[108BULLGURU]

The question will be
can we trace the entries
of all those investment funds.
Sure lot of people may be working on it and keen to know as it is nearly 30 rupee per share and book value of AFFLE is 28 rupee.
WOW.

[108BULLGURU]

very interesting.
That is what iwas thinking that all this gone into companies out side the ring of BCG where we may or may not have direct control but are owned and managed by the BCG company people.
Not many realize that this anounts to 20 rupee per share of funds just in investments post tax. That is close to the BOOK VALUE OF AFFLE SHARE.
Add to that another 900 crores of receivables and we are hitting 50 rupee per share of money against 63 book value of current stock .
Come on friends .Pls share your pearls of wisdom.

[108BULLGURU]

Have a look at the money that went into investment post net profit
during last 5 years.
Rememeber this is not the usual business expns.
This is the deduction from post tax net profit.

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019

NPAT/Cash 276 242 151 315 510

from operations

cash from -271 -293 -80 -313 -387 IN CRORES

invstmnt actvty .

So friends pls find out where this huge amount was invested over 5 years
that is just around 1300 crores. WOW WOW WOW.
All acccountants please have a look.
What did we get from this investment of 1300 crores over 5 years.
stock price going from 156 to below 3 rupee.
Thanks in advance for your serious analysis and thoughts.
Please share it for the common good of all long term investors.

[108BULLGURU]

Right U R. We need to see execution on time and delivery on those
long over due issues to get the the trust restored on all fronts.
Will be a good idea if you all can write to the company to provide a breakup of the receivables about how old they are time wise and in different geographise.
That will be a big help in knowing the likelihood of the recovery that can happen in receivables which are around 900 crores.It is a big amount and comes to approx 20 rupee per share.Just assuming that this is industry norm does not help as it is more like pushing fire under the carpet.
So please write to the company to come clean on this one .

[108BULLGURU]

I dont see any dividend for finncl year ending March 2020.
Highly highly unlikely.
March 2021 ending yes .Highly likely.

[108BULLGURU]

Thanks Kpal

[108BULLGURU]

Hi,
Most of my work life has been in the medical world and 50% of my colleagues are women.
I have immense respect for them and found them way better then men on many parameters. I am fortunate to say the same thing when i look around in close rlationships in my life.
Now men please dont feel offended.It is a hard fact.
Last Sunday when i was entering a house for a get together that i was going to address host said to one guest you are special and i had to interject and say we are all very special and then i talked about it in my address to the gathering.
So well said”Every being created is special and unique. Respect Respect Respect before you become a millionnaire.”
Enjoy your evening.
BG108

[108BULLGURU]

Agreed women are no less and so R transgenders,
But today is just mens day .Hence celebration for men.
No celebration or event iscomplete without women and their role and contirbution.There will be no men without the women.
So come and join them please in helping them celebrate.
If any one feels hurt in any way, i apologise unconditionally on behalf of all men on this platform. Happy now.
U take care.

[108BULLGURU]

Sound good. I am all in.
Potential is there. was always there. Investors lost a lot in the past..Looking forward to a new era a very prosperous one if all plans are executed on time and delivered as told.Noise from the management is good . so are the vibes.
Hope it spreads cheer all around soon.

[108BULLGURU]

Very strong dose of HOPIUM here.
Keep in mind that last 2 times it failed at 7.05 and then at lower level of 5.05
on closing basis.Did NOT EVEN GAVE A chance to exit.
If one wanted to play safe then one can enter or add on a close above 5.05 and 7.05 technically speaking.But then risk goes higher if it traces back.
Rememebr i am talking purely technicals. They work or not in such a situation is another thing. At least one has some reference points.
A chain of events need to happen /get executed and MOST are connected as one follows the other.

[108BULLGURU]

I hope so too for the sake of all the long suffering shareholders YOU AND ME INCLUDED..
Market seriously disagrees with us though AT THE MOMENT.

[108BULLGURU]

true.If promoter wanted to sell why would he sell at 3 .why not when it was 156 or 65.Promoter will love to have 50 or 60% i think.
If i was i would to have full unchallenged control.

[108BULLGURU]

gr8 example. v logical.
Looking forward to that.

[108BULLGURU]

yes dear, but that is not called

FREE CASH FLOW I THINK.

I dont have an accountancy background. That is what i understand as a layman. Free cash flow is given at the bottom and is just 5-8 crores as far as i remember.

[108BULLGURU]

Thanks .Interesting observation.

FCF  still remains illusive.

No hard tangible assetts to show foer. only thing is receivables.

Hnece delays and issues in getting LOC  so far.

[108BULLGURU]

Agreed that on the surafce that appears to be the case. But will be wise and interesting to know the age of the receivables and their break up. There is a high possibility that company may be carryinbg forward old hard to receive receivables and that is very high risk for the company and its investors.

This could be the sole reason of delays in getting the LOC  in place..

[108BULLGURU]

When speaking on CNN,ET  etc it can be a legal nightmare and  one has to be very careful of what one is saying

as one is liable and can be sued later .

So that explains every thing to you.

U got the answer.

Have a think.

[108BULLGURU]

Shame. Investors missed the MOST IMPORATNAT  question and that is receivables.

If receivables are OK.

Then we survive

If not then even LOC  will be consumed if sanctioned and BCG can still SINK.

Truth needs to be know re the age of the receivables and their completre split.

[108BULLGURU]

Here is some one who understands how serious the issue of receivables is. I had shares in one of the first and biggest law firm in world markets anf they folded making me lose half million dollars just because of receivables when the CEO kept on telling lies through his teeth. Dont want the same story repeating here.

[108BULLGURU]

Dear Shoimik,

Thanks for both your responses.

Normally that should be the case as you said re profits and revenues et.. However it will help to know re the break up in terms of ge of receivables. Only then one can establish what is high risk receivable and what is not. Company may be carrying forward the old receivables turning stale or dead for too long.

Number 2

That is understandable.But these receivables also are counted in working out revenues and profits.The annual revenue is inclusive of these receivables and hence so is net profit. Albeit company has been showing as carried forward profits all that have accumulated yr over yr.

[Author]

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