pjbooks Chapter 84: Stocks
Chapter 84: Stocks
There was only one general education class in the morning, and after that, there wasn't much to do. Some students went to the library or studied in the classroom. The rest either went to the sports field to burn off their energy or went back to the dormitory for a nap. Of course, some also played chess or cards.
Huang Xiaochuan, with his backpack slung across his shoulder and his bankbook in his pocket, left.
The target is No. 101 Xikang Road.
This leg is no joke! Huang Xiaochuan rode for a good thirty minutes, and when he finally saw the legendary stock exchange converted from a barbershop, he couldn't help but marvel at its simplicity.
As the saying goes, the filling of a steamed bun is not on the pleats, and this small 10-square-meter room was crowded with people inside and out.
Most of them are what are commonly known as "scalpers," and Shanghai locals also vividly call them "scalpers" because these people often stand in one place for half a day, patiently waiting for business to come to them.
Upon seeing a young, unfamiliar face appear, the group quickly gathered around.
Having finally shaken off these people, Huang Xiaochuan squeezed into the small stock brokerage office.
The counter was crowded with people buying and selling stocks. Huang Xiaochuan observed carefully for a while. At this time, stock trading was mainly conducted through physical transactions. Both the buyer and seller brought their seals. The back of the stock certificate had sections for the seller and the buyer, and the transaction was considered complete only after both parties stamped their seals. The person who received the stock also received an "interest card," which recorded the annual dividends received.
The main purpose of today's visit is to understand the current approximate prices of these stocks, which are clearly written on the blackboard.
Feilo Acoustics (Dafeilo) - 2336 yuan per share.
Feilo Acoustics (Xiaofeilo) - 1692 yuan per share.
Vacuum Electronics - 2679 yuan per share.
Yuyuan Shopping Mall - 5113 yuan per share.
There are also eight stocks: Yanzhong Industrial, Fenghuang Chemical, Shenhua Electric, and Aishi Electronics. These are what people later called the "Old Eight Stocks".
The issue prices of these stocks vary; some are priced at 100 yuan per share, some at 50 yuan per share, and some at 10 yuan per share.
However, due to the small number of shares issued, the number of shares circulating in the market is also relatively small, so the price has been rising continuously in recent years, and now it has long exceeded the original issue price by several times or even more than ten times.
这几个股票当中有三个在1992年时都迈过了千元门槛，1992年1月10日，大飞乐在这天以收盘价10074元的股价突破了千元大关。
Prior to this, on December 5, 1991, Vacuum Electronics' stock price had already broken through the 12 yuan mark, and a few months later, Vacuum Electronics' stock price reached an all-time high of 25875 yuan.
However, the next stock was even more magical. Not only did its price break through 1,000 yuan, but in May 1992, its price broke through the 10,000 yuan mark. That stock was Yuyuan Department Store.
The stock price of Moutai in later years is nothing compared to this, but its current stock price is only over 500. If you buy some and hold it until May 1992 to sell, that would be a 20-fold return!
The cost is simply a sum of money and time.
Huang Xiaochuan roughly estimated that all his money could only buy 46 shares of Yuyuan Department Store.
A year and a half later, these 46 shares of Yuyuan Shopping Mall will bring him a profit of 46 yuan.
Moreover, Huang Xiaochuan estimated that there was a time lag. If he sold some of the 80 Monkeys before the Spring Festival next year, he would get about one million yuan in working capital.
Then I'll use this money to rush into the stock market, place buy orders directly, and start buying, buying, buying.
We'll acquire as many as we can, since the total number of shares is limited. I estimate that we'll be lucky to acquire 500 shares at an average price of 700 yuan.
I bought some more Dafele and vacuum electronic sewing kits, and before May 1992, I sold them all at Yuyuan Shopping Mall before they reached 10000 yuan.
Thinking of this, Huang Xiaochuan immediately squeezed out of the branch and withdrew 20000 yuan in cash directly from the ICBC next door.
That bank right next to the stock exchange is amazing! You can withdraw such a large amount of cash without even needing an appointment. It must have a huge daily cash flow!
This is Shanghai, after all; there are people who provide services whenever needed. There are stamp-making stalls not far from the entrance of the business office.
Huang Xiaochuan spent five yuan to carve a seal for himself. The material was very ordinary, but the price was high because it was crafted by hand, with each stroke done manually.
After receiving the stamp, Huang Xiaochuan turned around and squeezed back into the business office. The old man who engraved the stamps was used to this; people ranging from eighty-year-old men to sixteen- or seventeen-year-old boys had all been there.
Although Huang Xiaochuan didn't have much money, he wanted to buy even fewer stocks. Unlike in later years when people bought stocks in lots of one, ten, or even hundreds of lots, back then, it was mostly about buying and selling one share at a time. Stocks with high face values were rarely seen here.
Currently, there are only 12 shares of Yuyuan Department Store listed for sale, 30 shares of Vacuum Electronics, and 18 shares of Dafeile.
Moreover, the selling prices were all increased by 30 yuan, 18 yuan, and 20 yuan respectively compared to today's stock price.
In other words, if you want to buy these three stocks, you have to pay extra. After Huang Xiaochuan completed the stock transaction procedures and obtained the stock certificates, the actual transaction price was 5413 yuan for Yuyuan Department Store, and the total cost was 64956 yuan.
Vacuum Electronics was priced at 2859 yuan, and 30 shares cost 8557 yuan.
Dafele, priced at 2536 yuan, cost 45648 yuan for 18 shares.
The three stocks cost a total of 196174 yuan, leaving a little over 300 yuan, which Huang Xiaochuan casually put into his pocket.
What a coincidence, the 20000 yuan that Huang Xiaochuan mentioned was exactly right.
The paper on these stock certificates was already quite thick, and these dozens of certificates together made a thick stack, with some weight to them!
As usual, Huang Xiaochuan went to his rented room. He hadn't been there in a while, and the room was dusty, making it stuffy to breathe. Huang Xiaochuan quickly opened the window to ventilate the room, and took the opportunity to hide the batch of stocks in the cupboard, just like he would with stamps.
After finishing all that, Huang Xiaochuan closed the doors and windows, and only then did he realize how hungry he was.
Alright! Let's hurry up and find somewhere to eat something! The cafeteria is definitely out of food right now, maybe there'll be some free soup left. Those damn college students have such big appetites, they can eat so much.
A bowl of scallion oil noodles, a fried pork chop, and some spicy soy sauce—my lunch was so greasy my mouth was practically dripping with oil.
He wiped his mouth and was about to get up when his pager went off.
Upon checking the phone number, I realized it belonged to my uncle's factory. What was going on? I had only been back for a few days. Had something happened again?
After leaving the restaurant, Huang Xiaochuan found a quiet spot, took out his mobile phone, turned it on, and made a return call.
"Uncle, what's the matter?"
"Xiao Chuan, the Singaporeans have sent another letter. I had someone take a look at it. It means they want to order another batch of flanges. The letter has the specific specifications and quantities."
"That's great! If you can guarantee production capacity, then go ahead and take it on."
"I've calculated it, and I can handle the job, but you'll need to handle the price and contract. I don't have anyone here who knows how!"
Huang Xiaochuan thought about it and realized that it was true. No one in his uncle's factory knew anything about business, and no one could draft or review contracts. It seemed that he would have to handle it himself.
"Okay, then come to the school to find me tomorrow. I'll draft the contract for you when I have time, and then you can sign it with the people from Jiadao Company."
After the contract is signed, Zeng Jiahua can simply go and coordinate with Ge Changli, and then sign a supplementary agreement.
Cola Novels, your portable library, contains more than ten thousand volumes.