General Discussion

Viewing 20 posts - 4,661 through 4,680 (of 4,814 total)
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  • #14188
    allenasrini
    Registered Boarder

    Brightspot Your view probably explains why no one is taking up those jobs. It is hard to believe
    that SKR could not find suitable persons for these jobs. In last 8 years I was never doubtful about BCG.SKR not addressing things which are under his control does not leave a good feeling.

    #14191
    hw_tw
    Registered Boarder

    Its been 2.5 months since CFO’s exit and I am sure company would be aware of the exit a good 2 months before. In total a good 4.5 months time has passed by in finding a replacement… And a good 8+ months for a CS … This is quite a good amount of time to find a replacement

    I am not sure how much it is pinching thier day to day operations but for investors it is like pinching, punching and burning … even the long termers will be losing hope with each passing day

    #14192
    Brightspot
    Registered Boarder

    hw_tw, SKR is not going to appoint any CS or CFO, they are helping him from outside but not willing to join company so you can understand the situation here,As promised in the con call there is no revised SHP, not sure what was the purpose of creating employee Trust for acquiring shares , if you can not acquire now at this difficult time when u r going to do it? ..promoter sold 22lakh SKR dont even properly how much it is and they dont even bothered to inform to exchanges until now..now long term investors should contact Zee business and put pressure on him

    #14195
    sac6310
    Registered Boarder

    still remember the golden statement on reason for issuing bonus issue . “Retailers are not able to afford rs200 price of BCG, so issuing bonus to make it affordable.”

    #14196
    Brightspot
    Registered Boarder

    Still remember those gloden words “Because of covid we are unable to settle Daum, as we need to personally meet Daum team and settle “, now again you need to wait for 2 quarters for daum closure

    #14197
    Brightspot
    Registered Boarder

    Still remember those golden words “we are hiring more people in investors relation to improve the response” and now our system is not equipped to take 3 lakh emails we will bring in system within a week to reduce the response time, now no one respond to your email no one there to pick up your call

    #14198
    sac6310
    Registered Boarder

    still remember the golden statemen that we had shorlisted few CFO candidate and will appoint at max by april end

    #14199
    Raveendra
    Registered Boarder

    I am expecting things will sort out by December quarter results time.

    By then the shares will be grabbed by FIIs to the needed extent at lower prices.

    To increase the price and to clean the corporate governance issues one by one , they will settle daum issue during that time.

    SHP , FA , audio company acquisition will clear in the due course.

    #14200
    Brightspot
    Registered Boarder

    shankar sharma is live on CNBC at 2.30PM hope someone ask about brightcom and he talk something positive about it

    3+
    #14201
    Logan
    Registered Boarder

    Market sentiment is negative because of the lazy/careless attitude of the management. Delaying bonus shares, CFO, CS appointment is making the market to lose trust on the management and also there were negative articles about the company. This second bonus may have helped the company to get money from FPIs sooner but it’s impact has been worse. Normally people would’ve sold bonus shares but because of the overall negative sentiment (market and company specific) the selling pressure is more.

    In these tough times when every stock is falling, the market expects companies to be more active in communication. Since the due diligence of the audio ad company is completed they should reveal the name of the target company. Some of the companies that fit the description provided by BCG are Audacy, Cumulus Streaming, Beasley Broadcast Group, TuneIn, iHeartRadio, Sirius XM, AccuRadio, Salem Media Group, MediaCo Holding etc. Few of these companies also hold radio assets so I just looked at these. If I have to check all the integrated digital platform companies then it’ll be a very long list.

    They are using the services of no.1 M&A advisors (Houlihan Lokey) and for financial due diligence they used EY’s services so they are serious about it.

    #14202
    Investor_2022
    Registered Boarder

    Dear Logan, I guess they will disclose the name of Audio company in next month.

    5+
    #14203
    Logan
    Registered Boarder

    I also want to point out that BCG may buy only the audio assets of the target company and not the whole company. The overall revenue and/or the market cap of the target company will be more. Some of the companies mentioned in my previous post have revenues and market caps in excess of billion dollars. Also BCG may acquire assets of a company that is not mentioned in my previous post. It’s all guesses now and we’ll have to wait for the official communication from the company.

    #14204
    odysee
    Registered Boarder

    My comments-🤐
    I could add to what @Logan has articulated but it would be pointless as Mr Reddy and the management appear to be working in a different zone to ours, and responding to shareholders’ valid concerns is not in their realm of immediate or quick redressal.
    The art of savvy communication is not one that they wish to excel in. At least not at this point of time when it is most required.

    #14205
    Brightspot
    Registered Boarder

    I’m wondering if preferential shares allotted at 7.7 rs came out of lockin period, can anyone confirm?

    2+
    #14206
    radhutheoptimist
    Registered Boarder

    At least they can do simple things like announcing record date for dividend or buying shares for employee trust. Such actions may slow down the fall to some extent. Market may not be under his control. However proper communication to the retail is within his control. Looks like Skr is in bigger mess due to unannounced stock sale or media mint purchase. He does have a special talent to create a storm with spoon full of water. Right from Axis bank case, Daum issue, 5 paisa dividend payment delay, cs cfo appointment to latest bonus delay…. messed up simple things. Looks like till he acquire 50% these thorns won’t go away. Pity those retail guys who bought at 150+.

