Lu Yu has about landing business Board, film and television plate into a hot spot?

Network biography "Lu Yu has about" is the largest black swan.

After she interviewed the happy life of the melon, a family broke up; after she had talked about Li's excellent parenting experience, 's was accused; after she interviewed Yapeng's legendary love story, Faye Wong divorced; Liade was "Monday" after she praised the responsible husband of the article. After she appreciated Haibo this national son-in-law, he was caught for prostitution ... This thought that these gossip talk away from the small scattered life is still far away, never think of the present Lu Yu will and a shares have about, suddenly feel the whole people are bad.

Yes, the proposed landing on the gem of Beijing Energy Film and television recently issued a pre-disclosure notice, Chen Lu Yu, Zhou Libo joined hands before the top ten shareholder status appeared. The announcement shows that at present Chen Lu Yu holds 3.25 million shares of energy film and television, accounting for more than 5.57%, for the company's third largest shareholder, Zhou Libo held 2 million shares, accounting for 3.43%, as the seventh largest shareholder. Chen Lu Yu also ranked among the energy film and television executives, and its 2013 annual salary will be as high as 7.75 million yuan.

As for the company itself, there is no doubt that the cultural media film and television entertainment category. According to its own description, energy film and Television Communication Co., Ltd. is a main TV program, documentary production and brand services category of the company. The company's main business model for television programs and documentaries produced and sold to the television station copyright. TV program Business for the company's main business, its products are the two big star shareholders of the same name of the program "Lu Yu has about" and "one Zhou Libo." From 2011 to 2013, the revenue of Energy film and television realized 121 million yuan, 178 million yuan and 271 million yuan respectively. In 2013, the company's column business achieved revenue of 203 million yuan, an increase of 125%, at the same time, the column business revenue accounted for from 2012 to 50.54% growth to 2013 74.62%. During this period, "Lu Yu have about" and "one Zhou Libo" Two column contribution revenue is 60.12 million yuan, 59.31 million yuan and 51.71 million yuan, of which "Lu Yu has about" contribution revenue is 43.38 million yuan, 44.24 million yuan, 34.32 million yuan, three year total about 122 million yuan. In this way, the above two-column revenue accounted for the company's main business income ratio of 49.77%, 33.34% and 19.05% respectively. Although the income ratio in the year down, proved that the company is expanding the product line, to get rid of star dependence, but such a high proportion of Lu Yu and Zhou Libo of the two major star shareholders of the importance of the enterprise, Lu Yu will be listed by the energy media into a A-share star rich List.

With a A-share has about, Lu Yu can exchange for a dash of net worth? Energy film and television did not disclose its price range, but in the announcement of the light of the media, only the spread, the oriental popular, star production, Huayi film, Chinese record Hundred, new culture and other companies listed as the main competitors in the industry. From the already-listed light, China strategy and other companies share prices, its average p/E ratio has reached 50 times. According to the disclosure announcement, Energy Film 2013 annual net assets yield and earnings per share of 23.76% and 0.64 yuan/share. According to 50 times times P/E, the price per share of energy film will be as high as 30 yuan. In other words, only by holding the energy of film and television stocks, Lu Yu to a A-share price of about 100 million yuan.

Of course, if someone is willing to take a. The star stock market is not new, the star holds the film and television entertainment company and borrows the IPO to become ready the billionaire also abounds. Huayi Brothers in the market then molded Feng Xiaogang, xiaoming, such as Huayi Rich, the former part of the sea-run film is going to borrow shell listed, and Sung Li holding more than 2 million backdoor success is about to become a billionaire sister news also spread. Since Ronald Reagan could be president and Arnold Schwarzenegger could be governor, it must be understandable that stars have the power and wisdom to invest in money. Just, for the general retail investors, in the stars together in the film and entertainment areas of investment, to obtain a stable return on the expectations of what geometry?

In fact, as a relatively light asset of the film and television entertainment enterprises, the most eye-catching core asset is the star talent that it has recruited. With the heavyweight star sits, not only is the enterprise seeks the stable income the safeguard, is its to the capital market story-telling capital, is advantageous for it to bring the higher valuation. Standing on the Board of Directors of the company, so that the value of the star shareholding is absolutely a win for the good, not only to lock the star personal loyalty to the enterprise, bundled corporate brand and star personal brand, but also with the star effect amplification enterprises in the capital market popularity value, rich financing channels. In addition to taking the appearance fee, the star individual can also be in the process of enterprise development stability benefit, and even to create their own in the capital market of another world. However, the risk is precisely in such a bundle.

For example, Lu Yu has an appointment. Although this program successfully will article, Haibo hold on the day, but when their true side was revealed by the paparazzi, the most ruthless in addition to the text and yellow himself, there are behind their corporate brand and choose its main role in the film and television works investors. Lu Yu has a covenant is the same, if the public no longer recognize the name of Lu Yu's brand, energy film and television upfront to the individual input will not be counted, its valuation is bound to suffer serious impact.

In addition, the market gives the cultural media entertainment plate higher valuations of the logic, not only because of the industry's star-rich facts, but based on market and model considerations. With the rapid growth of China's economy, the volume of entertainment products market will inevitably increase, and the space is very large. Based on this expanding market, the growth pattern of entertainment enterprises is more and more changeable, and the ability of sustainable profitability is more and more strong. Therefore, investors dare to take more than 50 times times the price-earnings ratio to read the film and entertainment sector of the future. But if the energy of film and television as was generally just hold the Lu Yu and Zhou Libo's thigh, two star ability to absorb gold can account for half of the company's blood, the future will inevitably be the constraints, such as mountain soldiers. Fortunately, it has been through the expansion of the product line to reduce the reliance on Lu Yu's personal brand, otherwise its investment value will be greatly reduced.

However, market statistics point out that some organizations have been to lighten the film and television stocks. The 2013 annual report of Huayi Brothers showed that among the top ten circulating shareholders, 7 were withdrawn from the last four quarters, including 4 fund seats and 3 individual shareholders. Among the new shareholders, the fund has only 3 seats. The first quarter of this year, Huayi, Nong Yin, Hua Bao Xingye 4 Fund clearance. Light Media in the first quarter of 4 Fund reduction, the total clearance of 5.9012 million shares. Institutional holdings also fell from 13.57% per cent at the end of last year to 12.04% in the first quarter. By the view, with a large number of film and television entertainment stocks landing gem, the past this kind of enterprise's scarce value has been greatly diluted. For those who bet on film and television entertainment section of the retail investors, is about to be with Lu Yu is a blessing is a curse?

Bupobri, retail investors Please close your eyes, Lu Yu you go!

The author is a privately-subscribed mr3diary. Professional Spit 12 Confidence selected quality assurance.