Chapter 309 Preparations before the Liquidation of the 22-fold Fund
The soaring performance of the two funds was hotly discussed in the market for the entire weekend, but the employees of Junshi Capital did not have the leisure to do so. This weekend, Junshi Capital employees worked overtime for a rare period of time.
There are only four trading days left this month, followed by the May Day holiday. Dongfang Fortune has been trading on the same board for seven days, so it is only a matter of time before it is delisted. If it can be delisted within this month, Junshi No. 1 may be liquidated after the May Day holiday.
At the latest, the liquidation phase can be entered in mid-May.
Gu Junhao knew roughly how high Dongfang’s wealth could rise. Although early liquidation would result in some loss of profits, it would be a good thing for Junshi Capital’s cash flow.
On April 27, the remaining two stocks of the two funds both hit the daily limit again. The share price of Zhongguo No. 1 Heavy Industry has reached 13.66 yuan, and Dongfang Fortune, which has hit the daily limit for eight consecutive days, is at 63.07 yuan.
Today, Dongfang Wealth's trading volume increased to 136 million yuan. Judging from the increase in trading volume, it is not far from delisting.
On April 28, Dongfang Wealth continued to rise, with the stock price closing at 69.38 yuan and the trading volume increasing to 756 million.
The trading volume has increased several times for two consecutive trading days, and the flat trend can no longer be sustained.
Zhongguo First Heavy Industries opened high and ended high today, also achieving a daily limit, with the stock price closing at 15.03 yuan.
However, there were huge differences in Zhongguo Yichong throughout the day, and it kept breaking down all day. Seeing this, Gu Junhao also asked Xu Jianqing to reduce his holdings in Zhongguo Yichong by 500,000 lots.
Junshi No. 2 does not need to be liquidated, so naturally a certain position must be retained. Therefore, companies like Zhongguo No. 1 Heavy Industry and Dongfang Wealth do not need to carry out large-scale liquidation even after delisting, and some positions must always be retained.
There is still more than a month until the stock market crash in June. These two stocks will have a second surge , and you can naturally reduce your holdings again at that time.
After the market closed, both Dongfang Wealth and Zhongguo First Heavy Industries announced their top-performing and top-performing stocks. The one who sold a seat at Dongfang Wealth, which had risen by more than 20% in three trading days, was unexpectedly Gu Junhao's old acquaintance, Guojun's proprietary seat, with a total sale of more than 150 million yuan.
The second selling seat was an institutional seat, which sold a total of more than 130 million yuan. This is not surprising, after all, Dongfang Wealth is a large-cap stock that is crowded with institutions.
But the top performer list of Zhongguo No.1 Heavy Industry was far beyond Gu Junhao's expectations. Of Zhongguo No.1 Heavy Industry's transactions today exceeding 9.5 billion yuan, Gu Junhao alone sold as much as 750 million yuan, and this 750 million yuan was not enough to make it to the top of the sales ranking.
The first seller was the Shaocheng Securities Sales Department, which became famous in the battle of the "God Car", with a total sales of more than 850 million yuan. Gu Junhao was ranked second, and the third to fifth sellers sold more than 550 million yuan, 410 million yuan and 250 million yuan respectively.
"I didn't expect it to be this guy. But it makes sense. It's also normal to switch the high and low numbers based on his sensitivity to short-term trends." Gu Junhao said with a smile when reviewing the market.
"Boss, do you know him?" Xu Jianqing asked curiously. He had never heard that the boss had ever made friends with any hot money.
"Oh, I don't know him, but I know he's a great man." Gu Junhao said.
Judging from the Dragon and Tiger List of CSR and First Heavy Industries, Gu Junhao's current thinking is surprisingly consistent with that of this big boss, as both of them reduced their holdings significantly on the same day.
With the outflow of large funds, Zhongguo No. 1 Heavy Industry’s eight daily limit increases in nine trading days came to an end, and it officially entered a high-level oscillation trend.
Then in the last two trading days of this month, Zhongguo First Heavy Industries experienced a sharp drop of 4.19% and an increase of 2.71% respectively. At the end of the month, the stock price was fixed at 14.79 yuan, an astonishing increase of 142.46% in one month.
After resuming trading, Dongfang Fortune finally opened a consecutive daily limit trend in the last two trading days of April after nine consecutive daily limit increases. However, the trend was still extremely strong, with two consecutive daily limit increases on the 29th and 30th.
Since the resumption of trading, Dongfang Wealth has had 11 trading days in total, all of which have hit the daily limit. The share price has soared from 29.42 yuan at the beginning of the resumption to 83.95 yuan, and all of them were in the form of daily limit increases. The main funds in the market are truly unique.
