052 Market Cap Management
Qian Feng explained to Director Wang the idea of writing off non-performing loans as a condition for introducing strategic investors.
"Well, that's a brilliant way. Director Wang patted his thigh, "My brother is really an expert and has a vision." In this way, it will not only fully embody the solution to the crisis, but also make the Municipal Rural Credit Union regain its vitality, and such a plan will be brought out, and we will have unanimous support within the SASAC, and the probability of the city's discussion and adoption is also large. ”
"However, the other 3 billion yuan will have to be paid by your SASAC and other existing state-owned shareholders. Qian Feng said with a smile.
"If it is a simple subsidy to make up for the losses of the Municipal Rural Credit Union, you can't pay a penny, but this method, the Municipal State-owned Assets Supervision and Administration Commission can justifiably ask the finance, or through the city's investment and financing platform. Director Wang said, "The same is true for the existing shareholders of other municipal departments and county and district governments. ”
"Okay, then I'll send the plan to the SASAC the afternoon after tomorrow. Qian Feng said.
The Municipal State-owned Assets Supervision and Administration Commission is settled, and then it depends on the discussion and decision-making in the city, and the key person in that area is Gao Zhengji, the mayor of Taiji. Of course, there is also the most realistic problem, that is, Qian Feng must get 30 billion.
......
At this time, it was getting late, and the three people who were entertaining in the chess and card room also came to the small private room, and several people had dinner together, Qian Feng left, and the remaining Director Wang and the four of them continued to play mahjong in the chess and card room.
"You give Director Wang a few more shots and lose some money to him. Qian Feng called his brother aside and whispered.
"I know, do it. The elder of the family smiled weirdly.
Qian Feng returned to the apartment and made the commercial restructuring framework plan of the Rural Credit Union overnight.
After staying up late, Qian Feng slept until near noon the next day. The apartment is now used by him alone, and Hao Zhongren's piece has been moved to a new office location with his brother's administrative stall.
As soon as he got up, Qian Feng received a call from his brother, asking him if he wanted to attend a dinner.
"What dinner?" asked Qian Feng.
"That's right, it's the original major shareholder of another listed company in our city, 005555, who came over with a relationship and wanted to communicate with you. My brother replied on the phone.
"Did you say something?" Qian Feng asked again.
"No, the other person is in the county right now, and he wants to invite you over, do you want to excuse himself?"
"Why are you shiying?!" Qian Feng smiled, "I'll go over now." ”
Hanging up the phone, Qian Feng cleaned himself up and came to the hotel according to the location informed, in addition to the elder brother of the family, there were two other people in the box. ”
Everyone introduced each other and exchanged business cards. The two people who met with Qian Feng were Mr. Hu, the actual controller of the 005555 and the major shareholder, and the other was the secretary of the board of directors of their company.
Everyone greeted each other first, and after eating for a while, Qian Feng saw that the prelude was almost over, so he directly asked the other party about his intentions.
"Mr. Qian is quick to speak, then I will also say it bluntly, our city wants to find your investment company to do market value management for us. 005555 Mr. Hu smiled and said.
"Why did you think of looking for me?" Qian Feng said in a casual tone.
"Mr. Qian was the best analyst of New Fortune, the top fund manager in the market for three consecutive years, and has a very high attainment in the field of securities. This Mr. Hu said politely, "Moreover, I heard about Mr. Qian's purchase and merger of the Wu family's listed company, which is really a stroke of genius." ”
"Then Mr. Hu is not worried that I will buy and merge your company?" Qian Feng joked.
"Don't talk about it, I really hope you can take a fancy to my company. ”
Although he didn't ask his brother in detail, Qian Feng understood that this person must have known about him through a shareholder of the investment company, and then came to the door.
