[108BULLGURU]

Without knowing him personally i made the same observation about him 7-8 months ago and that was very strongly conveyed….
It appears after that some corrective action is in the pipeline like consolidation ,auditors etc etc and a bit cautious approach re AI AMD ML.
Issues are very clear and value to the extent of tens of thousands of crores in terms of market cap has been destroyed.
Some people find it very hard to take advice and leave control.
You cant run a 2500 crore revenue organisation without a master mind group.Hard to say too much from outside.
Disastrous effects are clearly visible from outside.
A simple marketing man would have told them the outcome of their wrist band from Lycos life.

[108BULLGURU]

@Saach,
Thanks dear for your kind thoughts.
I try being as objective as possible.
Keep smiling always and enjoy your vkend.

[108BULLGURU]

@JMATHEW,
Good to know you are keeping well and busy and you have added more to your kitty.
Keep smiling always.

[108BULLGURU]

It is not selling at 50-100 PE b because ofwrong decisions by management, a cash burn out of 1000 crores or so during last 5 years in different forms like lycos life,YBRANT digital buy out and subsequent write offs, and then Daum/Lycos with indirect losses to shareholders in tens of thousands of crores of losses in lower market cap.
Still not late. Management got to stop mucking around and deliver on the promises in coming 2-3 months and we can see 50-100 pe in not very distant future.
Healing got to happen and market will see its real worth very quickly .
Let me be very clear,
SKR made some very stupid decisions and has been a real dud in terms of managing the business as a public limited company.
He may be technically a gr8 guy.
I have no personal knowledge of him .I say it as i see it.
No mucking around.

[108BULLGURU]

@JMATHEW
How have been you my friend?
Have not seen you lately.

[108BULLGURU]

I think we all need to stop wasting our ebnergy on unnecessary thinking on issues that may or may not exist.
Need is to focus on what matters in the big picture stuff and that is some action on lot of things that this management has been promising since mid year last year
and during the last conference call. It will be a good idea to send emails to SKR AND to investors relations on these issues why they are taking so long and why and when they will be settled.
Here is the link to most important up date. NO ACTION IT SO FAR INFORMED TO INVESTORS.It was dated 14 th June. So 7 months gone and we were told 4-5 months all will be done. what the fu c k is going on. Can some one hold this man responsible for telling all the fibs for ages..

https://www.bseindia.com/xml-data/corpfiling/AttachHis/4480dd47-16e4-47cd-82d5-3dece6d019fb.pdf
Question Regarding Big 4 audit firm
1. The company is working on consolidating
foreign subsidiaries for simplicity of
operational management and reporting.
2. We intend to bring in a big 4 firm to audit
these entities.
3. We have engaged a consulting firm to help
with this restructuring effort. The process may
take 4-5 months to complete.
Promoter/Shareholder Buying of the Stock
1. Some Shareholders, Investors and the
Promoters have expressed interest in applying
for additional shares and the company is
putting together certain alternatives on how to
accomplish that.
2. We will share the details after the board
review.

Update Regarding the Loans with Indian Banks.
1. We reached an ‘one time settlement’ agreement with
Canara Bank to settle all outstanding debt, of which we
have already paid significant portion and an amount of
about Rs. 16 crores is pending.
2.We reached an OTS with Axis Bank to settle all
outstanding debt, of which we have paid significant
portion and an amount of about Rs 11 crores is pending.
Questions Regarding Settlement with Daum
1. We have received number of queries regarding the
status of settlement.
2.Since the settlement agreement is yet to be signed, the
other party refuses to acknowledge the status and hence
we were unable to share the status.
3.Given that situation, we can only make an unvalidated
claim that we have arrived at a mutually agreeable
settlement amount.
IT WILL BE A GOOD IDEA TO CHECK WHAT ARE THE OPTIONS UNDER SUCH CIRCUMSTANCES FOR SHAREHOLDERS TO TAKE ACTION AGAINST THE MANAGEMENT/COMPANY.

[108BULLGURU]

If U compare profit NPAT of BCG Vs AFFLE and work out the market cap,
then BCG should have market cap of 40000 crores making BCG worth 800-900 rupee a piece.
WOW.
U can imagine where it can go in a hurry.if things pan out well as expected in coming 5 months or so

[108BULLGURU]

My thinking is it cant get worse than this. Market has alreadsy written this company off.
It can only get better in my views.

[108BULLGURU]

I saw all those anomalies and then concluded that
it is the same person
PRIYA PRAKASH.
One can shoot an email to the company BCG and get a response re the profile of the new PO allottee

[108BULLGURU]

re divi i think even 40% dividend means 40 crores or so to be paid out of net profits.
No bi g deal.

[108BULLGURU]

Daum settlement,zero debt,release of pledged shares and some reasonable divi will put it straight to new 5 year highs leading to further rapid
moves to fair price discovery which is the need of the hour.

[108BULLGURU]

yES .U R right.
I chkd tht 2

[108BULLGURU]

Interesting info..
Looks like bank debts should be fully settled and pledged shares released soon.
It is up to the management
to come with proper,timely, clear and clean updates rather than continue to beat about the bush and spread uncertainty.
I hope they have learnt their lessons.
Lot needs to be done about which SKR talked during last conf call and also indicated in the updates around mid year or so last yer.
Once there is delivery on those things, market will certainly have another look at he BCG share with fresh eyes and RE rate it accordingly.

[108BULLGURU]

The assumption is that they will all be and also close to SKR.

[108BULLGURU]

I rememeber his saying that.He said this to me too.

[108BULLGURU]

where have all the 30000 small investors gone.
Come on friends have your say.

[108BULLGURU]

People are wise enough. SKR giving shares to his mates for free. They cant get this much supply below even fair market price 300-500
Investment bankers in USA would have already told him how much his stock is worth. SKR is not foolish.
once they corner PO for free and allottment is done, they will have different color and tone for the market.
This is the reason he did not initially announce the name of the buyer in the first announcement.
See Priya Prakash is holdiong 4%.
There are others holding too that will side with promoters. so after current PO, officially the holding of promoters and his mates goes above 50%.
Then one can suspect there will be lots held through fincail intermediary companies.
this is the real reatila holders.
Individual share capital upto Rs. 2 Lacs 29213 47979658 4,79,79,658 10.07 4,79,79,658 10.07 4,76,99,873
Individual share capital in excess of Rs. 2 Lacs 321 93488516 9,34,88,516 19.63 9,34,88,516 19.63 9,34,88,516
Here is the link to shareholding pattern you want to have a look and analyse.
https://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532368&qtrid=103.00&QtrName=September%202019

[108BULLGURU]

Thanks my friend.
All good.
It has been v v hard to keep faith when chips are so down for so long.
I am loaded. Never sold even a single share ever..
Only kept buying when ever i could.
\Most important thing for investors to rememeber is that 90% buy when they need to sell and they sell when they need to buy.
Now it is buy keep on adding on the up.
Biggest thing will be many will be tempted to bail out at average or small profit as pressure on them has been too too much for too too long.
So rememeber .
Add on the way up. not sell for small profit but life changing profit.

[108BULLGURU]

hahaha,
Financial obligations can include Daum settlemement /part payment.
Looks like who knows once PO is doen and shares gone. we hear the Daum settlement
and an unending set of UCS as per the histoy of this company to take it to new all time highs as one good newd after the other keeps hitting the wires..

[108BULLGURU]

why do u think so

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