In Gu Junhao's impression, the peak price of Dongfang Fortune in 2015 should be above 100 yuan, but he can't remember the exact amount.
The stock was suspended for more than a month before resuming trading. Gu Junhao was still wondering if there was something wrong with his memory. How could the price of less than 30 yuan rise to 100 yuan in less than two months?
It seems that the main funds in the market are waiting here, and after 11 consecutive boards with continuous flat boards and large-volume daily limits, they will slowly make high points and second high points to sell.
This would also explain why the stock price has risen so high.
I have to say that the capital in this era really knows how to play. With such a large plate, they dare to pull out so many daily limit increases. How much leveraged capital is involved? No wonder the supervision in later generations has become more and more strict.
If this happened in later times, your stock would have been suspended long ago.
By April 30, Junshi No. 1 had been completely sold out, with not a single share left on the books.
In the end, the overall scale of Junshi No. 1 was 914.33 million yuan, and the net asset value rate was fixed at 22.8583.
In order to facilitate the shipment of Junshi No. 1, Junshi No. 2 only sold 24,000 lots of Dongfang Wealth today. As of the last trading day of April, there were still 60,000 lots of Dongfang Wealth and 300,000 lots of Zhongguo No. 1 in the account.
Zhongguo First Heavy Industries sold another 100,000 lots in the last two trading days, recovering a total of 145 million yuan. The two holdings had a total market value of 947.4 million yuan, and there was more than 1.694 billion yuan in cash in Junshi No. 2 account.
Junshi No. 2, with a total scale of over 2.64 billion yuan, saw its net asset value rate soar to above 5 again at the end of the month, reaching 5.2828.
In fact, Tonghuashun also achieved a daily limit again today. After the ex-rights, the stock price once again reached the ranks of 100-yuan stocks, at 108.68 yuan. However, Gu Junhao was busy with the liquidation task of Junshi No. 1 today and had no time to take care of it.
But it's also a good thing. If I sell them before the stock market crash comes, I will definitely be on the Dragon and Tiger list again. And with the influence of my seat, I can attract some retail investors to clear their positions in advance.
With the current crazy market trend, a stock market crash is inevitable. The crazier the rise is now, the more tragic it will be then. Especially some margin trading can cause your position to go bankrupt in minutes.
Gu Junhao was powerless to stop the madness of the market and the stock market crash, but with the influence of his seat, it would be a merit even if he could only help one person clear his position in advance.
He would only lose a part of his profits, or maybe even nothing at all. Money was not that important to Gu Junhao now.
After today's closing, no one had any intention of leaving the trading room. Junshi No. 1 was currently in a short position, and everyone already knew what was going to happen. Xu Jianqing, Wang Ruoyu and Liu Tingting seemed extremely excited.
Under the leadership of the boss and his own management, a private equity fund with an initial scale of only 40 million yuan eventually reached a total scale of 914 million yuan. This resume is dazzling in any case.
"The return is close to 23 times, which is unique in the two markets. Mr. Gu, you are simply amazing." Wu Peng sighed. He had never seen such a crazy private equity fund since he started working in the industry.
"This can be considered a myth. It will definitely be a benchmark for all private equity funds and even public equity funds in the future." Cao Wenxun also nodded repeatedly.
"What a pity! If only it could reach 1 billion, that would be even more awesome." Xu Jianqing said with an even more unsatisfied look after being shocked.
It’s still a little too early for the boss to clear out his inventory. If he had continued for another half a month, he might have been able to reach 1 billion.
"It's almost done. Nothing can be perfect. Thank you all for your hard work during this period." Gu Junhao said with a smile.
"We are not tired, but you, Mr. Gu, are the one who is tired. You have been spending all this time in the trading room." Cao Wenxun said with a smile.
Everyone present was very happy. The performance of the two funds was so outstanding that as operators, their sense of honor was naturally doubled.
What's more, with such outstanding performance, the bonus is naturally not small. You know, as the boss, Gu Junhao has always been very generous.
"No need to say polite words. Junshi No. 1 has been liquidated. Ruoyu and Tingting have worked hard during this period. You can rest for a while during the May Day holiday. I will give you two weeks of paid leave."
Afterwards, Gu Junhao said to Xu Jianqing, Wu Peng, and Cao Wenxun: "Junshi No. 2 is still in operation, but the position is not high. Xiao Xu can stay, and Brother Peng and Brother Cao can also take a half-month vacation, with the same treatment."
Next, Gu Junhao said to Xu Jianqing: "When Junshi No. 2 is liquidated, you will be given the same treatment. You will have to work harder this time. Of course, you will have a normal May Day holiday."
"It's okay, boss. I have nowhere to go on vacation anyway, so I might as well come to work." Xu Jianqing said generously. He also knew that this was how much Gu Junhao valued him.
