[cvkrr]

Thank you @sateanna,and team admin,and logan for your efforts.

[Anonymous]

Thanks to those individuals who took the initiative to meet to management. Really from bottom of my heart true respect especially because in the most uncertain phase you made sure you will meet and indeed you all did it. I think axis loan closing most important part, because lots of negativity will erase once it is done. Axis loan payment proposal was sent I think on August 13, 2020 and today is October 6 so almost 2 months. I don’t know how much time they will take. My personal opinion, may be I am wrong, if axis part takes more time unnecessarily then I am sorry to say it’s a concern . Because market reacts as the news come. Could anyone help me out where I will get latest conference call edited transcript? Pls

[buffet]

@sateanna @rathi_b

Any clarifications/additional info received from SKR on BDO audit & its completion status?

[Rathi_b]

Sorry @buffet we did not ask him that question.

[buffet]

No issues @Rathi_b! Thank you for representing us…

One suggestion – I think we should regularly meet SKR at least quarterly. It helps a lot. The F2F meeting is always better & productive.

[JRS]

@Logan

We are in strong clutches of Operators. They are operating very smartly their single bulk trade is not crossing 0.5% of total shares of BCG, by doing this they are avoiding the reporting of Bulk deal to Exchange.

From yesterday there is huge volume delivered but fragmented below 0.5% I believe.

From tomorrow if the price increases with low volume traded( between 5 to 10 lakhs), then we can see a rally till 20 to 30₹, but if the operator start shedding the shares (distributes) with high volume ( more than 30 lakhs every day) then again the rally may go up max till 12 to 15₹.

But seeing the volume I believe the rally may go long because at lower volume the commission paid by operators to brokers will be high. But if the operators are brokerage firm itself then the rally go short as they work for commission and they will be operating trade accounts of their clients on their behalf.

If once it crosses ₹30 then the rally start moving up.

So let’s observe what happens.

This is just my opinion, and shall not be taken seriously by the investors.

[drpram]

Thanks for the team which took pain to go and meet the management. I also appreciate Mr. SKR for the positive response though prior appointment hasn’t been fixed.. Though nothing new cameup from the meet, it gives lot of confidence for investors ..
I think better wait and watch at least for one quarter more before making any step further..
AsMr. SKR said the share price movement is not in their hand..

[VALUEBUYER001]

First 10 then 15 then only we can expect ₹30

[Anonymous]

If axis case not resolved in upcoming hearing then price down will start and at this time it can touch 52 week low because Mr. Suresh as per face to face meeting told good offer given so if good offer given then it should be solved in coming hearing. There is no news from management side of BDO what is the progress no answer. Appointment of Mr. Peshwa how much fruitful only to see in coming days.

[Logan]

@JRS, you are right, operators are playing with investors’ sentiments. BCG had a great momentum but Oak selling and Axis issue stopped that and turned the sentiment to negative again.

According to Warren Buffet “In the business world, the rearview mirror is always clearer than the windshield”. This quote can be applied to BCG’s situation. Market is more worried about the past that it is completely ignoring the present and the future.

Now, all the businesses are going digital and these companies are advertising more. People are watching more content online, fans aren’t allowed inside the stadiums so they have to watch all the sporting events online, same with movie theatres and many other things.

Then after we get the vaccine, the old advertisers will be back. Advertisers like airlines, retail outlets, travel industry, cruise ships, casinos, movies theatres and many others will give great discounts to get crowd back to pre-pandemic levels and mostly they’ll advertise online as they know where people are spending more time.

I’m not hyping anything and I don’t have any intention on that but looking at the current situation, business wise, both present and the future are good for BCG but valuation wise our market is fixated more on the past. It takes a lot of effort for the management to convince the market to move on from the past.

Trust plays a major role and they have to be as transparent as possible to gain back the lost trust. When the prices are falling it’s important that the company replies back to investors mails (they need not give complete details, just replying back is sufficient on many topics). It shows that the company is with the investors during tough times.

Appointing a new person to look after the investors relations is a very welcome move. Appointment of Mr.Acharya and the CEO buying shares from the open market are also good steps. Removal of pledge on promoters shares is also important (don’t know when it will happen as SBI ots was paid last year in March or May but we saw removal of pledge on shares this year).

[JRS]

Regarding the EY audit, he has agreed to share the copy to one of our representatives.

Did anybody receive this copy?If so kindly share.

[diamond_2017]

i feel that Management may not allow the information to be shared on forum as it is public site, This is my perspective

[jmathew]

I believe we are very close to a huge up move. Axis will be closed at any time. We know BCG’s book is clean and LOC will be the answer to all those who are doubting profits and sales. I expect all the outstanding issues will be resolved before the Q2 result and BCG will trade near to the book value by Dec 2020 and pe x 10 by May 2021. Time to add more shares.

[lycos.rags.to.riches]

@JMathew any basis for your belief, I am believing the same for the past few years.

[VALUEBUYER001]

Nclt next date Nov 2

[Anonymous]

This is expected because he gave good offer. No LOC, No axis closing,no daum. God save us. For daum, he once said almost done deal, for axis good offer, for loc he gave good hope. Monday onward again down will start.

[Shivashankar]

Can anybody paste the nclt link please

[anand84sharma]

What is the maximum time limit for the finalization case under NCLT. The admission date of the case between Brightcom and Axis bank is 17/03/2020.

[anand84sharma]

I have received some information from my friend (Company sectary)

The resolution professional shall file an application to the Adjudicating Authority to extend the period of the corporate insolvency resolution process beyond one hundred and eighty days if instructed to do so by a resolution passed at a meeting of the committee of creditors by a vote of 1[sixty-six] percent. of the voting shares.

On receipt of an application under sub-section (2), if the Adjudicating Authority is satisfied that the subject matter of the case is such that the corporate insolvency resolution process cannot be completed within one hundred and eighty days, it may by order extend the duration of such process beyond one hundred and eighty days by such further period as it thinks fit, but not exceeding ninety days:

can we assume 12/12/2020 last date for final decesion.

[Anonymous]

The Insolvency and Bankruptcy Code (Amendment)Act, 2019 has increased the mandatory upper Time limit of 330 day s including time spent in legal process to complete resolution process.

[Author]

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