1440 [Great Reversal]
Just when summer and Lin Qingxia were rafting on the sea and enjoying this rare time for two people, Hong Kong was in full swing and preparing for the battle.
In the early morning, the newspapers of the day were released. The headlines of the financial page announced the current financial situation of Lixin Group and attached comments from stock commentators.
From this report, citizens can clearly find that Lixin's financial situation is not good. Its working capital is only 150 million Hong Kong dollars, but it still has to pay 140 million Hong Kong dollars to share dividends to shareholders. It is entirely just focusing on the present and ignoring the short-sighted moves in the future.
"Oh, this is not right. The company only has 150 million Hong Kong dollars in cash, and it has to divide 140 million Hong Kong dollars. What should the company do? Is the remaining 10 million Hong Kong dollars enough?"
"Isn't this a slap in the face to make people fat? The company only has such a small amount of money, not only saves some money, but also uses it on the blade, but instead wants to share it. It's simply a prodigal son."
"Lixin is such a big company, not to mention anything else, just paying wages is more than 10 million Hong Kong dollars a month. Now that I have all the money, what should I do in the future?"
Citizens are not stupid. After reading the financial situation announced by Lixin Group, they think of the recently rumored Lixin dividends. Without the explanation from stock analysts, they all know that Lixin Group's dividends are not desirable.
But they hadn't figured out why the senior executives of Lixin Group were so short-sighted. Even though they knew that dividends were a disaster for Lixin, they still had to implement them.
However, after they read the stock reviewer's comments, they immediately realized, "So that's it!"
"As far as we know, the dividends this time were dominated by Lin Boxin. He just stepped down as chairman of Lixin Group. He should have a good understanding of the company's financial situation and know that the company cannot afford such a large dividend now. But he still insists on dividends, and the reasons behind it are worth pondering.
As far as I know, the Lin family suffered heavy losses during this stock market crash. Could it be that because of this, they urgently needed a large amount of cash to resolve the crisis? You should know that this dividend, with the Lin family's shares, can be distributed to HK$50 million." A stock commented.
"Lin Boxin competes for power and sacrifices Lixin's future." A stock analyst commented, "As far as I know, after Lin Boxin lost control of Lixin Group in the stock market crash, he has been very unwilling to retake Lixin.
The reason why he vigorously promoted Lixin's dividend was to please Lixin's investors, let them stand on their own side and help them seize power.
Xia Tian, as the new chairman who has just arrived and has not yet sat firmly on his back, was forced to retreat when facing the threat of his former chairman Yi Minyi.
For the sake of his own selfish interests, Lin Boxin ignored Li Xin's future. It was really hateful!"
"Poor Xia Tian, kidnapped by public opinion." Another stock commenter commented, "Xia Tian has always been thinking about small investors. This stock market crash was the first to stand up to raise the stock price of his own company and help investors resolve the crisis.
This time, UOB is facing a crisis of squeezing, and it is also him who took the initiative to take responsibility and borrowed money to help UOB through difficulties and protect the interests of depositors of all sizes.
From the above two things, we can see that Xia Tian is a very sympathetic person. But people are good at bullying him, and they are just taking advantage of his weakness to use public opinion to oppress him and force him to do things that he is unwilling to do, unable to do, and cannot do."
After reading the stock reviewers' comments, the citizens suddenly realized that they finally understood why Lixin Group's financial situation was so mediocre, but they still insisted on dividends.
"Oh, Lin Boxin is really not a guy. In order to find money for himself, he forced the company to pay dividends. It seems to be thinking about the small shareholders, but it is not for himself."
"In order to fight for power, Lin Boxin sacrificed the interests of the company and used some small favors to win over the small shareholders, so that they could help put pressure on Xia Tian. This is extremely despicable!"
"Xia Tian is so pitiful. When he meets such a shameless opponent. He is already very concerned about small investors and does not want their interests to be damaged. As a result, he is caught by someone to do this weakness and force him to do what he doesn't want to do. It's really pitiful."
Citizens were talking about it, helping Xia Tian fight against the bad.
For a moment, the whole city was in an uproar.
Even Lixin's small shareholders were reluctant to support Lin Boxin after reading the report.
Dividends from listed companies actually have both pros and cons, and not all are good news.
If it is a normal dividend, it is of course a good thing for small shareholders to share some of the profits to everyone. In addition to short-term speculators who sell stocks, they buy stocks to earn dividends, and it is of course good to distribute dividends to money. This also helps increase the stock price.
But if dividends are abnormal and all the company's working capital is distributed, isn't this equivalent to farmers eating the grain? What will be planted in spring next year?!
If the company has no liquidity and its operation is in trouble, is it worth looking forward to in the future operation? If it is not worth looking forward to, the company's stock price will plummet. Even if you get a little dividend, it will be a drop in the bucket compared to the stock price.
Although small investors love money, they are not short-sighted. It is absolutely impossible to know that Lin Boxin is so rude.
"I thought he was a good person before, but now I know that he is hiding evil intentions. If he is involved in the business, the company will collapse. Who else can I sell the stocks in my hands?"
"He is just eating the money from the Yin Dynasty and using the company's money to win people's hearts. When the company can't continue to operate, he will probably put the hat of poor management on Xia Tian. It's really despicable!"
"He is bullying Xia Tian's kind heart. If someone else is to stop him from taking advantage of this. This is really a thief who is old and immortal, and he regards other people's kindness as his shameless capital!"
The investors of Lixin Group also talked about it.
The news soon came to the Lin family.
After seeing the newspaper, Lin Jianyue shouted that something was wrong and rushed to Mingde Hospital as soon as possible.
When I entered the ward, I saw Lin Boxin half-lying and half-sitting on the hospital bed with a bleak face, with some newspapers scattered around my hand.
"Dad" Lin Jianyue hurriedly ran forward as soon as he saw it, "Are you okay? Do you want to call a doctor?"
"No need." Lin Boxin waved his hand, "I didn't expect that he was waiting for us here. I said why he kept holding on to the army and let us take credit for it. It turned out that he had the idea."
"Yes, he is really despicable. He obviously did this, but now he is pushing the blame on us. It's simply hateful!" Lin Jianyue also cursed.
Xia Tian asked for dividends to small shareholders. Now he took the 625th and pretended to be a good person. It was simply a big deal.
"Dad, why don't we clarify it publicly." Lin Jianyue said, "Expose Xia Tian's true face!"
"Stupid! You have already promoted it before, but now it has nothing to do with us. Do you think they will believe it? And those who really know the profession will know that we were fooled in the summer this time, so what would they think of us?" Lin Boxin said flatly when he heard this.
If the truth of this incident is spread, the Lin family will be even more shameless. The father and son were fooled by Xia Tian alone, which is simply embarrassing!
"What should I do now?" Lin Jianyue frowned.
"Cool." Lin Boxin waved his hand and said, "If you lose, you will lose. Just win or lose for a while, don't take it seriously. Life is still long, and I can't beat him this time, and I still have a chance in the future."
"Let's forget it?" Lin Jianyue was stunned. Unexpectedly, his father admitted defeat so simply.
"Otherwise, what are you going to do? This time, our father and son did make mistakes. I didn't expect Xia Tian to have this move and be careless." Lin Boxin sighed, "But don't be too discouraged. The battle is just beginning. It's hard to say who will win or lose in the future. As long as our Lin family is still in one day, we will bring Li Xin back one day."
Chapter completed!