#我又深夜寫文啦
BossMind x 千頌C 專欄
由TVB 2億入主士多 看創辦人的下場|千頌C
TVB買士多喎,同聲同氣來講,肯定有協同效應嘅,不過又係有幾點可以留意吓:
1:今次單刁係2億買75%股份,咁即係話成間士多valuation 大約2.67億。
2:咪住先,睇返士多盤數,原來佢2020年同2021年兩個財政年度,分別蝕8500萬同5900萬!兩年加埋,勁蝕1.44億。
3:睇返紀錄,佢去到2018年10月,一共raise咗1.56億。咁即係話,佢兩年輸晒佢raise返嚟嘅錢!Wow!勁呀!
4:好啦,咁又睇吓當年邊個領投,分別係微光創投(Welight Capital)領投、桂洪集團。桂洪集團即係邊個嘅呢?係士多創辦人之一凌俊傑,即係話呢位凌生輸晒自己嘅投資。
5:呢位凌俊傑係對士多嘅命途非常關鍵,因為佢當年發表支持修例言論,令世人都知道士多嘅理念。
6:睇返今次單刁,至今年3月底,士多GMV,即係成交額係4億,即係佢Price to sales ratio 只係0.66倍!嗱,用HKTV mall去做benchmark嘅話,佢嘅PS ratio係逾4倍。
7:咁TVB今次單刁,最絕個位係,話就話交易代價用2億,但只係有7000萬係俾cash,另外仲有1.3億點嚟?通告話「透過提供包括藝人、電視商業廣告及無綫電視免費廣播及數碼平台之其他廣告產品資源配套支付。」
8:即係話呢1.3億佢就唔俾啦,到時我派啲藝人去幫你賣廣告,填咗條數佢!
9:士多至3月底止,負債6600萬,今次TVB 俾7000萬cash ,找完仲有400萬剩!變相係,TVB只係幫士多還債,就拎咗士多75%股份走。
10:通告終仲提到,TVB仲可以選擇注資多1.5億,同樣地屎忽,佢只係會俾5200萬cash,餘下1億又係揾藝人填數。可以預計,一旦注資,剩返25%都冇乜得剩。5200萬加7000萬,total 1.2億,就買走士多93萬用戶,除返開,每個用戶成本120蚊。
11:嚟到最後一點,原股東到底有冇錢拎走?由於今次係發新股,所以呢7000萬係冇佢份,仲要!今次通告講明,創辦人s如果要賣股,5年內係要董事局批准。
董事局成員,五個入面有三個係TVB,有兩個係士多創辦人,但不包括之前講過嘅凌生。即係話3位創辦人,特別係凌生,其實得個桔!
分析完畢,走先啦,係咁先啦下次再玩啦。
千頌C
同時也有10部Youtube影片,追蹤數超過12萬的網紅一二三渡辺,也在其Youtube影片中提到,雨のライダーズカフェ、 佇む姿に大型車無し、 今日は、雨なんで、ミニバイクカフェ、 マッハマスター http://www.sakai-tcb.or.jp/feature/f08.html http://www.walkerplus.com/sakai/sp/jyuzu/ これで明日...
「price sales ratio」的推薦目錄:
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price sales ratio 在 燈火闌珊處 Facebook 的精選貼文
實驗最後一天
以前有公司因為帳上不賺錢,所以發明了稅息折舊攤銷前利潤(EBITDA)這個新名詞,宣稱應該用EBITDA來衡量公司獲利狀況比較合適,巴菲特和蒙格痛恨這個公式。後來,網路興起之後,很多新經濟連EBITDA都是負的,於是宣稱應該用營收來衡量,也就是所謂的市銷率(Price-to-Sales Ratio)。
再後來,許多公司連用市銷率衡量都貴的驚人,於是又有人提出應該用客戶終身價值(Customer lifetime value)來衡量。這麼一來,即使一家年營收只有10億20億的公司,市值都有可能輕鬆突破千億美金。
本燈其實不排斥這些新的估值方式,確實大部分新經濟公司不再適用傳統評價方法。只是使用市銷率甚至客戶終身價值來估值,必須要非常謹慎,一不小心很容易把垃圾估成黃金。
然而過去10年以上的大牛市,出現一堆過去不賺錢,現在不賺錢,預計未來幾年也不會賺錢的公司,股價卻年復一年狂飆猛漲。在這種情況下,堅守原則的投資人確實會錯失這些賺錢的機會,而且是連續10年都在錯失。那麼,到底我們應不應該改變原則呢?
