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adminKeymaster
The CEO reiterated that the focus is on growth – ROE and FCF which is what matters most to the shareholders. I remember in one of the conference call, one caller casted doubt that enough is not being done to improve the share performance and suggested few things (like inviting MFs) which did not go down well with CEO and that was the only time I felt CEO to be little annoyed. In hindsight, the evidence of meticulous planning of years is visibly clear, paving the way to improve the shareholders wealth in the most rewarding manner and those who kept faith and patience are reaping all the gains.
Requesting Logan, HW_TW, Odysee and all others to share your thoughts on today’s call.
adminKeymasterI have sent the below set of questions to IR. Thanks again to @hw_tw and Logan.
On Financials and the market
– Any change in the guidance numbers for the next two quarters.– For the current quarter since we are half way through, what is the run rate you are seeing and if there is any revision
– There is a mention of 250cr CF in Q1FY22. Could you provide revenue and PAT guidance for this quarter too
– Can we get a breakup of growth figures from Brightcom, Compass, Protector and BLocal business
– What were the key drivers of revenue growth, can we attribute this to increased number of impressions or increased cost per impression or Google MCM partnership or something else
– It’s mentioned that we are clocking around 60 billion impressions per month. What’s the growth rate of this number compared to last year. If possible, could you please publish this number along with publishers, agencies count on quarterly basis
– We have seen a dip in AdAuth figures from around 52K publishers to around 47K, thought this has not impacted revenues. Any specific reason for this drop, can we see this increasing in future and most importantly how much we attribute this to BCG’s revenue
– Are we planning to launch BLocal in any other countries
On partnerships
– How much percentage of revenue we are clocking from Google MCM partnership. Do we see more players becoming MCM partners in future and if there is any impact, how are we planning to mitigate this– Like in the past are we targeting any country specific exclusive partnerships with players like FB, Microsoft or in Audio ad space like with Spotify or other players
On Acquisitions
– Any update on Indian DM company due diligence. What’s the outcome, are we going ahead if so, will it be possible to reveal the name of the company and tentative timeline.– Any update on growth of this company in terms of employee count
– In general the IT Industry is facing challenges like Attrition (the Great Resignation), increased Salaries, Travel restrictions etc. Are we seeing any similar challenges within BCG or with the target DM company
– Given that audio Adtech is an evolving industry both in terms of technology and market, what kind of acquisition we are targeting at. Will this be a pure product company with smaller team or a service provider or a combination of both
– What would be the size of Audio Adtech companies we are in discussion with both in terms of team size and revenues
– What kind of valuations we are looking at. Given that BCG’s valuations are still low compared to other Adtech companies and given that there will definitely be a difference with the target DM or the Audio Adtech company. Any valuation higher than BCG’s current valuation might have an impact from the market. How do we plan to address this as the growth rates of the target company and the value addition which it brings on table for BCG can’t be quantified.
– Are we looking at multiple acquisitions in Audio Adtech space
– Will Mr. Satish Cheeti be operating this division from India or he will be sitting in the US close to customers.
– What will be the target revenues we can expect from this segment in this FY and for the next FY.
– What will be source of funding for this acquisition and will there be any equity dilution at the subsidiary level or will it be from the cash flows generated internally
– Do you have plans to acquire a CTV ad company?
LOC
– Now that there’s growth in the business without additional funds, do you see the necessity of an LOC?
Nasdaq listing
– Last time you had mentioned that we need to get the right valuations in the Indian market before we look at Nasdaq listing. I understand from fellow knowledgeable investors that we match all the criteria for Nasdaq listing. Do you feel that this is the right time both in terms of timing and given the bucket list of to-dos on our side or we have to wait for it. Any updates on this front.MSCI Smallcap Index Inclusion
– What will be the effect of this inclusion in terms of fund inflows. Do we expect any MFs entering.ESOP
– Are there any shares accumulated as of date, is this planned for this or next FYOther queries
– Given that there are other forms of asset / content monetization models … like subscriptions, NFTs etc; do we have any plans to enter this space or go deep in Adtech space itself
– We are seeing from other listed Adtech company like Affle that there is also a good market scope for Cost Per Customer Acquisition model at least in India. Do we see similar scope in US or any other country and any plans to get into this space either with in-house technology or a new acquisition
– Given that we are strong on SSP side, does it make sense to also enter into DSP side too with in-house product and provide end to end capabilities to customers across
– Do you expect Android to make similar changes to its privacy policy like Apple/iOS did?
