A Returner’s Successful Investment Method - Chapter 598
Only Krnovel
Episode 598 Hwaan Group (7)
As there were no other competitors, Hwaan Energy’s merger and acquisition of Daeho Shipbuilding proceeded smoothly until the main contract.
Heo Min-woong signed the contract with a happy expression.
But despite the smiling face, my insides were burning.
Criticism poured in from all directions as an unreasonable acquisition, and the group’s response was cold. Shareholders who had previously supported him were complaining that they had suffered losses due to the plunge in stock prices.
A slight sense of anxiety was visible in the eyes of the executives and employees.
Although I was prepared, the condition of Daeho Joseon, which I saw in person, was as serious as expected.
Net debt is 8.2 trillion won, and the more ships it makes and sells, the more it suffers a loss.
Until now, the government was responsible for this, but from now on, Hwaan Energy must take responsibility.
Since he overturned his father and brother’s decision and took over, it was difficult to expect support from the group.
Heo Min-woong felt cold sweat running down his back.
‘Is this really a good thing?’
Every day felt like I was walking on a knife edge.
This is the first time in my life that I feel this anxious.
I wanted to contact Han Miru several times, but I held back because I thought it would only show me whining.
He loudly shouted several times that he would definitely save Daeho Joseon.
If it fails, it will become a laughingstock of the entire nation.
‘Once you start, you have no choice but to continue until the end.’
As I thought so, the intercom rang.
[Hwaan Solution CEO Heo Min-hong visited.]
“what?”
Before the call ended, a man opened the door and walked inside.
He said while looking at Heo Min-woong.
“Why are you so excited?”
“It’s surprising.”
“What happened without any contact?”
“Does something have to happen to come? “I just remembered it so I stopped by.”
Heo Min-hong sat on the sofa.
Heo Min-woong got up from his seat and sat down across from him, and an employee served him tea.
Heo Min-hong said while drinking tea.
“Don’t you think it’s been quite a while since we’ve seen each other? “I heard you don’t come home often these days?”
“Since when have you cared so much about me?”
Heo Min-hong smiled bitterly.
“I know. I should have paid more attention from the beginning. “He’s my only younger brother.”
“If you have something to say, say it quickly.”
At those words, Heo Min-hong got to the point.
“What is the reason for acquiring Daeho Shipbuilding?”
“I told you. “The synergy is good.”
“that’s right. Daeho Shipbuilding is a company that the group needs. “Do you think your father didn’t know what you knew?”
“What are you talking about?”
“It means that Daeho Shipbuilding will eventually be acquired by the group. The reason I did not participate in the bidding this time was because some conditions were not met. If the sale had fallen through this time, we could have negotiated on better conditions. But it was useless because Hwaan Energy stepped in.”
“joy!”
Heo Min-woong also vaguely knew.
However, if Huan Group had taken over, he would not have had a chance.
“Continue Capital participated as FI. How much more support do you think you will receive in the future? And the more support Hwaan Energy receives, the more it will be dragged around by Continue Capital. As you know, Han Miru is an investor. And investors do whatever makes money.”
“Procrastination… … No, that’s enough. “Anyway, isn’t all we have to do is save Daeho Joseon?”
“how? If you had seen the data, you would have known. This is not a situation that can be resolved by receiving a few orders. Are you hoping that a miracle will happen, orders will pour in, and the unit price of orders will rise?”
“… … .”
Heo Min-hong looked at his younger brother and said.
“Minwoong. “Stop it now.”
“Stop what?”
Heo Min-hong spoke calmly.
“Go away now. Then you will get what you want.”
“What I want is Hwaan Energy?”
“Since when have you been so interested in group management?”
“Right now, I don’t have much interest in group management, so don’t worry. “I’m just interested in Hwaan Energy.”
“Don’t be greedy.”
“greed? “Is it greedy to take just one Hwaan Energy?”
Heo Min-woong raised his voice in anger.
“Brother, don’t be greedy. You can have everything else. Whether it’s the group, the chairmanship, or my father’s slush fund. But Hwaan Energy doesn’t work.”
“Hwaan Energy wasn’t yours to begin with.”
“No, I raised it to this point. Do you think you could have grown as much as you have now if you had been in charge of Hwaan Energy? you’re welcome. “Like Hwaan Solutions during the Thomas Motors incident, they would have lost everything and stumbled.”
Heo Min-hong’s expression hardened at those words.
It was the only blemish on his career.
“You… now?” … .”
“When everyone said that hydrogen energy was over, I was the one who invested that money in hydrogen energy. The results are now coming out. “But now you’re telling me to quit?”
Heo Min-hong looked at his younger brother for a moment.
Then he nodded.
“I know what you mean. Give it a try. Even if you’re busy, come home. “Mom is worried.”
Heo Min-hong got up and left.
After the door closed, Heo Min-woong let out the sigh he had been holding in.
“ha.”
I looked at my hands and saw that they were shaking slightly.
It was proof that he was very nervous.
“shit!”
The reason I get angry is because I know myself well.
From a young age, my older brother was good at everything.
My older brother was the pride of my parents, and he was also their pride.
At first, I tried to catch up with my older brother.
But no matter how hard you try, you can’t do anything.
My parents’ attention and praise always poured out on my older brother.
