jmathew

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  • in reply to: General Discussion #8234
    jmathew
    Registered Boarder

    Dears, is there any kind of well-planned price manipulation going on? If we look into the June shp, 51 percentage is with top 13 investors/groups (including NRI, bodies, and cooperates). This is without oak holding during that time. Also, from May to June the number of retail investors increased from around 30 K to 41 K but the percentage of the holding decreased from 4.7cr to 4.3 Cr. Please share your views.

    2+
    in reply to: Fundamentals and Business Related Activities #8142
    jmathew
    Registered Boarder

    Last year August BCG was trading around Rs 3 to 3.5 range with lots of uncertainties. There was no clarify on OAK, Loan to Indian Banks, Pledge shares, Daum settlement and Subsidiaries.
    Now we know that
    1. OAK exited. (let us wait for official confirmation from the MGT)
    2. Loans to Indian Banks (we know that only Axis is pending now and it will be closed soon). I believe Axis is a done deal.
    3. Pledge shares are reduced from 59 percentage (in Sep 2019) to 33 or less as per June 30, 2020 SHP and more will be released once Axis is closed.
    4. Daum closure (last stage as per the company’s discloser to the exchange). I believe it is a done deal.
    5. US subsidiaries consolidation is done with the help BDO world’s 6th largest auditing firm.
    6. Israeli subsidiary is fully audited by E & Y (around 38 percentage of the total income)
    7. LOC is approved and due diligence process is underway as per the last con call. Once LOC is available 20 to 30 % more growth is expected.
    8. New investors please go though the last CC. https://finance.yahoo.com/news/edited-transcript-lycos-nse-earnings-211340403.html
    9. BCG is trading @ pe 1, where the average industry pe is 23
    10. Book value is 55 plus.
    11. Total income is around 2800 cr and profit is around 400cr
    12. BCG is highly highly undervalued (as per my view)
    13. Please do your research before buying or selling BCG.

    in reply to: General Discussion #7999
    jmathew
    Registered Boarder

    Affle is trading @2170, Consolidated book value is 90 and eps is Rs.26. If they decide to split the share to FV 2 then the price will be around Rs 430( eps 5.2 and book value 18).
    BCG book value is Rs 55, eps 8.67, and trading below its eps.
    BCG is highly undervalued and I believe LOC will be the game changer and it will take the price above the book value. SKR needs to close the axis issue and Daum asap.

    in reply to: General Discussion #7959
    jmathew
    Registered Boarder

    Dear Just my views are below.
    1. Listen and believe in the updates from the Management.
    2. LOC will give the answer to all doubts about BCG. Many investors are thinking whether the income/profit/EPS is real or fake.
    3. Once LOC is done, it will be next to impossible to enter into BCG before it reaches its fair value
    4. LOC is expected at any time, hopefully in this quarter.
    5. There is nothing worry much about AXIS or Daum, it is a done deal. (of course, it is getting delayed beyond our expectation)
    6. Expect a minimum of 15 % more growth (Q on Q ) in Q3 and Q4.
    7. Lyco’s income and profit will be added once Daum is settled.
    8. Marjory of Pledge share will be released once the AXIS is settled.
    9. Book value is around Rs 60 and will increase once daum is settled.
    10. Imagine what will be the price of BCG in May 2021 (with all the issues are resolved) and income over 3000 CR and EPS over Rs.10.
    11. Those who believe in BCG story please stay invested at least for the next 10 months.

    in reply to: General Discussion #7931
    jmathew
    Registered Boarder

    Global Employees 462 and PAT 440 cr as per yesterday’s notification to exchange. That means on average each employee is generating a profit of nearly 1 CR. Looks great. I hope BCG will get LOC soon. LOC will take BCG into a totally different orbit. price should move towards the book value.

    11+
    in reply to: BCG’s Israeli Connection #7266
    jmathew
    Registered Boarder

    As per https://www.edgecase.ai/ site, lycose is a partner or client of edgecase.ai. ( end of the page.)

    0
    in reply to: General Discussion #7225
    jmathew
    Registered Boarder

    Below something to note.
    BCG BV in, 2016 – rs 43, 2017 – rs 51, 2018 – rs 59 and rs 2019 – rs 63.

