As soon as Dong Qiangqiang and Lu Shan stepped into their home, they received an overseas call from Duanmu.
"It's out! Vivendi is out!" Duanmu's trembling voice echoed in the corridor. Dong Qiangqiang seemed to hear the landlord's boyfriend cursing from the room next to him, and hurriedly ran upstairs.
"Go and see!" Duanmu urged loudly and excitedly in Dong Qiangqiang's ear, "It's stopped!"
Dong Qiangqiang knew what Duanmu was referring to, and he was also very excited. His heart was beating so hard that the key could never be aligned with the keyhole.
The door finally opened.
"How much?" He rushed into the house and rushed towards the computer. Fortunately, he didn't turn it off before leaving.
Except for Asian stock markets, European and American stock markets have never had the habit of closing at noon. Before going out, Dong Qiangqiang specially glanced at Vivendi's official website, but there was no notice on the page. How come it was suddenly disclosed quietly? He thought there would be no results today.
The official website of Vivendi could not be displayed at this time. Dong Qiangqiang did not dare to delay and hurriedly entered the stock trading system. After all, the circuit of the trading system was better optimized. The page was displayed in less than half a minute.
A cliff-like vertical line stood there brightly, which was particularly dazzling.
"Same as before, first the circuit breaker is broken and then the limit is lowered. Just now it was 9.5." Duanmu gritted his teeth and cursed, "Why the hell is it back to 10 now?"
The PDF file of the second quarter report was easily found. Dong Qiangqiang lightly clicked on the file with the mouse, and a "Download Completed" prompt immediately popped up in the lower right corner of the screen.
He quickly read Vivendi's second quarter report, and the entire content could only be described as "tragic."
Although Vivendi's financial revenue in the second quarter increased from 13.9 billion euros in the same period last year to 15.3 billion euros, due to poor management and too many holes, the company's net loss in the first half of the year was as high as 12.3 billion euros. At the same time, the total debt of the entire Vivendi Group It has also climbed to a record high of 35 billion euros, and some of the debt has even exceeded the prescribed repayment period.
Although the company replaced a new CEO in July in order to regain investors' confidence and began to sell non-performing assets to raise funds to repay debts, the results achieved are not ideal, and several prominent creditors have lost their prestige. Dee set a final deadline for repayment.
The threat of bankruptcy hangs over Vivendi like the Sword of Damocles, and it knows exactly how dire its situation is. In order to alleviate its financial difficulties, it agreed to sell assets worth tens of billions of euros during the year in exchange for cash to repay debts. In its second quarter report, it proposed a clear self-rescue route: in addition to throwing away a few hot potatoes, it will also sell its subsidiaries All assets in the publishing industry, especially the American Houghton Mifflin Publishing Company, which was bought back in 2001 at a cost of US$2.2 billion, were also actively negotiating with a consortium of France's largest commercial banks to obtain a sum of US$3 billion. low-interest bridge loans in euros, and to implement the US$1 billion in financing promised by the new CEO after taking office as soon as possible. If the above actions still cannot effectively reduce the company's debt crisis this year, it will consider selling all of Universal Pictures' businesses in the future.
Less than half an hour after the second quarter report was released, interpretations appeared in the market. The views of most institutions are relatively similar: as the saying goes, water far away cannot quench thirst nearby. The tragedy of Vivendi's stall being too big, poorly managed, and lack of liquidity will not be qualitatively changed with just a few loans. In other words, there is still more to come. Where did this fall? The pie painted by Vivendi is not attractive either. Considering that the former CEO also took away a severance package when he resigned, investors have no reason to believe that its operations will improve within the year.
"Are you still listening?" Duanmu kept talking for a long time. He didn't hear Dong Qiangqiang's feedback and shouted dissatisfiedly.
"I think..." Dong Qiangqiang responded softly, "I found the reason why it didn't seal the lower limit."
"What?"
"The news said that in view of the endless fraud incidents in the U.S. stock market in the past year, and considering the importance of Vivendi to the French financial market, the French financial community is extremely concerned about the trends of Vivendi and has expressed its concerns about the violent fluctuations in its stock price and business data. Concerns. The French Securities and Exchange Commission stated that although the Securities and Exchange Commission does not audit the quarterly reports of listed companies, from the perspective of stabilizing the financial market, they hope that Vivendi will announce more details to dispel investors' concerns. Doubts. The most important thing is, listen up: a financial department of the French government has stated that it will not rule out a certain degree of supervision and necessary support for Vivendi in the future.”
"Necessary support?" Duanmu clicked his tongue for a few seconds and asked, "What do you think?"
"The market has already reacted to the government's statement, so the stock price has not hit the limit." Dong Qiangqiang further explained, "Investment institutions should believe that the government will not sit idly by and ignore Vivendi."
"Damn, you can't?" Duanmu was dumbfounded, "Don't they have a free market economy? How come they are also engaging in administrative intervention?"
"I guess it may be that Vivendi is too big and has many commercial bank loans behind it. Once Vivendi goes bankrupt, these loans will definitely be lost. The government must be worried about the huge negative social impact caused by bank bankruptcy before deciding to rescue it. "Yes." Dong Qiangqiang analyzed.
"Then they are spending money to support private enterprises like this. Can French taxpayers agree?" Duanmu said angrily, "Without this statement, I think it would have dropped to the limit tomorrow. Damn, it's really disgusting. The duck in hand has flown away. Hey... …”
"It's useless for you to say this now. What we have to decide now is whether we should sell Vivendi's put options?" Dong Qiangqiang glanced at the position income of Vivendi in the trading system, "We are 2 euros/ when the stock price is 30 euros. Options to buy stocks are now less than 10 euros, and the option income from one of them alone is almost 400,000, which is already a lot. If you include Munich Re, we have actually completed the battle with Blacksburg... No, The bet with Anderson.”
"You mean all the deals were sold today?" Duanmu asked through gritted teeth, "Now the market is all bearish on it. Don't you think it will continue to fall in the future? Just like Mu If it does that again, it makes people feel that it has fallen into a bottomless abyss and is far away.”
"Before, short-term panic was driving selling, but now that the French government has expressed its stance, it's hard to predict the market outlook. You can't expect it to continue to fall like this tomorrow." Dong Qiangqiang persuaded him kindly, "Stop-profit and stop-loss are equally important. After all, we are mortals and cannot sell at the highest point. That is unrealistic. Or we can sell half and keep half. If it falls again tomorrow, we can still make more. If it rebounds tomorrow, at least we have sold half, which is not a small amount. earn."
Duanmu remained silent, obviously hesitant about Dong Qiangqiang's suggestion.
Dong Qiangqiang noticed Duanmu's reluctance and wanted to add another sentence, "I'll leave it as soon as it's done." Then he heard a whistling sound coming from the phone. He couldn't help but put the phone away from his ears. After a while, he heard Duanmu say intermittently: "I If a call comes in, I'll call you back in a moment." After saying that, Dong Qiangqiang hurriedly hung up the phone without waiting for an answer.
But after an hour, Duanmu didn't call Dong Qiangqiang back.
Dong Qiangqiang called him several times, but the other party's mobile phone was always busy.
Dong Qiangqiang, who had not waited for Duanmu's call, was about to go to the kitchen to find something to eat, but unexpectedly received a call from Anderson.
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