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Viewing 20 posts - 101 through 120 (of 139 total)
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  • in reply to: Fundamentals and Business Related Activities #9122
    buffet
    Registered Boarder

    @rathi_b

    Thak you very much !
    One query- Any update on BDO audit and its status?

    in reply to: General Discussion #9067
    buffet
    Registered Boarder

    @tanv151

    Thank you for initiating this. As suggested earlier, I think we should be doing this every quarter.

    Please ask questions on BDO audit. I hope some of you have received E&Y audit copy. Can you plz confirm. Similarly, plz ask BDO audit copy as well.

    2+
    in reply to: General Discussion #9033
    buffet
    Registered Boarder

    Well said @tanv151..

    Vry difficult to match stature of dhirubhai.. thts y Ambani’s are undisputed king of Indian market..But we can atleast hand over his auto biography to SKR. I hope he will learn 1 or 2 lessons on how to take care of investor interests.

    in reply to: General Discussion #9012
    buffet
    Registered Boarder

    IMHO, Price is being kept deliberately low to avoid liquidation of pledged shares by axis.

    Total pledged shares = 5,95,44,862(not sure how many are with axis??)
    Current share price=5.30
    Total value of pledged shares=32 cr.

    This has been done all along to close out canara,sbi & axis loans.

    Canara & sbi already sorted out. I think, with axis loan closure, supression will end.

    in reply to: General Discussion #8876
    buffet
    Registered Boarder

    One query to every1-

    As of March-2020, BCG has 2,731.21 Crs. “Reserves and Surplus” in the consolidated balance sheet. Why can’t SKR pull some amount per se 30-40Crs & get done with its liabilities?

    What constitutes reserves & surplus?
    Does this mean BCG has 2700 Cr hard cash parked in some banks?

    https://www.moneycontrol.com/financials/brightcomgroup/consolidated-balance-sheetVI/LGS#LGS

    in reply to: General Discussion #8853
    buffet
    Registered Boarder

    I believe, at the max axis case can drag till Jan-2021.

    As per the Insolvency and Bankruptcy Code, 2016 (the Code), the procedure involved in the Corporate Insolvency Resolution Procedure should be completed within 180 days or within the extended period of 90 days and mandatorily be completed within 330 days including any extension and the time taken in legal proceedings. In short, the resolution procedure should be completed within 330 days, failing which the Adjudicating Authority will initiate liquidation procedure under Chapter III of the Code..

    I hope SKR won’t drag NCLT till Jan-2021.

    in reply to: General Discussion #8849
    buffet
    Registered Boarder

    @logan, @headstead @admin

    By any chance, can’t we nominate board of director?
    Retailers now holds sizeable chunk.even other big retail holders like Praveen khurana, priya prakash, anil kumar etc who holds 7-8 % could also very well align.

    May be we can support them or they can support us.

    Any way to initiate communication with them?

    Plz advice.

    in reply to: General Discussion #8848
    buffet
    Registered Boarder

    I think, price is getting deliberately suppressed. Otherwise why on earth Goenkas would buy @rs 7-8 frm oak, & further hammer down price till rs 5. Possible reasons could be –

    1. To hand twist the Daum & Axis to settle for less.

    2. Don’t let Axis liquidify pledged holding.

    3. Once LOC is in place, SKR will buy big from open market. Maybe whole of goenka’s holding. If price increases, SKR will have to arrange lots of funds for buy back. Thr seems to be deliberate understanding between G gang & promoters. Just wild guess.

    Once these objectives are fulfilled, real rally would start. Till then hold ur horses.

    6+
    in reply to: General Discussion #8775
    buffet
    Registered Boarder

    No issues @Rathi_b! Thank you for representing us…

    One suggestion – I think we should regularly meet SKR at least quarterly. It helps a lot. The F2F meeting is always better & productive.

    in reply to: General Discussion #8773
    buffet
    Registered Boarder

    @sateanna @rathi_b

    Any clarifications/additional info received from SKR on BDO audit & its completion status?

    2+
    in reply to: General Discussion #8762
    buffet
    Registered Boarder

    @Rathi_b

    Thank you for the update! I hope better days are ahead.

    Since SKR has already spoken to G-gang, can you please share some info on the below queries in brief about their role?

