Tao Liangchen
Chapter 199 No Business for Three Years
Yahoo's rebound continued, reaching a high of around $43.
Su Yehao's total income from investing in Yahoo once again exceeded 100 million, reaching about 140 million Hong Kong dollars.
If you ask what it feels like, the only word to describe it would be "awesome."
It's not that Su Yehao is really that capable. His advantage lies in his abundant capital. Calculating the profit margin earned from Yahoo, it's actually only about 34%.
Here and there, doing a little of this and a little of that.
Since the accident in March, Su Yehao has earned more than 200 million on his own.
If you include the losses recovered from designing his father's sale of Hong Kong properties, and the huge potential returns from investing in Pengcheng, it's equivalent to indirectly managing billions of capital, and his own private treasury is becoming more and more abundant.
In this case, both Xiao Nizi and Nong Qingying praised his brilliance and martial prowess in various ways.
The taste of success is extremely comfortable…
The last day of October 1997.
Su Yehao checked Yahoo's shareholders again and found that almost a third of the top twenty seats had been replaced, and seven of the top ten shareholders were increasing their holdings.
This shows that his guess was correct.
The vast majority of institutions that are optimistic about Yahoo are still firmly optimistic about the company. Indeed, many people share his idea, taking advantage of the downturn to frantically increase their holdings, almost squeezing him out of the list of the top ten shareholders.
If he had cleared out Yahoo earlier, it would not be easy to buy it back now. The number of circulating shares on the market is decreasing, and the stock price is rising accordingly.
Dai-Ichi Kangyo Securities helped to inquire about some news, saying that Yahoo's board of directors may choose to split the stock, that is, divide one share into multiple shares, which is conducive to stimulating the stock price to rise.
As a super retail investor, Su Yehao has no interest in this kind of information.
Anyway, he just buys stocks to hold for the long term. He didn't even sell during the big drop on the 27th, let alone at other times.
There is still some money left in hand.
In addition to the funds expected to be used to invest in tAt, KOKO Ventures, and the tourism company, there is barely any pocket money left, so Su Yehao rarely has the idea of splurging once.
On the morning of the 31st, he took Nangong Tian to meet with the Riva Yacht Hong Kong general agent.
The yacht of his friend He Shaofan's family is of the Riva brand. It is equivalent to the Rolls-Royce of the yacht industry, with a long history and a high level.
His own old man already owns a yacht more than 40 meters long, which sits collecting dust at the pier all year round.
This time, what Su Yehao wants to buy is actually a speedboat. He saw an advertisement in a magazine - the Riva Aquarama Special Edition, the last wooden speedboat with the code name 784.
The discounted price is only 2.99 million Hong Kong dollars.
He had communicated with the agent by phone beforehand, so when he came to the store and actually saw this elegant speedboat, Su Yehao's bargaining was completely ineffective. He only got three free maintenance services and a week-long driving training course.
Cars and the like are no longer of much interest to Su Yehao. He is fed up with the feeling of running close to the ground all day long and having to look up to see the road.
Moreover, Hong Kong's traffic is so congested. There is no excitement on the road compared to being at sea.
After paying a large sum of money, he immediately arranged for a truck to pull the speedboat to the seaside and began to go through the launch procedures.
A speedboat also requires a driver's license. It is no problem to have an old driver take you for a ride.
Su Yehao first took Nangong Tian to a restaurant for a meal. When he received a call and rushed to the pier, this speedboat of about ten meters had already begun to be debugged. The brown wooden hull combined classical elegance and charming shape.
Usually driving as steady as a dog, Su Yehao did not dare to try after getting the speedboat. The coach took them out to sea for a big circle, and he was a little panicked when he couldn't see the land.
After all, his own yacht has everything, and even if it drifts for two or three months, the food reserves are sufficient.
A speedboat is different, there is not even a place to go to the toilet.
The best combination is to drive the speedboat and the family yacht out together and have fun in a deserted place.
It really counts as spending money to buy excitement. Su Yehao finally overcame his consumption concept of focusing on "practicality". After traveling on the sea for more than half an hour, he felt dizzy when he got off the boat…
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The decline in U.S. stocks has basically risen back.
In Hong Kong, however, it is difficult for the fallen stock prices to rebound, and the mainland stock market has also encountered thunderstorms, which have affected housing prices.
Su's father is preparing to complete the land reclamation work as soon as possible. He has already gotten on the bus after obtaining the land. Short-term fluctuations in housing prices have little impact.
Su Yehao was worried that the old man would back down, so he came up with a temporary idea to help.
Therefore, he asked for the planning drawings of the cultural and tourism city and began to ask the new team of tAt network company to be responsible for building a small game according to the design drawings of the cultural and tourism city.
Personal space has already begun to be prepared. This small game is expected to be launched together with personal space. It mainly takes its own cultural and tourism city as the background, planting vegetables and stealing vegetables. It is Su Yehao's attempt in terms of advertising placement.
With plenty of funds on hand, there is no need to be stingy when spending money.
The North American R&D center of tAt Network Company is still in preparation, and the project outsourced to the Indian Bangalore team has not yet been completely completed.
The Hong Kong market is limited. After the number of registered users of tAt exceeded 30,000, the recent increase has fallen back, but some new people join every day, and the number of daily active accounts is maintained at around 4,000, which is barely okay.
The market size is there, and there is no use in being anxious about some things. For example, there are more than 600,000 netizens in mainland China. Even if everyone applies for an account, the maximum daily active volume is only 600,000 to 700,000.
After November came.
Su Yehao often goes to listen to economics courses, and at the same time takes time to learn speedboat driving courses. This thing is simpler than taking a car driver's license. The difficulty mainly lies in stopping the boat and berthing, especially "reversing into the garage". There is also a small booklet to remember.
On the eighth day.
Nong Qingying found Su Yehao and told him: "Silver Sea's documents, sales exploded after the price reduction."
Su Yehao was helping her assemble a single-lens reflex camera, and asked when he heard the words: "What do you mean by exploded? Sales are very good?"
"Well, only half a month, and more than 50,000 sets have been sold, but only more than one million has been earned in total." Nong Qingying lay on the table, listless, her cold had not yet healed, and she coughed from time to time.
Yahoo's stock price has risen for several days in a row, and once again touched the threshold of 47 US dollars. Both of them made a lot of money this time.
The 60 million Hong Kong dollars that Su Yehao lent to Nong Qingying and Nangong Tian has not been withdrawn for the time being. Anyway, it is enough to pay interest to the bank, which is not much money.
"Making money is always better than losing money. I don't have high requirements for Silver Sea. It's enough to stabilize the market share in the short term and survive. You don't need to intervene." Su Yehao installed the lens, picked up the SLR and took a picture of her. Looking at the photos on the screen, it feels pretty good.
Nong Qingying continued to say: "But I, the vice president, only manage Silver Sea now. If I don't intervene, then what will I do every day?"
Su Yehao naturally said:
"Rest, go shopping, watch TV, travel, anything is fine. The venture capital industry, you don't start for three years, and you eat for three years once you start. I'll tell you when I find a new project..."