[lycos.rags.to.riches]

Until atleast one of the issue is resolved and the stock consistently trades in the high double digits, negative mongers are going to have a festive season in the MC board and we cant do anything about it.

[lycos.rags.to.riches]

I assume/hope Axis settlement should take the share above 15 and provision of LOC should take it to its real value.

Hopefully SRK find some new investors in the meantime.

[lycos.rags.to.riches]

Hi Friends,

As per my view the conference call was pretty decent.

Firstly SRK mentioned that some analyst have also joined the conf call even though they didnt ask any questions. I am sure SRK would be having seperate conf call wih analysts.
It was evident from the fact, SRK highlighted the struggles over the past few years, lessons learnt and the future vision. 1 Million-10 Million-250 Million. If everything was good BCG would have been a billion dollar company. As per my view he mentioned the above points to the analysts.

Secondly as per the information he got ,Axis board has approved the payment plan and he is just expecting a formal letter. This should be solved soon.
Thirdly LOC has already crossed the deadline, so SRK should have expected the LOC to be provisioned last quarter itslef, so thats the reason he had mentioned the in the previous conf call that he is seeing green shoots above ground. But unfortunately process got delayed, even though he said revised timeline of 3-4 months, i assume it should be sooner than later.
Finally for the first time he told about the future vision of the company to be a global company which successfully implemented will be very good for us..
Overall as per my view this quarter will be critical for all investors to take a decision. I hope we would reach respectable stock value before we get LOC

[lycos.rags.to.riches]

Market is yet to react positive on the positive results. My three simple question in the conf call would be on

Daum Settlement Status
Subsidary Consolidation Status
LOC Status.

[lycos.rags.to.riches]

Yes @logan need of the hour is good corporate standards. I assume that is one of main reason why market is not rating BCG appropriately. All companies have outstanding issues, loan, cashflow problem but how the investors are not kept in the dark. BCG is a multinational company, revenues and profits reported are equivalent to large multinational company but the corporate standards make it look like a local IT training company.
Even with all the pending issues the stock should be in the range of 20’s, i forgot when BCG was in double digits for more than a month.
Simple things like resignation of pisipati was not informed to the investors,thanks to linkedin, nclt website else many things would remain blackbox.

[lycos.rags.to.riches]

@Odysee I expected the matter to be adjourned, because consultation can be anything and not the actual payment plan.Axis bank could have just asked BCG to send a formal request letter and they would consider it, they could have asked for payment plan in writing, that doesnt mean they have accepted. I assume how banks treat their customers before and after taking loan. Adding to the irony Axis has upper hand now as they have blocked the preference shares money and BCG has to dance to their tunes.

Having said all this, i am still confused why are we in this position when BCG was already paying them as to the agreed plan, how can a management change trigger a change in the payment plan.

As usual issue resolution is taking way longer than expected, Some delay in covid can be accepted but business operations were back to normal by May, any further delay will be damaging to the already battered stock.

Agree with all clarification given by logan regarding business, market perception is due to poor management practices and corporate standards. To gain market confidence BCG need to periodically update investors about the various outstanding issues.

[lycos.rags.to.riches]

Friends, Resolution involves two parties, BCG has given the payment plan and Axis has to agree to the payment plan.

[lycos.rags.to.riches]

Thanks @Logan, Your views in this forum have been very helpful in understanding BCG’s business. Please ignore MC comments, I am sure MC forum is full of losers whose only aim is to stop others from gaining. This is the case not only in BCG but in the MC forum of other stocks too. One example is Tanla where many boarders were saying it is a useless stock, management is useless they dont take care of investors but today it is valued at a different level.
I have stopped visiting MC after this forum was created.

[lycos.rags.to.riches]

Any idea whether BCG can capitalise on IPL series starting next month. I assume the new IPL sponsor will try to more online ads to target the young audience to play the online game.

[lycos.rags.to.riches]

2020 has been a bad year for almost everyone. I wish 2020 becomes the launching pad year for BCG which will make 2020 a good year for all BCG investors.

[lycos.rags.to.riches]

@logan agree with your comments on SKR. He has the guts to conduct a conference call even though he knows he has a lot to answer. Appreciate his honesty and patience. I have attended many conference calls of other companies where the CEO gets frustrated with some repeated questions, SKR has shown great patience in answering the most stupid question.

[lycos.rags.to.riches]

Can i please request you to stop responding to moneycontrol messages in this forum. I assume most of the members in this forum dont visit MC forum.

[lycos.rags.to.riches]

I hope Lycos is in the 15- 20 range by the time LOC is approved. It will set the stage for the next movement.

[lycos.rags.to.riches]

Agree with you max, BCG has to concentrate on resolving the issues. But i still feel that BCG has to learn a lot in handling markets. For some reason I feel SRK wants to handle things in a very secretive way and only come out if it turns out positive. There is nothing wrong in informing market about failures too that adds to credibility and brings in investors who invest on the business and the promoters vision rather than traders.
Recent event being the leaving of Mr.Pisipati Prasad, we were neither informed what initiative he was working nor informed when he left the company and who has taken over Mr.Pisipati’s initiative now.

[lycos.rags.to.riches]

@max I don’t think changing Group or Circuits is going to make a difference unless some positive announcement from BCG. Market is very sceptical after the OAK fiasco.
If SRK thinks the various issues he is trying to resolve is getting delayed, he should atleast buy few lakh shares from open market to boost confidence to investors.

[lycos.rags.to.riches]

Only good thing to note is BCG is trading for the last couple of days without any UC/LC. People are ready to buy.

[lycos.rags.to.riches]

Hope it doesnt drag like Daum case.

[lycos.rags.to.riches]

I do hope OAK selling to end this week, it would be better if a buyer is arranged for the rest of the shares. even better if SRK himself buys those shares:-)

[lycos.rags.to.riches]

Any idea how much shares are left with OAK, we are seeing consistently high volumes over the past few days.

[lycos.rags.to.riches]

@Rathi_b I believe NCLT order whether positive or negative will not have any effect on BCG as the current downslide is due to OAK selling of Shares. We would require one positive announcement regarding LOC or Daum to change the tide.
I dont think markets would react to judgement on bank loans.

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