Omniscient Investment Point - Chapter 216



Only Noblemtl

216. One more leap – 4

(1)

Certainly, Kim Kyung-soo’s expression was bright.

So that’s what I said.

“I guess something good is going on.”

“I have. But will I be able to do as much as you? I’ll be a new groom soon.”

“It’s decided for me. But I think there’s an unexpected surprise in store for you, so I’m starting to get curious.”

“Okay. I’ll let you go today. One drink first?”

“Cheers~”

“Bravo~”

Ta-da! The guy clinked his glasses with mine, gulped down the soju, and seemed to be organizing his thoughts while chewing on the side dish.

“Has it already been three years since I told you I would become the king of hotels?”

“In years?”

“Yeah. But since there hasn’t been much progress yet, it was a bit odd to see your face.”

“What are you talking about? You invested properly in two hotels and had a huge exit?”

In fact, after this guy acquired Samyang and Pyeongtaek Hotel, he remodeled and upgraded them and made several times the profit.

And with that money, they were building the Saemangeum Hotel, and now they were targeting Jeju Island.

On a more positive note, both are five-star hotels.

The very idea that there was no development was absurd.

“Well, this is how business is. I got the feel for it. But I didn’t get the feeling that I had succeeded as a hotel owner.”

“Instead, why don’t you think of it as providing seed money for a five-star rating?”

“Is that so?”

“Of course. Both the Saemangeum hotel, which will be completed next year, and the Jeju Island hotel that will be opening soon will be five-star hotels, so they won’t be sold unless absolutely necessary, right?”

“Of course. Oh, naturally, I can’t help but talk about Jeju Island. Ugh… … .”

“Speak. Stop being so quiet.”

“Okay, okay.”

Although he answered like that, the guy only started telling the story about Jeju Island after pouring another sip of soju down his throat.

“I think I can finally bid on that hotel listing I mentioned last time. This time, it’s for real.”

“Oh, really?”

“Yeah. The real estate PF issue has been holding us back for a while now, right? In particular, the government has ordered all local governments to strengthen their guarantee obligations, and Jeju Island has been postponing bidding for fear of covering up bad debts. But when I asked today, they assured me that a date will be set soon.”

“You didn’t say when that would be?”

“Around May.”

“Wow, that’s great.”

“That’s good. Up until now, it was a bit lukewarm, but today he said this. If we do it on Good Day, I think there won’t be a problem. Hahaha.”

The guy’s thunderous laughter hit my eardrums.

This is Good Day, because the name is full of pride.

Actually, the news that ‘G Company’ is having a good day has spread secretly in the media recently.

The local government would have decided to bid because it knew that information.

“So where are you going to get the money?”

“I have to think about that from now on. But I think that needs to be resolved in Jeju Island. Saemangeum was also resolved in Jeollabuk-do.”

“I guess so.”

“Oh, you don’t have to worry. No matter what I do, I won’t depend on you.”

The topic that came back again was Kim Kyung-soo, who was confident that even the real estate PF that was absolutely necessary when building something was available.

I smiled broadly at that and said to myself.

‘Don’t worry.’

Rather, I look forward to the day when I will have a hotel king friend.

(2)

The next day, an article published early in the morning lifted the veil on where negotiations with Suwon ENC were taking place.

『Susung ENC Sale Negotiations Revealed to Good Day Group』

Although it was actually a late bloomer, the ripple effect was significant.

“Where is the Good Day Group?”

『Good Day, expanding from construction materials to hotel business and secondary batteries』

『Good Day, with its solid internal structure, will it even eat up Su-seong ENC and immediately raise the group’s asset ranking?』

『Good Day’s acquisition of Suwon ENC is no different from a backdoor listing』

Because of this, the stock price of Suwon ENC began to skyrocket.

It hit the upper limit until the end of the session and also soared to an all-time high over the counter.

However, Good Day gave a very cautious response regarding the article last night.

『I am interested in Suwon ENC, but nothing has been decided yet… … .』

The thing that stock investors hate the most is uncertainty.

At this, there was chaos in the Suwon ENC stock discussion room.

– Isn’t this something that can be taken out?

– All my money was lost because of those chanties.

– Don’t pretend to be an investor! You’re killing the Good Day small shareholders twice!

– But honestly, isn’t Good Day not a place with solid financial resources?

– Yeah, and besides, it’s a short-term and long-term debt of 4 trillion won, so it seems like it would be difficult to take on that right away.

– Of course. But no company would take over and take on all that debt.

– But I heard that while Suwon ENC has 4 trillion in debt, its assets are more than that?

– Well, if it can’t be cashed out, it’s not money, it’s just poop. Anyway, I guess I’ll get out.

All of this is true, so sometimes I couldn’t help but be surprised when I saw Jongtobang.

‘These days, retail investors are really smart.’

He was excellent at acquiring information, collating it, and making predictions from it.

This is why the reality is that financiers need to work harder.

If you are not careful and neglect your studies, you could end up becoming an analyst or manager who is worse than an individual investor.

Anyway, as the heated atmosphere in Jongtobang cooled down again, the next day it fell by 10%.

There was also news that the mood was getting worse.

『Susung ENC, we will never sell unless the price is reasonable!』

This meant that he wanted to get paid what he wanted.

‘You’re trying your best.’

Even so, Su-seong ENC was not the best.

