Tagged: Clarification of Transaction.
June 17, 2020 at 10:08 am #7106
Thanks DH, your timely update as always is much appreciated.0June 17, 2020 at 4:21 pm #7108RajRegistered Boarder
Friends, Any thoughts on todays price action. Didn’t end up closing on Lower circuit on Nse..0June 17, 2020 at 5:20 pm #7110odyseeRegistered 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.0June 17, 2020 at 5:42 pm #7111HopefulRegistered 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.0June 17, 2020 at 6:04 pm #7113sateannaRegistered Boarder
Is today another oaksit day ?? Huge volumes..Couldn’t see any bulk deals0June 17, 2020 at 6:20 pm #7114T9CRegistered Boarder
@hopeful, If its planned move to offload to retailers then why they didnot sell in BSE at higher price?0June 17, 2020 at 6:57 pm #7115
There has been no bulk deal in BCG on NSE today.0June 17, 2020 at 7:02 pm #7117
And there is no bulk deal in BCG on BSE also.0June 17, 2020 at 7:03 pm #7118
What does it mean.0June 17, 2020 at 7:08 pm #7120
Suggestion please, you may edit your own reply anytime. This will help to reduce the no. of posts and reading time.0June 17, 2020 at 10:59 pm #7123hw_twRegistered 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.0June 17, 2020 at 11:27 pm #7124
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, 2020.0June 18, 2020 at 12:10 am #7125Optimus Prime 06Registered 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 best0June 18, 2020 at 10:48 am #7128buffetRegistered Boarder
One query – the results will be audited by whom – BDO or existing auditor? As I remember, BDO will audit the 2019 yearend results.0June 18, 2020 at 3:40 pm #7129Diana HortonRegistered 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
…………………………………..DH0June 18, 2020 at 4:16 pm #7130
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 10.0June 18, 2020 at 4:48 pm #7132sateannaRegistered 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.0June 18, 2020 at 5:13 pm #7133
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.0June 18, 2020 at 5:19 pm #7134
@diana your views on the same will be very helpful.0June 18, 2020 at 9:14 pm #7135MyshportRegistered 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.0
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