Coquettish Rebirth

Quoting for Citigroup is naturally not like a bid. Citigroup is not that serious, and this is not another purchase of equipment or services, it is a sale!When buying something, of course you want the price to be as low as possible - as long as the quality is acceptable!So no matter who buys, the price is always the first factor, and everyone hopes that the competition of buyers can keep the price lower and lower!How to do it?Really let everyone ask the price face to face, so that the sellers can hear that the price of the peers is not necessarily good.Because the sellers see their peers nearby, maybe everyone will raise the price together by making eye contact!Everyone does not take the initiative to lower the price. If someone lowers the price, they will lower the price again!

After all, for sellers, they want to maximize their profits!If everyone does not lower prices and just relies on other methods to compete, this is naturally the first choice of sellers. They want to maximize their own interests without lowering prices!And if it is in the bidding mode, everyone who bids does not know how the peers set the price. In case someone asks for a low price, every seller must open a low price-because the bidding is only one time, and the price is raised once. There will be nothing in the future!Therefore, the sellers must lower the price to almost the position of their own psychological bottom line, and then everyone directly fights who can accept the lower psychological price!It's just that everyone is fighting for the cost!

Such a model is good for buyers, so when buyers purchase services or goods, they will adopt such a model.Even if it is a unit of the US military level, when purchasing weapons and equipment, it still adopts the method of bidding, and then the final product selected by the bidding is the supplier with the lowest price!Such a model is naturally not suitable for Citigroup and the others. Citigroup and the others are sellers, and they hope that buyers can pay more, the more the better!So how can the sellers bid high?It is necessary to let the sellers understand that someone is competing with them, and let them know what the prices of other competitors are!This is a bit like the concept of an auction—why does the auction choose such a method?Isn't it just to make the price as high as possible?

So the method adopted by Citigroup this time is to wait until the limited quotation date after everyone has made a quotation.Seeing that there were no more merchants to quote, he then privately told other sellers about the bids of each buyer!Of course, it's a bit unethical to do so, just like in the field of football.A team offers a transfer price to a certain player from another team, and then another team also offers a transfer price to that player from that team. If the bids tell their competitors to increase the price through high-level competition, it is really easy to make the two bidding teams feel dissatisfied.

But now Citigroup can't control that much, they are now losing tens of billions of dollars.Still care about saving face?Besides, other companies will not simply raise their prices because they see other companies asking high prices. Those who can quote are companies, and these companies must have their own psychological maximum price line. of.After exceeding the psychologically highest price, even if the price difference with other companies is not much, many companies will basically not raise the price.Just like Huaxia Hi-Tech, Jia Hongjian's psychological maximum price is 50 billion US dollars. If it exceeds this price, for example, the price reaches 51 billion US dollars, then Jia Hongjian will definitely follow suit.So for Citigroup.How to get everyone's psychologically highest price is their goal.

Jia Hongjian and the others have also heard the asking prices of several other companies from some "private channels". The prices of the other companies are really not high. !The asking price of such a Chunye Holdings is 40 billion US dollars, which is about the same as that of Jia Hongjian and the others!After knowing the price, Jia Hongjian thought to himself that he had guessed correctly—before he thought that such a spring leaf might come to acquire such a OneMain department, because originally this spring leaf had a small number of consumers in the United States. The market share in the small loan market is not small. If they acquire OneMain, they can suddenly become the largest financial company in the consumer small loan market in the United States, and their market share can be far ahead!This prospect is for many companies that rank second or third in the industry.That is quite attractive. After all, in many markets, winners take all. The strong will become stronger and the weak will become weaker.So this attraction is definitely great!

For this, we have no better way - we can only add money!After Jia Hongjian and the others increased the price to 42 billion, the other side quickly increased the price to 42.5 billion, hey, you sister!What does this mean?It's supposed to be just a little taller than us, right?This way of asking prices really made Jia Hongjian a little uncomfortable. It felt like bidding something at an auction house. We asked for 5000.As a result, someone offered the same price as 5001. Isn't this purely disgusting?If you also want to buy it, then you can drive higher!Our side has opened 42 billion, and Chunye can open 43 billion, can't it?Must come to 42.5 billion!This feeling is like wanting to buy this OneMain at a price that is only 5000 higher than our price all the way?Your sister and us have never offended them before, why are they so disgusting when they come up?

