Winning the new financial era

Chapter 249
"Fuck, Goldman Sachs issued an announcement saying that it would reduce its holdings without even saying hello. This is too dishonest."

At around 9 o'clock in the evening, Fan Hongyang walked into Zhang Yida's office cursing.

Only then did Zhang Yida remember that he forgot to communicate with Goldman Sachs. Considering the time difference, he didn't call Robert a few hours ago because it was still late at night and early in the morning in the United States.

It is now 10:30 am EST, and Nasdaq has just opened, but Goldman Sachs issued a paper to reduce its holdings.

"How much did they announce to reduce their holdings?"

What Zhang Yida cares more about is the amount of the reduction. If the amount is large, it will definitely cause the stock price to plummet.

"Goldman Sachs announced that it will reduce its holdings of 500 million ADSs, accounting for about 12.5% ​​of its holdings. After the reduction, it will still hold 3500 million ADSs of Yimin Wangjin, accounting for about 14.93% of the total share capital."

Zhang Yida rubbed his chin, these foreign devils don't have any good stuff!
U.S. stocks are different from A-shares. A-shares reduce their holdings first and then announce, while U.S. stocks first announce and then reduce their holdings.

Goldman Sachs' reduction of holdings in this wave was still too aggressive, and the 500 million ADSs accounted for a little more than 23450% of the total share capital of 2 million ADSs.

"What is our stock price now?" Zhang Yida asked.

"26.72 US dollars, only a little higher than the issue price of 25 US dollars, a few points of decline may fall below the issue price."

Speaking of this, Fan Hongyang was full of worry, and said again: "The domestic mutual fund regulatory policy has not been implemented, and foreign investment institutions have always kept our company at a respectful distance.

The trading volume of the stock is insufficient, and the stock price cannot rise! "

This incident caused Zhang Yida a lot of headaches. With the stock price in such a slump, it would be difficult for him and the company executives to cash out.

Cashing out at this time, coupled with the "fleeing" of the major shareholder Goldman Sachs, it is not impossible for the stock price to be cut in half.

"Old Fan, let this matter be like this! No matter how much the stock price drops, don't care about it.

We put more attention on the company's management level, and when the situation in Southeast Asia is up, the stock price will definitely improve.

By that time, it will not be too late for us to cash out. "

Zhang Yida began to appease Fan Hongyang. Seeing that the company was listed on the market, the shares could not be realized.

He guessed that the executives like Fan Hongyang must be very anxious.

Wealth and freedom are close at hand, but they dare not act rashly, I am afraid everyone is like a cat's paw in their hearts.

"Mr. Zhang, I'll know if you don't tell me. Let Goldman Sachs cash out first, and it doesn't matter if our management slows down.

There are others, I will go to work. "

Zhang Yida benefited from Fan Hongyang's general knowledge. He said, "That's it. I'll call Robert and ask them what Goldman Sachs wants to do."

In front of Fan Hongyang, Zhang Yida dialed Robert's phone number. Through the phone, Zhang Yida heard Robert's funny greeting:
"Mr. Zhang, good morning!"

"Mr. Robert, capital time, it's night now."

Robert smiled awkwardly: "I'm sorry, I forgot that Beijing time is half a day earlier than Eastern Time in the United States."

"Goldman Sachs wants to reduce its holdings of 500 million ADSs?" Zhang Yida didn't bother to say a few words, and went straight to the topic.

The announcements have been made, and the shareholding reduction must not be hidden from Zhang Yida. Robert admitted frankly:
"Yes, Goldman Sachs has invested more than 4 million U.S. dollars in Yimin Wangjin. Out of risk management considerations, we decided to pocket a part of it."

"Five million ADSs is a bit too much. Just when the ban is lifted, you guys are going to make a lot of moves. I'm afraid it will cause an avalanche of stock prices!"

Robert smiled "haha" and said, "Mr. Zhang, please rest assured that Goldman Sachs has clever traders and securities trading methods, which will not cause too serious stock price fluctuations."

Robert's shamelessness once again refreshed Zhang Yida's perception of capitalists. As long as this group of people is profitable, they dare to say any nonsense.

The 500 million ADSs account for nearly 15% of Yimin Wangjin's issued shares. Will the stock price fluctuate if they are thrown out?
"Okay, Mr. Robert, let's not dwell on this topic. I just want to ask, does Goldman Sachs have any plans to reduce its holdings in the near future?"

Zhang Yida was too lazy to argue with him, and asked directly if Goldman Sachs made any big moves.

"No, we are still very optimistic about Yimin Wangjin. It's just that we invested more than 4 million US dollars earlier, which is a relatively large amount. According to our internal risk management regulations, we must recover part of the investment."

Zhang Yida said "OK", and then said: "I have a suggestion, when your company has a move to reduce its holdings, you'd better notify us.

Otherwise, just like today, we will be in a hurry. "

Robert promised "Okay, okay", but he didn't take it seriously in his heart.

After hanging up Robert's phone, Zhang Yida said to Fan Hongyang: "I think Goldman Sachs just wants to make a profit and run away, and has no plan to hold our stocks for a long time.

We must be psychologically prepared for a long-term decline in stock prices. "

Fan Hongyang's heart tightened, and he frowned and said: "That's true, they didn't communicate with us, and they directly issued a shareholding reduction announcement.

I'm afraid I want to clear the stock early. "

"Yeah, compared to more than 4 million US dollars when they bought shares, now their market value exceeds 10 billion US dollars.

