Chapter 294: When will the 10 times return be broken?
Chapter 294 When will the 10 times profit be achieved?
Author: Ru Meng Ru Hua
Chapter 294 When will the 10 times profit be achieved?
On Dongfang Fortune's dragon and tiger list after the market opened, Gu Junhao unexpectedly saw Fushan Road in the buy three position. Fushan Road bought 69.8644 million yuan, while Junshi No. 2's seat appeared in the sell two position.
Real No. 1 sold less and failed to make the list.
The first selling position is Liyang Road. Today, Liyang Road sold 72.7482 million yuan and ranked as the first selling position. However, its buying of more than 18 million yuan resulted in actual net sales of more than 54 million yuan.
The moment he saw Ah Fu's seat, Gu Junhao smiled. This old boy was really unlucky to meet him again.
Entering the net value income in the second week of January, the performance of the two Junshi funds was different. Junshi No. 1 exceeded 369 million yuan, close to the total scale of 370 million yuan, and the net value value soared to 9.2274.
The overall size of Junshi No. 2 remains at around 1.01 billion yuan, with a net worth of 2.0215. There has been no significant change in performance for two consecutive weeks, making the market confused.
Since the overall scale of Junshi No. 2 exceeded 1 billion yuan on December 31 last year, two weeks have passed and its scale has only increased by 4 million yuan. Compared with the soaring net worth trend at the end of last year, Junshi No. 2 seems to have
It has entered a bottleneck period.
Junshi No. 2, which had average performance for two consecutive weeks, has also been ranked third for two consecutive weeks. The second place was once again occupied by Henghua No. 1 Fund. Wang Chao felt a little relieved; however, Junshi No. 2 is still firmly occupied.
The third position is far behind the fourth place.
The overall size of Junshi No. 1 at the end of last year was only 205 million yuan. In the past half month, the net worth of Junshi No. 1 has increased by as much as 160 million yuan. Such excellent performance has also made the public wonder when Junshi No. 1 will be launched.
The total scale exceeded 400 million yuan, and the net worth figure reached 10, indicating great expectations.
Junshi No. 1 raised funds in June last year and was officially launched on June 9. So far, it has only been seven months. In seven months, a fund has only had more than a hundred trading days.
The net worth can exceed 9, which is extremely rare even in a bull market.
Although its final overall size was only 40 million yuan, which was more flexible than some large funds, such performance was something that not even some private equity fund bosses could achieve.
It is normal for such performance to arouse large-scale attention, so this weekend, Junshi No. 1 once again made a hot search with a strange entry "When will the net worth exceed 10!".
For the investors of Junshi No. 1, when they first invested in Gu Junhao, they just had the mentality of giving it a try. They never thought that their funds would nearly double in less than a year. This feeling is indescribable.
surface.
Junshi Capital's public relations department did not contribute to this hot search at all. It was all the spontaneous behavior of investors and citizens, and Gu Junhao was even more troubled by this entry.
"It's too hot. You have to think of a good reason for the subsequent shipments, otherwise some people may blame you for the stock market crash." Such things as scapegoats have been around since ancient times. Fortunately, there is currently someone more famous than myself.
A bigger scapegoat.
"So, my 50,000 will become 500,000?" Liu Ruihuan asked Gu Junhao in confusion after seeing the entry of Junshi No. 1 on the hot search board. Today, Liu Ruihuan was invited by Zhang Yiru.
Visit two people's homes.
"No, it hasn't reached 10 times yet. Even if it reaches 10 times, your 50,000 yuan is not 500,000 yuan. In addition to the 50% share, you still have to pay certain management fees."
Gu Junhao smiled and replied that if he wanted to turn 50,000 into 500,000, the net value of the fund must be at least above 20, but that is obviously impossible. This is also the reason why Gu Junhao originally designed the 50% share of the fund after it exceeds 2.
Gu Junhao's answer made Liu Ruihuan heartbroken. He thought he had made the biggest profit, but in the end it was Gu Junhao who made the biggest profit. Liu Ruihuan's reaction was the mentality of most investors in Junshi No. 1 at this time. It has nothing to do with morality.
At the same time, Liu Ruihuan also looked at Gu Junhao with some doubts and said: "Have you designed the 50% share before, and think the net worth can definitely reach more than 2?"
Gu Junhao shrugged and said: "How can I have such ability? If I want to know that the net value of the fund can rise to more than 9, I will definitely add a few sharing clauses later, such as 60% if the net value reaches more than 5."
Although there are still doubts about Gu Junhao's words, Liu Ruihuan can't fault it. As Gu Junhao said, if it is certain that the fund's income will reach a certain level, why not add several profit sharing clauses.
"Haha, my parents asked me today how much money they can get." Zhang Yiru also said with a smile at this moment. The explosive performance of Junshi No. 1 made it difficult for Zhang Mingde and his wife to calm down.
When Junshi No. 1 was launched to raise funds, in order to prevent unexpected issuance failure, Gu Junhao also invested 1 million yuan in the name of Zhang Yiru after gathering enough investors. However, due to limited funds at the time, the remaining part was
Zhang Yiru, Zhang Mingde and his wife, and Liu Ruihuan put it together.
