Chapter 1792: Strange Old Man
Many people don't know the name of the British SSL Group, but when it comes to the famous Durex, most people know that this company is the parent company of Durex Corporation, and Japan's Okamoto Co., Ltd. is also a company in the same industry.
Founded in 1929 as a combination of three words: Durability, Reliability and Excellence, the Durex brand has become synonymous with excellence over the past 70 years.
The products cover more than 130 countries in the world, and occupy a leading position in more than 30 markets around the world, accounting for more than 22% of the global condom market share of 4 billion condoms every year.
The British SSL Group has long been more than just producing condoms, its product line covers other areas, and if it is included with Okamoto Co., Ltd. under the umbrella of the charitable foundation, then Han Xuan will control nearly half of the market.
This sentence sounds a bit strange, but the share occupied by these two companies is indeed high, although the annual profit is not too high, but it is better than stable profits, suitable for charitable foundations at this stage.
Han Xuan's purpose in establishing this charitable foundation is not only to avoid taxes, but also to disperse the eggs in several baskets, so that the family can continue, so that it is necessary to acquire old enterprises that maintain their value.
Today's Han family, in the eyes of many organizations and individuals, is definitely an incomparably terrifying existence, in addition to its own strength, its high growth is also terrifying!
Because Han Xuan has a huge amount of money in his hands that is enough to destabilize a country, he can invest in almost any industry he wants to invest in, and those industries will continue to generate profits in the future, and then he can buy new enterprises.
It's like rolling a snowball down from the top of a mountain, getting faster and bigger after reaching a certain speed, in fact, the snowball effect has now been reflected, and the industries that the Han family is involved in are increasing, and the speed is very fast!
The old man has just announced that he is trying to buy FedEx and FedEx, Han Xuan has quickly taken over Time Warner, and his grandmother is also trying to hold hands with well-known companies including Chanel and Hermes.
Now the Han family has a lot of money, so much that the whole world is looking up, it is definitely a wise choice to exchange cash for high-quality corporate assets with greater growth, and the most desperate thing is that even if so many industries are acquired, the debt ratio of the Han family is still maintained at a very low level!
It's almost only about 15 percent, mainly the old man's industry, and the debt ratio of Han Xuan's enterprise is not even 4 percent.
Don't think this is healthy, but in fact it is not, the debt ratio of American companies is generally around 40 to 60 percent, and they borrow money in exchange for more room for development.
This is also the terrible thing about the Han family, with the scale of those high-quality assets, if no bank will refuse their request, the reason for refusal can only be ...... There is no money to lend to them.
If Han Xuan is willing, he can get hundreds of billions of loan funds at any time, but the profits are endless, he hardly needs loans, and companies such as stock cashing, viagra, cosmetics, ranches, and blueberry groups can bring him plenty of cash.
Unlike compound interest investments, which are similar to "playing hooligans" and do not pay dividends all year round, there are very few listed companies in the United States that do not participate in dividends, except for Internet companies in special circumstances, not because they do not want to pay dividends, but because they cannot make money.
The most famous compound interest investment company is Warren Buffett's Berkshire Hathaway, people say that it is better to buy stocks than to buy indexes, and it is better to buy stocks than to buy shares of Berkshire Hathaway, until this year, this company that does not pay dividends to the company is indeed called "legendary", and the stock price is now as high as 56,000 US dollars.
The reason why I said before this year was because Warren Buffett planted a heel in Blueberry Group, causing the stock price to fall sharply by about one-sixth, and he also called Han Xuan to complain that his previous decision not to touch technology stocks was obviously correct.
When they jointly bought ABC TV, Mr. Han bought 30,000 shares of Berkshire Hathaway and spent nearly a billion dollars, even if it fell a lot this time, it was still profitable so far.
American investors, the main purpose of entering the stock market is to pay dividends, because investors hold stocks to get dividends, generally slightly higher than bank interest returns, so the more the stock market falls, the more investors buy.
Strange to say, the American people do not like to save very much, in addition to spending money generously and not having too much savings, it also has a lot to do with the fact that the dividends of stock investment exceed the interest, and stock investment has become another form of savings for them.
Just like the Chinese investment in real estate, which created a hot stock exchange market, the losses when the stock market crash came were also more serious, and the Internet bubble crisis made a large part of the middle- and high-class families in the United States "wiped out".
The wealth flowed into the pockets of the predators, and some of them evaporated out of thin air, and those who mainly entered the Internet industry in the later stage made most of the money that entered the early stage.
