Chapter 625 Financial Conference (2)

   When McDart returned to the company, it was already past ten o'clock at night. While reviewing the list of institutions attending the scene tomorrow, he received a notice from the Bank of America that they would not come tomorrow.

   This news caught McDart by surprise, and before that, he had persuaded Dick Foud to go home and rest. So he could only call together the high-level people who are still in the office building to discuss the countermeasures together.

"If we can restructure smoothly, it will be the same with or without Bank of America." Alexander Kirk, the head of the global M&A department of Lehman Brothers, said, "The most important question now is that we are at the press conference. You can’t ask analysts to ask any questions about financing. If you ask, you can’t disclose the specific numbers.”

"Not bad!" Chief Financial Officer Chris O'Meara also echoed, "Although what the analysts of **** and Citigroup said at the meeting is more like a risk assessment for us. But at least one point , They are right. That is, the funds needed for this asset restructuring plan cannot be leaked, otherwise we will be finished immediately."

  The stock price decline that has lasted for at least four months has almost exhausted all the cash reserves of Lehman Brothers. Coupled with the continuous loss of counterparties, they have fewer and fewer sources of liquidity. But at least so far, they have been able to borrow cash from the Fed, which is the only positive.

"Okay, Chris." McDart finally looked better, "I will leave the task of announcing the financial data tomorrow and dealing with analysts. In addition, if a large organization shows interest in us, relevant data You can also tell the truth, now we need a buyer, detailed data is very important to us."

   Not only Chris O'Meara, everyone present nodded solemnly.

  At one o’clock in the middle of the night, the Lincoln convoy parked at the headquarters of the Raymond Brothers building started to leave one after another, which meant that the last batch of bankers also got off work and rested. But these people can only go back and take a hot bath at most, and squint for a while, because at 9:30 this morning, Leimen Brothers will hold the third quarter financial report conference, and at six o'clock in the morning, they will Go to the company to preview the conference.

  …

  At seven o'clock in the morning, all the personnel related to the press conference are in place, and are gradually and orderly rehearsing the press conference. Just in the middle of the "launch event," McDart received a call from Goodman's company.

"Sorry, Herbert, we haven't found any interested buyers!" said Schwartz, a partner in charge of mergers and acquisitions at Goodman & Co. !"

   "What? Do it yourself?" McDart was stunned, and it took him half a minute to wake up. "You mean that Goodman Company intends to acquire Raymond Brothers? This...is really unexpected!"

However, McDart's surprise didn't last long. He saw through the opponent's conspiracy just like Ken Lewis, and immediately scolded unceremoniously: "Fuck you, Schwartz, don't we know who is behind you?" What's the plan? Damn, you guys are still planning to take advantage of the fire? Get out, son of a bitch."

  McDart, who was already so busy that he was in a state of desperation, didn't have the heart to make false claims with the other party at this time, so he just started spraying.

"Don't be like this, Herbert, we are indeed very sincere. You should be clear that the previous rumors are not true. Our Goodman Company has never done such immoral things." Schwartz is very gracious He explained patiently, "Besides, the situation of Leimen Brothers is really bad now. We not only want to help you, but also expand ourselves through mergers and acquisitions."

"Well, Schwartz, these words are useless to me!" McDart has recovered his composure, but he will not be easily deceived by the people of Goodman Company, "We can only resort to Fed and Treasury, if you can convince Treasury Secretary Paulson, we are willing to sit down and talk. Otherwise, nothing else will be possible.”

   After finishing speaking, he hung up the phone decisively.

  …

   Unexpected events did not interfere with Raymond's financial release preview. After everything was completed, the conference room of Lehman Brothers on the 31st floor was officially opened to investors. Investors and analysts from all over the world filed into the venue and waited quietly for the release of the third quarter financial report of Lehman Brothers.

   "Wow, this formation is really big enough."

The moment he stepped into the venue, Jiang Shan couldn't help crying out. This meeting room on the 31st floor was originally a large meeting room, which could accommodate nearly a hundred people. With multiple locations, the capacity of the entire meeting room reaches about 150 people. In addition to the positions provided to the participants, the people from Raymond Brothers also thoughtfully reserved a camera position at the end of the conference room for use by the broadcasting organization.

  The overall decoration style of black and white, coupled with the light dark blue glass curtain wall, made the whole venue reveal a low-key and stable. Compared with the hotel's often luxurious conference hall, this place is a little less expensive, but more pragmatic. Seeing all this, Zhong Shi couldn't help but secretly nodded, looked around, and walked calmly to his place.

  The photojournalists naturally discovered Zhong Shi, and shot him suddenly with long guns and cannons, but the protagonist today is not Zhong Shi, so after focusing for a while, they quickly shifted their target.

   All of this was seen by another person. This person was Hans Gallaud. He was a middle-aged man with a mustache. He wore huge sunglasses, making it difficult to see his true face. In Wall Street, it is taboo to be unkempt, so when a discerning person sees this guy hiding his head and tail, he knows that he must be hiding his identity, or he is just acting as an agent.

