Chapter 1047 Busy Frederick

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. Although the daily turnover is less than half of its peak, the market has returned to normal.

After the baptism of the stock market disaster, the number of companies on the market has decreased, but the quality is not only stronger than before.

The bubble has been squeezed out, and the rational market is obviously much healthier. With the normal operation of the economy, another wave of pink and tender new leeks has entered the market.

Compared with the seniors who entered the field at their peak, they are obviously much luckier. Enter the market at a low level, and catch up with the great economic development.

Although it cannot be said that everyone makes money, most people make more or less money. If it weren't for the impact of the previous stock market crash, many people still have lingering fears, and there may be another wave of bull market.

It is against this background that the listing of oil companies was launched. Different from the sunset industries of later generations, the petrochemical industry these days 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 in the past decade.

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

According to the calculations of social economists, it is estimated that within 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 these days, that's an astronomical figure.

Calculated according to the current crude oil price in the international market, the crude oil industry alone is a market worth 350 million Aegis per year, which is about to catch up with the annual fiscal revenue of the Vienna government.

However, compared with the entire petrochemical industry, crude oil is only a small part of it. If all of them are developed, at least it will be a big market of 1 billion Aegis per year.

The most important thing is that this market is in a period of rapid growth. Doubling the demand in five years is just the beginning, and it is not a dream to double the demand in ten years.

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

If it wasn't for Franz's intention to restrict crude oil exports, it is estimated that the entire supply of crude oil in Europe would be monopolized by the royal consortium.

Do competitors really exist?

There are only two oil-producing countries in the European world these days, except for Shinra, only Russia is left. Although the cost of mining the Baku oilfield is not high, it cannot stand up to 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 did the Russians encounter it, but the Federal States across the ocean also encountered it. It's just that the Americans are lucky. Most of the land is in plain areas, and it is relatively difficult to install oil pipelines.

In contrast, the Baku region is not. With the technology of these years, even if the oil pipeline is built in Baku, the oil cannot be transported out. "The most expensive oil pipeline in the world" is not in vain.

In contrast, the oil companies under the royal consortium are in a much better situation. The oil field reserve itself is sufficient, and the exploitation of coastal oil fields that are easy to transport can meet market demand.

Mining and transportation costs are both low, coupled with the world's most advanced mining and smelting technology, it is clear that it is a blow to dimensionality reduction.

With so many advantages, it is natural that you will not make less money. Today, these oil companies are already the largest cash cows in the royal consortium.

Now that it is about to go public, there are naturally many issues that need to be considered. Frederick has been troubled for several days as to whether to consolidate into a giant and go public, or split up and reorganize to create a bunch of small and powerful companies.

The interests involved were too great, and even Frederick felt terrified. Any mistake in decision-making 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 never been relaxed. There are countless documents to look at every day, and all major affairs require him to make decisions.

With the implementation of the policy of focusing on the development of the petrochemical industry, the best time to go public has come. With Frederick signing the document, the vigorous listing plan of the oil company was officially launched.

The four oil companies are listed together, and they will raise 200 million Aegis funds in Vienna and Frankfurt for the construction of petrochemical supporting industrial chains.

Upon receiving this news, the financial news media in Europe were immediately blown away.

"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% of the national fiscal revenue in the world. At present, the listed company with the highest market value in the world, Austrian Power Group, has a market value of only 850 million Aegis.

You must know that the Austrian Power Group controls nearly 60% of Europe's electricity supply and is the world's largest giant company.

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

Of course, there are reasons for the high valuation. 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, the oil company's picture is at least visible and tangible.

Look at assets and profits

understood. Leaving 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 earn tens of millions of Aegis profits every year.

Coupled with the promise of annual double-digit profit growth rate and the market's forecast for the future petrochemical industry, a high valuation is 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.

Take the Austrian Power Group as an example. At its peak, its market value once exceeded 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 not as good as expected.

There is no way, who makes the European people poor? Although power grids have been popularized in many cities, the bottom-level people with the largest number of people cannot afford it.

The expected increase in industrial electricity consumption, after Shinra came out, it was discovered that not every country is keen to promote new technologies, and electric motors are not popular at all.

In addition, some countries need to import coal, and the cost of power generation is so high that the power 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 respond.

Oil companies, by comparison, are much better off. With the vigorous development of the automobile industry, the promotion speed of internal combustion engines is much faster than that of electric motors, and the growth rate of market demand is also much faster.

...

"Your Highness, the pre-listing 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 intense the controversy in the media was, the largest IPO in the financial market of the Holy Roman Empire was still launched.

Nobody cares?

That's totally overthinking. If it weren't for the purpose of deceiving others, the royal consortium would not have prepared the oil company to go public at all.

Whether it is pre-listing financing or pre-subscription, it is all arranged by the royal consortium. It is a game of left-handed and right-handed. How can the valuation not be high?

It's better if no one buys it, and it's a big deal to eat all of them with a trumpet. 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 completed, the annual profits of these companies will be able to exceed the current valuation.

In the era when there was no major currency depreciation, the economic growth rate of the whole world was not fast. Dragons cannot grow in shallow water, and limited by the market environment, companies that can maintain double-digit profit growth every year are absolutely rare.

In fact, such high-growth companies usually don't go public. Unless it is really encountering financial difficulties, or is about to touch the bottleneck of enterprise development.

Because they are worried that the tree will attract the wind, in order to hide their wealth, they must list their own high-quality companies, which is estimated to be the royal consortium.

"Understood, everything is going according to the original plan."

For some reason, Frederick felt empty after everything was done.