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Bullguru ji, it could be a point, if it is, then its very good.. but we dont know whether to believe SKR or not..

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Tanvi151 ji,

Avanti feeds standalone EPS was 7.7 and consolidated was 8.71, so just 1 Rs is from other subsidiaries, do this comparison with Brightcomgroup and see how much % of Earnings are from Standalone business, then you would know why market trusts Avanti more than BCG

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One thing, can anybody show me a website link from an overseas company to Brightcom Group?

anycompany ->> linked with ->> brightcom group

Like in About us page, they mention they belong to a bigger group.. here any company ( supposedly a subsidiary ) telling they are part of Brightcom group..

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From the last conf. call —- see the person asked for why financial statements of subsidaries are not uploaded.. SKR confused him with Daum case, dont upload the financial statement of one subsidiary which owns Lycos, but what about other 100s subsidaries owned?

Question from Audience —
Sir, most of my questions are answered, but I have 2, 3 doubts. Last time when I spoke to you, you said that this subsidiary financial statements audited will be on the website within 1 month, but it’s still not there. May I ask you why?
——————————————————————————–
Muthukuru Suresh Kumar Reddy, Brightcom Group Limited – Founder, Chairman, CEO & MD [3]
——————————————————————————–
There was — I mean, this will be — I actually did not update you on the Daum. This is a good opportunity on trying to update you on the Daum settlement. See, what is happening is we have been talking to Daum, which is now Kakao, who were the seller of Lycos Inc. And we have verbally and in a draft level a settlement that’s already in place.
Now what is pending here is we need to close that. We need to actually fulfill that, for which the cash flows have not been full clear. And since this is not yet being done, so we were advised to hold off on uploading this till that legal dispute is settled. And that’s the reason it is being stopped. The moment it is done — so my instruction to the team was to upload exactly what we suggested, but then there was a legal point of view that was taken and said we will wait till the settlement is done. So that was the call we took and we did not upload.

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He could as well be making up numbers and burning these saying he bought so many companies. But who knows how many companies he ( BCG ) actually owns… as for Brightcom Israel, they are independent.

All the activities are out of Indian Audit limits and so he can say anything. He can say he bought google and starts recording google’s profit in BCG reserves, how could one stop him from doing it? Just think…

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SKR said he is getting overseas business consolidated and will then get BCG audited by Big 4, is there any clarity how much of the consolidation process is completed, which all subsidiaries would be consolidated into what? No, he probably just made up this story.. he says lots more that what is submitted to the exchanges, because he is allowed to bullshit in conference calls, as they have put a disclaimer that in conference call there could be forward looking ( bullshitting) statements and they cannot be held accountable for these.
He never informed the exchanges that consolidation of overseas subsidiaries has even started, but he did informed about the intent to do so. So when intention was informed, then the start of process would as well be, but was not done.

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One big problem is, ( very big )
Net Profit rs 444 crores
EPS rs 9.32
Reserves 3169 crores
Book value 69

these numbers above are unaudited, just what SKR has told to the markets and markets have rejected it straightaway, like get out loser we do not believe you.

Consolidated numbers from overseas subsidiaries are worthless.

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Friends, technical analysts.. how low do you expect BCG to fall now? I am expecting between 3.9 to 4.5 or maybe 2.8…
What are your opinions

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“if” 108bullguru, we dont know whats the reality is.. if SKR is a crook or just a joker.. all we know is he is not a man of his word.. he just says things… lets hope daum settlement happens before we lose patience… but a game seems to have been set by the operators..

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prices got equal on both exchanges..showing as 5.55 in Zerodha..

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Shoumik ji,
I would appreciate if you can point to any concrete information submitted to exchanges..
On wikipedia anyone can write anything, it gets corrected when others complain or correct it..
Coming to BCG, it wrote a lot on wikipedia and most of it is debatable, my point was, if there was anything they would have told to stock exchanges first. Most of the business could be pre Lycos era. All the acquisitions they did pre Lycos, can you please give me name of one company and their website, as, as per SKR these acquired companies operate separately and hence should have their own website ( atleast )

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Shoumik,
Can you clarify what you mean by “Expansion is going on in full swing and in various geographies keeping great margins which tell us about the quality of the business.”

Can you share any info from what is submitted to the exchange?

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Do we know at what price these 59% shares were pledged? I think this was for the 71Crs of debt… ??

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I think for some reasons Goenkas are moving the shares to AKG FINVEST LIMITED…

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101BULLGURU ji,
you mentioned case is with ED, which case are you referring to?
thanks.

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Allenasrini, what attracted you in Brightcom group to pick such a big quantity, you probably bought on the big spike in Jan ’18, ignore my query if you donot want to share.

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just curious, what is the average price of people in this group, mine is between 5-5.50

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Agree 7.5 breakout would be a big one… currently it is again crossing the 20DMA from above ( bearish short term ).. hope it bounces off from this level today or latest tomorrow

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Dear 108BULLGURU,
what is your basis of suggesting it as a buy with buy stop at 7.50? Curious to understand you point of view.

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If someone is 100% sure that this company has value and it would double or triple in future then it is a blind buy, but, but, if SKR is playing another game then we will ending up trapping our friends like we are trapped..

I am holding this company, on hopes that the share price would revive and give way to exit at some time..

SKR so far is a big time loser, waste of time and money, he had golden days of IT boom, from IIT, yet see his business acumen is so tiny, he did not see Lycos would destroy the Ybrant digital. I was happy the way Ybrant digital was performing then they bought Lycos, I saw it as buying a white elephant. Bad business decision, SKR does not want to introspect. Now he has lost his golden performing years too, he is an Old cat, defeated one. Let s see which PE investor would trust him. He might not be a fraud, maybe a techie, but certainly not a Business guy. A big Zero, we all are hoping to become our hero, time will tell, we have placed our bets on him.. but scared to ask anyone else to invest here, unless there is some clarity coming in from the Company.

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