Rebirth of the investment era

"Do you know how to massage?" Su Yu asked with a smile.

Li Meng sat quietly next to him, put her slender white fingers on Su Yu's shoulders, rubbed them gently for him, and said with a smile: "Although I don't know how to do it, it's better than rubbing it all by yourself."

"Yes!" Su Yu smelled her elegant fragrance and lay down on the sofa.

Li Meng found a suitable position, continued to rub Su Yu for a while, and said, "Do you really want to acquire the company 'Anzhao Fund'?"

"Well!" Su Yu said, lying on the sofa, "If Mr. Wu of the Eastern Group is willing to sell."

"But our company's current cash flow is tight, and we don't have so much money to use for external mergers and acquisitions!" Li Meng said, "And this company's assets and asset management volume, for us, are actually It doesn’t mean much. Acquiring such a company always feels like it won’t help our company’s development much, and the price/performance ratio is not high.”

Su Yu said: "Currently, there is a risk of the capital chain of 'Oriental Group' being broken. At this time, we will acquire the assets of its companies, and the other party's asking price will not be too high. At the same time, the reason why I intend to acquire 'Anzhao Fund' is The company is not interested in its assets and future development potential, but in the several fund licenses it holds and the other party’s mature trading team.”

"We analyzed it before..."

"I feel that the bull market is getting closer. The development of the domestic asset management and financial industries has obviously reached an inflection point as the bull market approaches."

"When the industry cycle outbreak is getting closer and closer, we, as market participants."

"No matter what, we have to prepare in advance and prepare enough bullets to seek more benefits and profits when the industry cycle breaks out. And with our 'Yuhang Investment''s current reputation and influence in the domestic financial investment market, We are fully committed to expanding our business scale at this time and waiting for the market to reverse, which is the most beneficial strategic preparation for our company's future development."

“We must strike while the iron is hot!”

"Under the influence of emotions, market trends change quickly."

"We, 'Yuhang Investment', still have this kind of appeal among the vast investor groups in the market. If this is the case, then we must take advantage of investors' trust in our institution and the fanatical chasing effect to improve our company's asset management Let’s increase the scale and develop further.”

"Business management is like sailing against the current. If you don't advance, you will retreat."

"Although our institution currently holds tens of billions of capital, we are held up by investors who trust us, and many people in the industry. Every word and deed has a huge impact on the market, but believe it or not... as long as we As soon as the net values ​​of several core funds of an institution fall slightly, investors’ trust and fanatical pursuit of us will cease to exist in an instant.”

"So, tens of billions of dollars is not the development goal of our organization, nor should it be the development goal of our organization."

"Continue to move upward, climb to the 100 billion asset management scale, and truly achieve the two major businesses of fund management and private equity investment. When both legs can walk soundly, perhaps our institution's risk-taking ability will be significantly improved. And we can relax a little bit.”

"Now, it's not the time for us to be complacent and to relax."

"As for what you just said, our company's cash liquidity problem..."

Su Yu paused and then said: "Not long ago, the 1 billion loan we applied for from Huashang Bank was blocked by the credit risk control department at the Yanjing headquarters, but the loan was not cancelled. , will still be released to our company."

"With this 1 billion loan, our company's current tight cash flow problem will be greatly alleviated."

"Furthermore, the overall scale of the company 'Anzhao Fund' is not large, and its internal assets are extremely limited. Even if there is a premium to acquire this company, the valuation will not exceed 100 million. The current impact on our company will be Practically speaking, it’s still minimal.”

"And after we actually acquire it..."

"Several major funds under Anzhao Fund are fully integrated into the management of our 'Yuhang Investment', which has a completely different meaning in the minds of the majority of investors in the market."

"This company, in the hands of Mr. Wu of the Eastern Group, is only worth 100 million at most."

"But in our hands, the value presented is estimated to be more than 1 billion."

"So, no matter which direction you analyze it, as long as the Eastern Group is willing to sell this company, we will not lose money at all."

