Year: I had a good time when I was young

Chapter 785 Don't Hesitate When It's Time to Take Action

When Philips and Norton heard that Chu Xiangqian was willing to share the shipping company's profits, their goal was to maintain the shipping company's business together. Once it developed to a certain level, they would be able to make a lot of money by increasing the company's market value.

I felt both envious and relieved.

When Philips and Norton saw that Chu Xiangqian was willing to give out half of the shares of the shipping company, they were a little surprised and worried.

Firstly, the two felt that the shipping company was in East Asia and their influence there was limited. They were afraid that once the shipping business stabilized, Chu Xiangqian would kick them off the ship.

This is why he took the initiative to help Chu Xiangqian obtain the logistics order of the Far East Fleet, and also provided the convenience that the fleet would not be inspected by British ships when sailing in East Asia in the future.

It’s a pity that if Chu Xiangqian wanted to transport contraband, he could do it by himself, and there was no need to use a shipping company to do those crooked things.

Now, since Chu Xiangqian values ​​the shipping company's market value potential more, they don't have to worry about Chu Xiangqian kicking them off the ship in the future.

Now that their worries were gone, Philips and Norton began to think about the shares of the shipping company.

Chu Xiangqian would definitely not sell his shares to anyone at this time.

With only 30 basic material orders from Victory and Neon, the shipping company’s valuation is only about 3 million US dollars at most.

这年头的胜利轮的市价，差不多也就40到50万美元之间，30条也就是1200万到1500万美元。

Orders for import and export goods actually represent money. If you don’t do it yourself, you can simply subcontract it out.

But if it is subcontracted to other shipping companies, the annual dividend may be only 10% of the profit.

Even if there is a shipping company willing to buy this order, the offer would only be about three years of dividends, plus 30 ships, and the total value of US$3000 million is considered high.

Chu Xiangqian originally helped Pablo, a large flour merchant in Colombia, to transport cash out of the United States, and he took a 30% commission on each transaction.

It's just nine million US dollars, which means hundreds of millions of dollars in profit a year. Naturally, they would look down on this one-time transaction of 3 million.

So he told Philips and Norton very frankly that he was not short of cash now, but after one or two years, when he was short of money, he would appropriately take out part of the shipping company's shares for financing.

Philips and Norton certainly understood that Chu Xiangqian was unwilling to sell his shares at a low price, but they also wanted to get in early.

The earlier you become a shareholder of a shipping company, the greater your future profits will be.

Seeing that Chu Xiangqian still refused after all the talk, Philip and Norton couldn't help but feel discouraged.

Although the two were depressed, they did not blame Chu Xiangqian in their hearts. After all, this was a serious business, and Chu Xiangqian was not unwilling to use shares to attract partners.

Since everything can be discussed, given the royal family's past cautious approach, of course they will talk slowly.

It is impossible and dare not to attack Chu Xiangqian.

Philips also knew that Chu Xiangqian did not agree now because he felt that the shipping company had just been established and its market value was not high.

If you sell part of it now, you will suffer losses several times or even dozens of times in the future.

If it were Philips itself or Norton, they would not sell part of their shares at this time.

When Chu Xiangqian was getting a little impatient with Philips and Norton's nagging, he said that the shipping company's valuation was less than 2 million US dollars at the moment, so there was no need to waste his breath.

What Chu Xiangqian didn't expect was that Philips and Norton had completely opposite expressions after hearing the offer.

Philip's face changed and he opened his mouth to curse, but he remembered that Chu Xiangqian was not one of those nobles who fooled around with him or the rich people who wanted to curry favor with him.

I could only open my mouth, shake my head helplessly and lean on the sofa without saying a word.

And this kid Norton actually fell silent.

Chu Xiangqian knew this cheap apprentice's character quite well. In the past three years, he had indeed made a lot of money by selling antiques to him and acting as an agent for the sales of tiger bone wine.

Of course, Norton earns two to three million pounds, and Chu Xiangqian must earn several times more than him.

After all, Norton is Chu Xiangqian's agent and middleman.

But two or three million pounds converted into US dollars is more than 10 million US dollars.

If you really want to become a shareholder of a shipping company, you can still afford to buy 5% of the shares.

Chu Xiangqian saw Norton in deep thought and suddenly felt regretful about making the offer.

After observing Norton for a few seconds, he thought to himself, could this kid really want to take a gamble?

Chu Xiangqian couldn't help but hesitate.

Based on the current valuation, the shipping company is worth at most 3 million US dollars. Even if the prospects are promising, a valuation of 6 million is already considered extremely optimistic about the project and Chu Xiangqian, the helmsman.

