Chapter 303 (1/2)
When Zheng Jianguo bought the oil contract, he spent 318 million US dollars to build a position at the price of 27 US dollars and 39 cents, holding a total of 116210295 barrels of oil contract, so when Charlie asked him to calculate the account, he could directly multiply the rising amount by 110 million.
The latest oil contract is 33 US dollars and 81 cents per barrel. After deducting 27 US dollars and 39 cents bought, there is a difference of 6 US dollars and 42 cents. If you multiply this figure by 110 million, you will get a result of 762 million.
Of course, this is the way Charlie asked Zheng Jianguo to roughly calculate his wealth. The real number should be multiplied by 116210295, so the result is 746.07 million. With the investment of 318 million US dollars, the overall scale is almost 1.064 billion.
This is a huge fund that can be called anywhere in the world. However, considering the scale of the oil company Zheng Jianguo covets, this money is more than enough to absorb 5% of the shares of either Ashland or Philip.
However, Charlie knew that Zheng Jianguo would not put greater interests, but gave up borrowing money in order to be stable, not to mention that he even thought about the collateral: ”boss, when you borrow money, you can mortgage the shares you want to buy to the bank. Considering that most banks only give 70% of the market value of the collateral, So, boss, you take 1 billion worth of shares to mortgage 700 million, which is no problem.
However, there is a small hidden danger in this case. That is, people in the bank need to know your actions. However, I think when we acquire a scale of $1 billion, even if the oil company has not found it, these financial institutions should also analyze the trading volume of these two stocks -- ”
”Will Wall Street financial institutions follow up?”
Zheng Jianguo was excited. If he was still thinking of going to the bank to borrow money, he didn't know how to borrow anything. Instead, he forgot the stocks he bought. If he thought about it, he quickly distributed his thoughts: ”a $1 billion stock can be mortgaged and loaned $700 million, and a $700 million stock can be mortgaged and loaned $490 million, Then 490 million can borrow 343 million US dollars, so the second loan is 240 million, 168 million and 117 million?
Up to now, the total loan is 2.058 billion, which is almost 3 billion US dollars if you count your own 1 billion. With the support of such an order of magnitude, how can you restore the shares of the two oil companies to their original market value? However, for a loan of this scale, the interest alone is almost hundreds of millions of dollars -- ”
After thinking about this idea, Zheng Jianguo couldn't help looking at Charlie: ”Charlie, the loan interest of your bank is 19%?”
”Within six months, the short-term lending is 19%, and the long-term lending is about 24% -”
Charlie nodded and said that at the beginning of June 1980, the benchmark savings interest rate in the United States was as high as 17%, that is to say, if you find a bank to deposit money, you will only enjoy a discount higher than this figure: ”the oil contract has risen by almost one fifth this year, so central banks all over the world have raised the benchmark interest rate, The Federal Reserve raised the interest rate from 11% last year to 17% - ”
Zheng Jianguo suddenly realized that he didn't know how high prices affected the economy until he bought the oil contract. In addition, after making the decision to snipe the oil contract, he learned a lot of this knowledge and knew that controlling the scale of credit can curb the inflation caused by the rise of oil price - without money, you won't push up prices?
Seeing Zheng Jianguo silent, Charlie glanced at the nurses who came from time to time in the distance, and then said, ”boss, considering my relationship in the bank, if I borrow money at this exchange rate, I can get a commission of 0.005%. If you mind --”
”As required, I can't let my own people take advantage of it and suffer losses. However, if you can trust me, I think you can take the money out and follow the operation. You can't eat the meat, but you can still have a soup -”
Zheng Jianguo shook his head. The reason why he used Charlie was that after making his own money, he ran to deliver the car to himself at the first time, and the gift was more than one-third of the Commission, which showed that his EQ was at least more than 70: ”of course, if you can get money to eat meat, I don't mind --”
”Hehe, boss, that's what I think. I'm going to --”
Charlie never regarded Zheng Jianguo as a fool. At most, he had the idea of looking down upon him at that time. However, this idea also disappeared after the other party changed from a gold contract to an oil contract. He knew that his chance to become a multimillionaire would probably depend on Zheng Jianguo. Now he is sure to wait until: ”I'm going to borrow some money and eat some meat with you behind your ass, Then I'll close all the oil contracts when I go to work this afternoon? ”
”Close the position. After closing the position, absorb the shares of the two companies. It's better early than late.”
Zheng Jianguo nodded before saying Kung Fu. Alfonso appeared in the distance, looked at Charlie curiously, and said, ”Zheng, your game console has been developed now?”
”OK, I'll go first and contact you later -”
Charlie glanced at Alfonso and said. Zheng Jianguo nodded and watched the former leave. After turning around, he said, ”I gave them suggestions. Should it be the project now? The development of game consoles is not as fast as you think. If you try your best to catch up with the work now, it would be good to have an engineering console by the end of the year -- ”
”Well, I'll look forward to it.”
Alfonso nodded, looked around, vaguely winked at him and said, ”I'll come as soon as I go. If someone asks you, I'll go to the laboratory.”
”No problem ~”
After waving his hand, Zheng Jianguo watched the man leave with a smile. He also looked at the watch on his wrist. In order to wait for Charlie to have a rest in the dressing room, Alfonso was lazy now, so he couldn't run around?
So Zheng Jianguo thought about it and went to the telephone at the service desk. After picking it up, he found out Augustus's number and dialed it. He didn't want to be answered with a few phone rings. He saw director Nathan appear at the door of the emergency room and waved to him: ”Zheng, Alfonso, come and get down -”
”Click.”
The detective put the phone back. Zheng Jianguo quickly went to the door of the emergency room. Nathan had found an emergency bed and pushed it out. At this time, he just saw Pliny appear from the dressing room, grabbed his young man and said, ”Pliny, there's a patient here --”
Soon, as the patient pushed into the emergency room and Alfonso didn't come back, Zheng Jianguo was very busy. He didn't start until he went to the operating room with Pliny and Nathan. It was already 3:30 p.m.
In the TV hanging in front of the service desk, the male host was saying something: ”just behind me, large trees and forests were pushed down one after another, and a layer of volcanic ash was falling on the ground, which can reach to the ankle. We can still feel a steaming heat standing here. It's really too hot -”