Omniscient Investment Point - Chapter 228



Only Noblemtl

228. Fruits are best when shared – 2

(1)

“200 million won in cash and 700,000 shares of Dr. Carty stock.”

“······!”

Tak Jun-seok’s eyes widen at the bonus amount offered as soon as he sits down.

That’s understandable, since Dr. Carty’s current stock price is $41.50, and if you multiply that price by 700,000 shares, it’s roughly 300 million won.

That means the bonus is 500 million won.

“I just put a spoon on this, but I feel like I’m receiving too much, so it’s a bit like that······.”

“You don’t have to accept it.”

“it’s crazy?”

“ha ha ha.”

I laughed heartily and then immediately changed the subject.

“Instead, please complete the acquisition of Madam Securities.”

“Ah, that······.”

As the subject changed, a look of concern appeared on his face.

“I don’t know if it’ll be okay.”

“why?”

“There is talk that Su-seong ENC is passive in its self-rescue efforts.”

“yes······.”

“Did you hear that, sir?”

“I heard. The person who showed the intention to take over whispered about it.”

“ah······.”

Tak Jun-seok, who knew that my family and Kim Kyung-soo’s family were close, nodded and continued the story.

“They say that the difference between going into and coming out of a bathroom is different. When the creditors extended the maturity date, they immediately changed their story and said that the sale would only be for the construction sector.”

“That’s right. But even though the construction market is hitting rock bottom, it still has a long way to go before it recovers. Broadcasting stations, golf courses, and logistics warehouse waste disposal companies are the real deal······.”

“That’s right. I’m also getting up from the takeover negotiation table. But I don’t know what I’m going to do when the maturity date approaches again.”

“Well, I think he’s thinking of borrowing money from somewhere in the meantime.”

“It’s over 2 trillion this year alone. Where are we going to get that?”

“I don’t know. Where did you get the big money? Whatever, that’s what it is. I hope you can proceed with the wife’s securities.”

“As soon as we take over, there is a risk of PF default worth 100 billion won?”

“Yes, it’s okay.”

“Oh, as expected······.”

Tak Jun-seok looked at me with an expression that said he knew this would happen.

I guess I thought that Dr. Carty’s NASDAQ listing had an influence on my decision.

‘No······.’

It is true that the burden has been lifted.

However, regardless of this blockbuster listing, the company’s intention to acquire the securities firm was firm.

Why? Because among the startups we invested in, there were ones that were waiting to be listed in the future.

If the acquisition of Susung ENC by Good Day Group falls through, it seems likely that the company will formally aim for an IPO.

As expected, after sending Tak Jun-seok away, I received a call from Kim Kyung-jin.

– hello?

“Yes, brother.”

– Can you talk?

“Yes, yes, go ahead.”

– The thing is, we are about to go public.

“Ah~”

I didn’t even ask why the plans changed.

He didn’t even ask why he didn’t ask.

Instead, the next day, the answer was in one of the article titles.

『Good Day Group will not acquire Susung ENC!』

In short, the sale of the construction company fell through for Suwon ENC.

‘Tsk tsk tsk······.’

I clicked my tongue inwardly.

Naturally, the target is the Mercury ENC Group’s Panyu Seong.

‘I have a few more months left to live, but that will be my last breath······.’

It was a moment where I realized once again how foolish humans are.

(2)

That afternoon, Pan Yu-seong’s trick was leaked as a media headline.

『Susung ENC will sell its subsidiaries and revive its construction sector!』

This message is interpreted as a request for creditors’ assistance in efforts to sell the subsidiary.

Of course it’s a lie.

Since the efforts will not lead to results, there will be a flood of news about the sale of a specific subsidiary that is currently in negotiations.

What if the creditors reduce the PF interest and extend the maturity date?

‘The sale of the subsidiary will likely be delayed.’

Then why do we do this?

It’s a debt that has to be repaid someday, and it won’t go away just by killing time.

The reason was closely related to the real estate market.

If it hits bottom and shows signs of a rebound, Suwon ENC can enter the sale without incurring a loss.

If it were a real rebound, we could even dream of selling it at a high price and paying off the PF with the deposit.

‘But, what should I do······.’

What Pan Yu-seong, the chairman of Suwon E&C, overlooked.

The new government that is about to take office is less interested in real estate than any previous government.

Despite early signs of that, construction companies and real estate agents were still holding out hope.

Actually, it will be different once the government comes into power.

‘indeed······.’

In the midst of all this, another article came out the next day.

『New government official, Dr. Katy, I envy your jackpot listing, but the domestic market environment also needs to be created······.』

After reading the content, I found that while congratulating Dr. Carty on his NASDAQ listing, he expressed regret that a good company had turned away from KOSPI and KOSDAQ and chosen overseas.

Perhaps the anonymous source here······?

‘Is this that gentleman?’

For some reason, Song Jae-hwan comes to mind.

So, as soon as I read the article, I dropped a message.

– Are you sure the person who was interviewed for today’s article is you?

The answer came after a long time.

To be exact, his name appeared on the LCD of my smartphone.

– hello?

“No, you must be busy, and you even called…? You could have just sent me a simple text.”

– I was thinking of making a phone call.

“Huh? Do you have anything to say?”

– First of all, let me congratulate you.

