Chapter 59 The booming stock market attracts everyone wanting a piece of the pie!



"Hahaha, we've really struck it rich this time!"

Chen Dong waved the newspaper in his hand and said happily.

"Brother Dong, have we really struck it rich?"

"Yes! Based on this news alone, the stocks we bought will continue to rise!"

Chen Dong nodded, his tone resolute.

"Brother Dong, can I see the newspaper?"

Jiang Fei looked surprised. Chen Dong hadn't been this excited when he heard that Shenyuanye's stock price had risen to 48 yuan per share.

Upon hearing this, Chen Dong casually handed the newspaper to Jiang Fei.

"Brother Dong, what is ex-rights and ex-dividend?"

"Ex-rights and ex-dividend?"

"Simply put, it's about driving down the stock price so that more people can participate."

"If the stock price goes down, won't we lose money on the stocks we bought?"

Upon hearing this, Chen Dong shook his head and smiled.

"The stock price is driven down, but the number of shares increases. In reality, the value of the stock remains unchanged."

Jiang Fei and the others were completely bewildered, their faces showing utter confusion.

Chen Dong then added an explanation.

"This time we spent 400,000 yuan to buy 5,000 shares of Shenzhen Development Bank stock."

"The announcement said that each share will be split into 20 shares, which means that the 5,000 shares we bought have become 100,000 shares."

"Then, for every 10 shares, 5 shares were given away, and our stock became 150,000 shares."

"Finally, for every 10 shares, 1 new share can be issued at a price of 3.56 yuan. After the stock split, we can issue another 10,000 shares, bringing the total number of shares to 160,000."

Hearing Chen Dong's words, Jiang Fei and the others looked embarrassed, completely baffled.

"Brother Dong, please stop talking. I... I was just being nosy. I shouldn't have asked these questions. You've been talking for so long, but I didn't understand a single word."

Jiang Fei resigned himself to his fate and said with a self-deprecating laugh.

"With my IQ, you might as well just tell me what to do!"

Upon hearing this, Ah Long and Ah Hu nodded in agreement.

Upon seeing this!

Chen Dong was speechless for a moment, but seeing the troubled expressions on the three people's faces, he didn't know what to say.

At that time, stocks were just beginning to emerge in the country, and everyone only knew that stocks were a way to make money.

But when it comes to the principles of making money from stocks, not only Jiang Fei and his two companions, but also the vast majority of stock market investors who have bought stocks outside the company, don't quite understand them.

Chen Dong was too lazy to explain any further; it was like casting pearls before swine.

"In a few days, I'll sell off the shares of Shenyuanye that I have. Fei, you can stay in Pengcheng and Mingzhu City and temporarily take charge of the stock matters."

“But…” Jiang Fei looked troubled upon hearing this.

Before he could say anything, Chen Dong waved his hand, interrupting him.

"I will give you instructions on the specific transactions! You just need to follow them."

"Okay, Dong-ge!"

Hearing this, Jiang Fei breathed a sigh of relief.

He can understand whether stock prices are rising or falling, but when it comes to the intricacies of the stock market, it really stumps him.

After saying this, Chen Dong thought for a moment and then continued.

"April 6th is the ex-rights and ex-dividend date for Shenzhen Development Bank. After the rights issue is completed, I will transfer 10,000 shares to each of you."

"Remember, no one is allowed to sell it without my permission!"

Ten thousand shares per person, that sounds like a lot.

If you had 10,000 shares of Shenzhen Development Bank stock before the ex-rights and ex-dividend date, their value would definitely be over a million.

However, Chen Dong also said that this is a product of the ex-rights and ex-dividend period.

Ten thousand shares of Shenzhen Development Bank stock are actually worth only a little over 30,000 yuan.

Each person received more than 30,000 yuan, and the three were quite happy, but that was all.

During the time I spent with Chen Dong, what I gained the most was not wealth, but knowledge!

30,000 yuan is equivalent to more than two years' income for an ordinary worker, but these three people no longer care about this amount of money.

Seeing the three men's nonchalant expressions, Chen Dong added another sentence.

"Don't underestimate these shares. In a year, they will be worth at least a million yuan."

One million yuan?

Upon hearing this, the three men's pupils dilated instantly, and their faces showed a mixture of shock and delight.

They might not care about 30,000 yuan, but what about a million?

That's a huge sum of money.

What was the concept of a millionaire in the 1990s?

Equivalent to a billionaire in later generations.

Putting everything else aside, just using this money to buy houses, without having to do anything, these properties will be worth at least hundreds of millions in 20 years.

"Brother Dong, are you really going to give it to us? Isn't that too much?"

The group hadn't felt anything before, but now it's different.

These 10,000 shares of Shenzhen Development Bank are worth over a million!

At current employee salaries, you can forget about earning that much money in your entire life.

But Chen Dong gave it to them without hesitation, without even blinking, which deeply moved the three of them.

Just then, Chen Dong's cell phone rang, and he gestured for the three of them to be quiet.

"Say no more. This is what you deserve. As long as you work hard, I guarantee you will all become billionaires."

After saying that, Chen Dong ignored what the others thought and picked up the phone to answer.

"Hello Mr. Wang, this is Chen Dong. What made you think of calling me?"

"You mean you want to buy my Deepfield stock?"

"Well, how about this... we find a place to meet and talk, shall we?"

"Okay, I got it. I'll be there on time."

After hanging up the phone, Chen Dong looked at the group and said...

“When we were queuing to buy stocks, we met Mr. Wang from Shanxi. He wanted to buy the Shenyuanye shares I had.”

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List