What's more, his leave will be indispensable when Junshi No. 2 is liquidated. Maybe he will have a girlfriend by then, and then he can have fun comfortably.
"Haha, thank you, boss. It's a good opportunity to take my family out for a trip."
"Well, this month's bonus and salary will be deposited into your accounts on time. Ruoyu and Tingting, if you have something else to do, you can come to work a few days later. It shouldn't be too busy next time."
"Okay, thank you, boss."
"Thank you, Mr. Gu."
"That's it, Xiao Xu, announce the performance of the two funds. I have something else to do, so I'll leave first." Gu Junhao nodded.
After Gu Junhao walked out of the trading room, Xu Jianqing led the cheering.
After a period of intense trading, the harvest season finally arrived. The three young men cheered wildly, and this scene also infected Wu Peng and Cao Wenxun, who cheered along with everyone.
Junshi No. 1 has created a performance myth. This honor is not just for Gu Junhao alone, but also belongs to the entire transaction team of Junshi Capital and even all employees of Junshi Capital. Without everyone's concerted efforts, Gu Junhao would not be able to take care of it after the funds were magnified.
What Gu Junhao was talking about was to find Guo Yuanwei to calculate the income attributable to Junshi Capital based on the final scale of Junshi No. 1. Junshi No. 1 has been in operation for a full ten months since it was officially launched in June last year.
Although it has been in operation for less than a year and is still in a closed period, the net value of 22.8583 may still increase to a certain extent.
But Gu Junhao no longer plans to continue. In addition to the fact that the stock market crash is not far away, Junshi Capital also needs a certain amount of cash flow.
This not only avoids a stock market crash, but also solves the current dilemma of having to subsidize the company itself.
After obtaining this profit, Junshi Capital will be able to achieve true autonomy in profit and loss, and will be able to free itself from the company.
Such high returns have also met all of Junshi Capital's requirements for management fee collection and profit sharing. Junshi Capital can obtain a maximum management fee of 4% of the total scale of Junshi No. 1 and a profit sharing of 50%.
With Xu Jianqing's release of the performance of his two funds, the market was once again dazzled after last week.
"What the hell is this fund? Junshi No. 1 made about 150 million, which is fine, but Junshi No. 2 made almost 450 million. Another 600 million in one week?"
"He alone made all the money in this market!"
“Is this the bull market?”
"With the rate at which Junshi No. 1 is growing, won't it break 1 billion next month? That's too much, it's only been established for less than a year."
"If the price continues to rise like this, how will our peers survive?"
Junshi No. 1 has grown from a scale of 40 million to over 900 million. Not only ordinary investors think it is outrageous, but even peers think it is very exaggerated. After reaching its peak, the popularity of this magical car has gradually declined.
At this time, Junshi No. 1 took over the topic and added many topics for everyone during the upcoming May Day holiday.
However, after discussing with Guo Yuanwei, Guo Yuanwei also strongly agreed to early settlement of Junshi No. 1, which could provide the company with a large amount of cash flow. It is actually unhealthy for a company to always rely on the boss's personal transfusions.
“It’s a pity that Junshi No. 2 was established less than half a year ago, otherwise they could be settled together, which would be even better.” Guo Yuanwei sighed.
In Guo Yuanwei's opinion, Junshi No. 2 can achieve more than 5 times the return under the operation of large funds, which is more difficult and better than Junshi No. 1. It's just that the halo of Junshi No. 1 is so dazzling that people always unconsciously ignore Junshi No. 2.
"Yes, the time is too short, and the larger the fund size, the more difficult it will be to increase the net value in the future. In fact, clearing it to zero is the best." Gu Junhao nodded. In the future stock market crash, the net value of the fund will definitely have a corresponding pullback, and the income at that time will not be as high as it is now.
"Mr. Gu, Junshi No. 1 has only been in operation for 10 months, so should we give a corresponding discount on the management fee?"
"Well, since it's less than a year, we should give you the discount you deserve. We don't have to calculate it based on the full 4%, lest people say we are too greedy."
"Okay, let me do some statistics." Guo Yuanwei began to calculate quickly. This time, Junshi No. 1 was preparing for liquidation and settlement, which could provide the company with a large amount of cash flow. This was the most exciting thing for him as the chief financial officer.
After a while, Guo Yuanwei calculated the specific profits of Junshi No. 1 that ultimately belonged to the company. After deducting part of the management fee discount, the profits that ultimately belonged to Junshi Capital reached 438 million yuan.
The remaining final data of more than 476 million yuan will be equally divided among Junshi No. 1 investors according to their initial subscription shares.
"Okay then. I'll send an email to investors tonight announcing the liquidation and tell everyone that the money has been divided!" Gu Junhao said with a smile.
