055 Reduction of holdings and cash-out
The next day, Qian Feng received two phone calls. One was called by Director Wang of the Municipal State-owned Assets Supervision and Administration Commission, saying that the plan of the Municipal Rural Credit Union was discussed and approved, and it would be sent to the city today.
"There's nothing I can do at the municipal level, it's up to the city to make decisions. Director Wang said on the phone.
"I understand. Qian Feng responded,
"The decisive role in the city is Mayor Wang Zhengji, and I heard that Mr. Qian has some dealings with him. ”
"Yes. Let's keep communicating anyway. Qian Feng admitted.
Another call was from Mr. Hu, who asked Qian Feng to do market value management last time from Mr. Hu, a listed company 005555 the city, and wanted to ask him to communicate again.
It seems that this Hu is always in a hurry. Indeed, if he intends to reduce his holdings and cash out during the lifting period, the market needs to seek measures as soon as possible, and it is only four months before the lifting of the lockdown period.
Qian Feng agreed, saying that he was in the provincial capital, and he went directly to his company to meet him during work hours in the afternoon.
"Waiting for you. Mr. Hu said politely on the other end of the phone.
At noon, I went to the office and invited the research team led by Xing Jimei to have a meal together, discussed the work with everyone, and sorted out the work ideas and methods. Qian Feng has been the best analyst of New Fortune for two consecutive years, and this glamorous resume is still enough to calm them, you must know that the best analyst of New Fortune is equivalent to the Golden Rooster and Hundred Flowers Award in the film and television industry in the industry.
After eating, let Xing Jimei bring the graphite industry research report used to 003826 the development strategy meeting of listed companies last weekend, and began to leave for Mr. Hu 005555.
005555 in the suburban economic development zone, it took nearly two hours of travel time, and Mr. Hu was waiting for Qian Feng in the office.
"Mr. Qian is dignified, so he should be equipped with such a beautiful secretary. After Mr. Hu and Qian Feng finished greetings, they played haha with Xing Jimei again.
After gossiping, this Mr. Hu was not ambiguous, and went straight to the point, it seems that he is indeed a simple businessman.
"Mr. Qian, let's not talk about market value management anymore, it's virtual for me, and you have broken my mind, you really want to reduce your holdings and cash out. I have 30% of the total stock and want to reduce my holdings by half. ”
Qian Feng smiled, from entering this company, it can be seen that if this is not a listed company, the entire factory will not be able to sell 10 billion, and he doesn't want to cash out.
"Mr. Hu just wants to reduce his holdings, so why bother looking for me. ”
"The last time we met, Qian always said, how can such a large reduction be so easy to operate. Mr. Hu made a bitter face, "First, I just want to have a good stock price and cash out more, and second, I still have 15% in my hand, and I also want to maintain the stock price." ”
"What kind of stock price expectation does Hu always have?" asked Qian Feng.
"According to the current stock price, the total market value is 8 billion, I want to reduce my holdings by 15%, and when I cash out, I should not be lower than the current stock price, and I will be satisfied if I can not fluctuate much in the current stock price after cashing out. ”
Qian Feng smiled, "Mr. Hu's psychological expectations are not high." ”
"I also know that our company's P/E ratio is more than 20 times, and it is also considered to be in the middle of the machinery industry, and it will not have a too high P/E ratio in this traditional industry. "Mr. Hu can still see the reality clearly.
But Qian Feng can give him more, "According to Mr. Hu's expectations, he will be satisfied with cashing out 1.2 billion." What if I can get Mr. Hu to reduce his holdings by 15% and cash out 2 billion?"
"Of course, who will have trouble with money. Mr. Hu was very happy to hear it.
Qian Feng smiled without saying a word, looking at Mr. Hu.
Yes, since you won't have trouble with money, then you make an offer.
Mr. Hu was happy, and naturally understood that he should make a statement, "If money can always help me do this, I am willing to give you half of the extra 500 million." ”
Qian Feng didn't respond positively, and didn't hurry to take his time, "Mr. Hu didn't ask how to do this." ”
"Please advise Mr. Qian. ”
"It's going to be done in a way and it's going to be done in a step-by-step way. Qian Feng said lightly, "First of all, we have to raise the stock price, and when the lifting period of four months comes, the stock price will more than double the increase." The method should be combined in three aspects, one is to use real money in the stock market to support the stock price; the second is to continue to produce good news, such as disclosing the annual report with a large increase in forecasts, high dividends and high transfers, pushing employee equity incentive plans, foreign mergers and acquisitions, high-quality asset injection, major breakthroughs in new products and new technologies, etc.; the third is to let popular brokerage analysts recommend buyers to analyze the report, and publicize the company's growth value and investment value in the media. ”
Mr. Hu nodded while listening.
"Then it is to reduce the holdings, Mr. Hu can not sell 15% of the lifting of the ban on stocks in the secondary market of the stock market, firstly, the market cannot afford it, and secondly, the policy does not allow it, you can sell a little, most of which have to be cashed out by means of block trading. ”
"I know this, the question is who will take over my big deal? They are so ghostly that no one will take over the current stock price, let alone the stock price after it has doubled. Mr. Hu asked.
Qian Feng still didn't respond positively.
"There are three objects for block trading, one is public institutions, the second is private equity funds, and the third is securities companies. The volume of 15 percent is relatively large, and the large transaction should be combined with these three objects," Qian Feng continued, "If the public fund takes over, the profit and loss are the money of the people, but as long as the fund management manager makes money, it is not impossible to take over; private equity funds do not dare to lose money, but they can do it so that they do not lose money, and when they make large transactions, they can make a large discount, and then sell them on the secondary market; the brokerage companies are to earn brokerage business, and they also have their own direct stock investment, which is used to carry out margin financing and securities lending. You can entrust the equity to a certain brokerage, and conduct large transactions from the channel of this brokerage, they have a lot of commissions to earn, and they will naturally help to take over. ”
Mr. Hu continued to listen and nodded.
"Of course, there are other ways to make money for him. Moreover, reducing holdings and raising stock prices should be well combined, with a plan and a step-by-step process. Qian Feng added.
Mr. Hu smiled self-deprecatingly, "I understand, the problem is that I don't have these resources, I can do good news, and there is nothing else to do." ”
He has no resources, but Qian Feng has resources, at the beginning, Qian Feng left after 5 years in a securities company, and naturally got acquainted with some people in the interest chain in all aspects, and some people invited him to be an investment manager, a partner or something, but he chose to go it alone, although he had little contact later, but to this day, it is not impossible to pick up these resources.
Moreover, since it is a resource in the chain of interests, as long as the interests are there, it is easy to pick it up.
When I returned to my hometown, at first I didn't want to sell myself at a cabbage price and didn't go to them, but now it's different, I have laid a solid foundation, I have my own private equity investment company, I have a listed company under my control, and maybe, I will have a bank next.
Now it's time to pick up these resources.
It depends on how much Mr. Hu is willing to pay for this resource.
The reason why these resources are used to do this so-called "market value management" business and let them take over and reduce their holdings is that they want to avoid themselves within the red line, and second, they really don't have the billions of abundant funds to take over.
Note: The major shareholder reduction in this chapter is inconsistent with the current regulatory policy requirements, and the novel only describes the cash-out method, and does not consider the specific figures. Speaking of ugly eating appearances, Big A's company with the Lu family is a typical one.