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Chapter 233 Reduction of holdings and cashing out(1/2)

A pier in southern Melbourne.

After three days of shooting, "Batman" finally concluded the first fight scene of the film.

The plot begins with five consecutive murders in Gotham City. Some victims were shot, some had their necks broken, and some had signs of animal bites. Batman traced the clues and found out in the "Gotham Times"

When female reporter Vicky Val was about to be murdered, she successfully rescued the murderer and tracked the murderer along the sewers to an abandoned dock on the edge of the city.

The murderer's true face was revealed, and he turned out to be a huge monster with sharp teeth and scales that looked like a crocodile.

After a hard fight, Batman finally subdued the Crocodile Man.

At the same time, the frightened Vicky Val called the police, and Commissioner Gordon, who was also closely tracking the recent murders, personally led the team to the dock. Because the police arrived, Batman had no time to interrogate the Crocodile Man, so he had to

Escape early.

After this action scene, there is a literary scene, which is also the first official contact between Commissioner Gordon and Batman.

The recently started night scene shooting lasted eight hours from 6 pm to 2 am. It is midsummer in the Southern Hemisphere and the sky is very long, but usually after completing the preparations for shooting, night has fallen.

It was already one o'clock in the morning. After the previous action scene, the scene did not need to change much. The police were cleaning up the mess in the original venue. Chief Gordon was reminded and came to a nearby warehouse.

The scenery here has been completed in advance. Simon briefly communicated with the two actors, Adam Baldwin and Tommy Lee Jones, and filming officially began.

The clapperboard was laid down and all the actors who had taken their positions in advance started to move.

Commissioner Gordon hesitantly came to the streetlight in front of the warehouse, while Batman squatted on the edge of the warehouse roof, with most of his body covered by a cloak. The composition of the shot has an obvious meaning. Commissioner Gordon and Batman, one in the light, the other

in the dark.

Feeling a slight sound above his head, Chief Gordon looked up and finally saw the 'wanted criminal' he had been looking for for a long time.

The two had a brief confrontation, and Gordon spoke first: "Okay, although...but, you did a good job."

Batman had no intention of greeting Gordon, and said in a calm and cold tone: "Have you discovered the connection?"

Gordon nodded: "Including Vicky Val, three reporters have been attacked in the past week. Something must have happened in the city, and someone wants to cover it up."

Batman paused and did not tell Gordon that he had actually discovered five related murders. He just said: "I need an interrogation report on that crocodile."

"I will not cooperate with a wanted criminal," Gordon blurted out. Sensing Batman's hesitation, he asked again: "Do you know anything else?"

Batman responded with his exact words: "I will not cooperate with the police."

Gordon frowned: "Then why do you think I will give you the report?"

"I'll still be here at 12 o'clock tomorrow night."

Gordon moved his feet on the spot, seeming to be thinking about how to gain some initiative. After a brief daze, he looked up again and saw that the figure on the roof had disappeared.

"cut!"

Simon behind the monitor raised his hand slightly and shouted, then started to play back the footage just now.

Adam Baldwin and Tommy Lee Jones soon joined in.

"The emotions are still a little bit rough," Simon pressed the playback to explain to Tommy Lee Jones himself: "Tommy, this conversation means that the two of you have unknowingly formed some kind of potential tacit understanding, so

The rhythm needs to be controlled well. Also, your little action just now was a little too deliberate. Please adjust it next time."

What Simon needs is a feeling. Naturally, there is no way to tell the two of them in detail how to act. They can only figure it out on their own.

After a brief discussion, the two actors made some preparations and started filming for the second time.

When Bruce Wayne is in Batman mode, he basically has three attributes. Adam Baldwin's acting skills are not very demanding, and Tommy Lee Jones is also a veteran actor for many years. Therefore, after shooting several scenes in a row,

, Simon got the satisfactory effect he needed.

At two o'clock, the crew finished work on time.

Simon went to bed at about three o'clock in the morning, had breakfast at nine o'clock the next morning, and returned to the study room of his hotel suite.

Jennifer's main job is to maintain contact with two local companies in North America, and she does not need to stay up late with Simon on the set. Simon walked into the study, and the female assistant had already prepared the documents he needed to review today.

"We have successfully established 5,000 Nikkei 225 index futures long contracts on two commodity futures exchanges in Osaka and Singapore. The opening index is about 31,200 points. The average single-lot margin is US$25,300, and the total margin paid is US$126 million. Dad feels

, the company only needs to retain a reserve of US$50 million to resist risks, so it can open an additional 1,000 positions.”

The original S&P 500 Index futures, with 10 times leverage, required only about $15,000 in margin for a single transaction.

Nikkei 225 Index futures are still 10 times leveraged. However, the contract multiplier for this index futures is 1,000 yen, which means that the book value of each contract held by Westeros Company is 31.2 million yen.

The Japanese yen has continued to appreciate against the US dollar in recent years. The recent exchange rate has reached 123 to 13,120 yen. After conversion, the yen is roughly 250,000 US dollars. The 10% margin ratio is 25,000 US dollars.

Simon looked through the documents in his hand while listening to Jennifer's introduction.

In the past two weeks, the growth rate of the Nikkei 225 Index has accelerated significantly. In December last year, when the Nikkei 225 Index exceeded 30,000 points, the increase that month was only 623 points. However, in the past two weeks, the Nikkei 225 Index has risen by a full 860 points.

, an increase of 2.7%.

I don’t know if this is the result of someone hearing the news and following the market.

The funds that Westeros Company can freely use at present are only the US$200 million that has just been transferred from Daenerys Entertainment. The planned 5,000 position openings have been completed, and the remaining funds are only US$70 million. Simon is optimistic about the future of the Japanese stock market.

