Chapter 44 Big Move
“Do we still have 6 million pounds in our account?”
“Because whether it is stocks or futures, we all carry out leverage operations in the form of margin, so Although our current total positions have reached 27 million pounds, the margin used is not much. If funds are used, at least there will be You can use more than 20 million pounds..."
Afraid that Barron was unclear, Daisy explained to him patiently:
"But I don't recommend this, because if too much money is withdrawn, If we face an emergency that requires a margin call, our positions will be very dangerous and may be liquidated. ”
Of course, Barron knew all of this. He thought for a moment and said to Daisy:
"It shouldn't take so much. I'm going to make a short sale on U.S. stocks in the near future. I hope to be able to sell it at Barclays." The bank obtained 10 times the leverage for this short-selling plan. "
"For stocks, they generally can only grant a maximum of 5 times the leverage, but it is not impossible. After all, our cooperation with them is better. Ordinary users are larger, BOSS, how much money are you going to use for this short sale?”
“Five million pounds is enough”
“That’s not a big problem...”
"Then go talk to them."
Because DS Capital's current investments in the securities market will take at least half a year to a year if you want to see results.
Unconsciously, Barron realized that the projects that needed to be carried out now required a lot of funds - the family trust fund could not come up with much money, which forced him to continue to work on Thinking about any opportunities to make short-term profits recently...
After recalling the news about the securities market during this period in his previous life, he really thought of one thing. A stock was about to start plummeting recently. It’s a good opportunity to make short profits.
So Barron was going to use this news to make some "extra money" in the past few days. According to his calculations, combined with the market value of the stock at this time, if ten times leverage was used, then 500 pounds The funds are relatively appropriate and will not have much impact on the stock trend.
…
“This is what was available at short notice about The Independent and the newspaper’s current owner, Independent News Media (INM)…”
Not allowed Not to mention that Yulia can indeed be called a "workaholic", Barron even sometimes suspected that she only had work in her life. After notifying her the day before yesterday to help check the matter of "The Independent", she came here early this morning. When he arrived at Barron's apartment, he handed him the thick piece of information in his hand.
"Have you had breakfast? Ms. Moore, you can have some together. The bread I just baked here tastes good."
"Thank you, Your Highness, I have already eaten it. It’s up to you.”
While Barron was looking at the information in his hand and having breakfast, Ramos came in and said to Barron:
"Your Excellency, there is a lady named Laura who asked you to meet. . ”
Looking at the time on his watch, it was just seven o’clock. His new personal assistant was still very motivated to work.
"Let her come here, Ramos, she will be my personal assistant from now on."
"Okay, Your Majesty the Duke."
After Ramos left, Barron faced Yulia with a somewhat puzzled expression and nodded.
"Ms. Moore, you should have heard just now, this Laura. Wong is my newly hired personal assistant. You may need to contact me frequently in the future."
As Barron If so, Yulia’s eyes were falling on Wang Wanting. Judging, she was wearing a gray professional suit today without any special modifications. This made her a good impression, and the other party's gentle temperament also made Yulia relieved. She was really afraid that Barron would find him. If you bring any "sexy* thing" with you, you will become a laughing stock in the aristocratic circle.
At the same time, Wang Wanting also nodded friendly to Yulia. "Laura, this Ms. Julia Moore is the manager of our family trust fund. You can communicate with her on matters related to the family industry."
After helping the two to introduce each other and let them know each other, Barron asked Wang Wanting:
"Laura, you haven't had breakfast yet, you can come over and eat together..."
" I've already eaten, Your Highness the Duke."
"Well, you can sit with Ms. Moore and talk about the family business and get familiar with it as soon as possible."
...
The Independent was founded in 1986 by three journalists from the former Daily Telegraph.
In the first week of its establishment, the circulation reached 500,000 copies, and stabilized at 330,000 copies a month later.
But by the late 1980s, the newspaper was experiencing difficulties due to disagreements among the founders and lack of funds.
Since 1994, the Mirror Group and the Irish Independent News & Media PLC have jointly controlled the Independent. After 1998, INM became the sole owner of the Independent.
It can be said that "The Independent" is currently the weakest of the four major national newspapers in Britain. Not only is its circulation declining, but also financially, the newspaper has been in a quagmire. struggle.
According to analysis, "The Independent" has suffered significant losses for several consecutive years. Last year, their losses exceeded 10 million pounds for the first time.
It has been reported before that INM intends to sell two newspapers with serious losses, "The Independent" and "The Sunday Independent", which will allow them to get rid of these two burdens and use their funds and energy in developing other businesses.
And it’s not like no one has contacted INM, but because they couldn’t agree on the price – mainly how to solve the huge debt currently borne by The Independent – everything ended in nothing.
"Your Highness the Duke, if you want to understand the information in the Independent, you don't want to..."
At this time, Barron had already devoured his breakfast and was not in the room. Being too restrained by aristocratic etiquette in front of the two ladies, he wiped his mouth and said to Yulia leisurely:
"I have such an idea, but I still have to talk to the other party before I can decide."
"But the financial situation of The Independent is very bad. The debt borne by the other party now may exceed 20 million pounds. , and this newspaper has used many methods, but it can't get rid of the continuous losses..."
"That's why we need to talk to the other party. Don't worry, Ms. Moore, I won't act blindly. "How is the investigation over at King's Cross?"
Barron's method of shifting the topic to King's Cross was still very effective, and Yulia immediately replied:
"We have indeed discussed the purchase of several plots of land. Although the plots of land are not large and do not exceed 1 hectare - they were originally scattered pieces of land such as hotels, clubs and rental apartments, but these are already the most There is a willingness to sell it, and it is not far from the land where our gas storage tank is located.”
“What about the price?”
“These are residential sites with complete procedures, so the price is relatively high. However, even if a premium is given, it is still at least lower than land in other more prosperous areas of London. One third!”
Barron is still very satisfied with this result:
“Very good, Ms. Moore, continue to follow up, I The hope is that I can buy all the possible land in that area, where I am going to make big moves. As for the funds, don’t worry about it, I will solve it.”
The data during the new book period is related to the subsequent recommendations. , so reading is very important. I beg you not to keep it all the time. If you feel it is okay, read it every day and help increase reading. Thank you very much.
(End of this chapter)