"We still have 6 million pounds in our account, right?"
"Because whether it is stocks or futures, we use margin for leverage operations. So although our current total position has reached 27 million pounds, the margin used is not much. If we use funds, we can at least use more than 20 million pounds..."
Afraid that Barron didn't understand, Daisy patiently explained to him:
"But I don't recommend doing this, because if you withdraw too much money, if you face an emergency situation where you need to add margin, then your position will be very dangerous and there is a possibility of liquidation."
Barron was naturally aware of all this. He thought for a moment and said to Daisy,
"It shouldn't take that much. I plan to short sell U.S. stocks in the near future. I hope to get a 10x leverage from Barclays Bank for this short selling plan."
"For stocks, they can generally only give a maximum leverage of 5 times, but it is not impossible. After all, our cooperation with them is on a larger scale than that with ordinary users. Boss, how much money are you going to use for this short selling?"
"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 six months to a year to see results.
Barron didn't realize that the projects he needed to carry out now all required a lot of funds. The family trust fund couldn't provide much money, which forced him to constantly think about any opportunities for short-term profits...
After recalling the news about the securities market during this period in his previous life, he actually thought of one thing. There was a stock that was about to start plummeting soon, which was a good opportunity to short it and make a profit.
So Barron prepared to use this news to make some "extra money" in the next few days. According to his calculations, combined with the current market value of the stock, if a ten-fold leverage is used, then 500 pounds of funds is more appropriate and will not have much impact on the stock trend.
…
"This is what is available at this short notice about The Independent and its current owners, Independent Newspapers and Media (INM)..."
It has to be said that Yulia can indeed be called a "workaholic". Barron sometimes even suspects that work is the only thing in her life. After notifying her the day before yesterday to help check the matter of "The Independent", she came to Barron's apartment early this morning and handed him the thick information in her hand.
"Have you had breakfast? Ms. Moore, we can have some together. I have some freshly baked bread. It tastes delicious."
"Thank you, Your Highness. I have already eaten. Please help yourself."
While Barron was looking through the documents in his hand and eating breakfast, Ramos came in and said to Barron:
"Your Excellency, there is a lady named Laura who wants to meet you."
I looked at the time on my watch. It was just seven o'clock. My new personal assistant was still very motivated at work.
"Let her come, Ramos. She will be my personal assistant from now on."
"Yes, Your Excellency."
After Ramos left, Barron nodded to Yulia, who had a somewhat puzzled expression.
"Ms. Moore, you should have heard it just now. This Laura Wong is my newly hired personal assistant. You may need to contact her frequently in the future."
As Barron spoke, Yulia's eyes were fixed on Wang Wanting. She was wearing a grey professional suit today without any unusual decorations, which made a good impression on her. Her gentle temperament also made Yulia feel relieved. She was really afraid that Barron would find some "flashy girl" to keep around him, which would simply become a laughing stock in the aristocratic circle.
At the same time, Wang Wanting also nodded to Yulia in a friendly manner.
"Laura, this Ms. Julia Moore is the manager of our family trust fund. You can communicate with her about anything related to the family business."
After helping the two to introduce themselves to each other, Barron asked Wang Wanting:
"Laura, you haven't had breakfast yet, can you come over and have breakfast with us..."
"I have already eaten, Your Highness."
"Well, you can sit over there with Ms. Moore and talk about the family business so you can get familiar with it as soon as possible."
…
The Independent was founded in 1986 by three former Daily Telegraph journalists.
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 facing difficulties due to discord among its founders and lack of funds.
Since 1994, the Mirror Group and 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 worst of the four major national newspapers in the UK. Not only is its circulation declining, but financially, the newspaper has also been struggling in the quagmire.
According to analysis, The Independent has suffered huge losses for several consecutive years, and last year, their losses exceeded 10 million pounds for the first time.
It has been reported before that INM is interested in selling the two loss-making newspapers, The Independent and The Sunday Independent, so that they can get rid of these two burdens and use their funds and energy to develop other businesses.
It's not that no one has approached INM, but all the discussions ended in failure because they couldn't agree on price - and mainly because of how to resolve the huge debt currently incurred by The Independent.
"Your Highness, you want to know the information in The Independent. Don't you want to..."
At this time, Barron had already wolfed down his breakfast. He did not show too much restraint in front of the two ladies due to the aristocratic etiquette. He wiped his mouth and said to Yulia leisurely,
"I do have such an idea, but I still need to talk to the other party before I can decide."
"But the financial situation of The Independent is very bad. The debt it is currently carrying is probably more than 20 million pounds. Moreover, the newspaper has tried many methods but still cannot get rid of the continuous losses..."
"That's why we need to talk to them. Don't worry, Ms. Moore, I won't act blindly. By the way, how is the investigation in King's Cross going?"
Barron's method of shifting the topic to King's Cross was quite effective. Yulia immediately replied:
"We have indeed discussed the purchase of several plots of land, although those plots are not large, no more than 1 hectare - they were originally just scattered hotels, clubs and rental apartments. However, these are the most willing to sell and are not far from our gas tank plots."
"What about the price?"
"These are all residential plots with complete formalities, so the prices are relatively high. However, even with the premium, they are still at least one-third lower than plots in other more prosperous areas of London!"
Barron was very satisfied with the result:
"Very good, Ms. Moore, keep following up. I hope to be able to buy all the possible plots of land in that area. I am going to make a big move there. As for the funds, don't worry about that. I will take care of it."