Chapter 311 Stock selection, timing, warehouse control!
Their purpose of coming here was mainly to ask Bentayga Capital to discuss the issue of the acquisition of "Yongfang Mining" shares. They did not come to find an intermediary or intermediary agency. While Su Yue sternly rejected the Chijin Mining team's proposal for the acquisition of "Yongfang Mining" shares, he also took the initiative to propose that the intermediary should match Chijin Mining to participate in this project.
Pan Guiping and the people from the Chijin Mining delegation said they couldn't understand it in their hearts.
However, no matter what, if Su Yue mediates from it, they will have much greater hope of reaching cooperation with local state-owned institutions and Jinjian Mining boss Tong Zhijian in Pingji.
Before they came, they understood clearly, although "Yongfang Mining" was established by "Benyue Capital".
However, regarding equity allocation, the registration information stated that in addition to "Bentayga Capital" exclusively accounting for 50%, local state-owned assets and Jinjian Mining also occupy 50% of the shares.
The road of ‘Bentayga Capital’ does not work, so as long as the other two roads are understood, the effect will be the same.
What Pan Guiping said to Su Yue before was actually not all fooling people.
After another survey by a professional team, this symbiotic gold mine found in Pingji City was found to be a large-scale and relatively high-quality gold mine. Even though Pingji is poor and has poor water and inconvenient transportation, once the project is developed in several years, it will definitely be able to reap huge and continuous profits. The value is far from being comparable to hundreds of millions or more than one billion.
Although Chijin Mining is one of the first-class gold mining and smelting giants in China.
But in the south, there is no high-grade mineral resources in hand. Even though the technology is slightly better than the northern ones, it is still much worse than the future potential. So, when the news of a large gold mine in Pingji City spread to the group, the group's senior management quickly convened a board meeting and decided to participate in the project with the greatest efforts.
It is best to be able to take control of this project and take the project into your own hands.
In this way, the group's shortcomings in mineral resources can be made up for. During the industry cycle, it will not be stuck on mineral resources by other giants.
Even if you cannot control the shares in the end, you must reach in-depth strategic cooperation with the project controller.
Ensure the group's future supply of mineral resources, that is, upstream raw materials.
Therefore, Pan Guiping brought the delegation from Ganzhou to Nanhua Province this time, which was the important task of the group. At this time, he heard that Su Yue wanted to be the mediator of the good office. Although it was a little strange, he pondered for a moment and said happily: "If we can reach a cooperation in Pingji, the benefits of Mr. Su, you, "Benyue Capital, will naturally be indispensable."
"How much is indispensable?" Su Yue said with a smile.
Pan Guiping thought for a while and said, "It depends on how much Mr. Su can help us mediate. If we can help us occupy 20% or more shares in "Rongfang Mining", a 20 million reward is indispensable."
"If you want to acquire 20% or more shares of 'Yongfang Mining', how much of your highest bid can you have?" Su Yue asked.
To earn this agency fee, he must also find out the upper limit of Chijin Mining's willingness to bid, so that he can prescribe the right medicine and evaluate the possibility of success.
Pingji City’s local state-owned assets and Tong Zhijian are not targeted very seriously in order to help Pingji City get rid of poverty.
As long as the price is right and they are allowed to give up 20% of their equity, Su Yue feels that there is still a high probability of success.
Pan Guiping stretched out three fingers and said, "The maximum limit is up to 300 million yuan. If we can control the shares, or acquire them in full, we can also provide an appropriate premium. However, if we only acquire 20% of the shares and reach in-depth strategic cooperation with Mr. Su and Pingji City local state-owned assets, then the bid will be the most like this."
300 million yuan, obtaining 20% of the equity of "Yongfang Mining".
This means that "Yongfang Mining" owns a large gold mine in Pingji City, and its current valuation is as high as 1.5 billion, equivalent to a small listed company.
Su Yue nodded, thinking that such a bid was reasonable.
