Chapter 716 Stealth Sniping

  When Zhong Shi and Gao Dongfang appeared at the VIP exit of Wolfsburg Airport, several Volkswagen reception staff were already waiting there, including an international student translator.

   “Found a little at home!”

  Gao Dongfang looked at the wet stains left by the melting snow on the opponent's windbreaker, and said with emotion, "Compared with the Porsche, it's really a world of difference."

   "You should have never encountered a scene where you were rejected?"

  Zhong Shi laughed and said, "At your level, no matter where you go, you will be greeted and hugged. Not only is the door closed, I am afraid that like me, there are very few behaviors that are light and easy."

   "Are you still easy going?"

The corners of Gao Dongfang's mouth twitched again, and he couldn't help but glanced back at the plane, teasingly said, "You can be regarded as easy-going? If that counts, then I would rather be easy-going than hug .”

   "Okay, stop talking nonsense, here they come!"

   Tightening his neckline, Zhong Shi put on a smiling expression and strode towards the people from the Volkswagen Group.

   Gao Dongfang behind him quickly followed.

   "It's really unbelievable to bother you to greet me in person!"

   After the group boarded the official car of the Volkswagen Group, Zhong Shi and Gao Dongfang were shocked to find that Ferdinand Piëch was sitting in the car with a big smile, staring at them with piercing eyes.

  Zhong Shi greeted quickly, and at the same time introduced Ferdinand Piech in English, "This is Mr. Gao Dongfang, my companion. This time he came with me."

The interior of this unremarkable commercial vehicle has been remodeled. It was originally a nine-seater, but the two rows of sofas in the middle were disassembled, and a desk was placed in the vacant space. The space is spacious and comfortable, and it does not feel crowded at all. Great for instant office work.

Beside Ferdinand Piech, sat a thin middle-aged man, wearing glasses, he just looked at the two of Zhong Shi curiously, when Zhong Shi introduced Gao Dongfang, his pupils shrank rapidly , a look of ecstasy flashed across his eyes. In order not to let Zhong Shi and others notice his expression, he quickly lowered his head, and then raised his head after a while, he had already put on that formulaic polite face again.

   "When the honored guest comes, I will naturally welcome it in person!"

  Ferdinand Piech stood up, took two steps slowly, and stretched out his hand towards Zhongshi, "I'm really sorry, because of my limited status, I can't show up at the airport in person, and I have neglected you two."

   "It doesn't matter!"

  After hearing what he said, Zhong Shi realized his abruptness. After looking at the tea-colored glass, he said with lingering fear, "It's true that we didn't think carefully."

   "So, Mr. Zhong seems to have something important to discuss with us?"

  Ferdinand Piech, who is as cunning as a fox, only talked a few words with Zhong Shi, and he initially verified what he thought before. He was overjoyed at the moment, and couldn't help asking.

"This…"

Zhong Shi pondered for a moment, looked up, and just saw the thin man next to Piëch with a smile that was not a smile, and then smiled, and replied straightforwardly, "There is indeed one thing to discuss, but whether it is important or not, It depends on how we end up talking."

   "As long as there is something to talk about!"

  Ferdinand Piech suddenly smiled, "As long as we can negotiate, everything is not a problem, is it?"

  The commercial vehicle drove away amidst the jokes of the crowd.

  …

  Two months later, into May, half of 2009 is almost fleeting.

In the past half a year, the world economy has not seen any improvement, because the impact of the subprime mortgage crisis continues to deeply affect the world economy, employment difficulties, sluggish demand, sharp drop in trade, falling housing prices and other problems It has not been fundamentally improved.

   There are signs that the recovery of the world economy is nowhere in sight, and the current bad situation will continue for some time.

In the international market, crude oil has fallen to the level of US$50 per barrel, which has dropped by half from the highest price of more than US$100 per barrel; in terms of metal copper, the price of copper per ton has also fallen below US$4,000, due to the continuous demand In the downturn, the relationship between supply and demand cannot be improved in the short term. Experts predict that the price of copper will continue to fall. In addition to these important raw materials, varieties with a safe-haven function among precious metals have risen sharply, and the most eye-catching gold futures It rose to $900 per lot, approaching the $1,000 mark.

  In the global stock market, the S&P 500 index fell to a trough of 666.79 points on March 6, setting a new low since September 10, 1996, but then the S&P 500 climbed strongly and has risen to more than 900 points so far. Hong Kong's Hang Seng Index fell from 31,958 points at its peak in 2007 to 17,000 points today, a drop of nearly 50%.

  Germany's DAX index also reached a six-year low in March 2009, reaching 3,588 points at its lowest point, but that, like the global market, was an extreme performance during a time of extreme panic. At present, the German index is hovering around 4800 points. The momentum is good but the rise is slow, and there are no signs of economic recovery in sight.

   On this day, the German market opened.

  The market price of Volkswagen Group shares remains at a high level of 200 euros per share, and transactions on and off the market are going on intensely.

"How about it?"

  An old man walked up to the trader and asked anxiously, "Is there any sign of falling prices?"

"No!"

The red-eyed trader looked up tiredly, and replied blankly, "It's still at the position of our strike price. As long as there is a slight upward momentum, there will be a big sell order immediately. It fell."

