12/28/2008

A large number of new funds flowing into China, Switzerland, Germany equity funds so popular these days

In the United States on the brink of bankruptcy three major auto plants, the Government continued to shout "help", Germany's Porsche (Porsche) has earned Fan Tian, a year profit more than 10,000,000,000 U.S. dollars.

Porsche Motor Company announced on the 7th, by the end of July deadline for the fiscal year, pretax profit rose 46 percent to 8,570,000,000 euros, the equivalent of 10,900,000,000 U.S. dollars. However, 80 per cent of the profits from the production car is not, but skillfully operating profits of financial instruments, which operate for a long time to Porsche and Volkswagen would like to buy (VW) the intention of the relationship go a long way.

Porsche in the operational profit, the actual depot for more than two General of the United States and the Ford Motor Company of the total market value. The share price slide all the way General Motors, has only a few of the current market value of 2,470,000,000 U.S. dollars, Ford only 4,570,000,000 U.S. dollars.

Led the "sea fishing" is the long-running Porsche Wade King and Chief Financial Officer and special, but more importantly, their collaboration and the Volkswagen Beetle is the creator of the grandson of the two snow-bo (Wolfgang Porsche) Piech and (Ferdinand Piech), they are the Porsche and Volkswagen's chairman of the board.

Since 2005, Porsche through a selection of the right tools to make large profits, and help them quietly to the creation of Fox's huge holdings, and the market has no information on this. Until the end of last month, Porsche disclosed information shows that they have real control over the market shares of most of the Fox, Volkswagen's share price has been soaring along with it.

As a result, the original stock of Fox's short hedge funds, they rolled into the classic trap air, the Fox share price rocketed even got to allow the global market value of the Volkswagen car company's highest throne. The hedge fund industry desperately in the market chasing a limited stock of the results of their week in just a few hours on the loss of hundreds of millions of dollars.

The Porsche's move shows that the traditional old economy manufacturers have to learn from hedge funds, and have the ability to hedge funds in the main battle field to defeat them.

Porsche relying on the strategy in the global automotive industry Ku Haha, or even struggling for survival, in the last fiscal year's net income surged 51% trend has reached 6,390,000,000 euros. Moreover, the settlement in July only to the financial year, not even reflected in last month's huge profit.

However, it has not yet come to an end, German monetary authorities have to investigate to find out whether there is a Porsche improper operation of the Fox shares suspects. Porsche stressed that they do not have any misconduct, Fox share price boom is the result of short replenishment.

But on the other hand, Porsche Porsche wants to control the revenue is 15 times the output of up to 60 times more of the Volkswagen, it seems that there are many obstacles to be overcome.

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