Flash!
Venezuelan and Saudi oil ministers hold hands in front of camera flashes and smile brightly.
Although it is an unofficial negotiation with the Saudi government, which accepted my proposal to manage the armed group, the negotiations have already been discussed in advance, but the first agreement between OPEC, Seron, and the Venezuelan Alliance, which has been playing a game of chicken, is to cut production. .
Of course, the reporters who came out of the coverage are pouring in questions.
However, it is not the two oil ministers who are the subject of the discussion who are asking the question, but I, who is sitting in the observer’s seat.
“How far do you expect oil prices to rise with the production cut agreement?”
“Will Venezuela Stay with OPEC?”
I shrugged my shoulders at the reporters’ questions.
“The current production cut agreement is an agreement between OPEC and Venezuela to cut oil production, so you have to ask the other side.”
Everyone knows that Venezuela is practically a scarecrow, so it’s hard to say, but it’s too annoying to answer each one, right?
I got up and said.
“There will be time for questions in a minute, so ask the two ministers over there.”
“wait a minute! Chairman Han!”
As I leave the auditorium behind the reporters, Kim Deok-bae, who has been waiting for me, follows me along with his secretary and bodyguards.
I said that to Deokbae Kim.
“How about oil prices?”
“It is skyrocketing.”
I said with a smile.
“Of course, it wasn’t normal oil prices in the first place.”
With this agreement to cut production, not only OPEC and Venezuela cut production by 8 million barrels, but also non-OPEC oil producers, who were concerned that the negotiations might break again, said they would cut production, so a whopping 10 million barrels production cut was announced today alone. .
And this volume accounts for 20 percent of global crude oil exports.
In a situation that has been forcibly suppressed, oil prices will inevitably skyrocket when the water is shut down on a large scale.
“How about an oil refinery?”
The currently completed refinery has a capacity of 500,000 barrels.
However, after the game of chicken began, rather than increasing factories one by one, they started constructing several oil refineries at the same time, which was expected to be completed sooner or later.
“Five in Korea and five in Venezuela. This will be completed sooner or later.”
“So that adds up to 1 million barrels? okay.”
very good.
This is more than enough to cover all of Venezuela, which currently produces 1.3 million barrels.
Of course, when the drilling facility is completed, it will pump out 3 million barrels a day, so it is still insufficient, but that is enough if you continue to increase the number of factories by adding the refinery in Japan.
“see. If the current target oil price is $65, and 1.5 million barrels per day are refined, 78 billion will fall into my hands. What about a month like that?”
I said with a grin.
“2.3 trillion.”
Even though oil prices are not high, they fall by more than 2 trillion won a month.
If you double the daily production to 3 million barrels, you will earn 5 trillion won in a month.
Even going to high oil prices here?
Then, the net profit per month may reach 10 trillion won.
“Sweet, sweet. It’s not a waste of money invested.”
Burning tens of trillions of dollars is rewarding.
In addition, a significant part of those tens of trillions is the money lent to Venezuela and the money that went into the construction of the drilling facility, so it can be recovered enough, so it’s a business that remains ignorant.
“Can we just cut it all off and sell the oil?”
It is completely understandable why oil producing countries neglect other industries.
Of course, that’s just talk.
Although the profitability of other subsidiaries does not reach that of Seron Oil, those subsidiaries are the pillars that will support the Seron Group in difficult times.
I walk down the aisle with Deokbae Kim, and President Juan Pablo walks towards me from the other side.
“Mr. President.”
“Mr. Han.”
After shaking hands with President Pablo, Pablo’s interpreter delivers the president’s words.
“Thanks to this, Venezuela has been able to maintain its sovereignty and increase production in large quantities. It’s all thanks to Chairman Han.”
“It was nothing. It is thanks to the President for accepting my insistence.”
“From now on, Venezuela will forever be on Serron’s side.”
Be on the side of Seron forever.
well.
If the president changes, isn’t that the end?
