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Is Hunter afraid of Yi Xiaohai?
Very scared!
Robert thought Hunter was arrogant and that was why he couldn't listen to his own advice, but that was not the case.
Hunter is indeed a very arrogant person, but he will not despise his opponents.
Because he defines a certain person as his opponent and proves that that person is worthy of his attention, how can he despise the other person?
When the club decided to deal with Yi Xiaohai, he already had a comprehensive understanding of Yi Xiaohai. He analyzed in detail the several investments that Yi Xiaohai personally directed.
His comment on Yi Xiaohai only had four words, which was miraculous.
Facing such an opponent, he did not dare to be careless at all.
This is the first wave of contact between the two parties.
??More public opinion guidance and the dual-pronged approach of the Han and Tang Dynasties in the stock and futures markets have proven that Yi Xiaohai seems to attach great importance to today.
He didn¡¯t know the reason, but Yi Xiaohai wanted to cool down the market, so he just needed to add more firewood, and he would be right.
Although it is too early to enlarge the move so quickly,
But Hunter felt it was necessary.
So he did not hesitate to ask Angel to initiate countermeasures to keep the market hot.
Angel received the order and immediately arranged for those companies to carry out buyback plans.
¡¡
"What did you say, repurchase?"
Han and Tang Offices,
Yi Xiaohai was shocked.
The Nasdaq index is falling slightly, and suddenly there is news that leading technology stocks such as Microsoft and Cisco have launched buyback plans.
It has undoubtedly injected vitality into the market, and the decline may have stopped.
It might even fall.
Niu Meili and Dong Li both looked serious. This was a test for them.
Ma Jun likes stock trading, but he is very poor at it.
He was very surprised. Is he so nervous about buying back stocks?
"Boss, how much impact can their buyback have on us?"
"The impact is huge!"
Yi Xiaohai looked serious and explained to Ma Jun.
Stock buyback is actually a very common means of capital operation.
The stock price is sluggish and the stock price is lower than the net asset value. Choose to repurchase the company's shares for cancellation.
Since the repurchase price is lower than the net assets, the net asset value can be increased after the repurchase. In addition, the reduction of total equity will indirectly increase the company's earnings per share.
Because the company's repurchase will cause the stock price to rise, after it rises to a certain level and is higher than the net asset value, the company can resume its financing function again.
Listed companies¡¯ repurchases and refinancing are actually a disguised form of selling high and buying low.
The U.S. market is relatively mature and stock buybacks are common.
Usually, companies choose to repurchase shares for a very clear purpose.
The company is in good operating condition and has sufficient working capital. Using free cash flow to repurchase shares will help increase earnings per share and reduce the pressure on annual dividends.
Or if the company's equity capital ratio is too high, stock repurchases can be used to increase the debt ratio and change the company's capital structure, which will help reduce the weighted average cost of capital.
Furthermore, maintaining a higher stock price prevents hostile takeovers, increases acquisition costs, and prevents the loss of control.
so,
When a company chooses to repurchase shares, it must have a purpose. Management cannot announce a repurchase just because it suddenly occurs to them.
And usually,
Companies repurchase shares only when the stock price is low, otherwise the cost will be too high.
It¡¯s the beginning of the year now,
The cash flow of leading companies in technology stocks is average, there is no pressure to pay dividends, there is no capital ratio problem, and the stock price is relatively stable.
There is no need to repurchase it.
So there is only one explanation for this situation. They are cooperating with Wall Street's actions.
Ma Jun sounded a little confused: "You mean, if a company announces a stock buyback, the stock price will rise?"
"Stock repurchases and stock issuance are opposites. Generally speaking, when a company announces a stock repurchase, it means that the company's stock price is undervalued. They are sending positive information to the market, and the stock will generally rise."
"Then how can we crack it?"
¡°The company itself has major operating problems and insufficient profits. It uses buybacks to support its stock price. As long as it is exposed, we can counterattack them.¡±
Hu Fei scratched his head,
?"It seems like a company like Microsoft doesn't have a problem with profitability."
"So it's difficult,"
Hunter¡¯s hand is indeed high.
"The Han and Tang Dynasties were forced to smash it, but the effect was very little. If they didn't smash it, it would probably be a hard battle next week.
"Xiaohai, companies like Microsoft have their own business strategies. Why did they choose to stand up and announce the buyback at this time? There is a big problem in itself,"
Niu Meili feels that there is no point in forcibly smashing the market, and the effect will not be very good.
The most urgent task now is to find out the reasons why these companies have come forward and take appropriate measures.
Otherwise next week,
Because of the buyback plan, the enthusiasm of stock investors has not diminished, Wall Street has been swooping in, and they are likely to fall into the quagmire.
Niu Meili¡¯s words reminded Yi Xiaohai:
"Is it the Monopoly Act?"
Yi Xiaohai seemed to have found a clue.
It is very unwise for Microsoft to stand up at this special time.
The only explanation is that the Locke family has given benefits.
This benefit is enough for Microsoft to compromise and repurchase it at a high price to help stabilize the market.
"The outside world basically believes that the final result will definitely be that Microsoft has violated antitrust laws, and Microsoft will be split into two companies. I think Microsoft itself may also know that if Wall Street agrees to let Microsoft go, the possibility of Microsoft agreeing to stand up is It¡¯s huge.¡±
Niu Meili is still very concerned about this protracted case.
The initial tipping point was actually related to Wall Street.
With the rise of Internet services, the development of Netscape and Sun Microsystems, Microsoft realized the problem and
Not only does it add Microsoft's Internet browsing capabilities to all operating systems, but it also provides IE browser software to computer manufacturers for free.
Netscape¡¯s market share dropped from 80% to 62%, while Microsoft¡¯s share soared from zero to 36%, causing great dissatisfaction from Netscape and other companies.
Behind Netscape and other companies are those on Wall Street, who guided the Microsoft Monopoly Act.
If Wall Street lets go, the final verdict may be very favorable to Microsoft.
Yi Xiaohai felt that if he found the problem, the rest would be much easier.
"Brother Dong, how many Microsoft shares do we have in our hands?"
"The total value is about 23 billion."
"That's not enough. If we collect 20 billion worth of stocks from the market, then run them all out at the same time, and sell them at a high price, I wonder if Microsoft will take over!"
"Xiao Hai, 43 billion in stocks have been sold out, and Microsoft doesn't have that much money to take it back!"
"Hahaha, I just told him that he has no money to collect. I wonder if he will slap himself in the face or find someone to help!"
Dong Li reacted immediately: "Are you trying to lure a snake out of its hole?"
"They are trading behind their backs, so I will expose them to the sun and see where they go!"
Everyone understood what Yi Xiaohai meant and showed a hint of evil smile.
Yi Xiaohai¡¯s move was a bit damaging.
However, it is indeed useful, very useful!
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