Later, when operations gradually stabilized and funds became abundant, Gu Junhao also officially transferred his share to Zhang Yiru's name. As Liu Ruihuan thought, Zhang Mingde and his wife did not expect that they had invested so much to help Gu Junhao.
Part of the funds will have such a profit, which is really a windfall.
"Haha, Teacher Zhang is not calm anymore, but it's still too early to be anxious. I'm not sure whether I can make much profit now. I'll see then."
Gu Junhao also has his own plan for when Junshi No. 1 will be liquidated. He cannot get too close to the stock market crash. That would be a bit too deliberate. He would rather lose some profits to liquidate the company invisibly; of course, it cannot be too early, that way
If so, the loss would be too great.
Over the weekend, in addition to Junshi No. 1’s performance attracting attention, the most widely discussed issue among investors was the fact that the China Securities Regulatory Commission’s on-site inspection of the financing business of 45 securities companies has finally concluded, and the final conclusion has been released.
Among them, three companies, Zhongxin Securities, Hitong Securities and Guotai Junan, had irregularities. They were involved in the extension of expired margin financing and securities lending dealer contracts, which had not been corrected after being dealt with, and involved a huge number of customers.
The China Securities Regulatory Commission decided to take administrative supervision measures against these three companies by suspending the opening of new customer credit accounts for margin financing and securities lending companies for three months. At the same time, Zhaoshang Securities and GF Securities were ordered to make rectifications within a time limit.
In addition, five securities firms were issued warning administrative supervision measures, including the securities firm where Gu Junhao opened an account, but it had little impact on Gu Junhao. Gu Junhao's previous two financing businesses had always been conducted in accordance with the rules.
Nowadays, there are actually many securities firms that offer margin financing and securities lending business to customers with securities assets of less than 500,000 yuan. With this heavy regulatory penalty, this phenomenon will rarely occur in the future.
The current chaos in the market may not be felt by new investors, but it is close to numbness for old investors. However, this phenomenon cannot be eliminated even under strict supervision in later generations.
The financial market, where huge profits exist, can never put an end to this phenomenon.
To talk about the starting point of this round of financing, it should be calculated from July 22 last year. At that time, the balance of A-share financing and financing soared from 428.8 billion yuan, exceeding 500 billion yuan in just one month, and continued until November.
The balance of financing and financing is growing at a rate of 100 billion yuan per month.
Since December last year, the balance of financing and financing has grown at the rate of the four cooperation departments, exceeding 900 billion yuan in just one week, and on December 19, it historically exceeded the trillion mark.
So far, the financing balance of the Shanghai and Shenzhen stock markets has reached more than 1.11 trillion yuan, and the three securities firms that were severely fined and suspended their financing business for three months account for a total of 16.6% of the financing balance, which has become a certain influence on the market.
pressure.
Fortunately, however, we are currently suspending only the new account opening business of these three securities firms, rather than suspending all margin financing and securities lending businesses. In this regard, the pressure is relatively less.
However, this is still considered a big negative for the current market, especially for the securities companies that are undergoing adjustments. At this moment, Gu Junhao finally understands why the falling trend of the securities companies cannot be stopped at all.
"Cracking down on financing and controlling risks is naturally a good thing; however, cats follow their catwalks and rats follow their own paths, hey." Gu Junhao said with some sigh, formal channels were banned, and illegal channels would naturally expand rapidly.
The regulatory level has actually paid attention to the risk of excessive financing, but some big funds turned a blind eye for the sake of profit, or even deliberately expanded it. The biggest harm caused by this is naturally to ordinary shareholders.
In addition to the bad news about cracking down on illegal financing, there are also bad news of various sizes for A-shares this weekend. The regulators' intention to actively cool down the stock market is very obvious, and the trend in the stock market is naturally not much better.
On January 19, 2015, affected by the weekend's heavy gains and heavy losses, the Shanghai Composite Index fell short and opened at a low of 3189.73 points, a sharp drop of 5.86%. The performance of the three major financial sectors was the most obvious. Insurance, securities firms, and banking stocks appeared since the call auction began.
A large-scale downward trend occurred.
The entire brokerage sector fell by nearly 9% at the opening, with no stock in the entire sector falling less than 8%. Several brokerages named over the weekend and some other small and medium-sized brokerages fell by the limit across the board.
Xibu Securities and Huanghe Securities held by Gu Junhao have all fallen by the limit, and other large-cap stocks with large financing stocks, such as coal, aviation, electricity, real estate, and ports, have also fallen by the limit. Only the non-ferrous metals stocks that have performed relatively well recently have also fallen by the limit.
The sector is barely holding on.
Concept stocks with Chinese prefixes also opened with a sharp drop; China North and South Railway Vehicles and Zhongguo First Heavy Industry all fell by more than 5% at the opening, and Zhongguo Communications Construction even opened with a sharp drop of 8.37%, with the stock price approaching the limit.
Affected by the broader market, the GEM index also opened significantly lower, reporting at 1608.25 points, down 1.95%. Yinzhijie opened at 58 yuan, down 3.34%, and Tonghuashun opened at 59 yuan, down nearly 7%.
Fang Fortune opened at 44.88 yuan, up 1.72%.
Gu Junhao could think of adjustments, but he did not expect that the adjustments would be so drastic. It seems that the strict supervision of the China Securities Regulatory Commission has scared some smart funds, and they are rushing away.