本燈的看法是,不應該。但是我們應該去理解這些新經濟的商業模式,以及背後的邏輯。其實這些新經濟是很有趣的,裡面確實很多黃金,或者未來的閃亮新星。當你理解某家新經濟公司之後,你就會比較有信心使用新的估值方法去衡量他,然後同樣可以要求安全邊際。
所以本燈認為,用20倍的市銷比買進聽起來很驚人,但仍然可能具備安全邊際。然而用50倍市銷比買入,那大概意味未來的發展不能出任何一點意外,這顯然沒有安全邊際。同樣的,用客戶終身價值來衡量一家公司的價值,也可能具備安全邊際,然而如果你沒有經過深入研究就輕易帶入公式,那絕對會比投資傳統企業要危險10倍以上。
price sales ratio 在 คุยการเงินกับที Facebook 的最讚貼文
หุ้นเเนะนำโดย Motley Fools คำเเนะนำจาก David : Airbnb (ABNB)
ธีมที่กำลังจะมาในอีก 1-2 ปีนี้ (2021-2022) คือ ธีม “Reopening” เมื่อ เมืองต่างๆ เริ่มเปิดรับทำการ สิ่งที่มนุษย์จะโฟกัสไปหา ย่อมเป็น “การท่องเที่ยว” อย่างเเน่นอน
การที่คุณไปเที่ยว ย่อมต้องจองห้องพัก อยู่เเล้ว ซึ่ง Airbnb คือหนึ่งในผู้ได้รับประโยชน์เต็มๆจาการฟื้นตัวในครั้งนี้
นอกจากนี้จะมีปัจจัยเสริมเพิ่มเข้ามาอีกในยุคนี้คือ สภาวะการทำงานจะเปลี่ยนไป จาก WFH( Work from Home ) เป็น WFA (Work from Anywhere ) มากขึ้น คนต้องการไปท่องเที่ยวสถานที่ต่างๆ ในขณะที่สามารถทำงานได้ นั้นหมายความว่า โรงเเรม หรือ โฮสเทล ในระบบสามารถเสนอความต้องการที่ตอบโจทย์เเก้คนเหล่านี้ได้
โดย Airbnb ที่มีห้องพักในระบบถึง 4 ล้านที่ ในเเพลตฟอร์ม เเละ ให้บริการการพักเหมือนเป็นลูกบ้าน ที่จะเพิ่มความเข้าถึง ในการท่องเที่ยวได้มากขึ้น เเละ ราคาไม่เเพง
ตัว Airbnb เองก็ได้มีการเตรียมการ สำหรับธีมการเปิดเมืองมากขึ้น พัฒนาระบบเเละ เเพลตฟอร์มไว้รองรับอีกมาก
ณ ตอนนี้ ราคาของหุ้น ABNB อยู่ที่ 140.40$ (30/05/2021) ทำให้มี market cap ที่ 85 ล้านเหรียญ กับห้องพักในระบบกว่า 4 ล้านห้อง ซึ่งมูลค่าหุ้นลดลงมาถึงกว่า 40% จากจุดสูงสุด เเละ มาเทรดในระดับราคาใกล้เคียงกับ ipo
ส่วน pe ก็ติดลบอยู่ เพราะบริษัทยังไม่สามารถทำกำไรได้ เเต่ถ้าไปดู ที่ตัว ps ratio(price/sales) ก็ลงมาในระดับ 24.96 เท่า ใกล้เคียงตอน ipo ซึ่งยังเป็นช่วงที่ การท่องเที่ยวยังไม่ฟื้นตัวในระดับเต็มที่ หากมองที่ forward ps คาดว่า ณ ระดับราคานี้ อาจจะต่ำกว่า 20 เท่าก็เป็นไปได้
........................................
ติดตามข้อมูล เศรษฐกิจ การลงทุนในต่างประเทศ ในไทย ได้ที่คุยการเงินกับที
........................................
Ref: motley fools
David's Best Buy Now: Airbnb
https://www.fool.com/premium/stock-advisor/coverage/18/coverage/updates/2021/05/27/davids-best-buy-now-airbnb/
Trin T
price sales ratio 在 一二三渡辺 Youtube 的精選貼文
雨のライダーズカフェ、
佇む姿に大型車無し、
今日は、雨なんで、ミニバイクカフェ、
マッハマスター
http://www.sakai-tcb.or.jp/feature/f08.html
http://www.walkerplus.com/sakai/sp/jyuzu/
これで明日は晴れるかな、
It is rain, and a minibike cafe today when large-sized cars do not
exist in Raidarzcafe of rain and the appearance to stop.
Will you clear up in this tomorrow?
Model name of motorcycle that YAMAHA MOTOR was manufacturing Yamaha Motor Co., Ltd. and GT (GT). The alias is a mini tray. GT50 of displacement 50cc and GT80 of 80cc were manufactured as a series model.
