Rebirth: The Financial Giant
Chapter 576: [Technology companies should not pay dividends]
This incident has sparked a lot of speculation in the capital market, and none of the executives of the eight listed companies have come forward to speak out. The operation of Tiansheng Capital is also puzzling to many people.
Because the prospects of the eight listed companies are not bad, the fundamentals and performance are steadily rising. The smallest market has a market value of 6 billion, and the largest has a market value of 23 billion. They are high-quality growth stocks recognized by the capital market.
The public opinion quickly fermented, and everyone gradually analyzed and analyzed, and finally felt that something should have exploded.
This also makes the holders of the technology sector, especially the holders of the chip semiconductor sector, worried about the market opening after the holiday. If one guy and eight semiconductor-related listed companies explode, the chip semiconductor sector will definitely open after the holiday. Have a drink.
Yesterday, this sector also rose sharply, which is such a bad news.
...
At about 15:00 on the next Saturday afternoon, Lu Ming saw that the public opinion was getting more and more crooked, so he posted a dynamic message on his personal social media:
[These eight companies have no major problems themselves. The reason why Tiansheng left the market is that they paid too much dividends, especially in the past two years. Excessive dividends and high executive salaries are the fundamental reasons for Tiansheng Capital's withdrawal. It doesn't matter. Other secrets. 】
[What is the public opinion environment of the entire domestic capital market now? They all say that you want your listed company to pay more dividends. I'm not against corporate dividends, it's certainly a good thing to share residual value with the market. 】
[But what I am against is dividends for high-tech companies, especially for growing high-tech companies. In fact, high-tech companies should not pay dividends. When some high-tech companies in the United States say dividends, the capital there will not invest in you. The same is true of Tiansheng Capital. We do not invest in technology companies that offer dividends. 】
[Your technology company pays dividends all the time because you don’t want to grow and develop, you don’t have the will to forge ahead, and you even feel that it’s over, then you don’t deserve to enjoy a super high price-earnings ratio. 】
[I give your company such a high price-earnings ratio, which is often dozens of times, hundreds of times, or even two or three hundred times. It is not for you to pay dividends. At such a high price-earnings ratio, you only earn a few cents of money and you will share it, no Ideal, without ambition, and don't want to become stronger and bigger, then why don't I go to the bank instead of lending, but vote for you? Want your dividend? What stocks want is room for imagination, you don't even think about it. 】
[The domestic stock market advocates dividends for listed companies every day. For high-tech companies, what does dividends actually mean? Just let you, the listed companies that originally had more room for development, let me lie down and stop developing and growing. What kind of beautiful country on the other side of the ocean has not taught us this lesson vividly enough? Not deep enough? 】
...
The latest news from Lu Ming was quoted and reported by various self-media, including some financial media, which once again triggered a new heated discussion in the market.
The outside world was very surprised that Lu Ming dared to attack the beautiful country, but after the surprise, it was not surprising that Tiansheng Capital was still blocked and sanctioned by the beautiful country. Everyone on earth knew that the beautiful country was not happy with Lu Ming. It is not a matter of a day or two.
What really surprised the outside world was that Lu Mingfa's dynamic content further explained the reasons for the divestment. The content of the announcement disclosed by Tiansheng Capital was much more straightforward, and there were not so many formulaic expressions.
Many investors are in trouble now, especially those who hold the stocks of the eight listed companies. They found it inappropriate to scold Lu Ming at this time. Now they understand that the reason for Tiansheng's withdrawal of capital is that they hate that iron is not steel. You have hundreds of times the price-earnings ratio and you don’t invest the profits you make in research and development, and you don’t make yourself stronger and bigger, but you can’t wait to divide it. How can the company grow and develop?
There is no pattern, no ideal, and he is unwilling to break through, so Tiansheng Capital withdrew, especially at the fiery juncture of the current technology war with the old and the United States, Lu Ming's height is obviously above the atmosphere, it seems really inappropriate to scold him, and If you scold you, you will definitely be ridiculed by others.
But don't scold you, your stock account will suffer disasters and lose money, so who is going to justify this? Valley
Then we can only scold the senior management of these companies.
Especially the update of Lu Ming's dynamic content is equivalent to killing the future expectations of the eight listed companies. If you keep paying dividends, it is not ideal and there is no pattern. If these are gone, you still have a basket of prospects. , is expected to have a hammer, and a der's imagination?
There is no doubt that the value of your company will have to be re-priced and re-evaluated by the capital market. Your current price-earnings ratio of hundreds of times is unreasonable, and you have to use the price-earnings ratio of traditional companies to be about 20 times.
Good guy, the market value of these companies must have shrunk by at least 80%, especially the company with the largest market value. The current share price is 195 times the price-earnings ratio. If it is revalued at 20 times the price-earnings ratio, it means that its share price will be higher. It has shrunk by about 90%.
I am afraid that no retail investor who holds the company will not panic, especially those with heavy positions. This year is bound to be difficult.
In fact, the institutions that currently hold these listed companies have already made a new strategy at this time, and they have to go no matter what, because of the pricing power of Tiansheng Capital, few institutions are willing to go to the market. If you want to try hard, you will have to spend real money.
There is no room for imagination in stocks, so let's play a ball.
...
This matter is not a big deal for Lu Ming. The capital invested by Tiansheng Capital in those eight listed companies, not to mention the discount, is calculated at a premium of 30%~www.wuxiaspot.com~ A total of 650 million .
In terms of numbers, this is of course a huge amount, but if it is less than 700 million yuan, it will not be able to keep up with the behemoth of Tiansheng Capital.
Lu Ming specially posted a dynamic content for this matter that seemed insignificant to him, and the purpose was to send a signal to other high-tech companies:
You really have a dream, you really want to become stronger and bigger, and you are working hard to continue to develop, then I Tiansheng Capital can give your company hundreds of times or even higher price-earnings ratio, otherwise I Not a dime for you.
Tiansheng Capital’s influence in the capital market is now leveraged, especially for technology companies. If they want to get financing from the capital market and can settle Tiansheng Capital, they basically don’t have to worry about money.
Tiansheng Capital is not only speculating in the secondary market, but also providing powerful financing functions for enterprises, including the primary and secondary markets.
The primary market is the direct financing of the VC venture capital center managed by Ge Feng. If the listed companies want to refinance, they will issue new shares.
Many CEOs of listed companies who want to raise funds want to increase their investment to Tiansheng Capital, because there are many benefits.
The first is that Tiansheng Capital is super rich, which is the basic element, and it is impossible to have no money; secondly, Tiansheng Capital really does not dictate the operation of the company after investing money, and does not seek control. It is a real financial investment, and it is a super investment. The ideal angel investor; the last is the strong endorsement ability. Most of the companies invested by Tiansheng Capital are now sought after by the capital market, which means that they have virtually gained a higher premium and bargaining power.
The company that the first brother has seen is basically the same as the company that the first brother is optimistic about, which is equivalent to the meaning of "gold-plated" and has such a taste.
...
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