Break out of the courtyard

November 1972, 11, Black Monday.

Following the stock market risk warning from Huifeng Bank's CEO, the stock prices of listed companies on Hong Kong's four major stock exchanges plummeted across the board, with the Hong Kong stock index plunging 87 points, or 11.5%.

The milk company's stock plummeted 20%, closing at 232 yuan!

Land Corporation plunged 23%...

How could such bad news lead to a comprehensive plunge in Hong Kong stocks?

Stock broker Chen Shuting found a reason for herself to ask why the price plummeted. She hurriedly ran to Villa No. 8, but failed. Zhang Heping went out to do errands last night, and his return date has not yet been determined.

The next day, the stock market rebounded violently, allowing Chen Shuting to vaguely guess the answer:

The main force took advantage of the bad news and shipped goods at high prices!

Then take the order at a low price, stabilize the stock price, and prepare for the next shipment!

If Zhang Heping were here, he would definitely reiterate to her the concept of chasing the rise and killing the fall, and shorten the time unit to minutes instead of days.

In the next three days, Land Company's advertising copy was everywhere, and Land Company actually broke the window paper:

Our real estate company is interested in the land of your milk company. What can you do?

Only by letting our Land Company build skyscrapers on the grassland where you raise cows can the interests of "shareholders" soar into the sky!

Our shareholders, delete “our”…

The milk company did not show any weakness. The company's money was poured out, and advertising copy dominated all major media in Hong Kong to dissuade shareholders not to be fooled.

During this period, apart from the melon-eaters, the major media outlets were the happiest. They also provided editorial, news and other sections for the acquisition.

Chen Shuting watched the excitement for a few days, and then she was surprised to find that the milk company's stock price this week had been fluctuating violently between 220 yuan and 246 yuan. It seemed that the main force shipped goods at high prices after the market opened in the morning, and then took over at low prices before closing in the afternoon to boost the stock price. .

However, the large-value dairy company stocks of 10,000 and 20,000 shares were no longer traded, and all were small-value stocks such as 1,000, 2,000, and 5,000 shares.

However, even a small amount of 1,000 shares of milk company stock requires more than 200,000 Hong Kong dollars to buy hot milk stocks.

On the 18th, the Dairy Company began to promote that the asset value of each share of its own company's stock was HK$80, while the asset value of each share of Land Company was only HK$28. The total value of the two shares was only HK$56. A share exchange would result in a huge loss! Don’t change it!

If Zhang Heping sees this news, he will probably scold the milk copywriter and planner for being brainless!

Your stock has risen to more than 200 yuan, but you told shareholders that your asset value per share is only 80 yuan!

Are you telling the shareholders of the milk company to sell your shares quickly? If you sell them, you can double your assets per share!

However, Land Corporation is also a leader, listing a bunch of revaluation asset reports, claiming that the value of each share of the reorganized Land Corporation's assets has doubled to HK$52.

In other words, two shares are worth 104 Hong Kong dollars, which is 80 yuan more than the 24 Hong Kong dollars of the dairy company. There is no loss in the share exchange!

Neither of these two companies seems to understand why retail investors are buying milk stocks so frantically, or in other words, they dare not tell retail investors that their calculations are wrong.

In other words, their goals are the same...

But it doesn’t matter. Most people in Hong Kong these days don’t understand the concepts of assets per share and net assets per share.

After all, Hong Kong Islanders only started to trade in stocks in 1969. The previous Hong Kong Island Stock Exchange was opened for foreigners, so it is normal for them not to understand stocks.

By the way, since Zhang Heping distributed leaflets and threatened newspapers and radio stations to publish articles, the Hong Kong government also printed many "Instructions for Buying Stocks" brochures and placed them in various banks and stock exchanges for people to read for free.

Unfortunately, few people watch it!

No matter who wins the war of words in the media advertisements, there is a long queue for those who go to Central every day to register for milk shares to be swapped for land shares!

In order to facilitate the exchange of shares by Dairy shareholders and retail investors, Land Corporation has added a new registration office at Star Plaza, Salisbury Road, Kowloon.

The group of retail investors gathered together to exchange shares, which further added to the credibility of the exchange of 1 Dairy Company stock for 10 shares and 10 shares for 20 Land Corporation shares.