    1) What’s their agenda behind this price manipulation?
    2) When it will end?
    3) Is BCG/SKR planning to buyback from the open market in huge quantities to stop the operator’s play?
    4) Many have the feeling that operators are working on SKR’s behalf to corner more shares. Any clarification received in this regard?
    5) Any discussion around appointment & the role of Mr. Acharya in BoD?
    6) lycos has been already handed over to Daum. Is there any legal obligation to bring it back?

    in reply to: General Discussion #8747
    buffet
    Registered Boarder

    Huge volume today..24 million shares traded combining BSE & NSE.

    in reply to: General Discussion #8672
    buffet
    Registered Boarder

    @Rathi_b

    Thanks for the update. Tomorrow’s conf call with whom? SKR or Investor relations team?

    3+
    in reply to: General Discussion #8622
    buffet
    Registered Boarder

    My personal opinion is –
    1) I think SKR should initiate communication with G Gang in the better interest of shareholders. There should be some agenda behind this manipulation. Do they want representation in the company board or something else? They almost own 15-20% now through proxy accounts. It’s a huge quantity.

    2) The second option could be – Buyback from the open market in huge quantity as shares become available & marginalize the operator holding. BCG would need almost 50+ cr to absorb such a huge quantity. Daum can be further delayed if there is a fund crunch.

    3) If nothing works, BCG should consider legal actions. The legal proceedings with operators would be time consuming. Not sure it’s impact on share price.

    5+
    in reply to: General Discussion #8608
    buffet
    Registered Boarder

    @admin

    Please ask the below documents/queries in F2F meeting with SKR.

    1) E&Y audit report – In one of the conf-call SKR mentioned that he is ready to show the E&Y audited results of OMS if someone wish to see it in person. The OMS revenue is almost 40% of the overall revenue.

    2) BDO audit report – Please request for consolidated BDO audit report of 11-12 subsidiaries.

    3) In principle approval letter on LOC. I understand that due dilligence is in progress before the final grant. But there should be some communication in that regard.

    4) Till last conf call, we were under the assumption that funds have been reserved for daum settlement. Have we used those funds somewhere else?

    5) In the better interest of BCG, any plan to talk to operators who hold almost 20%?

    6) Can BCG initiate any legal action against price manipulation?

    7) Any large scale buyback plan?

    in reply to: General Discussion #8486
    buffet
    Registered Boarder

    Sometimes I think, sole operator play of price rigging is impossible without promoter support. Whenever the FII have to dump shares in open market, operator gang would be always thr to snatch it.

    IMHO,the price would be kept at low level till SKR would arrange funds for buyback from LOC. In short, price is kept low so that SKR could afford to get it back from operators.
    If price would appreciate, SKR will have to pay more for buyback.

    The real rally would start after LOC & formal buyback from open market or thr block deal.

    There is no smoke without fire.

    6+
    in reply to: General Discussion #8463
    buffet
    Registered Boarder

    I think it’s all same guys, operator-gang[everyone knows who they are] may be buying and selling & controling price at will. Today almost 6 million traded. I believe oak holding is getting distributed. Very frustrating 🙁 Observing this for the last 6 years. Not sure what’s their agenda? Wouldn’t it be more beneficial to them if they let the price to appriciate? 10x 20x. BCG deserves it.

    Are there any conflicts of interest between promoters & operator-gang? Why do they play in pennies? It’s beyond any reasoning… 🙁

    They almost own 15-20%. Not sure if they wants to distribute or hold? Several questions comes to every1’s mind. Not sure if they are intermediaries or genuine investors? If genuine then why to suppress? If intermediaries then on who’s behalf?

    SKR should bring their representative as board of director. At the end we all want BCG to reach its true valuations… win-win for evry1. Sick of this pathetic play.

    in reply to: Fundamentals and Business Related Activities #8400
    buffet
    Registered Boarder

    Fabulous move by SKR..Marketing maestro joins the board.

    Plz go through his linkdin profile(link given below); specifically recommendations received. His experience in marketing world could be game changer for BCG.

    https://www.linkedin.com/in/peshwaacharya

    in reply to: Fundamentals and Business Related Activities #8366
    buffet
    Registered Boarder

    Thank you @Logan !

    One question – Lycos has been handed over to Daum … isn’t it better off to let it go?
    Let Daum keep it.

    Lycos has created more issue than it deserved. I may be wrong. Is BCG under any obligation to get it back? Why to invest in the problematic assets? Rather BCG could use the LOC to grow current business without Lycos.

    1+
    in reply to: General Discussion #7818
    buffet
    Registered Boarder
Viewing 20 posts - 101 through 120 (of 139 total)