    0
    in reply to: Shareholding Pattern – Analysis #7080
    jmathew
    Registered Boarder
    Topic Author

    Dears please find few details related to latest SHP (June 2020)

    1. Promotes 36.72 %
    2. OAK – 6.57 %
    3. PRAVEEN KHURANA – 1.08 % (you may refer to the latest conference call for
    his stand on BCG). His name was not there in Q1 2019 SHP.
    4. Non-Resident Indian (NRI) – 11.20 (increased from 6.91 in Q1 2018)
    5. PRABHAKAR REDDY NARAPAREDDY – 1.09 % (Maybe from promotor’s team) his name
    was also not there in the old shp
    6. PRIYA PRAKASH – 3.74 % (every quarter holding is increasing. )
    7. Bodies Corporate – 12.69 % (256 investors, holding increased from the last shp)
    8. AKG FINVEST PRIVATE LTD – 3.75 % (ASHOK KUMAR GOENKA, /NAKUL GOENKA
    directors)
    9. GOENKA SECURITIES – 2.52 % (ASHOK KUMAR GOENKA/NAKUL GOENKA directors)
    10. UNO METALS LTD – 3.82 % (RAJESH GOENKA director)
    11. EDELWEISS CUSTODIAL – Last shp they were holding 1.05 %. Not showing now, maybe due to the new PO shares and their holding is less than 1 % now.
    12. Foreign Portfolio Investors – 0.23% (a new one, was not there in Q2 SHP)
    13. Clearing Members–0.45%
    14. Trusts 0.29 %
    15. individual share capital up to Rs. 2 Lacs (30505 investors) – 9.27 %

    2+
    in reply to: General Discussion #7031
    jmathew
    Registered Boarder

    Dears, Please find the link for 2019 annual report.
    https://www.bseindia.com/bseplus/AnnualReport/532368/5323680319.pdf
    BCG is not included in the revenue of Lycose inc. (page no.5)
    page no.34 more workforce force for AL And ML
    shareholding very interesting. ( page no.39)

    All, please go through this whenever you get time.

    Attachments:
    1. 5323680319-1.pdf
    0
    in reply to: General Discussion #6286
    jmathew
    Registered Boarder

    BCG’s eps is Rs 9.24 (FV 2 ) and Affle eps is Rs.25.34 (FV 10).
    If we split Affle FV to Rs 2 then EPS per share will be rs 5.07 and the share price is 1550/5=Rs 310.
    So, BCG with eps 9.24 trading @ 6.30 and Affle with eps 5.07 trading @ rs.310.
    BCG is present in many countries and is much bigger than Affle.
    Can Affle share price double from here in a year?
    Can BCG share price increase to 15x – 20x in a year, to its fair value?
    I expect smart investors including some biggies from Affle will move to BCG soon and will be able to make multifold returns.

    0
    in reply to: General Discussion #6276
    jmathew
    Registered Boarder

    Thanks for correcting me. You are absolutely right.

    0
    in reply to: General Discussion #6274
    jmathew
    Registered Boarder

    BCG’s eps is Rs 9.24 (FV 2) and Affle eps is Rs.25.34 (FV 10). If we split Affle FV to Rs 2 then EPS per share will be 6.35 and the share price is 1550/5=Rs 310. So, BCG with eps 9.24 trading @ 6.30 and Affle with eps 6.35 trading at rs.310.BCG is present in many countries and much bigger than Affle. Bcg’s next stop will be at its book value subjected to the news flow and closing of the pending issues, I confident that they will close the issues soon. I expect investors will shift from Affle to BCG soon and will be able to make multifold returns.

    0
    in reply to: General Discussion #6252
    jmathew
    Registered Boarder

    https://simplywall.st/stocks/in/media/bse-532368/brightcom-group-shares

    Trading below 94% of the fair value..Then what is the minimum fair value..market will decide it in coming months..

    0
    in reply to: General Discussion #6236
    jmathew
    Registered Boarder

    From CC Feb 2020
    Then Oak shares. Yes, there’s been a question about shares owned by one of the private equity firms who had invested in the company in 2010. I know their fund is closing, and what do we do? So we have been working very closely with them. We have identified a buyer for that, so we should be able to help close that. So I’m making sure that those shares don’t come into the market. This is another big effort that has been — that we have been working on from the corporate side.

    Let hope that shares will be transferred to a new investor with a premium price asap.

    What do they mean by corporate side?

