My Age of Investment

  Chapter 1180 Agreement Closing

   When Li Yaozu walked into the hotel conference hall surrounded by a group of people, the scene was already full of people.

   At a glance, there are people's heads densely packed.

  These hedge fund managers and entrepreneurs, as if they had lost a battle, were downcast and gloomy.

   There are far more fish in the big pond of Volkswagen than Li Yaozu imagined.

   He roughly counted, there were at least a hundred people in the conference, and more than a hundred organizations were behind them.

   There are only two winners, one is Vision Capital and the other is Porsche.

   Neither Wolfgangf nor the Porsche family showed up. The person who came was a professional Porsche manager.

   He shook hands with Li Yaozu very friendly, greeted him to take a seat, and then briefly exchanged for a few minutes.

   Soon, officials from the German Financial Supervisory Authority and the Frankfurt Stock Exchange showed up.

   These people came up and criticized the speculative behavior of the short-selling public with fierce words, saying that they had caused a huge disaster to the entire financial market and disrupted the financial market.

   Although the words are very ugly, the hedge fund managers present can only choose to suffer.

  If there is no official mediation, they will now have to bear the pressure of the skyrocketing stock price.

   slapped these bold hedge funds, and officials from the HKMA and the exchange talked about the over-the-counter agreement to liquidate their positions. .

   When he heard that the position was liquidated according to the current market price of 1,500 euros per share, a white-haired old man in his seventies jumped up like he stepped on his tail.

   "This can't be done! It can't be done! This price has far exceeded the position where we are shorting the stock price, and we can't afford such a huge loss!"

   Everyone looked at the old man who suddenly stood up from the table to protest.

   He was wearing a decent high-end suit and a pair of glasses, like a learned professor.

   But at this time, he seemed to have completely lost his mind and kept telling his own difficulties.

Someone recognized this old man, Adolf Merkel, a well-known billionaire who ranks fifth in Germany's wealth and 94th in the world in "Forbes". He is worth nearly 10 billion US dollars. Hundreds of companies with more than 100,000 employees.

   This kind of industrialist also came to play financial speculation? Still trapped?

Adolf Merkel's defense was not understood by the officials. They only threw out a sentence: "If you do something wrong, you will have to bear the corresponding consequences. If the agreement is not completed today, the price tomorrow will be 2,000 euros, 3,000 euros.”

   Adolf Merkel slumped on the seat weakly, thinking of the huge loss, his head couldn't stop sweating.

   If he hadn't encountered the financial crisis, he wouldn't have been so concerned about the loss of several hundred million euros.

   But now the corporate capital chain is already difficult, and the failure of speculation has consumed his last liquidity.

   Or, die?

  Merckle's miserable expression made many speculators feel sad, and some even began to wipe their tears.

   Their hedge fund was badly hit by the collapse of Lehman Brothers. Old wounds were not healed, new ones were added, and the whole fund might collapse.

   Each has its own difficulties and its own pains.

   Neither Li Yaozu nor the Porsche professional manager, sitting opposite them, showed any sympathy for these people.

  If they lost, they should be crying now.

   Playing finance is like gambling, how can you only win without losing.

  The HKMA officials are actually right, and if they do something wrong, they have to bear the corresponding consequences.

   Shorts are the public who are short in the range of 400 to 200 euros, with an average of 300 euros.

   Now the position is closed according to the 1500 EUR/share agreement, and the loss has reached 500%.

   This is also often said: the short-selling profit is infinitely close to 100%, and the short-selling loss is unlimited.

  More than a hundred shorts are like meat on a chopping board, and they have no right to speak.

   Except for Merkler who jumped out and protested, everyone else chose to accept their fate.

   There is nothing you can do if you don't accept your fate, and it will only be them who will suffer.

  In this way, Vision Capital and Porsche Group quickly reached a liquidation agreement with more than 100 shorts.

   Vision Capital sold 3% equity and options to shorts, totaling 8,835,821 shares, and shorts needed to pay 13,253.73 million euros in transaction consideration;

   Porsche Group sold 4.6% equity and options to shorts, totaling about 13.55 million shares, and shorts need to pay 20.325 billion euros in transaction consideration;

  The shorts have suffered heavy losses. In addition to spending more than 30 billion euros to close their positions, some people have spent a lot of money in the secondary market before, with a total loss of at least 40 billion euros.

