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? On January 3, 1994, the second day of the Swire Sniper Battle
Hong Kong Stock Exchange
The British Swire Group, which has just woken up from a dream, announced a high-profile announcement to mobilize HK$3.5 billion for anti-acquisition. The competition in the capital market has become fierce. Since the two stocks of Cathay Pacific Airways and HAECO have been settled, the main battlefield between the two parties is Swire.
? After opening at 9:30
On the basis of the 63% surge yesterday, Swire shares once again broke through all the way up. The stock price was like a runaway wild horse from 66 Hong Kong dollars, supported by surging buying all the way up, and soon broke through 100 Hong Kong dollars, 120 Hong Kong dollars, HK$150
?As of the close at noon, Swire shares reached HK$168.96 per share, soaring 256%. The market was trading in a frenzy, with a turnover rate of 55% in half a day and a turnover of HK$15.2 billion.
After opening in the afternoon
Swire stock still maintains a strong and volatile upward trend, hitting a new high tenaciously against a large number of sales orders. The highest point was 188 Hong Kong dollars per share. Compared with the average price of 41.58 Hong Kong dollars before the acquisition, it soared 452.14% in a straight line, and the market fell into a carnival among.
? Both the long and the short sides fell into a fierce game, and there were constantly large sales orders, worth millions of shares, which soon disappeared in the frantic buying.
?14:35 pm
?The latest news came from the board of directors of Cathay Pacific Airways. Mr. Yu Chengde, the new vice president of Pacific Holdings, was elected by the board of directors to be the chairman of Cathay Pacific Airways.
? Mr. Yu Chengde, Chairman of Cathay Pacific Airways said;
We will actively introduce foreign capital, and make every effort to build a globally competitive Cathay Pacific, increase the number of fleets, increase routes, enhance services, and strengthen team building. It is expected that the company will not pay dividends within five years, and will use all profits Take them out to consolidate the foundation of the enterprise.
?The news quickly spread to the hot stock exchange, market observers were unanimously pessimistic, and many long-term investors were even more chilled.
What the hell are you doing?
Actively introduce foreign capital?
That is to say, there is a plan to introduce foreign ghosts to inject capital and dilute the original shares, which is absolutely bad news.
The next news is even worse. If you invest in Cathay Pacific, you will not get dividends for at least five years. You can subconsciously understand that the time may be longer. This is no less than an earthquake for long-term investors.
Invest in the stock market, short-term game to get profit margins, long-term investment to get dividends, there are no fools to invest.
Is Cathay Pacific stock a golden baby?
Sure enough, after the detailed news was confirmed, because Cathay Pacific was suspended for one day, the stock price of related companies plummeted. This is because investors are voting with their feet.
?Cooperating with the dust of the merger and acquisition news, the new chairman was unanimously pessimistic by the market, and the share price of HAECO was unstoppable like a laxative.
Everyone in the market is watching the upcoming board meeting of Airport Machinery Engineering on the next day, and they are even more afraid that Mr. Yu Chengde will take over the listed company. That would suck.
? In just half an hour, HAECO lost more than half of its market value, falling back to its previous stock price, and the downward momentum could not be stopped, resulting in a tragic situation of empty and short.
Half is flame, half is sea water.
Affected by this news, Swire Pacific was continuously suppressed by large empty orders at the high point of 181 Hong Kong dollars per share, and the stock price fell amidst the rain of selling orders.
A large number of market investors and the main buyer, Swire Group, had no time to withdraw their purchase orders. They actually sold a huge amount of HK$4.4 billion in just three minutes, setting the highest trading volume per unit time in Hong Kong stocks.
Pacific Holdings began to smash the market
Seeing this scene, speculators feel as if a pot of cold water is being poured on their heads, and their hearts are chilled.
? If you are smarter, you will turn short immediately, and borrow shares backhand to place a sell order.
Swire stock's continuous surge of buy orders was quickly overwhelmed by the surge of sell orders. The stock price plummeted to 160 Hong Kong dollars, 140 Hong Kong dollars, and 120 Hong Kong dollars. The daily turnover rate is as high as 177%, and the turnover is as high as more than 50 billion Hong Kong dollars.
?Stocks on the Hong Kong Stock Exchange can be traded multiple times a day, and important market participants continue to buy and sell according to strategic planning, pushing the stock price to move in a predetermined direction, and the trading volume has risen sharply.
In just one day, the 3.5 billion Hong Kong dollars raised by Swire Group and the 1.1 billion Hong Kong dollars raised again in the afternoon were exhausted.
After fierce games throughout the day, Swire Group's shareholding has soared from 34% to 39.42%. The good news is that it once again overtook its opponent to become the largest shareholder, consuming a total of 4.45 billion Hong Kong dollars in funds. The bad news is that the funds and ammunition have been exhausted.