"We Bentayga Capital helps President Pan to help this matter with a reward of 30 million yuan." Su Yue began to bargain.
Seeing that Su Yue was getting more and more arrogant, Pan Guiping frowned and said, "If this is the case... my bid limit can only be reduced to 270 million."
Su Yue thought carefully about the motives of Pingji Municipal Local Government and Tong Zhijian, and nodded.
The bid limit of 270 million is enough to stimulate Pingji City’s local state-owned assets and Tong Zhijian. After all, the addition of Chijin Mining will indeed make the project move forward more steadily, solve many technical problems in project development, and will also make Pingji’s investment promotion results go further. As long as these major premises are there, it is not difficult to convince the other party!
Seeing that Su Yue suddenly felt so happy, Pan Guiping was stunned and didn't react.
He was silent for a while and began to wonder if he had been cheated by Su Yue or the "Benyue Capital"? But now, he had already said that he wanted to go back on his word, which was no longer appropriate. He could only sigh in his heart and expose it.
"Mr. Pan, it's no point in saying that it's up to you, let's make an agreement?" Su Yue said with a smile.
As he spoke, Ning Suyi, who had been standing by the side, hurried out of the office and brought a cooperation agreement document from the company's legal department.
Immediately afterwards, the two sides signed a cooperation agreement according to the conditions of the negotiation, and then they laughed and parted.
"Su Yue, you are so amazing. Not only did you successfully lead Chijin Mining's gaze to Pingji, but you also earned a considerable amount of agency fees from it." After the delegation of Chijin Mining left, Gu Yunxi gave a thumbs up and couldn't help but exclaim, "I have never seen you talk about business like this!"
Su Yue laughed and said, "Since we are determined to promote Chijin Mining to join the market, why not make a profit with it? Chijin Mining is such a large group, and it is not worth tens of millions. I will let them spend some blood in exchange for 20% of the shares of "Yongfang Mining". They will not lose money."
"How do you talk about the local state-owned assets institutions and Tong Zhijian in Pingji City?" Yang Liguo asked.
Su Yue looked out the window, thought for a while, and said, "Old Yang, leave this matter to Lin Feng. He has been in Pingji for so long and his connections have been well built. He will have a solution."
In fact, this matter is not difficult, and he doesn't need to take action personally. Lin Feng knows how to persuade and how to match the cooperation between the two parties.
"That means, you don't care about this matter?" Gu Yunxi was a little surprised.
Su Yue nodded and said with a smile: "Sister Yun Xi, it's not that I don't care, but that I have limited energy and can't control it. It's already late April, and there are a few days left, so I have to go to Ningzhou to take the single-recruitment exam at Huaxia University of Finance and Economics. I really don't have time."
Gu Yunxi was a little surprised and asked, "Xiao Su, have you been specially recruited by Huaxia University of Finance and Economics long ago? Why do you still have to take the single recruitment exam?"
"Director Dong Jianxing told me that although I was recruited by the school, there was a lot of gossip in the future, and the process that should be taken should still be left." Su Yue smiled, "He said that, but I guess that he asked me to go to Ningzhou, not only to let me take the single-recruitment exam, but there must be other things, but he just didn't have the nerve to say it on the phone."
"Director Dong is my second uncle's personal friend."
Gu Yunxi said: "Like my second uncle, he is a relatively stubborn and rigid university professor. Since there are rules, he will never cross the rules. With his personality, he will indeed say such words."
"So... in the future, the company's work and business development can only be handed over to two people again." Su Yue looked at Yang Liguo and Gu Yunxi, "Pingji's affairs are led by Lin Feng, so we don't need to worry too much for the time being. Anyway, he wants people to give them, just ask for money."
"The next focus should be put back to the stock market."
"Since May 25, 2005, IPO has been suspended for almost a year. Now, the landslide lakes on the market are getting worse and worse."