As a result, Jia Hongjian raised the price to 44 billion US dollars, but found that Chunye only increased it to 43 billion US dollars!At this time, Jia Hongjian suddenly realized a little bit - the highest psychological price of Chunye, a lover, is 43?So when we reached 42 billion, they opened 42.5 billion?Whether this Spring Leaf is only planning to pay a maximum of 43 billion U.S. dollars, Jia Hongjian doesn’t need to inquire on his own, and soon Citigroup will report the inside story——the spring leaf is really open to 43 It stopped, saying that it would not drive higher!As for Jia Hongjian's asking price of 44 billion U.S. dollars, of course, it has already exceeded Citigroup's psychological minimum price, so Citigroup expressed its willingness to sell the OneMain department to Huaxia Hi-Tech for 44 billion U.S. dollars!

As for the specific transaction, what accounting firm still has to wait for the financial audit of the OneMain department, in case Citigroup has hidden debts that have not been disclosed. At that time, Jia Hongjian and the others will only find out that there are hidden debts if they buy it. , Then I really want to cry but have no tears!Therefore, before the formal acquisition, there must be such an audit process.While waiting for the audit, Huaxia Hi-Tech and Citigroup still signed a contract, which stipulated that as long as the audit results were the same as the profit and debt information shown by Citigroup before, the OneMain department would be considered Huaxia Hi-Tech’s, and Huaxia Hi-Tech will also transfer the purchase amount of 44 billion US dollars to Citigroup's account within half a year.

After such a contract was signed, Citigroup really couldn't wait to announce such a contract. Originally, Jia Hongjian wanted to look at other businesses at first, but Citigroup really begged his grandfather to tell him. Grandma, this convinced Jia Hongjian to buy one by one!Disclosure one by one!why?Because of this kind of good news, it needs to be continuously disclosed, so that the effect can be good!If it is said that Jia Hongjian bought all the businesses he was interested in first, and then announced it, the buying process might take half a year.Then if it is announced again, won't it be half a year later?And after half a year, how much will Citigroup lose?Now Citigroup is really losing money continuously, and there is really no sign of when it will be able to turn losses into profits!Under such a situation, Citigroup of course hopes that they can continue to announce good news within half a year, so as to affect the confidence of investors, so that their Citigroup stock price will fall slower and smaller!

At such a time, Citigroup's financial report for the first quarter has been announced, and the result is that the stock price in the market has fallen further because of the continued large losses in the first quarter, and it has reached about 18 US dollars again!Of course, Citigroup does not want to see this kind of scene!And after the news that Jia Hongjian and the others were going to spend more than 40 billion US dollars in cash to acquire Citigroup's OneMain department was disclosed, the stock of Citigroup immediately rose to 20 US dollars!And it's slowly going up!Looking at such a posture, Jia Hongjian even felt that he would buy various Citigroup businesses and departments in the future. It is not surprising that Citigroup's stock can be boosted to nearly 30 US dollars by such continuous good news!

After all, in any case, such a thing as the stock price is still an investor's expectation of Citigroup's future profitability!Although Citigroup is still losing money now, investors don't know how long Citigroup will lose money!As a reborn person, Jia Hongjian knew that Citigroup would lose 5 quarters in a row!Starting from the fourth quarter of 07, plus the four quarters of the whole year of 08, it was a series of losses!Then the amount of loss is not small!Such a continuous loss, coupled with various factors such as the maturity of Citigroup's various debts, has caused investors' confidence to collapse, and everyone has panic-sold. The final result is that Citigroup's stock directly fell below $1, becoming Became a junk stock!

But at this point in time, it seems that Citigroup has only lost two quarters, and then Citigroup is still actively selling departments and businesses. The sale of one department is worth 40 billion US dollars. Selling two departments in one quarter will bring 80 100 million to [-] billion U.S. dollars, won't it turn losses into profits?Then after you have cash in hand, can't you pay dividends?Wouldn't it be possible to distribute dividends to shareholders?Then slowly get rid of the subprime mortgage bad debts in their hands, package and sell these bad debts to stop losses, and will Citigroup be able to recover soon? (~^~)