"Of course, the fundamental reason is that our company is too slow in cultivating traders."

"Also, our company is expanding too fast, and our talent pool is obviously not keeping up. External mergers and acquisitions of similar companies and expansion of our talent pool are the fastest shortcuts to our development."

After listening to Su Yu's analysis, Li Meng suddenly became less resistant to his desire to acquire the 'Anzhao Fund' and said, "Okay, if that's the case, then I don't have any objections."

"but……"

Li Mengmeng thought for a while, and then said: "With the 1 billion in bank loans, plus the 1 billion we borrowed from Zhenhua Capital Group, the current debt ratio of our organization can be said to be soaring. In case of a follow-up market If something unexpected happens and the 'bull market' we expected doesn't come so soon, will there be any problems?"

After all, she knew that the 1 billion loan the company applied for from China Commercial Bank was not a long-term loan, but a short- and medium-term loan with a half-year term.

As for the 1 billion loan from ‘Zhenhua Capital Group’.

Although the other party did not indicate a clear repayment date, its essence also had implicit conditions.

If their relationship with the Xie family of Zhenhua Capital suddenly deteriorates, and the market changes, and something unexpected happens, then the company's current situation will not be able to solve the 2 billion funding gap suddenly.

"In one quarter, the one-year net value settlement and opening time of the 'Yuhang No. 2' fund will be reached." Su Yu said, "The current net asset value of the 'Yuhang No. 2' fund has reached about 14 billion. , according to the agreement when the fund was established, even if the 'Yuhang No. 2' fund is settled at the current net asset value, we will be able to harvest at least more than 3 billion in excess profits, which is enough to make up for the 2 billion fund arrears gap."

not to mention……

Su Yu knew that when the time really came after a quarter, the fund's net value would be settled.

The net asset value of the 'Yuhang No. 2' fund, now that the main line of the market has been determined and the bull market is getting closer, can still rise a bit. When the time comes... what they can do in the net value settlement The excess profits obtained will probably be far more than 3 billion.

And, in addition to excess profits.

According to the 4% fund management fee, they can also obtain fixed management fee income of at least 500 to 600 million.

In short, on the whole, in the face of the foreseeable short- and medium-term income, the company's current liabilities are not large, and there are no excessive operating risks.

"Okay!" Li Meng nodded, "If you think there's no problem, then that's fine."

Although Su Yu always respected her opinions, in the final analysis, she only held 1% of the company's actual shares. According to company law, she could not influence any of Su Yu's decisions on the company's development.

"Yeah!" Su Yu responded, feeling his body relaxed a lot, and couldn't help but said, "I feel much better, you are tired too, go to bed early!"

After saying that, Su Yu turned over and sat up.

Unexpectedly, he stood up suddenly, causing Li Meng, who had been leaning on his body to massage him, to completely lose his focus. In an instant, he fell into Su Yu's arms, causing Su Yu to hug him full of warm and soft jade.

"I'm going to bed."

The moment their skins touched, after their minds went blank for a brief moment, Li Meng said.

Su Yu said softly, and then saw Li Meng, who was wearing pajamas, got up and quickly got into his room.

After that, Su Yu couldn't help but flash through the scene just now in his mind.

Sitting on the sofa, I thought about it for a while, then went into the bathroom, took a cold shower, and then went into the house to sleep.

The next day, after waking up and having breakfast, Su Yu didn't ask Delina to drive to pick her up. He directly took Li Meng's car and the two of them came to the company together.

When Su Yu arrived at the company, he saw that the company management was almost there.

So, as usual, we held a weekly morning meeting of the company's management, and listened to the work arrangements of the week from the heads of various departments. At the same time, we asked a supervisor from the company's leading department to follow up on the acquisition of Anzhao Fund. ' project, try to find ways to contact the 'Eastern Group'.

After the morning meeting, Su Yu entered the trading room of the company's fund investment department.

Then, while checking the morning market announcements and important information, he also listened to the trading arrangements of each trading group and everyone's trading strategy ideas.

