Rebirth: The Financial Giant
Chapter 282 [Saxo Platform]
TCG's $13.5 billion Tiansheng Capital entrusted assets rose by $30 billion through December.
This news caused a sensation in the market. If the performance is realized, it means that TCG's price-earnings ratio is less than 7 times. Such a strong expectation and profitability, at least 20 is not excessively valued.
TCG's share price couldn't be held back, and it staged an epic short squeeze. Everyone knows that the current share price of less than $9 is simply a cabbage price.
Funds from various institutions have come in to grab money, which has also driven the stock price to skyrocket.
At this moment, the gluttonous feast of the capital carnival that is being staged in the US stock market is stunned by outsiders, and domestic investors who eat melons see it and call them experts.
The rise of TCG's stock price has shown an unstoppable multi-party momentum, and the stock price under the short squeeze market has risen in a straight line.
$15.22 (+304.78%)
$18.89 (+402.39%)
$21.25 (+465.16%)
...
$26.71 (+610.37%)
As the U.S. stock market closed, TCG's share price was fixed at $26.71, up +610.37% on the day, with a total market value of $152.247 billion, or about RMB 1 trillion!
The trading volume of the day became the first in the US stock market, and the turnover rate of 118% in the day caused a sensation on Wall Street and the global capital market.
The US$1.5 billion held by Tiansheng QDIE Fund created a floating profit of +356% within the day, and the floating profit was US$5.3 billion. Lu Ming did not realize the profit, but chose to hold the shares unchanged.
At a cost price of $5.85, there is absolutely nothing to lose. This stock will definitely rise in the future. Lu Ming sees a market value of $35, which is $200 billion.
TCG is so hot that it is out of the circle.
All kinds of media are citing reports, and they are hotly discussing the wealth myth of instant riches created by Wall Street.
In the next two days on weekends and weekends, the circle of friends of the major netizens who eat melons is discussing this matter, and countless investors directly say that they do not understand.
Why can TCG support the market value of hundreds of billions of dollars? Why can it surpass GE? As of today's close, GE's total market capitalization was $147.4 billion.
The total market value has not only surpassed General Electric, but also surpassed Tiansheng Holdings. At present, the market value of Tiansheng Holdings has not touched the threshold of 1 trillion yuan.
TCG claims to be the shadow company of Tiansheng Holdings in the U.S. stock market. As a result, the market value of the shadow company surpassed that of the original.
Weekends and weekends continued to ferment, and news of overnight riches and overnight losses appeared one after another on the Internet. Some people became wealthy overnight through TCG, and some people went bankrupt overnight.
This capital gluttonous feast is essentially a zero-sum game. The result of one person getting rich is the price of another person being violent.
It is said that the US stock market is a rational market?
After the first day's surge in TCG's resumption of trading, there was no surge in the next week. Instead, it maintained a pattern of high and sideways fluctuations. The stock price fluctuated in the range of $25.5 to $27.
Can't go down, can't go up.
The day before, he rushed so fiercely, and he was exhausted in one go.
Fortunately, there was no decline, and the buying and selling orders did not mean to move, they could only stay there sideways, and the trading volume quickly fell.
The stock price of TCG is not rising because it is waiting for two important annual reports to be disclosed, one is the annual report of TCG itself, but more important than this is the consolidated performance report of Tiansheng Capital for the 2017 fiscal year.
In addition, the Tiansheng Composite Index, a major index compiled by Tiansheng Capital, is also an important indicator. The rise and fall of the Tiansheng Composite Index also affects the share price of TCG to a certain extent.
...
In the last two weeks of 2017, the accounting department and audit department of Tiansheng Capital have become busier than usual. All of them are working overtime and working overtime on weekends and weekends.
The purpose is to drive out the 2017 fiscal year performance report as soon as possible, and it is required to be released within January of the new year. The time is indeed very tight.
What Lu Ming didn't know was that the day when TCG's six-fold increase had already made people interested in seeing new ways of playing, as if it opened the door to a new world. So there is such a way of playing?
When these interested people looked at Tiansheng Capital's share price again, their eyes still glowed with golden light.
...
Cheng Yunkai is one of the thousands of retail investors of big A. He does not have much assets, and his account funds look like 100,000 yuan.
He is a fund manager because he bought more than 20 stocks in his securities account, and each stock cost 4,000 to 5,000 yuan.
Isn't that a fund manager? After playing for more than a year, it has underperformed the broader market, not to mention the Shanghai 50 Index, which represents a heavy blue chip. The Shanghai 50 Index has risen by as much as 31% at its highest this year, and the Shanghai 50 ETF has risen sharply. +37% as much.
