Rebirth of the Financial Overlord
Chapter 557 24 billion pounds evaporated in one hour
Shen Jiannan's words made William secretly roll his eyes. He really didn't understand what fun there is in short selling a listed company.
Of course, if he knew that many listed companies in the Hong Kong stock market were jointly attacked by Wall Street and the British, and more than 90% of the market value of a company could be wiped out within an hour, he would be able to really enjoy it.
However, Shen Jiannan was right in saying one thing. When there is hope, people will be more desperate, and when hope turns into despair, that kind of despair will make people completely collapse.
"Six billion pounds. This is a lot of money. Now, Sichel Industrial Group has a huge risk, and we should not bear this risk."
"Although according to the additional terms of the contract, we have the right to resolve the crisis as the first responsible person when responding to the crisis."
"Mr. Redmelling, what do you think?"
"."
Barings Bank.
Following the Sichel Industrial Group's call for help, the president, Sam Redmering, had to send a notice to the board of directors. After all, to mobilize another one billion pounds, this kind of amount is simply not something he can make.
But uncharacteristically, the members of the board of directors were not optimistic about the future of Sichel Industrial Group, and instead asked Sam Redmelin to pay attention to the risks he had to face.
The meaning of the board of directors is already very clear, as the president, what can Sam Redmelin do.
Adoration Mrs. Rui, David!
"I understand. According to the bank's risk control regulations, we have the right to liquidate part of the shares of Sichel Industrial Group in a way to deal with the crisis."
"Very well. Just as long as you understand."
"."
As the calls from various countries hung up, Sam Redmelin glanced at Seth Bacon, who nodded, picked up the phone from the trading department and dialed out.
"Thomas. Now, selling 30% of the shares of Sichel Industrial Group at the market price will cause the stock price to drop? No, this is none of our business. We also need to control risks."
"."
"They will certainly say yes."
"Will!"
"Believe me, my relationship with Sam Leylin is very good, I even met my sister-in-law.'
"."
Birmingham, Sichel Industrial Building.
David Sitchell and several members of the board of directors were sitting in the meeting room of the securities department waiting hopefully for the reply from Barings Bank, and tried to appease the mood of the chairman and other major shareholders.
But unfortunately, compared to Norman Lamont's blushing and heartbeat when facing the camera, David Sichel's body movements and expressions deeply betrayed his heart.
There was an abnormal blush on his pale face, and there was also a kind of panic that anyone could see in his brown eyes.
Everyone knew that he had no confidence in what he said.
What do banks do?
Banks in other places are present. These people don’t know, but British banks have always had a survival rule. Borrow umbrellas on sunny days and collect umbrellas on rainy days. Already God bless.
Old Sichel knew his son better than anyone else. Seeing David Sichel almost collapsed in fear, he sighed helplessly in his heart.
"David, it's already this time, can you tell me what's going on!"
"I don't know, I really don't know. I felt something was wrong as soon as the market opened in the morning. I called you immediately and arranged for the securities department to stabilize the stock price, but I didn't expect the market to collapse so quickly."
"Don't you really know? Tell me, maybe we still have a chance."
"I really don't know."
"."
Seeing his son's cowardly and frightened appearance, old Sichel's eyes showed a deep sense of disappointment.
Although David Sichel didn't admit anything, how could he fail to see that at this last moment, his son was still thinking of shirking responsibility instead of grasping all hope.
Probably feeling his father's disappointment, David Sichel, who was almost crying, collapsed completely. Like a child, he collapsed on the ground and burst into tears.
"Father. I'm sorry, I really didn't expect this to happen. I just wanted to get on good terms with Barings, but I didn't expect to offend that Eastern bastard and demon, he must have done it."
"Oriental?"
An ominous premonition rose, and old Sichelton stood up from his chair.
"It's that Shen Jiannan. I attended the opening banquet of Jiuding Bank with Sam Leylin yesterday. I'm sorry, father, I really didn't mean it."
"."
In an instant, old Sichel's blood pressure went up, and he lay down on the table clutching his heart in pain.
Others may not know what Shen Jiannan did in England. As a close friend with Norman Lamont, he has a deep understanding of what that devil from the East has done in Europe.
ring ring ring——
The harsh phone ringing suddenly rang.
As if he had grasped the last straw, the weeping David Sichel got up from the ground and grabbed the phone.
The call came from Barings Bank, who was also David Sitchell's good friend Sam Redmelin. He said in an apologetic tone, "I love Sao Rui."
boom--
Like a thunderbolt exploding in his head, Sam Redmelin's tone was very low, but also full of sincere apology, causing David Siechel to drop the phone to the ground with a trembling hand.
But fortunately, the quality of the phone was very good, and the phone line was buffered, so it didn't break.
"David. I did my best."
This is not true.
This must not be true.
As if self-hypnotized, David Sitchell quickly grabbed the phone again.
"Sam, you're kidding me, aren't you? You're going to help me, aren't you? Huh—Sam, you have to help me. If you don't help me, Sichel will be finished."
"I'm really sorry, but that's what the board means. We have to be accountable to our investors. You"
Probably knowing that what he was going to say was too cruel, Sam Redmelin was really unable to say the final decision of the board of directors, so he could only use a more euphemistic term.
"You have to be prepared. David, I'm really sorry. But it's not up to me."
"."
After all, it is the president of Sichel Industrial Group. Although Sam Redmelin didn't say it clearly, David Sichel still understood what he meant.
So, David Siechel was completely devastated.
"Bastards. You goddamn bastards, you goddamn bankers are all robbers. Do you know that I did it all because of you yesterday, and now you're robbing when it's hard to write about Chell, damn it, you go Die. Damn robbers, the devil I curse these robbers to hell"
boom--
beep beep——
Listening to the beeping sound from the phone, Sam Redmelin gave a wry smile.
In some ways, their banks are indeed robbers. At this time, if Sichel Industries Group is given a little more time, maybe they can survive this crisis, but now, the banks are going to sell their stocks To avoid risks, even if God comes, it will not be able to save the current Sichel industry.
Dog solicitors, my friend.
After adjusting the buttons on his suit, Sam Redmelin shouted, "Seth. How much damage have we recovered?"
"One billion!"
Taking a look at Sichel Industries, which had fallen to 1.26 pounds, Red Merlin had to remind him.
"It's too slow, they owe us £60 and I think the risk has to be kept to a level we can afford."
"I see."
"."
Sichel Industries Group
1.23 Sell 100000
1.2 sell 12222222
1.05 sell 11111111
As the major shareholder of Sichel Industrial Group, the shares held by the Sichel family are terrifying. As Barings Bank carried out risk control regardless of cost, it sold the shares of Sichel Industry in the market. In just 30 minutes, Sichel Industry The price of the group dropped to 0.35.
The major shareholders have all run away, who can take such a big plate.
At the close of trading in the morning, a jaw-dropping figure stood still on the board.
Sichel Industries, 0.278, -87.89%.
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