Back at the hotel.
Hua Zi and Ah Hu haven't returned yet, but Jiang Fei and Ah Long have brought good news.
“Brother Dong, we just walked around a few parks, and just like you said, there were people trading stocks everywhere.”
"Also, we've heard something else. There's a new stock going out in five days. I heard it's a joint venture's stock. Do you think we should buy some?"
"Buy it! Of course we have to buy it!"
Without thinking, Chen Dong blurted out these words.
There's really no need to think about it. At this point, it doesn't matter what kind of stock it is or what its price is. Buying it means you've made a profit. It's that simple and straightforward.
There were a total of 5 companies listed in Shenzhen, which were later known as the "Old Five Stocks".
Among them, there is only one Sino-foreign joint venture, which is Shenzhen Yuanye Textile Co., Ltd., also known as Shenyuanye.
Two years later, this company became famous throughout the country and could be considered a household name.
Of course, we're not talking about its profitability, but rather the fact that this company became infamous because of financial scandals that harmed a large number of early shareholders.
This caused a huge sensation in society at the time!
Chen Dong is extremely knowledgeable about this period of history and has studied it more than once.
Shenyuanye was a joint venture textile company that collapsed in 1992 due to financial fraud. It was also the first company in the history of the securities market to be suspended from trading for a long period of time due to financial fraud.
However, it cannot be denied that among the old five stocks, Shenzhen Yuanye also had the highest increase.
It's only 1990 now, and there are still two years until the collapse in 1992. It's a good time to speculate on short-term stocks. What's more, Shenzhen Yuanye is one of the old five stocks.
Others may not know the power of the old five stocks, but Chen Dong knows it all too well.
There was once an ordinary employee who worked at the rural credit cooperative.
She had deposited several thousand yuan, and when she was encouraged to convert it into shares of the credit union (the predecessor of Shenzhen Development Bank), she did so. Her employer handled the relevant procedures for her, and she later made hundreds of thousands of yuan from the stocks.
In order to complete their issuance targets, some organizations stipulated that for each subscriber, the individual would pay 0.5 yuan per share and the organization would subsidize 0.5 yuan. Ordinary employees would each receive 1,000 shares, while key personnel of the organization would have to subscribe for 2,000 shares.
Interestingly, those who were forced to buy stocks later made a lot of money.
There was also a stock investor who didn't know much about stocks. In 1990, he bought tens of thousands of yuan worth of Shenzhen Development Bank shares. Later, he was imprisoned for five years due to a lawsuit.
During those five years, he did not make any moves on the stocks he held.
Five years later, after serving his sentence, he opened his stock account and found that the Shenzhen Development Bank shares he had bought for tens of thousands of yuan five years ago were now worth over one million yuan.
Such stories are numerous.
......
If you spent 4,000 yuan on May 10, 1987, to buy 200 shares of Shenzhen Development Bank's original stock.
Then you can pretend it never happened and don't need to put any more money into it.
You only need to use your dividend money to participate in the stock issuance each time the company notifies you of a stock issuance.
In 20 years, you will be a millionaire!
On May 10, 1987, Shenzhen Development Bank issued its first batch of shares with a par value of 20 yuan per share. If you buy 200 shares, your investment will be 4,000 yuan.
In 1988, the dividend per share was 2 yuan. The total dividend received was 400 yuan, and the number of shares remained at 200.
In 1989, there was a 2-for-1 stock split and a 2-for-1 rights issue, with a dividend of 7 yuan per share (rights issue price 40 yuan). After the 2-for-1 stock split, the company had 300 shares. The current dividend of 140 yuan plus the previous dividend of 40 yuan brings the total dividend to 1800 yuan. After the rights issue of 4 shares, there is a remaining dividend of 300 yuan. You currently hold 340 shares, with a remaining dividend of 200 yuan.
......
In 2007, a 10-for-1 stock split was implemented, with a dividend of 0.009 yuan per share. The existing stock holdings, totaling [number] shares, received a dividend of 251 yuan, plus the previous dividend of [amount] yuan, for a total dividend of [amount] yuan.
If you bought 200 shares of Shenzhen Development Bank's original stock on May 10, 1987, the investment would have been 4,000 yuan.
Sold in 2007. In 2007, the highest price of Shenzhen Development Bank was 48.98 yuan and the lowest price was 14 yuan. Sold at the middle to high price of 33 yuan.
The stock price was 33 yuan, resulting in a profit of yuan. In 20 years, the profit increased 2531 times.
This is the power of the old five stocks!
In truth, Chen Dong doesn't have much time left.
According to the memories of later generations, in May of this year, the stock market will witness its first scene of "everyone flocking to the market".
At that time, all sorts of strange and monstrous figures, old men and old women, will come out together.
The spectacle was more magnificent than you could ever imagine.
Data shows that on the most popular day, the number of people rushing to buy stocks reached millions.
There may be some exaggeration involved, but the number of hundreds of thousands is definitely there.
Thousands of police officers were deployed to maintain order, and the entire street and road were completely occupied by a dark mass of people. You can imagine what that scene was like.
Even though Chen Dong was a reborn person, he couldn't help but shudder at the sight.
Fortunately, it's only the end of March, so it's not too late!
Thinking of this, Chen Dong immediately gave the order.
"Brother Fei, where is the park you found out about from Ah Long? Let's go there now."
"Okay, Dong-ge, I'll take you there now."
Upon hearing this, Lin Zhiyuan asked in surprise.
"Aren't we waiting for Hua Zi and Ah Hu to come back?"
"There's no time to explain. Let's talk as we walk. I'll just page him later."
As he spoke, Chen Dong picked up his mobile phone and walked towards the door.
Who are you waiting for?
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