Chapter 433 [Strike Again]
Tuesday, March 19.
New Era Group officially released the revaluation asset report, with a net asset value of 82.8 billion, which shocked Hong Kong and Kowloon for a while.
Who would have thought that this company had only been taken over by Lin Zuhui for six years, and in 1985 it was only a mosquito-type company with a net asset value of 50 million, but now it has increased thousands of times. Turning over the development history of the New Era Group is a history of financial development of acquisitions, mergers and acquisitions, and financing.
Taking Cheung Kong as an example, the asset value from 1986 to 1991 has more than tripled, and it is now only worth more than 110 billion yuan.
On the same day, the stock of New Era Group rose sharply again, and the market value exceeded 68 billion.
ACN Center.
Lin Zuhui was thinking about the problem in the office, and the rise in the stock of the New Era Group was deliberately promoted by him.
Its purpose is to carry out a series of financing activities.
He plans to raise 3 billion yuan through rights issue in May, issue convertible bonds and overseas bonds to raise another 2 billion, a total of 5 billion yuan.
This year, the original profit scale of the New Era Group may also be about 6 billion, plus the billions of cash on the account, the cash flow of the New Era Group is very sufficient, second only to the existence of HSBC Group (Hang Seng Bank is also a subsidiary of HSBC Group).
As for that bit of debt, now it doesn't even have a debt ratio of 10%; And the prime interest rate is already only 8%, there is no reason to repay it early.
This year's major investment projects are Tsuen Wan Plaza, reserve land, etc., and although the Tsuen Wan Plaza project has a large investment, it is invested in batches, and there are adjacent residential projects to return funds in the future.
Money, it seems to be a little abundant!
This is exactly what Lin Zuhui wants to see.
As long as you have money, once you have a good investment, you can start immediately, and you don't have to be subject to the bank.
........
In the afternoon, Lin Zuhui came to Hengjin Investment and received George and Bruce, the president of Hengjin Investment, and Bruce, the head of family office investment, in the office.
"How's the short selling of USD/JPY going?"
Yes, Lin Zuhui sold foreign exchange with high leverage again, because he was short of money. The development bank needed a lot of investment in the beginning, and he had to hollow out his memory to invest and get a high return.
Investing in the S&P 500 and making a profit of more than 3 billion is stable, even so, the cash flow of Hengjin Investment is only more than 8 billion.
This made him not secure enough to invest in the bank!
He didn't start a small investment bank, but planned to establish the top five large banks in Hong Kong in one fell swoop, so the funds needed are probably very large.
So, the stock god shot again!
Since March, he has been paying attention to the price of USD/JPY, and when he found that it had risen from the lowest of 127 points in February to 135 points, he decisively asked Hengjin Investment to start shorting 20 billion USD/JPY (1 billion margin) in batches at 137 points.
This time, he used a 20x leverage, 1 billion principal model; In addition, 3 billion funds have also been prepared to replenish the margin at any time to avoid being liquidated.
In fact, this kind of play is similar to the 100x leverage of later generations. Assuming that the minimum leverage can only be 100 times, Lin Zuhui's investment method is to take out 200 million yuan for short selling, and then increase the margin at any time.
However, now is not the era of Internet trading, it is really 100 times leverage, no one dares to invest, and the call has not been made, it is estimated that it may be liquidated.
As for why Lin Zuhui chose to short USD/JPY, it is not all based on analysis, but memory occupies a large part; Because he knows that USD/JPY will fall to about 120 points in 1992, 100 points in 1993, and 80 points in 1995.
Anyway, the general trend is all the way down, so he has no reason to "buy", but chooses to "short".
Coupled with short selling above 137 points, it is still relatively safe, if it rises to 143 points, he immediately makes a margin call, and so on, his 4 billion funds can almost support to 166 points.
This is not the end, if it can really rise to 166 points, Lin Zuhui will mobilize a lot of money and continue to sell short, he will earn more.
Obviously, it is impossible to rise to 166 points, which is not in line with the general trend!
George nodded and said, "Well, New York, London, and Xiangjiang are already shorting in batches, and according to the current situation, almost every day is a short selling point, and it is expected to be completed this month."
Lin Zuhui emphasized: "We can only short sell above 137, even if it is 136.9 points, we will not short sell! Even if there is no opportunity to sell short, we must stick to the investment strategy in advance and cannot make any changes. Because when investing in such a risky project, the mindset is the most important thing."
Compared with the investment major, Lin Zuhui is definitely not as good as George and Bruce, but compared to the state of mind, Lin Zuhui is already as stable as Mount Tai, and almost no one can be more stable than him!
The first is that he knows some general trends, and the second is that his wealth is huge, less than 10 billion, and he won't blink an eye if he loses.
"Okay, we've always stuck to your style!"
Then, Lin Zuhui communicated with Bruce again, and the 20 billion yuan of the family office has basically been invested. But the family investment department is not only responsible for family affairs, they have to be responsible for all Lin Zuhui's affairs.
"Pay attention to the stock situation of Oracle and Citibank for me, and communicate with me at any time." At the end, Lin Zuhui told Bruce Dao.
Bruce asked, "The boss wants to get to the bottom?" Both companies have been in trouble for the past two years, especially Oracle's market capitalization plummeting by 80%."
Lin Zuhui nodded and said, "You remember, the 90s were the world of the Internet and information technology, and almost all investments that were related to it would make a lot of money. Emerging retailers such as Depot, Best Buy, electronic technology companies Dell Computer, and Intel, these four companies are the stocks that our family has invested in this time, and they are actually related to the Internet and information technology...... So, you can also pay attention to similar software stocks, and you can invest in them."
