Chapter 249: When did Li Yuan become so easy to talk to?
It is actually normal to lend stocks to brokerages because brokerages can make money from them.
They have been trading Nvidia for a long time, and the profits are basically calculated on an annual basis. They hardly touch most of their holdings and lend them to brokerages. They make six or seven percentage points of profit every year. Isn't that normal?
As for whether those votes have any impact on their control of the market?
Under normal circumstances there will be no impact, because if they want to operate, they can just go directly to the brokerage to open a contract. If this brokerage doesn't have it, it's impossible that another brokerage doesn't have it either, right?
It can be said that there is absolutely no impact on myself.
It is like lending your own money. When you don't need it, you can keep it outside and collect long-term interest. When you need it, you can borrow it from others and only pay short-term interest.
After this news came out, no one blamed the guy because there were others doing the same thing.
The first thing they did was to look for brokerage firms to see how many stocks they still had.
As long as I can get it back, it’s no big deal.
However, half an hour later, when all the data was summarized in this conference room, everyone was stunned.
The leader slammed the table and shouted, "Why is there only 24% left? At the beginning, we held 55% of Nvidia, the brokerage held 20%, and the market, including several major natural person shareholders, held 25% in total. Now we only have 24% left. Where are the chips?"
"Contact Mandel immediately and intercept our chips! We are about to be kicked out! Asshole!"
If they could intercept 15% of the chips in Mandel's hands, they would still have 39% of the total, plus Morgan's 10%, which would still give them the initiative.
It is impossible to ask them to give up now.
Not only did they not make any money, they also lost a lot of money.
But before they could make the call, Mandel called first.
"Guys, I know you guys have made a lot of money. Give me some more chips. I want to completely blow up Sky Capital! They are just a little bit short..."
…
Li Yuan was really envious when he saw Nvidia's stock price of $120.
But he knew that as long as the chips were in his hands, they were worthless.
For example, in 2021, Wingtech paid a high price to acquire a semiconductor company named NWF in England. At that time, the semiconductor company was about to go bankrupt and its own value was pitifully small.
However, in order to expand its semiconductor business, Wingtech was still willing to pay a premium for the acquisition and finally offered a price of nearly 90 million US dollars.
The company was also very happy that someone took over, and the market didn't think there was anything wrong with it. A company on the verge of bankruptcy and without any great technology would definitely be happy if there was a sucker willing to take over.
However, after the deposit was paid and the letter of intent was signed, Daiying directly rejected the deal.
The reason is that their American daddy does not allow Chinese capital to acquire any semiconductor company in any Western country, even if it is junk.
After all, there are still 3,000 nails in a broken ship, and they are determined not to allow Chinese funds to gain any benefit from them.
Even a rubbish company like NWF is so meddlesome that the United States has no control over it, so don’t even think about getting involved in something like Nvidia.
If Li Yuan reveals his intentions, he will soon be stopped by various means.
After all, when it comes to shamelessness, who can be more shameless than America?
If the A-share market is shut down, there will be a bottom line. But if the US stock market is shut down, people will strip you of all your underwear.
Currently, Nvidia’s market value is only 52 billion US dollars. Li Yuan holds 27% of the shares, with a market value of only 14 billion US dollars.
In fact, he spent a full $16 billion for this chip.
Kingkong Capital spent less because the two parties held their positions at different times.
Sky Capital currently holds a 17% stake with a total value of US$8.9 billion.
In fact, the investment has reached 10.3 billion US dollars.
If Li Yuan had not been covering for them all the time, there was no doubt that Qingtian Capital would have gone bankrupt at this point.
A large number of chips were taken over by Li Yuan, so there was little pressure on Qingtian Capital.
At present, the cost of Kingkong Capital has been reduced. After all, both parties are under great pressure. In order not to reveal any flaws, Kingkong Capital is frantically taking on chips.
The cost of Kingkong Capital was US$130. They took over a large number of chips at around US$120, which reduced the cost a lot.
It can be right on the margin call line.
Their total loss cannot exceed 1.7 billion US dollars. Once the loss reaches this level, it means a margin call.
