Chasing Dreams - Memory Repair System
Chapter 550
Located in the No. 1 conference room of the Pengcheng
Stock Exchange in the middle of the financial street, seven men, one woman and eight executives, with sad faces, discussed the issuance of the first batch of shares in Pengcheng.
A horse-faced man of about thirty years old had a gloomy face and sighed.
"It's so difficult that only one-third of the stocks that cost one yuan were sold at a 50% discount, and the remaining two-thirds had to be forced to be subscribed by officials, executives, and employees of the public system at a 50% discount. "
The woman in her thirties, chimed in: "Yes, the stock exchange and securities companies are losing serious money, and if this continues, it is difficult to say how long the stock exchange and securities companies can hold on." "
......
Liao Zhenni couldn't help but interject: "Forty years ago, stocks were only 5 cents a share?".
She hugged Lu Fengxian's arm tightly and said, "Fengxian, you can take me back to forty years ago! If you buy stocks for 10 million, you can buy 20 million shares, and until now, these 20 million shares are worth at least 2 billion." "
Cai Yan, who leaned in front of Lu Fengxian, said: "Five cents of stocks, one yuan per share is its reasonable value, in the past six months, the stock market of country C has risen a wave of unhealthy tendencies, the price-earnings ratio of new shares is often 200 times, 300 times, and the net assets of one yuan are sold for 100 yuan, or even a premium of more than 200 yuan, and the listed company is too ugly to eat." "
Geng Xinyun said: "The price-earnings ratio of 200 or 300 times means that investing in this stock, the listed company will use all the profits earned every year to pay dividends, and it will take 200 or 300 years to recover the investment, which is only the issue price."
The approval of the relevant departments for listed companies to issue shares at a price-to-earnings ratio of 200 or 300 is simply an insult to the IQ of shareholders. "
Cai Yan said: "The fact that the new share issuance price is so high is not the responsibility of the relevant departments, but the result of the collusion of listed companies, stock underwriters, and fund management companies. "
"Oh, it's so complicated, we shareholders only know how to spend money to make new and follow the trend, where do we know these insider stories?".
Liao Zhenni pestered Lu Fengxian again, and said coquettishly: "Fengxian, you take us back to forty years ago, the former shareholders were so happy, and I want the original shares of five cents a share." "
Lu Feng pinched Liao Zhenni's nose first, and said, "Old Master Kong said that time is also, life is also."
After all, five cents a share is a special phenomenon in the early days of the stock market, and it is the blessing that the first batch of warriors who eat crabs deserve.
This once-in-a-lifetime historical opportunity, don't get involved, you follow me, I promise to help you make a lot of money. "
"Okay, forget it. "
Liao Zhenni looked at Cai Yan in Lu Fengxian's arms, became jealous, and hugged Lu Fengxian's arm tightly.
......
At this moment, a deep baritone voice sounded in the immersive theater.
A few years later, the stock was touted by the citizens of Pengcheng and Modu, which opened the curtain on the big move of people's bank deposits in country C. "
In Pengcheng Financial Street, hundreds of thousands of citizens crowded in front of more than a dozen banks to line up and take out bundles of cash from the business offices of more than a dozen banks, and
then rushed to more than a dozen securities business offices of Jutian Securities and CMB Securities in the urban area, and deposited bundles of cash into the business departments of securities companies for the purchase of shares of dozens of listed companies.
At the Pengcheng Stock Exchange in the middle of Financial Street, the bosses of dozens of listed companies entrusted bread costing one yuan to Jutian Securities and CMB Securities for on-site auction.
Several auctioneers muttered for a while, and decided to bid tens of millions of shareholders for 6 yuan a loaf.
"6 yuan a piece, isn't it too dark? "
The tall, middle-aged man bowed his head and discussed with the short, round-faced man.
"No, just auction at 6 yuan. Be bold and take bigger steps.
If you mess it up, it's never too late to change it back. "
At this time, the immersive plot suddenly paused, and a group of glowing words suddenly appeared behind everyone in the venue.
The luminous words on the back of the tall auctioneer show "Director of Investment Banking of Jutian Securities", the
luminous words on the back of the short man with a round face show "Jutian Securities Issuance Underwriting Specialist", in addition, there are different roles such as secondary market investment manager and trader of Jutian Securities.
The role of CMB Securities is similar to that of Titan Securities.
