Chapter 79 Potential Stocks (2/3)
Participating in a roadshow is purely a coincidence.
Tencent is ambitiously preparing to go public. The Internet industry has been in a bad market in the past two years. Many companies are facing the dilemma of cash flow breakage. 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, and the liquidity of the entire industry has dropped to freezing point. A large group of potential companies have gone bankrupt due to a break in the capital chain in the long winter, layoffs, reduced spending, and lowered welfare events occur at both ends of the Pacific. If you want to survive, you will inevitably need to inject funds.
Tencent is now just a pretty good small company. Due to the addition of the revenue channel of "QQ card" at the beginning of the year, it 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 remembers its name.
So, after happening to encounter this roadshow, I happened to be idle and found a reason to get an entrance ticket.
Boni Ma was very happy about Ye Dongqing's uninvited arrival, because this way he could tell reporters that his company was being paid attention to by Wall Street.
Most ordinary residents of New York hate Wall Street and think that the people there are a bunch of greedy vampires. This is true, but its golden sign is well-known outside and is suitable for advertising.
Ye Dongqing didn't know the other party's little abacus. When he heard Ponny ask, he said that he came from New York because of this roadshow to understand the situation of the company.
He knew how large the company would be in the future, but he didn't know much about the situation in this era. He checked it online a few days ago, and there was not much information. He was asking tentatively: "Mr. Ma, I heard that nearly half of your company's shares are in the hands of a South African company?"
The most news about Tencent on the Internet is that it is amazing that a company was willing to acquire shares of this company at a valuation of up to 60 million US dollars last year. It seemed like something amazing. There were not many descriptions of the specific situation and the Internet resources were not as developed as in the United States.
Boni Ma said helplessly: "Yes, South Africa's MIH Group, fortunately, this company has helped, otherwise I wouldn't have stood here to talk to you today. The reason why I achieved revenue of more than 200 million is because it injected some money into my company.
In June last year, MIH Group acquired shares held by IDG Group and Xiangjiang Xiaochao Ren at a valuation of $60 million, and then purchased them from some management teams. Not half that much, and currently holds about 41.2% of the shares."
Before investing in a company, you must first understand the equity structure. For this period of time, young people surnamed Ma often mentioned to potential investors that the data had been remembered in their minds. He thought that Ye Dongqing wanted to invest in his own company, but he would not know that this guy actually hid in Xiangjiang because he ran away and did not dare to go back.
Speaking of South Africa's MIH Group, it is listed on the Nasdaq and Amsterdam Stock Exchanges at the same time. Its main business is interactive TV and paid TV. Its current market value is as high as more than 3 billion US dollars. Ye Dongqing's value is not as good as the other party's fifteenth, and even less rich than Poni Ma in front of her.
With the significant increase in sales and user numbers since the second half of this year, Poni Salt Fish, which was about to be driven crazy by funds in the past few years, has turned over and held more than 20% of the shares. According to the current valuation, it is already a rich man with a net worth of 40 to 50 million US dollars.
Of course, valuation is valuation, and it is money for someone to buy it, but it is a bubble for no one to buy it.
Ye Dongqing felt that there must be a guy with a stingy vision in the MIH Group, otherwise he would never have come far to invest in a Chinese Internet company in the bad market environment like last year.
This is a visionary. From last year to now, many companies with huge capital have begun to buy bottom-line potential stocks. Neither these people nor the companies themselves have figured out how correct the decision they have made.
According to the market value that Boni Ma said, MIH Group successfully won Tencent’s position as a major shareholder after spending only 20 to 30 million US dollars, and the value of this asset can be increased by at least a hundred times in the future.
If he had money in his hand, he wanted to take over this batch of shares. Unfortunately, the situation is unclear now, and it is difficult to determine whether he will lose money and have no money to invest.
I hate this bad feeling of putting a mountain of gold in front of me, but I can only look from a distance. On the surface, I feel calm and vomiting blood in my heart. This is all money...
There were still many guests who wanted to entertain him. After taking time to chat with Ye Dongqing for a few minutes, the young man who was the company's decision-maker left. He found a chair and sat down, and read Tencent's briefing.
The so-called roadshow is actually a way to communicate with potential investors before the company goes public. It will be listed on the Xiangjiang Stock Exchange, but the specific time is unclear.
Several middle-aged people around were talking in a low voice. Ye Dongqing overhearded that it would be difficult to go public in the short term. He said unconcealedly that the company had no future. He smiled and said nothing, and turned his attention to several white people. They were holding documents with the words "MIH" written in their hands. Needless to say, they were mostly working in that media group.
South Africa is located in Africa and is the second largest economy in Africa, second only to Nigeria, which has extremely rich natural resources. However, South Africa's wealth actually has nothing to do with the black people. The "Apartheid Act" was not overthrown a few years ago and decided to drive the white people out of South Africa.
This MIH Group is a genuine Western company, no different from those on Wall Street.
After hesitating, Ye Dongqing still got up, tidied up her clothes, walked over, and asked them in authentic English: "Gentlemen, I am the CEO of Tamsui Fund Company, headquartered on Wall Street. Do you have time to talk to me about business matters? A business worth tens of millions of dollars."
One of the bald white men shook hands with him and asked, "Tashui Fund?"
I also asked the people around me with my eyes, all of whom were shaking my head, saying that I had never heard of this company. There were so many companies on Wall Street, and there were only a few that were well-known to everyone. It was not surprising.
Ye Dongqing, a shameless person, once again lied to him. He said: "I have a business deal with Edward Johnson, a young man. You should know his mother, Fidelity investor."
The big Buddha moved out and the few people in front of him suddenly showed a look of surprise. The MIH Group is not small in scale, but when compared with Fidelity Investment, it becomes an inconspicuous little fish. Any company that manages assets of hundreds of billions of dollars will not be despised in all occasions.
The attitude became gentle in an instant. The old man, who was like a supervisor, heard Ye Dongqing deliberately mention it, subconsciously thought that he was helping the people of the Johnson family, and said with a smile: "Hello, is there anything I can help you?"
Chapter completed!