legendary trader

Chapter 291 292 Imperial Capital, Here I Come Again

After throwing out the matter of Bodao shares, Zheng Xiaopang bought hundreds of thousands of Netscape shares when he was at the official headquarters in Rongcheng, and then left the matter to Zhang Yang, Zhang Yang So honestly, I bought some stocks at a low price, and that's it, now Netscape's stock price has risen to 28 yuan.

On this day, several people were discussing the layout design of the new website in the company. Zheng Xiaopang received a call saying that the private jet had finally arrived and landed at Hongqiao Airport, and they agreed to see the plane the next day.

The next day, Chen Fan went to Hongqiao Airport with excitement, and the car drove directly to the business jet apron.

Chen Fan has been here before, and once followed Zheng Xiaopang's friend's private jet. When he came here today, he saw that it was the same as last time. The apron here was still busy, and several planes were quietly parked there.

Leaving aside a few owned private jets, this time Bombardier actually arranged for two planes to come over. One is the Global 4500. This is a model that was launched a few years ago. Both safety and economy are good.

The other is the Global 5000, the model they selected. This is the latest model released in recent years, and it is also the main product that Bombardier competes with other airlines.

After a brief communication with the representative of Bombardier, several people were led onto the plane. There was enough time, so both models went up to have a look.

After communicating with Chen Fan, he found out that these two planes just participated in the air show in Europa. After the air show ended, they flew directly from there. Of course, they refueled twice in the middle. After all, economical considerations must be taken into account, otherwise one refueling can complete the task. A voyage of tens of thousands of kilometers.

The plane will stay in Shanghai for a few days, and a few groups of customers will come to see the plane, and then fly directly back to the nearby headquarters.

For Chen Fan, who is now a bit of an upstart mentality, it doesn't matter whether he looks at it or not. Since he has planned to buy a plane for a long time, looking at the prototype this time is just a formality.

The exchange soon entered into a substantive negotiation stage, and there was nothing to say about the price, which was basically a clearly marked price. At present, it seems that this type of aircraft is not worrying about selling.

The communication was mainly about negotiating the decoration of the aircraft, the delivery time, etc., but Chen Fan and Zheng Xiaopang had nothing to do with these things. Liu Ying and Xie Xiaomeng took their places, and they had to sign and pay. Even because the plane was bought by the company and it is a business jet, in principle Liu Ying can sign and confirm it, but Zheng Xiaopang needs to pay for it. After all, Zheng Xiaopang is in charge of the company's money bag, and Zheng Xiaopang is responsible for managing large expenses of.

Chen Fan was also happy to relax, and ran off the plane with Zheng Xiaopang to smoke to pass the time.

Because of Xu Jing's constant phone bombardment, they originally planned to wait for Liu Ying to go to Europa before leaving for the imperial capital, but they had no choice. Online suddenly released an announcement about the acquisition negotiations.

Because the announcement time was stuck on Saturday, Chen Fan and Zheng Xiaopang bid farewell to Liu Ying and Xie Xiaomeng on Sunday afternoon, and left Shanghai early to catch a plane to the Imperial Capital.

When we arrived in the imperial capital, we met Xu Jing in the evening. We planned to discuss how to operate Netscape stocks next, but I didn't expect Second Brother Wang and others to come here after smelling the smell.

Obviously, they already knew that the rice stock market hadn't started yet, so Chen Fan gave them a big surprise here.

Although there was a confirmed acquisition news before, after all, it has not reached the final signing stage, and it is still unknown whether the acquisition project can be completed.

But the current joint announcement has already explained the problem very well. The deal has been concluded, and Mi Online will acquire Netscape at a price of up to 42 billion yuan.

Of course, due to the current lack of funds of MOL, the two parties also reached an agreement on the transaction method, which will be carried out in the form of a share swap. According to the difference between the two parties' stock prices, Netscape's stock will be converted into MOL's stock.

As for cash and stock exchange, Chen Fan didn't have much opinion. They were all about making money. The only difference was whether they were selling Netscape stocks or selling MOL stocks.

Under such circumstances, the discussion could not be carried out. Several people started chatting mode, and the second brother Wang invited Chen Fan to the old place again to relax and relax. Xu Jing, who was sitting next to him, rolled his eyes.

The next afternoon, Chen Fan and Zheng Xiaopang came to Oaktree Capital to meet Xu Jing again to discuss whether to cash in the profits or wait for the share exchange transaction.

