"It's a little too much. Yao Shuliang showed a disagreeing expression on his face: "What we can be sure of for the time being is that there is a capital doubling offer to acquire a financial license, multiplied by the valuation ratio, and then counting the medium and long-term price increases, under the offset of the two, the coefficient above 2.0 is more suitable, and it cannot reach 3.0." ”

"Personally, I feel that 2.5 times this number is enough. Lu Chang's face really changed, he regained his gentleness, and said, "Arnold, if you don't want to think about it again." ”

"I think it's already more than 2 times, and the affiliated companies that have been listed have only risen by 5%, Arnold, your idea is a little out of reality. Chen Man was also pale and spoke.

Wang Nuo shook his head and said, "I think that if Mutual Fund A takes the middle line, 3 times still has a chance to be reached, so I refuse Manager Ling's 2.5 times acquisition." ”

The investment targets of Mutual Finance A are those Internet financial companies with a valuation of tens of millions to 200 million, and the common denominator of these companies is that they all hold financial licenses, and they have only expanded their layout, and their most valuable ones can be said to be financial licenses.

Now the capital is doing the business of speculating on licenses, and the capital that has entered the market has to close the door, raising the entry threshold for latecomers, plus it has already grabbed a similar market share of Internet finance, coupled with the optimistic scale of market transactions in the later stage, suddenly, large enterprises are okay to say, and the valuation of small and medium-sized enterprises has soared.

The financial license or small and medium-sized Internet financial enterprises as the subject of the transaction, in fact, the market is not large, since the market is not large, price control and speculation have become a reality.

This is the origin of 2.5 times, Zhou Minghai and others are not vegetarians, when the news is no longer a secret, they already know in the afternoon that there is a capital that wants to enter the market to buy the target company at a high price.

"Taking the third-party payment license as an example, there are more than 200 in the market now, and Internet finance is inseparable from the third-party payment license, but this market will be trillion-level, so the capital promotion policy, closing the door and raising the entry threshold are just early methods, empathy, we can easily infer their other moves, such as ......"

"Hoarding licenses!" Wang Nuo snapped his fingers, which was actually easy to guess.

If you need a vegetable planting license to grow vegetables in China, and then there are only 200 licenses in the whole of China, then the 200 capital forces that have already obtained this certificate will close the door to the issuance of vegetable planting licenses on the policy side, and they can dominate the entire vegetable market.

In addition, 200 vegetable farmers will also open a trumpet, get a vegetable planting certificate by themselves, and take another small one, anyway, how many certificates they get, how many competitors there are in the vegetable market, this is a Chinese-style trust.

"Success is just a probability. Lu Chang shook his head, but he was a little moved by Wang Nuo's words.

"So now it's a multiple of 2.5 and 3.0, and if the probability of success is 100%, this multiple may not be enough. Wang Nuo said with a smile.

Success is a probability, and this probability will be reflected in the price, whether it is 2.5 or 3.0, it is actually an investor's comprehensive view of the market.

However, Wang Nuo is sure that the official transaction scale of the Internet financial market in the first quarter exceeded 150 billion, which means that the probability of success of the entry capital has been improved.

Moreover, Wang Nuo made this decision with other purposes, just seeing that Lu Chang and Chen Man had returned to their normal attitudes, it was enough to see that this decision was right.

Wang Nuo knew that because he refused Ling Ziming, the research team was made a small trip, which increased everyone's workload, and colleagues inevitably had some opinions in their hearts.

However, this opinion is also based on cognitive differences, Chen Man, Lu Chang and others believe that the cost of avoiding the incident is almost non-existent, and Wang Nuo can use this decision to tell them that this matter is inevitable and the cost is very high, so the nature of the matter has changed.

For example, if your bubblegum is stolen, you call the police, and the police come to record a statement, everyone thinks you are doing something, but your diamonds are stolen, and it is understandable for you to call the police.

Wang Nuo is now making a similar decision, he has to tell his colleagues that Ling Ziming wants not a bubble gum, but a diamond, or a bubble gum-shaped diamond.

"I still think 3 times is a bit exaggerated, but ......" Lu Chang really changed his attitude and said: "I agree with your method of cleaning up the old baldness." ”

"That guy is going to be. Chen Man also said with a smile: "The trading volume of mutual fund A fund contracts during this period of time will never be too much, you can just bid to make trouble, and it is feasible not to trade." ”

Yao Shuliang also smiled very thief, and said: "Anyway, the transaction of the fund contract takes time, let's delay it, if the net value is over 2.5, even if it is for the old bald to make trouble, if the net value is not above our opening price, then delay it for a while." ”

Yao Shuliang and the other three people were not pure white rabbits, everyone laughed and came up with ideas, but obviously, they all knew what Wang Nuo meant.

Lao bald, you stumble on me, I will raise the price, you think 2.5 times is profitable, I will open 3 times the card for you to trade, if the net value of mutual gold A is really 3, then ...... At the very least, the old bald will lose 0.5 times the profit range.

It's a good way to fight back against the administration's targeting in the way of researchers.

"I still think that Mutual Fund A has the possibility of rushing to 3 times the net value. Wang Nuo shrugged his shoulders, if someone sold him the contract, he would definitely have to borrow some money to buy it, after all, if he made money but lost energy, he could still accept it.

And what Wang Nuo wants to be sure of is his other guess, that is, the energy consumption formula of the honest pen, the original law he made was the consumption generated by "subjective promotion and objective change", but with the speculation and experiment during this time, these eight words can not be fully explained.

When you buy a stock, does it affect the position of the investor who originally wanted to buy the stock? Then the change is actually double, that is, your own position and the position of the investor who should have bought the stock are reduced, but the energy consumption is only one-way.

Therefore, Wang Nuo feels that the law of "subjective promotion and objective change" is still missing or missing, and he wants to use this matter to determine a new guess.

"The total contract price of the mutual fund A fund acquired by Ling Ziming before April 1 exceeded 10,000 yuan. When Yao Shuliang went to help "snipe" Lao Bald, Wang Nuo looked at his newly written and retained handwriting, and there was a small wave in his heart.

Wanli Securities Market Department, Ling Ziming's heart at this moment was not a small wave, but was almost blown up.

"Lao Lin, you're a little unkind, we just said that you promised me to ask the investors out for dinner. ”

"What? Someone at the institute opened 2.6 times? I'll give you the answer after thinking about it. ”

"2.6 no, those people must be just raising the price, don't you believe you go and try to make a deal with them, see if it can succeed?

Ling Ziming's mobile phone kept ringing, and his anger kept burning, because after he tried to keep up with the price once, he suddenly found that the transaction price was hitting 3 times.

Ling Ziming never expected that he would just pit Wang Nuo with his hand, and he would be retaliated against, and his weakness was hit.

3 times the net value is almost a figure recognized by the internal researchers of Mutual Finance A, that is to say, Ling Ziming feels that the profit margin is that 0.5, and it is impossible to open 3 times the price even if he is killed.

Besides, if you have been in the financial circle for a long time, how can you not know the urine nature of this market, rationality or something, it does not exist at some point, this is likely to be just a malicious competition, the other party doesn't even have to do anything, it is completely fine to drag it out for a few days, but Ling Ziming does not have much time to acquire.

As long as the contract holder waits for a few days, the managers of the mutual fund A fund should stand up and explain the latest situation, and then the variables will be reduced, the information will be transparent, the price will tend to be stable, and the profit margin will directly narrow or even disappear.

"Damn, this stinky bastard intern!" Hanging up the phone, Ling Ziming suddenly regretted provoking Wang Nuo, making money is the most important thing, why should he dig a pit for others!