Tagged: General Discussion
September 5, 2020 at 9:51 pm #8240September 5, 2020 at 11:40 pm #8241adminKeymasterTopic Author
In today’s world when everyone are so busy and have no time to listen to others. And here we have @Logan who not only listens but gives detailed responses which is utmost satisfying to not only to the person who originally asked but others as well.
Last two weeks was very harrowing time for me. As you know I am working in IT industry for the past 13+ years, I was in the bench (unallocated from billing project) from two months unable to get into a new project as the interviews are too hard due to frequent technological changes happening. HR began to pressurize me to resign voluntarily and threatened with instant termination without any benefits nor experience certificate if I do not agree. I escalated to senior leadership that harassing at this pandemic time is unethical and asked to show empathy. Though I did not get much respite even after that, I have now requested them to terminate with two months notice as per the agreements in the appointment letter. Sorry for airing my personal problem, but the context is it feels nice to know if somebody is there who listens.September 6, 2020 at 10:10 am #8242September 6, 2020 at 9:43 pm #8245sagraaRegistered BoarderSeptember 7, 2020 at 10:50 am #8247
Dear Admin Ji, I am working in a bank and feel sorry that I am not able to help you. I will pray Almighty to give a more rewarding career yo you and also I shall get in touch with you if I get to know about any openings through any of my friends.in which city you are residing? Wish you good luck. Please don’t worry sir.God will help through someone for your good deeds like maintaining this forum for the benefit of small retailersSeptember 8, 2020 at 8:31 pm #8261Optimus Prime 06Registered BoarderSeptember 8, 2020 at 11:14 pm #8264RaveendraRegistered Boarder
Can someone post the conference call dial numbers please?0September 9, 2020 at 8:42 am #8265
Raveendra Ji the company will upload conference call contact numbers in company website itself in a day or two0September 9, 2020 at 11:23 am #8267
The market performance today will be influenced by nifty levels and anyways it has become a ritual for shorters to short brightcom after the quarterly results, so please beware that the price or sentiment of this stock will be muted for the next week atleast.3+September 9, 2020 at 7:08 pm #8279Optimus Prime 06Registered Boarder
Sep 14-17 analyst meeting
Sep 22 NCLT hearing on axis bank..5+September 10, 2020 at 9:36 am #8281ShivashankarRegistered Boarder
Iam observing trading pattern every minuite for few days normal trading happening.3+September 10, 2020 at 12:21 pm #8282
After a slight dip in market share from 3.3 to 3.2%, AdAuth is now showing an increased Market share of 3.4% with 35.8k unique publishers.
If I remember correctly, SKR has mentioned in the concall about increased addition of publishers while there is decrease in rates.
For some reason SKR hasn’t spoken / tweeted about AdAuth figures anywhere while he mentioned about Adzerk report. Request @admin, @mayur to bring it to SKR’s notice. It would be good if he talks about this so that investors take these numbers seriously2+September 10, 2020 at 1:42 pm #8283
There is an interesting discussion on MC board on what would drive the price
I would see broadly there are these 3 factors playing in investors mind
1/ Growth in business and revenue
2/ Increase credibility by closing Axis, Daum issues and bringing in BDO
3/ Corporate Governance with clear and timely updates and prompt responses to retail investors emails
While all the three Goals are important for the CEO, I would feel goal 1 carries high weightage compared to goal 2 and 3.
Goal 1 would keep SKR and his team’s morale high. Note that it is very difficult to keep employees motivated for long without increase in business. Also it would become difficult for a company to attract talent when the company is not growing. Same would be the case with customers too. They would want to partner with companies which are growing rather than with companies with stagnant gowth and not a buzzing company.
From the investors point of view too growth is a important factor. Even other factors like collection period kind of things gets sidelined as long as company is growing. The PE in a way gets adjusted when investors start seeing growth. I don’t think there is any investor who would say that they don’t care about growth.
May be not a right metaphor. To me its like Ambassador versus Maruti where the customers, employees and investors are all interested towards Maruti because of its growth factors
While Goal 1 is very important and carries a high weightage there are times where the CEO has to temporarily change strategy and give high weightage to other goals too. Especially to Goal 2 as it is also hampering your Goal 1.
