Chapter 340 It’s your turn, Mr. Hall
"Mr. Rothschild, we can only find out that the purchaser of Summit Media shares is not from DS Capital, but an overseas offshore company. You know, the information of this kind of company is not that easy to investigate..."
After hearing the report from his men, Benjamin Rothschild did not say anything immediately, but just tapped his fingers on the table with a certain rhythm.
Although he had expected this at the beginning, he was still not in a good mood when it turned out like this.
The share price of Summit Media has been stable at 20 pounds for two consecutive trading days, supported by the "invisible hand"...
This situation has also attracted the attention of many organizations.
You know, to absorb these Summit Media stocks, compared to now, they are buying high and selling low...
If the goal cannot be achieved in the end, it will cause considerable losses to NM Rothschild Bank.
Even though Benjamin and his father control the operation and management of this investment bank, this kind of thing can still cause dissatisfaction among other shareholders...
Compared with Wall Street investment banks such as Goldman Sachs, Citigroup and JP Morgan, whose shares are relatively dispersed and implement a manager system, the Rothschild Group is still family-managed.
But even so, the entire Rothschild family holds "only" 49% of the shares of LCF Rothschild Group. There are many other shareholders, which does not mean that they can do whatever they want.
This is different from DS Capital, which is 100% controlled by Barron. It can be said that compared with Wall Street capital, the Rothschild family is too old and conservative... But compared with the Rothschild family, this Devon Hill The Duke is so traditional!
Do you think that if he fails to achieve his goal, all he will lose is the price difference from buying high and selling low in Summit Media?
Of course, it's not just that. In addition to the time and connections spent on this, the original NM Rothschild Bank is also preparing to make a profit by shorting Summit Media's stock price in the process.
But the problem is that the premise of short selling is to borrow stocks in advance and sell them. Then, through this method and the cooperation of the news, it will cause other stock holders to lose confidence in the underlying stocks, thus triggering a selling wave. Only in this way can we sell at low prices. When the time comes, you can secretly buy the stocks back and return them.
But now the share price of Summit Media has dropped from over 25 pounds to the current 20 pounds.
However, it was supported by large orders from funds that appeared from nowhere. Under such circumstances, the "confidence" of other shareholders has been hanging on, and as time goes by, as long as Benjamin is If Bian cannot lower the price below the "threshold" of 20 pounds, then "confidence" will continue to recover.
In this case, NM Rothschild Bank, instead of being unable to buy low-priced Summit Media stocks, needed more stocks to sell to suppress the stock price.
This is why Benjamin Rothschild was so concerned about how much money DS Capital had.
Now he needs to decide whether to continue and sell more shares, or to cut his losses.
The sound of tapping on the table continued, and his men were still waiting for Benjamin's next instructions.
Today is Friday, the last trading day of the week...
“How much stock do we have left at the moment?”
Benjamin Rothschild asked when the tapping on the table stopped.
"There are currently about 7.5 million shares. If we go short, we can borrow some...the total is about 12 million shares. Because Summit Media has only 25 million shares in circulation, we have limited room for short selling."
"Have you found out how many stocks the other party bought?"
Of course Benjamin’s staff knew that he was talking about the offshore company that held Summit Media’s share price at 20 pounds, and he immediately replied:
"It should be about 5 million shares. The current purchase order is 20 pounds, and there are still 2.5 million shares..."
"Then release 3 million shares to me immediately!"
Benjamin Rothschild had a stern look in his eyes and said:
"Let's see if they reveal their whereabouts..."
"Boss, what do you mean...if they hold more than 5% of the shares, they need to raise their cards? But it is also possible that the other party is not just preparing an offshore company."
According to the regulations of the London Stock Exchange, when the shares purchased on the secondary market exceed 5% of the total share capital of a company, you need to hold up a sign to explain your intention and whether you have the intention to acquire...
Calculated based on the current total share capital of Summit Media being 125 million shares, a 5% shareholding ratio corresponds to 6.25 million shares...
Therefore, if the next 2.5 million shares are taken, the other party's shareholding ratio will inevitably exceed 5%, and it is necessary to hold up a sign to explain the intention.
Of course, as Benjamin's staff said, there are policies from above and countermeasures from below. In many acquisitions, the shareholdings will be divided initially through different companies or institutions, so that each company's proportion is less than 5%...
Therefore, if the other party prepares more than one company to purchase shares of Summit Media, even if the total shareholding exceeds 6.25 million shares, the shareholding of a single company is still less than 5%, which can avoid exposure.
"So you need to give it a try. It also depends on the amount of funds they have."
"But currently DS Capital has not personally ended up..."
After saying this, seeing Benjamin Rothschild's cold expression, his men wisely closed their mouths.
…
Soon, on Friday afternoon, a sell order for 2.5 million shares immediately opened at a price of 20 pounds. But then, before the price continued to fall, another buy order for 3 million shares for 20 pounds appeared. Got it!
And just as Benjamin and the others expected, no company held up a sign to explain that their holdings of Summit Media stocks exceeded 5%. There is no need to say more about what this means.
Looking at the time on the watch, it's half past two in the afternoon, half an hour before the market closes.
"I want to see how much money they have prepared..."
Following his order, before the stock market closed, NM Rothschild Bank sold the remaining 5 million shares of Summit Media one after another...
But Summit Media’s share price was still firmly fixed at the price of 20 pounds until the close of the day...
There is no company claiming to hold more than 5% of the shares!
This shows that the other party has prepared more offshore companies, not just two!
"Okay, I understand, please."
After hanging up the phone, Benjamin Rothschild looked at the closing price of Summit Media on the monitor, picked up the phone again, and made a call.
"Mr. Hall, there is no progress in the review of Standard Chartered Bank, you know, because of the current share price performance of Summit Media..."
"As long as the price can be brought down next week..."
After hearing Colin Hall's words on the phone, Benjamin said calmly:
"But the FSA is also under tremendous pressure, from the government and other MPs...their review of Standard Chartered Bank cannot go on forever...and I don't think DS Capital really has the funds to deal with it. , at least they should have other allies..."
"what do you mean……?"
"It's time for you to do something now, Mr. Hall. Frankly speaking, we can withdraw at any time and there will be some losses at most, but your chance is only this one. When His Highness the Duke recovers, I'm afraid I won't let you go." , think 'London Star'..."
