General Discussion

Viewing 20 posts - 4,641 through 4,660 (of 4,763 total)
  • Author
    Posts
  • #14159
    vstvm1981
    Registered Boarder

    Hi friends,
    A new presentation on the seasonality of brightcom group’s business has been uploaded in BSE website.
    Please check.

    5+
    #14160
    hw_tw
    Registered Boarder

    Thanks to BCG management for sharing Seasonality nature of the business … Request management to please highlight this factor in all Quarterly Presentations too

    The key takeaway for the investors is that BCG’s numbers needs to be compared on a YoY basis and not on QoQ basis

    The reason being, BCG’s sales is seasonal in nature … It records higher sales during festive times due to high demand arising from advertisers compared to other periods

    We see a similar pattern in other industries like AC, Refrigerator business peaking in Diwali and Summer periods, Tractors during Mansoon, Bata during School opening times etc;

    Even post this update, I still see messages from some experts comparing QoQ sales … looks like some serious agenda against the company πŸ”₯

    In last two weeks we got updates on two pending items, one on Guidance numbers and now on the Seasonality aspect … This is a good sign … Hoping this momentum continues and we get to hear updates on other pending items too πŸ™

    #14161
    Brightspot
    Registered Boarder

    Can anyone confirm if Brightcom excluded from Alpha 50 index, so delay in clarification from management erode market cap day by day

    2+
    #14162
    smitsat
    Registered Boarder

    Niftyindices. Com market data top gainer loser shows BCG right at top in top loser tab. Just checked.

    2+
    #14165
    sac6310
    Registered Boarder

    isn’t strange and fishy that still CS and CFO appointment are pending? CS post is vaccant since last oct and CFO since march even after knowing in advance that fellow will retire in march 22? or none is ready to accept these post in BCG?
    any views of members @logan and all

    5+
    #14166
    Brightspot
    Registered Boarder

    And the response given in the conf call by Mr reddy for appointment of CS and CFO is so vague..so i believe there is no appointment of CFO or CS, its like” Daum issue closure within week” since 1 year, LOC and Nasdaq listing lol ..now also investors relation do not pick up call or reply to your email, excuse given few weeks back was high volume of call email due to bonus credit delay

    4+
    #14168
    hw_tw
    Registered Boarder

    @sac6310 – Sorry for the delay… lot of technical issues with the MCA site and I am still not able to access it properly

    Coming on to the March 21 SHP file which was uploaded as March 22, I did a comparison of the actual holdings of the promoters in this file with the ones uploaded to exchanges … these are my findings and observations… Please correct me if I am wrong

    Looks like Promoters holding was actually low last year March 21 itself … Not sure when they had reduced it and whether it was in 2021 or even before that

    When we look at the file, the Promoters actually had only 3.57 Cr shares in total as on March 2021 … note this was pre first bonus

    Post bonus this number is 4.47 crores

    In percentage terms this is around 7.05% in March 21 and in March 22 this is 3.69% which is near to 3.59% as stated in April 5th SHP post LLPs acquisition

    Assuming the above calculations are true and MCA figures are the correct ones these are my observations

    Negatives
    – Promoters stake was reduced long back
    – Exchanges were not informed before

    Positives
    – Given the fact that BCG share price was below 10 rupees this doesn’t look like the case of Promoters selling stake to make huge πŸ’° of 1900 odd crores

    – Stake was sold long back and not sold now because of ongoing FA

    – Promoters are increasing stake now by acquiring LLPs

    Overall I see this is positive keeping aside the past

    btw, this also confirms the statement made by SKR
    – Not sold any shares in last 12 months (MCA file confirms that)

    #14169
    hw_tw
    Registered Boarder

    Sharing a comparison sheet

    – Column D is SHP uploaded to MCA
    – Column F has the bonus shares added

    Notes
    – VK seems to have sold around 22.75 lakhs … this number seems higher than what SKR mentioned
    – SKR has not sold any shares
    – 7.05% as on March 21
    – 3.69% as on March 22 post bonus and PW Shares addition

    4+
    #14173
    sac6310
    Registered Boarder

    @hw_tw thanks for your post.
    so as per MCA SHP, promoter holdings were already very low at end of march 21 and clearly very much different from what released to exchanges, am i right? if true, then we shareholders are kept in dark since long by management and nothing can justify this poorest act of corporeate goveranance.

    4+
    #14174
    Logan
    Registered Boarder

    This is very bad corporate governance by the management/promoters. All the hard work done by them will be of no use if they don’t change their attitude. Last year there was a mismatch in MCA SHP and the SHP data available in exchanges because of pledged shares but if that was calculated properly then there was no mismatch.

