"Sit down, you've worked hard all this time, Angela. ”

In the office, Arthur leaned back in the comfortable boss chair with a relaxed and lazy face, looked at Angela who was sitting elegantly with a bright smile on his face, and said very sincerely.

"This is my job, and I would like to thank the boss for giving me the opportunity to buy the original shares of the Coast Company... Angela looked at the young boss who couldn't hide her spirit, smiled and thanked her.

Arthur shook his head and waved his hand with a smile, and said indifferently: "My own people, there is no need to say this. After that, you will work with Corinna to take over the negotiation team and put her in charge of buying the three wind farms, so that the company's stock price will soar again, and we can move on to the next step. ”

"Well, as long as the share price reaches 10 pounds, the value of your shares in the Coast Company will reach 1.3 billion pounds, but at least you can get enough funds from the bank to complete the acquisition of WWU Group!" Angela said with a serious expression.

"Hehe, in fact, from the moment the coastal power plant was successfully listed, our future planning has been on the right track, as long as we go step by step, do not rush forward, success is only a matter of time, complete the acquisition of WWU Group, I am no longer just a newcomer in the energy industry, control one-eighth of the UK's natural gas distribution network, can already sit on the table, divide the interests!"

Arthur's eyes shone brightly, and those lights were like flames, fueling his ambitions.

To be honest, from the very beginning, whether it was the company's listing, or the repeated speculation to fuel the listed stock price, or the acquisition immediately after successful financing, and the continued stimulation of the stock price with good news, it was just part of Arthur's plan to make the stock in his hands more valuable.

It can then be used to pledge shares and get more money from the banks to fulfill its ambition to buy Wales and Western Utilities, the British gas distribution network company known as WWU.

With an estimated enterprise value of £2.2 billion, WWU is one of the UK's eight major distribution networks, covering 42,000 square kilometres and serving around 7.4 million people in regional Wales and the South West of the UK, with a total pipeline length of 35,000 kilometres and 18 gas storage yards.

As long as the WWU is acquired, then Arthur can really be said to occupy an important place in the British energy industry, and can really share the interests with those old forces in the energy industry.

Become a big man who can stomp his feet and cause the British to tremble!

"According to the information we have collected and investigated, under the haze of the European debt crisis, the acquisition of WWU, which is still in the red, boss, to complete the acquisition of WWU Group, you only need to prepare 700 million pounds, its 2.2 billion pounds market value, the most critical is 1.3 billion pounds of net debt, and it must also be approved by EU regulators.

However, WWU is only in a loss-making state calculated in accordance with the British financial accounting standards, but if it is calculated in accordance with the accounting standards of the following overseas countries and regions, it is undoubtedly a turnaround, and the return on investment of this acquisition is expected to reach double-digit growth. Angela explained.

"Hehe, I'm not concerned about the numbers displayed on the books and the different calculation standards of financial accounting standards, but more about whether I can make money at real value!" Arthur laughed, looking at Angela with bright and sharp eyes.

"Yes, and as we understand it, WWU's profit last year was £252 million, but its gearing ratio makes it still net debt. Angela said in a very affirmative tone.

"Hehe, just make money, the books don't matter, we just need to pacify the bank, to turn the loss-making assets into profits, we need scale effects, we have natural gas power plants, and even let the coastal company continue to run on the road of mergers and acquisitions, our natural gas has such a big customer, I believe, soon can turn losses into profits."

And after turning a profit, we can also sell some assets at a high price to earn a profit on the spread... The more Arthur spoke, the clearer and more organized he became.

Angela is more and more proficient in the operation of the capital market for her young boss, and the acquisition of energy assets with a business vision, is also a sincere admiration, how long has it been, a complete business management novice, has become a real businessman, Angela is really feeling that Arthur's growth is too fast.

"All this has to wait until the acquisition of those three wind farms is completed, now we can only prepare in advance, by the way, Angela, how is the acquisition of the twenty local newspapers progressing?" Although Arthur is very much looking forward to the day of becoming a new energy tycoon as soon as possible, he also knows that it is useless to rush many things.

"I thought you forgot about it, boss?" Angela complained in a rare sneer, which made Arthur shake his head a little helplessly.

"How could I forget, I just trust you very much, and I know that you will handle it, after all, I am too busy during this time... Arthur said and laughed a little embarrassedly, although he was indeed very busy during this time, but it did not delay his date with the little queen of the country, and the tryst with Emily Shaw appeased Jiang Lai, who overturned the vinegar jar.

Hearing the pale quibble of the young boss, Angela also shook her head helplessly and chuckled: "The negotiations of the 20 families have been completed, and now there is a shortage of bosses for you to sign and pay, according to your requirements, they are all small and medium-sized newspapers distributed in the towns, not newspapers in big cities, and it will cost a total of 24 million pounds." “

"Hehe, an average of £1.2 million a house, the price is not bad, the business model of the newspaper may be outdated, but the content itself is not. Whenever a consumer wants, it's important to know that it's local, trustworthy. These newspapers' well-established editorial teams and local brands are great assets.

Angela, I'm sure you haven't had a systematic account of how much cash flow these 20 newspapers generated last year, right?

You've been very careful about buying these newspapers later!" Arthur teased with a smile.

"Well, I did calculate that these 20 newspapers generated a total of £28 million in cash flow last year, and the purchase price of $24 million, which is really cheap. Angela nodded and replied seriously.

"Hehe, so this kind of local xing newspaper is a monopoly xing company with a very high competition threshold, usually only one is needed in each place, and it is difficult for competitors to squeeze in - because the market capacity is too small, even if you pay a high cost to enter, the rate of return will be very poor. In any case, newspapers still maintain their hegemony in delivering local news!" said Arthur with a happy smile.

"However, boss, your purchase of the newspaper will definitely surprise many people, especially now that the newspapers have fallen to such a point, many people will question the use of buying it, and it may be exchanged for a lot of ridicule. Angela joked.

"The most famous phrase ... That's right, it's greed when others are afraid. Arthur said seriously: "The real fear is not that a stock is falling by a few tens of points, or that the market is in a cycle, but that fear that comes from looking desperate."

This is the case in the newspaper industry, where critics around the world believe that newspapers are doomed, advertisers are slashing their advertising budgets, and new media is increasingly taking up consumers' time, and even many newspaper practitioners consider it hopeless. This is the time to really pick up a bargain, but only if you have a good eye.

And I, with that vision!"