"I think that in order to implement the country's overall economic policy of "using finance to serve entities", all institutions and senior management in charge of finance will again open up direct financing channels for enterprises under policy pressure, so that finance can better serve industries and solve the problem of listing landslides as soon as possible."
"The stock market sentiment is recovering and trading volumes are rising rapidly, which is an excellent time to restart the iPo."
"Su Yue, what exactly do you want to say?"
Gu Yunxi heard him talk for a long time and didn't say the point. She couldn't help but interrupt him and asked anxiously.
Su Yue smiled and said, "Sister Yun Xi, Lao Yang, if the IPOS is restarted, there is actually a relatively certain investment opportunity. I wonder if you have ever thought about it?"
The two of them were stunned and asked blankly: "What investment opportunity?"
Su Yue paused for a moment and said in a deep voice, "IPO has been suspended for so long, and the stock reform has happened again. No matter what the first stock listed after the IPO restart is, this new stock will be speculated by active market funds. Even if the hot money has some concerns, state-owned assets institutions will take the lead in speculating, because this is the first stock that has been separated from the old and new after the stock reform, with some important political task to open up the situation and cannot be tolerated by breaking the issue."
"Xiao Su, the investors in the market are currently considering the restart of IPO like a tiger."
Yang Liguo said: "Although the domestic financial market has recovered a little, it is still very fragile. When restarting ipo at this time, it may instantly ruin the investment sentiment that has been established. Although the senior executives of financial institutions want to restart ipo and restore the direct financing channels of enterprises under the pressure of leadership, they also have to focus on the market's ability to withstand the market? I think the restart of ipo should not be so fast."
"Then let's wait and see!"
Su Yue laughed and said, "But no matter what, it is still necessary to reserve some of the positions and funds for this first."
"This is natural." Yang Liguo nodded, "We must participate in the investment opportunities with greater certainty."
Although he did not agree with what Su Yue said about the resumption that IPO was about to restart, he agreed with the conclusion that the first stock would be hyped after the stock reform.
After the stock reform, the first new stock that IPO restarted was carried with certain political tasks, and it also marked the success of the reform measure of the stock reform.
Under the leadership of the policy market, it is impossible not to be hyped!
After talking about the investment opportunities of the IPO restart and the issuance of the first new stock, Su Yue changed the topic and asked again: "Benyue No. 2 Fund, it shouldn't have started to build large-scale positions, right?"
Gu Yunxi pondered for a moment and replied: "Two days ago, Manager Chen asked me to discuss it, and then according to the holding ideas of "Benyue No. 1", she selected a lot of investment targets. I guess, no matter how fast you move, you have only built a part of the bottom position, just the specific holding situation... I think Xiao Su, you should ask her personally, so you are more clear."
Su Yue nodded, and finally discussed some investment details with the two before they each dispersed.
Then, he went straight to the trading room of the 'Bentayga No. 2' fund.
Seeing Chen Yuhe sitting upright in front of the computer at her desk, she was conducting research on the inspection information of the department and selecting investment targets. Su Yue smiled and asked, "Manager Chen, do you have any experience?"
Chen Yuhe looked up and saw that it was Su Yue. She hurriedly put down the pen in her hand and said, "I have referred to the stocks held by the 'Benyue No. 1' fund, and I have gained a little."
"Oh?" Su Yue smiled, "Let's hear!"
"I won't say much about the theory. In short, starting from the future development of the macro economy, selecting industries, and then selecting high-quality stocks in the industry, and finally selecting the best among the best and selecting investment targets." Chen Yuhe said, "Of course, our fund positions are different from personal positions, and funds pay more attention to stability and liquidity, which eliminates many small-cap stocks with poor liquidity. There are not many investment targets left to choose from."
Su Yue turned his head and glanced at the investment target she wrote on her desk record book.
I saw that basically all are familiar companies among listed companies. Their targets are mainly distributed in the financial, real estate and consumption fields, and there are one or two Internet stocks in emerging industries. Most of the selected targets are consistent with the investment targets Su Yue selected when he was building a position in the Bentayga No. 1 fund.
