Chapter 33: Don't Be Afraid, Keep Going (2)
The promotion of Betty is obviously Contini's money-buying behavior, but another sentence surprised all the managers, Contini once half-jokingly and half-seriously said to Betty during a high-level meeting: "Vivian has adopted a child, I am the godfather of this child, and my name is also Betty, I really hope this child will be as capable as you in the future......"
Vivian suddenly adopted a child, Contini became a godfather This is very exciting news in the small circle, many people are speculating about the relationship between Contini and this child - everyone is not stupid, Vivian disappeared from IBC for more than half a year under the pretext of preparing his graduation thesis, and after coming back, not only did he gain weight, but also suddenly had an adopted daughter, and what is even more strange is that this adopted daughter also recognized the president as a godfather, as long as the IQ is not less than 90, people can guess what happened, but guess, no one dares to ask the truth.
There are also people who privately fight for Wei Wei'an: Such a beautiful girl, I feel sorry for her, how can the president be so ruthless? But two days later, after hearing that Vivian had 400 million lira shares in his name, he didn't say anything about itβnot everyone was willing to shell out such a large sum of money.
As if it had been discussed, a few days after Vivian's return, Adriana asked for leave from the IBC again, and broadcast it on the radio, saying that her mother was seriously ill and needed to be accompanied, and she had to leave for a while - she had officially graduated, but she didn't dare to find an excuse to write her graduation thesis, and soon disappeared from the public eye - Antonio and Leo and other cronies knew what she was doing, and after a while she had to prepare a stake for her, and a bowl of water should be leveled. Besides, more than 400 million lira is nothing, and now the total assets of the United Group have exceeded 14 billion lira, but the debt ratio and loss area are a bit high, the net assets are less than 6 billion, and the debt ratio exceeds 57%.
Therefore, on the eve of the economic work, the United Group made an exception to hold a financial meeting, at which both Leo and Antonio advised Contini to reduce expenses, reduce projects, and balance the budget.
Antonio persuaded from the flow of expenditure: "Young master, you have formed an oil guard, and so far you have not generated a single lira of income, but the annual salary of more than 2,000 German officer corps alone needs to spend 9,000-95 million lira a year, counting their consumption of food, clothing, housing and transportation, at least 120 million lira a year will be prepared, which is a pure deficit; Roman guards and other military expenses, at least 400 million lira, this is a purely loss-making project - I haven't even counted the special cruise ships you plan to installment for 4 years;
You have acquired the shares of the aircraft factory, the tank and armored car factory, the gun factory and the Bereda company, and the invested funds are nearly 2 billion lira, even if these funds do not take into account depreciation every year, the financial expenses alone are equivalent to 100 million lira of interest, and their own operating expenses will have to be borne by us from next year, I went to take a look, except for the Beradar company, the situation is okay, everything else is in a state of loss - there are not many orders at all, and you have to pay for these aircraft factories, submarine factories, gun factories, I was shocked to find out that the military investment would soon exceed 3.5 billion lira β almost equal to the total military spending of the German Wehrmacht, of which the loss would be more than 800 million lira β only tangible losses, not counting depreciation and other management costs that would slowly wear out.
After all, we are a company, a conglomerate, and it is feasible to have a little military strength to protect ourselves, but it is completely impossible to toss more than 10,000 troops like you, and invest the equivalent of the entire military expenditure of the German Wehrmacht - don't you really want to build the fourth largest armed group in the Mediterranean? Some things can be played with, but if they are big, they are politically and economically disadvantageous! Even if you care about the country, I don't say anything if you donate 200 million to 300 million lira a year to the army and navy, it's better than investing 3.5 billion lira yourself and suffering a loss of 800 million, right? β
"This money can't simply be donated to the Army and Navy, the Army and Navy still have an account there, the Navy has approached me, and they want to dispose of Dante to us after October this year, so we must leave a budget."
"How much?"
"At least 80 million lire, maybe some more will exceed 100 million."
"It's too much, the big family can't stand such a toss, the navy is like this, you don't mean you can't do it in the army, right?"
Leo persuaded from a financial professional tone: "This year we have completed the project investment of 3.7 billion lira (excluding the part of mergers and acquisitions), and next year we will invest 5.6-6 billion yuan in construction projects according to the strategic planning needs, if the new military expenses alone exceed 1.5 billion, I am afraid that the total amount of loans will exceed 7.5 billion, and after deducting the possible loss of 1.5 billion lira, the balance sheet will become very ugly, because at present, except for the United Motorcycle, which has a profit of 1 or 20 million lira, there is no profit at present." β
"Aren't movies and IBCs profitable?"