The trend this year is not as clear as that of the North American stock market in October of the previous year, so the position must not be full, and a sum of funds needs to be reserved to resist the risk of a margin call.

After rough calculation, according to the current position ratio, if the Nikkei 225 Index can still reach the original high of more than 38,000 points in time and space. Theoretically, excluding the stock index futures trading tax and high capital gains tax in the Japanese market, Westeros

The company's capital of US$200 million will probably double by the end of the year and achieve 100% net profit.

Compared with the time two years ago, the current one-year operation and 100% net profit cannot be considered a very good business. If Simon makes other investments based on the information in his memory, he can actually do it in one year.

Earn so much.

For example, buy Columbia Pictures stock now.

In the whole year of 1988, Columbia Pictures released a total of 15 movies, but the box office for the whole year was only 88 million US dollars. Yes, 15 movies, 88 million US dollars, and the average box office revenue per movie was less than 6 million US dollars.

Although Samsung Pictures, a joint venture between Columbia and HBO, had better box office figures for the year, the total box office for the same 15 movies in 1988 was only US$198 million. It is rumored that Samsung Pictures' cumulative losses in the five years since its establishment have exceeded 500 million.

In order to conceal this fact, Time Group, the parent company of HBO, even had to use financial means to allocate losses to other departments.

Although news of Sony's possible acquisition of Columbia has spread, Columbia's stock price has continued to fall due to the studio's sluggish performance, and the stock price of Coca-Cola Group, which holds 49% of Columbia's shares, has also fallen.

Columbia Pictures' current market value is only US$1.6 billion, and its debt ratio has reached 100%. If it continues to decline, it will become insolvent.

However, Simon clearly remembered that Sony acquired Colombia in the second half of the year, and the final transaction price was US$3.4 billion, which more than doubled. Moreover, Sony also assumed all of Colombia's US$1.6 billion debt, making the total transaction price

Reached US$5 billion.

If Simon enters the market and buys Columbia Pictures stock now, he will also be able to double his income in the second half of the year, and the risk will be lower.

However, because he is in Hollywood, Simon's actions will definitely lead to unnecessary speculation and even be investigated for insider trading.

As a large number of arbitrage trading tycoons such as Ivan Boesky and Michael Milken, who had dominated Wall Street for many years, fell from power, the federal investigative agency, which was enjoying its success, would definitely want to bring Simon Westeros to such an end.

A big fish with an even more bizarre path to wealth is caught in the net.

Therefore, seeing many stock arbitrage opportunities such as the recent Reynolds-Nabisco merger and the Sony acquisition of Colombia in the next few months, Simon has refrained from taking action.

Although it disagrees with most hedge funds on Wall Street who are bearish on the Japanese stock market, there is no such risk in making money through the Japanese stock market.

Suppressing Japan's rise is completely the "political correctness" of the United States in recent years.

Of course, the profits generated by speculating on Nikkei 225 Index futures may not actually come from Japan, but this is not something Simon needs to consider.

Constantly thinking about it in his mind, Simon heard Jennifer conveying James Raybould's suggestion, thought about it and nodded quickly: "Okay."

The position increased to 6,000 lots, and the risk was still within control. However, even so, the expected returns were still difficult to satisfy Simon's appetite.

Funding is still a big issue.

Simon did not intend to use a loan to speculate in stock index futures, and the possibility of obtaining a loan on this basis was unlikely, and he did not allow himself to take such a risk.

Thinking like this, he suddenly remembered something. Simon looked up and asked Jennifer: "Is your father still in the company?"

Jennifer nodded: "It's six o'clock in the afternoon in New York, but dad is still there. When you were having breakfast, dad called and said he would wait for you."

As the female assistant spoke, she picked up the phone on the desk, dialed a series of numbers skillfully, and then handed the phone to Simon.

After reducing its holdings of Motorola shares, the number of listed technology companies held by Westeros is 25, of which the company has board seats in 16, and the other 9 companies simply hold shares and have not joined the board of directors.

In order to avoid dragging down the entire technology stock market in the process of reducing its holdings in Motorola, Westeros issued a one-year non-reduction statement for companies that did not join the board of directors and a three-year non-reduction statement for companies with board seats.

A year has passed since this announcement, and Simon can now raise more funds for Japanese stock market operations by reducing some of his holdings in technology stocks.

After talking with James Raybould for half an hour on the phone, the two of them roughly determined a reduction plan for 6 stocks, 3 of which have performed poorly in the past year or so, and 3 of which Simon has long ago

Those that are confirmed to reduce their holdings, such as Apple.

Simon specifically gave up joining Apple's board of directors for this reason.

When Westeros bought Apple during the stock market crash, the company's market value was around US$3 billion, and it invested a total of US$150 million. Taking into account the small-scale increase in holdings last year, the shareholding ratio exceeded 5%.

Recently, Apple's market value has increased to US$5.3 billion. The book profit of Westeros' shares has exceeded 75%, and the total value of its shares has reached US$260 million.

Although he remembers that Apple's market value will exceed US$7 billion in the next few years, Simon does not intend to wait any longer. Of course, he has not thought about selling it all in the short term. A holding of about 5% is already a lot for a listed company.

A large proportion and selling too much at one time will definitely have a serious impact on Apple's stock.

However, with a total of 6 stocks, even if the Westeros Company releases a shareholding reduction statement that will have a certain impact on the stock price, it can easily cash out US$300 million in the next month. After Daenerys Entertainment completes its financial audit, it can still

Transfer part of the funds to Westeros Corporation.

With more than $500 million in principal, Simon can safely increase his position in Nikkei 225 Index futures to 15,000 lots.
To be continued...
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