GT80
* Sales years: March, 1978
* Engine: Lead valve of two air cooling cycle pistons single cylinder
* Displacement: 72cc
* The total length: 1565mm
* The width: 710mm
* The total height: 930mm
* ..seat.. height: 655mm
* Boa × stroke: 47mm×42mm
* Center distance: 1045mm
* Compression ratio: 7.1
* ..ground.. height: 170mm
* Max power: 6.0PS/7000rpm
* Weight of vehicle: 64kg
* Max torque: 0.65kgf-m/6500rpm
* Tank capacity: 4.8L
* Start method: Kick-starter
* Lubrication method: Separation refueling
* Ignition method: Magnetor
* Minimum rotation radius: 1500mm
* Clutch: Shiki multi board ..wet.. type
* Taking the plate power: 20°
* Mission: Five return type velocities
* Tire: 2.50-15-4 PR 2.75-14-4 PR (Ahead)(back).
* Brake form: Leading-trailing drum brake
* Fuel cost: 75km/L
* Fixed price: 114,000 yen
Yamaha Motor Co., Ltd. Passol is an electric scooter that began putting on the market in the scooter and 2002 when YAMAHA MOTOR began putting on the market in 1977. Both become bicycles with the motor in the displacement division.
Significance of existence of Passol
The simplification of the manufacturing process by busy of making of parts and a unit a plastic material greatly contributed also to the reduction of car heavy cost, and the mechanism and the style became prototypes of the scooter made in Japan thereafter. It is not possible that there were about five time price difference in the rival in Japan though the existence of the Vespa that the Itariapiageo Co. manufactures was the same kind of scooter.
The power performance was welcomed at maximum speed with 45 km/h by range of customers practical that neither an excessive performance nor an expensive body were demanded about the catalog data though was poor.
Only KSR110 is being put on the market now though Kawasaki and KSR (Caesarl) are motorcycles to which Kawasaki Heavy Industries is doing the manufacturing sales, and numerical models were produced as a series.
KSR-II
KSR-II was put on the market in 1990. KSR-I, and the body and the engine (The displacement is 79cc) are common, and basically cars only for getting on of one person.
At first..displacement..class..popular..fragrant..but..early..sales termination..become..put on the market..gradually..pioneer..existence..efficient..engine..revaluation..in the background of..motorcycle..unusual..delay..popular..model..become..exhaust emissions regulations..stroke..engine..use..difficult..become..sale..end..become.As a result, Kawasaki Heavy Industries abolished two stroke engine of a car Japan and domestic-oriented and on the market for the first time (The game vehicle is excluded) in four domestic manufacturers.
Moreover, because two stroke engine that vigour is good for a light body is installed, it has the combat power that can make inroads into the high rank in gymkhana.
price sales ratio 在 一二三渡辺 Youtube 的最佳解答
長野県から来てくれました、
寒いのに楽しんでくださいね、
白いカレーとダチョウカツトッピングで美味い、ってありがとう
ちょうど北摂のライダーズカフェ CoRのママも居たので紹介しました、
また大阪堺美原に来たら遊びによってください、
日本初のダチョウ料理専門店、
ライダーズカフェMACHⅢ
大阪府堺市美原区北余部469-6
TEL&FAX072-361ー3171
http://www.h4.dion.ne.jp/~maltuha/index.html
店休日のお知らせ、
毎月第一火曜日その翌日が店休日になります
* The formal nomenclature is "Hornet", and the name that puts "250" is an alias used to distinguish hornet 600 and hornet 900 that was born from the back for convenience' sake. 250cc model is often indicated in many cases if it is only said the hornet in Japan. Announcement in January, 1996.
* As for the feature on externals, this size wheel and tire, etc. are enumerated before and behind putting out improvement muffler and this company CBR900RR installed right under the seat caul the right side one.
* The power band in low and the inside rotation region is strengthened for flexibility under a wide running condition and four valve cylinder of four water-cooled strokes DOHC4 engine that has been succeeded since CBR250FOUR of the announcement in 1987 is installed.
* The feature is a cam gear train that drives the cam with the gear, and driving sound of the cam gear is suitable and plays a peculiar sound to with other sound sources. It originally has the origin as the engine for the racer replica, and Red Zone is a super-high rotation type power unit named 16000rpm-20000rpm. Therefore, the torque is comparatively thin excluding the factor by the displacement and the number of cylinders, and it can be said to the getting on digestion by the scene with a lot of addition and subtraction velocities that the crossing ratio making is a fault even if the point that skill becomes a necessary vehicle is a merit for the owner.
* It doesn't leak to multi Ki of the HONDA naked and the link mechanics is not given though Riyasaspention is a mono-suspension.
