February 16, 2021 at 8:31 pm #10938PBBRegistered Boarder
Sending mail to ir@br.. has helped me in getting my dividend2+February 16, 2021 at 9:37 pm #10939
All those fake profiles who were active and spreading negativity on the BCG counter in the moneycontrol board are being removed.8+February 16, 2021 at 10:12 pm #10943diamond_2017Registered BoarderFebruary 16, 2021 at 10:52 pm #10951akv84Registered Boarder
I sent email to the IR email ID on Sunday for not receiving dividends in two of my accounts. Received the dividend today in one of them (with higher # shares) from LIL Projects Pvt Ltd. Hope they credit in other account also without more follow ups. One of my relative has few shares in his account. we are planning to wait and see if the management credits the dividend for this account without any follow up.
For almost all of us, this will be the first time in history that we are forced to follow-up with IR to get dividend. Stock is equally tempting on one side with their growing businesses and irritating on the other side with their corporate governance. Its our hope and patience for a bright future that we all are still hanging on here.
BCG is giving us all a lot of new experiences on-the-go and indirectly helping us learn the most important attitude required in stock market – “patience”. I dont think anyone who are invested here for last 3-5 years will forget this stock in their life due to the range of experiences we are going through.February 16, 2021 at 11:18 pm #10948AshishRegistered BoarderFebruary 16, 2021 at 11:40 pm #10953BrightVenusRegistered Boarder
I sent email to firstname.lastname@example.org
With my DP id and client id.But not credited my dividend till now.1+February 16, 2021 at 11:57 pm #10954akv84Registered Boarder
My thoughts on how the events would unfold in next few months/years in a logical order (maybe I am too optimistic and positive here)
1) exchanges declare approval of PW
2) Axis officials approve the payment plan and BCG closes the loan/follow payment plan
3) 25% of PW money comes to BCG and they settle Daum case
4) BCG declare that formation of US entity resumed and completed after few weeks
5) BCG declare that LOC is approved for the US entity (who owns most of the receivables)
6) Faster growth Q-on-Q with LOC money
7) Balance PW money goes to strategic acquisitions to enhance capabilities (SKR is a proven expert here)
7) With all above positive news, stock price goes up, PE crosses 5-10.
8) Market starts noticing BCG; investor meets, presentations, etc. goes in full swing. MFs and FIIs start taking stake creating an option for 59 newly added investors to leave with huge profits.
9) Buybacks, dividends, timely positive news, etc. keeps the stock price growth momentum
9) Strategic investor onboards (like PE firms) absorbing a huge chunk of floating shares from the 59 new investors or from market. They will bring back all required authenticity and credibility that BCG lost in last few years. business growth continues.
10) US entity grows stronger and poplar creating the ideal time for listing the entity in NYSE.
Real growth starts from there… I believe all these can happen in next 2-3 years or even earlier.
Lot of us complain about poor governance of management. Same was the case in Tanla also b/w 2104 and 2019… Udaykumar Reddy has been questioned and insulted left and right in MMB for starting Singapore Hub, having Vodafone as the single biggest customer, high depreciation shown in books, etc…. but look how its today… things changed when Tanla announced the acquisition of Karix Mobile and Blackstone came on board (Blackstone had 20%+ stake in Karix). Series of developments afterwards like Trubloq success, partnership with Microsoft, US investment firms taking stake, promotors increasing stake, etc. took Tanla to greater heights.
I dont think SKR is fool enough to let BCG hang in low single digits and join hands with operators to make some personal money. He might be having larger plans/agenda which cannot be shared openly unless they are confident to make it happen. I believe SKR and team is doing a lot of these financial stuff under cover, keeping the business growth flat, not releasing positive news, etc. to show the external world (particulary Daum) that “you cant expect anything more from us”. imagine a situation where BCG is showing high growth, payment of dividends, US entity, LOC money, etc. what is the surety that Daum will not initiate another case to try getting more from BCG? SKR and team will loose another 5 years fighting the same in international courts. instead of that, its better to keep this things undercover and wait till settling Daum. I expect a lot of the above mentioned positive news to come out once Daum is settled. unfortunately, SKE cannot take funds from their regular operations to settle Daum as this will affect the business and leads to loss of market share, reduction in business, etc. which becomes fundamental issues that go out of control.
Only issue now for all of us is that stock price is not where it has to be. but SKR will be confident that the price will come to its true value when all these issues settle even though that take few more months. SKR and team will be making many times more money through this long term growth than what they get by playing with operators. so i still dont believe he is part of the backend game by operators. Like how we experienced in Tanla, we might be entering a new phase of BCG in coming months which will last for the next decade and make all of us wiser and richer.
