[ATS]

https://www.sebi.gov.in/enforcement/orders/nov-2019/adjudication-order-in-respect-of-m-suresh-kumar-reddy-in-the-matter-of-ybrant-digital-limited_45132.html

Penalty of Rs.9 lakhs for violating SEBI regulations.

[108BULLGURU]

This was violation 6 years ago.
Has he made a disclosure to stock exchanges about this order befroe or not.
I was not a shareholder then. Has he kept the shareholders informed about these violations and what is going on.
He has not.
So will he be liable again IF HE HAS NOT?

[Odysee]

108BG, this matter was brought to light a couple of months ago too. It is more of a technical violation of SEBI rules; doesn’t appear to have had any malafide intent. I recall having read the order in detail, and there is no apparent material issue impacting shareholders. Regards.

[108BULLGURU]

@Odysee.
Thanks dear for clarifying it.
It is good to know that there was no malafide intent which has been recorded in the decision that no material impact on shareholders.
If it was just an oversight.
Or just poor coporrate governance and following up on officve procedures.
Market does not seem to be too bothered about it.
Gr8.
all good.

[108BULLGURU]

dear investors do U realize that on 2500 crores of revenue and 400 employees revenue per employee is 1 million USD approx.
This stock should be selling at 50-100 PE ratio. who is kidding whom.
Market thinks it i worth a zero.
U B the judge

[Shiva73]

No real buying and selling happening in this counter. No retailer ready to sell instead who believe bcg have already loaded according to their capacity.

[kpal]

Guruji 108, What you have stated is correct but then you also let us know as to why the stock is not trading @ 50-100 PE or to say the least even half of what you have mentioned ??

[108BULLGURU]

Dear every one knows the reason. They could disappear quickly in coming few months
if SKR delivers on what he
said during last conf call.
Then who knows
300-500 ,100 i have no idea what market will do.
Markets are a crazy place and can turn on a dime.
Look at AFFLE 1700 WAS the high.
BCG already delivering nearly 1 million USD rev per employee means should be selling beween 600-1000 rupee per piece of BCG SHARE WHEN u LSO CONSIDER margins and net pft .eps etc etc…

[Shoumik]

Friends this go slow game of SKR is clearly evident from the latest submission which has been signed on 20th December but uploaded on 16th jan .

SKR HAS HIMSELF SIGNED HIS GO SLOW TACTICS IN BLACK AND WHITE.

Other thing which is clearly evident is that he has decided to give the new shares to his old to time friend. This old time friend he know from his birth and we shall know now.

This old time friend’s name is
is is Hold youuur brreeaath is is
SURESH KUMAR REDDY. YES HE HAS ALLOTTED ALL TO HIMSELF USING XYZ AS PROXY .

The owner will do this only when he knows the value here is too too high.

What he is going to do is a small little plan within many of his plans which goes like this

He will first allot to his trustworthy friend ANNA TAMBI at 10 only to purchase it back within no time at 12 making his friend a cool amount for the trustworthiness shown .

SKR will get back all of the allotment from his friend in one or two block deals at 12-13.

The promoter tries and increases his holding only when he knows the price of his shares is bound to increase due to developments which are to follow.

This guy will not give such a moolah to anybody else not even to his friend.

Let this new stock go in SKR KITTY . We are happy about it and we know this for sure.

After this happens the next phase of the plan will take shape. Let’s keep it till then.

Slow unravelling of mystery is always interesting for everybody.

Cheers.

[Sobha]

Shoumikji,
If the plan is to transfer back the shares at 12 – 13 or below 15, its meaning is that, for next more than 6 months the share is bound to be below 15. Are you thinking in that way?

[108BULLGURU]

I think we all need to stop wasting our ebnergy on unnecessary thinking on issues that may or may not exist.
Need is to focus on what matters in the big picture stuff and that is some action on lot of things that this management has been promising since mid year last year
and during the last conference call. It will be a good idea to send emails to SKR AND to investors relations on these issues why they are taking so long and why and when they will be settled.
Here is the link to most important up date. NO ACTION IT SO FAR INFORMED TO INVESTORS.It was dated 14 th June. So 7 months gone and we were told 4-5 months all will be done. what the fu c k is going on. Can some one hold this man responsible for telling all the fibs for ages..

https://www.bseindia.com/xml-data/corpfiling/AttachHis/4480dd47-16e4-47cd-82d5-3dece6d019fb.pdf
Question Regarding Big 4 audit firm
1. The company is working on consolidating
foreign subsidiaries for simplicity of
operational management and reporting.
2. We intend to bring in a big 4 firm to audit
these entities.
3. We have engaged a consulting firm to help
with this restructuring effort. The process may
take 4-5 months to complete.
Promoter/Shareholder Buying of the Stock
1. Some Shareholders, Investors and the
Promoters have expressed interest in applying
for additional shares and the company is
putting together certain alternatives on how to
accomplish that.
2. We will share the details after the board
review.

