Tokyo Barrister: Start the law firm bankruptcy

Chapter 106 Kotaro's Counterattack
March 9, 9 am.

Kawamoto Expressway headquarters, board meeting room.

A long square table was already filled with executives from Kawamoto Expressway.They looked dignified, some lowered their heads slightly, and some raised their hands to press their foreheads, rubbing them back and forth constantly.The share price of Kawamoto Expressway has fallen by 30% in the past week.And it is rumored that many securities companies have also begun to join the short-selling ranks.

At this time, the projector in the conference room shines light, which hits the white projection cloth to display a picture.A financial interview program was playing on the screen.But in the show, a dignified hostess was sitting on the left, and a white man in a black suit was sitting on the other.His pair of blue eyes were like a deep cave, which made it impossible to see the bottom. There were sunken eye sockets around his eyes, which made his eyeballs protrude a little, like the eyes of a falcon turning around.

The hostess first smiled at the camera, bowed slightly, and then introduced: "It's a great honor. We invited Mr. Brett Keller to our live interview room today. Mr. Brett is now a well-known private equity fund, Greystone Capital The manager of Soros. He used to be a powerful man under the financial tycoon Soros, and participated in the large-scale short-selling campaign launched by Soros against several Southeast Asian countries. Later, Mr. Brett became independent from the fund under Soros, and he was at the helm of the private equity fund focusing on Oriental Stock Market."

After finishing the routine introduction, the hostess could not wait to turn around and look at the helm of Greystone Capital next to her, and said straight to the point: "Mr. Brett, is it true that you recently started shorting the stock of Kawamoto Expressway?"

Brett smiled helplessly, as if he felt embarrassed that his market trading actions received too much attention: "Yes."

"Why do you want to be short." The hostess asked: "You have to know that after the stock expansion and financing, Kawamoto Expressway has enough cash to even buy the second-ranked expressway company. And the trend of Kawamoto Expressway this year is very strong."

Brett shook the chair behind him slightly, and replied: "I think you should have noticed that a law firm recently filed a class action lawsuit against Kawamoto Expressway. At that time, the law firm held a press conference and did not receive much attention. Our gray Stone Company paid close attention to the content of the press conference. After the research of our professional investment research team and external legal counsel, we believe that in this lawsuit, the Kawamoto Highway Court is more likely to be liable for compensation.”

Brett said unhurriedly: "Moderator. According to the latest data I have, the number of class action participants registered by the Shinjuku District Court has reached 1. And this number is still increasing. Considering the The compensation for the group lawsuit, and the possibility of increasing the road maintenance obligation for the Chuanben Expressway in the future. The operating conditions of the Chuanben Expressway will face a significant deterioration.”

"It is true that the fundamentals of Kawamoto Expressway are stronger than other expressway companies. But please don't forget. Kawamoto Expressway has higher bank liabilities and higher maintenance hard expenses than other companies. And - its price-earnings ratio is too high High. Even after suffering a 30% drop, the price-earnings ratio of Kawamoto Expressway is still 2 times higher than that of other companies in the same industry. This kind of stock price is obviously abnormal.”

"Of course, shorting Kawamoto Expressway does not mean that I am shorting Toyo's stock market. In a healthy and prosperous market, there will always be some imbalances in some parts. This is normal. Our shorting action is a response to the market being overwhelmed. A correction for the overvalued stock. What I want to say is that we are still optimistic about the long-term upward development of the Toyo stock market. I hope that the outside world will not misunderstand and over-speculate our shorting of Kawamoto Expressway..."

Before he finished speaking, the screen was turned off with a "Zi", Kotaro's face turned purple, he swung his right hand vigorously, and directly smashed the remote control in my hand to the ground:
"These Westerners know shitty Japanese laws! What an investment research team! Even a private equity fund with less than 30 employees dares to point fingers!!
However, although Kotaro scolded him so much, he was very clear that there was no doubt that the movements of Western hedge funds would greatly affect the attitudes of Toyo Investment Bank and brokerage firms.

He has already heard the news that even Nomura Securities, which has already participated in the financing of share expansion, has in turn participated in the short selling of Kawamoto Expressway.

The investment banks and securities firms in the East will only wag their tails like dogs and follow behind the hedge funds in the West.

If this short-selling operation continues, I am afraid that the stock market gains of Kawamoto Expressway this year will all be wiped out.

The group of Nomura Securities actually wanted to throw stones at themselves at this time.

I can't swallow this breath myself.

Can't swallow! !

However, compared to these.Kotaro couldn't figure out why it was just a traffic accident case, and now it has turned into a class action lawsuit involving tens of thousands of people.This has greatly exceeded Kotaro's imagination.That lawyer!That seems to be a lawyer named Yoshiichi Kitahara!How could he jump out at the most important moment and spoil his own good deeds!

Why is everything always against me?
why? !

Kotaro felt that blood was pouring into his head, and the muscles around his body were shaking slightly because of anger, and finally it was like a valve finally couldn't withstand the surging steam and opened, Kotaro who heard it directly opened his mouth to curse road:
"Lawyers! Journalists! These professions are all moths of society!!! They shouldn't exist! These parasites!!! These moths!!! They only rely on making waves to show their sense of existence!!"

Beside, several lawyers from Jinxi Law Firm who were present at the meeting twitched their eyebrows when they heard these words, and their faces changed a little.

"Chairman." Several company executives coughed at the same time, subtly reminding Kotaro not to say such blunt words in front of outsiders.

