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  • #30
    admin
    Keymaster
    Topic Author

    Hello Brightcom Investors!

     

    Here you can ask any specific queries related to Brightcom Group or post anything in general.

     

    For any significant company update/events, please feel to create a new topic.

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    #119
    Badri

    Is this company brightcom group functioning well. Many people say so.but why it is around Rs3. Can you elaborate more on daum settlement and loc approval, preferential issue to promoters.

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    #128
    admin
    Keymaster
    Topic Author

    Hi Badri,

    The company is operating well if the numbers are be be believed and also matching the industry peers. The low CMP is attributed to the Daum case ever since YBrant bought Lycos from Daum holdings (now known as Kakao, South Korean based company). Ybrant had also changed the company name to Lycos Internet, for a better brand appeal in US. The promoters of Ybrant had to declare bankruptcy in order to restrict Daum from taking any advantage. In 2018 the court finally ruled in favour of Lycos Internet with an order to handover Lycos recievership back to Daum and asked both parties for an out of court settlement. Following which the name was again changed from Lycos Internet to Brightcom Global .

    Since then negotiations between the two took more than two years and as per latest communication from SKR, it has been verbally settled and the formal proceedings need to be completed and will be notified very soon to investor community. However SKR has not revealed the figure both of parties reached towards the settlement, but one thing is understood that Lycos will again be back to Brightcom!. For the settlement, Line of Credit (LOC) is required since the cash flows generated as of now is poured back into the business due to competitive nature of Ad industry. One thing worth mention is BCG has closed much of the debts with the cash flows. LOC and preferential allotment news is soon to be expected, and the committed time frame has already passed. Investors keenly awaiting official update on this.

    Thank you!

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    #137
    Badri

    Thanks for the information sir

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    #140
    VALUEBUYER001
    Registered Boarder

    Any idea when the Q2 results announcement be done?

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    #142
    admin
    Keymaster
    Topic Author

    Thank you for using this forum.

    The previous year Brightcom Group Q2 results was announced on Nov 14. We have not got any intimation for the board meeting date for the result announcement. After the date for board meeting is intimated, it takes minimum one week for the result announcement. So we can expect the results not earlier Nov 7. Looks like it will be around second week itself.

    Hope this helped. Please share the forum with other boarders for better participation

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    #156
    Raj
    #157
    Raj

    Check the latest update and share your views.

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    #159
    sateanna
    Registered Boarder

    Is the pledged shares of the promoters part of the daum issue ??

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    #162
    admin
    Keymaster
    Topic Author

    Hi sateanna, the pledged shares seems more to do with loan with Indian banks. Once the banks loan are closed the pledges shares will also get release. With today’s investment update of clearing all dues with Canara (SBI already done) and upcoming will be Axis bank, we can hope the pledged shares will also get release sooner. Also it seems clearing of debts is also required criteria for LOC.

    • This reply was modified 1 year, 6 months ago by admin.
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    #166
    admin
    Keymaster
    Topic Author

    Hi Raj, Thanks to notify this update which is inline with company statement to close all bank debts. In June, BCG had mentioned regarding one time settlement negotiated with Canara bank, so this is done. Below is the transcript of the update in June.

    “We reached an ‘one time settlement’ agreement with Canara Bank to settle all outstanding debt, of which we have already paid significant portion and an amount of about Rs. 16 crores is pending”

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    #180
    sateanna
    Registered Boarder

    Sirji, I thought Axis loan was alreday cleared. This was clarified by SKR in one of his conference calls.

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    #181
    admin
    Keymaster
    Topic Author

    In the AGM held on September last, SKR said that they are working with Axis debt payment. Axis on knowing that one time settlement with SBI and Canara is done, Axis is trying to get a better cut for themselves and hence the delay in the process. Since then did not see any official notification in the exchange yet.

    • This reply was modified 1 year, 6 months ago by admin.
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    #185
    Spamfortress
    Registered Boarder

    Axis Bank loan is yet to be cleared. The management is working on it. Well, that’s what SKR said at the last AGM. And like Admin wrote above, I too feel, clearing of Axis loan is pivotal for securing the LOC.

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    #188
    jzfernandes
    Registered Boarder

    Thanks for this blog. It was very much required after the Negative Boarders on MMB going on rampage, deleting Positive posts and using Bad Lanuage.

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    #199
    VALUEBUYER001
    Registered Boarder

    Really appreciate your initiative and thank you sir.

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    #217
    vsk
    Registered Boarder

    Dear All,

    I think it would be nice if we can compare BCG with similar companies like Affle and TradeDesk.

    Thankyou in advance!

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    #218
    108BULLGURU
    Spectator

    I had a look at AFFLE eps .For finncl yr end 2018 it was arounfd 10 rupee and for finncl yr 2019 it was 20 rupee. So they have shown 100% jump in one year in EPS.
    About trade desk, last time when i checked it , it was growing at i think 40-45% quarter over quarter.
    About BCG if we go by the available information , its revneue is up a paltry 33% as far as i rememebr over last 4 years.
    Well we do understand the constraints to growth re how so much of wealth was destroyed and the long wait re Daum settlement and its reasons.
    So before market decides to start paying fair market price for its share, lot of things need to happen.

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    #220
    Gchittu

    Dear friends……..if we compare ……BCG suppose to be its CMP of share
    more than 1000 RS…..where as it is suffering due to Daum issue likely to be solve this financial year……where as affle u cannot compare with BCG………..we hope for the beat friends….patience is the key factor in market……pls lock it for….2….3….5…years to multiple u r money….with regards….

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    #221
    Gchittu

    Thnx Bullguru……for u r sincere analysis…….pls clarify weather duam is solved…..yet to solve……..why they are hiding……with regards…..

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