Update Regarding the Loans with Indian Banks.
1. 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.
2.We reached an OTS with Axis Bank to settle all
outstanding debt, of which we have paid significant
portion and an amount of about Rs 11 crores is pending.
Questions Regarding Settlement with Daum
1. We have received number of queries regarding the
status of settlement.
2.Since the settlement agreement is yet to be signed, the
other party refuses to acknowledge the status and hence
we were unable to share the status.
3.Given that situation, we can only make an unvalidated
claim that we have arrived at a mutually agreeable
settlement amount.
IT WILL BE A GOOD IDEA TO CHECK WHAT ARE THE OPTIONS UNDER SUCH CIRCUMSTANCES FOR SHAREHOLDERS TO TAKE ACTION AGAINST THE MANAGEMENT/COMPANY.

[sateanna]

Agreed BG, need to push the management more towards keeping their promises…rest will be left to market to do what it wants with BCG. For that only way is to ask the above questions in the concall, write to investor relations & raise the same in the AGM etc…nothing else we can do.

[Shoumik]

Good morning friends.

At the moment the price is really NOT IMPORTANT for the biggies. They want as much stock as EASILY possible without disturbing the price very much.

When they get a sufficient quantity ie AS MUCH AS POSSIBLE which they would like focus first before thinking on the PRICE front.

The initial stories were WOVEN to bring the price down , the additional boring stories were built to sustain the stock at these low level and now the third part the most EXCITING part of the long upward journey has just begun.

The last SUITCASE PACKING or the last LOADING UP OF THE SKR GODOWN has started before the jacking up of prices happen through last part of story telling were everything will fall in place.

The BCG’s stock market story is all built up. However the REAL STORY ABOUT BCG’s BUSINESS OVER THE YEARS HAVE BEEN ABSOLUTELY WONDERFUL. THANK LORD FOR THAT.

JUST LIKE SKR we should NOT WORRY about the PRICE that much at the moment. The prices are bound to improve greatly when it catches up with the value BCG possesses.

SKR HIMSELF WILL WORRY ABOUT THE PRICE WHEN HE HAS HIS LAST LOADING UP COMPLETE AND WILL HARDLY TAKE ANY TIME.

Cheer.

[108BULLGURU]

It is not selling at 50-100 PE b because ofwrong decisions by management, a cash burn out of 1000 crores or so during last 5 years in different forms like lycos life,YBRANT digital buy out and subsequent write offs, and then Daum/Lycos with indirect losses to shareholders in tens of thousands of crores of losses in lower market cap.
Still not late. Management got to stop mucking around and deliver on the promises in coming 2-3 months and we can see 50-100 pe in not very distant future.
Healing got to happen and market will see its real worth very quickly .
Let me be very clear,
SKR made some very stupid decisions and has been a real dud in terms of managing the business as a public limited company.
He may be technically a gr8 guy.
I have no personal knowledge of him .I say it as i see it.
No mucking around.

[Saach]

Dear BullGuru, In principal I agree with you but still fail to understand what could be the reason for not placing High caliber CEO to handle professionally the management of group by SKR and to concentrate on technical part of his expertise field! Your views on this point, please!
I recollect one of his interviews with Prashant Anchor on NDTVProfit channel, confessing that marketing is not his cup of tea and he admitted that he was not in position to understand stock market to place the share in the right slot/valuation of its worth.

[108BULLGURU]

Without knowing him personally i made the same observation about him 7-8 months ago and that was very strongly conveyed….
It appears after that some corrective action is in the pipeline like consolidation ,auditors etc etc and a bit cautious approach re AI AMD ML.
Issues are very clear and value to the extent of tens of thousands of crores in terms of market cap has been destroyed.
Some people find it very hard to take advice and leave control.
You cant run a 2500 crore revenue organisation without a master mind group.Hard to say too much from outside.
Disastrous effects are clearly visible from outside.
A simple marketing man would have told them the outcome of their wrist band from Lycos life.

[Odysee]

Saach and 108BG, It may not be fair to imply that the current management team is not hugely competent and capable. The past management decisions that caused so much distress were presumably driven by SKR and VK. I am sure that SKR has learnt from past mistakes and his current management team may well be buttressed with some more professionals as they expand, with emphasis on general management and not only outstanding technocrats. Every successful company has likely made many errors in their journey to greatness, and evolution of the Management Team is an ongoing process. I agree that the image of the company was tarnished and it’s possible that best practices suited to a public listed company were not pursued. But as we were told in Nov 2019,the Group is now at an inflection point, and prospects are promising. BCG has a book value ( comprised of actual accumulated operating net profits ) of Rs 63 (thereabouts) per share of Rs 2 face value. That is no mean achievement.

[108BULLGURU]

“BCG has a book value ( comprised of actual accumulated operating net profits ) of Rs 63 (thereabouts) per share of Rs 2 face value. That is no mean achievement.”
Interesting thoughts dear.
Achieving market price of 3 rupee for 63 BV is also not a mean achievement.

[Odysee]

Touché, 108BG. That is a fact that cannot be disputed and has caused years of angst and frustration for all of us. We can only hope that the market sentiment will change dramatically in the months to come. Regards.

[jmathew]

Dear All,
Please find below my views about BCG
1.BCG share will be trading above rs 10 once PO is issued
2. If we hear any news about daum closer and pledge share release then non stop uc up to minimum book value. Expected time frame 3 months from here.
3. Full year audited result with B4 and full year eps of rs 10 then non stop uc upto rs 250 to 300.
4. By dec 2020 bcg will be trading above rs 400

[Author]

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