[admin]

@sobha – Fully agree

[admin]

I would sincerely request everyone to hold on any plans to meet at Hyderabad until the concall is over. See how it goes, if the questions are answered in a better possible way. Urge everyone to join the concall and ask questions according to the priority, continuing with points we discussed in a separate thread.

Understand there is time constraints in the concall to answer everything, but if questions around Daum, Global auditer name, Receivable financier, Axis debt closure etc are answered as per our satisfaction then it should make us content and in that case we do not have to plan anything like to confront the management with media pressure, private auditors etc.

[admin]

Hi @Logicalspeak

“This discussion in the new topic called future ahead should have been continued in this thread, so that optimistic and not so optimistic replays on th seams matter can be read by the visitors together and they can call for their decision.”

As per your request the new topic and related discussions has been merged in this thread. I agree with you, we should also be mindful of new investors coming to this board. Parallel discussions in different topics that too on similar subject even confuses frequent visitors.

[admin]

Hi Logicalspeak, messages posted by guest users takes some delay (15 mins – 3 hours) to appear as it requires manual intervention to moderate. Registered users can post messages uninterruptedly which do not require any moderation.

Thank you for all your valuable knowledge sharing and discussion. Keep posting!

[admin]

Hello All,

Thanks for showing patience. The site was down for couple of hours due to issues at host providers end.

Regards,
Admin

[admin]

Hi Venu, welcome to the forum. Could you please elaborate your concern. Also request to please go through the past topics to understand more about BCG.

[admin]

Hi Kpalji,
I am like any other viewer who is very much following updates from everyone here and just that I have an additional task of moderating the incoming posts.

Not any expert, but I see that the investor update has brought much needed respite among retail investors and may help prevent share price fall.

It conveys everything which we were seeking and shows management is also aware of investor sentiments. Of course many things are not yet confirmed but definitely things are progressing. We can get more on this in the next conference call and this can be the reference.

[admin]

Hope everyone is excited after the much awaited PO notice has come. Market has given thumbs up with UC in both the exchanges.

Here are the words from a highly regarded BCG investor who is also known as Professor,

“Muskaan is a foreign corporation by Mr. Subrato Saha, a long time friend of SKR, from IIT days. Mr. Subrato Saha was in the Board of Directors of BCG till recently and knows the company very well. This is as good a news as any insider investing. He would be investing in BCG after knowing about the company as an insider. Market’s perception as of today is that only the ignorant buy BCG. It is a welcome change that an erstwhile insider who knows about the company is putting in 30 odd crores. This is sufficient, in my opinion, for the markets to start acting more normally wrt the company valuations.

Also, it is logical to assume that good money is never thrown into bad just like that. So, if the Daum issue was indeed so crippling that the company’s future itself is questionable (like what the market thinks today) then the ex-director would not have ventured anywhere close to it, let alone pump in cash at double the CMP.”

[admin]

Done. It is corrected in the original post. Thanks.

[admin]

Thanks Saach. Majority of participants do not take the effort to go through conference calls, AGM, Annual results etc. and rather believe on others which in most of the case are rumours. It is very important to pay attention to what the management says and infer things.

[admin]

Hi Charlie,

I have approved your post since this one is interesting. Please do not come here with your usual stuffs which you are doing at MMB.

Regards,
Admin

[admin]

Hi @jmathew, Thanks for your genuine effort and concern to educate new and existing BCG investors, this is sole reason why this forum was started!. Moved your request as a new topic exclusively for SHP. In this way everyone can discuss and analyse changes in SHP every quarter going forward. Request you to amend the content with necessary details so that it is effective and understandable even to new investors. Alternatively I will check if it is possible to put SHP table-wise format in another page and link it with homepage.

[admin]

Thanks @Srd-rdx for making a valid point. This is being addressed.

[admin]

Thanks Lycos_Investor, much appreciated.

[admin]

Hi @Platinummember, Please go through the guidelines if you have not. Thanks

[admin]

Thank you Guest for bringing this out. This forum is for all and no discrimination will be allowed to happen.

I would like to echo 108Bullguru’s post in general.

Shoumik has clarified his use of Men in this context was to represent all the investors of BCG who shown patience all these year. In spite of having other scrips in their portfolio they spend time & effort to share knowledge in this forum. This is possible only when you are so attached to something.

[admin]

Hi Satyamite,

Nice to see you after a long time. We would like to see you here more often.

