v3 Chapter 855: Short attack (2/2)
”He really said that? Has mobilized tens of billions of dollars of funds? And he is sure to raise another 10 billion dollars of funds within a week?”
”Elena, do you think what Xia Yu said is true?”
After listening, Carter Howard asked his daughter in shock.
When did Xia Yu have this ability?
Even with the accumulation of his Howard family for hundreds of years, it is impossible to do this. Xia Yu actually said that he can do it. Duke Carter Howard has a dreamy feeling, which is incredible.
But Elena was convinced by Xia Yu’s words, looked at her father’s eyes calmly, nodded and said, “Dad, I don’t think Xia Yu can tell lies, and he is indeed doing this. Before home, I went to the company and conveyed Xia Yu's order to Manager George. Maybe tomorrow, the staff of Bright Fund will go to major mining companies in Europe.”
”Dad, I don’t know what the situation of Xia Yu’s company outside of the UK is, but it is the Bright Fund that I work for. I think the entire UK has underestimated its strength, but I can’t tell you what the situation is. I am now an employee of the company and I have to keep the company secret.”
Duke Carter Howard laughed dumbly, but he supported his daughter's attitude of keeping the company secret, and praised: ”You are doing the right thing. You don't need to tell me the true situation of the Bright Fund.”
After speaking, he said with interest: ”I have also paid attention to the futures market. The Bank of Barings is now very embarrassed. It is in stark contrast to the fierce offensive at the beginning. I guess Barrett Bahrain is going to talk now. I lost my beard.”
Barit Bahrain is now the patriarch of the Bahrain family.
”Dad, haven't you said your decision yet? Should our family cooperate with Xia Yu? Or let Lloyds Bank cooperate? Or give up?”
Elena asked again that her father's attitude was very important, and it was related to whether the strategy of the Bright Fund was adjusted.
In her heart, Elena hoped her father would agree, after all, it was beneficial to Xia Yu and the family.
Duke Carter Howard narrowed his smile and said slowly, ”Elena, you have some strawberries first, and let Dad think about it.”
After thinking for a long time, Duke Carter Howard finally made up his mind to cooperate with Xia Yu in the name of the Howard family.
Not only will it be long copper futures and aluminum futures, but also short Bank of Barings, and look for opportunities to acquire Bank of Barings.
Although the Bahrain family is also a British aristocratic family, and it is not a weak aristocrat, it is not an ally of the Howard family. Both families have existed for more than two hundred years. Over time, there will always be friction.
There is also a lot of competition between the Bank of Bahrain and Lloyds Bank.
The aristocratic alliance behind Lloyds Bank is also a royalist, but the Bahrain family relied on the relationship established with King George V and monopolized the cooperation with the royal family, which frustrated the development of Lloyds Bank. The Howard family was the leader of Lloyd Bank. One of the shareholders was naturally also affected.
Now the Bank of Bahrain is doing its own thing. Even if the Howard family comes forward to sell short and buy, it is in line with normal business rules, and other families will not blame it.
Of course, Duke Carter Howard finally made up his mind, or he also coveted the Bank of Bahrain.
Although the Howard family is the major shareholder of Lloyds Bank, it is only one of the shareholders. If he wants to spend money, he also has a lot of constraints and has to follow the rules.
It is undoubtedly great if the Howard family can have a bank with a deeper influence.
”Elena, dad agreed to this cooperation.”
”Dad, you made the right decision.”
”I hope so, haha...”
...
Early the next morning, Elena set off to return to London, and Duke Carter Howard also took action.
Now that he has decided to cooperate, he will do his best. He will not only short the Bank of Bahrain, but also long copper and aluminum futures, and acquire the spot of mining companies to be a strong ally.
When Xia Yu received the Annunciation call from Elena, he was in a good mood.
In the U.K., there are themselves, Sumitomo Corporation, and the Howard family. It is difficult for the Bank of Bahrain to come back, even if other families intervene, it will not help.
But just when Xia Yu felt relieved, one of his ally Sumitomo Corporation was in trouble.
Sumitomo Corporation London branch, metal trading department, nickel trading team office.
”Manager, UU reading is not good, there is a big short position, 10,000 hand empty orders! The position is 7,500 US dollars a ton!”
Suddenly, a trader exclaimed.
On the London Metal Exchange, one lot of nickel futures is six tons.
The 10,000-handed empty order that suddenly appeared was 60,000 tons.
And more importantly, the price of nickel futures is US$8,925 per ton, but the short position has opened a position at US$7,500 a ton. The gap is too amazing. You can see the determination of the short.
Sumitomo Trading Co., Ltd. is a long position in London's LME nickel futures. If the price is really suppressed to US$7,500 per meal, with the margin provided by Sumitomo Trading Co., it will definitely be blown up and lose heavily!
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