The time is to level the best way of grief, after two years of precipitation, investors already from the terrified of stock disaster slow. 时间是抹平伤痛的最佳方式,经过了两年时间的沉淀,投资者们已经从股灾的惶恐中缓了过来。 Had a look at the Vienna stock market to know, although daily turnover also half of peak, but the bulk lots had returned to normal. 看看维也纳证券交易市场就知道了,虽然每天的成交量还不到巅峰时期的一半,但是大盘已经恢复了正常。 Passed through the disaster baptism to go to remain weakly strongly, although now the company quantity on market reduced, but quality actually compared with before not only planned. 经过了股灾洗礼去弱留强,现在市面上的公司数量虽然减少了一些,但是质量却比之前强了不只一筹。 Squeezed out the bubble, rationality the market obviously is much healthier. With the normal operation of economy, wave of fresh-faced new fragrant-flowered garlic admission. 挤掉了泡沫,理性下来的市场明显要健康得多。随着经济的正常运行,又有一波粉嫩的新韭菜入场。 Compared with seniors who the peak enter the stadium, they obviously are much luckier. Low admission, catches up with the economical great development. 和巅峰时期入场的前辈们相比,他们明显要幸运得多。低位入场,又赶上经济大发展。 Although cannot say that is everyone makes money, but most people gained a point somewhat. If not the beforehand stock disaster influence is too big, many people have a lingering fear, cannot do well and come a wave of bull market. 虽然不能说是人人赚钱,但是大部分人多多少少都赚到了一点。如果不是之前的股灾影响太大,很多人还心有余悸,搞不好又来一波牛市。 Promotes the oil enterprise to go on the market, starts under this situation. Different from the sunset industry of later generation, the petrochemical industry of this year, is ready the proper high tech. 推动石油企业上市,就是在这种背景下启动的。不同于后世的夕阳产业,这年头的石油化工产业,都是妥妥的高科技。 And consumes the country as the world's first oil-producting country, in the past several years, Holy Roman Empire to the demand of petrolchemical, is maintaining the speed-up of double-digit every year. 作为世界第一石油生产国和消耗国,最近十几年来,神圣罗马帝国每年对石油化工产品的需求量,都保持着两位数的增速。 Although the petrolchemical is not popular in the entire world, but looks at the Holy Roman demand, huge actually knows this market. 虽然石油化工产品还没有在全世界普及,但是看神罗的需求量,就知道这个市场究竟有多庞大。 According to the social economy scientists' calculation, it is expected that in five years, the global crude oil demand will enhance to 35 million tons every year, light/only Holy Roman Empire needs to consume 25 million tons every year. 按照社会经济学家们的推算,预计在五年时间里,世界原油需求量将提高到3500万吨每年,其中光神圣罗马帝国一家每年就需要消耗2500万吨。 This group of numbers, are perhaps common in the later generation, the casual country can exceed. However nowadays, that is ready the proper astronomical figures. 这一组数字,或许在后世丝毫不起眼,随便一个国家都能够超越过去。但是这年头,那就是妥妥的天文数字。 In the crude price computation according to at present international market, light/only the crude oil industry is markets of every year 350 million aegises, soon caught up with Vienna government one year of financial revenue. 按照目前国际市场上的原油价格计算,光原油产业就是一个每年3.5亿神盾的市场,都快要赶上维也纳政府一年的财政收入了。 However, contrasts the entire petrochemical industry, the crude oil is only a small part. If develops completely, at least is also big markets of every year 1 billion aegises. 然而,对比整个石油化工产业,原油只是其中的一小部分。如果全部开发出来,至少也是一个每年10亿神盾的大市场。 The most important thing is this market, is in the high-speed growth period. The demand five years turn are only a start, in ten years turn time again are not the dreams. 最重要的是这个市场,正处于高速成长期。需求量五年翻倍只是一个开始,十年内再翻倍也不是梦。 Although the imperial family is not the only oil production business, but the production cost of oil field is the entire world is lowest. 尽管皇室不是唯一的石油生产商,但旗下油田的开采成本却是全世界最低的。 If not Franz intends to limit the crude oil export, was supposing the crude oil supply of entire Europe, the metropolis/can imperial family financial group gave the monopoly. 如果不是弗朗茨有意限制原油出口,估摸着全欧洲的原油供应,都会皇室财团给垄断了。 Does the competitor, really exist? 竞争对手,真的存在么？ Nowadays European world altogether on two oil-producing countries, except for Holy Roman on the remaining Russia. Although Bakinskiy Neftanoy Basseyn production cost is not high, but cannot support the land transportation cost to be high! 这年头欧洲世界一共就两个产油国,除了神罗就剩下俄罗斯了。巴库油田开采成本虽然不高,可是架不住陆地运输成本高啊！ Under the oil pipeline technology not mature background, the transportation is the most important difficult problem that the petroleum industry must face. 在输油管道技术不成熟的背景下,运输就是石油产业要面临的首要难题。 