    0
    in reply to: General Discussion #6234
    jmathew
    Registered Boarder

    News on March 16, 2016.
    Shares of Lycos Internet (earlier known as Ybrant Digital (before that it was LGS Global)) are locked at 20 percent lower circuit at Rs 19.05 (fresh 52-week low) on Wednesday after its US subsidiary filed for bankruptcy protection.

    Below some interesting facts.
    BCG BV in, 2016 – rs 43, 2017 – rs 51, 2018 – rs 59 and rs 2019 – rs 63.
    This year it will be around Rs. 67, book value has increased more than 75 percent during the last 4 years.
    Expect the share to go up above Rs 20 as soon as Daum closer news is out. It is a done deal.
    All issues will be sorted out and LOC will be ready before Dec 2020 and the share will trade above rs 70 by end of this year. This is my view and belief.
    Cheers.

    0
    in reply to: General Discussion #6231
    jmathew
    Registered Boarder

    @SRD Great. PO approved, so Axis loan ( less than 9C cr) will be closed very soon. Let us safely assume before June 30th, 2020
    Daum closer at any time from now again let us safely say by June 30th, 2020
    The result may by end of this month or maximum By June 15th
    BDO report consolidation Maybe along with result or maximum by June 30th.
    LOC, 4 to 6 months after the BDO report.
    OAK exists – is there any time frame for this? if not why they should exit. They will be looking for their minimum investment price that is around Rs 40 per share.
    NYSE listing – That is a long story maybe after we hit rs 300 plus ( I think 4 $ is the minimum list price + tones of prerequisites)
    Divided – My be by September 2021.
    Cheers to All long team investors. Don’t sell a single share. We will see continuous UC’s from here until we reach the minimum fare value that is the book value of 68 Plus.

    0
    in reply to: General Discussion #6221
    jmathew
    Registered Boarder

    Cheers

    The BSE Limited
    P. J. Towers, 25th Floor,
    Dalal Street, MUMBAI – 400001.
    Scrip Code: 532368
    The National Stock Exchange of India Ltd.
    Exchange Plaza, Bandra Kurla Complex,
    Bandra (E), Mumbai-400051.
    Symbol: BCG
    Dear Madam/Sir,
    Sub: In-Principle Approval for Preferential Issue.
    This is to inform you that we have received the in-principle approval from NSE, today (May 13,
    2020) towards the allotment of 3,14,00,000 equity shares through Preferential Issue as per SEBI
    (ICDR) Regulations, 2018. The Company is working on the next steps to complete the preferential
    allotment.
    This is for your information only.
    Thanking you.
    Yours faithfully,
    for BRIGHTCOM GROUP LIMITED

    0
    in reply to: General Discussion #6214
    jmathew
    Registered Boarder

    If we set aside Axis loan, the remining major outstanding issues are
    1. PO, some portion of the money may go for Axis bank loan closing
    2. Another portion may go for Duam initial payment (just my view)
    3. Consolidating 12 entities under one US subsidiary by BDO Global. (may be by end of this month or by June). They may announce this only after Daum closer
    4. OAK share – As per my thinking they already have an investor who agreed to purchase the share at a pre agreed price. May be above Rs 40. This may also happen after Daum closer. Question is there any timeframe for OAK ?
    5. Then finally LOC after 4 to 5 months of BDO report.
    So, I think PO and Daum closer is the need of the hour now. Till that happen share may trade between rs 4 to 6.

    0
    in reply to: General Discussion #6066
    jmathew
    Registered Boarder

    Full year (19-20) EPS will be around Rs. 10. The need of the hour is final notification regarding Daum closing, Axis loan closing, pledge share release and some dividend. Once Global auditor report is out (due to the current situation this may delayed) and after all outstanding issues are resolved BCG will find its fair P/E. Even if 20-21 full year eps Rs. 5, BCG need to trade above its books value. Rs 6 from here is 100 percentage profit.

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    in reply to: Shareholding Pattern – Analysis #5961
    jmathew
    Registered Boarder
    Topic Author

    As per Q3 SHP Total number shareholders are (including promotors) 29207 and individuals with share capital up to Rs. 2 Lacs is 28007 and their holding is 11.64%. That means 88.36 percentage of the shares are with Top 1200 investors.

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Viewing 20 posts - 41 through 60 (of 74 total)