General Discussion

Viewing 20 posts - 4,921 through 4,940 (of 4,960 total)
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  • #22356
    smitsat
    Registered Boarder

    Rules, 1995- Adjudication
    u/s 15A(b) and/or 15HB

    Attachments:
    #23435
    ved
    Registered Boarder

    Hi @Rathi_b, Are you meeting Suresh garu this weekend?

    #23609
    Brightspot
    Registered Boarder

    See NSE notification: The Exchange has been seeking various clarifications from Brightcom Group Limited (‘Company’) against a complaint from investor and response received from Company was unsatisfactory and incomplete. On the basis of aforesaid, the Company is required to provide satisfactory and complete response. The response from the Company is awaited

    9+
    #24342
    Brightspot
    Registered Boarder

    @Rathi_b, are you able to meet SKR?

    6+
    #24376
    Rathi_b
    Registered Boarder

    Thank you all for bearing with us, we had to move our meeting with SKR to today as he was travelling internationally last week and we have had a long chat concerning many of us investor concerns, we have left the premises with a feeling of confidence that Brightcom is dealing with all the aspects in the most effective way it can.
    It was pleasing to see all the new hires in the office. And SKR is very optimistic about the business right now and the growth prospects it throws up in future.

    #24406
    Brightspot
    Registered Boarder

    @Rathi_b thanks much for taking time to meet SKR and update here, would you mind providing detail information what was discussed ?

    #24408
    vkhare789
    Registered Boarder

    Hi Rathi,

    Thanks for meeting SKR on behalf of investors. Were you able to discuss on issues like FA, Daum and promoter shareholding? Is there an update?

    #24409
    Rathi_b
    Registered Boarder

    Yes we had discussed about those aspects and we were informed that they are at various stages of getting solved. The company is making efforts to get all its issues with the market regulator sorted.SKR has assured us that daum and audio acquisition will also be completed.

    #24410
    sac6310
    Registered Boarder

    @rathi_b thanks for your effort. SKR never said that he will not do daum, audio etc.. but taking indefinite time to sort out these. has he given any timeline to sort these out?

    #24411
    lycos.rags.to.riches
    Registered Boarder

    @rathi_b thanks for your effort. SKR has confirmed the mentioned points in the concall as well that company is taking all efforts to solve the pending issues and business growth is on track.
    Do we have any timelines from SKR on when will this get solved(Things which are under his control)
    Why did they get into such a situation, what are they planning to avoid getting into such situation
    Are they planning any analyst meet to bring in big investor
    What steps are being made to improve market sentiment(apart from solving issue, QOQ growth is not showing improvement in stock value)

    if you can provide additional details on your meeting it will be helpful.

    #24413
    ved
    Registered Boarder

    @lycos.rags.to.rich, I can answer your questions and it will not differ much from how SKR would have answered. “There are some pending issues because of which we are not able to do any of these now, but we are actively working towards closing them. We may do all these in the future when all the issues have been dealt with”.

    Did you gain any new information from what you had 1-2 con-calls before? As an investor it is frustrating when the management cannot give you any clarity on the matters that need attention, but asks you align to their vision. I hope this changes soon.

    #24414
    Brightspot
    Registered Boarder

    Yes, possible that those issues need some more time to close, we can ask SKR not to conduct anymore conference calls unless there is an update or material development

    8+
    #24416
    tanv151
    Registered Boarder

    Everyone wants @Rathi_b to post details of the meeting but let’s understand two points here

    a) No promoter can give information (that can impact the share price) to anyone/group directly. This needs to done only through the exchanges
    b) This is a public forum and posting any details can be termed as buy/sell recommendations, let alone the other sensitive angle which I am sure all of us understand as
    There are a few important points mentioned on his post if we pay attention:

    Thank you all for bearing with us, we had to move our meeting with SKR to today as he was travelling internationally last week and we have had a long chat concerning many of us investor concerns, we have left the premises with a feeling of confidence that Brightcom is dealing with all the aspects in the most effective way it can.
    It was pleasing to see all the new hires in the office. And SKR is very optimistic about the business right now and the growth prospects it throws up in future.

    The first point (of course in my personal view) could answer why SKR couldn’t attend the TGS event last week and more importantly he made time to meet the Hyd Group as soon as he was back in country. How many promoters give audience to retail investors?

    Second point – Why would anyone write ‘left the premises with a feeling of confidence’ if they were not convinced with the discussion?

    Third point – Could act like a confirmation to the announcement made by the company with regard to the new hires

    Again others might interpret his post in a different way. Everyone is entitled to have his/her own opinion.

    disclaimer – this is not a buy/hold/sell recommendation. Please do your research or take advice from a SEBI registered financial analyst/advisor.

    #24417
    ved
    Registered Boarder

    ^ You do realize that the name of this forum is “brightcominvestors”. If the discussion do not happen around the present and future prospects of the company, then what else shall we do?

    Everyone wanted some updates about the status quo of the issues that have plagued the share these days, and since it is not coming from the management, many had high hopes from his meeting with the Hyd investors.And, what will give investors more confidence; if SKR could just tell where is the Daum issue stuck, what progress has the company made in Audio ads division since Mr. Chetti has come onboard (I am hoping that he is not working full time on the acquisition since the past year), Why are these penalties imposed on them by Sebi and what are they doing to ensure that this does not happen again.

