The Road to Rebirth Finance

Chapter 173 Weekend Feedback and Fixed Increase Landing

"Congratulations, you got No.1." When Gu Junhao returned home, on the sofa in the living room, Zhang Yiru smiled and looked at him like a flower.

"It's just the number one in the same scale, and it's only temporary." Gu Junhao also laughed. The false title of No.1 doesn't mean much, but it is something to be happy about the fund's net value breaking through 1.2.

A net value above 1.2 also means that the fund management fee has been raised from the minimum standard of 2% to 3%. From the perspective of redemption, the difference in the company's profit between the redemption last week and the redemption this week is not small; of course Yes, the fund is currently under fully closed management and redemption is not allowed.

"Let's not cook at night, and go out to eat, it's a good celebration." Regarding Zhang Yiru's decision, Gu Junhao has no choice but to celebrate it, after all, this No. 1 is not so easy to get.

Since the end of June, Junshi No. 2, which has been ranked No.[-] three times in a row, ushered in a big explosion this week and won the first place in the ranking of funds of the same size.

The news also spread from the Internet to Zhang Yiru's bank branch. Today, most of Zhang Yiru's colleagues also know that the fund manager of a private equity fund recently managed by the bank is Zhang Yiru's boyfriend.

Some people are unavoidably jealous, but the two are of the same age, Junshi No. [-]’s performance has been stable, the two are completely talented and beautiful, and they both walk the path of integrity, so this kind of jealousy can only be suppressed bottom of my heart.

It's still the small seafood restaurant. For more than a year, the owner of the restaurant has become more familiar with Gu Junhao, and when they arrived, they recommended dishes very acquaintedly.

In fact, Gu Junhao hates this kind of feeling. When he was a regular customer of a certain restaurant or small vendor in his previous life, the boss would often say, "Here we are, still the same?"

As time passed, Gu Junhao was reluctant to go to that restaurant for dinner. He could always order one variety, but he didn't want others to make decisions for him.

Fortunately, the owner of this restaurant is good at doing business. For regular customers, he only recommends some new products or seafood that he thinks are not bad, which he can barely accept.

During the two days of the weekend, Gu Junhao received significantly more calls. Some of his former clients were inquiring about the issuance plan of Gu Junhao's second fund under the guise of contacting each other and making dinner appointments.

There are also some people who have not participated in the investment of the No. [-] Fund. They all got Gu Junhao's contact information through various channels. These people are more direct, just asking about the release plan of the second fund.

In the capital market, everything only depends on the profit data. The better your performance, the more money investors want to give you. Gu Junhao proved that he has enough ability to run a fund in six weeks; When attracting investment, everyone said that 100 million and 200 million were squeezed out, so there is no need to squeeze it out now.

"Hey, half of the 4000 million yuan is accounted for by a kid from Guangdong Province. What's the matter!" Seeing that Gu Junhao has no intention of issuing a second fund for the time being, the group couldn't help complaining after hanging up the phone.

In fact, since Su Mingyu's 50% investment share in Junshi No. [-] was exposed to the customer base, these people were a little bit embarrassed. Everyone has been in the mall for so long, but I didn't expect that there is no child who has the courage to wait until the fund's performance has been steady. After rising, I regret it even more.

It's not that Gu Junhao doesn't want to issue the second fund. It's of course a good thing to issue another fund to increase the company's income while the popularity is hot.

However, Junshi Capital currently has limited manpower, and Xu Jianqing and the three are not mature enough to stand alone; another fund will have to be re-recruited, which will make the existing office area a bit crowded.

It will take a certain amount of time to re-lease the venue and decorate it, which is time-consuming and labor-intensive; recruiting people will also cost a lot of energy and money, and then I have to sell stocks to subsidize the company, which I don't want.

As for loans, Gu Junhao doesn’t want to do that. In Gu Junhao’s philosophy, founders of start-up companies are not short of money, so it’s better not to blindly expand with loans. It may be a lifetime loss, which is actually similar to stocks.

Although Junshi Capital does not have any income at present, it is very healthy financially. The company has no debts, and there are still enough funds in the account for the company to operate for one and a half years.

Gu Junhao himself has a debt of 800 million financing and interest from a brokerage, as well as a mortgage that is negligible to him now.But these are nothing compared to the market value on its books today.

Tong Huashun closed this week at a price of 16.53 yuan. The market value of the account has reached 2479.5 million yuan, and 800 million yuan can be returned at any time. Gu Manyi even asked Gu Junhao if he needed to increase the amount, even without being limited to the existing regulations.

For this, Gu Junhao directly refused. While the company's accounts are healthy, it is also necessary to maintain its own personal financial health, and this should be the last time he uses leveraged funds. In the future, both individuals and companies will try their best to maintain financial health.

