General Discussion

Viewing 20 posts - 1,161 through 1,180 (of 4,763 total)
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  • #7106
    admin
    Keymaster
    Topic Author

    Thanks DH, your timely update as always is much appreciated.

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    #7108
    Raj
    Registered Boarder

    Friends, Any thoughts on todays price action. Didn’t end up closing on Lower circuit on Nse..

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    #7110
    odysee
    Registered Boarder

    Raj, technically it did not close on lower circuit on NSE, but at the end there was no buyer on NSE and only sellers of a few lac shares. Technically, because the closing price indicated is an average of the last 30 minutes trading at various prices.

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    #7111
    Hopeful
    Registered Boarder

    @DH, why did not they go for block deal, if there was a party on otherside?
    It’s seems to be an planned move to offload to retailers at high price.

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    #7113
    sateanna
    Registered Boarder

    Is today another oaksit day ?? Huge volumes..Couldn’t see any bulk deals

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    #7114
    T9C
    Registered Boarder

    @hopeful, If its planned move to offload to retailers then why they didnot sell in BSE at higher price?

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    #7115
    dgm
    Registered Boarder

    There has been no bulk deal in BCG on NSE today.

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    #7117
    dgm
    Registered Boarder

    And there is no bulk deal in BCG on BSE also.

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    #7118
    dgm
    Registered Boarder

    What does it mean.

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    #7120
    admin
    Keymaster
    Topic Author

    Suggestion please, you may edit your own reply anytime. This will help to reduce the no. of posts and reading time.

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    #7123
    hw_tw
    Registered Boarder

    Check this video on smart rings. Read the comments, this looks like most of the people are pretty new to smart rings and are thinking that this is something new in 2020.

    Whereas BCG / Lycos has launched this way back in 2015.

    This shows the potential of SKR and team and their futuristic vision.

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    #7124
    admin
    Keymaster
    Topic Author

    Notification – meeting of the Board of Directors of the Company is scheduled to be held on Thursday, June 25, 2020 inter-alia, to consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter &
    financial year ended March 31, 2020.

    https://www.bseindia.com/corporates/anndet_new.aspx?newsid=f8a397a0-9412-4512-a4e5-0b0e2026e9fc

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    #7125
    Optimus Prime 06
    Registered Boarder

    mr.suresh reddy do no want to loose this stream of the stock..he know when to give update about his scrip..lets hope for the best..small retail investers holding less than 2 lakh rupees is less than 10 percent only..may be there is a chance of increase in holding due to oak selling..
    lets wait till the results..
    this share already run morethan 200%..
    hope for the best

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    #7128
    buffet
    Registered Boarder

    One query – the results will be audited by whom – BDO or existing auditor? As I remember, BDO will audit the 2019 yearend results.

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    #7129
    Diana Horton
    Registered Boarder

    My Dear BCGians

    The promoter during the previous intimations let us know that there was an amicable agreement settlement in place and that Oak will not come to the market.

    2 days ago, we all noticed, in contrast, the Fii, unfortunately, sold a big chunk of shares in the open market. This appears to be against the said Agreement either Verbal or written, on the part of the Aged Fii, Not sticking up with the agreement.
    Yesterday, it appears once again the Aged Fii, tested the markets again leading onto current situation.

    We all know, what happened when the last but one Fii, indiscriminately, sold the shares in the market, without any consideration

    The last Fii, was very co operative and considering the market and our stock trading circumstances, complied and got a Complete exit considering the big % holdings they had.

    The current Fii scenario- Taking into consideration about what has been stated by the company and the promoter , it appears that there was an agreement( No one knows the exact details), the idea was to establish a Buyer for the 7% sale. Looking at the history of the announcements This agreement was made with the Fii, whilst the stock was trading at lower levels.

    However, going through the proceedings, it appears the Fii, notwithstanding the Uprise of the stock price, appears to have deferred and appears Not to have adhered to the settlement plan and have gone astray. Although we all presumed that it was an Organised transfer of hands based on day 1 of selling of the Fii, the day 2 did not support the plausible theory, wherin, the Aged Fii, in question, went once again Out of bounds to dump the same in the Open Market.

    They appear to be the Golden Goose Egg story Villains here.

    The sale appears indiscriminate and not only have they burnt their selling chance -as the True Valuation appreciation has been hampered, But at the same time, Because of the Greedy and Not so sensible way they appears to have acted , are stuck with a Big chunk sitting in their pocket with the timeline ticking especially with No help available after ruffling the feathers.

    If all the presumptions we hold are true, The current scenario caused by the current Fii, Hope, get to some senses and try and re establish links with the Management and plead for a decent exit.

    If this happens and I am sure this will happen as the Fii dosent have another choice but for to plead help. In this process, The Fii will get an Exit in a single go and It will be a Multifold Benefit for the BCG community including the Aged Fii in order for all of us to Reap the benefit of Actual Value Realisation

    Hoping this to happen and hoping to see the Greenaries Quite soon and imminently

    untill then

    Warm Regards

    …………………………………..DH

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    #7130
    nitin_asce
    Registered Boarder

    Just a wild guess @DH, the agreement with oak might have been made at a price less than rs 10 and oak might want to get more money by seeing the quick price appreciation in bcg. Hence those shares came in open market.
    I am considering rs 10 since new shares were allotted at rs 10.

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    #7132
    sateanna
    Registered Boarder

    If you see the M&A presentation, $ 20 mil raised from OAK for 7% stake. Roughly translates to 100 crores (based on 1usd rs.50) for 3.33 crore shares which works out to approx Rs.30/- per share. If that was the case why would OAK sell at a loss rather than wait for the price to escalate. It is mentioned in the presentation that buyers are lined for the sale. So is the deal broken or is OAK bent upon ruining itself. Please let me know your views. Its all too confusing.

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    #7133
    nitin_asce
    Registered Boarder

    My understanding is oak has very limited time left to sell the shares as fund is closing. So they might have bought for 30 rs a share but the current offer might be for rs 10 when share price was lingering at 5. So 12 rs means less loss for oak.

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    #7134
    nitin_asce
    Registered Boarder

    @diana your views on the same will be very helpful.

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    #7135
    Myshport
    Registered Boarder

    Very unprofessional of the FII, if it has broken the contract with the company ( of a planned exit to another investor). The loss is entirely theirs.

    With the regular updates by the company (of their planned actions) the market will slowly realise its potential and, hopefully, will raise the stock price to its correct price.

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