“Ah, haha······.”

Dr. Carty’s Nasdaq listing is a huge success and I think he’ll be receiving a lot of congratulations in the future.

However, since I also had to deal with jealousy and envy, I had to at least pretend to be humble.

“I was lucky.”

– What are you talking about? It doesn’t suit you. Just say it’s skill.

“Yes, yes, it’s skill. This 50 trillion won market capitalization was included in my calculations.”

– nice······.

“Anyway, it was you who did the interview, right?”

– No, it was someone else on the takeover committee. But that person just relayed the president’s wishes.

“Huh? Really?”

– Yeah. The president said it was too bad that our country’s pharmaceutical companies were listed on NASDAQ.

“Hey, you don’t have to think like that?”

– That’s right. I told you that. We’re raising money in the US and investing it in business in Korea. So there’s no loss.

“And then? What did you say?”

– I know that too, Mr. President, but I guess he wanted the domestic individual investors to enjoy the huge increase this time.

“Wow······. Anyway, these days, fintech is so developed that individual investors are investing a lot in NASDAQ, right?”

– That’s true, but wouldn’t you say that a publicity effect is needed before the new government comes into power?

I chuckled.

If you look into the details, it was actually a great boost to national prestige that the company was listed in the US rather than in Korea.

As I said, it is because we can raise money from the American capital markets and accelerate Dr. Carty’s development of new drugs.

Moreover, seeing that Dr. Kati is highly regarded and its stock price is still maintained, foreign investors are currently turning their attention to Korean pharmaceutical and bio companies.

This is what I heard after I came to Korea and had a brief conversation with Liam Christopher.

However, seeing Song Jae-hwan mention the publicity effect, it seemed like the new government had made up its mind.

We will definitely eliminate the Korea discount in the next five years.

So I didn’t say anything further and said this.

“Okay. I’ll try to get the second Dr. Carty listed in Korea. Let’s do an interview like this.”

– Is this an interview?

“Then what else?”

– Let me properly explain what I’m going to list.

“omg······.”

– Please save some face for me.

“haha······.”

Me smiling awkwardly.

But soon he nodded and gave a positive answer.

“all right.”

– really?

“Well, the new government’s intention is to support stocks, so we should cooperate. In the long run, it will be good for us.”

– Yeah, good idea. Hahaha.

Song Jae-hwan, who immediately felt better after hearing my words, burst into laughter.

– Oh, I’m busy, I have to hang up. Well, I’d like to ask you for an interview. Okay?

“Yes, yes, I understand. Come in~”

If you want it, you have to do it.

No, for a win-win, we have to do it unconditionally.

(3)

Anyway, there were quite a few interviews that were piling up.

Right now, what the reporters are curious about is the hit doctor, Dr. Carty.

“Where should we look, Manager Kwak?”

As soon as I came out of the representative office, I called Kwak Hyeon-woo.

By the way, the morale of the employees has reached its peak as they have been receiving a lot of bonuses for several days.

“Yes, sir!”

The proof is Kwak Hyun-woo, who quickly approaches me the moment his name is called.

“You’re going to do an interview, right? A press conference is a bit much, so let’s have dinner together like we used to, like a press conference. Please tell them.”

“all right!”

Even though this isn’t some kind of military unit that obeys orders, the guy’s answer is loud.

I chuckled and called Tak Jun-seok again.

“Director, we will confirm the listing of Sol Fashion today.”

“Huh? Really?”

“Yes, Madam Securities will be the lead manager, so please prepare the preliminary examination application form.”

“Okay, I got it.”

Sol Fashion is also preparing for listing this year.

The growth rate and operating profit rate of that place, which aims for Korean-style luxury goods, are enormous.

So, like Dr. Carty, I’m only aiming for a half way exit, not a complete exit.

“Oh, but Mr. CEO, what is the approximate market capitalization and should we start preparing?”

“What about the center director?”

“We are 3 to 5 trillion?”

“and······.”

“Even though it is a bit overvalued, I think we will easily achieve a 100 billion won operating profit this year.”

Depending on how you look at sole fashion, it can only be categorized as clothing.

In that case, since it is difficult for the domestic clothing industry PER to exceed 10, Tak Jun-seok’s forecast of aiming for a PER of 50 with an operating profit of 100 billion won may have sounded unrealistic.

“First, by my standards, the operating profit rate is usually converted into PER. Therefore, since the operating profit rate is 50%, the PER should be 50.”

“Okay, I’ll just give it to the reporters.”

“Reporters should know better. In Korea, my calculation method is considered standard.”

“but······.”

Tak Jun-seok represents domestic value investors.

There were also quite a few instances where reporters cited his methods.

“Moreover, the level at which Doctor Carti looks at us this time is no joke.”

“is it so?”

“Yes. If JTS Partners invests, it’s a sure bet to hit the jackpot. That’s why we’re categorizing JTS themes separately these days.”

“ah······.”

I think I know what you mean.

If you go to a stock portal, you will see a list of industries and themes.

One of the more unusual themes has emerged recently.

That was JTS Partners, and when you click on it, the stocks and related companies we invest in, such as Forte Bio and Daehyun Technology, are listed.

“I guarantee you that Soul Fashion will be a huge hit right from the demand forecasting stage.”