If Norton really wanted to invest $2 million, Chu Xiangqian felt that Norton was blindly trusting his master.

But when asked to talk about the prospects of this company, Chu Xiangqian felt that it would not be difficult for this company to have a market value of 10 billion or 8 million US dollars in ten years.

It doesn't even need to exceed the fleet size of the previous charter king in the mid-to-late 70s.

As long as it remains stable, a market value of four or five billion US dollars would not be difficult.

Hundreds of billions of dollars is not out of the question.

After all, there is a real example of the shipping king who had the highest wealth, with a net worth of 40 to 50 billion Hong Kong dollars. Chu Xiangqian can become one of the shipping kings just by copying him.

He also won over the heads of the Far East Fleet and the two headquarters of the US in Japan and the Philippines. In terms of the depth of the relationship, it is 100% deeper than that of the ship charter king.

Even if his management ability is not as good as his, Chu Xiangqian is confident that he can develop the shipping company.

And there is more than just King Bao in Hong Kong’s shipping industry.

Xu, Zhao, Cao, Dong and the ship charter king make a total of five people, and they are all super rich. Two of them have survived several difficult times and have insisted on running shipping companies.

It doesn't make sense that they could all succeed. I have such strong conditions and funds, but I can't compare with them.

If you really aren't cut out for running a business, the worst that can happen is you can just find someone else to merge with you.

Therefore, if the shipping company is valued at US$2 million, then negotiating a merger with the charter ship king at this time will not only have a high probability of success, but the company will also be able to obtain the majority of shares by relying on its advantages in funds and network of relationships.

At this moment, Chu Xiangqian was indeed a little moved.

But on second thought, his fleet is still under inspection and maintenance at the Magnesium shipyard. If he talks about a merger now, people will definitely think he is trying to get something for nothing.

Let's wait two or three months before we talk about this.

So Chu Xiangqian said to Philip, "Let's not talk about this for now. I'll go and ask Maggie to come down for dinner."

This clearly implies that Philip and Norton should go away and not disturb his love affair with Margaret.

But Norton looked up and said, "Master, how about I spend 500 million US dollars to invest in the shipping company and only take 2.5% of the shares?"

Norton is smart. He knows that it is not so easy to take advantage of Master Chu Xiangqian, so he only charges 2.5%.

As long as you join the game and become a shareholder, when the shipping company needs financing in the future, you will have the opportunity to increase your shares.

And this opportunity is the ticket to wealth.

After Chu Xiangqian finished listening, he looked at Norton with approval. After three years of business training, this guy is indeed much smarter than when he was in Hong Kong Island.

Norton seemed to be encouraged and a smile instantly appeared on his face.

But before Chu Xiangqian could speak, Philip looked at Norton as if he were a fool.

But Norton asked Philips nonchalantly, “Uncle Philips, think about the luggage company my master founded two and a half years ago, when he sold it to Burberry, Louis Vuitton, Hermes, Chanel, and Armani for 4% to 7% of the shares.

The luggage company alone was valued at £500 million, plus another £500 million for the trolley patent.

At that time, it would cost 4 million US dollars, but the master only spent one or two million Hong Kong dollars at most to set up a luggage company.

In just less than a year, the profit was hundreds of times.

Moreover, in the past two and a half years, the market value of the luggage company that those luxury goods companies run together has almost doubled thanks to the fox skin, shark skin and top-quality cow and sheep skins provided by the master.

The stock price of our own company has been rising year after year over the past two years.

This also once again proves the master's talent and vision in business.

So as long as the master is willing to give me a chance, even if it is several times more expensive, I will not hesitate, lest I regret it to death. "

Philips was stunned after hearing this, and then he remembered that Chu Xiangqian had sold 10% of the luggage company's shares to the royal family for 5 pounds.

Three years later, the original investment of 10 pounds has been earned back, and the 5% stake is now worth 400 million US dollars.

Converted into British pounds, it is 112 million.

Whenever Elizabeth mentioned this, she would smile brightly. Unfortunately, it was the royal family that bought the 5% stake, and Philips had nothing to do with it.

Thinking about the 11-fold profit, Philips was instantly convinced by Norton.

He even felt that if he didn't join early, he would definitely regret it like Norton in the future.

But the thought of taking out 500 million US dollars means that my life will be difficult again in the next few years.

However, Philip soon remembered that Chu Xiangqian had promised to help him find a white tiger.