Not only the Russia person met, association state of other side of the ocean also met. But the American luck is good, the native places are the plain areas, installing the oil pipeline difficulty is low. 不光俄国人遇到了,大洋彼岸的联邦国同样遇到了。只不过美国人运气好,本土多是平原地区,安装输油管道难度较低。 In comparison, the Baku area is not good. By the technology of this year, even if cultivated/repaired the oil pipeline in Baku, cannot ship out the degreasing. „The entire world most expensive oil pipeline”, does not have unearned reputation. 相比之下,巴库地区就不行了。以这年头的技术,就算是在巴库修了输油管道,又运不出去油。“全世界最昂贵的输油管道”,可不是浪得虚名。 In comparison, the imperial family financial group's affiliated oil company, the situation is much better. Its oil field reserve are many enough, the coastal oil field that mining is only easy to transport, can satisfy the market demand. 相比之下,皇室财团旗下的石油公司,处境就要好得多。本身油田储备足够多,光开采易于运输的沿海油田,就能够满足市场需求。 Mining transportation cost double low, in addition the entire world most advanced mining smelting technology, clarifying is the dimensionality reduction attack. 开采运输成本双低,加上全世界最先进的开采冶炼技术,摆明了就是降维打击。 Some so many advantages, naturally cannot little gain. Until now, these oil companies are in the imperial family financial group the biggest cash cow. 有这么多优势,自然不会少赚。时至今日,这几家石油公司已经是皇室财团中最大的现金奶牛。 Now must go on the market, the issue nature that needs to consider are many. Actually is to conform with the jumbo to go on the market, the seperate reorganization does one pile of cockroach enterprises to come out, has puzzled Frederick many days. 现在要上市了,需要考虑的问题自然很多。究竟是整合成巨无霸上市,还是拆分重组搞一堆小强企业出来,已经困扰了腓特烈好些日子。 Related to the benefit is too big, even Frederick still feels fearful and apprehensive. Any decision error, may create in the future tens of millions, and even the losses of over a hundred million aegises. 涉及到的利益太大,即便是腓特烈也感到心惊胆战。任何一项决策失误,都有可能在未来造成数千万,乃至上亿神盾的损失。 Can say , since receiving this duty, he does not have with ease. Every day some innumerable documents must look, all major business want him to decide. 可以说自从接下这个任务后,他就没有轻松过。每天都有数不清的文件要看,所有重大事务都要他做决策。 Focuses on developing the petrochemical industry the policy to fall to the ground, the best time of listing has come. Signs the given name along with Frederick in the document, the imposing oil company IPO formally starts. 重点发展石油化工产业的政策落地,上市的最佳时间已经来了。伴随着腓特烈在文件签上大名,轰轰烈烈的石油公司上市计划正式启动。 Four oil companies go on the market together, must raise 200 million aegis funds in Vienna and Frankfurt, with constructs with the petrochemical necessary industry chain. 四家石油公司齐上市,要在维也纳和法兰克福两地募集2亿神盾资金,用以石油化工配套产业链建设。 Received this message, the financial version news media direct cooker of Europe. 收到这个消息,欧洲的财经版新闻媒体直接炸锅了。 „200 million aegises”, this number was really astonishing. Even if divided into four, the average that is still 50 million aegises. “2亿神盾”,这个数字实在是太惊人了。即便是一分为四,平均下来那也是5000万神盾。 This number, still exceeded the entire world 95% state revenues. At present entire world largest listed enterprise, Austria Libyan Power Group market value also 850 million aegises. 这个数字,仍然超过了全世界百分之九十五的国家财政收入。目前全世界市值最高的上市企业,奥地利电力集团市值也不过8.5亿神盾。 Must know Austria Libyan Power Group, but controlled the European about 60% electric power supplies, the proper world's first jumbo enterprise. 要知道奥地利电力集团,可是控制了欧洲近60%的电力供应,妥妥的世界第一巨无霸企业。 If according to the estimate values of capital market to these four oil companies, highest has achieved 570 million aegises. After the listing, may break the market value lead of Austria Libyan Power Group very much. 如果按照资本市场对这四家石油公司的估值,最高的一家已经达到了5.7亿神盾。上市之后,很有可能打破奥地利电力集团的市值龙头地位。 Naturally, the estimate value also has the high reason high. Was treated as the age of high-tech product in this petrochemical, the oil company goes on the market is telling the story according to the high-tech corporation completely. 当然,估值高也有高的理由。在这个石油化工被当做高科技产物的年代,石油公司上市完全是按照高科技企业在讲故事。 Different from the Spring and Autumn Period big dreams of other technology corporations, the pictures of cakes of oil company can see and be able to feel at least. 不同于其它科技企业的春秋大梦,石油公司的画饼起码是看得见、摸得着的。 Had a look at the asset and profit knows. Do not raise regardless the mechanical device, workshop and the technology hard core. The oil field under each oil company name, has several billions tons crude oil reserves, every year can the profits of more than ten million aegises. 看看资产和利润就知道了。