Qian Feng smiled meaningfully, "I'm afraid, what Mr. Hu wants to do with me is not market value management in the real sense." ”
005555 Qian Feng knew that it was one of the three listed companies in the city, and the other two, one of which was a 003826 that he had acquired and merged. But 005555 is different, do the traditional machinery, although it ranks second in the subdivided industry, but in terms of market share, brand ability, profitability, gross profit and other aspects and the industry boss gap is very large, plus the traditional machinery industry is basically in a period of recession, the business situation is difficult.
Although they are all listed companies, such a company cannot be compared with the 003826 of their own mergers and acquisitions, 003826 thanks to Mr. Wu's down-to-earth industry, it is a real high-quality investment asset on the stock market, it can only be said that it was discovered in advance by himself, and he took it in time, or else, sooner or later it will be the prey coveted by other value investors.
Now, even if there are other investors coveting it, it is impossible to be bought and acquired, and his first largest shareholder and Wu Shanshan's second largest shareholder together account for 47% of the shares, and they have formed an absolute controlling stake.
Even, 005555 is suspected of false packaging and fraudulent performance. Because, its operating income and profit at the time of its IPO included a large number of related party transactions, and its gross profit margin was much higher than the industry average.
However, this is not what Qian Feng wants to pursue, since they have been listed, as long as they do not break out, they are a normal listed company.
"Is there a real difference between market value management and non-real market value management?" Mr. Hu asked Qian Feng with a smile.
"Of course, the real market value management market starts from the development strategy of the enterprise, focuses on improving the value and ability of the enterprise, and then positively reflects the reasonable value of the stock, and promotes the common growth of the stock price and the ability of the enterprise. Qian Feng explained.
Mr. Hu looked a little embarrassed, "I have been taught, I am a businessman, and my professional understanding of securities is limited." But I understand what you're saying, and it's better to let the company's stock price go up. ”
Qian Feng was disdainful in his heart, his positioning for himself was a businessman, not an entrepreneur, it was conceivable how far his 005555 could go, and of course his purpose for finding himself would not be simple.
"It's different, Mr. Hu's starting point is to maintain the stock price, or let the stock price rise. Qian Feng smiled slightly, "As far as I know, your company was listed two and a half years ago, and in a few months, the shares of you, the original major shareholder, will be lifted from circulation, I don't know, does Mr. Hu have any plans to reduce his holdings and cash out?"
"Mr. Qian is really a master. Mr. Hu said while pouring wine for Qian Feng, "I haven't said it yet, I can see through my mind at once." Indeed, I have plans to reduce my holdings, and to be honest, if I reduce my holdings and cash out half, I can set up a company of the same size, you say, will I have this impulse? ”
Then, Mr. Hu was afraid that he would reduce his holdings as soon as the ban was lifted, which would not only attract criticism from the market, but also lead to a sharp drop in stock prices. Qian Feng directly pointed to the other party's key point, "The reduction of the original major shareholder also needs to be announced in advance, I'm afraid, before the reduction of the holdings, the impact has already come out, and when the time comes, there will not be much if you want to cash out." ”
"Admire, admire!" this Mr. Hu looked surprised, "Mr. Qian has seen through all my thoughts, it seems that I have really found the right person in the city, I don't know, just these things, can I rely on Mr. Qian." Anyway, if Qian is willing to help me, I will definitely have an ideal reward for you. ”
"Besides, please let me think about it, after all, this is an act of suspected manipulation. Qian Feng said.
Qian Feng really needs to consider whether it's worth it. Looking at Mr. Hu, he is simple and direct, and he is much easier to deal with than Director Wang and Gao Zhengji of the Municipal State-owned Assets Supervision and Administration Commission.
Whether it's worth it or not, it also depends on the price code offered by the other party, and he takes the initiative to point out the other party's intentions and thoughts, that is, to have the effect of taking the lead, and finally hold it down, and wait for this Mr. Hu to be impatient.
After Qian Feng finished speaking, he gave Mr. Hu a glass of wine in return, and then said goodbye to end the meeting.