As long as this tiger reaches London and is sold, he will have enough money to go out and have fun in the next year or so.

If he sold another one, or acted as a middleman again, he could help steel companies in England or even Portugal buy 18 or even 36 tons of top-quality iron ore from Chu Xiangqian.

Then the days in the coming year will definitely not be worse than the past one or two years.

Thinking of this, Philips couldn't help but become active.

Pulling Chu Xiangqian, he whispered to himself, "Get one or two more white tigers, or even black tigers or blue tigers, and also get some iron ore business."

Unfortunately, Chu Xiangqian had thought about it before and it would be better to sell less white tigers and the like.

But the iron ore business can indeed be done.

Selling two or three times a year is not a large quantity, but it can also maintain the fact that the company has iron ore in hand.

If the price of iron ore suddenly soars in the future, you can suddenly take out several times or ten times the amount so that no one will suspect you.

Once this business has been in operation for ten or twenty years, no one will even check the source of his iron ore.

After all, a big businessman who has been doing this business for more than ten or twenty years will have more mineral resources in his hands.

After listening to Philip's words, Chu Xiangqian changed his mind and decided to continue selling to England the monthly iron ore production quota of the Novice Village, which is 18 tons.

But taking advantage of Philip's desire to make more money, he asked him to send someone to negotiate with Neon about the export of iron ore, and he could hide deeply behind the scenes.

Moreover, if they openly use their own shipping company to transport the goods, the outside world will only think that they are just a middleman used by Philips as a white glove.

But in fact, most of the profits are in their own hands, and they don’t have to worry about the Japanese defaulting on their debts.

As long as Philips mutters a few words in the media that Japan's business environment is not good, it will soon become an international topic.

This is also why Chu Xiangqian has been trying to win over Philip and the royal family.

Of course, Chu Xiangqian was also on guard against Philips, and even took photos of him and Taylor having an affair.

Thinking of this, Chu Xiangqian smiled and pulled Philips and said, "Last month, the international iron ore price was $12.6 per ton, and the landed price in Neon was about $15 per ton.

And I believe that the top-quality iron ore with an iron content of 70% is the most scarce basic material for the Japanese.

So, you find someone to negotiate the iron ore import order with the Japanese. As long as the deal is successful, I guarantee to provide you with at least 90 tons of top-quality iron ore every year.

The price can also be sold to your company at a landed price of US$14.5/ton.

At that time, you only need to send people to Japan’s port to receive it, and then sell it directly to the Japanese at the port.”

The price of USD 12.6/ton does not include freight. The lower the iron content, the cheaper the price will naturally be.

Chu Xiangqian had previously done iron ore business with Philips, and he had always been responsible for transporting the iron ore from South America back to London.

And 90 tons of iron ore is only the output of the Novice Village for 5 months. It’s not that Chu Xiangqian doesn’t want to buy more, but the business hasn’t even started yet.

At this time, saying that it can provide 180 million tons of iron ore every year is equivalent to revealing its own trump card.

Moreover, Chu Xiangqian believed that iron ore with an iron content of 70% would definitely be popular among the Japanese. If they wanted to expand the import volume, they would have to increase the price.

Even if the negotiation fails, Chu Xiangqian will not suffer any loss. After all, there is no storage fee for the iron ore in the Novice Village, and it will not deteriorate.

When Philips heard that he could earn a minimum of US$0.5 per ton, he was instantly attracted.

And according to Chu Xiangqian, after negotiations with the Japanese, the landed price may be higher than US$15 per ton.

If we can negotiate to $15.5, that means we can make $1 per ton, and 90 tons would be $90.

Based on the current exchange rate of 1 to 3.6, it is exactly equal to 25 pounds.

The same amount of money he received from the royal family every year.

Philips nodded immediately. "Don't worry. I'll have someone prepare 500 million US dollars to invest in the shipping company. I'll call Neon myself. If everything goes well, I'll have definite news within three days."

Norton, who was standing by, couldn't help but become a little anxious.

Although I didn't hear what business Chu Xiangqian and Philip were discussing, I knew from Philip's happy expression that the two must have reached an agreement.

So Norton naturally wanted to get involved, or at least get a piece of the pie.

Unfortunately, neither Chu Xiangqian nor Philips would let Norton get involved in the iron ore business, and they would not tell him anything about the business.

Norton saw Chu Xiangqian and Philips staring at him, and he became scared after just a few seconds.

Chu Xiangqian is his master and his financial backer. Norton doesn't have the courage to go against him.

Philip is a prince and an uncle, so Norton can only sigh.

(End of this chapter)