Arnold Lagardère was also present last night and heard the latest news from Arnault from Pinault: Jing Gao, the actual controller of Zhaoshi Group, will fight back in the stock market and he will short LVMH Group.
Therefore, the Lagardère Consortium should be regarded as a second-line battlefield.
After all, no one can predict whether Jing Gao, the super-rich man from China, will simultaneously exercise lvmh Group and French Integrated Media Group in the stock market.
Arnold Lagardère did not set up his "war room" in the group's offices, but in his villa on the outskirts of Paris.
Also located in the suburbs of Paris, the "Main Villa" of the Lagardère Consortium is even more luxurious than the manor of the Tang family, a Chinese businessman who covers an area of nearly 300 acres.
The floor area and building area are at least three times that. From the outside, it looks a bit like a small village. The buildings inside are even more magnificent, one after another, with complete facilities, luxury and privacy.
"Boss, there is no problem for the time being. The stock market is calm." The Lagardère family is an old French consortium. The person reporting to him was a middle-aged French man, Carol Banks. He is Arnold Lagardère's financial advisor.
In the United States and the West, the average wealthy person will have a circle of confidants composed of bodyguards, accountants, lawyers, and assistants. Among them, these professions are not just one person, there can be multiple people. Especially lawyers.
At that time, MJ, the world-famous superstar singer, had as many as four or five close lawyers helping him handle various matters.
The super-rich will definitely have a financial and financial advisor in their circle of confidants. Managing huge assets is a very troublesome thing. Professionals are needed.
Arnold Lagardère nodded and sat weakly in the soft and comfortable lounge chair. He was too old and a little mentally exhausted at this time and asked: "Carol, what is your guess?"
Carol Banks said: "Boss, according to my estimation, they should be secretly building positions, allocating funds, and then launching attacks in conjunction with bad news. This is not a secret.
Now it is impossible to find out which bank or securities company their funds go to. We don't know where they are lurking.
If it cannot be found out, their funds can be locked directly. This is the most direct way.
Next, the main thing is to see how much shock this bad news can cause to the market. If the market still trusts Mr. Arnault and supports the share price of LVMH Group, then these big short sellers are likely to be busted. "
The so-called market actually refers to the big players in the stock market. Various investment banks, big funds, the financial departments of big banks, etc.
And because of the complexity of funding sources, in European and American stock markets, many people's funds are "hidden" hidden underwater. This forms a super capital forest and hunting ground!
Of course, there are still some big players taking the lead. They will use their influence in the industry to influence their followers, publish various negative and bullish reports, and join forces with the three major rating agencies to make waves on this stage and reap profits.
It’s important to point out that the big players don’t always win. During the U.S. subprime mortgage crisis in 2008, only two of the five major Wall Street investment banks collapsed: Goldman Sachs and Morgan Stanley.
The main players in the Paris stock market currently include: Deutsche Bank, Credit Suisse, UBS, Barclays and other major investment banks.
Lagardère was thoughtful and said with a smile: "I'll call my friend and ask."
As a media tycoon, there is still a distance between Lao Gal and the financial circle. He is closer to politics.
However, after all, he is the leader of a consortium, and it is also the consortium that founded France as a loan shark. Of course, he also has financial companies under his command, and everyone in the finance industry recognizes it. Immediately call our friends at Société Générale.
...
...
Bernard-Arnault got up near noon and took care of some trivial matters after the meal. The time soon came to two o'clock in the afternoon.
The sunshine at noon in early June was quite bright. Thinking about the reply from his confidant Alden Gallup before lunch, he called his friend Arnold Lagardère and asked, "Arnold, what's going on over there?"
"There is no change either." Arnold Lagardère was in a good mood, half-leaning on his mobile phone, "Bernard, I just made a round of calls. BNP Paribas, European Mutual Bank, and Société Générale are all confirmed There were no unusual accounts and inflows.”
"Arnault, the biggest problem is the lack of movement!" Bernard-Arnault did not hide his thoughts in front of his friends and said: "I'll call and ask too."
Obviously, as long as Jing Gao's mind is normal, he will definitely not dispatch funds through French banks. He planned to call other friends in Europe.
As the richest man in Europe and the emperor of the fashion circle, he has such connections.
Half an hour later, Arnold Lagardère called back, "Bernard, how is the situation?"
Bernard-Arnault said frankly: "It's strange. I called Deutsche Bank, Credit Suisse, UBS, and Barclays. They all said there was no corresponding capital inflow and plan. Deutsche Bank's Chester - Flynn asked me enthusiastically if there was anything going on?"
Arnold Lagardère couldn't help but laugh and said: "That guy is really a shrewd Jew. Bernard, this is indeed very strange! You used little Pinault to set up a trap, and there is no way Igao knows. Everything The news is all true. So why didn’t he take action today? Doesn’t he have a channel to release bad news? This is even more impossible.”
After hanging up the phone, Arnault was deep in thought in the office. His assistant Alden Gallup walked in quickly accompanied by the old butler. With an anxious look on his face, he reported: "Boss, Deutsche Bank is on their official website. A negative report was posted. At the same time, our stock price fell 10% in three minutes, triggering a trading halt."
