Chapter 402 Golden Signboard

Chapter 402 Golden Signboard

Chapter 402 Golden Signboard
Since this time.

Penguin's stock price is gradually correcting to a reasonable price. No matter how much it will be worth in the future, the stock price is indeed not cheap compared with its earnings.

This year, Penguin Group's total revenue in the first quarter was approximately RMB 6.8 million, gross profit was approximately RMB 4.6 million, and net profit was RMB 2.39 million.

If this data is maintained in the second, third and fourth quarters, it means that the net profit this year will be less than 10 billion yuan, while the peak market value briefly reached 300 billion Hong Kong dollars some time ago.

Converted into a price-to-earnings ratio, it has remained at around 27 times in the past week, far exceeding that of other Hong Kong Stock Exchange-listed companies and higher than the average price-to-earnings ratio of Nasdaq technology stocks. Investors therefore believe this to be strong evidence that "Penguin's stock price is overvalued."

It has only been four or five years since the Nasdaq bubble crisis at the beginning of this century, and many investors and institutions are still haunted by it. They have begun to use price-to-earnings ratio as an important indicator to measure the value of Internet companies, for fear of falling into the trap again.

The current situation is that Penguin's stock price is falling, but Youtube's valuation is still skyrocketing. Its pace of expansion into overseas markets is particularly smooth. It has entered major markets such as Europe, South America, and Australia, and is deeply loved by young people.

While one thing is growing while the other is declining, there has been no change in the offer that Fan Wumian made to South Africa's Naspers Group.

This made him suddenly realize that perhaps the offer was too generous, which would make the management of Naspers Group see how much he valued the penguin stocks and then try to make more demands.

then.

While Xiao Ma was in the bathroom, Fan Wumian told Pu Jiajing a few words and asked her to notify Lei, the manager in charge of acquisitions, to help him do something.
The largest shareholder of a listed company may be replaced. For such an important matter, it is no wonder that Brother Ma would be more cautious and come to communicate and negotiate with Fan Wumian in advance.

If the talks do not go well, the management team headed by Xiao Ma Ge will not only not assist Fan Wumian in completing the acquisition, but may even have the power to block the transaction.

For example, by creating favorable news to raise the stock price, or by influencing the management of Naspers Group, making some private promises, etc., there is a high probability that the acquisition results can be directly reversed.

fortunately.

Ma has a good impression of him and values ​​Fan Wumian's influence among young people. He thinks having a big star shareholder will actually help the company's development more than South Africa's Naspers Group.

In addition, the American Citigroup is eyeing MIH, the core subsidiary of Naspers Group. That is truly inviting a wolf into the house. Therefore, Pony Ma still hopes to assist Fan Wumian to complete the acquisition as soon as possible.

In fact, recently, all the good news, such as the sharp increase in active game users and revenue data in the second quarter, and the number of daily active users on Penguin Weibo exceeding 775 million, have been temporarily suppressed by Pony Ma in order to make it easier for Fan Wumian to discuss the acquisition.

It doesn't matter if you don't say this kind of thing, but once you say it, it will become a violation, so Xiao Ma Ge didn't mention it in front of Fan Wumian and just pretended that nothing had happened.

Back next to the golf course.

Brother Ma stood and said:

"Mr. Fan, your business is really extensive. The large piece of land near Shenzhen Bay has increased a lot since it was acquired. I noticed that the housing prices in Shenzhen have been rising over the past few months. Several of my friends who are engaged in development have made a lot of money and are busy acquiring land everywhere. They also mentioned to me that they want to meet you and invite you to dinner when they have time."

That large piece of land by the sea has been left undeveloped for the time being.

Construction companies that are taking on projects, real estate companies that are hoping to cooperate, and various companies that sell building materials have long been trying to negotiate cooperation with Fan Wumian, hoping to get a piece of the pie from this super urban complex project.

Fan Wumian calmly said after hearing this:

"No problem, but I have to go abroad to film at the end of the month, and I don't plan to move this piece of land for the time being. I really don't have any idle funds, so I have to wait a while."

In his eyes, this project is almost equivalent to saving a pension in advance, and buying hundreds of villas at one time, plus several high-end residential buildings and office buildings.

Compared with the purchase price, the land price has increased by 20% to 30%, which is equivalent to several hundred million more book wealth.