Although it is suspected of reference, it can be sufficient to prove Chen Yuhe's ability to select stocks.
"Manager Chen, liquor consumption industry, why did you cross out Qianzhou Moutai and choose Luzhou Laojiao?"
Su Yue saw that there was a line in her record book that originally had Qianzhou Moutai written on it, but later it was crossed out and replaced with Luzhou Laojiao, and couldn't help asking.
Chen Yuhe replied: "Although Qianzhou Moutai is a national liquor and has an absolute dominant position in the liquor industry, it is almost blank for the mid- and low-end markets. The current national consumption level is not high overall and cannot support the sales and price increase of Qianzhou Moutai."
"I compared several well-known liquor brands listed in China. From the comprehensive consideration of financial reports, current economic situation, and consumption levels, I feel that Luzhou Laojiao is more explosive."
Su Yue's eyes were slightly surprised.
He previously studied the liquor industry, but ignored the issue of people's consumption level in this era.
Although Moutai is excellent, at this stage, its explosive power is actually not as good as those of Luzhou Laojiao, which focuses on the mid-range market but also has first-class brand effect. If you choose one of the two, Laojiao will be better at this stage.
He carefully considered several of the stocks he had not selected at the beginning, but still had very good investment value and good liquidity. He couldn't help but nodded in admiration and said, "The stocks selected by Manager Chen are all very good. The current market water level is very low. No matter which ones he focuses on, there will be no big problems. Since that's the case...you can slowly build positions according to the stocks you selected."
Chen Yuhe nodded, thought for a while, but said hesitantly: "Mr. Su, in fact, the abilities of each fund manager, or trader, are focused on each other, and have their own shortcomings and advantages. I know that my stock selection ability is not bad, but my shortcomings are also outstanding. I don't know how to choose the timing and it is difficult to control the advance and retreat of my positions."
"Although the current market water level is low, from the bottom, the market has risen by nearly 20% after a quarter of upsurge. Many high-quality stocks have soared by 30% to 50%. Although I have found out the investment target, I am a little hesitant to establish a number of positions."
"If the position is too light, if the market continues to rise in the future, I don't have enough chips. Even if I choose the right stock, I will make little profits, and it is inevitable that the opportunity will be delayed. But if the position is too heavy, I will encounter a market pullback later and the fund falls into losses, I will appear more passive."
"So, regarding timing and warehouse control, you need more advice from Mr. Su!"
Su Yue understood that in order to make enough profits, in addition to choosing the right stock, it also requires the cooperation of position control and timing. It is very difficult to cooperate perfectly between these three.
If Su Yue did not rely on the prophet advantage of the rebirth, he would only rely on the market technology and experience tempered in his previous life.
It is also impossible to perfectly combine the three.
It is already very good for Chen Yuhe to be able to clearly realize her shortcomings in timing and position control. After all, only by knowing the shortcomings can she correct them, improve them slowly, and make progress slowly.
What he fears is his own company.
Traders and fund managers who appear to be arrogant and feel that they are perfect in trading.
"Manager Chen, perfect timing and position control do not exist. The reason why you hesitate is because you are too stressed and worried that the fund will lose money after building a position. In fact... it is completely unnecessary." Su Yue said with a smile, "We are not doing a one-time transaction, nor are we only trading once. A small mistake in one transaction is actually very easy to reverse in subsequent transactions and operations. As long as you keep calm and observe the market carefully, you will naturally know how to choose timing and position control."
Chen Yuhe listened silently, as if she had realized something. After a while, she nodded.
After giving Chen Yuhe a few words, Su Yue remembered his purpose and continued: "Manager Chen, I actually came here and really wanted to explain your fund warehouse control issue in the 'Benyue No. 2'."
Chen Yuhe looked at him in surprise.
Chapter completed!