Chapter 305 Summit Media goes public

After several months of IPO process, Summit Media officially landed on the AIM market of the London Stock Exchange on July 5.

As the chairman of Summit Media Company, Barron has also returned to London and participated in the bell-ringing ceremony that day.

In the end, Summit Media Company determined to set the issue price at GBP 15, the upper limit of the adjusted issuance price range of GBP 13.50 to GBP 15.

It is worth mentioning that the recently popular "Strictly Come Dancing" on SDTV, the variety show with the highest ratings in the UK in the first half of the year, has made investors very optimistic about the prospects of Summit Media, and the subscription of its shares is extremely active. It played a considerable role in determining the final issue price of the shares at £15.

Summit Media, whose stock code is SMC, will publicly issue 25 million shares, all of which are newly issued shares, and there will be no sales shares from the original shareholders.

Based on this calculation, Summit Media’s listing will raise 375 million pounds, and its market value has reached 1.875 billion pounds.

On the first day of listing on the AIM market of the London Stock Exchange, Summit Media opened at a price of 16.35 pounds after a call auction. During the entire morning's trading, its share price once reached a high price of 25.78 pounds.

Finally, when the market closed in the afternoon, the price was fixed at 23.25 pounds, an increase of 55% compared with the issue price!

Calculated based on this issue price, the market value of Summit Media at this time has reached 2.9 billion pounds, which is close to the market value of ITV.

The 90 million shares held by DS Holdings, accounting for 72%, are already worth nearly 2.1 billion pounds!

At this time, Summit Media has raised 375 million pounds through its IPO.

Soon, they made an announcement and purchased the five-year British local broadcast rights of the F1 event from the F1 Group for 35 million pounds, an average of 7 million pounds per year.

At the beginning, ITV's offer for the broadcast rights of F1 events was 25 million pounds for 5 years, but later, Summit Media raised the offer to 30 million pounds for 5 years.

Faced with Summit Media, which suddenly jumped out to compete, ITV also raised its offer again, preparing to purchase the F1 broadcast rights at a price of 6.5 million pounds per year, or 32.5 million pounds for 5 years...

In the end, Summit Media made the final decision and won the five-year rights to broadcast F1 events for 35 million pounds.

Next, SDTV is about to launch the SD sports paid channel. In addition to the broadcast of F1 events, they are also currently negotiating with the Football Association to prepare to win all low-level football leagues in England except the Premier League. It is expected that the three-year The price will be over £100 million...

This is one of the reasons why they will conduct this IPO to raise funds.

According to the investigation and analysis of relevant institutions, in the UK, the number of paid users attracted by the lower-level leagues under the Premier League is higher than that of La Liga. Therefore, Summit Media finally gave up the fight for the broadcast rights of La Liga and mainly competed Broadcasting rights for the lower leagues in England.

Most of the remaining funds from this financing will also be used to purchase other content for the SD sports channel.

At present, SD Sports is not able to compete with Sky TV for the broadcast rights of the Premier League - this is the biggest killer of paid sports channels. However, as they slowly accumulate funds, there will always be a time when they will participate in competition for broadcast rights at this level.

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Earlier, the Colo delegation had completed visits to the European Union, the United States, Russia, China and other countries and returned to the capital Loti.

It can be said that these visits were somewhat fruitful, more or less.

For example, during the visit to the EU, the Colo delegation obtained partial debt relief from the EU with the support of Britain.

So far, Kolo has received a total of 550 million euros in debt relief from countries and organizations including Paris Club members, the European Union, the World Bank, and the African Development Bank.

It also received a total of 200 million pounds in loan assistance from the British government and the International Monetary Fund. The annual interest rate of the loan is only 0.5%, and the repayment period is ten years.

During the visit to China, representatives of the West African Ports Group who accompanied the delegation signed a contract with port construction and equipment suppliers represented by China Construction Group Corporation for the Loti Port expansion project with a total value of 500 million pounds. China Construction Group Corporation In the next five years, two new terminals will be built for Loti Port and the two existing terminals will be expanded to enable it to reach an annual throughput of 5 million tons.

At the same time, we will purchase corresponding port equipment and transport vehicles from China, as well as relevant personnel training.

China will provide Kolo with an interest-free loan of 2 billion Chinese dollars. These funds will be used by Kolo to purchase equipment and materials from China.

These purchases will include the equipment and construction of a large cement plant with a daily output of 5,000 tons, the purchase of medical equipment, drugs and vaccines, and other related purchases. In short, although these loans are interest-free, they all need to be used for purchases from China. All loans are repayable within 10 years.

The cement plant mentioned above will be jointly invested by West Africa Group and Kolo Development Investment Company. West Africa Holdings Company is the main investment and holds 60% of the shares of the Kolo Tabulibo Cement Plant. Kolo Development Investment The company invests in resources, land and equipment purchased from China and holds 40% of its shares.

The Tabulibo Cement Plant will be located in Maritime Province, about 90 kilometers away from Loti. After completion, it will become the largest cement plant in West Africa. In addition to supplying domestic construction in Kolo, the cement products it produces can also be exported to other countries. African countries.

In addition, Kolo has also reached a number of cooperation with China, including that Kolo welcomes Chinese companies to invest and will provide tax incentives.

China will assist in the construction of a hospital and a nursing school in Kolo and provide them with some training personnel.

In fact, in the planning for Kolo, the key to ensuring the development of Kolo is to transform the social environment of Kolo.

The most fundamental of these needs to be done from the three aspects of education, medical care and public security.

Education is definitely necessary. It can be said that education is the most basic. Without a certain scale of educated people, it is impossible to have qualified industrial workers, and only the lowest-end "coolie" industries can be carried out. It is simply a wishful thinking to get rid of poverty. .

If you don’t have qualified workers, it’s impossible for foreign capital to invest even in manufacturing industries with certain technical content.

In the future, only China will become the world's factory. This is also the result of their always attaching importance to education and being able to have the largest number of high-quality industrial workers in the world. Try replacing it with India? Why can India steal all "foreign capital" equally? It’s because they know that they have no hope of using these foreign capital to develop...

In fact, in terms of education, Koro can be regarded as pretty good, at least much better than China in the early days of the founding of the People's Republic of China...

Kolo's current population is about 7 million, with a literacy rate of 63.7%, of which 84.3% are youth and 78.4% are female youth.

Due to the colonial rule of the French, the education system before Colo was based on the French paradigm.

In the late 19th and early 20th centuries, the first schools were created to cater for colonial rule and economic exploitation.

The education system includes primary, secondary and higher levels, with children under six years of age enjoying the right to free education.

Enrollment in primary education increased to 72% in 1980, then fell to 52% in 1985, then rose slowly and is currently around 75%.

After that, the Colo government will allocate special education funds every year to promote free basic education, from primary school to junior high school.

And when they visited England, they also received a commitment from the British government to help Colo's education transform from French education to English education. To this end, England will provide Colo with a certain quota of international students majoring in teacher training, and will send Volunteers help them improve their English education.

Next, school-age children in Kolo will need to receive compulsory basic education, which will be written into the "Education Bill" being formulated in Kolo.

In the past, whether it was the low-interest aid loan Kolo received from the British side or the International Monetary Fund, he had promised to use part of it for education for all. These are also the implementation of this commitment.