[108BULLGURU]

Thank you all for the welcome. Nice to be back among friends.
Views expressed belwo are just my personal views as i see from the information on the public domain and what the company/management has said in the past.
1.
My understanding is that company certainly has reached a verbal understanding if NOT AN AGREEMENT on the different termsof settlement with Daum which includes the amount to be paid.
2.
It is not being settled because comnpany does not have immediate free cash flow to pay Daum.
3.
If LOC comes then Daum issue will be settled quickly.
4.
If LOC does not come or is delayed then also i see a possibility of it being closed by March 2020 end from may be internla accruals.
5.
LOC is a dicey one.
Not easy to get when company does not have any hard asetts or tangible things to show for except some receivables to the tune of nearly 900 crores that too scattered in 15-20 countries and lender being in USA i suppose.
Not easy to establish how much they are worth net net and hence lender can’t quantify his risk.Under those circumstances no lender is going to lend 100 or 150 miln USD that too when the company has defaulted on previous loans with the banks which may have been there due to legacy issues etc etc.
6.
However 2 things are very clear.One is that management has made lots of bad decisions and that has resulted in hundreds of crores of cash burn out if not thousand of crores.Under that scenario it also means that if those cash burn outs due to wrong decision making were not there company would have had enough of mon ey to pay Daum and also pay decent dividend along the way and still keep some cash for healthy growth rate.
7.
I think if Lycos comes back then March 2019 year end accounts will need to be redone as Lycos revenue will have to be included. so eps will go up. Another thing to rememebr is that if and when BCG pays Daum then that 150 crore or sowrite off for Lycos comes back to BCG. So actually BCG will gain net net in its balance sheet as the amount paid i think wont be as high as the write off.
May have forgotten few things.
Look forward to your comments and thoughts.

[108BULLGURU]

I had a look at AFFLE eps .For finncl yr end 2018 it was arounfd 10 rupee and for finncl yr 2019 it was 20 rupee. So they have shown 100% jump in one year in EPS.
About trade desk, last time when i checked it , it was growing at i think 40-45% quarter over quarter.
About BCG if we go by the available information , its revneue is up a paltry 33% as far as i rememebr over last 4 years.
Well we do understand the constraints to growth re how so much of wealth was destroyed and the long wait re Daum settlement and its reasons.
So before market decides to start paying fair market price for its share, lot of things need to happen.

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