Omniscient Investment Point - Chapter 243



Only Noblemtl

243. Stand Up Korea – 4

(1)

Tak Jun-seok, who entered Daejin Securities, had new feelings.

It is a company he devoted his youth and even middle age to.

If he had not been sacrificed in the succession fight, the period would have been much longer······.

‘It’s fate.’

Moreover, the moment has come when the phrase “recovery of the telephone” fits so well.

Tak Jun-seok has established himself as the number 2 person at JTS Partners, the hottest company in Korea.

Today, I was sitting at the negotiating table, looking at Gong Byeong-ho, who had pushed me away with pride.

On the other hand, Gong Byeong-ho had a bitter expression on his face.

No, it was more than that.

Is this a face that feels insulted?

Perhaps that was why other executives attempted the negotiations rather than Gong Byeong-ho.

“Burn of all treasury stock is an unreasonable demand.”

“That won’t work.”

“You say it won’t work? How about you reconsider it again······.”

Honestly, Gong Byeong-ho didn’t like this either.

‘Why do I have to cling so desperately to JTS Partners, which only has 1% of the market?’

Of course, if they buy up to 3%, they will hold an extraordinary general meeting of shareholders through shareholder proposals, but even then, they have the upper hand in terms of absolute shares.

So I frowned and stood up from my seat.

“I need to go to the bathroom.”

It’s an excuse. I didn’t want to see the scene hanging here, so I tried to get away from the negotiating table.

I don’t know if he noticed it, but Tak Jun-seok also stood up from his seat.

“Let’s take a break for a moment. Since our conditions haven’t been resolved, let’s discuss it a bit and start over.”

Then, I followed Gong Byeong-ho to the bathroom.

To make matters more annoying, Tak Jun-seok even relieved himself next to Gong Byeong-ho.

“Ah, it’s refreshing.”

What is this? Is this something provocative?

That’s right. After Tak Jun-seok finished his business, he slowly started provoking Gong Byeong-ho.

“I mean, when I was the head of the 3rd Comprehensive Financial Center, the returns were amazing.”

Tak Jun-seok, head of the 3rd Comprehensive Financial Center of Daejin Securities.

In some ways, he was like a symbol of the group.

Should I say that it was a successful investment that wasn’t flashy, but didn’t lose anything?

In fact, Tak Jun-seok’s loss rate was the lowest in the industry.

“I didn’t suffer any losses by investing in useless real estate in Hong Kong or Singapore······.”

“Are you talking to me now?”

Eventually, I couldn’t hold it in any longer and listened to Tak Jun-seok.

Tak Jun-seok nodded, the corners of his lips turning up.

“You’re not clueless.”

“Look at this, Center Director Tak.”

“Yes, why?”

“Oh, my······.”

When I got angry and called Tak Jun-seok, I had nothing to say.

It was true that Gong Byeong-ho had failed in real estate investments at his headquarters in Hong Kong and Singapore.

Moreover, when you returned and briefly took on the role of head of the 3rd Comprehensive Financial Center, how were your performances?

He also had ears, and he had heard his subordinates gossiping about Minus’s hand.

He was also scolded by his father, Gong Min-bae.

– What is this? That’s because I only invest in miscellaneous stocks!

– That’s not it. It’s because all the talented guys quit.

Gong Byeong-ho made excuses by mentioning the capable people at Daejin Securities who followed Tak Jun-seok at the time.

In the end, he couldn’t hold out there any longer and escaped as the CEO of Daejin Investment.

And now, Tak Jun-seok was continuing to bring up the dark history of that time.

“By the way, I heard the story. I heard that you sold off all the Daehyun tea that I had worked so hard for. How much of a stomachache must it have been when the price went up so much later?”

“This person······.”

I was being attacked, but no proper rebuttal came to mind.

Because there wasn’t a single thing wrong with what was said.

However, emotions were sufficiently stirred, and after a while, negotiations resumed······,

“We can never accept JTS Partners’ proposal.”

I couldn’t hold it in any longer and ended up using the word ‘absolutely’.

It was a mistake. That word was inserted into the headline of the article the next day.

『Data from Daejin that they will ‘absolutely’ not return shares to shareholders, attention is focused on the future of small shareholder solidarity』

(2)

“What a fool this guy is.”

“I wonder if I’ll ever be able to finish the match.”

“Yes, that’s right.”

In fact, it seems that Gong Byeong-ho did not mean that he would never return shares to shareholders.

But once we used that word, we could work magic at any time.

“Is there no separate contact?”

“Yes. I keep getting phone calls, texts, and messages during the match······.”

Tak Jun-seok’s expression was bright.

I couldn’t help but laugh when I saw his face.

“But there’s no need for me to respond to each and every one of them.”

“No.”

“So I ignored it and told the kids to keep collecting match data.”

“Well done.”

If we do this, we will be able to collect 3% soon.

After that, we will have to hold an extraordinary general meeting and figure out a way to threaten the Daejin Data management.

‘For now, we’re putting pressure on the minority shareholders by joining forces.’

Even though the family of the founder holds a large stake in Daejin Data, we will not sit still.

Because we plan to persuade not only minority shareholders but also other major shareholders.

There must be many forces that have already thought that far, and the stock price of Daejin Data was skyrocketing today as well.

“But if it goes up to a level that becomes burdensome, should I stop buying for a while?”

“That can’t be happening. Let’s just go without worrying about what others think.”

