Chapter 1359 British Version of "LeTV"

"I always feel that investing in waste recycling power generation technology back then was something that benefited the country and the people." Corey said proudly.

On the contrary, his wife, Sarah, William's aunt, seemed very modest, "I was lucky, and I happened to meet the founder looking for financial support back then."

Yang Cheng smiled, and suddenly changed his voice, "I heard that the two of you have encountered serious financial problems, so you have to sell the shares of the energy company?"

The couple looked at each other in confusion, and Corey said in a deep voice, "Yes, I have to admit that we have encountered a very big setback in terms of funds."

"I know it's presumptuous, but can you reveal some details?"

Corey frowned, "Does this have something to do with your decision to invest or not?"

Yang Cheng nodded, "Of course, the details determine success or failure. If you just want to cash out and pay off the debt, there is no problem at all, but what if it is because of the energy company's own problems?"

Although his words were straightforward, Corey heard that the reason was reasonable, so the feeling of being offended just now disappeared in a blink of an eye, and he muttered, "Mr. Yang, you don't have to worry about this being a trap. You can hire a professional company to investigate and review the company's financial situation, and I am confident that this aspect can withstand any scrutiny."

After a pause, it seemed that he was making a final decision, and finally, before Yang Cheng's almost threatening gaze, he resigned, "As for my own debt problem, it has nothing to do with the energy company.

I invested in Tesco and it turned out. . . "

Halfway through the sentence, Corey's face was full of despair.

Yang Cheng also believed his words in an instant, Tesco is a trap, and it is a sinkhole that traps countless people. In this respect, Jia Paopao's LeTV can be compared with it.

Corey is not the only investor who was cheated by Tesco? Didn't even the old stock god fall into this pit, almost ruining his fame for the rest of his life?

As the third largest retailer in the world and the largest retailer in the UK, Tesco rose rapidly through a series of innovative activities at the end of the last century, and occupied about 30% of the UK retail market.

In fact, more than 10 years ago, the development of Tesco was still thriving. Except for the global financial crisis in the two years of 2008 and 2009, in the twelve years at the beginning of the 21st century, the sales revenue showed an annual increasing curve. In 2019, its sales and net profit increased by 31% and 35% respectively, even surpassing Wal-Mart's 11% and 29% at one point.

And the net profit rate during these twelve years is 4%. Don't think that this ratio is very small. You must know that the average retail industry in developed countries is only 1%. The return on equity is 15%. No matter how you analyze it, from the perspective of development trend and financial performance, Tesco is a high-quality stock that is no less than Wal-Mart, and it performed very well during that time period.

From 2006 to 2010, the old stock god kept buying Tesco's stocks at bargain prices. However, after 12 years, Tesco's development was repeatedly lower than expected. In 2014, Tesco even broke out a financial fraud scandal. Big mistake he made.

In fact, if you analyze it after the fact, the reason for the failure is very simple. It is nothing more than that the barriers of the retail industry are very small, and the business methods are easy to imitate each other. In order to maintain the advantage, we must continue to innovate. However, the long-term success has made Tesco's management complacent and slack. , Not thinking about making progress, this is also a common problem of the entire UK and even European companies.

In addition, consumers in different regions have different preferences and habits. Although Tesco has an advantage in scale, it is not as flexible as local retail companies, resulting in the continuous shrinking of its overseas territory.

After all, investors are not in the company, so they can't detect the changes in the management's mentality, let alone the disappointment of consumers towards Tesco. Failure is inevitable.

However, for the huge wealth managed by the old stock god, the hundreds of millions of dollars lost to Tesco will not hurt his muscles and bones.

Investors like Corey, however, are not so lucky.

"I followed the words of the financial manager and invested in Tesco's stock with a loan, which resulted in heavy losses. I barely paid the interest over the years, and I need to repay the principal at the end of this year. If there is no other way, I don't want to sell the shares of the energy company." Corey Say so.问噺繓赽奇奇小说盧|w~w~

Yang Cheng deeply understood, and at the same time apologized, "I'm sorry to remind you of sad things, but there is an old saying in our Z country that there must be a road before the car reaches the mountain, so Mr. Corey can relax, as long as the investigation results meet expectations , your debt will no longer be a problem."

This sentence is equivalent to a promise in disguise. How could Corey fail to understand? He took Yang Cheng's hand and was very grateful, "Thank you, Mr. Yang, this is like sending charcoal in the snow. My wife and I will always remember this." Kindness."

Yang Cheng smiled, and withdrew his hand calmly, the old guy had quite strong hands.

Sarah also said happily, "Thank you, I have the opportunity to be a guest at home. William also likes the barbecue I made."

