. "Mr. Rothschild, we can only find out that the person who bought the shares of Summit Media is not from DS Capital, but from an overseas offshore company. You know, the information of such a company is not so easy to investigate..."
After hearing the report from his men, Benjamin Rothschild did not say anything immediately, but just tapped the table with his fingers in a certain rhythm.
Although he had expected this at the beginning, he was still not in a good mood when the result turned out to be like this.
The share price of Summit Media has remained stable at 20 pounds for two consecutive trading days, supported by the "invisible hand"...
This situation has also attracted the attention of many institutions.
You know, compared to now, they bought high and sold low when they bought these stocks of Summit Media...
If the goal cannot be achieved in the end, it will cause considerable losses to NM Rothschild Bank.
Even though Benjamin and his father controlled the operation and management of the investment bank, this kind of thing could still cause dissatisfaction among other shareholders...
Compared with Wall Street investment banks such as Goldman Sachs, Citigroup and JP Morgan, which have relatively dispersed shares and implement a manager system, the Rothschild Group is still family-managed.
But even so, the entire Rothschild family holds "only" 49% of the shares of LCF Rothschild Group. There are many other shareholders, which does not mean that they can do whatever they want.
This is different from the fact that DS Capital is 100% controlled by Barron. It can be said that the Rothschild family is too old-fashioned and conservative compared to Wall Street capital... But compared with the Rothschild family, the Duke of Devonshire is simply traditional and conservative!
Do you think that if he fails to achieve his goal, the only loss is the difference between buying high and selling low in Summit Media?
Of course, there is more to it than that. In addition to the time and connections spent on this, the original NM Rothschild Bank was also prepared to make a profit in the process by shorting the share price of Summit Media.
But the problem is that the premise of short selling is to borrow stocks in advance and sell them. Then, through this method and with the cooperation of news, other stock holders will lose confidence in the target stocks, thereby triggering a selling spree. In this way, the stocks can be secretly bought back and returned at a low price.
But now the share price of Summit Media has fallen from over 25 pounds to the current 20 pounds.
However, the stock was supported by large orders from funds that came out of nowhere. Under such circumstances, the "confidence" of other shareholders has been on hold, and as time goes by, as long as Benjamin cannot lower the price below the "threshold" of 20 pounds, then the "confidence" will continue to recover.
In this case, NM Rothschild Bank is not only unable to buy Summit Media shares at a low price, but it needs more shares to sell in order to suppress the stock price.
This is also the reason why Benjamin Rothschild was so concerned about how much money DS Capital had before.
Now he needs to decide whether to proceed and sell more shares or cut his losses.
The sound of knocking on the table continued, and his men were still waiting for Benjamin's next instructions.
Today is Friday, the last trading day of this week...
"How much stock do we have currently?"
Benjamin Rothschild asked when the tapping on the table stopped.
"There are about 7.5 million shares left, and if you short sell, you can borrow some more... It adds up to about 12 million shares, because there are only 25 million shares in circulation of Summit Media, so our short selling space is limited."
"Have you figured out how much stock the other party has bought?"
Benjamin's men knew that he was talking about the offshore company that kept Summit Media's share price at 20 pounds, and he immediately replied:
"It should be around 5 million shares. Currently, there are 2.5 million shares on the buy order at 20 pounds..."
"Then release 3 million shares to me immediately!"
Benjamin Rothschild had a stern look in his eyes and said:
"Let's see if they will reveal their whereabouts..."
"Boss, what you mean is...if they hold more than 5% of the shares, they need to raise their hands? But it is also possible that the other party has prepared more than just one offshore company."
According to the rules of the London Stock Exchange, when the shares purchased in the secondary market exceed 5% of a company's total share capital, it is necessary to raise a sign to explain its intentions and whether there is an intention to acquire the company...
According to the current total share capital of Dingfeng Media, which is 125 million shares, a 5% shareholding ratio corresponds to 6.25 million shares...
Therefore, if the other party takes over the next 2.5 million shares, its shareholding ratio will definitely exceed 5%, and it will need to raise a sign to explain its intention.
Of course, as Benjamin's men said, there are policies from above and countermeasures from below. In many acquisitions, the shares will initially be shared among different companies or institutions, so that each company's share will be less than 5%...
Therefore, if the other party prepares more than one company to purchase the shares of Dingfeng Media, then even if the total shareholding exceeds 6.25 million shares, the shareholding of a single company will still be less than 5%, which can avoid exposure of the stake.
"So we need to give it a try, and this can also help us see how much money they have."
"But DS Capital has not yet taken action personally..."
After saying this, seeing Benjamin Rothschild's expression turn cold, his men wisely shut their mouths.
…
Soon, on Friday afternoon, a sell order for 2.5 million shares immediately opened at a price of 20 pounds, but before the price continued to fall, another buy order for 3 million shares at 20 pounds appeared!
And just as Benjamin and his team expected, no company raised a sign to indicate that they held more than 5% of Summit Media shares. What this meant was self-evident.
Looking at the time on the watch, it was 2:30 in the afternoon, and there was still half an hour before closing.
"I want to see how much money they have prepared..."
Following his order, before the stock market closed, NM Rothschild Bank sold the remaining 5 million shares of Summit Media...
But the share price of Summit Media remained firmly at 20 pounds until the close of the day...
No company has raised a sign claiming to hold more than 5% of the shares!
This shows that the other party has prepared more offshore companies, not just two!
"Okay, I get it. Please."
After hanging up the phone, Benjamin Rothschild looked at the closing price of Summit Media on the monitor, picked up the phone again and dialed the number.
"Mr. Hall, the review of Standard Chartered Bank has not made any progress. You know, because of the current share price performance of Summit Media..."
"As long as we can get the price down next week..."
Hearing what Colin Hall said on the phone, Benjamin said lightly:
"But the FSA is also under great pressure from the government and other MPs... Their scrutiny of Standard Chartered Bank cannot continue forever... Moreover, I don't think DS Capital really has enough funds to deal with it. At least they should have other allies..."
"What do you mean . . . ?"
"It's time for you to do something, Mr. Hall. Frankly speaking, we can withdraw at any time, with only some losses at most. But you only have this chance. When His Royal Highness the Duke recovers, I'm afraid he won't let you go. Think about the 'London Star'..."