Chapter 99: Many hands make light work
In the evening, Tong Huashun announced the specific contents of the 2013 board of directors' work report. This work report, which was witnessed by a lawyer on the spot and issued a legal opinion, also attracted market attention.
"There will really be a high dividend and share transfer, but the specific date has not been announced." However, based on previous years, it will be either mid-May or the end of May.
I had been thinking about the specific content of this announcement in the afternoon, so Gu Junhao was the first to see the announcement in the evening. The announcement showed that Tong Huashun will use the total share capital as of December 31, 2013 as the base.
The company will issue 10 additional shares to shareholders for every 10 shares held by way of capital reserves, and pay a cash dividend of RMB 0.6 per 10 shares, with a total cash dividend of RMB 8.064 million.
10 for 10, I guess Dongfang Wealth should be about the same, but the dividend is too stingy. With such a large share capital, the total dividend is only 8 million yuan, not even a penny.
"These GEM companies are so stingy. How can people have the nerve to hold on to their shares for the long term?" A bunch of experts always complain that retail investors do not take long-term investments. If listed companies are all like this, how can people dare to hold on to their shares for the long term?
The company has grown, has good performance, and has made money, but it does not think about giving back to shareholders. Although dividends will eventually be reflected in the stock price, the costs will be reduced accordingly, and the cash from dividends can still be spent.
If listed companies do not consider maintaining the long-term interests of shareholders , then the market will naturally only be able to play the game of passing the parcel and the concept hype game, making it difficult for people to hold on to a stock.
When the game can no longer be played, some companies with better performance will still be able to hold on, but the stock prices of some companies with poor performance will plummet.
"Go to sleep and see which of the two stocks will get ex-rights first. I'll do the one that gets ex-rights first." After seeing the announcement, Gu Junhao felt relieved. For the time being, he decided to keep his position empty and do other things. It seems that he will be busy this month and he probably won't have a rest on weekends.
…
"Hey, Xiaoyi, where are you going to play tomorrow?" In Zhang Yiru's room, Liu Ruihuan said to Zhang Yiru while playing games on her mobile phone.
It's already May and the weather is getting warmer, so both of them are wearing cooler clothes.
"There's nothing to play. I have to go clean the house tomorrow." Zhang Yiru was also playing games with her head down. She and her two best friends formed a team together, but Zhang Yiru didn't play very well and was scolded by others. She was feeling a little depressed at the moment.
"Cleaning what? Are you doing volunteer work?"
"No, Xiao Gu rented an office building. Let's go clean it together tomorrow." Gu Junhao's original intention was to hire someone to clean the house, but Zhang Yiru felt that it was the early stages of starting a business, so they should save as much as possible. It happened to be the weekend, so it wouldn't be too much effort for the two of them to clean it slowly.
"Huh? Your Xiao Gu started a company? I was wondering why I haven't seen him update his posts recently. But he's really amazing. The stock hit the limit down just a few days after he sold it." Dafu Technology rebounded after Liu Ruihuan sold it. He was worried that he sold it at the lowest point.
However, when Liu Ruihuan saw Dafu Technology hitting the daily limit on the first day of May, he no longer had that mood and immediately deleted Dafu Technology from his wishlist. This kind of stock was not something that a small investor like him could control.
"Yes, Xiao Gu plans to start his own business and open an investment company." Zhang Yiru said proudly.
"Investment company? Investment or something?" Liu Ruihuan asked puzzledly.
"The current business is only private placement, Xiao Gu is busy with this recently."
"Oh, that's right." Only then did Liu Ruihuan remember that Gu Junhao had mentioned in a post that he wanted to set up a private equity fund. She didn't expect that he would start preparations so soon.
"Oh, what a pity. The standard for private placement is 1 million. A poor person like me can't afford it." Liu Ruihuan admires her best friend's boyfriend's stock trading ability. If it was a public offering, she would definitely support it. It's a pity that the private placement is not qualified.
"Why, you want to vote?"
"Of course. Your little Gu is so amazing. He managed to raise over 10 million in just half a year."
"Hehe, then just beg me and I'll help you find a solution." Zhang Yiru put down her phone and said to Liu Ruihuan with a smile.
I won’t play anymore. I get scolded all the time and I’m so mad at him for hanging up.
"What can you do? One million is the standard. I definitely can't come up with that much money."
"The standard of 1 million is correct, but there are other ways." Zhang Yiru was talking about Gu Junhao's previous plan to invest 1 million in her name.
Zhang Yiru was not going to let Gu Junhao pay for the 1 million yuan. She would also contribute 100,000 yuan, which accounted for 10% of the total, as a support for Gu Junhao. The 100,000 yuan was borrowed from Zhang Yiru's parents.
If she made money, she would split it in half with her parents. If she lost money, it would be hers. However, Zhang Yiru believed that Gu Junhao would not let her lose money. This confidence came from Gu Junhao's miraculous performance in recent times.
Since Liu Ruihuan is interested in investing, it is not impossible to let her hold a certain share of it. As for investment risks, as she is his classmate and also studies finance, she cannot be unaware of the risks of buying funds.