The gradual development of the dividend system in the U.S. stock market, the process of increasing the dividend ratio, and the process of gradually becoming more attractive to stock market investment than bank savings, cash dividends are the most important dividend payment method for listed companies in the United States.
The proportion of cash dividends of US listed companies in the company's net income was about 30 to 40 percent in the 70 s of the 20 th century, and increased to 40 to 50 percent in the 80 s.
The vast majority of listed companies pay dividends to investors on a quarterly basis, and some listed companies sometimes have "extra" dividends or "special" dividends, which are generally targeted and have a super high level of dividends.
In other words, Han Xuan, who holds many stocks, does not only have book wealth, but every quarter he will have a large amount of extra money, which flows into the family office Interstellar Investment and Charitable Foundation, as well as the headquarters of the Snow Mountain Group.
By now, he has almost no place to spend money, just in the name of the company.
There is no family in the world that can acquire large enterprises at will like the Han family, which is related to the fact that Mr. Han and Han Xuan insist on absolute control, knowing that they can bring benefits to themselves, and now other investment institutions no longer forcibly ask for the right to speak, after all, interests are the factors that drive their investment.
Thinking of his grandson's acquisition of those companies, Guo Muzhou couldn't help but smile and said: "When the time comes, you will have another nickname, the king of condoms, which is very good." ”
Rolling his eyes at his grandfather, Han Xuan said speechlessly: "I was just worried about this kind of ugly thing, so I didn't give a decision, in fact, this industry is really good, as long as human beings continue to reproduce, there is no worry that the company's products cannot be sold, considering the growing world population, the market will only get bigger and bigger."
They have investigated that there is still a lot of room for exploration of the products of these two companies, and some markets are not covered for the time being, or the market share is not high.
In the consumer goods industry, our family is not currently involved, don't look at the price of things is not high, the demand is amazing, just look at the scale of Procter & Gamble. ”
Guo Muzhou opened his mouth and said: "Since it is profitable, what else should you consider, your Snow Mountain Pharmaceutical even sells viagra, and you are still worried that others will look at you in a strange way?" ”
Thinking about it carefully, this is really true, Han Xuan couldn't help but laugh and said: "In this way, every time they use those products, they will think of me, and maybe they can increase my popularity." ”
After nodding, Guo Muzhou smiled and said, "That's interesting."
Your grandfather has a wide range of sales channels, so you don't have to worry about sales, so I don't think you have to worry about anything as long as it can be sold at a convenience store.
None of them have a high market capitalization, right, and the stock price has stabilized, so I suggest you buy them, and it's better to just hold the market and form a large business. ”
“…… Why do I always feel like you're waiting to see me laugh.
Well, I'll contact them next year to see if there's a good time to acquire, the company's debt ratio is too low, and in the next few years I'm going to buy a few large companies with potential. ”
"I don't deny it."
Guo Muzhou had a strange smile on his face, and continued to say to Han Xuan: "At this scale, it is indeed possible to borrow and finance part of it for development, which can speed up the expansion."
The premise is to find a suitable area for investment, otherwise you are just paying the profits of those banks for nothing, and you also have to bear the risk of losing money on your investment.
Have you already figured out what industry to invest in, tell me what it is, and I'll help you think about it. ”
"I almost have an idea."
Han Xuan nodded, looked at his grandfather and said: "People are born, old, sick and die, during which hospitals and drugs are inseparable, modern society uses a large number of pesticides and fertilizers, coupled with all kinds of pollution in the city, and the pressure of work increases, I think the pharmaceutical and medical fields are very developed."
I have taken a fancy to the HCA Group, which owns more than 90 chain hospitals in 15 states in the United States, as well as shares in companies such as Wyeth, Merck, Bayer in Germany, and Novartis in Switzerland.
If possible, it would be a good choice to build a large hospital chain, I am a drug maker myself, and I know how terrible their profits are. ”
"I know a shareholder of Wyeth, the pharmaceutical industry is not as simple as you think, and it is common for the development of a new drug to take a long time and invest a lot, spending hundreds of millions of dollars, but in the end nothing is developed."
"It's because I know this that I diversify my investments, in fact, when the economy hasn't recovered a few years ago, it's the best time to invest in them, but I didn't have any money at that time." Han Xuan shrugged helplessly.
Hearing this, Daddy Han was holding a glass soaked in wolfberries in his hand, and a piece of fresh ginseng was added to it, and said at this moment: "I can see it, you little rabbit cub is bent on making all the money in the world......"