Omniscient Investment Point - Chapter 241



Only Noblemtl

241. Stand Up Korea – 2

(1)

Bam! It sounded like the sound of a phone hanging up, almost like a sound effect.

Actually, it was a flip smartphone, so the sound of “thump!” is an accurate description.

Anyway, as soon as I finished talking to Gong Byeong-ho, Tak Jun-seok looked at me with a relieved expression.

“How about, now that we’ve declared war, we can attack right away?”

“Yeah, well.”

He was also full of confidence.

That would be the case, there was ample ammunition and justification.

Is this a typical phenomenon of a successful family?

We had plenty of funds in our barns.

So after the show ended, Tak Jun-seok brought the script himself.

“As of today, the market cap of the match data is 589.6 billion won.”

“Huh? It seemed to move a little bit earlier, but it seems to have risen a lot.”

“It hit the ceiling. When I looked later, I saw that not only individuals but also institutions had come in.”

“haha…….”

I can’t believe my comment on Choi Soo-ri’s broadcast had this much power.

‘Really, I need to be more careful from now on.’

I don’t know how many times I’ve made this promise.

I was very careful and cautious, and after a long time, I tried to support Choi Soo-ri’s comments through the chat window, and then something like today happened.

“Maybe I’ll hit the ceiling tomorrow too.”

“then……?”

“As written there, it would be around 766.4 billion.”

“It will soon exceed 1 trillion, right?”

“That’s right. If that happens, it will be a burdensome price. So I think the CEO should decide. How much market capitalization should we look at and enter?”

“Hey, Director, you are more of an expert than I am, so why are you asking me again?”

“Once it exceeds 1 trillion, the value assessment loses its meaning.”

I nodded.

Originally, Daejin Data was the holding company of Daejin Financial Group.

That is, even if sales reach 10 trillion won, most of it includes the consolidation criteria of subsidiaries.

So, even if the PBR is below 1, it cannot be accepted as is.

“Okay, I’ll take 1.5 trillion.”

“Okay. How long?”

“For 10 days starting next week?”

“Then, let me make an official announcement.”

“yes!”

Even though it was announced officially, the media already made their move.

My every move was bound to become the center of attention, so I couldn’t just sit still.

Among them, the Daehan Economic Daily predicted the schedule and purchase price relatively accurately.

『The fair value of Daejin Data, which has a market capitalization of 450 billion won based on the closing price the day before, is estimated at 1 trillion won. However, given the nature of CEO Jang Su-myeong, there is a possibility that a bet that goes well beyond 1 trillion won could come out. Therefore, it seems better to keep it open to 1.5 trillion won, and JTS Partners, which is quick to move forward once it decides, is likely to enter into a public offering starting the week after next.』

‘This is it… … .’

Lim Hong-cheol knows me so well that I can’t stop laughing.

And the next day.

『JTS Partners, Public Offering of Match Data!』

We announced the public offering of match data to the press through the exchange.

(2)

As predicted, the next day, the match data rose to the upper limit as soon as the market opened.

Perhaps the price at which JTS Partners announced a public offering may be reached next week.

“I think we need to see more than that.”

Before leaving work on Friday, Choi Soo-ri came into the CEO’s office and made another prediction.

I nodded in agreement.

“That’s not very likely. These days, the market doesn’t even fit the term ‘gradual rise.’”

“Yes, that’s right.”

At some point, stock market surges and crashes became more common than small increases and small decreases.

It doesn’t mean exponent.

Most stocks soar and plummet.

The reason is simple.

This is because the asymmetry of information is being resolved with the development of technology.

‘In the past, it took a long time for good or bad news to reach an individual… … .’

Nowadays, you can find out good news and bad news with a simple smartphone search.

As a result, positive news such as public offerings are immediately reflected in stock prices.

If JTS Partners had the credibility to back it up, individuals would be in awe.

“Are you still going to proceed?”

Choi Soo-ri asked me with an expression that almost seemed to know the answer.

So I smiled and answered.

“Well, this time our goal isn’t to raise the stock price, right?”

“Yes. It’s to protect shareholder rights. However, it’s an investment company that pursues profit… … .”

“Of course we must pursue profit.”

This time, after hearing my answer, Choi Soo-ri made a puzzled expression.

“Disappointed? You don’t know the basics of what an activist fund does?”

“Ah~”

Choi Soo-ri nods as if she now understands.

And the correct answer is spat out.

“Are you pressuring for shareholder returns?”

“yes.”

Shareholder returns here are simple.

Increasing the dividend of match data or burning treasury stock.

“Should Chairman Gong do it?”

“I have to make it happen.”

“hmm…….”

“Don’t worry. Who’s behind us?”

“No way… the government?”

“omg…….”

I looked dumbfounded at the unexpected answer.

I guess they thought the government was putting pressure on me because I was close to Song Jae-hwan.

“Director Choi, are you aiming for that and then I get investigated later?”

“yes…….”

“The government just laid the groundwork, and we just have to show it through action. So what’s behind us? Of course, there are small shareholders.”

“ah…….”

Choi Soo-ri lets out an exclamation as if she finally understands.