From nob le mtl dot com
Maybe an anti-US government will step in and declare nationalization.
Of course, I was concerned about that, so I organized the guilds, but the best thing would be for President Pablo to succeed in reappointment.
To do that, you need to be popular with the people.
“There will be a lot of money going into Venezuela in the future, and I want you to use it well for national development.”
Then the president smiled brightly and said.
“of course. We will reorganize the national infrastructure and make it a habitable country. In that sense, I have something to ask of you.”
“Please?”
“In the future, we plan to carry out land reclamation projects as well as buildings from roads, and please do the land reclamation projects. No matter how much I think about it, Seron, who has done large-scale land reclamation in Central Africa, seems like the right person.”
Will you create an industrial base in Venezuela?
“Originally, Venezuela is a country with considerable fertility. However, it was only neglected and abandoned due to the curse of resources. So, starting with agriculture, the primary industry, we will revive the country.”
I said with a smile.
“I can’t do it for free. Surely you don’t intend to borrow money from me, do you?”
“You don’t have to worry about that. If crude oil production increases, the country’s finances will also be stabilized. I will pay back the money I borrowed.”
That’s a good plan.
Grow national infrastructure with money earned from oil.
If you do that well, re-election will probably not be a problem.
I shook hands with President Pablo once again and said,
“Thank you very much, Mr. President.”
“Neither do I.”
Please do well.
So that I can eat for a long time.
*
As oil prices stabilize and factories operate in droves, money literally pours in.
It’s enough to enjoy just looking at the money stuck in the bank account.
However, it is still far from enough to make up for the money he borrowed while playing this game of chicken.
“Tens of trillions if you add the 15 trillion live ammunition prepared by Seron and the money borrowed. When will you fill this up?”
Of course, when production is increased to 3 million barrels and the factory is fully operational, it will be able to make up for it soon, but isn’t it now?
I poured all my energy into obtaining sweet fruits, but it was far from enough to soothe the stomach skin that had stuck to my back.
Since I don’t know when the undead army will appear, my empty bankbook makes me anxious as I always have to prepare.
“Is there anywhere to get money?”
I thought about it for a while, but still no answer.
If it was so easy to get a lump sum in the first place, you wouldn’t have gotten a loan, right?
I licked my lips and said.
“The simplest thing is listing…”
The reason I never went public in the past is simple.
It’s to take control of the company and spend money freely.
In fact, since I had full control during this game of chicken, I was able to push through regardless of whether or not the employees were dissatisfied.
However, after getting a loan for this chicken game, my thoughts changed a little.
“I need a lump sum of money that I can draw on whenever I am in a hurry.”
The thing that took the longest time while getting a loan this time was the collateral needed to get a loan.
Seron has a lot of assets, but it took a surprisingly considerable amount of time to evaluate the reasonable value of those assets and issue a loan based on them.
Of course, I was able to receive it relatively quickly by preparing in advance assuming a game of chicken, but even if an unexpected situation occurs in the future, I might need money urgently.
Perhaps, in a situation where such a huge amount of investment was exhausted, an undead army would come out and draw money in a hurry.
From that point of view, the surest way was to go public.
Because the stock price has a fixed value, you can get a loan immediately or sell it if necessary.
You can bring in a lump sum right now, or you can bring in money in case of emergency.
“It’s a problem that I can’t do my own thing when listed, but wouldn’t it be okay to have one or two complete subsidiaries that are stable and do not have anything to do with new business?”
Of course listing them all is crazy.
In particular, listing a company that has just begun to take off like Seron Oil is like sharing the future value of Seron Oil, and I won’t be able to run the business on my own like this chicken game.
But what if it’s one or two?
Wouldn’t it be okay if there were one or two complete subsidiaries that are hard to expect further development because the growth engine has stopped and at the same time do not have to do anything new?
After all, these complete subsidiaries have already established themselves perfectly and have nothing to do while overcoming the opposition of shareholders.
