My Age of Investment

  Chapter 491 Sending warmth (seeking monthly ticket)

Central.

  The 49th floor of Phase II of the IFC.

   Standing Li Ying, her hands trembled slightly when she looked at the information that was just released.

  Xia Jingxing frowned, "Can you stop shaking? Just read it to me."

  Li Ying took a deep breath, settled, and said sternly: “As of today, Bailu Fund has bought a total of 215.04 million Penguin stocks from the secondary market, accounting for 12.8% of Penguin Holdings’ total equity.

  The average position price per share is 12.61 Hong Kong dollars, and a total of 2.712 billion Hong Kong dollars has been used.

  Currently, Penguin’s stock price is 7.05 Hong Kong dollars. We have a total book loss of 1.196 billion Hong Kong dollars, which is nearly 1.2 billion Hong Kong dollars. "

   "Oh, only 1.2 billion!"

  Xia Jingxing has prepared for a temporary loss of 2 billion, only 1.2 billion, which is much better than he expected.

  When the first disclosure email was sent to Hong Kong and Penguin held a press conference, Xia Jingxing knew that Penguin was about to do it, so Liu Hai got his hands on it.

  After the stock price plummeted, he jumped out to grab a lot of chips.

  The 4.99% of the shares in their hands were secretly bought before, and the average holding price is just over eight Hong Kong dollars;

  The second part is the first letter sent to the United States and sent to Hong Kong for half a month to buy in prime time, with an average position price of more than ten Hong Kong dollars;

  The last part was grabbed during the penguin stock price crash, and the average position price is similar to the second part.

   In short, the average price of 12.61 Hong Kong dollars is still in line with Xia Jingxing’s psychological expectations, not high. After all, the 50% premium he offered MIH has reached 12.57 Hong Kong dollars per share.

  Now I do it myself in the secondary market, and it costs 0.04 Hong Kong dollars per share. When converted into the total transaction price, it costs more than 8 million Hong Kong dollars.

  After all, his capital is too large, and Penguin’s public shares are few.

  If you only stay at the 4.99% position line, you don’t need to spend so much time.

  If you want to buy more stocks from the secondary market, the penguin’s sniper, the market’s follow suit, and the institutions that fish in troubled waters... a large number of factors must be taken into consideration.

  Duck Neck was also taken aback when he heard such a large book loss, and asked, "How did the penguin stock price fall even lower than before, and it has fallen to 7 Hong Kong dollars."

   "Don't worry, it's just a temporary dip. When time passes, or Penguin's business situation improves, it will rise back sooner or later."

Li Ying sighed, "But Mr. Xia, there are a lot of negative comments on you from the outside. I think you have suffered a heavy setback on the Penguin stock and lost a full 1.2 billion! There is something more ugly... "

  Xia Jingxing glanced at her, then smiled and said, "Let’s talk about it."

  Li Ying shook her head, "Let’s stop talking! Anyway, it doesn’t sound very nice."

   "I can guess if you don't tell me, is there a retail investor scolding me? I took them to step on a big pit, and how much they lost."

  Li Ying was surprised, "Have you read the news?"

  Xia Jingxing waved his hand, "Don’t look at it, this is the usual personality of retail investors. If you make money, you are a stock god, and if you lose money, you are a cat and a dog. Greet your eighteenth generation ancestors.

  It’s okay, Buffett has been scolded.

  To become a stock god, start from the habit of being scolded.

  This investment in Penguin failed to show results within a year and a half.

   But extend the time to two years, three years, or even longer, and you can see the effect.

  What we are doing is value investment, not short-term operation, we don’t have to care about temporary gains and losses, as well as the noise from the outside world. "

   Seeing that Xia Jingxing lost 1.2 billion, she could be so calm, Li Ying secretly admired.

  Even if you are a billionaire worthy of tens of billions, facing such a large loss, you may not be able to be so heart-stopping and optimistic.

   "Mr. Xia, Bailu Fund used 2.712 billion Hong Kong dollars for this 12.8% Penguin equity, which is equivalent to 350 million US dollars. Our remaining funds are running out."

