Rebirth: The Financial Giant

If other companies want to carry out the stock repurchase process, they can't wait for their own company's stock to hit the floor, and then use the least amount of money to buy back the most shares from the secondary market.

However, Tiansheng Capital's repurchase process is obviously a high-priced repurchase, and it has become the main force to raise the stock price.

Since the company has spent money to repurchase shares, it will no longer distribute dividends, because the money for repurchasing shares is the part that will be distributed in subsequent dividends this year. For Tiansheng shareholders, although no dividends are distributed, asset prices have risen. , the stock held in the hands has greatly appreciated.

The reason why Lu Ming did this is actually to help Guo Jia's team to cash out at a high level, so that they can get more money than dividends, because they can bring market funds, and in this process, it will definitely push up the valuation bubble.

Then Guo Jia's team sold the chips to cash out at this time. You must know that Guo Jia's team has collected a lot of chips before. These are all real money and silver chips thrown by the market. The profits are withdrawn, and the chips are sent to other investment institutions in the market.

In this way, it is equivalent to raising a large amount of capital through the capital market, and then flowing into the real field.

Because the chips are distributed to other investors in the market, it means that the liquidity in the hands of other investors is locked in the stock market. Guo Jia's team took the liquidity out. It depends on how to support the real economy or something else. Configured, this is not something Lu Ming considers.

Obviously, this can obtain more liquidity than cash dividends. It is assumed that the cash dividend Guo Jia team can distribute 100 billion in cash according to the shareholding ratio, and by cashing out at a high level in the secondary market, it can cash out 150 billion in liquidity. Sex, definitely the latter is more cost-effective.

The extra 50 billion is the extra money for the inflation of the valuation bubble, and the cash dividends cannot earn the money from the bubble.

And looking at it from another perspective, the 50 billion is not a bubble, but it is equivalent to Guo Jia's team taking the dividends from other value investors of this stock and spending it first.

Because of the implementation of cash dividends, each shareholder account of Tiansheng Capital will receive the corresponding dividend funds according to the proportion of shares.

For example, Lao Yang, an investor, can get his own part of the money after the dividend is distributed, but because he does not pay dividends, he uses the dividends that should have been distributed to repurchase stocks. Because Lao Yang is a long-term value investor, He will not sell the stock for cash.

However, Guo Jia's team cashed out the chips distributed, which means that Guo Jia's team took away the real money of the part of the dividends that belonged to Lao Yang.

Take it and spend it first. What Lao Yang gets is only the virtual floating profit number reflected in the stock account, but the floating profit is not real money, only cashing out and pocketing is real money.

Did Lao Yang lose money?

It depends on the situation. If Guo Jia’s stock price remains strong and does not plummet after large-scale cash out, Lao Yang will naturally have no loss. If the stock price plummets, Lao Yang will definitely lose. Specifically, it can be divided into two categories: floating loss and actual loss. a situation.

If Lao Yang still holds the shares after the stock price plummets, it is a floating loss; if he sells after the plunge, it is a loss of real money, because the stock price has fallen and the dividends have not yet been received, it must be Losing money, or even losing money in dividends, also losing money for further stock price declines.

It can be seen that Lu Ming's operation of stock repurchase is actually an indirect way for Guo Jia team to spend this part of the shareholder's money invested by Tiansheng Capital's long-term value in this way.

But this is not a shareholder who invests at a pit price, pushing up the valuation bubble, but as long as it is digested through performance in the future, take Lao Yang as an example, after he gets the dividend money, he often increases his holdings backhand. If you increase your positions in Tiansheng's stocks, you will be happier if you can receive cheaper chips.

For long-term price investors, they will not sell easily anyway. If they hold stocks for a long time, there is no need to pay too much attention to short-term price fluctuations.

The difference is nothing more than the difference between equity thinking and cash thinking.

Guo Jia team needs cash, so they sell their shares.

Value investors feel that the stock price can go higher in the future, so they are willing to pay cash in exchange for holding the stock, and that's all.

...

When is the repurchase time? In the conference room, Xue Zhongming couldn't help but mention it. Although he bears the title of director of Tiansheng Capital and is a boss-level task outside, the company actually speaks to the people. It was Lu Ming, he had absolute right to speak.

Hearing this, Lu Ming pondered for a moment, and was estimating the time when Lao Mei would return to the carbine. The basis for judging was when her aircraft carrier vacuum period would end.

Most likely it will be next month, June.

In other words, in June, the two sides will fight each other and fight each other, and the result will determine how the market outlook of Tiansheng Capital will go.

If you have an advantage in this battle, or even the winning situation ends, the stock price of Tiansheng can safely rise, and the company can also spend money to repurchase shares without hesitation to raise the stock price.

It can be seen that these series of things are not independent, but are deeply related and affect each other. It can be said that a single trigger affects the whole body.

In any case, June is definitely the final decisive moment in this game, and it also determines whether the trend of the A-share market in July is upward or downward.

At the end, Lu Ming put away his thoughts and said succinctly: The day when the hat is removed is the time to start the repurchase.

Tiansheng Holdings is now staring at the ST stock hat. This hat will have to be worn for a while, and no matter what, it will have to be worn until next month.

...

Entering weekends and weekends, in these two days, the news continued to be negative for ST Tiansheng.

On Saturday afternoon, a news reported by foreign media aroused huge attention. According to the content of the foreign news, the shares of the Norwegian wealth sovereign gold held by Tiansheng Capital were reduced on a large scale.

The shareholding ratio has dropped from 3% of the total share capital to 1.98%. In other words, the Norwegian pension has already cashed out more than 150 billion yuan and withdrawn. Such a large-scale reduction is obviously not optimistic about the future of Tiansheng.

You must know that the Norwegian pension was once widely praised by investors as a model of real value investment in foreign capital. As a result, this big-eyed guy also chose to run away, and ran an astronomical figure as large as 150 billion.

It is true that Norwegian Pension has reduced its holdings significantly, but the proportion of foreign investors holding Tiansheng Holdings has not actually decreased much, because while foreign institutions like Norwegian Pension have continued to withdraw, Goldman Sachs and other Wall Street foreign investors have continued to withdraw. Institutions are coming in in a big way.

This weekend, Tiansheng Capital also caused a huge controversy in the public opinion field because of the agreement with North America.

Many ordinary netizens didn't understand, they were inexplicably frustrated and even angry when they read the news. What's more, they said that Lu Ming had changed his color and his ass had begun to crook.

A lot of investors have almost the same mentality, especially when they see that there is a liquidity investment of US$340 billion in the US stock market, that is 2.38 trillion yuan!

The U.S. stock market on Friday was hilarious, and it opened sharply higher at the open.

However, Tiansheng Capital did not lie down and do nothing to let the public opinion go on like this. It must do something, and immediately began to provide corresponding guidance, including not limited to some writers, experts, commentators, rationale Zhongke and other groups analyze it from different angles, or write soft articles, or send interpretation videos, etc.

By the weekend, Lu Ming was also paying attention to the trend of public opinion, and the overall situation was not a big problem.

During the afternoon tea time, I dived into my social media account and checked the latest messages.

During this time, there were indeed a large number of fans, especially stock investors fans, who rushed to his personal social media account to leave messages, expressing that Tiansheng was willing to spend 340 billion US dollars into the US stock market.

What about big A?

In the content of the message, investors hope that Tiansheng Capital should also make 300 billion US dollars in big A shares.

Seeing these comments, Lu Ming couldn't help laughing and saying to himself: 300 billion US dollars, that is more than 2.1 trillion RMB, if you really do this, plus other funds in the market, you can't directly push the market to the daily limit. ?

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