Time is the best way to heal the pain. After two years of precipitation, investors have recovered from the panic of the stock market crash.
Just look at the Vienna Stock Exchange, and although the daily volume is less than half of its peak, the broader market has returned to normal.
After the baptism of the stock market crash, the weak and the strong remain. Although the number of companies on the market has decreased, the quality is much stronger than before.
After the bubble has been squeezed out, the rational market is obviously much healthier. With the normal operation of the economy, another wave of pink and new leeks has entered the market.
Compared with their predecessors who entered the game at their peak, they were obviously much luckier. Low entry, and catch up with the great economic development.
Although it cannot be said that everyone makes money, most people make a little bit of money. If it weren't for the impact of the previous stock market crash, many people would still have lingering fears, and maybe there will be another bull market.
It is in this context that the promotion of the listing of oil companies was initiated. Different from the sunset industry of later generations, the petrochemical industry of this year is all high-tech.
As the world's largest oil producer and consumer, the Holy Roman Empire's annual demand for petrochemical products has maintained a double-digit growth rate over the past decade.
Although petrochemical products have not yet become popular in the world, looking at the demand for Shinra, you can see how huge this market is.
According to the calculations of social economists, it is expected that in five years, the world's crude oil demand will increase to 35 million tons per year, of which the Holy Roman Empire alone needs to consume 25 million tons per year.
This set of numbers may be inconspicuous in future generations, and any country can surpass the past. But this year, that is a proper astronomical figure.
According to the current price of crude oil in the international market, the crude oil industry is a market of 350 million Aegis per year, which is about to catch up with the fiscal revenue of the Vienna government for one year.
However, compared with the entire petrochemical industry, crude oil is only a small part of it. If all are developed, at least it will be a big market of 1 billion Aegis each year.
The most important thing is that this market is in a period of rapid growth. Doubling demand in five years is just the beginning, and doubling demand in ten years is not a dream.
Although the royal family is not the only oil producer, its oil fields have some of the lowest extraction costs in the world.
If Franz did not intend to restrict crude oil exports, it is estimated that the crude oil supply in Europe would be monopolized by the royal consortium.
Do competitors really exist
This year, there are only two oil-producing countries in the European world, and Russia is the only one left in addition to Shinra. Although the mining cost of Baku Oilfield is not high, it cannot stand the high cost of land transportation!
Under the background of immature oil pipeline technology, transportation is the primary problem faced by the oil industry.
Not only the Russians encountered it, but also the Federal States on the other side of the ocean. It’s just that Americans are lucky. Most of the mainland is in the plains, and it is less difficult to install oil pipelines.
By contrast, the Baku region is not. With the technology of this year, even if the oil pipeline is built in Baku, the oil cannot be transported. "The most expensive oil pipeline in the world" is not just a dubious name.
In contrast, the oil companies under the royal consortium are in a much better position. There are enough oil reserves in itself, and the market demand can be met just by exploiting coastal oil fields that are easy to transport.
The low cost of mining and transportation, coupled with the world's most advanced mining and smelting technology, is a clear blow to dimensionality reduction.
With so many advantages, naturally there will be no less profit. Today, these oil companies are the largest cash cows in the royal consortium.
Now that it is going to be listed, there are naturally many issues to consider. Whether it is to integrate into a Big Mac and go public, or to split and reorganize a bunch of small and powerful companies, has troubled Frederick for several days.
The stakes involved were so great that even Frederick felt frightened. Any wrong decision may cause tens of millions or even hundreds of millions of Aegis losses in the future.
It can be said that since he took over this task, he has not been easy. There are countless documents to see every day, and all major matters require him to make decisions.
The policy of focusing on the development of the petrochemical industry has been implemented, and the best time to go public has come. With Frederick's signature on the document, the vigorous listing plan of the oil company was officially launched.
The four oil companies are listed together and will raise 200 million Aegis funds in Vienna and Frankfurt for the construction of the petrochemical supporting industry chain.
Receiving this news, the financial news media in Europe was directly fried.
"200 million Aegis", this number is really amazing. Even if it is divided into four, the average is 50 million Aegis.
This figure still exceeds 95 percent of the world's national fiscal revenue. At present, the listed company with the highest market value in the world, the Austrian Electric Power Group, has a market value of only 850 million Aegis.
You must know the Austrian Electric Power Group, but it controls nearly 60% of the power supply in Europe, and it is the world's largest giant.
According to the valuation of these four oil companies by the capital market, the highest one has reached 570 million Aegis. After the listing, it is likely to break the market value leading position of the Austrian Electric Power Group.
Of course, valuations are high for a reason. In this era when petrochemicals are regarded as high-tech products, the listing of oil companies is entirely based on the storytelling of high-tech companies.
Different from the Spring and Autumn Dreams of other technology companies, oil companies' paintings can be seen and touched at least.
Just look at assets and profits. Aside from hard-core machinery, plants and technologies. The oil fields under the name of each oil company have billions of tons of crude oil reserves, and can make tens of millions of Aegis profits every year.
Coupled with the promise of double-digit profit growth every year, and the market's estimates of the future petrochemical industry, high valuations are inevitable.
In fact, if it were not divided into four companies, this valuation could continue to rise. As long as the word "monopoly" is attached to any industry, the capital market will give a super high premium.
Taking the Austrian Electric Power Group as an example, its market value once broke through the 2.5 billion Aegis mark at its peak. Now that it has fallen, in addition to the stock market crash, the more important thing is that the performance is less than expected.
There is no way, who makes the European people poor? Although many cities have popularized the power grid, the bottom-level people with the largest number of people cannot afford it.
It was expected that industrial electricity consumption would increase. After Shinra came out, it was discovered that not every country was keen to promote new technologies, and electric motors were not popularized at all.
Coupled with the need to import coal in some countries, the cost of power generation is high, so that the grids laid in many overseas cities have suffered short-term losses.
Although the prospects are broad, it is an indisputable fact that the performance growth will slow down in a short period of time, and the capital market will naturally have to respond.
By contrast, oil companies are much better off. With the vigorous development of the automobile industry, the promotion speed of the internal combustion engine is much faster than that of the electric motor, and the growth rate of the market demand is also much faster.
…
"His Royal Highness, the equity incentives and pre-subscription work before listing have been completed, and it is expected to be listed for trading on December 21."
No matter how intense the media controversy, the largest IPO in the Holy Roman Empire's financial markets was launched.
Nobody cares
That's totally overthinking it. If it weren't for the purpose of hiding people's eyes and ears, the royal consortium would not have prepared oil companies to go public at all.
Whether it is pre-IPO financing or pre-subscription, it is all arranged by the royal consortium. How can the valuation of a game that is left-handed and right-handed is not high
No one buys it better, and the big deal is to open the trumpet and eat it all. According to the current market demand, the petrochemical industry is the future development direction.
According to the estimates within the consortium, once the petrochemical industry chain is perfected, the annual profits of these companies can exceed the current valuation.
In the era of no major devaluation of the currency, the world's economic growth rate is not fast. Flood dragons cannot be raised in shallow water. Limited by the market environment, companies that can maintain a double-digit profit growth rate every year are absolutely rare.
In fact, such high-growth businesses usually don't go public. Unless it is really encountered financial difficulties, or is about to touch the bottleneck of enterprise development.
Because of the concern that the tree will attract the wind, in order to hide the wealth, it is necessary to list its own high-quality enterprises, and it is estimated that it is also a royal consortium.
"Got it, everything is going according to the original plan."
For some reason, when everything was done, Frederick felt completely empty.