[108BULLGURU]

That 25 crore was only from operations in India. There are 20 other  operations all over the world.My concern is that trhere is a high probabilty of similar situations cropping up inb the remainder of 20 companies across the world. Then that leaves the organisation with massive write offs. I have asked many times about the break up of receivables but the comnpany has never provided how old and what receviables in which country are.Thatat least gives investroers an idea about the risk. Not providing them raises red flags and doubts about them if they will ever be recovered

[108BULLGURU]

but the y wrote off 25 crore for standalone in last qrtr. So if that happens to other segments it wipes 500 crores of the balance sheet

[108BULLGURU]

Nothing happens till Daum is sealed and signed and then follow up on other things. So stock is not going to go up in a hurry in my opinion even fundamentally.

Lot of water to flow under the bridge and lot of things to be sorted out and fall in place.

One can always enter on abreak out at 5.05 and 7.05.

Just my views only one man’s opinion.U do what suits you and your personal situation and investment style

[108BULLGURU]

Agreed.My preliminary diagnosis since Daum   issue developed seems to be true. So once Daum signs on the dotted line every thing else will fall in place including LOC,Stock price big four, U can keep adding.

I can see evn NYSE  listing coming once big four in USA  are in place after all subs a/cs are consolidated in USA A/C.

THanks to all the selfless contributors.

PS. However keeping past in mind nothing can be taken for granted TILL IT HAPPENS. Hence the stalemate as sentiment is so badly damaged.But markets also are very fickle and they can change in the batting of an eye lid.

[108BULLGURU]

I used to say he could be a vicitm of the circumstances.
and he said the situation we are in is of our own making.
Got some lessons.Now treading cautiously.

[108BULLGURU]

preferential shares is still lot of smoke and mirros.
I think once things settle down with Daum lehgally then LOC will be in place quickly and preferential issue wont be needed.
Noise just putting stock under pressure and so also Daum under pressure to sign on the dotted line.Dam also cant keep going indefinitely. So their patience also must be running out like hahahaha us retail investors here.
All good. Give it time.
We hit pe ratio of affle in 15 months to 2 years time if all goes as per the plan as growth rate will also shoot up once LOC is in place.

[108BULLGURU]

see issues of free cash flow, LOC, Daum amnd only paltry 33% growth rate Vs peers at the moment.If all these issues disappear and we start grwing at the same clip as competitors like Trade desk and Affle then there is no reason why BCG cant sell at near similar valuations. At the moment market thinks it is fairly priced. In indian market a stock can go up 100 times in one year.
So zero or hero scenario continues..Promoter got a lot to gain by getting things right and lose evey thing if they cant.
simple

[108BULLGURU]

I have an open mind about the promoter and the company.They may purely be a victim of the circumstances and may be fighting hard to defend their patch long term..But i could be just hoping like ALL OF YOU LONG SUFFERING LONG TERM INVESTORS.I have defended them for 4 years or so.
But do rememeber Satyam was a very big company and Raju was a very very capable man and very much respected and recognised and no one could dream what happened in SATYAM.But it did.

[108BULLGURU]

Delistring wont be easy as most retail shareholders are big holders with deep pocketrs and wont accept any thing less than 500 or so. Courts are always open and they can fight it out. There are examples of some very big companies being forced to pay through theri nose while delisting on BSE/NSE.
I think LOC wont happen and Daum will be settled through internal accruals before March 2020 end.Even preferrential issue may not happen as after Daum settlement LOC will come v v quickly and then no more cash will be needed and promoter can reverse the entry of money it has lent to BCG.Cheers.
PS. Promoter i think cant apply for preferential issue with the money sitting in BCG.This money got to be out of BCG to make an application i suppose.
Interesting times. Dont worry.There is no margin for promoter to make any MORE mistakes or do any hanky panky as ED already got the balls in one hjand and the neck in the other.If any thing wrong happens you can always go to PMO and lodge a complaint. Authorities are very alert and vigilant and no corporate fraudster can go unpunioshed if at all any thing illegal happens.Any company or promoter will be scared to death to do any thing wrong in the current environment.Be aware of your rights and be ready to raise your voice with appropriate authorities. If you won’t they wont have a dream about it all the time.IF U WONT PROTECT YOUR INTERESTS ,NO ONE ELSE WILL. SIMPLE.

[108BULLGURU]

Well done.
They are very important questions.
I did not get an appropriate response.
Some thing for detailed look into for ….

[108BULLGURU]

Good questions.Make them brief and punchy.Dont expect any straight answers though.Even if you get them the fulfillment is another issue.

[108BULLGURU]

That is good to know.
I will be very happy for you and all the long suffering investors who bought so high when it turns around.
My sight is now on May 2020.
Looks like by that time all the black marks on BCG
will be behind us.

[108BULLGURU]

WOW.
That is called conviction with confidence.
Just imagine if current investors can ask 1000 of their friends to
just buy 10000 shares each of BCG at CMP that is 10 million shares,what it can do to the stock.

[108BULLGURU]

How many did you buy dear?

[108BULLGURU]

I think it is a good idea to stop imagining ghosts and accept the things the way they are. We make or lose money on the market price and not on any imaginary figure.
And the real stock price is below 3 rupee.
Issues that the company is facing are real .They may disappear in coming quarters.It is not unusual in indian stock market fro a stock to appreicate 100 times in just 1-2 years.
No one will pay the 7-10 times of bv where it actually should be selling.
I think it is not easy to manipulate a stock price for so long and so low.
Just think about it.If the investors who are here have the conviction and they got just 1000 investors to buy 10000 shares each at current market price, that is ten million shares. So i think either investors dont have the conviction to do that or they just have not made an effort.
Imagine many of us here have bought shares in lakhs to average down our price as we bought v v high. stock is stilll bleeding and selling so so low.

[108BULLGURU]

All good.
However.(6. Increase in promoter holding by release of pledge shares when ?) the release of these shares does not in anyway increase holding or % of promoters of the issued stock as on date as they are just the shares that have already issued and owned by the promoters.

[108BULLGURU]

final flush down of weak hands and short term traders happening.

[108BULLGURU]

As was expected . BCG is falling on low volume.I wrote before that those who bought just now for a quick buck on the 1 H numbers will try to sell and get out. Happening now.

[108BULLGURU]

I am neither here to tell here any one to exit or enter nor to be told about it.
We just share information as it is and may be our feelings about the whole saga and
let people decide what they want to do as
we are all adults.
I have put a compaint with PMO and i will wait for that to reach its conclusion.
Most are in because they find the loss too big to take and are happy to risk remaining 5% or so of their capital that is left here in BCG.
That also is the reason only few have increased holdings and averaged down as most did not have the resources to average down or dont have the confidence or trust ….in whatever U want to think about…..

[108BULLGURU]

There is no conviction with most of investors.
They are just hoping as most got trapped v v high.

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