Tagged: Rgd anomaly in shp ..
August 4, 2021 at 1:15 pm #12291chrisRegistered Boarder
Received an email regarding the videoconference tomorrow for the EGM 11:00 am
Attachments:2+August 4, 2021 at 2:23 pm #12293
Hi Chris, thanks buddy. Thought of buying few thousands tomorrow but will buy right away. Cheers4+August 4, 2021 at 2:45 pm #12294August 5, 2021 at 9:06 am #12296piedpiperRegistered Boarder
How do we join EGM today?2+August 5, 2021 at 10:42 am #12297August 5, 2021 at 10:54 am #12301
Hi vgs, if possible please give an update of the relevant info…if you are logged in and participating. Thanks2+August 5, 2021 at 10:57 am #12302
You can join through the same e-voting website…there will be link to join the live stream of the EGM2+August 5, 2021 at 2:07 pm #12304akkithegrtRegistered Boarder
can anybody throw some light on today’s EGM..!!1+August 5, 2021 at 3:10 pm #12305August 5, 2021 at 3:16 pm #12306akkithegrtRegistered Boarder
ok thanks1+August 5, 2021 at 5:32 pm #12309myainvestRegistered Boarder
EGM call gives me an impression that there are two acquisitions in pipeline. One is for the India based Digital Advertising company, to which LoI was given already. I guess Mr.Suresh didn’t answer Mr.Mayur’s query directly on what is the recent EBITA and revenue of the acquiring Indian company 🙂
And another one was for audio advertising company from US, which he mentioned is in discussion and currently in NY for the same. Debt Free, Bonus, PW shares lock-in period of 12 months – so no immediate increase of shares in market (someone please correct me if I’m wrong), One confirmed India based company (c.1200 employees) acquisition and another audio advertising company acquisition on cards! Future looks definitely good than what is used to look 5-6 years back and no point in discussing about company’s past repeatedly. I also believe we should always continue asking Mr.Suresh on bringing some big stable investors on table as well !! Else it will be difficult going forward when price increases and having few players holding big chunk can do much damage to share price in my viewAugust 5, 2021 at 6:46 pm #12310
What stood out in today’s conference call is clearly the intent from the management- in terms of Action. There was no build up w.r.t communications about LOC/ audio company acquisition in the last month or so, but in today’s EGM, SKR mentioned that he is in newyork to for the acquisition & LOC discussion and he even mentioned that part of his agenda in NY is w.r.t consolidating subsidiaries and getting the consolidated entity listed in NY. So, we can expect a concrete update in the next couple of months. Market would keenly watch to see if there is follow through action from the management in a timely manner and accordingly would start re-rating the stock.
Also, he had hinted clearly that multifold increase in topline and bottom line through a combination of Acquisition and organic growth is very much possible and he is hinting about the same materializing in the next 18+ months.
Another key indicator is that he would be predominantly using cash (Generated from the acquired company) for upcoming acquisitions with a small stock component, indicating equity dilutions may not be much going forward. Digital Marketing Services company that is set to be acquired seems to have much better systems in place and they have addressed the scalability issues associated with back end support – These comments seems to suggest that Stand alone (parent) company along with the acquired company would be the key enabler for volume growth going forward.
Overall, the confidence in his tone and the optimism about the future of BCG was very evident in his tone. If the market sees ground level action, then I am sure it would start getting a good PE multiple.August 8, 2021 at 9:42 pm #12320
Share trading ar 40, if we take bonus share into consideration, the average cost comes to 32.
Shares alloted to FPI is around the same price.
Looks even if operators still bring the price down, it is likely to spring back to cross the year high…
Anyone have a different view, pl share.
Beat wishes to all long term investors5+August 9, 2021 at 9:53 am #12321
Market would wait to get clarity as to FPI’s preferential allotment shares would be eligible for bonus shares (given that ex-date is yet to be announced). If FPI’S get bonus shares, then their effective allotment price is 25.36, upto which the stock can potentially correct before finding support. If FPI’S are not eligible for bonus shares, then current price would be good support level. But, neither the market nor the investors know the ex-date and that is probably what is delaying support/reversal in stock priceAugust 9, 2021 at 7:17 pm #12323BrightspotRegistered Boarder
This is to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 20th August, 2021 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Shares of the Company in proportion of 1:4 i.e., 1 (One) equity share of nominal value Rs.2/- (Rupees Two Only) each for every 4 (Four) equity shares of nominal value of Rs.2/- (Rupees Two Only) each held by Member(s), as approved by the Members through Extraordinary General Meeting (EGM) held on 5th August, 2021.August 9, 2021 at 8:14 pm #12325
Hi vgs, brightspot has updated the record date as 20th… I am sure FPIs will not get bonus shares… simply because as of now they are not alloted the shares. Tomorrow onwards it might stabilize and possibly move forward. Results can be another event to be factored. Best wishes to all long term investorsAugust 9, 2021 at 8:35 pm #12326
Because all these FPI’s are SEBI registered, their due diligence would not take time and even 2 weeks should be sufficient to get the exchange approvals. Given that EGM approval of FPI was done on 5th, it is safe to assume that the company would have applied for approval from stock exchanges on that day itself. Now 4 days after the EGM they have announced the record date as 20th Aug 2021, which is 2 weeks from EGM date, my sense is that BCG has got feelers that the exchange approvals are expected well within 20th August and on 20th August if they allot the shares to preferential allottees, all of them would be eligible for bonus shares.
If you think about it, unless this was not factored in (that FPI’s would not be allotted bonus share), the entire time table in terms of date of announcement of preferential allotment to date of EGM to record date of bonus need not be lined up for this possibility.
Hence it is safe to assume that preferential allottees would get bonus share and that their effective allotment price would be 25.36/-. If market senses that it bent over backwards to accommodate preferential allottees to be eligible for getting bonus shares, the benchmark support price for the share would be around 25-26/- and not the current market price since it would be seen as BCG trying hard to please the preferential allottees.August 9, 2021 at 9:04 pm #12327
@vgsatwork – Given that the new acquisition will be paid 20% in equity, what’s your view on these things
– will it be a fresh equity issued or ESOPs issued right away or ESOPs issued on yearly basis based on performance targets achieved
– do we assume this event is also lined up before 20th so that the management of the acquired company also gets bonus sharesAugust 9, 2021 at 9:12 pm #12328odyseeRegistered Boarder
@vgsatwork, from 56 to 26 would be a cruel turn of events for the retail investor, particularly for one who has waited for 6 to 7 years to get justice on market recognition and valuation.
The opportunity to sell around 50 was possibly lost because of fanciful short term targets being proclaimed on various investor group chats.
But the market, as mentioned earlier, is unforgiving and ruthless.
And the operator or operators will exploit the loss of momentum and sentiment to the fullest.
I expected better support from the promoter group and the larger stakeholders.
But the longer term prospects for BCG are still very encouraging, and if the implementation of various key objectives as outlined is done in a timely manner, then patience will be well rewarded.August 9, 2021 at 9:21 pm #12329
Dear vgs, many thanks for your informative analysis, also your thoughts on hw tw queries …..1+
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