Rebirth: The Financial Giant

In the conference hall, there are many public fund managers, most of them are actually very upset with Lu Ming, because the mixed performance of Tiansheng Value Growth has overshadowed the funds they manage.

But one code is one code, money still has to be earned, and performance is also to be done, so Tiansheng Holdings still needs to participate in the backdoor listing.

Make money, it's not shabby.

The more people who are unhappy with him, also indirectly proves the success of Tiansheng Capital. Of course, after subscribing, the people who should be scolded in the back have to continue. If they are unhappy, they should continue to be unhappy.

At this moment, Lu Ming opened the materials and moved the microphone in the conference room and said, "According to the audit data for the fiscal year of 2015, Tiansheng Capital has total assets of 132.5 billion yuan, net assets of 130.9 billion yuan, annual revenue of 21.6 billion yuan, and total profit of 19.133 billion yuan. 100 million yuan, with a net profit of 14.918 billion yuan and a net profit margin of 100 million yuan.”

The institutional people present looked at each other, and they all knew that Tiansheng Capital's performance in 2015 must be very good, but they did not expect it to be so good.

That day, Sheng Capital is now far underestimated. The resumption PE is equal to about 12.5 times. It is not too much for the PE to top 22 times based on this performance.

Wang Yue said in surprise: "This performance is enough to support the stock price to 5,280 yuan, which is seriously undervalued."

The institutional people present were very excited. This wave of performance expectations has been speculated, and it is impossible to suppress the stock price. Fortunately, the institutions present before the resumption of trading in this time have already held a large number of shares of Tiansheng Capital.

"Don't rush to judge, there is still one quarterly report for this year that I haven't read yet." Lu Ming said with a smile.

"Oh? Let's wait and see." Wang Yue couldn't help but be curious. All the people in the organization were very interested. From Lu Ming's relaxed side, it seemed that the quarterly report should also be very good.

Lu Ming said in an orderly manner: "In the first quarter of 2016, the revenue was 1.376 billion yuan, the net profit was 455 million yuan, the total assets were 227.039 billion yuan, and the stock net assets were 223.79 billion yuan."

It is worth mentioning that Tiansheng Capital is a securities investment company. The invested stocks cannot be counted as operating income before they are cashed.

In other words, looking at Tiansheng Capital's financial statements, it doesn't make much sense to look at revenue and net profit. The company's stock net asset scale is the core performance indicator.

After Lu Ming simply read out the core data of the quarterly report, all the institutions present were not calm.

Lin Qiang said in shock: "Mr. Lu, how come the assets have increased by 107 billion? What's the situation?"

Lu Ming said with a smile: "Let me make a long story short, the increase in overall asset prices is mainly due to the growth of overseas investment. As of March 31, the scale of Tiansheng QDIE has reached 39.216 billion US dollars, or about 253.3 billion yuan, of which Tiansheng Capital has its own The share accounted for 120.8 billion, which offset the sell-off of Anshi Group a year ago."

After a pause, Lu Ming added: "In the first quarter of the year, I shorted the foreign market, and in February it was overturned. If the cumulative yield of the QDIE fund in the first quarter is now 200%, it is definitely over."

All the institutional people present had their jaws dropped.

Snapped--!

Lin Qiang slapped the table with excitement. He jumped up from his actions and shouted excitedly: "Okay! Okay! Hahaha, I'm sorry everyone, I'm sorry, I'm so sorry, I'm so sorry, hahaha!"

Seeing Lin Qiang's reaction, other institutional people present were all contemptuous and uneasy, but they were envious and jealous. Chaoyun Trust was the first LP of Tiansheng Capital, and it made a profit during the Antiy War. Now Absolutely insane rhythm.

When Lin Qiang just learned that the scale of Tiansheng QDIE Fund had expanded to 253.3 billion yuan, he realized that Chaoyun Trust could share 83.5 billion of the cake, and the addition of Anshi's shares meant that Chaoyun Trust was handed over to Lu Ming for management last year. The assets of 20 billion yuan have expanded to more than 150 billion yuan, and the growth rate is as much as 650%. This is a growth rate of tens of billions of funds!

Even if it was doubled, he would be happy to die. This guy put up 6.5 times the data, which is more than 150 billion. It is no wonder that Lin Qiang was so excited that he lost his temper.

In fact, the Wanxiang Group and other organizations that have already boarded the car are also excited as if they were beaten with blood. Although they are not the first to board the car, they are still making money.

This quarterly report is so exciting.

Wang Yue said excitedly on the spot: "I have to correct one point, 22 times PE is a number without dreams, and even more unimaginative, 30 times PE is basic, 35 times PE is not too much, and 45 times PE is expected. It's not impossible!"

People from other organizations present are also gradually getting excited. Everyone in this conference room today is a winner. There is no doubt that the difference is a big win or a small win.

At this time, Lu Ming said: "I shouldn't have commented on the transactions in the secondary market, the market behavior, but it is a bit too much to dry the PE to 45 when the trading resumes."

The present attendees burst into laughter.

One thing is certain is that Tiansheng Holdings will definitely be dominated by institutional games in the future. Once the 3,000 yuan inquiry is passed, few retail investors can afford it. In theory, the institutional people present will actually be opponents in the future. There is no difference, but now there is definitely no disagreement. They are all consistent and long, especially the results of this year's first quarterly report, which can be called an explosion. There is no doubt that the consensus is long.

"Mr. Lu thinks how much PE is suitable? We can get it to the top." An agency person asked loudly at this time.

Everyone looked at Lu Ming in unison. The latter spread his hands and said, "Manager Zhang, what you said is very interesting. The price is 3000, PE12.5. Do you think it will be in the range after the resumption of trading?"

Wang Yue said with a laugh: "Brother Lu, this is probably impossible, let's put it this way, the resumption price of Tiansheng Holdings' 3,000 yuan is equivalent to the price of Anshi's shares of 5 yuan in July last year. Can't hold back."

Lu Ming shrugged noncommittal. The resumption price of Tiansheng Holdings is the historical bottom. There is no doubt that Lu Ming knows the value of Tiansheng Capital better than them, because he has the confidence to become bigger and stronger.

It doesn't matter, anyway, for the company, the institutional game in the secondary market will not affect the company's operations.

In the future, Tiansheng Capital will not have a fixed increase, and will maintain a total share capital of 80 million shares. It will not be a fixed increase or repurchase if there is no accident.

In the early stage of resumption of trading, there is inevitably a lot of speculation. When the stock price reaches the sky-high price, retail investors should consider buying a lot as a major decision like buying a house. The moment they decide to trade must be the result of careful consideration~www.novelmt.com~ and Not an emotional chase.

The price that broke through the sky is actually Lu Ming's hope to let his investors make price bets, rather than emotionally chasing up and down. Don't think that this is exclusive to retail investors. There are many institutions that chase up and down. Sometimes Institutional money is like a dog.

Half an hour later, the major institutions present began to sign a subscription agreement with Tiansheng Capital, basically rushing to take over the order.

Big players like Wanxiang Group and Social Security Fund have already decided their share, and today they came to sign a formal agreement. More than 40 other institutions, including public funds, shared an average of 115 million yuan per institution.

This is a must-win business, and it is really a rush to take over.

It is only more than 100 million yuan, which is still too little meat for more than half of the institutions present. If you want to get more chips, you can only wait for the resumption of trading next Wednesday to go to the secondary market. In the capital game in the primary market, the holding cost is definitely higher than that of fixed increase subscription.

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(Ps: Next, start to honor the first order plus chapters!)