[drjaysee]

Dear @Logan, Sorry, I have already deleted my message and I didn’t expect this kind of negative impact from my “shared message” and really don’t want to spoil/liquidate/deviate the genuine technical & in-depth discussions at this professional forum. I have great respect to one and all who have present in this forum and want to continue enjoy by reading all expert’s insights about BCG. Anticipating the bright show of BCG’s real potential in the coming days which may not too far from now…Thank you

[explorer]

For those who say “take the advise or leave it” – what’s the difference between mmb and this forum? When this forum was started, I found it useful because we were discussing about the company, its performance, results, issues etc. Now it has become management’s main channel of communication. Not very far before people start distrusting this forum.

[explorer]

^** take the info or leave it

[Sobha]

@explorer, please avoid blames against others. Anybody can charge against anybody else with such blames. But many times whoever are unnecessarily criticised are genuine investors and with some good information.

Somebody can criticize you also…. as if.. you want to prevent a genuine information as you have vested interest. You can be charged with agent of management or agent of operator. It is not difficult to find a partial logic for that.
Please keep away from such things.
The forum has helped retail investors like me very much. I am thankful to the admin as well as other friends who were providing genuine information and analysis.

Any form can be utilised by anybody depending on their capacity. Everybody has to be vigilant on that. But making bad comments upon others will not help.

[radhutheoptimist]

As long as promotors are not transparent of their activities they don’t deserve any respect. If someone says they received personal message to clarify certain issues we retail investors need to take it with pinch of salt. It may not be the fault of the person who posted the clarification but it could be some other game played by the management. I still trust the books of BCG as I feel it is not easy to fool the authoroties so blatantly for such a long time. But kind of fed up with the on going game in the market. Hope this ends soon.

[explorer]

@sobha my main concern is that the management has shared some information to some investors and I’m not sure how reliable that they are. For example, it has shared EY audit results to the investors who went to the office. I live abroad and I can’t afford to visit the company in person. Am I less privileged then? EY audit report will be a crucial info for an investor to make decision. Is it not like sharing an insider information to certain people? This kind of attitude from the management is what drives the investors away and we are happy encouraging that because we believe we are getting some benefits. If you are happy with the management sharing info to selected people, then don’t complain if the management doesn’t share the dividend info with you. Maybe they would have shared that with the selected individuals and you are not privileged enough to know that.

[explorer]

Sharing any information to the selected individuals about the company that’s not on the public domain and that will influence an investor to make buy/sell decision is nothing but sharing insider information. Some members in the forum had that insider information when the Hyderabad team met the management and you all hailed the team. Not all 40k investors know about this forum and the ones who are not in this forums don’t have the insider information. Similarly now we don’t know about the dividend status and I’m surprised you guys are complaining about it. Why double standards?

[Sobha]

@explorer, Please don’t aim at person. I am very much critical of promoters and today morning some friend criticised me for terming the management as corrupt.

Having said that there are some other things. In a concall skr told – “EY audited the Israel subsidiary. The papers are in the office and anybody can visit.” Two friends, in different times – Rati and Hitesh certified the claim through the forum after visiting the office.
Skr called everybody. Two friends visited. Whether they should share the information or not? Sharing will help many. But one can doubt also that. Nobody is saying to not doubt or not to be critical. But personally attacking them and questioning their intention so long as somebody is proved misdirecting is not a good thing. That will discourage those who take efforts. On the other hand we should be thankful to the services others are doing. That is all.

[explorer]

If you think we have collective responsibility we should be putting pressure on the management to disclose the needed information through the exchanges and not to the individuals. Can someone quote the messages in this forum even in the conference call? I’m sure the management will refuse that. If that’s the legality why do we confuse the innocent investors?

[explorer]

@sobha If he can share the info in the office why not in the public forum? BTW I’m not aiming at individuals. I’m aiming at all the members who support this approach.

[vgsatwork]

@admin

I tried to post a message about 10 min back and submitted it. But I am not seeing the same?

