[108BULLGURU]

selling at this juncture after a long painful journey may turn out to be financial suicide.
Just my thoguhts.
so need to wait for the story to unfold completely

[108BULLGURU]

No need to assume here that the issue is cancelled. They can still come with details tomorrow any time.More over there is so much of voting period. so even if they delay the info release by few days no big deal.
https://www.bseindia.com/xml-data/corpfiling/AttachHis/5743e304-766e-406b-99c1-8584067fedfc.pdf

[108BULLGURU]

See under 2 conditions prefrntl issue of just 30-35 crores is hardly needed and is pea nuts.
1.
If LOC of 100 million USD or more comes through
then this issue is not needed.
2.
December qrtr for BCG isvery very vig.Ithas pending receivables of 900 crores. Internal accruals of 40-50 croresincreaisng cash flow in Dec quarter is als no big deal.Just imagine some over due receivables coming in too.
U can add other points

[108BULLGURU]

I had same feeling before going to bed last night.
Very unusual being so late.
Considering the history of this company
any thing is possible
TILL THE REAL THING HAPPENS.
They can come with the detailed document on Moday still.

[108BULLGURU]

closing is more important in my views as it is the end product
of the daily action.
It also hit the old 52 week highs 705.
When it did that,they were unable to sell it here.
So some indecisive action but in favour of BULLS.

[108BULLGURU]

On daily closing basis BCG has already formed new 52 week highs and closed at 6.85 for 2 consecutive days against closing high of 6.75.
11-12 range here i come.
Enjoy the ride

[108BULLGURU]

Sounds good.
all possible.
My opinion from all the announcements to the exchanges is that an amount has already been agreed
with Daum
and it has not been put on the paper.
If with the prefrntl allttmnt document of ballot paper they say that the money will be used to settle Daum and make Axis payment, then bye bye BCG 7 rupee. U can expect continuous UCS for a long long time

[108BULLGURU]

lagta hai aaj raat dhamaka hoga…

[108BULLGURU]

Looks like market makers know it is over for them. so they are not aggressively selling but just putting the offers at higher price .Green flag all over friends green flag.
Go for it.
In coming weeks and months i think
BCG will keep going up
becasue there will be no offers.
Market makers offers will just disappear
and they will change the roles to buyers coming with BIDS

[108BULLGURU]

agreed but Also no one ready
to press the
sell button.
waiting mode on.
once it closes above 7.05 then it will fly.

[108BULLGURU]

Low volume slow action. small sell volume.
Looks like headign towards UC close

[108BULLGURU]

i think so.

[108BULLGURU]

I think we could be getting the announcement and ballot document any day any time now.
They just cant come one day before the ballot starts.

[108BULLGURU]

“The details of the potential investors will be circulated to exchanges and shareholders for final approval before the said issuance.”

https://www.bseindia.com/corporates/anndet_new.aspx?newsid=81c7453b-14da-4216-a71e-4ad946864553
Experience here …..tells not to believe any thing including what is ANNOUNCED to the exchanges till it happens.

[108BULLGURU]

They know that as promoters have 40% plus stocjk officially there wont be a problem in getting the approval through the ballot. So no sooner it is announced i think pressure on the stock price will be released. Till then market maker may have to sacrifice may be 500-1000K shares to keep the lid on stock price beolw 52 week highs.
Moreover the ywill have to announce in the details who is getting those shares and what is the purpose of raising those funds which may also act as a fuel to stoc kprice.
I am not aware of any other legal way to stop the prefrntl rights offer except through the ballot as it
is a public listed company.

[108BULLGURU]

desperate efforts by market makers /operators to keep a lid on
the 52 week highs continue
to get the prefrntl allotmnt at a v low price of 10
CONTINUE.
Once it is out then the pressure will be released.Let us see how long they can keep selling to hold it or buying pressure mounts to break the dam soon.

[108BULLGURU]

BCG usually does that late night on Fridasy/satrds.
So U may be on the money that it happens soon.
Imagine if market likes the purpsode of preferntl allotment and also the news re who is getting it.
The back to back UCS on from Newyear.
2020 can really be a gr8 year for BCG ,LT investors.
Let us hope for the best.

[108BULLGURU]

Thanks dear for your help. so it means around 5 full back to back UC trading months.
Say uptoJune 2020 end.
Let us say that with some consolidations on the way by Dec 2020 end .
No one knows what is going to be the news flow and how strong those triggers will be.I think if all the things that we discussed here and were told at the last CON CALL happen on time then the ridew can be ride of life.
Enjoy.

[108BULLGURU]

Dear,It all sounds reasonable,logical to me.
But in markets past or normal things is not always repeated in future too.

Moreover the history and nature of this stocj is very different and it goes up in UCS
fron lows of 3-4 to 156 zone and v v fast.Jst few motbhs to less than 1 year.
Then BV was 20 and eps 4 and even lower.
So thinbgs are v v different this time.
Daum settlement alone can take it to 20-23m35-37 and also 60-70 zone.
No big deal.
Once prefrntl altmnt is over and news flow egins with actions it can become unstoppabel.
we are ina very different market and environment, macro micromfundamentals etc for BCG.
enjoy

[108BULLGURU]

MAarket can do any thing.
It could got to even 3 paisa or 300 rupee.
Only God knows for sure

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