rebirth of England
Chapter 47 Securities Lending and Short Selling
After hearing this, Barron also admitted that what Viscount Bute said this time was indeed sincere.
Moreover, establishing a joint venture real estate development company and joining it seems to be the most reasonable way.
"One more question, Lord Bute, how are the shares in the company distributed?"
"After joint consultation, there will be a result that everyone can accept in the end, Your Highness the Duke, and we have enough time to do this. You have to know that such a plan with such a large geographical scope and time span will It’s not something that can be achieved overnight, mutual trust will be the basis for all of this to be possible.”
Viscount Bute smiled and said:
"After all, we need more landowners to join us, and we also provide other options... But no matter what, Your Highness, your land cannot be ignored."
"Okay, Your Excellency, I am willing to join your cooperation plan in principle. I just hope that we can continue to be honest."
…
Whether it is developing the family's traditional industry, acquiring the Independent newspaper, or even establishing a presence in King's Cross, Barron now needs a lot of capital.
Therefore, after having this conversation with Viscount Bute, he went to the Financial City and prepared to concentrate on completing this short-term short sale.
"BOSS, Barclays Bank has agreed to our short selling this time. We only need to use 10% margin, but they will monitor our account situation. Once we face the critical point of funds, we need to increase the margin in time, otherwise we will force Close the position.”
"Okay, I understand. Notify your team and get ready to work."
The Nasdaq market in the United States opens at 9:30 a.m. New York time.
London time is five hours ahead of New York time, so 2:30 pm in London is exactly 9:30 am in New York time that day, which is when the Nasdaq stock market starts trading.
"Daisy, notify Barclays that we need to borrow £50 million worth of AirGate shares!"
Yes, this time Barron’s is planning to short-sell AirGate, a subsidiary of Sprint, the third largest operator in the United States. Its current market value is around US$2 billion and its stock price is close to US$40.
The reason why he chose to short this company's stock is because when Barron was looking for short-term opportunities, he finally remembered that this company was one of the stocks with the largest decline in the U.S. stock market this year.
And AirGate stock started to fall just recently!
"BOSS, Barclays Bank has agreed to our application to borrow AirGate shares and is already providing securities lending for us."
Barron looked at the time and saw that today was July 4th. Fortunately, although the time was tight, it was still not too late.
As one of the largest banks in the UK, Barclays has close cooperation with the Nasdaq stock market, so their securities lending operations are very fast.
In less than an hour, DS Capital received notification that the other party's securities lending was completed. At this time, they had borrowed the corresponding number of AirGate shares and could sell them.
"Start selling these stocks, pay attention to the rhythm, and minimize the impact on the stock price, but I need to sell all these AirGate stocks in my hand within two days!"
"Okay, BOSS."
Although Daisy didn't say much, her expression was not relaxed.
Today is Thursday, and Barron gave her only two days, Thursday and Friday...
You must know that the market value of AirGate at this time is about 2 billion US dollars. It is impossible to sell about 75 million US dollars worth of shares in two days without affecting its price - the exchange rate of GBP/USD at this time is 1: 1.5, 5 million pounds, 10% deposit, leveraging assets of up to 75 million US dollars!
But there is no way. Barron himself was somewhat temporary when he decided to go short this time, and the time window given to him was already very short.
However, he also regarded this operation as an assessment of Daisy's team. After all, after this, he will have more and larger securities investments, which will require a highly skilled trading team.
…
"Bonnie, you are so beautiful today. This is a gift for you."
Seeing the jewelry box that Barron took out, Bonnie looked surprised:
"May I take a look at it?"
"certainly."
"Wow, that's beautiful...thank you, Barron."
Opening the jewelry box, Bonnie saw a silver-white earring studded with diamonds inside. She happily said to Barron, her eyes filled with joy.
Speaking of which, since coming to this time and space, Barron has only had close contact with Aurora, but it seems that she was really angry last time. After leaving Barron's apartment, she claimed that she was leaving London. After staying home for a while, Barron didn’t even reply to his text messages and phone calls.