In addition to the different roles of securities companies, there are also different personnel of stock exchanges, supervisors of relevant departments, public or private investors, accounting firms, auditor firms, securities research institutions, large securities investors, and retail securities investors.
The above personnel constitute different links and different roles in the stock market ecosystem.
......
"Bell ——".
A light and melodious gong sounded, and the Pengcheng Stock Exchange began trading.
The stock underwriting specialist of Jutian Securities sold 20 million pieces of bread at a cost of 1 yuan for 6 yuan each, earning 10 million yuan in underwriting fees.
20 million loaves of bread were successfully issued, and Jutian Securities, CMB Securities, and other securities companies in other states and counties, as well as public or private tour funds across the country, won 12 million loaves of bread by virtue of their financial advantages, and another 8 million loaves of bread were divided among more than 10,000 lucky retail investors distributed throughout the country.
After the original shares of bread of 6 yuan were divided, the Pengcheng Stock Exchange chose a good day to allow this batch of bread to enter the secondary market and buy and sell freely.
At 9:15 a.m. more than ten days later, traders from securities companies that won the lottery and held first-hand bread, traders with floating capital, large investors and retail investors who accounted for the vast majority of the accounts began to bid.
On the selling side, someone offered 7 yuan, someone offered 11 yuan, and someone bid 21 yuan.
On the buying side, someone bids 7 yuan, someone offers 9 yuan, someone offers 10 yuan, someone bids 11 yuan, and someone bids 12 yuan.
At 9:25, the automatic trading system of the Pengcheng Stock Exchange matched the bids of buyers and sellers and gave an opening price of 10.98 yuan.
At 9:30, the Pengcheng Stock Exchange and the Modu Stock Exchange opened at the same time. Due to too many retail investors rushing to buy bread, the price of bread has been rising, from 11 yuan, 12 yuan, and 13 yuan to 18.91 yuan.
At 15:00, the Pengcheng Stock Exchange closed, and the closing price of bread was set at 17.68 yuan.
The faces of the investors, large investors, and retail investors who bought the original shares of the bread and sold them on the same day showed bright smiles.
Retail investors who bought bread at a premium left the securities business office with trepidation, waiting for the next day's trading time.
Among the retail investors who buy bread at high prices, there are people from the public family, workers, white-collar workers, business executives, citizens who are idle at home, businessmen who open various shops, and princesses and ladies who are engaged in gray business.
The next morning, trading on the stock exchange resumed. The price of bread rises and falls, up and down.
Some people make a small profit, sell at a profit, some
leave the market with a small loss, and some people expect bread dividends or continue to rise, holding a wait-and-see position.
Securities companies make steady profits and do not lose money, and charge trading commissions for large and retail investors to buy and sell stocks.
At the end of the
afternoon, bread closed at $16.21, down $1.47 from the opening day's close.
Retail investors who bought bread stocks at a high level on the first day posted a paper loss.
The spotlight in the air of the immersive scene shines on a woman in a black gauze dress. The glowing inscription on the woman's back reads "Princess Jobiro of Parisian Nightclubs".
Qiao Biluo sighed and left the retail hall of the Hongling Middle Road Business Department of CMB Securities in a huff.
As night fell, five men in suits and leather shoes walked into the reception hall of the Paris nightclub with elegant steps, and Qiao Biluo greeted them, asked questions, and took the five men to the 888 private room on the third floor.
The glowing words on the back of the five men reveal their identities. The five men are from Pengcheng Sinar Mas Certified Public Accountants, Jutian Securities Investment Banking Department, Jutian Securities Business Management Department, Jutian Securities Business Department III, and Shenzhen Finance Investment Partner.
The glasses man at the head looked at the beautiful and moving Qiao Biluo, and a charming smile appeared on his face.
He skillfully grabbed Qiao Biluo's Yao and said with a smile: "Beauty, I seem to have seen you somewhere, what is your name?"
"My name is Charan. Qiao Biluo casually reported a pseudonym.
The man with glasses took out 20 50 yuan bills and stuffed them into Qiao Biluo's hand, and whispered: "Thank you for your hard work, this is the tip I gave you, you go to the four princesses again, and you want the most beautiful." Also, are you free for the evening? I'll treat you to supper alone. "
Qiao Biluo took the 1,000 yuan bill, smiled charmingly, and said, "Okay, wrap it on me." We'll talk about the night later. "
......
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