Chapter 430: If you want to borrow money, there is no way 1
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"After the actuarial calculation, how much money is expected to be needed to have a chance to acquire Hongxi, POJ, and Languo?" asked the director of Flower Shirt.
Obviously, this is the issue that the representatives of all parties are concerned about, and whether the proposal is good or not depends on how feasible it is, otherwise it will be just talk on paper!
"Based on the current market value of the three companies, combined with factors such as premiums, the Strategic Investment Department expects that if you want to complete this acquisition, you will need about 90-15 billion yuan. ”
Liao Tingting reported the results of the analysis of the strategic investment department, and then patiently explained: "The reason why there are such big ups and downs, the investment department is considering the three companies, and may take advantage of this opportunity, the lion opened his mouth, asking for a price all over the sky, and the price in his heart is very high!"
"If the acquisition is at the top price, there is basically little value left for the three companies that can bring to the group in the next five years, which is a very mediocre acquisition method. Zhang Fang frowned.
They are representatives of investment banks, and on weekdays, they like to do this kind of expectation analysis, and this possibility has been studied by YP Capital for a long time, so it can naturally be catchy.
"That's right, if we buy at the top price, we will be very passive, which means that under the predictable situation, we will operate and integrate the three brands best in the next five years, and at most we will tie with the investment of this fund!" added a director.
"Isn't that great?" Yang Di exclaimed very whitely: "Guarantee one share, and then the three companies will also be ours, doesn't it mean that we have earned another one!"
Everyone was stunned, and they felt that they were no longer on the same planet.
Liao Tingting glared, what kind of logic does this guy have, do you dare to be a little white? Who told him that the so-called capital preservation is to use those three companies to bring 15 billion in revenue, how can there be such a good thing in the world?
If that's the case, then what kind of meeting will there be, the group will smash the pot and sell iron, and it will swallow this fat meat!
"Ahem...... Director Yang, what we mean by tie means that at that time, the value created by the three major brands, plus the residual value, is almost exactly equivalent to the current effort, not that we got back the money and got the business of the three parties, of course, all this is just a theoretical calculation, and there may be great variables. Zhang Fang wiped his sweat and explained for him.
"Damn! that red fruit is a loss-making business!" Yang Di suddenly didn't know what it meant to be calm, and exclaimed again.
After five years, this acquisition can be operated to the extent that it is worth the offer, which is decisively not worth it!
His idea was simple.
"You can't be killed with such a rod, this kind of commercial operation itself has the element of high gambling, and there are many variables. Zhang Fang said with a smile: "Moreover, if five years later, on the basis of capital preservation, there can be a situation of sustained growth and profitability, in the long run, it is also meaningful, depending on this significance, it is worth our gamble!"
"I am opposed to the outcome of a top-price acquisition. Someone immediately said bluntly.
"About 90-10.5 billion, it is acceptable, and if it is high, it is very passive, and once the mobile phone market changes in the future, it may cause the structure to collapse instantly!" said the director of the flower shirt.
Yang Di secretly rejoiced, it was obvious that more than a dozen directors, most of them, were very cautious and even a little conservative about this proposal.
Even if it was a plan handed over by Zhuge Yu, the creator of the high profitability of the group's EX mobile phone business, these people did not give too much face, because it was too involved.
This made Yang Di believe more and more what the crazy girl's mother said, in the face of the choice of interests, Zhuge Yu's past achievements may not be able to add much points to him, no matter how bullish the professional manager is, in front of the shareholders, he is still just a chess piece!
But soon, there were also people who supported it by knocking on the side: "Of course, if the purchase price is compromised, it is not impossible to consider the current predicament and future prospects." ”
"Hmm. Everyone nodded in unison.
In fact, everyone can see in their hearts that this acquisition proposal, the old chairman Shang Pengjun, is in favor, the old man has always supported President Zhuge , and the latter's proposal also has a lot of merits.
"I understand your position that the acquisition offer is indeed subject to discussion, and we cannot blindly accommodate the current situation. The old man Shang Pengjun's face was slightly soothed, and at the same time, invisibly, he also put on a posture of having something to discuss.
Although he supports President Zhuge 's proposal, in the final analysis, he still has to be supported by everyone.
Liao Tingting nodded secretly, the old man dared to say it, naturally he also had some confidence, on the surface, everyone is arguing fiercely, but in fact, according to Liao Tingting's experience, this is just a habitual atmosphere within the board of directors.
Once a large amount of money and important projects are involved, usually, the directors of all parties will first put out various problems and pessimistic arguments.
That's not to make things difficult on purpose, but it's a good thing from the perspective of the company's operations.
Liao Tingting knows in her heart that this proposal is now arguing so fiercely, but if the key issues are solved, Zhuge Yu's idea will still have a great chance of being realized.
But as soon as she thought of that key issue, Liao Tingting's face was slightly unnatural, and she inadvertently glanced at someone, feeling very worried.
"Chairman, I believe that the strategic investment department will come up with a more specific report on the issue of quotation and follow-up integration and development, but at present, the real problem is the cash flow of the group, and it is impossible to come up with so much money for acquisition. A director then reciprocated the favor and said seriously, invisibly helping the old man temporarily take that link.
As soon as these words came out, the conference room was suddenly quiet.
Because the real problem is here, the market price of Tianyun Group, of course, is far more than that, but the market value and the funds that can operate are always two different things.
In addition, the group has repeatedly punched hard, and there is very little cash space left to operate.
Looking at the financial report every day, everyone actually knows in their hearts that the money that the group can come up with to support the acquisition is still 108,000 miles away from the reserve price given by the Strategic Investment Department.
At this time, two key words came to the minds of the directors.
Financing!
Or a loan!
That's right, the group has no money, and there is no other way to achieve that step than financing and loans.
But this matter obviously can't be delayed for too long, otherwise the strategy of "encircling Wei to save Zhao" will be greatly reduced.
The EX mobile phone business has been in serious decline for a year and a half, and then three more brands will be in hand, and the loss of this process will be wasted.
And thinking of those, the eyes of all the directors are invariably the same, looking at someone.
"Director Yang, I don't know what the Zhao consortium thinks about the predicament encountered by the group this time?" the old chairman barely squeezed out a smile and looked at someone.
The surrounding directors are also paying attention.
Yang Di despises it, and now that he is short of money, he finally thinks of us! Damn! In this world, if you have money, you have status, and there are people who support you all the time.