章 47: Chapter 47: Short Selling with Securities Lending
After listening to this, Barron also admitted that what Viscount Butt said this time was indeed sincere.
Moreover, setting up a joint venture real estate development company and joining it seems to be the most reasonable way.
"One more question, Lord Bute, how are the company's shares to be distributed?"
"After joint consultation, there will always be a result that everyone can accept, Your Highness, and we have enough time to do this. You must know that such a large plan, both in terms of geographical scope and time span, cannot be achieved overnight. Mutual trust will be the foundation for all this to be achieved."
Viscount Bute smiled and said:
"After all, we need more landowners to join us, and we also need to provide other options... But no matter what, Your Highness, your piece of land cannot be ignored."
"Okay, Your Excellency, I am willing to join your cooperation plan in principle, but I hope we can continue to be honest with each other."
…
Whether it is developing the family's traditional industries, acquiring The Independent, or even laying out in King's Cross, Barron now needs a lot of money to carry out.
Therefore, after this conversation with Viscount Bute, he went to the City of London, ready to concentrate on completing this short-term short selling.
"Boss, Barclays Bank has agreed to our short selling this time. We only need to use 10% of the margin, but they will monitor our account. Once we face a critical point, we need to increase the margin in time, otherwise our position will be forced to close."
"Okay, I got it. Notify your team and get ready to work."
The Nasdaq market in the United States opens at 9:30 a.m. New York time.
London time is five hours ahead of New York time, so 2:30 p.m. in London is 9:30 a.m. in New York time, which is when the Nasdaq stock market begins trading.
"Daisy, notify Barclays Bank, we need to borrow £50 million worth of AirGate shares!"
Yes, this time Barron is going to short AirGate, a subsidiary of Sprint, the third largest operator in the United States. Its current market value is around US$2 billion and its stock price is close to US$40.
The reason for choosing to short the company's stock is that when Baron was looking for short-term opportunities, he finally remembered this company, which was one of the stocks with the largest decline in the U.S. stock market this year.
And the AirGate stock price started to fall recently!
"Boss, Barclays Bank has approved our application to borrow AirGate stock and is already lending it to us."
Barron looked at the time. Today was July 4th. Fortunately, although time was tight, there was still time.
As one of the largest banks in the UK, Barclays Bank has close cooperation with the Nasdaq stock market, so their securities lending actions are very fast.
In just less than an hour, DS Capital received a notification from the other party that the short selling was completed. At this time, they had borrowed the corresponding number of AirGate shares and were ready to sell.
"Start selling these stocks, pay attention to the rhythm, and minimize the impact on the stock price, but I need to sell all of these AirGate stocks in my hands within two days!"
"Okay, Boss."
Although Daisy didn't say much, her expression was not relaxed.
Today is Thursday, and Barron only has two days left for her: Thursday and Friday...
You have to know that the market value of AirGate at this time is about 2 billion US dollars. It is impossible not to affect the price of stocks worth about 75 million US dollars in two days. At this time, the exchange rate of pound sterling to US dollar is 1:1.5. 5 million pounds and 10% margin can leverage assets as high as 75 million US dollars!
But there was no way. Barron's decision to short this time was somewhat temporary, and the time window given to him was very short.
However, he also regarded this operation as an assessment of Daisy's team. After all, he will have more and larger-scale securities investments after this, which will require a technically strong trading team.
…
"Bonnie, you look so beautiful today. This is a gift for you."
Seeing the jewelry box that Barron took out, Bonnie was surprised:
"Can I see it?"
"certainly."
"Wow, it's beautiful... Thank you, Barron."
Opening the jewelry box, Bonnie saw a silver-white earring inlaid with diamonds. She said to Barron happily, her eyes full of joy.
Actually, since coming to this time and space, Barron has only had close contact with Aurora, but it seemed that she was really angry last time. After leaving Barron's apartment, she claimed that she was leaving London and going home to live for a while, and she even stopped replying to Barron's text messages and calls.
Since he didn't have this PY (friend) for the time being, Barron remembered to make an appointment with Bonnie when he had some free time - it's not that he had ignored this beauty before, but not only Barron was busy with work, Bonnie was the same.
She has been very busy with her work at the TV station recently - in order to have a vacation later, Bonnie has concentrated a lot of work during this period of time.
And in addition to work, she also has to continue writing. Even her cousin, Viscountess Chris, has complained to Barron that he often calls Bonnie and hangs up after just a few words.
"You seem a little thin, Bonnie. You should get more rest."
"I will. I'm a little sorry for making you wait until now, Barron, before I get off work."
"I just got off work not long ago, so our timing is just right."
Barron did not lie to her on this point. The Nasdaq trading ended and it was already nine o'clock in the evening in London. Barron had just finished today's selling transaction and came to pick up Bonnie.
In general, DS Capital's results in selling AirGate stock today were pretty good. About 1.83 million shares were sold today, and more than 1 million shares were sold. AirGate's stock price has only fallen from the initial $41 to around $38. Currently, the buying demand for this stock is still relatively strong.
Also in the second quarter financial report, when most telecom stocks performed below expectations, AirGate stated that its users were steadily increasing, making the company one of the few telecom stocks that did not fall at the time.
But by this Saturday, the announcement that will shock investors will come out...
"Dear Bonnie, I found a French restaurant in Mayfair. It's delicious. I can go there and try it today. I've already reserved a table."
"That's great. I have to say, I've had enough of the food at the TV station these days."
When the Rolls-Royce took the two of them to Mayfair and they arrived at the restaurant that Barron mentioned, Bonnie discovered that Barron had not only reserved a seat, but had booked the entire restaurant, providing dining services only for the two of them.
"This is such a surprise, Barron, I feel like I'm dreaming."
Seeing the dining table decorated with flowers, Bonnie watched the waiter pour the red wine into the decanter. She felt intoxicated before she even started drinking.
"I'm glad you like it, Bonnie. You've been busy with work and writing during this period. It's really hard work. And the quality of those novels is so high that they are loved by all readers."
"I also enjoy it. It's been a long time since I've experienced the feeling of creating the lives of so many characters. Sometimes I feel that my writing seems to be observing the lives of those characters, or even having a conversation with them. This feeling is great."
The two of them started their dinner by talking about the novel "Downton Abbey" that Bonnie was writing. Barron also learned about Bonnie's writing progress at the moment. She had already written most of the first part of "Downton Abbey". She estimated that the remaining part would be completed after she went to Chatsworth House again in the next few days...
"I will have a few days off starting this weekend. I have been missing my previous life at Chatsworth House. In addition, I have some questions for the rest of the novel that I need to ask Mr. Sean and Ms. Riley. My novel starts at Chatsworth House, and I especially hope to finish writing the first part in this house."
"This is perfect, isn't it? It's the weekend, and my work will be over. I can stay at the manor with you for a few days."
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