After listing like that, the profits of affiliates are allocated according to the stock, and the unlisted holding company’s income is used as much as you want.
“I think one or two would be fine, just like how Saudi Arabia raised money by listing the state-owned oil company Aramq?”
Do you want to go public and use it as a fund window in case of emergency, or are you satisfied with the money you earn as you are now?
“What affiliates have completely stagnant growth? Seron shoes?”
A business worthy of the first business started using a skeleton.
Seron Shoes has grown at a terrifying pace by absorbing manufacturers’ textile OEMs at random.
Thanks to this, we were able to become the world’s largest textile manufacturer with annual sales of 12 trillion won.
However, the growth of Seron shoes was gradually stagnant as manufacturers, concerned about the possibility of negative effects due to the complete monopoly of Seron shoes, handed over some of them to other manufacturers despite the higher price.
“How much will it be if listed?”
As it is the world’s largest textile manufacturer and at the same time the first listed company of the Seron Group, I don’t know, but wouldn’t it double sales with market capitalization?
Net profit is also low by my standards, because it is quite high for a light industry.
So roughly 24 trillion.
What if you release 40 percent of your stock to the market here?
“9.6 trillion.”
Seron Shoes boasts sales of 12 trillion won, but its net profit is less than 1 trillion won.
In addition, growth is stagnant, so it is expected that there will be no big difference in the future, but it is possible to bring about 10 years of net profit with a single listing, and at the same time attract money in case of emergency?
isn’t it bad?
“good. Let’s find out.”
*
Kim, managing director of Daehan Investment & Finance, said with a smack of lips.
“There are no companies to have fun with these days.”
The main sources of income for financial companies are stock brokerage commissions and direct investment, but there was an equally important business item, listing.
Financial companies are a kind of stock market version authorized brokers who take a portion of the amount traded while listing the company.
Until recently, however, many companies whose performance has improved thanks to the unprecedentedly low oil price have been listed and had fun. There was no
Executive Director Kim said with her eyes shining.
“If Seron goes public, it will be great.”
The Seron Group was a unique company that is hard to find in Korea or even in the world.
I’m not simply talking about skeletons, but it’s common to want to go public to secure funds even if only tens of billions of dollars in sales are raised, but the Seron Group has not listed any affiliates except for Bugs, which was separately acquired.
“Even if I don’t go public, the money rots and overflows, but? Still, I don’t understand that I could get a lot more if I went public.”
Seron’s financial power, which he showed in this Yuga Chicken Game, is phenomenal.
But that’s why I don’t understand it any more.
Having huge sales and net profits enough to raise that amount of money on its own means that you can get several times more money than that money when listed.
“If it goes public, it’s unconditionally a jackpot.”
Ceron Group affiliates have overwhelming returns and each has a dominant position in the industry, so both Ceron Group and those who will receive commissions are sure to be a jackpot, but Ceron Group, to be exact, has no intention of listing, so there is no way. .
“ha. Well, let’s not even look at things that don’t have a chance.”
That moment when I was about to erase the theory from my head and start working again.
“Executive Manager!”
An employee knocked on the door and said.
“The president is here!”
At those words, the managing director jumped up from his seat and said.
“what? President?”
Understanding that the head of Daehan Investment & Finance had come, the managing director opened the door and said,
“What did the president come for? No, you can just call me, what are you doing here…”
Then the staff spoke in an urgent voice.
“ah! No, other than our president!”
“What the hell are you talking about? Say it straight.”
At that, the staff hurriedly said.
“I’m sorry. I was so flustered that I kept talking nonsense…”
Just then, a man’s voice came from behind the employee.
“hello.”
At those words, the executive director turned his head and his mouth dropped open.
“Ha ha, Chairman Han?”
That person was Han Ji-hyeok, the one who made the executive director drool by saying that listing would be a jackpot.
“Are you the managing director? I hear you are in charge of listing?”
“Yes, yes.”
“I’m thinking about listing one of my affiliates, so I’m here for a consultation.”