Kotaro ignored the expressions of those company executives.He thought again of Brett's blatantly empty talk on the TV show just now.

How irritating is that look of superiority, that look of casually commenting on the company he has painstakingly managed!
Kotaro suddenly raised his head, his eyes seemed to be burning with fire, and asked, "Approximately how much cash is in the company's account now."

"Chairman, there is still 380 billion yen in cash." Chief Financial Officer Xi Chuan replied.

380 billion yen in cash, Kotaro gritted his teeth and silently recited the number.

The chairman of Kawamoto Expressway stopped yelling and seemed lost in thought.

However, this abnormal state indicates that some extraordinary action is brewing.

When Kotaro raised his head again, his eyes were gloomy, but he heard his voice say coldly: "Nishikawa drafted a dividend proposal for me, and made a dividend-stock price stimulus plan. I want to distribute 300 billion in cash. And I want to make an announcement as soon as possible. I want to fight back against these short sellers. Don’t they rely on options to short. I want to make them all liquidate! Let them all lose their money!!!”

【Dividend-stock price stimulus plan】

[In the stock market, yield is defined as the ratio of dividends divided by stock price.For example, the price of a stock is 100 yen, and the dividend is 5 yen per share, then the yield is 5.00%.And listed companies can boost their share prices through high dividends.Assume that the average rate of return in the market is 5%.If the price of a stock is 100 yen, but it passes a dividend of 20 yen per share, the stock yield will reach 20%.Since the 20% yield greatly exceeds the average yield of 5%, buyers will race to buy, driving up the stock price until the 20% yield is pulled down to the average yield of 5%. 】

[In the case where the stock price is 100 yen, but the dividend is 20 yen, once the dividend plan is approved, the stock price will rise sharply to 400 yen to lower the yield to 5%.This is the huge effect of the dividend-stock price stimulus plan. 】

The average yield of the Toyo stock market is 2.1%.If Kawamoto Expressway passes a dividend of nearly 300 billion yuan, the stock price may jump by 40% in an instant.

"Chairman, please calm down." Xi Chuan's forehead was already covered with cold sweat.He is well aware of Kotaro's character, once he becomes stubborn, ten bulls will not be able to stop him, "Chairman, this cash is for repaying bank loans and various short-term current debts. If there is only 80 billion cash left, We simply don't have enough liquidity. And ... and, we're going to have to prepare for the next class action."

"Do you think we will lose the lawsuit?" Kotaro asked instantly, looking at Xi Chuan with cold eyes, "A group lawsuit brought about by a traffic accident case is simply sensational. How could the court support it? How could it support it? !! Besides, do you think that the Kawamoto Expressway has stood up to now and has nothing to do with all walks of life, can it stand up to now?!"

At this time, other company executives couldn't help seeing Kotaro being so impulsive, and they all echoed Xi Chuan and said: "Chairman, it is indeed too unsafe to distribute cash dividends all at once. Even if dividends are distributed, they can only boost people in the short term. Stock price. Chairman, you really don’t need to care about the temporary ups and downs of the stock price.”

This echo was like a shining knife, piercing directly into Kotaro's heart.

don't care?
How could I not care about it? !

This is a major event related to whether he can become the successor of the Kawamoto Group!
The speeches of a group of company executives stimulated Kotaro's heart even more at this time, as if they were mocking Kotaro for only caring about the succession within the group and not for the overall situation of the company.

The blood vessels on Kotaro's forehead bulged. He relied on his tough management skills to bring the Kawamoto Expressway to the position of the overlord of the Toyo Expressway. Now he is still ridiculed by his subordinates for disregarding the overall situation. How can this be tolerated.

The complex emotions that I have endured for many years suddenly came to my mind.

Kotaro slammed his fist heavily on the table with a "bang", and the constant anger in his heart gathered into a roar, which shot out and shook the conference room for a long time.

"This company's surname is Chuanben!!! Only those with the surname Chuanben can talk!!!"

……

……

……

On the same day, the Board of Directors of Kawamoto Expressway voted to approve the 300 billion yen cash dividend proposal.

When the announcement was issued the next day, the entire Toyo stock market was boiling.

Due to the high cash dividends of Kawamoto Expressway, the return rate of the stock has far exceeded the average market return rate. At the moment of the call auction, Kawamoto Expressway surged 30%, regaining all the positions lost by the previous short-selling suppression.As the stock price soared that day, the short side suffered heavy losses.

For Mizuho Industrial Bank alone, more than 38 short-selling options of Kawamoto Expressway were wiped out under the skyrocketing price.According to data from the Tokyo Stock Exchange, a total of nearly 200 billion short options were directly liquidated that day, and the shorts lost all their money.Under this trend, retail investors in the Toyo stock market are more flocking to Kawamoto Expressway.

All of a sudden, retail investors put up the banner of "defending Dongyang Highway and opposing Western short-selling", and with an unprecedented fanatical attitude, they increased their positions on Kawamoto Expressway one after another.The entire Dongyang Stock Bar's gathering place of retail investors has completely boiled over, and some even threatened to squeeze the short sellers.

Meanwhile, hot money from all walks of life took advantage of the situation and made great strides, and once again entered the market to hype wildly. An unprecedented atmosphere of speculative frenzy appeared on the stock of Kawamoto Expressway.And the bears who have suffered heavy losses are once again in full swing, preparing for the next counterattack...

(End of this chapter)