Yang Cheng pretended to be pleasantly surprised, "Of course, if I have the opportunity, I will definitely bother. My love for barbecue is eternal and long-lasting."

A small joke relieved the stiff atmosphere. At this time, William, who had been busy for a while, also rushed back, and the timing was just right.

"How did the talk go?" William asked with concern.

Yang Cheng took the initiative to say, "It's not bad, I made a promise that as long as there is no problem with the investigation, the acquisition process will be officially launched."

William was overjoyed, this is the result he wanted, "Very good, then, after the acquisition is over, I will invite everyone to drink."

Sarah immediately echoed, "We've already agreed that when we go to the house to eat barbecue, I'll cook it myself."

"It's great. I haven't tasted the barbecue made by my aunt for a long time. I'm looking forward to it."

Corey and his wife took leave and left very interestingly. Yang Cheng and William looked at each other with a 'hypocritical' smile. One was for a 7-figure commission, and the other was for his own investment empire. He took an important step in the field of new energy !

The two can be regarded as taking what they need, so the relationship between "brothers" can continue to be maintained.

It seems cold-blooded to say so, but the reality is that two people are clear in their hearts, and no one will regard the other as a real buddy or brother. The only bond between the two is a solid interest!

Of course, everyone is a good actor. Can those Oscar-winning actors and actresses achieve their state of integrating acting skills into life and flesh and blood?

Obviously impossible, none of the best actors in the world are in the entertainment circle, they are deeply involved in the political and business circles, the "low-key" is outrageous!

After laughing while there was no one around, Yang Cheng said in a low voice, "How can your charity foundation only have David's donation?

How about this, David and I donate to your charity fund, um~ how about 3 million? "

William smiled very 'modestly', "Too much, you know that even 100,000 pounds can do a lot for people living in difficult situations."

Yang Cheng also responded with an emotional smile, "Not much, for the people in need, this amount of money is nothing."

The two actors once again showed their acting skills, and they seemed to be the saviors in a few words.

The conversation time always flies by quickly, and before you know it, all the guests have arrived, and the dinner officially begins. Of course, before the dinner, Her Majesty, the old lady in her 90s tremblingly delivered a toast, and said a lot Heap, nothing nutritious, nothing more than thanking everyone for coming, hoping that the UK will be better, and so on, skip it.

The next dinner is the key point. After Yang Cheng was seated, she found that there were several invited celebrities obliquely in front of them, taking selfies with their mobile phones. The background was naturally a long table with sumptuous food, and the blurred figure of Her Majesty the Queen in the farthest distance. .

Compared with a dinner party attended by only nobles, it is more beneficial to have more people. At least in terms of etiquette, you don't have to be too demanding. As long as you don't do it too much, you won't be noticed.

Yang Cheng heaved a sigh of relief. Before coming here, he asked Carson to conduct surprise training, but he didn't know whether he could achieve perfection. Now he doesn't have to worry, no one is looking at him at all.

He was arranged in the middle of the place closer to the members of the royal family, but there were several of the most famous British businessmen in the middle, but there was not much communication between them, except for saying hello when they were seated.

It was awkward to eat the whole dinner, even if he didn't have to pay attention to etiquette all the time, it didn't let him really relax and enjoy the food.

In short, he has already decided that after the dinner party, he will go out and buy hamburgers to fill his stomach.

At the end of the dinner, a small charity auction was held by Prince Philip.

The auction items are naturally from the collection of Windsor Castle. Of course, there are no too amazing treasures on the scene, nothing more than medieval antique paintings, but with the addition of the royal family's reputation, it is still very popular.

The famous Curly Fortune bought an antique ring at a high price of 240,000 pounds. This guy has a strong background in the UK and is considered to be from a family. Except for several officers and jazz, the family can appear on the invitation list of the royal dinner , it can be seen.

Yang Cheng raised his hand a few times, but was soon overwhelmed by high prices, and then gave up. He has always been very Buddhist in auctions like this. He would raise his hand when he met someone he liked, but he didn't know how to bid. Is it worth it? He is not out of his mind to use a 200% premium to shoot a piece of junk.

Finally, at 10 o'clock in the evening, the dinner ended, and everyone left after receiving a gift from Windsor Castle.

Luxury cars drove out of the castle one after another, and Yang Cheng was naturally among them. After all, he lived far away, and it was already early morning to rush back to the manor.

On the way, Carson seemed to be chatting with old friends with a faint smile, which made him very happy.

Yang Cheng couldn't help teasing him, "I laughed when I saw you for the first time, no, to be precise, I laughed for so long, it seems that I was holding you back in Beihai Manor."

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