After he grew up a bit, he gave up trying to catch up with his older brother. He instead started doing things his older brother didn’t do.
I worked out to get in shape, learned martial arts, and went out to have fun, spending a lot of money.
Unlike his older brother, who followed his parents’ instructions and lived a life confined to a certain set of rules, he enjoyed life to the fullest.
He thought that if he did that, his brother would envy him.
but… … .
‘The one who was actually jealous was me.’
Now I am stronger and bigger than my brother. He was also a little taller.
Still, I felt somehow smaller when I was in front of my brother.
Even in Heo Min-woong’s opinion, his older brother was superior to him.
I also know that my father made the right decision to make my older brother his successor.
Still, I didn’t want to give up.
It’s not just about pride or greed.
Because I was convinced that this was the right path.
So I felt like I wanted to keep going.
Heo Min-woong spoke as if muttering.
“I can do really well too.”
* * *
While Hwaan Energy’s acquisition of Daeho Shipbuilding is in progress.
Preparations for regime change were in full swing in South Korea.
Senior Dongho said while looking at the stock market.
“After the presidential election, trading volume decreased significantly. “The securities company part is over.”
Elections and regime changes are big events not only in the political world but also in the stock market.
Because at this time, all kinds of theme stocks are fluctuating.
“The theme song was crazy this time too.”
“then. Aren’t presidential election-themed stocks the best among themed stocks? “If you get good at just one item, it’s not a problem to earn 10 or 20 times more.”
I chuckled.
“On the other hand, if you pick one item wrong, it’s not like you’re kicking the can down the road.”
Naturally, there are far more people who have filled the can than people who have earned 10 times more. In terms of ratio, it would be about 1 to 99?
“All kinds of miscellaneous themed stocks are soaring. No, according to common sense, shouldn’t a presidential election-themed stock at least have something to do with a presidential candidate?”
“When did theme stocks act according to common sense?”
When it comes to presidential election themed stocks, it is easy to think that they are closely related to the presidential candidates.
That they have shares or that their relatives run the business.
However, in reality, things like an alumnus is the CEO of the company, the headquarters is located in the hometown of a presidential candidate, or a friend of the presidential candidate’s brother-in-law is an outside director.
In some cases, prices skyrocket just because a photo was taken together 10 years ago.
In short, if you put it together, it becomes a theme.
In the Tatalk Jongto room, purchase recommendations that are difficult to read are poured out, and the world’s best single hitting competition is held every day.
How can a stock investor tolerate themed stocks?
During the presidential election, theme stocks repeatedly soar and plummet depending on the candidate’s approval rating.
And this ends as soon as the election ends.
Normally, it is easy to think that if candidate A wins, the theme stocks related to candidate A will rise, and the theme stocks of candidate B and C, who were defeated, will plummet, but… … This is something only people who have never done stocks say.
Win or lose, theme stocks all plummet after the presidential election.
Even if you are elected, it will plummet, and even if you are defeated, it will plummet.
Because it’s a theme.
Because that’s the theme… … .
“But once the presidential election theme week ends, the policy theme week begins.”
This time, policy-themed stocks fluctuate according to the policies put forth by the transition committee.
For example, if you say you will focus on nuclear power, nuclear power-related stocks will rise, and if you say you will increase eco-friendly energy, solar power or wind power stocks will rise.
In fact, when candidate Keum Yang-seop made a pledge related to electric vehicles, automobile and secondary battery-related stocks are soaring.
“ah! This time, it is said that JLL Invest made 30 billion won by investing in theme stocks related to Geumyangseop. Now, foreign securities companies and private equity funds are also making short-term moves. Even foreigners can’t stand Korean-themed stocks.”
“… … .”
What kind of place is the Korean stock market?
In any case, President Namgoong-seok’s retirement from office is just around the corner.
He devoted himself to reform even before leaving office.
The work that could not be completed during his term was neatly organized and handed over to the transition committee.
His sincerity in shortening his term of office for the sake of reform must have been conveyed to the public, and a strange phenomenon occurred in which his approval rating rose ahead of his retirement.
“Recently, the approval rating rose to 43 percent.”
“You only know it’s spring when the flowers fade.”
The last project President Namgoong-seok pursued before leaving office was the remodeling of the Blue House.
More than 30 years have passed since the Blue House was built.
In the meantime, the Republic of Korea’s economy grew rapidly, and the number of people in the President’s Office increased several times.
Due to outdated facilities and lack of space, employees experienced great discomfort, and the need for remodeling continued to be raised.
Neither the previous government nor the government before that could do anything properly, but President Namgoong-seok decided to do it before he left.
A budget of 35 billion won was set for this.
As it involves a fairly large budget, it is difficult for a new president to do.
Which citizen would like it if he said he would use his taxes to fix his house?
However, if the person leaving says he or she will fix it and then leave, there will be less criticism.
I stuck my tongue out.
“Namgoong Seok is Namgoong Seok until the end.”
Even if he gets criticized until the last moment, he seems to be relieved by doing what needs to be done.
“Now that I think about it, there is also a US presidential election this year. “Who will be the president of the United States?”
I smiled as I remembered one person.
“well. “He will be the one who secures the most electoral votes.”
The world is changing so quickly.
I checked the time and then got up.
“I have an appointment, so I’ll leave for a bit.”
“promise? with who?”
“Princess.”