The old man is the general manager of the Porsche Group, Wei Dejin. In the past two months, he has been in charge of purchasing the shares of the Volkswagen Group. After hearing this, he shook his head slightly, sighed, and said nothing. But his eyes were full of disappointment.

The Porsche Group wants to acquire the Volkswagen Group through the price of options. The original price of the options was 160 US dollars, but after paying a large amount of fees to Zhongshi, these costs were spread on the options, and the exercise price of these options skyrocketed to 210 euros the point of eps. That is, if the Porsche Group wants to exercise the options, they have to pay a price of 210 euros per share to ensure the smooth exercise of these options.

Once in March, due to the panic throughout the world, the stock price of the Volkswagen Group fell to around 150 euros per share. This situation is very beneficial to the Porsche Group, because they only need to pay a price that is 60 euros lower than the strike price For each share, you can buy the corresponding stock.

   Unfortunately, at that time, it was the critical time for the negotiations between the Porsche Group and the bank consortium, and they simply did not have enough funds to absorb the stocks on the market. By the time they formally secured new funding from the banks, the VW Group's share price had risen back above 200 euros.

   The new loan agreement jointly signed by the Porsche Group and many banks is essentially equivalent to an extension period, but unlike the extension period, the Porsche Group has obtained new funds, and the interest rate has also increased a lot.

  The originally due loan of 9 billion euros has become a loan of 10 billion euros for one year. It is used to acquire the shares of the Volkswagen Group. The interest rate is five times the original rate, which has directly soared to an annualized level of 6%. In this way, it is basically equivalent to that the Porsche Group has only received 1 billion euros in cash, but will have to pay more than 600 million euros in interest in the future.

   The time left for the Porsche Group is very tight, but the stock price of the Volkswagen Group in the market has always remained high, which made Wedekin and others very annoyed.

   "Boss, don't you think this situation is very abnormal?"

After hesitating for a long time, the trader said timidly, "Maybe you don't know, but our front-line operators know it very well. Many times, the market is obviously beneficial to us, but the situation changes very quickly. It's as if there is an invisible hand manipulating it, always against us!"

   "What do you mean by that?"

  Wei Dejin twitched his eyebrows, and asked calmly, "Did you hear something, or know something?"

"nothing."

The trader pursed his lips and shook his head and said, "We usually just listen to the news in the market. After all, we are the biggest buyers now, and it is too late for others to do everything possible to inquire about our news. But according to my observation, the public When the stock price of the group is at a low level, there will be a large inflow of funds soon, which will quickly raise their prices to more than 200 euros. And if the price exceeds 230 euros, there will also be a large amount of spot selling, which will suppress the price to Around 220 euros to 210 euros. This situation has happened more than once or twice, and I suspect that our reserve price was known to others, so they waited for us to exercise the right to take over the order.”

   "Our price is the top secret, how could it be leaked?"

Wei Dejin shook his head violently, "This is absolutely impossible, not to mention our internal secrecy system, just the level of knowledge of these reserve prices, only you traders and a few top executives in the entire group know. If it is leaked, is it Said it was leaked by the people here?"

  As soon as he heard this, the trader decisively shut his mouth, he didn't want to get angry.

   After a long silence, Wei Dejin continued to ask: "The situation you mentioned..."

   "Wait, there it is!"

The trader categorically shouted, pointed at the numbers flashing on the screen and said, "Did you see that, just now there was a 10 million euro sale order for the Volkswagen Group, the quotation was 198 euros, and the transaction was completed in an instant, and the price jumped up all of a sudden." 200 euros."

   As he finished speaking, he tapped the keyboard and called up the transaction record just now.

  Wei Dejin squinted his eyes, looked carefully for a while, and was sure that what the other party said was true, and immediately fell silent again.

"According to the trading rules of this level, because the amount is too large, there will be certain twists and turns in the market. This is because there will be no counterparty for a while. But they were bought directly as soon as they appeared. It can only be said that The opponent has been on guard. If my guess is correct, the opponent must have a heavy defense in the low and high positions."

The trader explained in detail, "Although it is not clear how much money the other party has, what is certain is that they are happy to see us exercise our options around 210 euros. This is actually an act of manipulating market prices, but for As far as we are concerned, the price that is neither high nor low is just right for us to exercise our options, which has caused us great trouble.”

   "Give us huge trouble?"

  Wei Dejin was taken aback for a moment, and then asked inexplicably, "Why do you say that?"

"If the price is too high, after we exercise the option, we can sell it at a higher price. In this way, we will absorb it when it is low, and we will make a corresponding profit. If the price is lower than 210 euros, we will change In order to buy low-priced stocks in the market, in this way, you can absorb the shares in the market without exercising the rights. This was originally a very cost-effective transaction, but the other party now limits the price range to between 200 and 220 euros. There is very little room for us to operate, so it has caused us great trouble."

  The trader said dejectedly, "I don't know if this is intentional or not, but it always feels like they are targeting us!"

  His words were like a bolt from the blue, directly blasting into Wei Dejin's mind.

   Special thanks to the book friend cpower for the monthly pass and the big reward! Thank you for poisoning you thousands of times, drawing a knife and cutting oil to vote for the monthly ticket! Thanks for the sneaky tip! Although this month is very bleak, the author is very grateful to see everyone's enthusiastic support~ I hope more book friends can support this book~

  

  

  (end of this chapter)