NB: All are my personal views and happy to hear other’s thoughts.February 17, 2021 at 3:03 am #10956explorerRegistered Boarder
@logan I sent an email with my DP ID asking about the status of the dividend for which they responded asking my bank details. I gave them the details and the money was credited yesterday.
I have an NRO account.2+February 17, 2021 at 8:04 am #10957AshishRegistered BoarderFebruary 17, 2021 at 9:13 am #10958
BCG should also open subsidiaries in China like TTD did because China is a rapidly growing market for the past several years and it will grow further for many more years in the foreseeable future and now with 5G mobile technology coming soon in full scale growth for Adtech companies will be huge so the early birds will get to capture huge market share in the business.5+February 17, 2021 at 1:06 pm #10960drjayseeRegistered Boarder
Dear Friends, I have not yet received the dividend (NRE Ac) and have been informed by BCG IR Team that due to NRE wire transfer (NRO Ac no issues unfortunately I didn’t have NRO Ac), they are facing some issues. Kindly confirm if anyone received dividend on your “NRE Account?”. Thanks.2+February 17, 2021 at 1:19 pm #10961
I don’t know what arrangements BCG has made with WE group. Jacob Nizri and other people didn’t get BCG’s shares so BCG let them start WE group. My guess is that their role is as advisors. They won’t be working on day to day operations but they decide what actions should be taken by the company. Jacob Nizri and others are board members in Brightcom (OMS) and in BCG (parent company), Jacob is in board of advisors list.
I think Brightcom didn’t change the logo because they use that logo/brand for business. If Brightcom were to change the logo then they have to update each and every client about it. That takes time and effort.
I don’t think this should be taken seriously. BCG, the parent company doesn’t use any logo/brand for business. It doesn’t matter what logo they use.
Anyway, we can ask about this in the conference call to get a clear answer.4+February 17, 2021 at 1:21 pm #10962anirudhreddySpectator
@Drjaysee post#10960, due to restrictions by RBI for banks in india who make any transfers othwr than Dividend or certain approved transfers, all other NEFT/RTGS are blocked. since you are receiving it as NEFT through the sending bank, the transfer is being blocked.So you may reach out to company and provide an alternate account number which is local holding account in india, the funds can be transferred in a day or two. This is purely my understanding.3+February 17, 2021 at 1:23 pm #10963anirudhreddySpectator
in addition to my earlier post any NACH/ACH transfers are allowed currently this is how normally how dividends are being paid by companies. Since the dividends are in NEFT mode your NRE account won’t be allowed for credit. Only option is to provide any of your local account details to IR team.1+February 17, 2021 at 3:36 pm #10966drjayseeRegistered Boarder
Dear @anirudhreddy, thank you very much for your clarification. However, I used to get all my divided credits from other firms to my NRE account but somehow the protocol mechanism not set for BCG. I will approach BCG IR Team with alternate India Ac number for Dividend transfer. Thank you2+February 17, 2021 at 5:45 pm #10967February 17, 2021 at 6:55 pm #10969February 17, 2021 at 6:59 pm #10970February 17, 2021 at 7:20 pm #10971
@Logan thanks to your effort in answering my query.
I am sharing the details from BCG website about the details with regards to conference call to be held on 20th Feb 2021.
Brightcom Group Limited Investor conference call
Start Time: 13:00 Hrs IST (Indian Standard Time)
Conference Type: Dial-in & Dial-out Conference.
At the time of call:
*Dial in through the access number allocated for your region.
*You will be directed to a Registration room. An agent will welcome and verify your registration details.
*Then you will be transferred to the Main call.
INDIA ACCESS NUMBERS
Access Number 1
1800 121 3575
Access Number 2
INTERNATIONAL ACCESS NUMBERS
USA Local Access
+1 212 994 0035, +1 347 899 4169
USA Toll Free
1877 387 0849, 1800 974 0768
UK Local Access
+44 20 3478 5527
UK Toll Free
0800 016 3439 00, 0800 0044 0033
Hong Kong Toll Free
001 800 0044 0033, 001 800 903 171
Singapore Local Access
+65 3158 1878
Singapore Toll Free
001 800 0044 0033, 800 101 1941
Please send your questions to email@example.com to be answered during the conference call.February 17, 2021 at 7:33 pm #10973manas18goelRegistered Boarder
Hey Guys, I am currently in France. I have roaming plan but dont know how to dial Indian number starting with 1800. Any one has any ideas?
In case I am not able to attend, is it possible someone does audio recording of the call?3+
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