抛开硬核的机械设备、厂房和技术不提。每家石油公司名下的油田,都有数十亿吨的原油储量,每年都能够上千万神盾的利润。 In addition every year the profit growths of double-digit pledged, and estimate of market to future petrochemical industry, the high estimate value is inevitable. 加上每年两位数的利润增长速度承诺,以及市场对未来石油化工产业的预估,高估值是必然的。 In fact, was divided into four, this estimate value can also continue to flee upward. So long as any industry hung up „monopoly” two characters, the capital market will give the ultra-high premium. 事实上,要不是分成了四家,这个估值还能够继续往上窜。任何产业只要挂上了“垄断”二字,资本市场都会给出超高溢价。 Takes Austria Libyan Power Group for instance, the peak market value once broke through 2.5 billion aegis critical junctions. Now drops, besides stock disaster, what is more important is the performance misses the expectation. 以奥地利电力集团为例,巅峰时期市值一度冲破二十五亿神盾大关。现在跌落下来,除了股灾之外,更重要的还是业绩不及预期。 Without the means that who makes the European People poor? Although many cities popularized the electrical network, but does to the population most grass-root people unable to spend. 没有办法,谁让欧洲民众穷呢？虽然很多城市都普及了电网,但是奈何人数最多的底层民众消费不起。 It is expected that the industrial power consumption grows, after having Holy Roman, the discovery is not every country craves in promoting the new technology, the electric motor has not popularized. 预想中工业用电增长,出了神罗之后,才发现不是每个国家都热衷于推广新技术,电动机根本就没有普及。 In addition some coals need to import, the electricity generation is high-cost, the electrical network that lays down in the overseas many cities had the short-term loss. 加上部分国家煤炭需要进口,发电成本高昂,以至于在海外多个城市铺设的电网出现了短期亏损。 Although the prospect is broad, but the performance growth slows down in a short time, is the indisputable fact, the capital market naturally must react. 前景虽然广阔,但是短时间内业绩增长放缓,也是不争的事实,资本市场自然要做出反应了。 In comparison, the oil company is much better. With the vigorous development of automobile industry, the promoted speed of internal combustion engine is faster than the electric motor, the market demand growth is also much faster. 相比之下,石油公司就要好得多。伴随着汽车工业的蓬勃发展,内燃机的推广速度远比电动机要快,市场需求增长速度也要快得多。 ...... …… „Your highness, the stockholder's rights drive before listing, as well as subscribes the work to be fully completed in advance, it is expected that can license to trade on December 21.” “殿下,上市前的股权激励,以及预先认购工作均已全部完成,预计在12月21日就可以挂牌进行交易。” No matter the dispute of media intense, in the Holy Roman Empire money market biggest IPO, was the start. 不管媒体的争议有多激烈,神圣罗马帝国金融市场上最大的IPO,还是启动了。 Nobody will ask? 无人问津？ That wants completely. If to not cover their ears and eyes, the imperial family financial group does not prepare to make the oil company go on the market. 那完全是想多了。如果不是为了掩人耳目,皇室财团根本就不准备让石油公司上市。 Financing before listing, subscribes in advance, is the imperial family financial group monopolizes, the game of left hand right hand, isn't the estimate value possibly but actually high? 无论是上市前的融资,还是预先认购,都是皇室财团一手包办的,左手倒右手的游戏,估值怎么可能不高？ No one buys is better, at the worst operates the trumpet to be fed up completely. According to the demand of market, the petrochemical industry ready ready will be the future development direction. 没人买更好,大不了开小号全部吃尽。按照目前市场的需求,石油化工产业妥妥是未来的发展方向。 According to financial group internal estimate, petrochemical industry chain, once improves, these company every year profits, can exceed now the estimate value. 按照财团内部的估计,石油化工产业链一旦完善,这几家公司每年的利润,都能够超越现在估值。 In age that the currency has not depreciated greatly, the economic growth rate of the world is not fast. In the shallow water cannot raise the flood dragon, limited to the market environment, can maintain every year the enterprises of double-digit profit growths absolutely is extremely rare. 在货币没有大贬值的年代,全世界的经济增长速度都不快。浅水里养不出蛟龙,受限于市场大环境,能够保持每年两位数利润增长速度的企业绝对是凤毛麟角。 In fact, this high growth enterprise will usually not go on the market. Only if really met were capital-strapped, or soon touched the enterprise development bottleneck. 事实上,这种高增长企业通常都不会上市。除非是真遇到了资金困难,或者是快要碰触到了企业发展瓶颈。 Because is worried about the high position invites criticism, for ease of the hidden wealth, must own high-quality listing, suppose also on the imperial family financial group. 因为担心树大招风,为了便于隐藏财富,必须要把自家的优质企业上市,估摸着也就皇室财团了。 „Knew, all conducted as scheduled.” “知道了,一切都按照原计划进行。” Why does not know, after all complete, the Frederick whole person feels emptily. 不知道为什么,当一切完成之后,腓特烈整个人都感觉空荡荡的。