Reborn as a tycoon in Hong Kong
Chapter 179 Wait and see
Friday night.
Peninsula Hotel, in the luxurious suite where Iwasaki Mineryu stayed.
After Lin Baicheng and Iwasaki Mineryu had dinner together, they counted their respective buying quantities and how to operate better in the future.
Mineryu Iwasaki said: "In terms of options, we received an order of HK$220 million with an exercise price of HK$6. Most of the remaining orders were released after the stock price plummeted, but there was no 220 million in excess. There are so many Hong Kong dollars, only 140 million Hong Kong dollars, and the average exercise price is 4.2 Hong Kong dollars. In other words, in terms of options, we have received a total of 360 million Hong Kong dollars in orders."
"In terms of stocks, I bought them earlier, but in general I bought more as they fell. Now I have bought a total of 48 million shares at a cost price of HK$4.1. I spent a total of nearly HK$200 million, accounting for 12% of the company's total share capital. , it can be said to be quite a few.”
"It's indeed quite a lot."
Lin Baicheng nodded in agreement, and then said: "The funds for Hutchison Whampoa's repurchase were purchased later, so the number of shares purchased was not as much as yours, but the same cost price will be relatively lower. Not long after the stock market closed, I got According to the report, Hutchison Whampoa repurchased a total of 23 million shares at a cost price of HK$3.56, and spent a total of nearly HK$82 million. Now there are only about HK$18 million left to repurchase."
In fact, what Lin Baicheng didn't say is that he asked Cheng Yufeng to allocate 100 million Hong Kong dollars from various companies. Almost all purchases were completed today. A total of 26.5 million shares were purchased at a cost price of 3.54 Hong Kong dollars and nearly 94 million were spent. Hong Kong dollars, there are only more than 6 million Hong Kong dollars left to buy.
Iwasaki Mineryu said: "The buyback of Hutchison Whampoa is almost completed, it is less than 20 million Hong Kong dollars. With the current trading volume of Hutchison Whampoa, it will not take long to buy it out."
Nodding, Lin Baicheng said: "Iwasaki-kun, although the 840 million Hong Kong dollars you brought cost less than 600 million Hong Kong dollars, I think it's almost enough. We will buy some more on Monday and announce the investment truth to the public on Monday night. The funds are just used to push up the stock price, lest the short side continues to suppress the stock price.”
"Just do as you say, Mr. Lin."
Iwasaki Mineryu nodded and did not object. He smiled and said: "I believe that the short side will not be so stupid. If they still suppress the stock price when there is a big benefit, they are completely struggling with their own money. As long as they have If you are rational enough, you should admit defeat and hedge to reduce your losses."
"Iwasaki-kun is right."
Lin Baicheng nodded in agreement. Under normal circumstances, it should be like this. If you admit defeat, you will be beaten. If you refuse to admit defeat, you will only lose more.
Iwasaki Mineryu asked aloud: "Mr. Lin, how high do you think it is appropriate for us to raise the stock price?"
Lin Baicheng gave a number: "At least 15 Hong Kong dollars, what do you think, Mr. Iwasaki?"
"Jun Lin, you are too conservative."
Iwasaki Mineryu couldn't help but shake his head after hearing this. He said: "After I came here, I asked someone to investigate Hutchison Whampoa's operating conditions in the past few years. I won't talk about the previous reorganization. Let's just talk about the company's profit last year. It's a little more than 100 million Hong Kong dollars. The company's operating profit this year will definitely be more than last year, at least not bad. In addition, the profit here is at least 500 million Hong Kong dollars, which is enough for the company to make three or four years. With all the hype, the stock price can't go up. The base before the crash increased by two or three times.”
Lin Baicheng listened and said: "Of course it's good if it can rise that much. I said 15 Hong Kong dollars is a guarantee. It's best to support it at this price. If it doesn't work, we have to support it at 12 Hong Kong dollars. Our profit cannot be too low."
"Lin Jun, I think the price you mentioned is not a problem at all."
Although Iwasaki Mineryu is not a professional, he has professionals who have analyzed it for him, so he said: "Now the stock price has plummeted due to wrong negative news. After the truth is announced, no matter how hard it falls now, it will rebound later." The retaliatory market price will be as high as possible. Let alone 15 Hong Kong dollars, I think 20 Hong Kong dollars or even higher is possible."
"Iwasaki-kun, don't forget this."
Lin Baicheng couldn't help but shake his head after hearing this: "Hutchison Whampoa's total share capital is 400 million shares. If the stock price rises above 20 Hong Kong dollars, the market value will be equivalent to sprinting towards 10 billion Hong Kong dollars. You know, before the negative news appears, The total market value of Hutchison Whampoa is just over HK$2.6 billion. The higher it goes, the greater the pressure. A price that can reach as high as HK$20 is pretty good, and we want to go even higher."
"Lin Jun, let us wait and see."
Iwasaki Mineryu smiled. After all, he worked at Mitsubishi Bank and was also in finance. He knew very well the mentality of people who speculate in stocks. When many people see Hutchison Whampoa's stock price rising sharply, they may hesitate at first, but as the stock price continues to rise, reason will gradually disappear and emotion will become dominant, and then the stock price will continue to rise driven by emotion.
Of course, once this kind of stock price trend crashes, no matter how crazy the rise is, the subsequent fall will be just as crazy. It may even take a long time to digest the previous roller coaster market, because too many people's funds are trapped at a high level. Can't get out.
For stocks with this kind of trend, if the company's performance is not very good, or there is no big profit, then a lot of funds will be trapped and unable to escape. Every time the stock price reaches near the previous high, it will encounter tremendous pressure and then be suppressed, and so on.
Iwasaki Mineryu doesn't care how Hutchison Whampoa's stock will perform in the next six months, a year or even longer. He only needs the stock to rise sharply in the short term of one month, so that he will have enough Profit.
"Okay, let's wait and see!"
Lin Baicheng smiled and nodded. The higher the stock price rose, the greater the benefit to him would be. Although he said he would not reduce his holdings in Hutchison Whampoa, first of all, the higher the stock price rises, the more he will earn this time. Secondly, the higher the stock price, the easier it will be for Hutchison Whampoa to raise funds, which will bring many benefits.
After leaving the Peninsula Hotel, Lin Baicheng returned to his villa in Repulse Bay.
After returning home, Lin Baicheng called Shen Porridge and talked with Shen Porridge about working together to increase the stock price.
After consultation, Shen Zhou agreed that everyone would work together to raise the stock price to above HK$15. In this way, if the stock price is lower than 15 Hong Kong dollars, everyone will have a tacit understanding not to ship in large quantities. If the stock price is higher than 15 Hong Kong dollars, everyone will ship if they want. They decide for themselves. Only by cooperating with each other can they earn greater profits.
Otherwise, if there is no certain tacit understanding, everyone does their own thing, and then they all run together after the stock price rises to a certain level, it will inevitably cause the stock price to fall immediately, which is not good for everyone.
Everyone agrees not to sell in large quantities at a certain price, so that the upward trend will not collapse and they can sell stocks according to their own judgment and earn more profits.
(Thank you to ‘I am Jin Ershun’ for your huge 1500 point reward support!)
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