Based on the market sentiment in the morning and the popularity of topics on major stock discussion platforms on the Internet.

The core focus of the market is still on the main areas of 'infrastructure' and 'military industry' that changed across the board last Friday. As for popular stocks, 'Fushun Special Steel', 'Beijiang Communications Construction', 'LeTV', 'Huaguo' The popularity of MCC's and China Railway Construction's stocks can be said to be about the same.

"Mr. Su, the check from 'Chengfei Technology' seems to have been expected!"

At 9:10 a.m., in the trading room, Zhang Guobing, the leader of the third team, said: "There are rumors in the market that this check and the reorganization of a certain military industry enterprise are already in the pre-approval stage. It feels like this check has become a 'military industry asset reorganization'" The trend of leading concept stocks in the field."

"'Chengfei Technology'?" Su Yu glanced at the check, and there were indeed certain memories in his memory.

"And technically, the trend shape, the degree of capital involvement, etc. are all pretty good." Zhang Guobing continued, "I think it can be laid out and used as an important fulcrum for the continued divergence of the 'military industry' line for speculation. Of course ...The focus is not on this one stock, the key is that we can bring out the hot concept of 'military asset restructuring' by making this check."

"I think Guobing is right." Zhao Lijun also added, "If the market of a major main line wants to last longer, it must dig deeper into its investment logic and hot concept direction, and there is no doubt that Yes, the big concept of 'reorganization of military assets' superimposed on 'reform and reorganization of state-owned enterprises and central enterprises' has a strong room for speculation and expectation. If we guide the market in this direction, there is absolutely great potential."

"There is also the direction of 'big infrastructure'..." Seeing the two people putting forward their opinions, Liu Yuan said, not to be outdone, "Master, the line of 'big infrastructure', although the underlying expected logic is 'acceleration of urbanization' , is the recovery of 'real estate and infrastructure', but in terms of hot topics and concept expansion, it can also be linked with the general policy direction of 'reform and reorganization of central and state-owned enterprises' to expand expectations in depth."

"besides……"

Liu Yuan paused and then said: "The expected increase in the general direction of 'infrastructure', that is, the direction of the 'New Era Silk Road', can also be subdivided and expanded, which can link shipping and ports, thereby connecting the main line The market scope has been further expanded, fully maintaining the depth of the money-making effect and the sustainability of market development."

"In fact, in the futures market recently, the 'black series' has continued to bottom out and rebound."

"Although the signal of bottoming out is not yet clear."

“But this can be used as an expectation of cycle reversal. If we combine the trend of the futures market and conduct market induction, we should be able to harvest some incremental funds that follow the trend, which will further help us open up the market situation and lay the foundation for the market. Hype the emotional base.”

"Okay!" Su Yu listened to everyone's suggestions and said with a smile, "It's all good. At present, we have taken the initiative in the market. As long as you think it is right, you can use the funds at hand to carry out your ideas. Verification of inducement is just...if the market trend reflected by the market and the follow-up of funds on the market are not in line with your expectations, you still have to stop the loss and don't get deeper and deeper in the wrong direction of the trading strategy."

As the company's asset management scale grows larger and larger.

At the same time, with the operation of large funds and actual combat again and again, in Su Yu's view, several core members of the trading team have now fully grown up and are capable of acting alone.

"Okay!" Several trading team leaders responded one after another, and then turned their attention back to the trading boards of the two cities.

When everyone's eyes returned to the trading boards of the two cities, the market trading time had already reached 9:15, and the two cities ushered in the initial collective bidding.

I saw that the stagnant market began to beat again amid the gazes of countless investors throughout the market.

Among them, the two main concept sectors of 'infrastructure' and 'military industry', as well as core concept stocks, as well as many popular stocks that have attracted great market attention, instantly attracted funds from all walks of the market to pay attention to them. The corresponding stock market, The moment the call auction started, the trading situation was extremely intense.