Since he no longer had this PY (friend) for the time being, after having a little leisure time, Barron thought of asking Bonnie to meet. It wasn't that he had ignored this beauty before, but it was just that Barron was busy with work and Bonnie. The same is true.
She has been very busy at the TV station recently - in order to have a holiday later, Bonnie can be said to have concentrated a lot of work on this period of time.
Moreover, she had to continue writing after work. Even her cousin, Viscountess Chris, complained to Barron that she often hung up on Bonnie after a few words on the phone.
"Seeing as you have lost some weight, Bonnie, you should pay more attention to rest."
"I will. I'm a little sorry today, Barron, for asking you to wait until now before I get off work."
"I just got off work not long ago. We have just the right time."
At this point, Barron did not lie to her. The Nasdaq trading ended and it was already nine o'clock in the evening in London. Barron happened to pick up Bonnie after finishing today's selling transaction.
In general, DS Capital's results in selling AirGate shares today were pretty good. About 1.83 million shares were sold today, and more than 1 million shares were sold today. However, AirGate's share price only dropped from the initial $41 to about $38. , the current buying demand for this stock is still relatively strong.
Also in the second quarter financial report, when most telecom stocks were underperforming expectations, AirGate stated that its users were steadily increasing, making the company one of the few telecom stocks that did not fall at the time.
But wait until this Saturday, an announcement that will shock investors will come out...
"Dear Bonnie, I found a French restaurant in Mayfair. It tastes pretty good. I can go there and try it today. I've already reserved a seat."
"That's great. I have to say, I've had enough of the food from the TV station these days."
When the Rolls-Royce took the two to Mayfair and arrived at the restaurant Barron mentioned, Bonnie discovered that Barron had not just reserved the location, but had directly booked the entire restaurant. , at this time, only meal service is provided for the two of them.
"This is such a surprise, Barron, I feel like I'm in a dream."
Seeing the table surrounded by flowers, Bonnie watched the waiter pour the red wine into the decanter. She felt like she was already intoxicated before she even started drinking.
"As long as you like it, Bonnie. You have to be busy with work and complete writing during this period. It is really hard - and the quality of those novels is so high that they have been loved by all readers."
"I also enjoy it. I haven't experienced this feeling of creating the lives of many characters for a long time. Sometimes I feel that my writing seems to be observing the lives of those characters, or even having conversations with them. This kind of feels good."
The dinner between the two began with the novel "Downton Abbey" that Bonnie was writing. Barron also learned about the progress of Bonnie's writing at this time. The entire first "Downton Abbey" , at this time she has written most of it, and she estimates that she will be able to finish the rest after going to Chatsworth Manor again in the past few days...
"I have a few days off starting this weekend. I have been missing my previous life at Chatsworth Manor. In addition, I have accumulated some questions that I need to ask Mr. Sean and Ms. Riley for the rest of the novel. Please tell me, my novel starts from Chatsworth Manor, and I particularly hope to end the first part in this manor."
"This is perfect, isn't it? It happens to be the weekend, and my work can come to an end. I can go to the manor with you to stay for a few days."
The data during the new book period is related to subsequent recommendations, so follow-up reading is very important. I beg you not to keep it all the time. If you feel that it is okay, read it every day to help increase follow-up reading. Thank you very much.
You'll Also Like
-
My life of martial arts training
Chapter 745 12 hours ago -
Fairy sister from heaven
Chapter 369 14 hours ago -
Evil Hero
Chapter 409 15 hours ago -
Throne of the North
Chapter 417 16 hours ago -
Doomsday: I Build an Infinite Train
Chapter 110 16 hours ago -
Become a wizard lord with a copy system
Chapter 126 16 hours ago -
Bro, you are a policeman, not a thug.
Chapter 505 16 hours ago -
Extract Xiuxian University at the beginning
Chapter 127 17 hours ago -
Cyberpunk: 2075
Chapter 388 17 hours ago -
Fantasy Library
Chapter 120 17 hours ago