When others make money, they either rely on their ability, vision, or luck. But for Fan Wumian, he can make money just by doing nothing by relying on the information gap.

He continued to say to Xiao Ma:

"The design company just made a sand table model for me. I've only seen photos of it. How about we go take a look together?"

There was no other work arranged, and Xiao Ma was just sitting idle. After hearing this, he said cheerfully:
"Go now? The media said that your project has a total investment of over 10 billion yuan and will be used as a benchmark for future urban development. How can I miss this opportunity to broaden my horizons?"

"I still remember the first time I went to Hong Kong when I was young. Standing by the Victoria Harbour, the night view was simply stunning. At that time, I thought, it turns out that a city can be built like this."

"But Shenzhen is not bad now. A building of Ping An Group is being planned. It seems to be about 600 meters high. The development of Shanghai is also very fast."

Fan Wumian has lived in Hong Kong for so long, and his impression of many places is that they are shabby and not as exquisite and luxurious as countless people imagine.

There are many unlucky people who work in high-rise buildings in Central during the day and go home to live in subdivided flats of more than a dozen square meters at night. Due to the high prices, the pressure of life is particularly great.

Like his cheap father Silly Old Fan, even if he didn't give up in his early years, his family's life could only be slightly better, so many people choose to just lie down and maintain a low-desire life, which is more comfortable.

If you traveled to Hong Kong from the mainland during the 90s, it would be easy to be dazzled by the dazzling night view on both sides of the Victoria Harbour, just like Liu Laolao entering the Grand View Garden.

Following the topic, Fan Wumian replied:

"It's just like that once you get used to it. As long as your wallet is thick enough, you can enjoy life anywhere. When the mainland economy gets better and there are more buyers, there shouldn't be a shortage of buyers for the properties I build. Rather than speculating on land, it's more like gambling on the fate of the country."

"Not yet. There are too few potential high-quality buyers. How about leaving a building for Mr. Ma after my villa area is developed?"

"We won't make money from you, we'll just give you the cost price. With you as our golden signboard, the community's grade will go up immediately."

Xiao Ma smiled and said:
"You live there by yourself, it's already the most solid gold signboard, why do you need me? When the time comes, I will definitely go to support you without you asking. Just give me a discount according to the market price. I will tell the company executives later that those who want to buy a house can wait and move in with a group to your place later."

"."

Thinking about these residential projects, they will probably hold on to them for a long time and only sell them when the prices reach a high level.

Fan Wumian felt that if he delayed the Penguin Group employees from buying houses and made them miss out on a huge fortune, he would probably be put in a sack and beaten.

Therefore, he decisively said to Xiao Ma Ge:

"Forget it. I don't know when my residential building will start construction. I can just offer some discounts to attract them to buy it. There's no need to wait for me to start selling it."

As we talked, we walked and got in the car and arrived at Shencheng Bay.

The land belonging to Fan Wumian is still a wasteland for the time being, and a mobile house is temporarily built there.

The design company has moved the sand table model here. From south to north, there are villa areas, high-rise residential areas and office buildings.

Among them is a skyscraper that is temporarily designed to be 305 meters high, and its shape is very similar to the Spring Bamboo Shoot Building in our impression.

It is still in the "draft" stage at the moment. Since it is planned to pay the land transfer fee in the later stage and expand the area of ​​residential and office buildings, it is obviously a waste of money to design in advance.

Brother Ma watched the sand table with great interest, and he was so envious that he said:
"Given the current size of Penguin Group, it seems like we can start considering building a headquarters building. Otherwise, we can get a piece of land nearby and become your neighbor. It can also be considered as taking care of your business."

If Penguin's headquarters is moved here, employees will buy houses nearby, go shopping in shopping malls, and arrange business receptions in hotels, so they can naturally take care of the business.

Fan Wumian pointed at the Chunsun Building:

"There's no need to go through so much trouble. This building is too tall, and I don't have that much business. Why don't we make it wider and taller? Then we can invest together? It's better to build it ourselves than to rent it to others. It can also help the company to legally avoid taxes."

Although Xiao Ma Ge was tempted, he replied helplessly: "The problem is that the company doesn't have that much money. It's better to rent some floors for office use."

Fan Wumian smiled and said:
"It doesn't matter. If you don't have it now, maybe you will have it in a few years. You don't need to take it out right away."

(End of this chapter)