&nb100 million Hong Kong dollars, many of the trading seats of its major customers were blown out, and they lost all their money. The shareholding ratio increased from 39.42% to 43.62%.
If it weren't for the continuous liquidation of major customer seats, Swire Group may have won the game today.
at the same time,
The shareholding ratio of Pacific Holdings has increased significantly from 33.1% to 41.5%, of which 16.1% were traded in the last 15 minutes.
According to the regulations of the Stock Exchange, any increase or decrease of more than 5% ratio, the shareholder must issue an announcement.
Pacific Holdings issued a shareholding increase announcement at the last minute, announcing to the market the shocking news of an increase to 41.5%, and suggested that the board of directors of Swire Pacific be held on January 6, which means that it is not far away from fully controlling the controlling stake.
This announcement of increasing holdings completely extinguished the luck of market participants.
? On January 5, 1994, the fourth day of the Swire Sniper War
Open in the morning
The stock price of Taikoo shares plummeted, and soon fell to HK$47 a share. Whenever there was an influx of buying orders, there were huge selling orders. Miserable.
The main seats of the British Swire Group went bankrupt one after another, and they were no longer able to mobilize funds to remedy the situation. Pacific Holdings smashed the market extremely fiercely.
After opening in the afternoon
The price of Swire shares fluctuated violently at a low level, dropping as low as 22.6 Hong Kong dollars per share, and closing at 23.2 Hong Kong dollars per share.
? One minute before the market close, Pacific Holdings issued another shareholding announcement at the last minute, announcing to the market that it had increased its absolute controlling stake to 51.77%, and the next day, trading was suspended for a one-day board meeting.
The battle ended successfully. After four consecutive days of fierce capital battles, after statistics, the speculation book made a floating profit of 5.32 billion Hong Kong dollars, shaking out most of the scattered chips in the market. The average cost of holding shares reached 89.9 Hong Kong dollars per share, and the total market value loss was 6.52 billion Hong Kong dollars. Complete victory.
So far, Pacific Holdings, the largest shareholder of Swire Pacific, has only 6.73% of the scattered chips in the market, which is no longer enough to affect the two giants' struggle for hegemony.
? On January 6, 1994, the fifth day of the Swire Sniper War
The board of directors of Swire Pacific was held as scheduled, and the scene that market participants were most worried about finally happened. Mr. Yu Chengde, who can be said to be the biggest short-seller on the Hong Kong Stock Exchange, took up the post of chairman of Swire Pacific under warm applause, which made people feel cold from head to toe.
? Sure enough, the subsequent board announcement was no different from the previous two, and the market's reaction to it was
Hold! fall.
After the opening of the market on January 6, the price of Taikoo shares instantly broke through 20 Hong Kong dollars per share, and it fell continuously throughout the day. It was only at the end of the day that there was weak buying support, and the closing price was fixed at 17.53 Hong Kong dollars per share.
In the following two weeks, the price of Taikoo's stock has been in a slump, hovering in the range of 15 to 17 Hong Kong dollars per share, and its performance is very sluggish.
?The Taigu sniper battle ended, and Mr. Yu Chengde, who followed the boss Wang Yaocheng's fame and resounded in the financial circles of East Asia and Southeast Asia, was jointly elected by the financial circles in Hong Kong as the "Supreme Faint God", and he also became famous in the first battle.
For Wang Yaocheng, he doesn't care about a huge loss in market value, since he is so rich anyway.
The Swire Group is suffering. The stock price has always hovered at a low level. For the Swire Group, which is doing more financing, it is dancing on the blade, and it will disappear if it is not careful.
They can only grit their teeth and sell stocks at low positions to cover their positions, so as to prevent all positions from blowing up. This is simply vomiting blood to survive!
Pacific Holdings is smiling and accepting chips at a low position. The current Swire stocks are notorious like shit, and the stocks of the three listed companies in the Swire group are sluggish. They are not bold speculators, and they really dare not touch them.
On average, the Swire Group¡¯s cost of financing from securities firms to do long is as high as 122 Hong Kong dollars per share, but it has to make up for it in the range of 15 to 17 Hong Kong dollars per share, and it will lose more than 100 Hong Kong dollars per share.
From time to time, the stock price will fall below 14 Hong Kong dollars a share, and every time it makes Swire Group terrified, and has to sell stocks to cover its positions.
? As one goes up and down, the shareholding ratio of Pacific Holdings has gradually increased from 51.77% to 53.06%, consolidating Swire Pacific's position as the controlling shareholder.
Such days are very tormenting. If the price fails to recover for a long time, for the Swire Group, which maintains a heavy position and long position, it will always be standing on the edge of the cliff and being swayed by the strong wind.
Seeing whether the opponent is happy or not, he can put Swire Group to death at any time.
The most correct way is to admit the blood loss and get out. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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