While waiting for Baijiu Industry Q3 Report, Chen Xi was not idle.
She sits in Trading Room every day, staring at the handicap of BYD, Add Position bit by bit.
Tongce Medical has been locked up, and the position of Pianzaihuang is basically stable. Only Bidiya still has room.
From 2.38% to 4.99%, about 71 million shares need to be purchased. Based on the current stock price, more than 3 billion funds are needed.
Zhao Chen gave her enough authorization, so she didn't need to ask for instructions for every transaction.
Chen Xi's judgment is that it is difficult for the stock price of Bidiya to fall below 45 yuan.
The basis for her judgment is very clear.
First, although Q3 Report of Bidiya is not good-looking, the worst is over.
The negative effects of the subsidy reduction have been fully released at the half-year report, with the stock price falling from 60 yuan to 38 yuan, a drop of more than 35%.
Now it has rebounded to 46 yuan, which has only repaired the most panicked period, and is far from overvalued.
Second, the sales data of New Energy cars are picking up. In September, the sales of New Energy passenger cars increased by more than 70% year-on-year, and the market share of Bidiya has stabilized at more than 20%.
Third, Buffett is not sold. This signal is more convincing than any Technical Analysis.
So she set the buying price range between 46 and 52 yuan.
It's not about chasing highs, it's about building a position on the right side - wait until the trend is clear before taking action, no buying the bottom, no gambling.
Buy 1 million to 2 million shares every day, don't be aggressive, don't rush for funds.
The liquidity of Bidiya is good enough. The daily average of Trading Volume is 20 to 30 million shares. The buy orders of Henglong only account for a small part of it and will not have an impact on the stock price.
In mid-October, the stock price of BYD was hovering around 48 yuan.
Chen Xi Buy a little every day, just like ants moving, not in a hurry.
Su Wantang summarizes the transaction data of the day to her after the market closes every day, and she updates the position list.
By around October 20, Bidiya's position increased from 65 million shares to 85 million shares, and the cost of this part was 46.5.
The overall average price increased slightly from 38.5 yuan to 39.8 yuan--
Because the price of Add Position is higher than the original holding cost, the overall cost has been pushed up, but not by much.
When Chen Xi reported to Zhao Chen, he said:
"The stock prices of Zhao Zong and Bidiya have stabilized above 48, and our costs are still below 40. This safety cushion is enough."
Zhao Chen replied with two words: "I can rest assured that you will do the work!"
While Chen Xi was Add Position Bidiya in an orderly manner, SpaceX financing on the other side of the ocean was basically confirmed.
The call from Lin Shicheng came in at ten o'clock in the evening, time Beijing.
Zhao Chen had just finished taking a shower, his hair was still wet. When he saw the caller ID, he wiped his fingers and answered the call.
"Mr. Zhao, SpaceX's new round of financing has been finalized."
Lin Shicheng's voice contained a hint of excitement, but he still maintained a lawyer's unique restraint.
"The total financing amount is 500 million US Dollar, with a valuation of 30.5 billion US Dollar. Era Vanguard led the investment of 300 million US Dollar, and Fidelity followed with an investment of 200 million US Dollar.
You previously requested to lead the investment, and Elon Musk and Board of Directors agreed after discussion. Era Vanguard is the largest investor in this round."
Zhao Chen sat on the sofa, put the phone on speakerphone, and put it on the coffee table.
"The valuation is 30.5 billion US Dollar, which is an increase of nearly 40% from the previous round of 21.5 billion."
"Yes." Lin Shicheng said, "With the pricing of this round of financing, the market's expectations for SpaceX are rising - Starship's testing is progressing smoothly, and Starlink planning is also advancing.
Fidelity originally wanted more shares, but Elon Musk insisted on letting Era Vanguard lead the investment."
Zhao Chen was silent for a second.
Elon Musk's statement reminded him of that Private Club afternoon at Manhattan.
Two people were sitting by the window. Outside the window was Hudson River. Elon Musk asked him--
"You are the first investor I have ever met who told me that Starship can fly."
"After the financing is completed, what is the shareholding ratio of Era Vanguard?" Zhao Chen asked.
There was the sound of turning paper on the other end of the phone.
"Before financing, Era Vanguard held approximately 4.47% of SpaceX's shares.
This round of financing invested 300 million US Dollar, and based on the valuation of 30.5 billion US Dollar, the new shareholding was approximately 0.98%.
After financing, Era Vanguard's shareholding ratio is approximately 5.4%."
Lin Shicheng paused, "Mr. Zhao, with a shareholding ratio of 5.4%, ranks among the top three shareholders of SpaceX.
Second only to the early investment institutions Elon Musk and Fidelity, you are now an important and important shareholder of SpaceX."
Zhao Chen tapped his fingers twice on the armrest of the sofa.
5.4%, second only to Elon Musk and Fidelity.
This ratio is lower than the 9.88% he had at Tesla, but in a company like SpaceX that Elon Musk has a high degree of control over, 5.4% is already an existence that cannot be ignored.
"When will the delivery be completed?" Zhao Chen asked.
Lin Shicheng said, "It is expected that the funds will be ready by mid-November, and the cash on Era Vanguard's account is enough to cover the 300 million US Dollar.
After the completion of the transaction, Era Vanguard's shareholding in SpaceX will officially exceed 5%."
Zhao Chen asked, "What's the reaction from Wall Street?"
Lin Shicheng's voice became more cautious.
"The response was not small. Bloomberg posted a report with the title 'Mysterious fund Era Vanguard once again led the investment in SpaceX, Elon Musk's close allies surfaced'.
The article sorted out the timeline of Era Vanguard's investment in Tesla and SpaceX, saying that Era Vanguard is a 'Strategic Investment investor who is deeply bound to Elon Musk'.
Many people are asking who is the boss behind Era Vanguard."
Zhao Chen asked, "Has anyone found it?"
Lin Shicheng said, "No. Equity Structure of Era Vanguard is built through multi-layer Offshore Structure, Cayman Islands's SPV, Hong Kong's Offshore Account, and two-layer trust.
Unless someone proactively discloses it, it will be difficult for outsiders to penetrate Ultimate Beneficial Owner.
Elon Musk is also tight-lipped. He has never revealed Era Vanguard's background in public.
When someone asked him, he only said 'a very professional fund'."
Zhao Chen said, "Then continue to remain mysterious."
Lin Shicheng said, "Understood."
The phone was hung up.
Zhao Chen Put your phone on the coffee table, lean on the sofa, and close your eyes.
Su Wantang walked out of the bedroom and saw him sitting on the sofa, so he came over and sat down next to him.
"What about SpaceX?"
Zhao Chen Open your eyes.
"Definitely. This financing is led by Era Vanguard, which invests 300 million US Dollar, and the total post-investment shareholding reaches 5.4%."
Su Wantang said softly.
"With your combined holdings in Tesla and SpaceX, you are already one of the most important investors around Elon Musk."
Zhao Chen picked up the teacup and took a sip.
"Whether it matters or not, it doesn't depend on the shareholding ratio, it depends on Elon Musk, believe it or not.
If he believes in you, it's important if you hold 1% of the shares. If he doesn't believe you, it's useless if you hold 10% of the shares."
Su Wantang didn't speak, just sat quietly next to him.
This man is worthy of her company and worthy of her pride.
Every decision he made was proven by time.
She believes that if one day all the identities of Zhao Chen are exposed, the whole world will be shocked.