  …

  …

   As soon as an agreement was reached, the German Financial Supervisory Authority, the Frankfurt Stock Exchange, and the Volkswagen Group immediately issued announcements to calm market sentiment.

  Li Yaozu also brought this good news to the hotel to report back to Xia Jingxing.

   Xia Jingxing was very happy, he opened a bottle of red wine immediately, poured a glass for Li Yaozu first, and then poured another glass for himself, and the two clinked glasses to celebrate.

"We have opened positions for Volkswagen in two batches this year. The shareholding cost of the first batch of positions is 143 euros per share, and the shareholding cost of the second batch of positions is 210 euros per share, with a total investment of about 1.5 billion euros. .

   The rate of return was 883%, with a net income of 11.8 billion euros.

   This deal is quite good! I don't know what year it will be next time. "

   As he spoke, Xia Jingxing was actually a little sentimental, as time went by, such opportunities to make big money became less and less.

  Li Yaozu didn't know what kind of madness the boss was making. He made more than 10 billion euros, and he was still thinking about the next time.

   To be honest, he never imagined that he would have such a glorious day in his career.

  The gains of the public, the gains of the pound foreign exchange, and the gains of shorting the financial stocks of European countries, together almost reached 20 billion euros.

   What a dazzling achievement!

   At the same time, it also shows how important it is to people.

  If Xia Jingxing had not given the London office a principal of 20 billion US dollars in the early stage, and then added another 1 billion US dollars of principal, even if the market had an opportunity and he had seized it, he would not have been able to achieve so much income.

   Having said that, if he calculated the principal after adding three times the leverage, he only earned 20 billion euros with 20 billion US dollars, and the return rate was almost equal to the exchange rate, about 1.3, 130%.

   As far as he knows, the two trading teams in the New York office have achieved a lot, and the income is no less than that of the London office.

   The Hong Kong Island office performed a little bit worse, making only US$8 billion.

  Adding one dollar to each office in the world, the rate of return of the funds under Envision Capital this year is afraid to scare people to death.

  The absolute value of the return is even more terrifying. He estimated that it would be tens of billions of dollars, and he said it was not necessarily close to the hundreds of billions of dollars.

   "What do you think?"

  Xia Jingxing saw that Li Yaozu was in a daze, he smiled and tapped his cup with a cup.

  Li Yaozu reacted quickly. He didn't dare to ask his boss if he made $100 billion this year.

   "You can die if you want. The Porsche family likes you who are not afraid of death. They also hold nearly 70% of the shares of Volkswagen. They can repeat a short squeeze for you in minutes."

  Li Yaozu smiled, "I'm joking! Porsche should soon complete its controlling stake in Volkswagen, so there's no chance for others to be short."

  Xia Jingxing pondered in his heart and deduced that the Porsche family should not increase their stake in Volkswagen through the secondary market.

   In their previous life, they initially had the idea of ​​"merging the Porsche car brand into Volkswagen as an asset, so that the shareholding ratio exceeded the 75% holding line in one fell swoop".

  Because the financial crisis spread to the real field, Porsche's own debt had a problem, and it became that Volkswagen acquired Porsche cars in turn.

Even so, the Porsche family still holds more than 50% of the shares of the Volkswagen Group, and Porsche is a wholly-owned subsidiary of Volkswagen, which is equivalent to the left hand and the right hand. The son becomes the grandson. The Porsche family is still the real behind the scenes of the two companies Big boss, biggest shareholder!

   In this life, Porsche has made more money in the air than in the previous life. Maybe it can withstand the pressure of debt and turn the Volkswagen Group into a subsidiary of Porsche.

   Regardless of the plan, the Porsche family is invincible in this acquisition battle.

He feels that he has offended the Porsche family a little this time, and they will not bring Volkswagen, Audi, Skoda, Seat, Porsche, Bentley, Lamborghini, Bugatti, Ducati, Moia, Scania with them in the future. , MAN Trucks and Volkswagen Commercial Vehicles and other 13 brands to do Tesla and revival cars together?

   Of course, he is not cowardly when he comes here. He is already a competitor, and it doesn’t matter if he adds new hatred and old hatred.

   Make up for one chapter owed for the New Year, and owe three chapters for rewards and updates. In addition, I would like to thank the book friend 333Sa for the reward!

   (end of this chapter)