"Judging from the books alone, the movie and IBC are profitable, but don't you forget, in the first place, for promotion, our radio was almost given away for nothing, and this account should be amortized, right? Also, you went to Germany, and it was said that you had to print 300,000 books for someone, and you had to send them to Germany for free, and the printing and shipping costs were enough to eat up the film's profits......" Leo said unceremoniously, "so I turned their accounts into a negative number, and Dr. Goebbels fully agreed!" He is still racking his brains to figure out what good movies to make this year to make a little bit of profit, and he is trying very hard to balance the accounts, at least not to lose money! He doesn't have a single lira in the company, but he's very concerned about his losses and he's trying to make them back, but you don't care about it yourself β it's all your money. β
"Goebbels is good, the commendation meeting can give him an advanced rating, and this year he has performed very well - how about the President's Special Award?"
"You!" Leo is furious!
"Just kidding, don't be angry...... Don't talk about the process, tell me the results first......"
"As a result, the balance sheet will show that the total assets of the United Group will exceed 20 billion lira by the end of the year, but the net assets will fall to only 4 billion, and the debt ratio will exceed 80%, entering an extremely dangerous period."
"Leo, you're overthinking, not as serious as you think." Contini patted his head, "I came back and forgot to tell you one thing, I sold 10 points of Algerian crude oil shares. β
"Sold to whom?"
"A lot of people!" Contini recalled, "The German royal family, 3%, 15 million; Belgian royal family, 2%, 10.4 million; Dutch royal family, 1%, 5.4 million; Greek royal family, 1%, 5.5 million; The Norwegian royal family, 1%, 5.5 million ...... And then there is the Italian royal family that you know, 2%, 10 million, the Pope 2%, 10 million! Does this money count? β
Leo's face softened: "That's not even counting, it's not just 10%, it's 12%, and the overall can be exchanged for more than 1.1 billion, less than 1.2 billion lira." β
"So my balance sheet is different from yours...... Contini spread his hands, "the so-called loss of 1.24 billion lira this year, I have made up for it, if I have to say that it is still a little worse, then sell another 1% - the Swedish royal family is still talking here." β
"When you came to the agreement, we don't know."
"It's the reaction to our development project being rejected by the French government...... "Originally, after four consortium acquisitions, our total stake was 59%, and after selling 12%, after deducting the shares of leaders and others, our stake was 46% β I still have the initiative." β
"But why did you sell it? Didn't you say that it would swell to a valuation of 800 million or even 1 billion after listing? You are selling it for a little more than 500 million now, you are killing chickens and taking eggs! β
"Because I need money, more money to keep the remaining 46 percent, do you know what the oil guard is for? Do you know my determination to part ways with the French government? Contini tapped on the table and emphasized, "The 3.5 billion lire, equivalent to a year's military expenditure of Germany, is what I used to warn the French, don't force me, I'm not easy to provoke, and I will support the Algerian independence armed forces in minutes, isn't it just a matter of 1-20 million dollars?" I'm going to make the French weigh it off, and I'm going to grab that 5% more oil from me or I'm ready to pay the price of the Algerian rebellion! β
"Crazy!"
Antonio and Leo were dumbfounded!
"Do you know why I'm hiring Germans? In Libya, they may not be able to lift their spirits in laziness, but in the fight against France, I guarantee that the Germans, who have just been holding their breath in the Ruhr, will burst out with the most fierce passion! β
"I see, why do you know that the Italian Army is going to send 2 divisions to Libya and still have to form an oil guard, and an organization is the size of a brigade, have you already thought about it?"
Contini did not deny it, only emphasized: "I repeat, I don't want to go to war with the French, but if they force me, I'll accompany you!" Why don't you just spend tens of millions of dollars to play...... This president can afford it! β
Antonio shook his head speechlessly: the young master is going to play the dangerous brinkmanship of the Greek question again.
"Selling shares to the royal families is, on the one hand, to recoup the funds, and on the other hand, to let them send a message to the French government to remind the French not to misjudge the situation." "I believe that the French government still has politicians who are knowledgeable about current affairs, and they can think about it, what is the attitude of the British on this matter?" Do the British want the French to help me get rid of the Algerian oil monopoly, or do they want me to confuse the situation in Algeria and let Great Britain reap the benefits? β
"Only by staking the 3.5 billion lira can I keep the remaining 46% of the shares - or worth 400 million US dollars, or 300 million, and the credibility of the United Group will work, otherwise, as long as the French government succeeds in suppressing us, everyone else will come up with the same gourd, will it be able to keep it then?" "No matter how you persuade you, the 3.5 billion lira must be invested, Dante will be bought, and Ida will be built." Not only that, but United Aviation will also be expanded, front-line airfields will be set up in Benghazi and Tripoli, and new F1 fighters and bombers will be deployed in front, and I want to see what planes and people the French send to Africa! β