   Li Ying looked at Xia Jingxing, but she wanted to add funds.

  "A PE fund raises enough funds, usually two to three years, or even longer, before the investment is completed.

  Bailu Fund has not found a suitable project yet? Just put the money in the stock market, which is higher than the bank interest rate.

  When you encounter a suitable project, you first use the remaining US$150 million. If it is not enough, you pledge a portion of Penguin’s equity. "

  Xia Jingxing is also deeply aware of the shortage of funds, so she can only tell Li Ying to use financial leverage.

   "Pledge of equity."

  Li Ying muttered, this can be regarded as a common method of funds, which can increase the cash flow in hand, and use it for small and large funds that want to achieve high returns.

  It's just that the benefits are big, but the risks are also big.

  Like a building block, one piece collapses, and the others will collapse along with it.

After the meeting ended, Xia Jingxing received a call from his father.

  As soon as the call was connected, an anxious voice came from the other end: “I read the newspaper and said that you lost 1.2 billion Hong Kong dollars in stocks? Converted into RMB 1.25 billion, are you encountering any problems?”

  At this time, the exchange rate of the Hong Kong dollar to the RMB was 1 to 1.04, and the RMB surpassed the Hong Kong dollar in 2007.

  Xia Jingxing suddenly felt a headache, how can I explain it?

   "Dad, don't worry, it's mainly because you grab stocks and grab chips too hard. It's only a temporary drop, and it will rise back soon. Don't worry..."

  Xia Jingxing talked or said, and finally managed to deal with her father.

   "Well, I don't understand the joints inside, but you must be careful not to take risks!"

   "Okay, Dad, I will remember."

  ……

  Hung up the phone, Xia Jingxing felt in his heart, as long as there was any big news happening to him.

  Parents may not be the first to call, but they must be the ones who care about him most.

   Then, the foreign girl called again.

  Xia Jingxing glanced at his watch and calculated the time difference. It was already late at night in the United States.

  Yang Niu often calls him in the middle of the night. She is busy with work during the day and it is usually late at night in China. She doesn't want to affect Xia Jingxing's rest. She is very considerate.

   "My dear, it's okay, the loss is less than $200 million, not much.

  Facebook has now achieved a decisive victory. The number of active users of sites such as Juyou.com and Okut is declining day by day..."

  Worried about Xia Jingxing’s investment frustration, Yang Niu began to talk about some happy things, mainly about the various achievements of Facebook and YouTube.

   "Oh, there is also Twitter. Last time it became popular because of Tesla, but the user growth rate slowed down afterwards.

  I arranged for employees to improve the product a little bit, and increase some advertising efforts. Recently, the user growth rate has increased again, and the activity is very good.

  Daren, you are amazing!

  At the beginning, I thought that Twitter would definitely not be possible, but as a result, its current development is getting better day by day..."

  Xia Jingxing noticed that the foreign girl seemed to be comforting herself, moved and amused.

   Originally, he wanted to tell the babes the truth, but found that it was better not to tell them. He could listen to the babes on the phone and make him happy.

   "Come on! Otherwise, someday you will become a pauper, and I will be the only one to support you.

  At that time, you will be responsible for cooking, doing housework, and taking care of children..."

  Xia Jingxing finally couldn't help it, "haha" laughed.

   "Okay, I feel like I have found a new life goal again!"

   "Really? Become a pauper?"

   "No, it's soft and hard to eat!"

"What's the meaning?"

  "Check it yourself!"

  ……

   Seeing Xia Jingxing's whole person finally happy, the babes on the other end of the phone hung up the phone with confidence.

  After the babes, a lot of friends, including Little Dog, Chen Hong, Andrew who has returned to the mainland, etc., called Xia Jingxing and asked for warmth.

  Xia Jingxing was a little bit dumbfounded about this scene.

  Because in the eyes of everyone outside, he encountered a major life Waterloo, the investment myth is shattered!

  Unconsciously, he has been mythological, and he has also been burdened by idols.

  Suddenly lose once, it has become an anecdote, which is unreasonable.

  (End of this chapter)