Now it’s actually just three points away.
However, they can continue to increase their capital investment in the future. Currently, they have nearly US$500 million, which will be US$5 billion after leverage.
According to the degree of speculation at the $120 price point, if Morgan wants to push the price of Nvidia to a huge amount, he must at least drop the price of Nvidia to $105.
After all, each subsequent point will require Sky Capital to invest hundreds of millions of dollars. If it weren’t for Li Yuan’s help, it would cost even more money.
Li Yuan knew that it had nothing to do with quantification now.
After three weeks of continuous bargaining, quantitative investment was gradually introduced into the game, and in the end Morgan had to put quantitative investment aside and participate personally.
Morgan had no choice because he invested too much and unknowingly invested two or three hundred billion US dollars.
Leverage is also money. Although the principal is only 20 to 30 billion US dollars, the actual losses will also be leveraged.
The greater the investment, the stronger the desire for victory.
After all, people are not programs. Once they are put into the emotions, they can't help but be unable to control themselves.
Originally, he just wanted to use his own funds to take over today, leaving more funds for Kingkong Capital and continuing to mediate with Quantitative.
But today the price was smashed too hard, his market is almost full and he can’t buy any more.
In addition, they couldn't let Kingkong Capital get by with just a few hundred million or a billion dollars as they would analyze the data. So they let Kingkong Capital take on nearly three billion US dollars and directly increased its holdings to the extreme.
There was still about an hour before closing time, and Li Yuan had already called Chen Jie half an hour ago.
At this time, Chen Jie was communicating with the other party.
After chatting for a while, she handed the phone to Li Yuan.
"Hello."
"Hello, sir."
The two sides officially began communicating.
"The lady just now asked me, sir, do you own Nvidia shares? More than 20%?"
"Yes, but I have no interest in Nvidia. I want to find someone to take over."
"Could you please tell me how many shares there are?"
"twenty four%"
"This is indeed an attractive number, but it is somewhat different from what we expected. We need to be above 36%."
Li Yuan smiled and said, "If there are so many, I will personally go there. Nvidia's net profit in the fourth quarter of last year was as high as 1.1 billion US dollars. Do you think such a company only deserves a market value of 50 billion US dollars?"
The other party was silent for a while, and then said, "NVIDIA is a good company. If you only have 5%, we are very happy to take it, and we are even willing to give you a premium of more than 30%. If you have more than 36%, we are even willing to give you a premium of 60%. But for the 24% position, I am sorry, sir, we cannot give you a price."
This position is too awkward for them. They also know that Nvidia is very strong and has been making plans in the past two years.
Unfortunately, I can't get too many chips, and I can't go to support other funds, so I only have 4% of the stocks at present, which I just treat as a bonus and get some share of the spoils.
Although it is shocking enough for them to be able to hold 24%, this proportion is really tasteless and a pity to throw away.
Even if we add in what they have in their hands, it is only 28%. They cannot beat the opponent as a whole and cannot seize the initiative. They do not have the final say in subsequent capital operations.
It is very difficult to make a profit.
You may even end up with a large amount of funds trapped.
In the securities market, one can either control the market or reap funds at will.
Or you can just get by, with the right number of chips in your hand, ensuring that you can make as much money as possible while maintaining absolute freedom and being able to withdraw at any time.
“What if I say that Vanguard and BlackRock, combined, currently own less than 25% of the company?”
"Sir, you are kidding. It is impossible that they only hold such a small amount of stocks."
Li Yuan smiled and said, "If they are the ones in charge, then where did the 24% of my shares come from?"
"???"
Now here comes the question.
It can be seen from Nvidia's market that Kingsoft Capital's shareholding ratio has reached 17%, and these chips are restricted.
If there is a group of people outside who hold 24%, plus their 4%, then the total is 45%, plus the 7% held by the founder of Nvidia, that's 52%.
The brokerage firm has 20% and is not considering it for the time being because it cannot issue a contract, which means that the brokerage firm has no chips left.
But even so, the amount of other funds held will definitely not decrease.