Regards,
Admin

[admin]

I would like to thank Raymond, Ian and others who asked relevant questions in a respectable manner and cleared the air on most of the pressing issues concerning the retail investors.

[admin]

Update from today’s concall:

Low CMP:
Suresh said the they are do not have any control in the stock price but ensuring that business is running well. Agreed that value realization has taken more time than unexpected. Said company is taking steps to resolve all issues like Debt, Daum, Big Four auditing, LoC etc and working to resolve issues one by one. Requested the retail investors to show patience for some more time and that company is at inflection point.

AI/ New technology/ Wearables:
Gave general update on importance of AI in agriculture, food, medical field etc. Brightcom also focusing in AI in digital media as well as Agri AI. Though only small contribution to the top line as of now, company is treading cautiously and not throwing lot of money it. Not only AI but other science based deep tech is being explored by the company to stay relevant in the industry and have few ideas in the mind which will be taken on in the times to come. The wearable (band and ring) is in back burner, it is still in the work and have not discarded the product or the technology but the focus right now is to sort the current issues first and later work on these launches.

Daum settlement:
It is still work in progress. Next meeting with Daum in the end of Nov to get agreement in place so that the amount to be paid to Daum can be announced to public. Following which the money to be paid will be lined up and any payment in this regard will further bolster the confidence of investors. Agreed that settlement discussion is taking quite a long time but hope the next meeting will fruitful.

Axis Bank Debt Closure:
There is little change in the settlement amount mainly in some of the parameter and that i being worked resolve it. Assured that later in Nov some announcement will be made in this regard.

Big 4 Auditor & Consolidating all subsidiaries:
Working with a renowned Big 4 auditor based in New York to consolidate all subsidiaries in one. This US entity will also help to facilitate financing initiatives being lined up. About 40% of revenue business is already audited by EY (a Big Four player) and rest by local players. Once the process is over, 100 % will be audited by Big Four auditor. When asked about the expected timeline, Suresh said it could take three months.

Pledged shares:
Selling of around Rs.40 lac worth pledged shares by one of the entity (Comfort Fincap) recently had created confusion in the market, this was primarily due to miscommunication between both parties. This pledge was for personal loan taken by Suresh. When asked about the figure of pledged shares to be released on closure SBI & Canara bank loans and the remaining pledged shares post that, Suresh said he do not have figures at the moment and will share the details probably as an investor update to the exchange.

LoC:
Once the issues are sorted, looking to bring investors – DII or FIIs. In his recent visit to New York he met with investor relations and investor bankers to line that up. Plan is to bring the investors in a way that equity is not dilution (like secondary buy from market or other method) and this is being worked out with reputed auditor based in New York as discussed above.

Dividend Policy:
Clearing of debt is inline with LoC (pre conditions for LoC) and also pave the way for dividend distribution as the Free cash flows gets improved when debts are paid. He said that he came to know few investors were skeptical with dividend policy declared but assured that it will be better in longer run when FCF improves.

weEndeavor Group and role of Jacob Nizri:
We-Endevour is a a group of executives who are with BCG. This group was formed since BCG is unable to give them stock options from the company due to issue with International issuance of stocks (basically in Israel). The group have more freedom and they still part of Brightcom Group and manage Brightcom Group. They have flexibility and freedom to work on non-conflicting business areas. weEndeavor is an entity which BCG does not control but instead BCG is contracting individuals from weEndeavor and is more of an arrangement to tackle the complex employment laws in Israel. More of an arrangement between Jacob Nizri, Shahar, Shirley and Yaniv. These four individual are in the business with longest time in terms of industry experience and this is a convenient structure for all parties to flourish without any conflicts.

Affle Valuation and Discrepancy with market:
Suresh said last week one analyst had a call to discuss about the Affle valuation and the reason why BCG lagging behind in spite of much ahead of Affle in many of the parameters. What Suresh is trying to do that even if he is not able to grow the business this year for example and instead work only on the steps to bring back confidence in the stock by changing the perception, the Market Cap of BCG will also be in line with these players. Assured that he is working to resolve all current issues and reiterated the company is at an inflection point. Timelines cannot be given as some things not in their control for example the NOC was obtained very late in spite of clearing debts this July. Affle is a fresh company which took entry into the market and was able to take the advantage to get the market potential. BCG will also make trust building measures to clean the reputation in the market. Like how the investors are frustrated, the management is also bothered and looking to get the credibility in the market.

[admin]

Many thanks Patelking. Your input will definitely help others who are in the process of trying to solve the maze behind BCG.

[Author]

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