Good Day is a good day because you don’t have to buy it.

In fact, as soon as the article came out, Kim Kyung-jin came forward for an interview as if nothing had happened.

– We’ve done a lot of internal reviews. But the short-term and long-term debts are much higher than expected. It won’t be easy.

Surprisingly, when he appeared on an economic TV show and explained it himself, the reporters wrote down what he said verbatim.

『Good day, I’m interested in Su-seong ENC… … .』

“Suwon ENC, there is no revival of the article!”

Suwon ENC has once again entered the path of decline.

and…….

『The new government plans to never invest public funds in insolvent companies!』

That evening, I was hit with a fatal counterpunch.

(3)

The person who said that public funds would not be injected into insolvent companies was Song Jae-hwan, the new government’s chief economic official.

The corners of Kim Kyung-jin’s mouth go up as he reads the article.

‘Thank you.’

At the same time, my eyes were fixed on the incoming phone call.

– Panyuseong

The owner of this unique surname was the chairman of Susung E&C.

Usually, the information is conveyed through the Chief Secretary, so why did you call me directly like this?

‘It was urgent.’

Kim Kyung-jin received the call with the corners of his lips still raised.

“hello?”

– Director Kim! No, is this okay?

“What do you mean?”

– You’re talking about media play. Is it okay for it to be this dirty?

Pan Yu-seong was thirty years older than Kim Gyeong-jin.

So, no matter how loud he raised his voice, Kim Kyung-jin tried to be polite.

“sorry.”

– Ugh… … .

When I said I was sorry, I heard Pan Yu-seong groaning.

There is nothing more to say.

However, the judgment was a misjudgment.

– Well, let’s just move on from this. So, when will we see each other again?

“Well, when I said I was sorry, I meant I wouldn’t negotiate any further.”

– … … !

I couldn’t hear anything, but I felt a startle.

But Kim Kyung-jin was sincere.

To be exact, I didn’t really want to get hung up on it.

If you offer better conditions, that might be fine… … .

– Hey, Director Kim? Where is this law?

“There’s nothing we can do. We also have a limited amount of money to spend.”

– No, so shouldn’t there be some compromise?

“The gap between the intended acquisition price and the selling price is too big. That’s why I said sorry.”

– Oh, don’t be so blunt in your words… … .

“We are already looking elsewhere. We are truly sorry.”

These words were not a lie.

As the PF insolvency issue continued to be reported in the media, there were many companies on the verge of insolvency and bankruptcy.

The largest of them was Su-seong ENC, and the site in Cheongdam-dong looked good, so we tried it.

‘I’m not giving up on that, am I?’

It seemed like the takeover should be done with this kind of mindset.

Kim Kyung-jin is a businessman with such cool-headedness.

This worked well.

– Wait! Give us some time to think about it. I’ll try contacting the creditors again.

“Then, please contact me and get back to me.”

There was no need to give that deadline until when.

Next month, Su-seong E&C, which will go bankrupt and even go bankrupt, is practically on a time limit.

Is it really necessary to set a date?

– Okay. I’ll contact you as soon as possible, so don’t negotiate with anyone else. Okay?

“I will do that.”

After hanging up the phone, Kim Kyung-jin raises the corners of his mouth again.

I think I know why Panyu has become so impatient again.

‘You figured me out.’

If so, it wouldn’t be a bad idea for the person doing the negotiating to think this way.

Because it will increasingly be advantageous for us.

As expected, the next day, Pan Yu-seong called right away.

– Saemaul Savings said that they will definitely extend the maturity date. Debt can also be adjusted, so let’s start negotiations.

Now that I’ve confirmed that you’re in good shape, there’s nothing you can’t do.

‘The Saemaul Savings Fund must have been in trouble.’

The new government’s declaration that it would never use public funds must have been ringing in their ears.

Because it would be the beginning of the insolvency of Suwon ENC.

‘The negotiations will go well.’

It was a stroke of genius to have stockpiled a lot of cash assets for today.

It was another moment when my father’s prudence shone through.

(4)

『Good Day and Su-seong ENC, Entering Renegotiation』

I saw another article pop up and chuckled.

‘This guy is good at negotiating.’

So, we can look forward to the future of Good Day Group.

At the same time, if he asked for a consortium to acquire Suwon ENC, he was ready to accept it unconditionally.

‘In fact, once the development of Cheongdam-dong begins, the profits alone will be enough to cover the acquisition cost.’

Cheongdam-dong, the yolk of Gangnam.

You can build apartments, officetels, or even use it as commercial real estate.

Anything that guarantees trillions of dollars in profit.

But why couldn’t Su-seong ENC do this?

Digging the ground costs money, and that cash is running out.

Even when trying to borrow money, the debt that was so deep it reached my throat was an obstacle.

On the other hand, the acquirer Good Day is different.

When I looked into it, I found that not only was the cash asset low, but the debt ratio was also very low.

That means you can take out a loan and get the job done.

Infinite cash generation is possible from secondary batteries in the future.

Of course, investors like me will have no choice but to line up.

‘Now that we’ve started the corporate due diligence, things will go smoothly.’

This looks like it’ll be quite fun to watch.

Of course, you can see the conclusion after you go on your honeymoon.

‘I’ll buy some popcorn, bro.’

Come to think of it, the time to get married is really imminent.