“Then, I guess I’ll have to work hard tomorrow to get the minority shareholders to come together again.”

“That would be great.”

That we can expect broadcasting effects.

This means that the power of individual investors cannot be ignored.

In the past, they were considered a rabble, but now they are sticking together.

Especially, like Ra Seok-myeong whom we met this time, after selecting a leader in the sports community, they start taking group action… … .

‘It’s going to be a lot of trouble.’

I smiled and thought of Gong Byeong-ho.

By now, you must be crumpling up your impressions like a piece of paper.

(3)

In fact, Gong Byeong-ho was looking at the computer with a frown on his face.

‘shit…….’

Match data that reached the upper limit not only in the city but also outside the city.

In reality, he is the holding company of the group, so he should be liked as the successor.

“I’m going crazy.”

It couldn’t just be like that.

As the stock price of Daejin Data rises, the 1:0.5 merger ratio justification becomes nonsense.

Should I hope that some bad news breaks out?

Or should we create bad news?

While thinking about this, Gong Byeong-ho quickly called someone.

“Hello? Oh, it’s me. Uh, you know? Did you investigate the employee who was suspected of embezzlement last time? Oh, really? You’re investigating? When will the results come out? How long will it take? Um… … No, if it’s almost certain, how about leaking it to the press? Okay. Will you do that? Tomorrow or the day after? Hahaha, okay, okay. I’ll buy you a drink.”

There is no need to deliberately create bad news, but it is possible to sufficiently control the fact that it will eventually explode.

‘Wow, you really come up with this in a time of crisis?’

About a month ago?

I heard a story about one employee who was suspected of embezzlement from match data.

At that time, I asked the head of the audit team why they were not actively investigating.

– These days, we have to manage stock prices. As you know, it plummeted significantly last year.

– but…….

Last year, Daejin Data suffered a major blow due to stock price manipulation by some forces.

No one in the group wanted it, but those bad guys gradually increased the stock price over 3 years.

So as soon as this was discovered, it hit the lower limit for three consecutive days.

It hit rock bottom and has started to climb slightly, but it still has a long way to go.

It was from this time on that the Gong family turned the crisis into an opportunity.

With the stock price of Daejin Data plummeting, we decided to speed up the succession process that we had been waiting for.

As the decline was significant, the opportunity to merge with Daejin Investment has arrived.

So, I decided to bring down the stock price by causing another bad news one day.

‘Hey, using this now? It’s a bit of a waste.’

I didn’t expect that they would use it to hold this pack back from skyrocketing.

The only thing I could hope for was for it to drop more than it had risen, so I turned on a YouTube channel the next morning.

– The match data and stock price movement are really good. But shouldn’t individual investors be cautious about approaching it now?

– Of course.

These days, it’s a channel called Eco Trend that Gong Byung-ho is watching with keen interest.

The person who appears here is the leader of JTS Partners.

‘That guy made this mess!’

Gong Byeong-ho glared at Choi Soo-ri on the screen with an irritated look.

– Then, should we call it the owner’s domain?

– Not necessarily. I would say that you need a cashing strategy in case there is an adjustment.

– Will there be any adjustments? Haha… … .

– I don’t know about that. But according to the information I have, there is a possibility that something will explode in the match data.

– Are you going to blow something up?

– Yes, that’s right.

– That wouldn’t be a good thing, would it?

– Of course not. The match data does not welcome the current surge. The original absurd merger ratio was pointed out, and if it rises further, even that could be nullified.

– yes…….

– Anyway, if something explodes, no matter what kind of bad news it is, there may be an adjustment. If there is an adjustment, what do you do? If it were me, I think I should give it more weight then.

“Hey, hey!”

Gong Byeong-ho was so angry that he threw anything he could get his hands on at the TV.

It was a dangerous thing to do, but it was something I did without realizing it because I have a personality that is willing to do anything when I get excited.

Thud!

Luckily, it wasn’t anything big, it was just a smartphone.

The object also broke the TV screen and it fell to the floor, smashing it into pieces.

“저, 개새끼!”

My body was shaking with anger, when the female secretary knocked and came in.

“Excuse me, because you said you weren’t answering the phone… … .”

“Who is it?”

“Data Audit Team Leader… … .”

“Turn this way.”

“yes yes.”

I think I know why the manager called.

He must have watched YouTube too.

And knowing that now was not the time, he seemed to be suggesting that we put the embezzlement case on the back burner.

As expected, it was as expected.

– Public opinion was not good to begin with, but if this were to blow up now, it would be a big problem. It could also cause significant damage to Daejin Securities.

In addition, some time ago, individual investors at Daejin Securities started a campaign to empty their accounts.

Although it was a small amount, it could spread like wildfire, so we couldn’t ignore it.

“Okay. I can’t help it.”

Gong Byeong-ho answered with such a tired voice.

But around this morning, an article broke out in the Daehan Economic Daily.

『Daejin Data, 8 Billion Won Employee Embezzlement!』

“What, what, what is this?!”

This time I was so surprised that I swallowed the air.

I called the head of the audit team right away, but he didn’t know what to do.

– This, this is me too… , I don’t know. It looks like it came from somewhere… … .