    The only positive thing I see now is…. a futuristic debt free company is available at less than 7 PE. This itself is enough for me to hold and buy more.

    8+
    #14207
    Brightspot
    Registered Boarder

    In the month of August (lockin till august 30) we might see major sell off because those preferential shares (allotted to 54 non promoters) going to be out of lockin period ..so I believe this is the planned selloff now to avoid huge sellof in the august..there is no block deals today, so we might need to wait till 3-4 Lcs for reversal looking at the sell order..this is just my view

    2+
    #14208
    kiran
    Registered Boarder

    Hi,

    If we accept that promotoer have sold their holdings in crores , this is not visible in deliverery percentage data from 25 Jan 2022 till 31 Mar 2022. attaching NSE delivery data . For BSE , i cant find traded data and delivery volume on BSE site. If can anyone volunteer for BSE , then is could give solid conclusion abour SHP ?

    2. Have they transferred in some SPV or any gift or trust or off market deal or pledging to invoker ?

    #14216
    akkithegrt
    Registered Boarder

    Guys we have to see the pattern of buying and selling.After going through ,we get to know hat FII’S are the buyer and retailers are sellers and traders are the one who are buying the remaining float and dumping at lower circuit to take the price down.Very soon reversal will be on cards.

    Next things i respect all you senior boarders,but according to me SKR is closing step by step all points,whay aren’t mutual funds and FII’S ain’t buying,now see the major buyer are the institutions.

    Next point if FA IS GOING ON AND FII’S are buying,this means FII’S OR MUTUAL FUND know the complete picture of BCG,be it FA or be it the financials.

    Regarding SHP please don’t judge now,the picture will be clear very soon.

    Guys before blaming understand one thing,SKR has bought almost 100 plUs institutions,and after that also are we saying that ,because CS and CFO aren’t hired,FA will have negative findings (as SKR is delaying things),the answer according can be decoded by FII’S buying.

    If 100 plus institution have bought that means they know that there is nothing in FA.

    And for those who thing that FII’S ARE BUYING BECAUSE SKR is showing some cooked financials,are absolutely speaking rubbish.

    Are 100 plus FII’S not doing their homework before buying,or hey buying just because SKR is saying to buy.Its upto us how to decode things.

    My perspective is that SKR is moving in right direction by increasing FII’s stake and decreasing retailers stake.its ,Just that we have to give him time.

    GUYS IT BECAUSE OF THIS ORUM I BOUGHT BCG THAT TOO IN HUGE QTY AND WILL NOT SELL ATLEAST TILL 2025

    #14217
    Logan
    Registered Boarder

    @akkithegrt, some of the FIIs that are investing are passive ones and they follow a particular index and if any stock/company is added to that index they’ll buy that stock and if it is removed from that index then they’ll stop investing. Passive funds don’t follow the fundamentals regularly like active funds do. Sometimes if a company’s business is not performing well then they’ll remove it from the index and sometimes if the stock doesn’t perform well also they’ll remove from the index. With BCG the good thing is the business is performing well but not the stock.

    The reason the stock is not performing well is because of many reasons but the main reason is because of delay in crediting bonus shares. Even after FA crash when Mr.Shankar Sharma converted his warrants to shares (and also said there was nothing wrong in doing impairment), the stock went from 60 something to 100+ (which is 160+ pre bonus) and then later even when there was SHP confusion it didn’t crash immediately because the CEO increased his stake in the company but all the problems started when they delayed crediting bonus shares.

    Had they credited within time then we wouldn’t have seen this much negativity and pressure. The reason they delayed bonus is because there was no CS who would’ve handled it better than how it was handled. Delaying by a week or two or max 30 days people wouldn’t have minded but they delayed it by more than 2 months. People thought that the management is not serious or trustworthy so the pressure is more.

    I think business wise no shareholder has any concern but the concern has always been with the communication. We have to wait till conference call to get any clarity. Even in conference calls max 1k people will attend and it will not reach every investor. They should start looking at improving investor relations ASAP. It’s either the communication will be very good or it’ll be very bad. They’ll have to find a middle ground. We don’t want sprint race or other speed races and we’ll be okay with a marathon. We want stability in prices and the management should look at that.

    #14218
    Brightspot
    Registered Boarder

    Logon thank you very much for wonderful analysis in this forum, however today I realized that this share performance is in the hand of operator network, whenever they want they can bring this scrip to UC and LC visa-versa, we are in the mercy of Operators. Todays large deals will give you some insight how powerful they are.there is no of use of any analysis (good or Bad) you guys provide in this forum, even SKR wont need any help from retailers as he was able to hook big guys even though he praise retail investors in conference call . He is able collect the funds necessary for his acquisition..so basically he wont care for any of our emails or calls..FA is nothing.. suzlon FA is going on for more than year so its left to organization to provide the outcome of FA ..its not mandatory for any companies to provide outcome to public..I believe bull run will start shortly once the operators snatch maximum possible shares from retailers..i dont think those FIIs or Shankar sharma will exit in losses..This is my Last comment in this forum thank you very much Admin for opportunity to express myself..no doubt this share will surpass previous high but dont forget book profit in regular interval..good luck to all

Viewing 20 posts - 4,661 through 4,680 (of 4,814 total)
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