    5+
    #14176
    hw_tw
    Registered Boarder

    At this stage we are trying to make interpretations from what’s available in public domain… Not sure if we are totally or partially right in our findings or not

    For example, we don’t know whether he had really sold shares or was showing shares owned under different accounts or by his associates as his own (assuming he will eventually own them somehow without informing exchanges) or it’s some other case

    Things will get clear only when we get direct answers from the management … probably a special conf. call updating shareholders on what really had happened and taking subsequent questions from them or the event of increasing stake in one more LLP and taking stake above previous levels thus reassuring investors about their continued commitment

    Given the benefit of doubt, the way I look at it is to take both positives and negatives from it and weigh them

    In this case negatives are linked to the past event and positives are linked to the future and is getting more weightage from me … especially that this event is not linked to FA and the percentage is actually increasing and not decreasing

    #14179
    kiranj
    Registered Boarder

    Fund houses have shown more interest in Brighcom group in the month of May’22. Total 2.24% of shares owned by them till May 31st. Vanguard being the top.

    3+
    #14180
    sac6310
    Registered Boarder

    @logan @hw_tw

    mismatch is not only in pledged shares, mismatch is there in total promoter holdings too.

    1+
    #14181
    JackSparrow13
    Registered Boarder

    I really feel amazed by the promoters confidence. They run an amazing business, have single digit share holding, and are fully confident no will do a hostile takeover.

    #14182
    Logan
    Registered Boarder

    @sac6310, that’s what I meant, last year (FY) there was confusion because of pledged shares but this time that confusion is not there.

    They themselves are spoiling their name and reputation. They should disclose each and every transaction. They messed up bonus issuance, SHP etc. I don’t know who’s giving advice to them on these things.

    Now that FPIs, Mr.Sharma and MediaMint people have shares, these people should at least make the management people to change their attitude.

    #14183
    hw_tw
    Registered Boarder

    During the LLCs acquisition, some people in MMB were talking about a new system which would come into effect soon …I gy this new system will record all the transactions are automatically and there is no explicit need to inform the exchanges

    So if there are any new transactions we wouldn’t come to to know anything till the end of quarter 🀦

    And I guess this doesn’t replace the manual upload of quarter end consolidated SHP document… hope the exchanges strengthen this system further with mechanism to validate what is been reported is correct or not

    Also this system would apply to market related transactions and any offline or indirect ones like the LLPs acquisition needs to be reported explicitly

    4+
    #14184
    hw_tw
    Registered Boarder

    @JackSparrow13 – please refer to my earlier post #13853

    Hostile takeover angle still seem to be playing a role somewhere behind all these events… at that time I was thinking HT by acquiring LLPs … but it looks like the whole PW seems to be created to protect from any HT as the promoters stake was low and the company suddenly saw a big change in business due to Pandemic

    Looks like things are in right track as the promoters has got reasonable and probably a comfortable stake atleast as per them

    With the price falling down and business growing healthy, probably they might be looking to add some more and increase it

    #14185
    JackSparrow13
    Registered Boarder

    I would like to commend the optimism and maturity with which @hw_tw has moderated the discussion since yesterday. Thank you.

    4+
    #14186
    nitin_asce
    Registered Boarder

    @hw_tw I agree with your response.
    Even biggies like reliance jio, airtel etc will be coming in adtech industry in next few years. Sign IPL digital rights sold for record levels.

    My take is SKR will never tell us the real truth. So we need to make an opinion on circumstantial evidence.
    – SKR acquiring LLC to shore up his take can be taken as +ve sign. I always wondered he is so sharp and why he gave so much equity at low value. Some jugglers has been done to shore up stake.
    – CS resigning. My take is Manohar resigned since he had to file notifications for such transactions. Now promoter can easily blame CS was not there and hence missed. Other thing is if Manohar took other job, how he is still helping brightcom. So he is still working for bcg at some other post but not as CS.
    – good thing business is growing. Once it reaches 1-1.5 billion usd. The companh will be too big to fail.

    Given all these circumstances and summarizing +ves growth in revenue, increase in dividend, growth from mediamint/audio, promoter acquiring LLp etc.
    Tech companies in us have also fallen 70-80% normally.

    So I think we should not worry about noise and wait till market recovers.
    Personally i am cautiously optimistic on bcg.

    #14187
    Brightspot
    Registered Boarder

    I believe CS and CFO scared after sebi initiated forensic audit, CS resigned in OCT wherein he got sebi notice in September, CFO resigned after FA process is confirmed by Sebi..Sebi will put heavy fine to CS if there is a lapse in disclosure , suzlon CS had to pay 5 lakh fine for not disclosing order win..they dance to SKR tune but any more after FA initiated..SKR seems to be more worried investors panic would start if they disclose such things ,
    note: this is just my view

    5+
Viewing 20 posts - 4,641 through 4,660 (of 4,763 total)
  • You must be logged in to reply to this topic.