* Hornet DX (deluxe) addition in September, 2005. The first two-tone (It is red or yellow in the black) is adopted. The change is none in the performance parameters etc. other than the price.
* The minor change and the body color were reformed in December, 2006. The
color order plan ends.
o Standard: Black and white
o Deluxe: It is blue, silver or red in the black.
* Production end announcement in December, 2007. The balance of exhaust emissions regulations, the noise regulation, and the development cost or the succession models will not be announced.
Bolte (Volty) is a motorcycle to which the sea bass was doing the manufacturing
sales.
Bolte was put on the market in 1994. It was a naked type of 250cc with the outlook on ..retro-style.. Haz, and a curve part took charge and Every Good Boy Deserves Favour took charge of the body design with a lot of features that were.
It got into the news as "Price busting of the motorcycle" because of pricing that was under 300,000 yen that greatly fell below the market price of 250cc at that time. It is possible to visit production though the minor change is continued from release to 2004 for ten years, and suiting demand enough though it might be called an unpopular car.
This class was popular among the woman in a diminutive body and weight from the thing that the taking turning is easy. Bolte was used instead of Cab in the post office in the region part probably because of ..very good durability and fuel cost in addition... It often sees as a vehicle of delivery service by motorcycles now.
price sales ratio 在 一二三渡辺 Youtube 的最佳解答
カスタムKawasaki ZEPHYR 1100 1314cc
すばらしい出来です、
新車のニンジャ250Rも横に
また遊びに来てくださいね、
日本初のダチョウ料理専門店、
ライダーズカフェMACHⅢ
大阪府堺市美原区北余部469-6
TEL&FAX072-361ー3171
http://www.h4.dion.ne.jp/~maltuha/index.html
店休日のお知らせ、
毎月第一火曜日その翌日が店休日になります
カワサキ・ニンジャ250Rとは、川崎重工業が2008年4月から製造販売しているオートバイである。
It can be a wonderful doing of custom Kawasaki ZEPHYR 1100 1314cc,
and ninja 250R of the new car also sideways
Moreover, it comes to play.
First ostrich dish specialty store and Raidarzcafe MACH? in Japan3171-..
Yo 469?6 TEL&FAX072?361.. V Osaka Prefecture Sakai City Mihara Ward
north .... http://www.h4.dion.ne.jp/~maltuha/index.html
Information on shop holiday
The next day on the first Tuesday every month becomes shop holiday.
Kawasaki ninja 250R is a motorcycle to which Kawasaki Heavy Industries has been doing
the manufacturing sales since April, 2008.
Outline
Recently, the wave of the car exhaust emission regulations strengthening that becomes strong worldwide is one that the production after September 1, 2007(2007) has become impossible in the continuance production car as for Ge-light two wheels movement car that reaches the two-wheeled vehicle of Japan without the exception, and doesn't fill a new as a result an exhaust gas standard. It was announced to be able to pass might be an old, new exhaust gas standard basic to design neither of the vehicle located in the sports category of 250cc that Kawasaki had produced so far and to become a production end, and seemed to exterminate in 250cc sports of Kawasaki. This two whose having been announced is Ninja 250R with 250cc new model where environmental correspondence is expressed in Paris show in such an arrowhead and 2007 D ..KLX250..-..Toraccar X.. simultaneously.
The cylinder head surroundings and Camuchantenshona, etc. extend to many topics very much in the improvement point though engines installed in Ninja 250R are two four water-cooled stroke parallel cylinders DOHC of 248cc, and a basic design is long-lived series that continue incessantly from GPX250R and ZZR250, etc.Having become one of the biggest change points from a conventional model is an adoption of fuel injection (FI) that takes the place of the carburetor. Similarly..exhaust emissions regulations..for..install..catalyzer..Japan..severe..noise regulation..agreement..influence..probably because of..engine..output..value..torque..affiliate..engine..install..somewhat..inferior..equipped with..throttle..response..improvement..gear ratio..optimization..new design..favor..rotation..region..rotational speed..in proportion to..flat..output..increase..engine..characteristic. There is a voice that it became easy to treat, too.
Good feeling was able to be received from the user because it was more low-priced than the final type of ZZR250 that hit the predecessor of 250cc scooter and Ninja of the other companies though this was the one by having greatly decreased the cost by it not only produced in the overseas subsidiary in Thailand but also misappropriating parts of an existing body composition and another car though Ninja 250R was including tax and a sales price of 498000 yen at first.
The model is done the price revision, and is 498096 yen 2009 year only in the
main body.
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price sales ratio 在 Price-to-Sales (P/S) Ratio Basics - YouTube 的推薦與評價
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