I feel the credibility of BCG has taken such a beating that even if it shows 50% growth on y-o-y basis too it will not be believed by the investors especially the larger ones.
SKR is doing good by arranging Analyst meets and also working towards closing these issues one by one. I feel what matters is the speed with which he moves towards closing these issues. This would bring back the lost credibility both to him as a CEO and to his company.
It would be interesting to know from fellow investors if they are in shoes of SKR which goal they would give high importance and why
@admin – not sure if this qualifies for a separate thread. If so, please move it4+September 10, 2020 at 2:19 pm #8284LoganRegistered Boarder
@hw_tw, I don’t think adauth figures are so important, Rubicon Project which is Brightcom’s competitor has a market share of 40.4% but Rubicon’s revenue ($156M) is not even half of BCG’s ($381M). If it did have a big impact then BCG’s revenues should have increased a lot as the market share last year was at least 20-40% less than what it is now.
I don’t exactly know whether Rubicon is a direct competitor but both concentrate on the supply side of things. Also Rubicon and Telaria (which has a market share of 3.7% on adauth) merged to form a new entity called Magnite Inc.
As I always say adtech industry is very complex and we really need to discuss about these interesting things with the CEO so we should ask him to arrange a conference call to discuss the business side of things.
In earnings call everyone’s focus will be on outstanding issues which are also very important.September 10, 2020 at 2:43 pm #8285
Admin can you collate the points and write it to the company as queries from the forum officially.1+September 10, 2020 at 2:44 pm #8286
Or would you advise individual mails in this regard from all the members of the forum with a set questionnaire in this regard. Which do you think would be a preferred choice.0September 10, 2020 at 3:24 pm #8287odyseeRegistered Boarder
@Rathi_b, it would be better for admin to collate all the points and submit them to the company for a response. We did succeed to some extent the previous time. The problem is the intervention by some shareholders in the conference call who deliberately appear to ask irrelevant questions and eat up substantial time, leaving others with more meaningful questions waiting in the queue and not getting a chance to interact with Mr Reddy. I really do think that BCG management needs to allot substantially more time to the conference all. And I sincerely hope that this time we will get clearer answers and timelines. Or is that asking for too much!!!5+September 10, 2020 at 3:31 pm #8288
Hopefully, but that’s difficult with corona investors all around swarming up their anxieties during the concall. I personally prefer not being there for questions because it has been like that for the past few concalls atleast. I’d much rather prefer a good descriptive and sound reading than listen to people venting unnecessary insecurities. So I hope admin makes the choice because either way we can be effective ( officially by forum or bombarding them with the same questionnaire 100’s of times).2+September 10, 2020 at 3:44 pm #8289sateannaRegistered Boarder
I expect SKR is going to answer all the main questions upfront before we ask him, like last time. Expect status quo on all issues. Only thing left now is to meet him in person and ask him.8+September 10, 2020 at 9:27 pm #8293odyseeRegistered Boarder
If one expects status quo on all issues (again), then we may as well have no expectations on the stock price ever getting even close to book value. Even getting back to low double digits of 13.02 ( a fleeting chimera) may be a very difficult task. The business may be complex and great , and the promoters may happily live with that and their vaunted position in the world of ad-tech, but the retail investor is a little simplistic in his understanding and expectations- invest his/her hard earned money in a listed profit making, decently managed international company, and make a decent return on the investment. That has proven to be an exceedingly difficult enterprise over these many years. Remember the first caller in the conference call in December 2019? His anguish was palpable-invested equal amounts in a bank deposit and BCG many years ago, and the comparative return on investment as of then ( Dec 2019) was shameful. Even Mr Reddy appeared moved and displayed genuine empathy and suggested the investor should not lose heart, and declared that things would change very soon as the company was at an inflection point. Well, we, the long term wretched lot of retail investors at least , cling on to our hopes that, one day, the tide will turn and BCG will gain recognition in the financial markets too.
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