Chapter 1047： Busy Frederick

Time is the best way to smooth out the pain. After two years of precipitation, investors have been relieved from the panic of the stock market crash.

Just look at the Vienna Stock Exchange. Although the daily trading volume is less than half of the peak period, the market has returned to normal.

After the stock market crash baptized the weak and stayed strong, although the number of companies on the market has decreased a little, the quality is not only better than before.

After the bubble was squeezed out, the rational market was obviously much healthier. With the normal operation of the economy, there is another wave of new pink leeks entering the market.

Compared with the predecessors who entered during their peak period, they are obviously much luckier. Low entry, catching up with the economic development.

Although it cannot be said that everyone makes money, most people make a little bit more or less. If the impact of the previous stock market crash were not too great, many people still have lingering fears, and maybe another bull market will come.

Promoting the listing of oil companies was initiated in this context. Different from the sunset industry of later generations, the petrochemical industry of this year is all properly 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 for the past ten years.

Although petrochemical products have not yet been popularized all over the world, looking at the demand for Shinra, we know how huge the market is.

According to calculations by social economists, it is estimated 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 later generations, and any country can surpass the past. But these years, that is a proper astronomical figure.

According to the current crude oil prices 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 every 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 in ten years is not a dream.

Although the royal family is not the only oil producer, the cost of mining its oil fields is the lowest in the world.

If it were not for Franz's intention to restrict crude oil exports, it is estimated that the supply of crude oil across Europe would be monopolized by the royal consortium.

Do competitors really exist?

This year, there are two oil-producing countries in the European world, except for Shinra, Russia is the only one. Although the mining cost of Baku oil field is not high, it cannot support the high cost of land transportation!

In the context of immature oil pipeline technology, transportation is the primary problem facing the oil industry.

Not only the Russians met, but also the federal states across the ocean. It's just that the Americans are lucky. The mainland is mostly plains, so it is less difficult to install oil pipelines.

In contrast, the Baku area does not work. With the technology of these years, even if the oil pipeline is built in Baku, the oil cannot be shipped. "The most expensive oil pipeline in the world" is not a mere name.

In contrast, the oil companies under the Royal Consortium are in much better condition. With sufficient oilfield reserves, just exploiting coastal oilfields that are easy to transport can meet market demand.

The low mining and transportation costs, coupled with the world's most advanced mining and smelting technology, clearly shows that it is a dimensional reduction attack.

With so many advantages, it will naturally not make less. 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 should be integrated into a Big Mac to go public or split and reorganize to create a bunch of small and powerful companies has troubled Frederick for many days.

The interests involved are so great that even Frederick was frightened. Any decision error may cause tens of millions or even hundreds of millions of Aegis losses in the future.

It can be said that he has not been relaxed since taking on this task. There are countless documents to read every day, and all major affairs 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. Following Frederick’s signature on the document, the vigorous oil company listing plan was officially launched.

The four oil companies are all listed, and 200 million Aegis funds will be raised in Vienna and Frankfurt for the construction of the petrochemical industry chain.

Upon receiving this news, the European financial news media directly fry the pot.

"200 million Aegis", this number is really amazing. Even if it is divided into four, it is 50 million Aegis on average.

This figure still exceeds 95% of the world's national fiscal revenue. At present, the market capitalization of the world's highest listed company, Austrian Power Group has a market value of only 850 million Aegis.

You must know that the Austrian Power Group controls nearly 60% of the electricity supply in Europe, and it is the world's number one giant.

According to the valuation of the four oil companies in the capital market, the highest one has reached 570 million Aegis. After listing, it is likely to break the leading position of Austrian Power Group in market value.

Of course, there are reasons for high valuations. In this era when petrochemicals are regarded as high-tech products, the listing of oil companies is entirely based on high-tech companies telling stories.

Different from the dreams of other science and technology companies, the oil company's pictures are at least visible and tangible.

Just look at the assets and profits. Put aside the hard-core mechanical equipment, plant and technology. The oil fields under the name of each oil company have billions of tons of crude oil reserves and can generate tens of millions of Aegis profits every year.

Coupled with the annual double-digit profit growth rate promise, and the market's forecast of the future petrochemical industry, high valuations are inevitable.

In fact, if it were not for the division into four, the valuation could continue to rise. As long as the word "monopoly" is attached to any industry, the capital market will give a super premium.

Take the Austrian Power Group as an example. At its peak, the market value once broke the 2.5 billion Aegis mark. 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 European people poor? Although power grids are popularized in many cities, the bottom people with the largest number of people cannot afford it.

It is anticipated that the industrial electricity consumption will grow. After Shenluo, it is discovered that not every country is keen to promote new technologies, and electric motors are not popular at all.

Coupled with the need to import coal in some countries, the cost of power generation is so high that power grids installed in many overseas cities have suffered short-term losses.

Although the prospects are broad, it is an indisputable fact that performance growth has slowed in a short period of time. The capital market will naturally respond.

In contrast, oil companies are much better. With the vigorous development of the automobile industry, the promotion of internal combustion engines is much faster than that of electric motors, and the growth rate of market demand is also much faster.

...

"His Royal Highness, the pre-IPO equity incentives and pre-subscription work have all been completed, and it is expected to be listed for trading on December 21."

No matter how fierce the media controversy is, the largest IPO in the financial market of the Holy Roman Empire was launched.

Nobody cares?

That's just too much thinking. If it were not for the deception, the royal consortium would not be prepared to list oil companies.

Whether it is pre-IPO financing or pre-subscription, it is all handled by the royal consortium. How can the valuation of a left-handed game be low?

No one buys it better, it's a big deal to open a small account and eat it all. According to the current market demand, the petrochemical industry is properly the future development direction.

According to the internal estimates of the consortium, once the petrochemical industry chain is perfected, the annual profits of these companies will exceed their current valuations.

In the era when the currency did not devalue, the world's economic growth was not fast. Water dragons cannot be raised in shallow waters. Limited by the overall market environment, companies that can maintain a double-digit profit growth rate each year are absolutely rare.

In fact, such high-growth companies usually do not go public. Unless it is really experiencing financial difficulties, or is about to touch the bottleneck of enterprise development.

Because I am worried that the tree will attract the wind, in order to facilitate the hiding of wealth, I must list my own high-quality companies, which is probably a royal consortium.

"I got it, everything went according to the original plan."

I don't know why, when everything is finished, Frederick feels empty.