At those words, the executive director, whose head went blank, said.
“crape? Seron affiliate listed?”
“yes. To be precise, these are Seron shoes, but since I am new to listing, there are many things I do not know, so I came here to ask.”
Publication of Seron Shoes, which has been reborn as the world’s largest textile manufacturer?
‘Wow, that’s great. It’s an invitation!’
The managing director bent his waist 90 degrees and said.
“Welcome, Chairman. Come in for a moment, and I will kindly explain.”
“thank you.”
After letting Han Ji-hyeok into his room, the managing director immediately took out his cell phone and called the chairman of Daehan Investment & Finance.
-What’s going on, Executive Director Kim?
“President, I would like you to give me a little more authority to lower the fee.”
-what? charge? why. Did you catch a fish?
“yes. It took a huge catch. Even if the fee is cut to the maximum, it is an invitation to catch it unconditionally!”
-hahahaha. Was there a company left in Korea that executive director Kim was so anxious about? What, did the Seron group come up?
At the words of the chairman, who threw it like a joke, the managing director said with a serious expression.
“yes. Chairman Han himself came.”
-···uh?
“Chairman Han says that he is thinking about going public with Seron shoes. So, if you give me the right to commission, I will somehow persuade you to make our company selected as the listing manager.”
Then the president, who was silent for a while, spoke.
-Three, Seron shoes? Listed Seron shoes? crazy!
Clearly, Seron Shoes is a company whose listing jackpot is certain, but beyond that, it had an important meaning that Seron finally started listing its affiliates.
If you sew the first button well, you can aim for the next one.
It’s shoes this time, but you don’t know which affiliates will be listed later.
– My, I’ll go myself. Take good care of you!
When he said he was coming in person, the managing director said in an urgent voice.
“It is not clear yet whether Chairman Han will really list Seron shoes. Wouldn’t it be burdensome if the president stepped forward here? Just leave it to me and I will definitely do business!”
Han Ji-hyeok Waited for an excuse, but in fact, managing director Kim dissuaded the chairman from coming to monopolize this achievement.
Fortunately, the chairman, who was thinking about whether the excuse worked, said.
-good. Then I’ll delegate all commission authority. Persuade him unconditionally and make him do it with us. okay?
“of course.”
After finishing the call, the managing director tidied up his clothes and went back into the room.
“You’ve waited a long time, Chairman.”
“no.”
“Because I am adjusting my authority to serve the president as much as possible. hahahaha. Still, thanks for waiting, I brought the full volume.”
The manager sat down on the sofa and said.
“Are you thinking about going public on Seron shoes?”
“yes. Originally, I was going to go all the way to an unlisted company, but it seems to be very inefficient when it comes to money.”
“Good idea! When it comes to fund transfusion, there is nothing like going public. In particular, as an affiliate of the Seron Group with a dominant position in the market and the first listed company, it will be enough to meet the expectations of the chairman!”
So, the managing director started the business in earnest.
“First of all, I recommend public offering through IPO. It is the easiest way to receive public offering stocks through this method…”
At that time, Han Ji-hyeok interrupted the executive director and said.
“How long will it take?”
“Um… there are a lot of things to prepare, such as thanks, so no matter how bad it is, it will take two years.”
“2 years? It’s too long.”
At that, the manager said in an urgent voice.
“Of course, this is not the only way! There are many ways to go public, some of which can be done in 6 months!”
“Six months is not bad. Anyway, Mr.
Han Ji-hyeok looked at the managing director and said.
“What I want is simple. fastest. and the most expensive. At the same time, the fee is the lowest.”
Han Ji-hyeok’s request to do everything, although it is so simple.
“···yes?”
Han Ji-hyuk smiled brightly and said.
“If you tell me the maximum you can do without just pushing and pulling, I will go back and think about it slowly. do you know I really like the conditions, so I’m going to list Ceron Shoes, and then I will list other affiliates through investment finance. What do you think, Executive Director?”