This is indeed the case. This person’s apparent identity is the chairman of an investment company from the Virgin Islands, but in fact he is a financial analyst from Quantum Fund. The purpose of his attendance at the Lehman Brothers meeting is naturally to To monitor every move of Zhong Shi and others, this is a chess piece that Soros steps down.

"Boss, the target has already entered the meeting place, and no abnormal behavior has been found for the time being." Hans Gallaud whispered on the phone, "There are four of them here, three assistants, and the target himself. But in the target When it appeared, there was a small-scale commotion at the scene, presumably because the target had made a high-profile publicity about shorting Bear Stearns before, so other participants thought of something."

  In addition to being a financial analyst, this man named Hans Gallaud can also speak Mandarin and Cantonese, because he has stayed in Hong Kong for eight years. The most amazing thing is that this analyst can also read lips. Because of this, he was selected by Soros.

  Zhong Shi never imagined that Soros would spend so much effort to get information from him.

"Okay, continue to observe, and report any news immediately!" Soros's faint voice quickly passed through the microphone, and Hans Garrod responded, and continued to observe Zhong Shi and the others silently. .

  The meeting has not yet started, Zhong Shi chatted with Jiang Shan in his free time.

   "Zhong Sheng, if we appear here today with such a high profile, will it arouse speculation in the market?" Jiang Shan whispered, his expression a little confused.

"It doesn't matter." Zhong Shi looked around, pretending to be interested, but said lightly, "Today's protagonist is not us, we just participate in this meeting, it's that simple. And I suspect that today There should be many consortiums interested in Leimen Brothers participating, let's just take a look, who are the potential opponents?"

   "But they won't reveal their true intentions on this occasion, right? I think the top executives of those consortiums will definitely not attend in person."

   "You are right. Look at the guy on the right wearing sunglasses. I suspect he is an agent of a consortium."

   "..."

  The time passed slowly as the participants kept entering and chatting, and soon at 9:30, a group of senior executives from Leimen Brothers filed in on time and sat in front of the rostrum.

   Before Dick Foud took his seat, he scanned the audience with his domineering eyes, and then sat down calmly. Before entering the venue, he also took time to look at the US stock index futures on the Bloomberg terminal. He knew that the financial conference of Raymond Brothers on this day would have a major impact on the market, so he needed to understand the sentiment of the market before the meeting, and the result was not To his surprise, stock index futures opened lower and moved lower, which was very pessimistic.

  After the executives were seated, the public relations department of Raymond Brothers cast a questioning look at Dick Foud, "Can we start?"

   "Let's get started!" Dick Foud sat in the most central position and nodded expressionlessly.

  Lehman Brothers' financial statement presentation for the third quarter officially began.

  Amidst the overwhelming sound of shutters, Dick Foud walked to the podium with his speech and started the first part of the meeting, his public speech to the market.

"In view of the recent situation, we decided to hold the third quarter financial statement conference of Lehman Brothers this morning. As expected by the market, we experienced some losses in the third quarter. At the same time as the financial statement conference, we will also The announcement of some major financial and operational changes, including the reduction of the company's investment position in real estate, means that the company's strategy will undergo a major adjustment."

  Dick Foud's voice followed the TV broadcast to every corner of the market. The investors who were waiting in front of the TV and phone were in an uproar, and there were murmurs of discussion on the scene. Because according to what Dick Fude said so far, the focus has changed from how much Lehman Brothers may lose in the third quarter to how Lehman Brothers will restructure its assets.

   These are two completely different concepts. The former is downright negative, while the latter can bring positive and positive market effects. Of course, whether it can make up for the adverse effects of the former depends on specific measures.

   Dick Foud was very satisfied with the effect of his words, even though it was expected. He continued: "These recapitalization plans will be a massive de-risking of our balance sheet. Mitigating future write-downs and turning Lehman Brothers into profitability is the ultimate goal of these measures. By enhancing returns, To benefit our investors will always be the direction of our efforts."

  After a brief introduction to this aspect, he changed the subject and began to express strong confidence, trying to infect this sentiment to those present, to other investors who were not present, and to the entire market.

  "Leimen Brothers has encountered countless difficulties since its establishment, but it has survived tenaciously until today. This time we are no exception!"

"We worked together to seize every opportunity given by the market, and finally expanded the business of Leihman Brothers to the global scope. This is the joint efforts of Leihman Brothers employees, and it is also the market's recognition of us. Thank you for participating today We also thank you for your concern about our press conference. I must tell you frankly and directly that everything is under control at present, and we are confident to get out of the predicament of the first two quarters."

   "Now, I will hand over the meeting to my chief financial officer, Chris O'Meara." Amidst the warm applause, Dick Foud said with a smile.

   Thanks to book friends Xing Xiyuelang, Nanquan 99, and Flying Elf for voting monthly! Thank you book friend nijita for your reward! I hope you will continue to vote and support~

  

  

  (end of this chapter)