from a medical industry layman, to become a well-known investor in this field, Tao Tao and share investment has what kind of investment logic, but also how to complete the investor’s own self-discipline again and again,
, facing the privatization offer such a low price, Gong Haiyan also chose not to go on fighting, retreats. In early March 2, 2015, Manulife funds have been acquired from Aprilsky Jiayuan 8003763 ordinary shares, so far, Gong Haiyan completely withdraw from the capital level jiayuan.
Abstract: as the founder of ? The timing of the
author recently conducted an in-depth dialogue with Guan Tao, how to see trends, how to see the project, how to see people, how to see success or failure?. Share with you today. I hope that both the entrepreneur and the investor will be able to inspire and harvest it.
, but BAT rushed in, their investment logic is completely different, willing to accept high valuations, their profit model is different from the traditional VC, so that the industry’s ecology has become BAT in many
It is not difficult for
the evening of March 3rd, Jiayuan announced joint venture capital fund, Manulife received Vast Profit Holdings privatization offer the price per ADS American Depositary Shares $5.37 in cash. Jiayuan March 2nd shares closed at $4.64, the price premium ratio is 15.7%.
to judge the direction of medical investment, and the development of the field of minimally invasive instruments, biotechnology or new medical services will be rapid. As long as enough professional investment institutions, view is not very large deviation, the real difference is that the different funds on what time segments can be, the best point is the investment team, and what kind of easy, there will be some different judgment.
a few years ago mobile medical special fire, but the traditional medical fund is actually more conservative, many investment is the fund’s Internet team in leadership. Because from a medical point of view, the medical industry is still different from the traditional Internet industry, there is no rapid outbreak of commercial value realizable difficult.
shares in private, is nothing more than the price is low, the capital market as a low value of financing channels, for the company’s brand, "listed company" is no longer a piece for the endorsement of a gilded signboard Shanda, Focus Media, such as, Jiayuan as well. After IPO, Jiayuan by U.S. investors questioned the "single profit model, membership read income accounted for total revenue 90%, prolonged slump in the share price, market capitalization from IPO of $330 million, fell to $149 million in March 3, 2015, the additional possibility of refinancing will be minimal. In this case, it is indeed a good policy to abandon the status of listed companies, the growth requirements of capital market, the restriction of share prices and earnings, and rethink the company’s strategy.
investment is really important. Sometimes miss the best time may be difficult to cast, such as there is a special direction we have been watching, but now a no vote, why? Or is the team itself is not good enough, or not to the price of a good turn, behind the valuation of speculation was particularly high, we worry about the rate of return is not enough.
if you ask me what the market changes, more and more people the greatest feeling is this two years of investment in the medical industry, a medical listed company directly to do the fund, in particular, is also in line with the characteristics of industry mergers and acquisitions more, but frankly the buyout fund trader who industry experience requirements are very high, and not so easy. There are also a group of people who are not in the medical profession, and are rushing to invest. The heat created a problem, as prices on the market began to rise and bubbles began to gather.
Tao Tao is a rare young, deep thinking and humble investor.
faces a cheap privatisation offer, and if big shareholders are strong enough, they will definitely resist it. However, for the privatization offer, company management’s attitude is fairly gentle and friendly, it has indicated that the problem of large shareholders think that this price can sell enough OK, Jiayuan.
Jiayuan CEO Wu Linguang released internal e-mail, said the company has yet to make a decision to invite. Wu Linguang >
even so, as a non founding team, but the privatization of capital institutions initiated invitations, such prices are quite low, almost cabbage prices. From the earnings report, Jiayuan recent performance is not bad, the 2014 Q1~Q3 quarter, its revenue increased by 20.5%, 21.8% and 25.5% respectively in 2014, total revenue should be around $100 million, its gross margin is around 60%. In Jiayuan March 3rd worth US $149 million, 15% of the premium is only about $170 million, and the account has $90 million in cash, equivalent to Manulife fund only paid $80 million for the quarter, the average growth rate of 20%.
before IPO, the founder of lost control of the century, eventually, may be a "cabbage price" privatization, leaving the capital market.
Nortel Networks as a senior engineer, had to open up overseas markets for HUAWEI, then the chance to start to share investment, investment management investment partners, the Bohou medical, dental oral orange pole, Jia Hong and other well-known projects.
investment in the medical industry, we generally see 5 years, 10 years after the trend, short-term changes but not so much importance. Because it is not fried stocks, you can quit at any time.
The reason most of the