Omniscient Investment Point - Chapter 229



Only Noblemtl

229. Fruits are best when shared – 3

(1)

Tak Jun-seok’s assertion that it was a huge hit from the demand forecasting stage.

I could only nod.

That’s understandable, as Sol Fashion, which had sales of 84 billion and operating profit of 16 billion in the last quarter, made a jaw-dropping big jump in January and February this year.

Sales of 80.3 billion and operating profit of 35.2 billion.

With an operating profit of nearly 50%, the market capitalization was certainly in the trillions.

So, after finishing my conversation with Tak Jun-seok, I headed to Sol Fashion to meet Nam Seung-ryong.

“Welcome.”

Since I had called in advance, he welcomed me warmly in his office.

And then he says.

“Maybe because of the listing?”

“Yes, that’s right. The underwriter will use the wife’s securities.”

“I expected it. I saw in the article that the acquisition was confirmed.”

They also watch our movements closely.

No, I didn’t have to look that closely, I couldn’t help but hear it.

This is because after Dr. Katy’s NASDAQ listing, the domestic capital market’s attention has always been following our progress.

“We are currently in the process of conducting due diligence, but we plan to expedite the process. If this is done quickly, the listing of Sol Fashion can also be expedited.”

“Thank you for your concern. Oh, and I guess it’s a good thing you came today.”

“yes?”

“The first quarter results are out.”

“ah······.”

Now that I think about it, it’s time to come out.

Suddenly, anticipation rises.

“Sales exceeded 100 billion won. 112.1 billion won. Operating profit was 46.9 billion won.”

“and······.”

Every time I heard it, I couldn’t help but be surprised.

Who would have thought that the luxury industry would lay such golden eggs?

No, I knew it, but I didn’t know it would be this bad.

“At that level, the operating profit would be approximately 42%.”

“Yes, it did not exceed 50%. Unfortunately.”

Behind the words of regret, eyes full of pride stare at me.

That means you and your company did very well.

You did really well. Not just well, but incredibly well.

If the operating profit is 42%, it will not be able to compete with other stocks with decent performance growth even if it is listed on KOSDAQ right away.

There was one cosmetic medical field that I saw a while ago that was over 50%, but I can’t think of any others.

‘Let’s just wait and see. The market capitalization of that stock is about 2.3 trillion won.’

Since that was the immediate comparison point, I quickly calculated in my head.

From what I remember, the annual sales were 200 billion won and the operating profit was around 100 billion won.

then?

“It may be a bit of a stretch, but I think the market cap could be around 5 trillion.”

“Is that so… me?”

“Yes, if you look at sales, operating profit, and operating profit margin, it’s easy.”

“yes······.”

Nam Seung-ryong’s eyes also wavered, perhaps because the evaluation was higher than expected.

So I laughed.

Focusing on the ‘±100’ blinking in my eyes.

‘That’s just a matter of time.’

When I was leaving Nam Seung-ryong, I received a text message from Kwak Hyun-woo.

– Mr. President, we have a press conference. It’s at a place called Yugajudang near the company. The food here is really delicious.

– Okay, thank you for your hard work.

On that road, I headed to the Yugaju Party where reporters had gathered for a press conference.

(2)

“We should invite you to a hotel banquet hall. The reporters have been reporting so positively on our company······.”

As soon as I entered, I blurted out something I didn’t mean.

Honestly, hotels are a waste of money.

Just, you can eat as much as you want in a place like this.

The reporters keep saying it’s okay without even knowing what I’m thinking.

I sat next to Lim Hong-cheol, following Kwak Hyeon-woo’s instructions.

“Sir, you know that the seat next to me is always reserved, right?”

“Hey, does it make sense? When I get a little excited, I’ll be wandering around here and there.”

“Oh, then I shouldn’t let you drink today. Then, you’ll have to stay next to me.”

“Hahaha, well, if you want to be my black knight, I won’t stop you.”

It’s a nearly impossible story, but I was happy with it.

This means that patients with terminal pancreatic cancer should not drink too much.

Especially after marriage, I held back a lot.

‘You’re saying that people don’t drink alcohol even at housewarming parties these days?’

But today, I can’t not drink at all.

“Thanks to you all, our JTS Partners is growing rapidly. So, I propose a toast. Cheers~”

“Cheers~”

“For~”

“bravo!”

After the first glass was poured, we slowly began a Q&A session.

Because I think they might have a lot of questions.

“By the way, sir, how much profit exactly did you make from Dr. Carty’s listing this time?”

“You know everything, right? I sent you a press release, right?”

“I want to hear it directly from the CEO’s mouth.”

“It is as per the press release. On the day of listing, we exited with 2 trillion won in sales of old shares. As I see today, the remaining shares are approximately 2 trillion won.”

“and······.”

People gape in surprise.

Some people talk to themselves as if they are admiring it.

“oh my god······.”

“Isn’t there anything else to say besides daebak? This is, there’s no suitable modifier.”

Questions keep coming in, one after another.

“As far as I know, the first investment you made in Dr. Carty was the Blind 1 Fund. Is that correct?”

“Yes, yes, that’s right.”

“How much was that fund?”

“It was 15 billion. So this time, it matured early. I have to send it to the investors’ accounts soon.”

After hearing this, some reporters began to engage in conversations that bordered on sighs.

“Wow, I should have joined that fund······.”

“Hey, back then people didn’t even know.”

