Outcome and consequences of Global Audit

Outcome, Positive to very positive. ig 4 audit will clear the air, For me now on no looking ack on this scrip at all. It will do wonders for all the shareholders & I say this emphatically without attling an eyelid.

global audit if positive or neutral, would trigger re-valuation of this script, will bring in more credibility among investors, right now even though the EPS is +9, it is not considered, but I expect after global audit confirms the consolidated revenues and profits reported so far, then it could get atleast 10PE ~ 90 Rs share price… still lot more to be done to resolve the Daum issue and also remember the business model of BCG is different to other IT firms, BCG keeps most of the profits earned outside only, in it subsidiaries and does not brings it to India, but if it does this and starts giving dividends, I would say PE 20 would be fair..

Good evening friends.

Consolidated results ie Global Audit will come out only and only at the end of year.

It has started in april the first month of the current financial year 2019-20.

The purpose of this Global audit by one of the big 4 audit firm is for three purposes.

First is the more obvious which is to convince the whole wide world about the financial strength and to have them confidence in numbers coming out of global consolidated audit.

The second motive of this global audit is to file for NYSE LISTING which is a precursor to list Brightcom at the US stock exchange.

Big 4 auditing would put Brightcom in a proper perspective before the US investors and help Brightcom make a stunning debut at the US markets. The listing at NYSE will bring out the true value of Brightcom and help it achieve a Mcap , comparable to other US listed similar stocks like Tradedesk which is now trading at nearly 11 billion dollar Mcap .

This happening is a REAL possibility. And when this happens the market Capitalization of Brightcom will be at least 45000 to 50000 crores on current figures and much higher depending on how great the figures come out of Consolidated figures.

THE third hidden motive is there as well. Can happen this way as well. This third possibility if of global audit is to find a buyer for BRIGHTCOM LIKE GOOGLE WHICH WILL FETCH INSTANT DOLLARS COMPARABLE TO TRADEDESK MCAP.

Stay tuned.

All in All great situation to be in. All our fingers in DESI GHEE. ENJOY THESE DAYS AND YOUR LIFE.

CHEERS to all my retail friends and to the management of BCG. They the managers can make it all happen and make each one of us SUPER R8CH. No doubt about it.

CHEERS ONE AND ALL

Good morning to Sobha madam and all our friends.

The reason for Google taking over Brightcom is that this is the easiest way for SKR to cash out and become filthy rich.

Both firm taking huge office spaces in Hyderabad also hints at easy integration if and when this actually happens.

Time will tell which direction the camel takes the karwat. May wise decisions taken by the management prevail.

For us though ALL IS WELL.

CHEERS.

Sobha, I am sync with your thinking. No reason for SKR to sell out to a big name just to make big bucks. If now things are falling in place and BCG becomes a respected entity post the current ongoing developments, then there would be compelling reasons for SKR to make BCG a globally known enterprise, enabling him to also be recognised internationally as a leading tech entrepreneur. The shareholders will benefit substantially whichever path is chosen.

Good evening friends. And good evening to the managers of BCG.

The management has started the good work and confidence building measures. This good work should keep on going .

The managers have this one last chance to come clean which would not only benefit the stake holders but have a great great potential for the promoters to earn a fortune and help make a name for themselves , both nationally as well as internationally.

They should forget about obnoxious ways to scramble tit bits. The best way and the cleanest way to earn a fortune is through growing the MARKET CAPITALIZATION OF BCG WHICH IS A LONG TERM WAY TO SUSTAINED WEALTH FOR ALL THE STAKE HOLDERS AND MOST IMPORTANTLY FOR THE PROMOTER GROUP WHO SHALL BENEFIT THE MOST.

They should FOCUS MORE ON THE BUSINESS DEVELOPMENT AND A NYSE LISTING WHICH WOULD HELP IN TRUE REALIZATION OF BCG’S WORTH.

Cheers.

Good morning freinds.

The Global audit figures could be much more pleasing then are being currently thought.

This year BCG has expanded its operations into 5 more countries taking the tally to 22 under its fold.

Let us wait for the results to come out.

SKR should also focus on adding more and more world class people to expand and run this world class company.

Corporate Governance and transparency should be the MANTRA for the company. He can look at our indian world class companies like TCS Infosys and Wipro and put system and procedure in place for along LONG INNINGS FOR BCG.

cheers.

Dear Admn, I have sent a message more than 1 and a half hrs Bach on this thread,but it did not appear. Any reason . Or will it appear. I did not use any thing offensive except facts.

Thanks very much and greatful to you sir.

I think the global audit report is being worked upon for more than a year now, no doubt and can be made available during FY19-20 audited results. My guess it will be E&Y doing the remaining audit for 21 subsdiaries along with 45% completed OMS numbers.

Global Audit is necessary and mandatory as part of LOC as we will get LOC on verifying, validating our receivables from our susbdiaries and part of resteuctring, without that LOC is out of equation. so both are linked with each other.

Once these two events unfold during May 2020, it will not look back.