Before the stock price is cut in half, they can't lose money. "

Zhang Yida looked gloomyly at the brightly lit Zhongguancun Software Park outside the floor-to-ceiling windows, feeling in his heart that the listing is not the end, there is still a long way to go.

"Then, do we need to make any preparations?" Fan Hongyang asked.

"Just keep going at our own pace!"

……

"The revenue is 18.5 billion yuan, but the B round of financing has been completed."

Zhang Yida looked at the financial report of Huimin Travel, and praised with a smile.

But when he saw the loss figure, he couldn't laugh anymore, and said in surprise: "The loss exceeds 30 billion yuan?"

Huang Xiaofeng smiled awkwardly and said: "The main reason is that the depreciation of bicycles is too high, and the loss on this has exceeded 25 billion yuan.

In addition, the offline scheduling team is too large, distributed in more than 300 cities, with a total of more than 1.5 people. In terms of personnel salaries, it costs nearly 10 billion yuan a year.

This is also because the labor cost of personnel in third- and fourth-tier cities is low, which lowers the average salary of offline dispatching teams.

For example, in first-tier cities, it is not easy to recruit people for 8000 yuan a month.

Our requirements for the offline scheduling team are not low. We have to move bicycles every day, have good physical strength, be able to drive, and be able to easily repair bicycles..."

"How much cash is on the books?" Zhang Yida asked.

"It took 500 billion to manufacture 50 million new cars, 1.8 million U.S. dollars in cash to acquire Bimo, 1 million U.S. dollars to invest in Green, 7.5 million yuan to purchase and dispatch light trucks from various places, and open an operation center...

There is still... 15 billion yuan in cash in the account. "

Zhang Yida wants to swear, what the fuck, it’s only been a while, and the 15 billion US dollars raised, and more than 90 billion RMB, are almost spent.

"Without calculating the depreciation of bicycles, can the company's monthly income and expenses be balanced?"

Zhang Yida sighed, the scale of shared bicycles has increased, and the pit of money is also a bottomless pit!

"It's still a little bit worse. If the revenue increases by another 50% to reach more than 27 billion yuan, without depreciation, it can basically reach a balance with the expenditure, and even the cash flow can be positive."

Huang Xiaofeng was also sweating, he thought that Zhang Yida would yell at him after hearing the remaining cash figure in the account, but it didn't happen, instead Zhang Yida was terribly calm.

"With 27 billion yuan and 700 million bicycles, each of which generates one yuan of revenue per day, which is more than 25 billion yuan.

Coupled with the advertising cooperation of Ruimin Financial Management, 30 billion is possible. "

Zhang Yida settled the accounts there.

Huang Xiaofeng reminded: "Ruimin Wealth Management's advertising cooperation with several hundred million revenue is not a big problem, but the difficulty is the income from cycling."

"Are they still subsidizing?" Zhang Yida asked with a frown.

Huang Xiaofeng sighed: "Leech Financial Services promoted the merger of Yong'an Xing and Hello Bicycle, and then integrated several small businesses.

In first- and second-tier cities, they have been fighting with us.Therefore, we can only implement the strategy of free riding in first- and second-tier cities.

We are not affected much in the third- and fourth-tier cities, but the volume and income are only one-third of those in the first- and second-tier cities.

If we can implement absolute fees in first- and second-tier cities, the revenue can be multiplied by 3 times on the current basis. "

"This toad doesn't bite, he's disgusting!"

Huang Xiaofeng spit out another golden sentence, his brows almost wrinkled together.

"Does our current market share reach 70%?" Zhang Yida asked.

"It should be more than that, probably between 70% and 80%. Whether it reaches 80% or not depends on the survey report of the consulting company."

Huang Xiaofeng also knows that the company is still carrying a bet on its back. The investor requires to achieve a revenue balance or an 80% market share.

"Where's Didi?" Zhang Yida asked again.

"It's still the same, with a volume of hundreds of thousands of vehicles, it has not expanded.

However, Uber seems to be on the verge of dying. When Didi makes a move, it will be hard to say what will happen next. "

Zhang Yida felt a little bad when he heard it, so he said, "Say, how about we start a ride-hailing business?"

"Ah?" Huang Xiaofeng said in surprise, "Can we do it?"

"How can it not work?" Zhang Yida explained: "We now have nearly 1 million users, with such a large amount of traffic, it doesn't matter whether it's a ride-hailing service or a taxi aggregation portal."

"Isn't Chen Wei your friend?" Huang Xiaofeng asked.

"He wants to come to the shared bicycle to get involved, so I don't have to show him mercy.

Besides, friendship is friendship, business is business, and the two cannot be confused.

Our first priority is to let ourselves survive first.

We must balance the revenue of shared bicycles, otherwise the game cannot continue. "

Looking at Zhang Yida's heavy expression, Huang Xiaofeng also knew the seriousness of the situation.

Even Mr. Zhang, whose financing is as simple as eating and drinking water, said that he couldn't continue the game.

Huimin Travel Group has only received US$15 billion in financing, and the money has bottomed out in less than half a year.

No matter how much money the venture capitalists burn, they will not dare to end easily.

Huimin Bicycle must prove that it has the ability to survive independently, rather than relying on a steady stream of financing games.

Whether it is to increase cycling income or expand the ride-hailing business, it is all for the company to achieve revenue balance as soon as possible.

"Then why don't I talk to them? Discuss to stop the subsidy war?" Huang Xiaofeng made a suggestion.

　Thanks: fggggwre, press..., readers 1198582920910487552, Yefeng, and other book friends for their rewards!Thank you very much!
　　Thanks also to all the book friends who voted for recommendation for a long time!I keep working hard!

　　
　
(End of this chapter)