“Okay. Okay then.”

Let’s not pay attention.

This meant that, aside from the market and the people, I shouldn’t even look at my face.

If money was the issue, I don’t know, but I could easily have bought about 3%.

Especially since there is an opportunity to recover funds in another place.

『Soul Fashion, Demand Forecasting Big Hit!』

A huge number of institutions flocked to the demand forecast for Sol Fashion, which passed the preliminary screening for listing.

This part was explained to me to the extent that Lee Tae-soo of JTS Securities, the underwriter, came to me in person.

(3)

“The bid amount has significantly exceeded the upper band, so it seems reasonable to raise the offering price by 30%.”

“30%? Then 325,000 won?”

“Yes, that’s right.”

Sol Passion, which was expected to have a market capitalization of up to 5 trillion.

This means that it will debut on KOSPI with 6.5 trillion won.

‘It’s a little high?’

Since the arms were bent inwards, I rated it as ‘slightly’.

This year, the company may achieve much higher growth than last year, but operating profit is likely to exceed 100 billion won.

Because although they sell a lot, they also have to make a lot of investments.

“The PER must be over 60 times.”

“It’s exactly 65, but isn’t the original idea to buy stocks at a high Per and sell them at a low Per? Market participants will think so too.”

An old adage in the stock market.

Buy at high Per and sell at low Per.

This was mainly the logic for growth stocks.

“Well, if it grows by 50% every year, Sol Fashion could make a profit of tens of billions of won within a few years.”

As of now, it seemed very possible.

Soul Fashion is a Korean-style luxury brand, and does not make products tailored only to Koreans.

Could we call it a harmony of East and West?

Recently, we have been frequently introducing the Sol fashion in North America and Europe, and are successfully advancing into Japan and Southeast Asia following Korea.

CEO Nam Seung-ryong, whom we met that day, also seemed confident in explosive growth and had a bright expression on his face at the high demand forecast.

“I guess I’m lucky. I can list like this when the government’s active will to support stock prices is reflected in the domestic stock market.”

“When you have the skills, you can find them. I think the agency knew that and actively bid for them.”

“Is that so? Hahaha.”

Nam Seung-ryong was the type who only smiled and never laughed out loud.

‘I guess you’re feeling good.’

I didn’t hide my feelings today.

“I don’t know about anything else, but I feel relieved that JTS Partners can make a big exit.”

“Thank you. I am always grateful.”

“Hey, I should be the one thanking you.”

JTS Partners has steadily increased its stake in Sol Fashion.

In particular, after Ms. Park Sol-nyeo went to Jeju Island due to health issues, she received more of her share.

So now it has increased to a whopping 28%.

We were able to recover 18% of our funds through double savior sales.

‘They’ve hit the jackpot again, this time by over 1 trillion won.’

(4)

Following the demand forecast, the day of subscription arrived.

From the first day, I felt excited for no reason, so I kept visiting JTS Securities HTS.

‘and······.’

Every time this happens, I’m surprised and I don’t know where the money comes from.

By the end of the first day, it had already surpassed 25 trillion.

Considering that usually more money is raised on the second day than on the first day.

‘This is definitely going to exceed 50 trillion.’

It was just as I expected.

The next day, another huge influx of funds came in, with a record-breaking subscription of 63 trillion won coming in through several securities firms.

Of course, there were times when subscription funds exceeded 100 trillion won, but that was when the lead manager was a large securities company.

JTS Securities was not a large company, so it had no choice but to join hands with a large securities company to conduct public offering subscriptions.

“This is awesome, really.”

CEO Lee Tae-soo also came to see me again and stuck out his tongue.

“Even without that, over 1 million accounts were opened this month alone. So I expected it to be a hit to some extent, but I didn’t know it would be this big.”

It is no exaggeration to say that securities firms’ sales are determined by the number of accounts.

Since I have become the organizer of Sol Fashion, my commission income is bound to be significant.

At this I smiled and said,

“I’m looking forward to the listing date.”

“That’s right. You’re not going to Tattabul, are you?”

“Hey, no way. I also raised the top by 30%.”

IPO stocks that can rise up to 400% on the first day of listing.

If that happens, the market capitalization alone could reach 26 trillion.

Honestly, it doesn’t make sense.

Because it is worth 26 trillion won and is ranked within the top 15 in KOSPI.

Sol Fashion is expected to make 100 billion won in operating profit this year.

Even so, that’s too much foam.

Moreover, since I had already made it to the top 30%, I did not give up my expectations.

But the world was really a mess.

On the day of listing, before the market opens.

“Wow, what is this?”

Although I thought the initial supply coming into Sol Fashion was no joke, I wasn’t sure it wouldn’t come down from 400% as soon as the market opened.

But, by hitting 400%, he achieved the feat of staying strong and steady.

“haha······.”

JTS Partners has already exited with 1.1 trillion won, or 18% of the stake.

The absurd thing that happened was that the remaining 10% stake was higher.

‘Our stake is worth 2.6 trillion won······.’

It was such an absurd situation, yet they held onto this amount until the market closed.

But the next day, the bubble will burst and fall.

I waited for the market with this thought in mind.

“omg······.”

It’s the upper limit. The next day is the same.

‘I’ll probably be in the top 10 soon······.’

I know it’s a bubble, but sometimes you get crazy amounts of money like this in the stock market.

This time we got it right.

“Really, I have nothing to say······.”