Originally, Chen Fan thought that this was really not a big deal, whether it was selling Netscape shares above 40 yuan at night or waiting for the Netscape shares to be converted into MOL shares, it was not a big deal.

However, Xu Jing thinks a little more. After all, although the acquisition agreement has been reached, both parties need to vote at the shareholder meeting of their respective companies to finally confirm the success of the transaction. There are variables.

In fact, Chen Fan knew in his heart that what Xu Jing was thinking was not that the deal would fail to pass the vote at the shareholders' meeting, but that he was thinking about whether to switch to MIOL. At present, the agreement on Netscape's stock price has basically been determined, and the agreement price is 40. rice yuan.

What Xu Jing is thinking about now is the current stock price of 25 RMB, whether there is a possibility of being undervalued, and whether she can increase her position in the stock of Midland Online.

In fact, when Migo announced the acquisition of Netscape, Xu Jing had already issued an order to the following traders to accelerate the opening of positions. After this period of time, the funds of 20 billion yuan were continuously bought and sold in the stock market. It has been used seven to eighty-eight, and the warehouse building work is actually close to completion.

This time, she was able to make a fortune in Netscape stock by accident, and Xu Jing's small thoughts had already started to move.

According to Chen Fan's guess, MOL has indeed greatly increased the valuation of Netscape. According to what Chen Fan said at the beginning, using Netscape's valuation method to calculate other technology stocks is obviously greatly underestimated. state.

Especially MOL, according to common sense, since MOL initiated the acquisition of Netscape on its own initiative, the value after the successful acquisition should far exceed the value before the acquisition, that is, 1+1 is greater than 2, and this acquisition is considered valuable of.

According to this logical inference, the current stock price of MOL is obviously undervalued. This is the result of deduction without using Netscape's valuation model to recalculate the value of MOL.

The more than 1 million yuan currently invested in Netscape will turn into 2 million yuan tonight. Xu Jing has to deal with it carelessly. The money is not too much for her, but it is more about the issue of stock positions.

After analyzing the pros and cons, Xu Jing threw the question to Chen Fan to see what Chen Fan's opinion was.

"Continue to hold it until after the share exchange. Next year's price should be higher. There is really no need to sell these stocks now." Chen Fan understood Xu Jing's hesitation, so he said directly.

"Then shall we continue to increase our positions tonight? It is estimated that Netscape's stock price will jump sharply and open higher in today's market, and it may even open directly near 40 yuan."

"Actually, there's no need to worry about that. We've earned enough, and it's impossible to enter the market at this time." Chen Fan smiled wryly and shook his head. He didn't know what the hell this girl was doing. It's a simple matter, why think so much , and even summoned him directly from Shencheng to the imperial capital to speak, and he could be said on the phone, could it be...
Chen Fan didn't dare to think about it any further, he got a headache if he thought too much.

"The opening price will not be lower than 35 yuan. The risk of the shareholders meeting can basically be ignored. In this way, if the opening price is lower than 35 yuan, we will enter the market to grab funds. If you don't believe it, you can't grab the stock price. If it is higher than the agreed price, we can also refer to Migo The stock price is considered whether to ship." Chen Fan thought about it and said, "As for the positions of other stocks, it is enough to ask those traders to complete the position building plan as soon as possible. I read the information you sent me a few days ago, and 20 billion is almost the same. That's it, there's only a little change left, so there's no need to be nervous."

"Well, my old lady has never made such a big deal before. Without you here to show me, I feel a little flustered." Xu Jing said only now.

"You haven't made an investment of 20 billion?" Chen Fan said in disbelief.

Xu Jing shook her head, "In the past, overseas investments were generally 1 to 2 million yuan, and the domestic ones were mostly around a billion yuan. This time, the scale of funds is almost reaching [-] billion yuan, and I feel a little panicked. "

As she said that, Xu Jing looked at Chen Fan, then at Zheng Xiaopang, and asked a little puzzled: "You two don't feel it? So much money is in your hands."

Chen Fan and Zheng Xiaopang looked at each other and shook their heads in unison.

Zheng Xiaopang curled his lips and said, "The money is just a bunch of numbers, and it's not in front of your eyes, so there's nothing to be afraid of. Besides, it's only 20 billion yuan. It's not like I haven't seen such a small amount of money before."