“That’s right. If I had known, I would have done it all.”

“Did you really say everything you knew?”

“I could never do that. If I were to experience what’s happening now and go back to that time, I don’t know.”

I chuckled as I listened to stories that sounded like something straight out of a fantasy novel.

Well, these days, reporters are so good at embellishing absurd content and turning it into articles, so they’re also good at writing novels.

With this thought in mind, I slowly began to change the course of the meeting in the direction I wanted.

“We will prepare another fund in the future, so if you have any spare money, please put it aside.”

“Of course it should be like that.”

“Yes, yes, I heard that there are a lot of companies lined up to be listed?”

“Right, right. Isn’t Medi-Ai possible too?”

“There’s also Echo & F.”

“Neo-open comes first. These days, AI is more important than renewable energy.”

“Are you just going to do the secondary battery? There’s still the Good Day Cam related to that, right?”

Our company information was really refreshing.

Finally, the story of Soul Fashion came out.

“No matter what, Sol Fashion is the real deal. Last year, their sales and operating profit were said to be higher than those of most listed companies.”

“Oh, as expected, Reporter Lim, you’re really quick with your information.”

“Huh? Could it be that the next batter is Sol Fashion?”

Lim Hong-cheol looked at me to check if he had guessed correctly.

I nodded.

“I think that will probably happen.”

“Where is it? Nasdaq? No. This is fashion, so Nasdaq doesn’t seem to suit me.”

“Then, the New York Stock Exchange?”

“New York Stock Exchange? No, how much do you earn, even considering the New York Stock Exchange?”

“That is···, I looked into it last time, and the quarterly sales were in the hundreds of billions and the operating profit was also quite high.”

“ah······.”

Since I didn’t know the details, I stepped forward again.

“To be exact, sales for this first quarter were 112.1 billion won. Operating profit was 46.9 billion won.”

“······!”

“······!”

“······!”

Everyone was so shocked that they were speechless. Instead, their eyes were filled with exclamation marks.

I smiled and opened my mouth again.

“Sales and operating profit are amazing, but look at the operating profit margin. It’s a whopping 42%. By the way, this is an increase from last year. I’m confident that it can reach 50% in the future.”

“and······.”

“At this point, I think we can really list on the New York Stock Exchange?”

“That’s right. A 50% operating profit margin? Is that okay for fashion?”

“It’s not just fashion. It’s luxury fashion. What is it? France’s ACML has a huge operating profit margin.”

“Come to think of it, luxury goods are bound to have a lot of leftovers. The products are expensive, so how much did the production cost?”

“Yes, yes, that’s right. And as far as I know, ACML’s market cap is over 600 trillion?”

As expected, since he was a reporter who knew a lot, it was easy to have a conversation.

At this point, I solved another question the reporters had.

“But I won’t go to the New York Stock Exchange. This time, I have to save KOSPI.”

“ah······.”

“yes······.”

There seems to be some disappointment in the reporters’ eyes and answers.

Since the NASDAQ was such a strong stimulus, I could fully understand.

But bio and fashion are different.

In particular, luxury fashion companies that are strong in Korea cannot immediately become strong globally.

‘It might sell well.’

However, the power to attract money from the capital market is difficult to measure.

Above all, since Nam Seung-ryong wants a quick listing, he cannot expect the U.S. stock market, which takes time.

“If my prediction is right, we will be able to achieve 400 billion won in sales and 200 billion won in operating profit this year. Then, I think we will be able to achieve a market cap of at least 5 trillion won.”

“Tier 5?”

“and······.”

Fortunately, it also responds to the amount.

By the way, whose child is Group 5?

Here, too, more than 10% of our JTS Partners’ money was invested.

When combined with Angel, it approaches 25%.

That is, if it were 5 trillion won, the exit amount could have been a whopping 1.25 trillion won in recoveries.

The reporters start to chatter again, wondering if they’ve calculated it.

“When will the blind fund come out this year?”

“No, it’s been too quiet since the last blind fund.”

“Yes, yes, please send me one quickly!”

“I also want to save money and become a part of the JTS Partners family!”

A feast of nonsense.

Do they know what they are talking about?

I found myself laughing inside.

And the person who came to mind.

It was Song Jae-hwan.

He asked me to do it.

Aside from NASDAQ, please promote our country’s market.

‘Okay, is this enough?’

(3)

Thanks to this meeting, the Sol Fashion IPO plan was immediately covered in the news.

『Soul Fashion, listed on KOSPI!』

『The most anticipated large IPO of the year, will Sol Fashion be the leader?』

『Soul Fashion, which has everything, aims for a market capitalization of 5 trillion!』

『Korean-style luxury sole fashion, JTS Partners is a great move!』

Of course, I got a call from Song Jae-hwan.

“hello?”

– Our leader! You know I like you, right?

“Oh my, you were complaining a little while ago.”

– When did I? I just felt a little sorry. But after watching this interview, I realized how much you love the domestic capital market.

“Yes, yes, I guess so.”

I couldn’t help but chuckle at his quick change of stance, turning his palm over.

– Don’t be like that. This isn’t about me eating well and living well alone. Let’s eliminate the Korea Discount together. Then we can share the fruits.

I 100% agree with this statement.

Furthermore, I hope that the fruits will be shared by many people.

In that sense, there was one more thing that had to be done quickly.

‘I think I should start a blind fund soon.’

For all citizens······.