Nvidia is the hottest stock in the US stock market in the past two weeks. I wonder how much global funds it has attracted.
It would not be surprising for outsiders to hold 20%, possibly even more.
With this calculation, it seems that Vanguard and BlackRock don’t have many chips in their hands.
This is an exciting number because if successful, it may bring tens of billions of dollars in returns.
There are risks though.
"Sir, we still can't give a price."
"It's okay, don't worry, I can wait... Next I will continue to collect chips on the market. Although I know it will be difficult, I am willing to try."
"Sir, please give me a few minutes and we will think about this matter."
"My cost is very low, only $132. I believe you can give me a reasonable quote. If you don't, I don't think we need to waste our time any more."
After Li Yuan finished speaking, he hung up the phone.
He was telling the truth. In addition to concealing 3% of the shares, he even told the other party the cost price.
It’s not that he can’t get more chips, but given his status, more chips also mean more pressure.
If he is only pursuing profits for this account, of course the more chips the better.
But in fact, there is enough money in this account.
Something like the US dollar has almost no value in the hands of an individual, and there are only a handful of scenarios in which it can be used.
Even if we purchase raw materials, we won’t need that much.
He doesn't want to serve the black and gray industries, and it's not worth it for him to do so.
His home base is always in the country, so the third phase of the fund is the most important.
He also had a share in it, which was equivalent to legal money laundering.
Chen Jie asked at this time: "What if the other party doesn't agree?"
"Sister Chen, isn't this your problem? It means you are not looking for our target customers."
Chen Jie: “…”
It seems to be true.
Li Yuan inexplicably increased the intensity on her.
She began to wonder if there were any other clients...
Li Yuan has been weighing the pros and cons of both sides.
There is almost no room for operation on the side of Qingtian Capital. Once no one takes over the chips in its hands, the chips in the hands of Qingtian Capital will be worthless.
Then, he can only make up for the losses of Qingtian Capital through the chips in his hands.
No one knows how long this process will last, but it will not exceed half a year.
When the chips held by Kingkong Capital are released from lock-up, Nvidia's shares are destined to be worthless.
If he can’t sell it today, he will have to start preparing margin for Sky Capital…
As the closing time got closer, Nvidia's stock price began to rebound.
A lot of money rushed in and people went crazy buying things.
After the price was raised to US$130, many people were willing to sell their chips, and the overall trading volume continued to rise rapidly.
But after all, they are only a small amount of chips, even if there are a large number of people and the transaction frequency is high.
About ten minutes later, the trading volume increased by nearly US$1 billion. There was a fierce rush for funds to buy, but it seemed that the funds were also being suppressed, not wanting the stock price to break through too much.
It held up at around $130 and trading began to slow down.
However, any chips that come out will be eaten up immediately.
Chen Jie thought for a while and said, "Maybe there are still people who can cooperate. But I'm not sure. How about I contact them and try? Even if it doesn't work, I can set up a bidding situation and give those people a sense of pressure."
Li Yuan waved his hand and said, "No need, they have probably made a decision by now."
"???"
Chen Jie's cell phone rang at this moment.
Since the other party has called, it means they have made a decision and are willing to make a quote.
As to whether it can satisfy Li Yuan is still to be seen, but at least the matter has been accomplished.
"How do you know?"
She handed the phone to Li Yuan in confusion.
Li Yuan: "Because someone is assisting me, someone is grabbing the chips on the market. What do you think is the reason? It's just like a liar. The more guilty he feels, the more anxious he will be to prove himself."
"So... you don't feel guilty?"
This guy Li Yuan seems to be so righteous in everything he does.
Even a scumbag can be so clear about it and doesn't mind what others say at all.
"ha……"
Li Yuan answered the phone with a smile.
"Sir, we have discussed and are willing to pay you a 10% premium on top of your cost. What do you think of this price?"
Li Yuan said: "If it was before, I could accept this price. But now, I'm sorry, I need a 20% premium."
When Li Yuan said this, Chen Jie was stunned.
When did Li Yuan become so easy to talk to?
