booktalesy Chapter 218: Know When to Stop
Chapter 218: Know When to Stop
On Monday, March 2, the first lottery for stock subscription certificates was broadcast live on television to all Shanghai residents.
The five people in dormitory 222 stared at the TV, not daring to blink, quietly waiting for the final results to be announced.
After the winning numbers were announced, everyone mentally estimated their chances of winning, how many subscription certificates they would have, and how many original shares they could buy, by referring to the prospectus broadcast on TV.
Wu Duo, Zhang Gaolei, and Chen Zhe even took out their subscription certificates for comparison.
Shanghai Light Machinery plans to issue one million shares, with a par value of ten yuan per share and an issue price of twenty-four yuan per share. Currently, there are a total of 2.09 million subscription certificates on the market, which means that the actual winning rate for each subscription certificate is approximately 47%.
Shanghai United Textile plans to issue 900,000 shares with a par value of 10 yuan per share and an issue price of 43 yuan per share. The winning rate for each subscription certificate is 43%.
Other companies include Hujiafeng, Yigangguan, and Erfangji.
The sales methods for the winning stocks this time are varied. The five stocks are underwritten by three securities firms. Some are allocated and sold according to the number of shares to be issued by the listed company, while others are simpler. As long as you win the subscription certificate, each certificate can be used to purchase thirty shares. Moreover, the issue price is also different. If you are not good at arithmetic, you can get confused.
Five listed companies participated in the lottery for the first time. Considering that there were four lottery opportunities in a year, this means that the rumors that sixty companies would be listed were not unfounded. Undercurrents surged, and the value of subscription certificates rose instead of falling.
After the lottery ended, Huang Xiaochuan realized that he had made assumptions. Because he had not personally experienced this event in his previous life, the information he had obtained was incomplete, which led to a cognitive error. It turned out that the so-called 10% winning rate was the official data released later, but that was not actually the case. Moreover, the original shares could not be purchased with just one winning subscription certificate for one hundred or two hundred shares.
按照现在的情况来看，黄小川跟丁一两人的一万张认购证，理论上可以买到沪轻机4700股、沪联纺4300股、沪嘉丰4300股、异钢管4000股、二纺机30000股，将可以买到的这五家上市企业的股票累计加起来大概总计47300股。
Wu Duo and his group each had only four hundred subscription certificates. By comparing their winning lottery numbers, they quickly calculated how many original shares each of them could purchase.
Because it's a lottery, and each person has a different subscription certificate number, there will be some discrepancies in the number of people who win.
Chen Zhe was the luckiest; his 400 subscription certificates allowed him to purchase a total of 2120 original shares, which is equivalent to a 56% success rate.
Zhang Gaolei came in second; his 400 subscription certificates had an actual winning rate of 49%, and he was able to purchase a total of 1890 original shares.
Wu Duo was a little unlucky, but he was still able to buy 1850 original shares, and his success rate was 47%, which was far higher than the average.
The lottery results are out. Starting tomorrow, you can use your lottery subscription certificate to go to the business departments of three securities companies to complete the procedures for purchasing new shares. The sales dates of the five stocks are not the same, which means you will have to go to the securities companies several times.
The five of them discussed it and checked their class schedules for the week. Since they had no classes on Wednesday afternoon, they decided to go to Shenyin Securities to buy new shares together on Wednesday afternoon.
Ding Yi reminded everyone: "Be careful then, keep your money and subscription certificates safe, there will definitely be pickpockets in the crowd."
Wu Duo added, "The five of us must stay together and look out for each other; it'll be safer that way."
Huang Xiaochuan already had a contingency plan for the situation Ding Yi described. He had already sent Yang Junmin to Suzhou to recall Zhou Wei and He Wenfeng. The day after tomorrow, the five of them will accompany Huang Xiaochuan and his group to the stock exchange to purchase the original shares they won in the lottery.
Huang Xiaochuan then gave a special reminder to the other four people.
"Once the new shares are listed, we need to prepare to become famous throughout the school."
Wu Duo and the others understood what Huang Xiaochuan meant.
Yes! Buying new shares requires providing ID cards, so these people's identities won't be hidden for long. Once the new shares are listed, their net worth will skyrocket, naturally attracting some attention. A quick check will reveal that they are all students from the University of Finance and Economics, and that news will definitely reach the school. At that point, nothing will be able to be hidden anymore, and they probably won't be able to live in dormitory 222 anymore.
Zhang Gaolei said nonchalantly, "So what if they know! It was earned honestly, what's there to be afraid of! At worst, we can just rent a place to live."
Zhang Gaolei is no longer the naive young man he was when he first came to Shanghai. He has made a fortune by speculating on stamps and stocks. Now, almost everyone in Shanghai knows that as long as you can buy original shares, you can get rich. Zhang Gaolei can buy original shares with the 196 subscription certificates he won, and there will be three more chances to participate in the lottery. It is said that there will be even more shares to be drawn later.
So Zhang Gaolei became bolder, but some of his subconscious ideas had not completely changed. He only thought about renting a house and not about buying one.
Upon hearing that Zhang Gaolei wanted to rent a place, Ding Yi couldn't help but mock him: "Are you out of your mind? Old Zhang, can you help me out? You've earned so much money, why are you renting instead of buying a house? I really don't understand what you're thinking!"
Zhang Gaolei scratched his head: "Buy a house? Does that mean we won't be able to live together anymore?"
Huang Xiaochuan put his arm around Zhang Gaolei's shoulder: "How about this, Lao Zhang, you buy a bigger house, and we'll all move in with you!"
Everyone laughed, knowing that Huang Xiaochuan was joking.
But Zhang Gaolei didn't take it as a joke. He laughed and said, "Okay! Then I'll buy a big house, and the rest of us can live together."
Huang Xiaochuan patted him on the shoulder: "We need to buy a house, but we don't necessarily need to move yet. After all, it will be several months before the school finds out about this, and by then it will probably be summer vacation."
The timing of their exposure depends on when they sell their shares. Before the shares are liquidated, the stock price is just a string of numbers in the stock market. As for the approximate time of liquidation, only Huang Xiaochuan knows that it will be in late May.
When that time comes, the group will sell the old stocks that have skyrocketed in value, and their net worth will also increase dramatically. In addition, the new stocks they won in the first lottery will also need to be sold around this time, because the second lottery will start on June 3rd. This lottery will be much more exciting than the first one. It is precisely because of the second lottery that the subscription certificate has been pushed to an astonishing price of 5,000 yuan per certificate.
After dinner that evening, the group went for a walk on the playground and chatted about their future plans.
Not long ago, Huang Xiaochuan learned from a phone call from Min Huifen that he had made a profit of nearly 15 million US dollars by shorting gold futures, and the money was now in his private bank account.
If converted according to the latest exchange rate, Huang Xiaochuan's current net worth is close to a small fortune. Therefore, Huang Xiaochuan does not intend to seize too much wealth in this wealth feast. He just wants to take what he can get.
But now he's in a bind; he has 10,100 subscription certificates in his hands!
Moreover, Huang Xiaochuan knew better than anyone else that even if he bought the new shares directly and sold them after they were listed, these 10,100 subscription certificates would still bring him a profit of almost a small goal, because a total of 46 stocks would be issued this year!