Just as the deadline for stock exchange registration was approaching, a company called Chinachem (MAO) Real Estate joined the battle on November 11.

The lines of the white knight's appearance are very interesting. There is only one advertisement in the major media:

"Do you know who is developing real estate with the dairy company?"

In order to cooperate with this advertisement, the milk company held another press conference at 24 pm on the 2th to announce the establishment of a new company "Milk Real Estate Co., Ltd." with Chinachem Real Estate.

At the same time, it was announced that Milk Real Estate Company will be listed on the Kowloon Stock Exchange in the near future. 25% of the new company's shares will be distributed to the shareholders of the milk company. Please keep your own milk shares!

Yes, it’s the Kowloon Stock Exchange where the listing review threshold is equal to the “tea fee”!

As soon as the news of bonus shares came out, the milk company's stock rose sharply again, breaking through the 280 mark, taking other stocks with it!

What does Chinachem Real Estate Co., Ltd. do?

First of all, the strength of this company is a little stronger than the business of Heping Real Estate Co., Ltd.

Chinachem Real Estate has built at least a few low-end small buildings in the countryside of the New Territories. Although it is unknown in the real estate industry on Hong Kong Island, it is better than Heping Real Estate, a rent-collecting company.

However, Boss Huang of Chinachem Real Estate is not as rich as Boss Zhang of Heping Real Estate.

Boss Huang of Chinachem Real Estate announced in the advertisement that he would invest 1.24 million Hong Kong dollars in the Milk Real Estate Company, accounting for 24% of the shares. This was actually Sir Zhou’s connections; Lao Zhou introduced Boss Huang to borrow money from the bank, which was more than 1 The loan worth hundreds of millions is still being held up by the bank and has not been disbursed!

The Land Company's counterattack was somewhat ungrateful. It directly posted several 5- and 6-story small buildings built by Chinachem Real Estate in media advertisements. It asked the Dairy Company, "Do you plan to build such small buildings in the prime location of Causeway Bay?"

Or are we looking for this kind of trash to build skyscrapers?

Building small buildings in Causeway Bay is like raising cattle, a waste of natural resources, isn't it?

Who dares to live in a skyscraper built by rubbish?

Faced with such a sharp problem, the milk company's counterattack seemed too weak.

On the 26th, the milk company issued an advertisement stating that Chinachem is not a small piece of garbage, their company is full of talents, and the future of the milk real estate company is bright...

On November 11, when Zhang Heping went to the leprosy village again to deliver medicine, Land Company released a killer message:

After the share exchange, bonus shares will be given, 1 will get 5!

As soon as this news came out, the entire Hong Kong Island seemed to be quiet for a while, because all retail investors were scratching their heads and recalculating the share exchange formula:

1股256块的牛奶股变10股，10股换成20股116块的置地股，接着1送5？？？

1股256块的牛奶股=100股116块的置地股=11600港元！

Damn...

When stockbroker Chen Shuting learned about this new calculation formula from cheering retail investors in the Far East Exchange hall, her first reaction was: Crazy! It’s all crazy!

Then, she remembered Zhang Heping's advice to her, "When everyone is crazy, only by staying calm can you escape from the stock market."

Get away!

She suddenly understood the reason why Zhang Heping wouldn't let her buy stocks!

Because without Zhang Heping to take her with her, she was afraid that she would go crazy like other stock brokers!

On Wednesday night, November 11, Land Company claimed in media advertisements that it already held 29% of the equity of the Milk Company, announcing the successful acquisition of the Milk Company.

The key is, stop exchanging shares!

That night, Chairman Henry of the Land Company went to see Sir Zhou again, and with a sly smile on his face persuaded him to stay and continue to be the chairman of the milk company. No one can replace your position. You are so highly respected...

As a result, Lao Zhou was sent to the hospital out of anger!

Just when the third wave of skyrocketing Hong Kong stocks was driven away by brainless calculation formulas, the world sent a wave of east wind.

The United Nations voted to pass a resolution: the sovereignty of Hong Kong Island and Macao Island belongs to the mainland!

What makes Hong Kong people even crazier is that Huifeng Bank, which had previously been warning about stock market risks and stock bubbles, actually announced high distribution:

每股派3块5的股息，以及5股送1股，然后1股拆成10股。

Countless retail investors are speculating whether Huifeng Bank will also acquire a listed company?

……