    I dont know about you, but a concrete answer to any of these will give me the assurance that the management is not callous about retail investors. Sorry, but meeting investors after an international flight and feeding the same answers does not bring that confidence.

    #25143
    chris
    Registered Boarder

    This is not the first time that such a reaction has been posted on the forum after Rathi b and the team have met with the company. Well definitely it was nice enough for the hyd team to have put in the effort to go meet SKR.
    You cannot expect to get more information than that is already out there in these meetings, even if there was something that was shared you cannot expect them to post about it here.
    So I guess what Rathi shared was that after the conversation he was reassured that bcg was doing all that was in its power to deal with the issues on hand. (You either believe him or don’t).
    So I would like to thank Rathi for meeting with skr and posting a Cryptic yet brief gist(although we would all like to know the minutes of the meeting) and be done with it.

    #25433
    ved
    Registered Boarder

    No one is blaming anyone. I only reflected the frustration of the retail investors. Most of us are only asking for updates on the action that management is taking for the long-pending issues. If it takes years to close an issue, are we expected to wait for that long to get any update? And moreover, how can we trust that everything on the business end is running smoothly but when it comes to governance, things become paralysed. Why can’t they tell clearly what actions did they take in 2022 and what is planned for 2023?

    #25434
    chris
    Registered Boarder

    True, that’s the most irritating aspect. Daums closure has been pending forever. No update on audio based digital advertising company acquisition closure. Mediamint deal cancellation after a long wait, and mainly delay in announcement of the forensic audit, to name a few …

    #25441
    Logan
    Registered Boarder

    When we have a large group of investors, it’s common (and also healthy and good) to have different opinions on various topics. As investors we can do all that we can to change the management’s attitude but ultimately it’s left to them. Some investors request and others give complaints but if the management doesn’t want to change then no type of action will have any effect.

    The issue with BCG since past many years is the CEO’s attitude and him not appointing anyone else to look after the market related activities. I’m quite sure that even the investor relations department of BCG won’t be knowing what’s happening on things like DAUM or audio ad acquisition or any other topic for that matter. BCG is being run like a private company and the promoters/management haven’t changed that which is hurting the shareholders. I really thought these things would change when new people like Mr.Peshwa Acharya came on board and when FPIs invested in the company but the progress (if any) has been too slow or not very impactful. Only one thing that has improved is that finally they are picking our calls or replying to our mails.

    If I want to learn to play cricket I go to a cricket coach and for football I go to a football coach and for swimming I go to a swimming coach and etc etc. If I want to learn swimming and if I go to a cricket coach then he/she may not guide me as well as a swimming coach. Their techniques and understandings will be different. If they were the same then we wouldn’t have had so many experts in specific fields. You get the best results when you consult people who are experts (or at least have experience) in that field.

    So BCG’s management has to look at things this way to improve the company’s efficiency and for people to take the company seriously. They can’t depend on the CEO for everything. He may be good at one thing but on other topics he may not have the expertise. More than anyone else, the CEO himself has to understand this. He can concentrate on business and leave other things to other people. So far most of the issues have taken up so much time because of relying too much on him. He may not understand the severity of some issues and may neglect them but others will not do that mistake and even if they do they don’t repeat it again.

    When you have a plumbing related issue at home you don’t go and consult an electrician or a software guy to help you but you go to a plumber. Once or twice an electrician can fix a plumbing issue but not every time. Severity of the issue matters. Sometimes when the issue is big even some plumbers can’t solve it and they have to consult others.

    Every company’s stock price will fluctuate (as we’ve seen in the last few days) but BCG’s case is special and is always like a rollercoaster and new issues come up quite often. The management has to be ready to face all the issues and shouldn’t drag them too long else people will lose interest and not give any importance to you.

    When we were in schools and colleges, our well wishers would always tell us to complete easy questions first and then start writing the tougher ones. There’ll be different scenarios but things remain the same in every other field. In cricket, when you get a good ball you have to try to hit a boundary and for tougher balls you try to defend. In BCG’s case, among the different issues, the easiest according to me is the Daum issue so the management has to look at clearing it first then the other easier thing to close is the audio ad acquisition. For FA and SHP, you have to depend on SEBI so it’s not in your control. If at least the Daum issue is closed then people will understand if you take more time for audio ad acquisition but if you don’t close any and keep saying they are in final stages then no one will take you seriously.

    #25493
    sac6310
    Registered Boarder

    seems whole management has become inefficient. CEO not able to solve legacy issues yet and authorized group strategy head to resolve daum .. they too still working on that so called done deal since last 2 year… earlier resolution was pending due to logistics issue and suddenly one fine day that its listed in korean exchange ,so payment issue.

    CEO authorized audio division head to complete the audio acquisition and since last 6 months( since DD done) , no info yet except we will do this .

    No clarity on SHP yet.
    No reply to clarification asked from NSE exchange yet and promises are always made to improve CG. Whenever we think that our company CG will not below this point, management shows us that our thinking is wrong .

    God knows what’s going on and what independent directors in board are doing

    #25494
    ved
    Registered Boarder

    BCG has never been so silent. I have strong feeling that SKR is working to fix atleast one of these issues and I am expecting some good news in Jan. You may call it wishful thinking. I am disappointed, but I have not given up on BCG yet.

    12+
Viewing 20 posts - 4,921 through 4,940 (of 4,960 total)
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