Wall Street Legend

  Chapter 79 Potential stocks (23)

  Participating in the roadshow is purely coincidental.

  Tencent is ambitiously preparing to go public. In the past two years, the market of the Internet industry has been bad. Many companies are facing the dilemma of broken cash flow. They do not have a stable source of income. There are only a few examples that make money like Oracle and Microsoft.

The same is true for this company. There are fewer and fewer institutions and individuals willing to invest in the Internet industry. The liquidity of the entire industry has dropped to freezing point. Layoffs, spending cuts, reductions in benefits, and other events happened at both ends of the Pacific Ocean at the same time. If you want to survive, you must need capital injection.

The current Tencent is just a pretty good small company. Thanks to the addition of the "QQ card" revenue channel at the beginning of the year, it has successfully turned losses into profits. This year's revenue is expected to reach more than 200 million yuan, with a profit margin of about 55%. Ye Dongqing remembered its name.

  So, after meeting this road show, I happened to have nothing to do, so I found a reason to ask for an admission ticket.

  Bonny Ma was very happy about Ye Dongqing's uninvited visit, because he could tell reporters that his company was being watched by Wall Street.

  Ordinary residents of New York mostly hate Wall Street, thinking that the people there are a bunch of greedy vampires, which is true, but its gold-lettered signboard is loud and suitable for advertising.

  Ye Dongqing didn't know what the other party was planning. Hearing Boni's question, she said that she came here from New York just because of this road show, and wanted to know about the company.

He knows how big the company will be in the future, but he doesn't know much about the situation in this era. He checked the Internet a few days ago, and there is not much information. He is now tentatively asking: "Mr. Ma, I heard that your company Nearly half of the shares are in the hands of a South African company?"

The most news about Tencent on the Internet is to marvel at the fact that a company was willing to acquire the shares of this company at a valuation of up to 60 million U.S. dollars last year. America is developed.

Bonnie Ma said helplessly: "Yes, MIH Group in South Africa is fortunate to have this company's help, otherwise I wouldn't be standing here to talk to you today. The reason why the revenue reached more than 200 million is because It injected money into my company.

In June last year, MIH Group acquired the shares held by IDG Group and Xiangjiang Little Superman at a valuation of US$60 million, and then bought them from some management, not half as much, and currently holds 41% of the shares Around two o'clock. "

Before investing in a company, one must first understand the shareholding structure. During this period of time, the young man surnamed Ma often mentioned to potential investors that the data had already been recorded in his mind. He thought Ye Dongqing wanted to invest in his own company. How could he know this guy? It turned out that it was because of running away that he hid in Xiangjiang and dared not go back.

Speaking of MIH Group in South Africa, it is listed on NASDAQ and Amsterdam Stock Exchange at the same time. Its main business is interactive TV and pay TV. The current market value is as high as more than three billion US dollars. Ye Dongqing's worth is not as much as the other party's fraction. Not even as rich as Bonnie Ma in front of him.

With the sharp increase in sales and the number of users since the second half of this year, Pony Salted Fish, who was about to be driven crazy by funds a few years ago, has turned around and still holds more than 20% of the shares. Based on the current valuation, it has already He is a rich man worth forty to fifty million dollars.

  Of course, the valuation comes back to the valuation. If someone buys it, it will be money, and if no one buys it, it will become a bubble.

  Ye Dongqing felt that there must be a guy with a vicious vision in the MIH Group, otherwise he would never have traveled all the way to invest in a Huaxia Internet company under the bad market environment last year.

  This is foresight. From last year to now, many companies with huge sums of money have started to invest in potential stocks at the bottom. These people and the companies themselves have not figured out how correct the decision is.

  Based on the market value that Bonnie Ma said, MIH Group only spent 20 to 30 million US dollars to successfully win the position of Tencent's major shareholder. The value of this asset will at least multiply by a hundred times in the future.

  If he had money in his hand, he would like to take this batch of shares. Unfortunately, the current situation is unclear, and it is still uncertain whether he will lose money until he owes a debt. He has no money to invest.

  I really hate this terrible feeling that there is a golden mountain in front of me, but I can only look at it from a long distance. On the surface, I am calm, but I am already vomiting blood in my heart.

   There are still many guests to entertain, so I took the time to chat with Ye Dongqing for a few minutes, the young man who is the decision maker of the company left, he found a chair to sit down, and read Tencent's briefing.

  The so-called road show is actually a way for the company to communicate with potential investors before listing. It will be listed on the Hong Kong Stock Exchange, but the specific time is not clear.

Several middle-aged people around were chatting in low voices. Ye Dongqing overheard that it would be difficult to go public in the short term. Regarding one of them bluntly saying that this company has no future, he smiled and said nothing. They were holding documents with the words "MIH" written on them. Needless to say, most of them worked for that media group.

South Africa is located in Africa, and it is the second largest economy in Africa, second only to Nigeria, which is extremely rich in natural resources. However, South Africa’s richness has nothing to do with black people. The “Apartheid Act” was not overthrown until a few years ago. It was decided to drive the white people out of South Africa.

   This MIH group is an out-and-out Western company, no different from those companies on Wall Street.

After hesitating again and again, Ye Dongqing got up. After tidying up his clothes, he walked over and asked them in authentic English: "Gentlemen, I am the CEO of Fresh Water Fund Company, headquartered in Wall Street. Now I have time to talk to me about business matters. business? Tens of millions of dollars of business."

  A bald white man shook hands with him and asked, "Freshwater Fund?"

   He also asked the people around him with his eyes, and they all shook their heads, saying that they had never heard of this company. There are so many companies on Wall Street, and there are only a few of them that are well known to everyone, which is not surprising.

  Ye Dongqing, this stinky shameless person, lied again with his mouth. He said: "The company has just been established, and I have business contacts with Edward Johnson Jr. You should know his mother, the one from Fidelity Investments."

When the giant Buddha was moved out, the people in front of them suddenly showed surprise. The MIH Group is not small, but compared with Fidelity Investment, it has become a small fish. Any company that manages hundreds of billions of dollars in assets, in all No occasion is taken lightly.

  The attitude became gentle in an instant. Hearing Ye Dongqing deliberately mentioned it, the old man who looked like a supervisor subconsciously thought that he was helping the Johnson family. He smiled and said, "Hi, is there anything I can do for you?"

   "Call me Leo, I want to talk to you about the price you need to pay before you are willing to sell us the Tencent shares held by MIH Group..."

  (end of this chapter)