There was a morning meeting time for J.S. Invest.
While drinking coffee, each of them freely presented pending issues and listened to business instructions.
First, Jung, who manages the company's capital, said.
As you know, 1.9 billion won of our company's capital is invested in Lotte Confectionery, which is a par split. It's 20 percent higher than I bought it."
20 percent? Wow."
The female staff exclaimed at twenty percent.
How much is 20 percent?”
It's 380 million won."
asked Jung, looking me in the face.
"It's up a lot. Should I sell it?”
"When did you say the Lotte Confectionery shareholders' meeting was?”
"It's this Friday. It's March 25."
I thought 38 million won would be enough for JS Invest to live for about a year. I was relieved. I thought I could sell it because the shareholders' meeting was close.
"Sell them in installments starting tomorrow."
"Okay, sir."
This time I asked Choi Yuna.
"The overseas fund was invested 2.5 billion won?”
"Yes, we are now invested in blue-chip stocks in the United States."
"Hmm."
In fact, I read the investment diary every day and I knew it all.
However, the staff induced questions on a shared level because many people did not know.
"Where did you say it was invested?”
"Tesla, GE, Lockheed Martin..."
Chang looked at Choi Yuna and said,
"There are a lot of people who don't know what a company is if you name it. Let's talk about the industry."
"Tesla is an electric car company. GE is a high-tech, service, and financial company in the United States. Lockheed Martin is a defense company.”
Song spoke as if he knew.
"That's right. Lockheed Martin is a fighter producer."
"We also invested in Boeing, a famous aircraft manufacturer, GM, Amazon, an electronic trading company, and Apple that we know very well."
I nodded.
"American companies pay better dividends than Korean companies. So those who know America well are interested in overseas funds. Lockheed Martin, in particular, has a 2.4 percent annual dividend."
"Well, the dividend is attractive."
"That's why I want to explain this to my customers."
"That's a good idea. By the way, you said you were interested in a Chinese company last time, how about you?"
"We haven't invested there yet because our customers prefer the U.S. side. But China is moving to reform state-owned enterprises. It looks like it's going to get better."
Chang said.
"Samo funds are where individuals with less than 49 employees invest more than 100 million won. So it's hard for individuals to access. Moreover, JS Invest receives more than 500 million investment for convenience. So I think we're going to have to do business with corporations from today."
"Well, I guess I should."
Chang said while looking at Choi Yuna.
"Mr. Choi Yuna, many of your American college alumni have returned to Korea and joined the company, right?"
"There are a few, if not many."
"Try targeting corporate sales. It'll be all right. This is an incentive company, so we should get billions of won, right?"
"Millions of billions? Ho ho ho ho ho. You're saying something like a dream. Well, my friends at multinational global finance companies have that kind of salary."
Like Choi Yuna, the family's poor accounting officer Kim Hyung-sook and secretary Hong Ji-young were listening without speaking.
Chang looked at Kim Hyung-sook and Hong Ji-young, apparently conscious of this, and said,
"Kim Hyung-sook and Hong Ji-young should go on a business trip with me this afternoon. I have to do financial and manpower analysis, but I think I need to get some help.”
"Okay."
"Isn't the original private equity fund a company that makes profits by selling back the shares it bought after discovering undervalued companies and increasing their corporate value? If I go today, I'll have to see if it's an undervalued company or a highly valued one.”
"Okay."
Kim Hyung-sook said, "Look carefully at the sales growth rate, operating profit growth, stock price return and inventory turnover of the visiting companies today. We look at the EV/EBITDA indicators."
"Okay."
Hong Ji-young said, "Sales per capita, operating profit per capita, turnover rate. Take a good look at labor-management cooperation, labor costs per two for R&D."
"Okay."
I asked.
"So the visiting company was discussed in advance? He's visiting today."
"Yes, the story is done. There will be a vice president, accounting executive, and planning director. There's no reason to refuse to visit us, because if we go and invest, their stocks will rise."
"Well, you'd rather be nice."
"Yes."
Chang looked me in the face and said again.
"There's no other story. Why don't we end today's meeting here? Why don't you say a word and let's get it over with."
I drank the last remaining coffee and said a word.
"You're strengthening your corporate operations, so please pay a lot of attention to your corporate operations. And the company's capital was invested in Lotte Confectionery Liquid Liquid Liquid Liquid Liquid Liquid Liquor, and if it starts selling tomorrow, we have to find new stocks."
"Okay."
"Discover stocks with increasing volume and moving averages that are upward, resilient, and less resistant to sale."
"Okay."
"Then I'll wrap up today's meeting here."
All the employees went back to their places and I came into the president's office.
I turned the chair slightly to the side and looked over the window at Yeouido's square.
I thought about Lotte Confectionery which was supposed to sell from tomorrow after laying back the chair.