Worthy of the gods, Buffett is not so convincing, Bruce and George thought.
"Okay, we'll look at this investment!" said in unison.
Although there is a new investment direction, there is no capital for the family office and Hengjin Investment at present.
However, after the delivery of the S&P 500 index in April, the approximately 5 billion funds withdrawn can be taken out to allow Hengjin Investment to invest in software, information technology, and Internet stocks in the U.S. stocks.
As for the matter of buying office buildings in Europe and the United States, Lin Zuhui has decided to let New Era Group come up with 2 billion Hong Kong dollars to complete it with a loan (5 times leverage).
This round of real estate decline in Europe and the United States actually began to rise again in 1993. Therefore, Lin Zuhui planned to consider investing in commercial real estate in Europe and the United States in 1992.
.......
On Thursday, queues began again downstairs at ACN Centre, all of whom had come to buy homes, and the sale period for Sceneway Garden was Friday. In order to ensure that there are no accidents, JC can only be asked to maintain order 24 hours a day.
The next day, 735 of the 750 residential units in Sceneway Garden were sold out on the same day, and they were basically sold out on the first day.
For this situation, Lin Zuhui had already expected, and he also knew that the annual increase of Xiangjiang Real Estate this year should be more than 5%. In other words, taking the island as an example, the average selling price this year will be around 2800~3000 yuan, excluding large housing estates and luxury properties.
Lose your marbles!
So much so that when the Lin family was having dinner, the daughters were chattering about real estate, and they couldn't stop it.
........
On Saturday morning, Lin Zuhui convened ATV's senior management and senior staff of the program production department for a meeting.
"What are the results of "The Voice of China"?"
Hearing Lin Zuhui's question, Zhou Liang Shuyi immediately reported: ""The Voice of the Chinese" received a total of 60 million advertising fees, and the net profit is expected to reach 20 million; Since the launch of "The Voice of Chinese", the overall ratings of ATV TV have accounted for 60% of Xiangjiang's share, completely suppressing TVB; Asia Satellite TV now has an audience of 15 million, which is nearly double the number when it was launched......
Success!
It's normal to have low profitability because the costs are too high.
The most critical thing is the growth of the number of viewers of satellite TV, which is the largest investment in the long-term advertising revenue of satellite TV.
Lin Zuhui remembered that in his previous life, Li Cucumber's satellite TV channel six had 45 million viewers two years after it was launched. According to the current situation, Asia Satellite TV may also reach more than 40 million viewers.
Because compared with Li Cucumber's satellite TV station, Asia Satellite TV has more advantages in programs.
Lin Zuhui nodded and said, ""The Voice of Chinese" is the originator of talent shows, but it is obviously not enough for us to be proud of the world in variety shows. Next, you will prepare another show called "Pop Idol."
"The idea of the show is that this show is designed for kids who want to become pop stars, and it is to choose a superstar and pop idol from among Chinese kids around 20 years old in Asia. It kills three birds with one stone, it is a shortcut to the dreams of these young people to come true, a way for record companies and managers to discover new singers, and it is also a "real TV" that attracts viewers for months
"The format of the program is as follows: 4 judges from each group will go to the Asian Chinese gathering place to select talents! Register first, and then select 100 more people from tens of thousands of people. Then, 50 of the 100 candidates were selected, and finally the number of candidates was reduced to 10, and at this time, the judges already had a bottom in their minds, although the final winner could only be one, but there was more than just a future star standing in front of them."
After Lin Zuhui finished speaking, not everyone had a vision, and some high-level people questioned: "Boss, will this show and "The Voice of the Chinese" overlap somewhat?"
Lin Zuhui was not disgusted, but explained: "There must be repetition in the talent show, but there must be many differences, that is, the mode and the object. "Pop Idol" is aimed at people from 16 to 24 years old, and the singing voice is very important, but the appearance also has a certain importance. Pop Idol, also known as Super Idol, is our ambition to create a new king idol!"
Zhou Liang Shuyi immediately chimed in: "This show is very creative, and the important thing is that it is very suitable for the copyright requirements of European and American TV stations. If we do it right, we can sell tens of millions of dollars for a single copyright."
Lin Zuhui nodded with satisfaction and said, "Yes, at least $20 million a copyright, we sold it too cheaply last time. Look at how much money the ABC of the United States is making with "Millionaire!"
Everyone nodded!
Then, Lin Zuhui discussed the details of the design, such as the audition, a contestant only has 1 minute, which is more efficient. Because as long as you sing well, even if you don't play well, you can pass the audition.
Secondly, you can also add special events in San Francisco, Vancouver, London and other cities to advertise in local Chinese-language newspapers.
The cost may be much higher, and a program that could have made a profit of 50 million may end up in a tie. But Lin Zuhui was originally interested in copyright income and the growth of the audience of satellite TV, so the program itself is a loss, and he has to do it.
After the meeting, Lin Zuhui showed a smile, there are too many programs that can plagiarize his previous life. In addition to the talent show accident, you can also plagiarize the "wilderness survival" show.
Lin Zuhui remembered that in his previous life, around 2000, there was a similar program. Therefore, in the next few years, it is necessary to do it.
Now, the success of Asia Satellite TV has suddenly made the audience of Asia TV no longer limited to Hong Kong, but the whole of Asia. As a result, many advertisers are no longer from Hong Kong, but from Asia as a whole.
The market is big, so there's no pressure to make these shows.
To provide you with the fastest update of the great god Ren Zhufei's "Xiangjiang New Giant", in order for you to view the fastest update of this book next time, please be sure to save the bookmark!
Chapter 433 [Strike Again] Free to read.