– What’s the impact of global supply chain issues on BCG (and it’s subsidiaries)? Does it lead to a cut in ad-budget by advertisers?
– What headwinds do you see for ad-tech companies in the future?
– Annual Report and AGM updates
adminKeymaster@Brightspot – Sure, you may start a new topic for Suzlon in the Hidden Gems section of this website – https://brightcominvestors.com/hidden-gems/
3+Thanks @Logan – Your research and thesis have been 100% immaculate. We have been so lucky to get a mentor like you disseminating valuable information at an early stage. Some of your writings in this subject will continue to help as a reference of study for all the new investors/analysts wanting to understand the Ad-Tech space.
Some interesting facts: Brightcom Group ranks 13th in the list of highest PAT (TTM) among 208 IT-Software companies as per https://t.co/GP6M7WjTaa. Had there been an index for Ad-Tech sector, it would rule the charts.#AdTech #NewAgeCompany pic.twitter.com/JjqDKjpons
— Brightcom Investors Forum (@BrightcomInvest) September 24, 2021
@Logan – The third point which you stated “3) Company has changed its name few times so it must be a fake company”, was the reason given by the moderator of Valuepickr forum to lock the BCG thread.
I was the reason why they locked the BCG thread as last year I was posting about important events in Valuepickr BCG thread as well so that more investors benefit out of it. They summoned me saying I am biased with positive side only, and asked for my identity proofs and the reason why I should not be banned. I provided all necessary evidences, and they left me saying I should not be posting biased posts. The same day they blocked the thread as well with the same reason. That incident/moment was my lowest point in my investing journey with BCG as it questioned my abilities. That the founders of Valuepickr forum are not thinking well about the company, but I stood my ground and continued here.
I am waiting for the day when they are forced to reopen the thread again.
If the projections work out as conceived, we will be heading to have a bright time. Management would have considered whether they want to hold greater stake in a smaller company or do they want to grow the company bigger (especially at a time when growth opportunities in this industry is knocking) though at the cost of little dilution. The later option is always sensible and I am sure the maths is done right.
@conservative_indian sir has started telegram channel from today. Please see his below message.
Moneycontrol is not allowing my ID to publish any post. Even simple one line post without any weblink is getting removed immediately after posting. Any one can search Value2Wealth or conservativeindian as key words in telegram to search. We can share to reconnect. Thank you.
Welcome @Brightspot to this forum. You are doing a good job in the mmb towards investor awareness and I like your energy.
You may use the technical discussions thread to share your thoughts on price projections. Here mostly the discussion is about business/ industry developments so that new investors can understand the value and not take it as buy/sell call.
@conservative_indian – Sir, many thanks for visiting and sharing your thoughts in this board. I read that you have dropped the idea of paid forum and instead looking to start an open discussion forum. Please let me know if I can help you on this.
What I can do for you is,
– create a new site with your choice of domain name (e.g. conservative_indian.com)
– make yourself and chosen members as moderators. I can also assist in the moderation work like daily approving of new registration/messages, filtering spam contents, taking action on abusive users etc.
– forum structure similar to hidden gems column which we have here. With some topics marked as locked, where only you can post and it would be good for users to understand the story in a chronological order with no clutter.
– support during downtime/crash
@sknatani – Please feel to create a new topic (from hidden gems homepage https://brightcominvestors.com/hidden-gems/) for any specific script.
2+@buffet – I am very excited with the news and things are coming out even faster than expected. The statement says “This is done with intent of strengthening our back-end to prepare the Company for the growth.”, which looks like company is foreseeing good business growth in digital media segment and building the workforce to cater the demand for next many years. Does this mean it is taking Indian market seriously which we were discussing? Or it is to support worldwide operations or may be both? Either way, the news is welcomed by all the investors and deserves the attention of national media 🙂
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