However, Gu Manyi's words also reminded Gu Junhao that the news from financial institutions is much more flexible than that of individuals. What Gu Manyi revealed in private does not have to be limited to the existing regulations, and also reflects from the side that the leveraged capital environment has begun to loosen.

The bull market is really coming. As we all know, the bull market in 2015 was dubbed "leveraged bull" by stockholders, which refers to the loose leveraged capital environment, which directly catalyzed this round of bull market.

However, success is also leveraged, and failure is also leveraged. This wave of bull market started because of leverage, and finally came to an abrupt end because of de-leveraging. The bull market borrowed is ultimately short-lived.

News came out frequently this weekend, and the market was in a turbulent state. Numerous experts and big Vs expressed their views on the daily breakout of the GEM, and researchers from some large brokerage institutions also secretly looked at the GEM, and the performance of some individual stocks on the GEM. The preview wasn't even ideal either.

Next week, there will be more than a dozen new stocks waiting to freeze the subscription funds, with a total amount of up to 6000 billion yuan, a new high since the IPO restart, and the market sentiment is extremely pessimistic.

Under such circumstances, Xibu Securities also announced the voting resolution of the extraordinary general meeting; it can be seen from the voting resolution that Xibu Securities will choose a non-public offering of shares within six months from the date of approval by the China Securities Regulatory Commission. Issue stocks to no more than ten specific objects at an appropriate time, including specific institutions and individuals.

A total of no more than 9.95 million shares shall be issued, the issue price shall not be lower than 50 yuan per share, and the raised funds shall not exceed 60 billion yuan; after the issuance, the company's controlling shareholder and actual controller shall not transfer the shares subscribed within 5 months , Specific issuers who hold more than 36% of the shares cannot be transferred within 5 months, and those who hold less than 12% of the shares cannot be transferred within [-] months.

Gu Junhao analyzed the announcement at home on weekends. Staring at the announcement, Gu Junhao became thoughtful.

"According to the practice of private placement, first go to the central bank for filing, then select a sponsor, and then go to the China Securities Regulatory Commission for acceptance. It will take at least one or two months to complete the process. If everything goes smoothly according to the fastest speed, it will take September, October It's the month."

That is to say, the first batch of fixed-increase users who lifted the ban will not be able to reduce their holdings until October next year at the earliest.

The second batch of unbanned users will be three years later, that is, after 2017. This group of people will probably be able to make a lot of money, but the company's controlling shareholder and actual controller will not be until five years later.

"Haha, it's hard to say whether you can still make money after five years, maybe you can lose money by stealing chickens." Gu Junhao suddenly laughed. He hadn't studied Xibu Securities in his previous life, so he didn't know his specific increase.

If this round is pulled high enough, the first two waves of people will naturally make enough profits, but the third wave of lifting the ban is really hard to say. Five years later, in 2019, it has already entered and exited a long bear market. What is a brokerage? The appearance can be imagined.

In particular, Gu Junhao is still very clear about what the small brokerages in the later generations will look like. The market loves the new and dislikes the old. With the listing of brokerage firms, big and small, basically no one cares about the small brokerage firms that are listed in the early stage.

Since the last group of people who lifted the ban did not lose money in the end, it is not cost-effective in terms of time and cost. This amount of funds, which is as high as billions, was locked up in the most profitable era, and when it can be used reasonably At that time, the market was not as good as before.

The time cost of large funds is far more precious than the time cost of small retail investors. If you miss this time, you may never have the opportunity again.

"What are you laughing at?" As usual, Gu Junhao was sitting next to Zhang Yiru with a laptop to check the news. Zhang Yiru saw Gu Junhao staring at the announcement and kept laughing, a little confused.

"Ah, it's nothing, haha; by the way, you should also take a look at this fixed increase plan and tell me your opinion." Zhang Yiru also graduated from the Department of Finance. Although he entered the bank after graduation and did not work in the securities industry, such a simple job There is no problem with the clear announcement.

Zhang Yiru couldn't move Gu Junhao, so he could only look at the report, but he was curious why such an announcement made Gu Junhao laugh again and again.

"Is this your fund's holdings?" Zhang Yiru asked Gu Junhao a little unclearly. I really don't understand what Gu Junhao is happy with a fixed increase, unless it is his own holdings. , How can such a thing be asked directly.

"Haha, no comment, I just want you to analyze his lock-up period." Gu Junhao also came to his senses at this moment, he was a little carried away just now, and suddenly returned to the previous state of retail investors.

It seems that we still need to be careful in the future, but fortunately there are only two of us now, Zhang Yiru doesn't invest in stocks, and Teacher Zhang and his wife don't have any stock assets, so there is no need to be too careful.

　Thank you for recommending tickets, monthly tickets, and thank you for flying into the idle window~~
　　
　
(End of this chapter)