[vgsatwork]

trying to post it again since my previous post for whatever reason is not showing up

I have tried to go through the updates from BCG to stock exchanges in the past 1 year and made some observations and thought of sharing the same

Date of allotment of Preference share to Muskaan – 27th May 2020
Relevant date for preferential warrants – 27th Nov 2020 (Exactly 6 months after the allotment Muskaan – 26 week time period based on which the PW allotment price is being determined), even though the announcement of board meeting to discuss about preferential warrants was given on 1st Dec and the board meeting happened on 4th Dec. This 27th Nov is being determined as 30 days before the voting closure date of 27th Dec 2020.

It is like precision clock work that some of these events happened on respective days

Another point to note is about Oak Exit. On 27th May when Preference shares were alloted, the SHP (published on 05th June)showed Oak had 3,33,68,913 shares. Exactly 3 months from there (by end of Aug), OAK was fully out. The share price on 27th May was 6.3 and on 31st August (when BCG informed exchanges that OAK has fully exited BCG)was 8.85. The max and min share price in this period were 11.95 and 6.05 respectively. BCG share has NOT been in this price range since Jan 2018 except for a very brief period of 1 or 2 days.

[anand84sharma]

https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a05a530-dceb-406e-a2f4-97193a7c37e8.pdf

[drjaysee]

Dear All, BCG’s circuit revised to 10% from tomorrow. Let’s wait for the rally in connection with today’s Board meeting announcement. Experts, pls share your views. Thank you.

[bhalothia9]

We are investors and not traders, and so these circuit revisions will not change anything for us. If company results are good, business and profit grow, and if dividends given to investors on time, share price will find its right value.

[nitin_asce]

I think we are only 2 weeks away from Connall. At least we can ask questions and let’s see what answer we get from bcg management.

[Remesh]

Nitin, if the warrant approval is pending and issues haven’t been resolved by then, I believe none other than their pre-arranged callers will get the chance. We have already seen the drama in last concall and the virtual AGM.

[Logan]

All these years, whenever there were positive results, the price used to be in LCs. I don’t think the market cares about BCG’s results. Until all the issues are resolved we may not see drastic changes in the stock price. Maybe if the profit doubles the market may give importance to the results but I don’t see that happening until the company gets additional funds.

Like I always say, only recently there’s value recognition by the market (value recognition was there when BCG came to the market but that vanished because of the many issues). All these years many market participants didn’t believe the numbers because of the penny price of the stock. They had this mindset because they gave unnecessary importance to rumours, and conspiracy theories. The actions of the CEO, and the management didn’t do anything to change that perception.

Now there’s a change in perception because people started to compare BCG with “real peers” instead of comparing it with same old IT companies. Affle coming to the market helped BCG somewhat but the interest in tech companies (especially new age companies) helped BCG a lot.

Magnite, Pubmatic, Affle etc have less revenues, and profits than BCG but they are valued many times more than what BCG is valued. There are complaints about Magnite Inc’s corporate governance too and many law firms are trying to file a case against Magnite and they are encouraging investors to file cases. These things haven’t stopped Magnite stock’s rally.

(There are no complaints on Affle and Pubmatic’s corporate governance.)

From now on, everything depends on the actions of the CEO. If he does well then the market will reward the company.

[bhalothia9]

Daum case was ongoing earlier, which dragged share price to very low value, less than 3, but that seems more or less resolved or better say forgotten. Axis loan, not a big issue. However, business and profits are not growing, and that is the main issue now. Even smaller IT companies in India are doing business and growing, however on standalone basis, there’s no growth, no profits. On Consolidated results, it’s good, but business and profits are not growing. Share price represent what people expect the company will do in future, not what it was in past, and when all money earned is consumed back by business and even then business, profit not growing, why would people buy the share?
Anyway, I hope 2021 will be better, and we see company business starts to grow in double digits.

[Diana Horton]

Who is the MARKET?

There have been multiple talks about, Markets doesn’t believe the BCG numbers and so and so forth and thats the reason why the stock price is low and various Hi Fi Explanations has been given for the same. This is a PURE Eye wash mechanism, preached by needy people and dissemination of information by sources and seeded to the retail public.

So, My question is Who is this Market? Its Us. Its we the retailer public. Its not like a Invisible Ghost, which determines the MARKET.

[Author]

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