Rebirth 79: I opened a bank in the United States

In the financial market, encountering the opponent's sniping and being suppressed
This is something that almost every listed company has to go through.

Carter never thought that he would be the chosen one. After the end, he would be able to go smoothly all the way, and all the evils would recede.
But Carter really did not expect that at the beginning of 1983.When the U.S. market had just shown signs of recovery and the stock market was a little green, I was screwed.
It was a catering company like HT that got caught.

Generally speaking, companies operating chain restaurants are more difficult to target.Because they have too many corporate assets of their own, and the catering industry is also a standard cash flow industry.

The customer eats, pays, and immediately has cash back.There is basically no advance payment, or the situation that the payment will be suppressed.The risk of breaking the capital chain is extremely low, and its own assets are large. Unless there is a very obvious decline in store sales, it is difficult for this kind of company to have a high stock price, but it is also difficult to escape.
Still the same sentence, although leeks are leeks, don't treat others as fools!
Obviously, the company’s revenue is very good, and its fundamentals are also good. You insist that it can’t do it, which is somewhat pretentious.
At this point in time, if you don’t cultivate your body and mind well, don’t recharge your energy, wipe your wounds, and prepare for the upcoming rising stage in the law of the economic cycle.
Why are you attacking HT in such a hurry
Are you full enough? !
Or is there too much money to spend? !

With his mind full of doubts and nonsense, Carter hurried to the airport.

From the car to the plane, Carter was in a bad mood: Another day of missing the mobile phone.
When you know that something needs to be solved, but you just can't solve it, then you don't feel like it.
The sour feeling along the way, when suppressed to Tiger Asset Management, broke out completely:

"Are KKR and Morgan Stanley crazy? They hold a lot of HT stocks. If they sell HT at this time, they will lose a lot!"

Morgan Stanley and KKR Capital, which invested a total of 1600 million at the beginning, basically accounted for 6.15% of HT's shares.Even though they entered the game relatively late, with the listing of HT, their net profit is at least 140%.

After the introduction of the tax cut policy, HT's stock liquidity increased.There are frequent exchanges of shares between institutions, which was originally a normal situation, but now
Even if the shareholding is reduced to 4.72%, the proportion of these two institutions is still quite large.It's just that they are not visible on the public list of shareholders, but it does not mean that Carter cannot see them.
With so many stocks in their hands, they suddenly sang short.
"Is there any need to ask? Someone must have promised to compensate them for the intermediate loss, and make them earn more!"

Julian and Jim, the two financial veterans, shrugged calmly when they heard Carter's roar.The two even sang together:

"Don't forget, there are also mergers and acquisitions in the investment banking business. Obviously, HT, a company, is not like a company that can reach a merger and acquisition agreement through normal negotiation methods. Therefore, first nibble Shares, enter the HT shareholders meeting, or the decision-making level, and then gradually fight for power and profit, or simply push HT to a dead end and have to accept mergers and acquisitions. These are the two most likely options for the company that intends to acquire HT.”

"The center of the problem now should be to figure out whether they want to fight to determine the outcome and directly force HT to the point of no retreat; or is this just the first attack, and the purpose is to get a certain number of shares!"

"Is there any difference between the two? In addition, how are you so sure that KKR and Morgan Stanley have taken over another company, I don't know whose company it is, and annexed our HT business? Is it possible that this is the short position in the market? Fuck us?"

Carter, who was concerned but chaotic, laughed at himself as soon as he finished speaking:
"My question, this shouldn't be short-sighted. HT's stock lending costs are not low, plus, regardless of their accusations and negative reports, at least our financial statements are impeccable. This thing is true There is no moisture at all!"

"When did the capital market care about the life and death of the ass? Moreover, ordinary short sellers can't invite Morgan Stanley and KKR to help them, or KKR and Morgan Stanley, which hold a lot of our stocks!"

"Yo, a little bit of progress!"

In stark contrast to Carter's self-deprecating wry smile is the "teachable" smile on the faces of the two old fritters
"Ham, although I don't focus on the financial market, I still have to learn. Anyway, we are also billionaires now!"

He made a joke with bitterness and eased the tense atmosphere just now.Carter took out a cigarette and gave it to the two
Julian, who took the cigarette, did not light it, but sniffed it under his nose and said encouragingly:
"Follow your train of thought, then think about it, and guess who is messing with you?"

"Who is. What is the current market value of HT?"

"You can really do it. Based on yesterday's closing price of US$8.2, the market value of HT with a total share capital of 6074 million shares is 4 million."

A little complained about Carter's "noble people forget things", but Jim Rogers didn't care about it.After all, Carter didn't care much about HT's situation, and it's not like they didn't know about it.

Listed companies don't care, don't care too much, and it may be inconceivable for ordinary people.But for Carter, old friends are used to it, and just as Goodman has gradually adapted to Carter's out-of-the-box thinking, it can only be understood as a genius eccentricity or aloofness? !

"If calculated at this price, the shares held by KKR and Morgan Stanley, which account for 4.72% of the shares, have a face value of 286 million, and the number of shares is about [-] million shares."

"When they were short, they would lose 0.1 for every 28 dollar drop in the stock price"

"KKR and Morgan Stanley will definitely not pay this amount of money. And if the entrusting party bears the loss of this part of the stock value drop"

"Every $0.1 fall in the stock price means that their acquisition cost is reduced. If their target is 286 million shares, this can basically only be regarded as risk hedging and breakeven. But this is only a theoretical model. In fact, if we Mobilizing funds to fight back, as well as uncertainties in the market, their acquisition costs will increase.”

"Then paying such a high price, the target of their plot is not small! At least, it is more than 4.72% of HT's equity."

"And 4.72% is not far from the SEC's 5% announcement line. Anonymity is impossible unless they disperse their stocks into many institutions. However, the profit of doing so is not obvious, and it may even cause serious stock price volatility. If you just eat dividends, it’s not worth it.”

"So, they should... need HT to do something, or rather, HT is in their way!"

"I seem to have guessed who is doing the trouble!"