Zheng Xiaopang's words made Xu Jing choke. Thinking about it, it is true that Chaofan Investment does have so much money, and it feels a bit shameful. Xu Jing and Xu Huo blushed, which gave Chen Fan the idea of ​​pinching him. Of course, it's just thinking about it in my heart, it's impossible to get started.

Instead of going home, they found a nearby hotel and had dinner, and the few of them returned to the company. First, they took a rest in Xu Jing's office, and then got up and walked to the trading room after seeing that it was almost trading time. go.

Sure enough, after the stock market opened, Netscape's stock price opened sharply higher at 38.9 yuan, but it was not directly pushed up to 40 yuan.

After the opening of the market, the trading volume of Netscape stock has been greatly enlarged, and a large number of trading orders are being traded on the floor. Although there is not much room for subsequent appreciation of Netscape stock price, the price difference of nearly 5 points still attracts a lot of arbitrage Funds are involved, not to mention the good expectations that America Online's stock price will rise.

Chen Fan also took a look at the stock price of MIOL. Today, there was a trend of sideways volatility after opening slightly higher. It seems that the market has not yet determined the valuation of MIOL in the short term, and the market is still evaluating the impact of this transaction price. material impact on the company.

After watching most of the trading hours, Chen Fan felt very bored, so he proposed to go back and rest. There is no need to rush into the market at the current price. Whether it is buying or selling, it is not the right time and price.

When he got up the next day, Chen Fan looked at the closing price of rice stocks in the early morning. Netscape's stock price closed at 39.62 yuan, and Mi Online closed at 25.73 yuan. They didn't stay a little bit above the opening price.

"The market doesn't seem to be very willing to go long at the moment." Chen Fan said to Zheng Xiaopang beside him, "If the company in this transaction is in China, I estimate that the stock price of MIOL may be hyped. Jingjing’s stock price will also rise sharply, exceeding that nominal purchase price.”

"Well, at that time Netscape's stock price was no longer Netscape's, but it was calculated as MOL's stock price for speculation." Zheng Xiaopang agreed with this point of view. In fact, last night he followed the currently announced acquisition The agreement roughly calculates the ratio of the stock prices of MOL and Netscape, but the current prices of the two stocks do not have much room for arbitrage, so they gave up the idea of ​​wanting to make a deal in disappointment.

At that time, Chen Fan laughed at him, "Do you think the American guys are stupid than you? I guess they have already built a mathematical model. If there is a certain price difference, they will rush in and eat up the price difference."

"I went to see the resort in the afternoon. Xu Huo said that it has been installed and is ready to start testing. Let's go and have a look." Zheng Xiaopang asked Chen Fan.

"It's good to go and have a look, anyway, there's nothing to do." Chen Fan said with a smile, "Being summoned by Sister Tiger to the Imperial Capital is nothing serious, so depressing."

"Then let's go to that clubhouse tonight, we can play for a few more days this time." Zheng Xiaopang rubbed his hands at this time and said meanly.

"Aren't you afraid of being known by your wife?" Chen Fan was startled when Zheng Xiaopang offered to go out to play.

Zheng Xiaopang laughed and said: "You don't know that, Second Brother Wang and the others dare to go to play, it must be kept very secret. Last time you went, except for a few of us, you saw some Any other guests?"

Chen Fan blinked, "Let's talk about it at night, if you have the heart to say it earlier, I agreed to Second Brother Wang directly the day before yesterday, as long as it's cool, and someone pays the bill, that day will be comfortable."

"Cut, I want to take advantage of this advantage, and I have no pursuit." Zheng Xiaopang curled his lips in disdain, "Actually, it's the two of us who are the most secretive, and there are so many people who talk about it."

In the afternoon, after notifying Xu Jing, Chen Fan and Zheng Xiaopang went to the resort they had chosen. It took them more than two hours to arrive at the place. The journey went smoothly without encountering traffic jams or anything.

This time he was much more careful than the last time. Chen Fan went to the resting area and the entertainment and fitness area respectively. After looking at it, he thought it was pretty good. He thought of everything he should think of, and finally came to the trading area.

This place has been divided into three trading rooms. Although they are all on the first floor, they are all a little far away.

Chen Fan first walked around the three trading rooms to get a feel for the trading venue, and finally came to his place, which was a small trading room between the three trading rooms, except for a few large screens You can see the three trading rooms outside, and there are intercoms, which can speak to the three trading rooms respectively.

Chen Fan nodded, feeling satisfied with the layout
(End of this chapter)