Just when Bernard Arnault and Arnold Lagardère were talking on the phone and puzzled, Deutsche Bank released a negative report on its official website.
This report, which is more than 20 pages long and fully complies with Wall Street writing standards, exposes the scandal of lvmh Group's false accounting!
And this short selling report is the "command gun" to take action!
Not only Jinggao's funds, but also Deutsche Bank and some small and medium-sized players in the capital market who relied on them launched a fierce attack in an instant. The command gun and secret code for taking action were naturally agreed upon long ago.
"What just happened?" Bernard-Arnault, who had always faced outsiders with a calm and elegant attitude, was suddenly moved. He stood up from his seat in shock, put his hands on the edge of the table, and looked at Alden like an angry lion. -Gallup.
Alden Gallup was afraid of his boss's cannibalistic gaze, so he nodded quickly, "Yes."
"xxx..." Bernard-Arnault strode toward the "war room" and cursed in French. A series of swear words came out while he forcefully unbuttoned his collar.
Fucking Chester Flynn! When we just talked on the phone, I pretended to ask him for news. Privately, he had colluded with the Chinese for a long time and was preparing to short the LVMH Group.
There is no need to doubt this. Deutsche Bank suddenly released a short-selling report, and then the stock price of lvmh Group was turbulent. It would have been strange if Jing Gao had not colluded with Deutsche Bank.
No wonder he and Arnold couldn't find any information. It turned out that Deutsche Bank was helping them cover their funds.
Arnault strode into the "war room", where his financial elite were sweating profusely, waiting to resume trading.
The gameplay of the French stock market is: if individual stocks fluctuate by more than 10%, trading will be suspended for fifteen minutes.
This is a very valuable window.
Everyone here is a master trader, and no one doesn’t know what to do.
However, because of this, everyone knows in their hearts that any operation at this time is false. The most important thing is to have a large amount of money invested. Fighting back at the news level, lvmh Group is a "prey". How can its appeal in the Paris capital market be as good as that of Deutsche Bank?
A senior staff member walked over quickly with a newly printed manuscript, "Boss, this is the short-selling report posted on Deutsche Bank's official website. There are already multiple Twitter and Facebook accounts retweeting this report. Build momentum online.”
Arnault's face was livid, and he flipped through the English version of the report in his hand noncommittally. After reading only two lines, he threw the report on the conference table with a bang.
"The poor little Pinot." Arnault roared in a low voice! At the same time, breathing heavily
Although there was a tacit understanding in advance about the information that Pinault handed over to Jinggao, and he had corresponding psychological preparations, he did not expect that what Pinault gave was negative information about "lvmh Group making false accounts".
This bastard!
Just as much of a bastard as his father!
The extent of the bad news completely exceeded his expectations.
At the same time that Arnault threw the short-selling report on the conference table, the Paris Exchange resumed trading.
A projector was used in the conference room to project the stock price of lvmh Group on the big screen.
The big screen clearly showed that after the stock price of lvmh Group resumed trading, its stock price curve was turning around and falling like a waterfall.
"Alden, I need an infusion of funds, my margin is low."
"I'm liquidated. fxxx..."
"Funding, funding!"
Although the big boss Z is here to coerce and take control, the financial elites who are fully committed to the battlefield are constantly calling for support.
The situation is really critical.
"Funds are being mobilized. Bob, you are short selling, maintain your position..." Alden Gallup quickly commanded, staring at the stock price on the big screen, feeling a chill on his back. Because the downward curve did not stop at all. He murmured to himself: "It has stopped!"
In less than half an hour, lvmh Group's share price plummeted 18.75%, which drove the Paris Stock Exchange's market to plunge rapidly in late trading.
He vowed to his boss early this morning that as long as he mobilizes 800 million to 1 billion euros, plus 50 times leverage to amplify it, this will be enough to resist the negative risks, ensure that the stock price fluctuates within 10%, and block the sneak attack of the short side. .
The boss raised 1.2 billion euros for him. This is quite a powerful ability. There is also the 300 million euros in loan sharks that have just been urgently mobilized through bank calls. result...
"Boss, we still need more funds." Alden Gallup reported bravely. The limit fell in such a short period of time, which means that there is a large amount of short-side funds involved.
Arnault didn't answer. His heart ached. The 140-billion-euro LVMH Group, which he had worked so hard to build, shrank by 26.25 billion euros in just half an hour. It takes a big heart to withstand this.
Arnault has been in the business world for many years and does not lack such determination. However, he stayed up late yesterday and did not get a good rest. In addition, he is now 70 years old. He only felt that his heartbeat was getting slower and slower, and his eyes suddenly turned dark.
"Boss, boss, are you okay?" Alden Gallup was right next to Arnault. He supported his boss, searched his pocket for heart disease medicines, and shouted, "Old John. "
There was chaos in the trading room.
Some people stood up, some knocked over the coffee cups in their hands and were still confused, and some went out to call the boss's old butler, Old John. Someone was shouting, "Get some water."
At this moment, the Paris Stock Exchange closed! The time is 5:30 pm.
The share price of lvmh Group is fixed at 226.08 euros. Limit down!