If it is the kind of relatives or friends who know nothing, Zhang Yiru will not accept it even if they want to give out money. All misunderstandings and estrangements in risky investments such as stocks and funds mostly start from lack of understanding.
"Then tell me what we can do?" Liu Ruihuan also put down his phone and hung up. Having the opportunity to participate in Gu Junhao's private equity fund is obviously better than being cut in the market.
Zhang Yiru did not act pretentiously and told Liu Ruihuan about her plan. Liu Ruihuan immediately said that she could invest 50,000 yuan. After clearing out her shares in Dafu Technology last time, including her salary and other savings, she could now be considered a small wealthy woman.
After all, Liu Ruihuan is a formal finance major. He may not be very good at stock trading, but he is still very good at normal risk control. Take the last time he invested in Dafu Technology, for example, he only used his own pocket money.
The reason why Zhang Yiru did this was that she wanted to help Gu Junhao as much as possible while considering the controllable risks. She found it hard to accept that she had no help at all in her boyfriend's business.
No matter what happens in a relationship, you need to trust and support each other during the relationship. Even if you break up in the future, you will have a clear conscience.
Su Mingyu is also willing to support Gu Junhao. If there is anyone in this world who believes most in Gu Junhao's trading skills, it must be Su Mingyu.
After Gu Junhao posted the message and learned that Gu Junhao had the idea of setting up a private equity fund, Su Mingyu immediately expressed his willingness to support Gu Junhao's career. For this reason, Su Mingyu also had an in-depth discussion with his father.
From how the two met, to his impression and opinion of Gu Junhao; and pushing Gu Junhao’s posts on Taoguba to his father.
Old Su has always supported his son to become an independent-minded person. This can be seen from the fact that he brought Su Mingyu into the stock market when he was in junior high school. Later, the university gave Su Mingyu a sum of money to operate on his own and did not ask about his rate of return.
Since his son admires this person so much and the product is legitimate, there is no need to hesitate and just support his son. However, after reading Gu Junhao's delivery note, Old Su also admires the young man's trading ability.
So what if you fail? It's just a lesson and you can afford the loss.
From 20,000 yuan to 10 million yuan, with each increase in funding, people's mentality will change a lot, but this young man is so steady. His utilization of funds and his control of mentality are truly admirable.
Old Su saw more comprehensive information than the netizens on Taoguba. He also saw the delivery note of Zhongqingbao that Gu Junhao sent to Su Mingyu. The only thing that worried him was that this young man seemed a little radical and always kept his portfolio fully invested.
I have to say that Su Mingyu was a bit silly during this period. He not only sought sponsorship from his father, but also from his two uncles, using the same rhetoric. Both uncles sponsored 1 million each, either out of face or out of admiration for Gu Junhao's operation.
In this way, Su Mingyu raised an investment share of 10 million for Gu Junhao without his knowledge. His two uncles contributed a total of 2 million. Su Mingyu used his own holdings in Dafu Technology to borrow 2 million from his father, and old Su himself put in 6 million.
Sometimes fate is so inexplicable. A young man from the East China Sea and another young man from the South China Sea met by chance in Taogu Bar and formed a friendship unique to them.
After Su Mingyu graduated and joined Junshi Capital, the two worked seamlessly together and created a great story in financial history. But that is a story for later, so we won’t discuss it for now.
Gu Junhao didn't know that he had subscribed tens of millions more shares. At this moment, he was thinking about issues such as fund registration, fund custody, and operating seats.
The most important thing is the formulation of fund rules, such as the subscription and redemption periods, the lock-up period, and the method of collecting fund management fees, etc.
Management fees are undoubtedly the heaviest component of a fund. Of course, in addition to these, there are also some other terms such as laws and regulations, the mutual rights and obligations of investors and institutions, etc.
"According to the current progress, all the preliminary preparations should be completed by the end of May or early June." Gu Junhao stroked his chin and thought.
This stage of the bull market will last until early June next year, so the lock-up period should be set at one year. Then there will be a reason to liquidate the stocks and it won’t be too conspicuous.
As for the method of charging the fund's management fees, it will be charged in a tiered manner based on the net value at the time of settlement.
When the net value is lower than 1, that is, when the fund is losing money, no management fee is charged. This will help gain the trust of customers and make everyone feel at ease, as they would not have to pay a management fee after losing money, which would make anyone feel uncomfortable.
A fund management company does not think about making money for its clients, but instead charges management fees when losses occur. Where is the face of this company?
Whether as a fund manager or an ordinary investor, Gu Junhao strongly disagrees with this point.
As for the management fees after making a profit, Gu Junhao set a management fee of 2% when the net value is between 1-1.2, 3% between 1.2-1.5, and 4% above 1.5.
However, when the net value of the fund is 1.5, that is, the profit is more than 50%, it can be regarded as excess return. You have to take advantage of this and strive to maximize your own interests while achieving a win-win situation.
After all, a large-scale bull market in A-shares cannot be said to be a once-in-a-lifetime opportunity, but for most investors it is something they can only encounter by chance.
I am not sure whether other people know it or not, but I know it for sure, and I cannot miss such an opportunity.
"Well, let's calculate the profit sharing ratio." After thinking about it, Gu Junhao decided to do so.
The more I earn, the more you earn. I believe no one .