If not, Yunkai's account didn't lose too much, only less than 5 points, but playing for a year is equivalent to playing lonely.
The reason for not losing money is that he also bought some core assets, such as Wu Liangye in his stock pool, but only 1 lot.
It’s not like this is the case with the 50 index ETF directly on the stud, or the CSI 300 ETF will also earn a +32% yield this year.
Cheng Yunkai basically played a lonely game this year.
Today, when he was chatting with five or six hundred group friends in a stock exchange group, suddenly a group friend chatted with him privately.
Group friends: Brother, do you want to buy Tiansheng Holdings?
Cheng Yunkai saw that the content of the private chat was full of question marks, and immediately edited a message to reply: I can't even buy a hand in Maotai. You told me to buy Tiansheng Holdings with a stock price of more than 10,000 yuan. Are you kidding me? I am full of studs. If you can only afford 10 shares, the problem is that the minimum lot is 1 lot!”
Qunyou: You don't need to buy first-hand, brother, you download an APP called 'Saxo', then register a trading account, and you can buy Tiansheng Holdings' stocks through this platform, with a minimum price of 10,000 yuan.
Cheng Yunkai: To be reasonable, buddy, your deception is too low-level. You can buy Tiansheng Holdings with a minimum of 10,000 yuan?
Group friends: Brother, listen to what I have said, this is a proxy platform, have you used Pinduoduo? You can understand it this way, it's just me, a big lot of ordinary people who buy stocks together, such as Tiansheng. Holding a share price of 10,000 yuan, we will fight for 1 million yuan together, and then the Saxo platform directly goes to the secondary market to buy stocks and hold them.
Cheng Yunkai: Uh... that is to say, a partnership to buy Tiansheng Holdings? Then share the money proportionally? Then why don't I buy a fund?
Qunyou: Buy a fund? A public fund can only use up to 10% of the total capital to buy Tiansheng Holdings, while the Saxo platform directly buys all the stocks of Tiansheng Holdings, which is different.
Cheng Yunkai was suddenly curious: How to calculate the income?
Group friends: Let me tell you, we are now conducting a new round of fundraising, about 1,500 people, and then each of our 1,500 people will raise 10,000 yuan, a total of 15 million yuan, and then the Saxo platform will act as the host. Buy Tiansheng's shares in the secondary market.
Qunyou: After the stock price rises, if you don't want to hold it, you can sell your share to the newcomer, which is equivalent to the market value of Tiansheng Holdings' holdings of N yuan/1500+ premium and sell it to him, just like buying Stocks are the same.
Qunyou: On the Saxo platform, it doesn't matter if the price of Tiansheng Holdings is 100,000 yuan per share, just turn the 1,500 shares into 15,000 shares, or even 150,000 shares.
Cheng Yunkai was stunned, and after regaining his senses, he edited the message and replied: I wipe, can I still play like this?
Group friends: Do you know the TCG that skyrocketed 6 times a day some time ago?
Cheng Yunkai: I know.
Qunyou: That's good, in fact, it is essentially the same gameplay, the difference is that TCG anchors the price of assets under management of Tiansheng Capital, and at the same time can be directly traded in the US stock market, the value anchor of the Saxo platform. It is Tiansheng Capital and free trading on the Saxo platform.”
Cheng Yunkai: That is to say, the Saxo platform is equivalent to a middleman?
Group friends: Yes!
Cheng Yunkai: Why haven't I heard of it? Saxo... Shouldn't it be a scammer's platform?
Group friends: It came out recently, here, screenshots, I have made 200,000 myself, in short, you can download it and take a look. This platform is an opportunity for Xiaosan to buy Tiansheng Holdings.
Cheng Yunkai finally replied: Okay, Saxo APP, right? I'll download it first and see...
Good guy, this Saxo platform directly divides 1 hand of Tiansheng Holdings into parts, divides it into N shares and sells it separately, and the platform itself holds it.
The knowledgeable person sees that this is not a single trust beneficiary certificate, but also provides traders with a secondary market for trading, which is convenient for changing hands and realizing cash. The primary issuance fundraising market and the secondary market trading room market should be the same Everything.
On the one hand, Tiansheng Holdings is an undervalued high-quality asset, but on the other hand, the stock price is too high and the funds are too small. There are thousands of people in the market who want to buy, but they can only stare blankly.
If there is demand, there must be supply, especially after the resumption of trading of the TCG stock on the US stock market, it is simply Wall Street that pointed out the direction, so the Saxo platform was born.
And it is expanding at a very exaggerated rate.
...
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