Chapter 84: Sprinting to the Crisis (5)
But now that the stock market is too good, Wall Street tycoons are not satisfied with arranging the listing of United Oil and United Bank, and also hope that Contini will come up with more listed assets, this time they are eyeing two companies, United Motorcycle and United Real Estate.
Contini was also surprised that United Motorcycle was very small, with assets of less than $20 million, and although the scale of United Real Estate was larger, United Real Estate had no unique advantages - it was purely a real estate company, and such a company was easy to imitate.
But the tycoons don't see it that way, in their eyes, United Motorcycle and United Real Estate are the products of the United Group's real contact with the market and independent of administrative and political background, in other words, these two are truly market-oriented products. Although there are not many United Motorcycle assets, they believe that the profit must be very objective, because until now, United Motorcycle is still order-based production, and each product has a schedule, of course, it is not as crazy as before, the factory only carries out one shift production, because the waiting time is nothing more than a few days to 2 weeks, and there is no need to work overtime in three shifts, but recently a large number of joint forces have returned to the factory for repair to make the factory production line busy for a long time.
This is a remarkable feat, most of the other company's products are piled up in the warehouse in the dealership, hoping to sell it as soon as possible, usually with as little as 15 days, as long as 50 days of account period, similar to United Motorcycle, this kind of direct sales (Italy through United House sales), foreign distribution cash settlement of good products is really not much, especially after United Motorcycle launched the elegant women's version of the motorcycle, it is very popular in the American market - American girls are proud to ride this motorcycle.
What's more, there is no imitation of this kind of motorcycle in the United States: companies that have the strength to imitate and can ensure quality are afraid of lawsuits, and the president can never be soft in lawsuits, which is enough under the American judicial system; It doesn't matter if the imitation products of the company that are fighting the lawsuit can't catch up with the elegance and quality of Italian products, after all, Italy is famous for its women's fashionable products, so investment bankers feel that it is a pity that United Motorcycle is not listed - such a small-cap stock can speculate the price to the sky, and it doesn't matter if the price-earnings ratio is set high.
As for United Real Estate, purely because the company has established the image of a middle-class brand fashion residence in Italy is too deeply rooted in the hearts of the people, and now in addition to the high-end villa market, the low-end bungalow market is the image of United Real Estate is the most distinct, the most elegant, and most suitable for the taste of Little Bourgeois, this sense of superiority that penetrates into the bones is not repellent for a while, and many investment bankers have also paid attention to the Mall under United Real Estate, which is a new design of entertainment, shopping, culture, Leisure and even social places in one have greatly stimulated the vitality of the whole community, coupled with the supporting churches, post and telecommunications, education and security systems, with urban rapid rail transit strung together, the continuous development of residential communities now has a new term - satellite city.
They think that this is a new development ecology, United Real Estate is not simply developing houses, he is building new cities, but unfortunately this method cannot be used in the United States, because all public utilities in the United States are controlled by different groups, and it is very difficult to achieve the separation of interests, unlike Italy, where it is easy to build new cities: the roads and public transport system are the business of the Ministry of Transportation - the president's father is in charge, the light rail, electricity, water, post and telecommunications are provided by the United Group, and the church has a cooperation framework agreement with Continy. Education is sponsored by the United Group.
In the final analysis, when capitalists do their business, they like this kind of system where all power is vested in the party and a red-headed document can get things done. You see that the new area created by the president is neat and beautiful, from the purchase of land development, operation and sales to the later housing mortgage, occupancy, maintenance and even living consumption, all one-stop charter for you, you just need to earn enough money to buy! Don't have enough money? More loans, anyway, the real estate in Milan, Rome, and Genoa will always rise, so you can see if you want to get in the car or not. How many people do you think in the United States? More than 100 million, but there are more than 9 million square kilometers, Italy's population is one-third of the United States, less than one-thirtieth of the area, the population density is 10 times higher, and now the leader has engaged in family planning to encourage more children, and the density will only be higher in the future, why not hurry up and buy a house?
Who does this system depend on, on the full planning of the elite designers, planners and actuaries of the United Group, on the political forces behind the group, and on the parliament, the people, and the general intellectuals? Let's talk about it first, anyway, the president himself admits that "paying some tuition" is nothing, how can there be a revolution and construction that does not take detours and does not pay tuition?
Compared with these two market-oriented companies, in fact, the United Bank is not a market-oriented enterprise, more than two-thirds of his main business depends on the United Group, not so much a huge commercial bank, but rather the financing channels of the United Group, the risk is closely linked to the United Group, and the plate is too big, the rise is not very moving, now the stock price is 2.5 US dollars, the market value has exceeded 800 million US dollars, and doubling means that the market value will reach 1.6 billion, which is a very shocking number.
As for the two oil companies, although the business does not need to rely too much on the United Group, the security and other political risks are all placed on the United Group, the Algerian mine belt and the attitude of the French pinching their noses in recognition of the Americans are well aware, Libya has not eliminated the clean guerrillas so far, and the price of crude oil fluctuates greatly due to political influences, which will bring violent shocks to the stocks, so it cannot be regarded as a fully market-oriented enterprise.
Of course, there is no problem for ordinary investors: Union Bank is the bank with the lowest bad debt rate and the best profit margin in Europe, the Algerian oil field is the second largest oil field in Europe (after Baku), and the Libyan oil field is the fourth largest oil field (after the Romanian oil field, it is said that there is hope of surpassing it), considering that the Baku oil field cannot be securitized, this scale and ranking will have to go up a little further, can you recommend it without vomiting blood? Buy-in, of course! Buy! Re-buy!
"What do you think of this idea?"
Francisco mused: "I think it is okay for these two companies to go public, but these two companies are not too big, so the shares cannot be so dispersed, even after the public offering, we must find a way to ensure that we have more than 50% of the controlling position." ”
Contini quickly calculated: United Motorcycle is currently valued at $20 million, Wall Street promised to help him get $30 million, United Real Estate is $50 million, Wall Street thinks there is no problem to get $80 million, so it adds up to a total valuation of $110 million, and half of it can get back $55 million of funds, although it can't be compared with Union Bank and Union Oil for hundreds of millions at every turn, but it is also a huge amount of money - at least the cost of 2 Veneto-class ships is stable.
"In addition to the considerable market capitalization, it is more convenient for us to form close ties with major consortia after securities, and it will not be extremely embarrassing to withdraw funds in the future." Francisco reminded, "If we are convinced that there will be a terrible collapse in the future, we can buy it back...... The United Group is a responsible, world-class consortium. ”
"Okay, then let's agree to do this."
On April 24, Contini signed the listing agreement of the two companies on behalf of the United Group, which is intended to be completed before the middle of next year, and the introduction of mainstream American consortia as strategic investors in the second half of this year - in fact, these two companies are not short of money, and these strategic investors will come to raid the shares in order to cash out in the future, but if they are not allowed to take shares, then the future listing speculation will not be speculated. Contini is already familiar with this principle, and only when everyone is crammed into a trench can they make a fortune together.
As for the United Group, just wait for the trenches to be covered by artillery fire, and the rest of the matter, the unprecedented crisis will help the whole world to complete the cleansing......"