[20% yield as of today?] Well, if I didn't set up a J.S. Invest company by myself, that's all my money. Too bad it's corporate money.]
I felt a little sorry.
However, I didn't find the liquid liquor, but I didn't have to feel sorry for it because Jang did it.
If you make a good profit, you'll pay the profits after the end of the year, so that's the money. Isn't it 80% since I invested 1.6 billion from 2 billion capital?]
I was leaning against the chair, closing my eyes, and thinking of this, and I was about to fall asleep.
Then I remembered that I bought some skimmed stocks with my personal money. I quickly opened HTS and checked the stock price.
I smiled.
Also, the number of stocks that escaped from the management sector was rising sharply rising. Some stocks suffered a setback as to whether accounting data were published.
I sold a stock first. The rate of return was 23%. The average yield has not yet been calculated because a number of stocks have been bought.
I was leaning against a chair after selling an item and got a call from Lee Soo-chul, a paper company.
"It's me, Su-cheol. Thank you for coming to the wedding."
"Thank you! The bride was so elegant and nice."
It didn't seem very elegant, but he said so.
"Thanks for sending me the wreath. I thought you were just an officetel investor, but you weren't. I didn't know you were the CEO of the asset management company in Yeouido. You're great."
"No, it's not a grand asset manager, it's a company that runs a few private equity funds."
"And why did you send so much congratulatory money? It's a burden."
"No, I sent less.”
"My mom says you're very handsome."
"Handsome! I still don't have a girlfriend!"
I remembered being bullied again when I went to condo when I was in school.
[What? Bouty handsome guy? Then you shouldn't have been bullied. We're the only ones going out and bad guys!]
But I had no choice but to give words of blessing.
"Let's get together with our friends."
"Yes, good. Let's get together once at the store."
"Good. Let's do it."
I was no longer happy to see Hwang at the store. The whole chicken and draft beer were now withering, probably because they only went to famous restaurants in Yeouido. But since it's my friend's store, I thought I should raise the sales.
When Lee Soo-chul's call was over, his mother called him this time.
"Do you happen to know a company called Infopia?"
"Infofia? I don't know."
"I'm calling because you're a stockbroker."
"Should I ask our employees a question?”
"It's the company that Samsung Group tried to take over last year. It's a healthcare company."
"If Samsung wants to take over, I think it's a company with a great potential to grow. Have you looked at the financial structure?"
"Hey, when you invest in stocks, the financial structure is a reference, and that's not absolute, is it?”
"Still."
"I'm thinking of renting the remaining 25 million won here."
"If Samsung was going to take over, it's just a story, not a real acquisition.”
"But it deserves the attention of the market that such a story has been told."
I suspected that it was a rumor spread by the forces.
"By the way, what other issues has the company got?"
"I went to my brother's office yesterday. I went there because I couldn't get enough anger to meet my brother and grab him by the collar.“
"So you met a brother you knew?”
"You bastard avoided me when he heard I was coming."
"And? What does that have to do with the Infopia you're trying to invest in?"
"Listen to me more. You don't listen to other people until the end. I admit you made money on the stock, but you still have to listen to other people until the end!"
The Virgin Mary talked a little irritated. I understand that the Virgin Mary is out of her mind these days.
"I'm sorry. Yeah. Talk to me. I'll be listening."
"I don't know my brother, but there are people I worked with there. I heard them talking on the phone.”
"What are you talking about?"
"KOSDAK Listed Company Oh Sung-Jiel said it is working with private equity fund management company KTB to push for the acquisition."
"What? You mean Infopia, a listed health care company?"
"Yes."
"Are you sure about that?”
"The people we worked with know Emmy and Cicadas in the Yeouido Trail Building. I have a lot of friends, too. That's why we exchange information from time to time."
"Well, that's why you heard about private equity investment."
"Do you know the KTB private equity firm you just talked about?”
"I don't know. There's only one or two private equity firms on the floor of Yeouido."
"If that's true, wouldn't stock prices bounce?”
"If it's true, it will."
"Then I'll recover the loss. Isn't it 50 million won if the boat bounces after the remaining 25 million won? Then I'll be able to pay you back the 5 million won I couldn't pay you back."
"Don't worry about the money you couldn't give me."
"That's why I bought 15 million won and called you."
"Did you?"
"I'm calling because I thought of you while I was about to scream the rest of the 10 million won. I was wondering if you knew the company called Infopia.”
"No, I really don't. I'm sorry I couldn't help you."
I really didn't know the stock called Infofia.
Nor was I memorizing all those listed companies. However, it was quite disturbing to hear and shout so much without looking at the financial structure.
I wanted to say one more thing, but I held it in. It was because there were people who were particularly reluctant to interfere.
I really wished Sung-mo a big success by knowing the investment information of private equity firms in advance.
When I buy stocks, I often have something on my eyes, so I can't make a rational decision, but this time I hope it will be a big hit.
management item de-escalation theorem