[nitin_asce]

My opinion is bit different. Since dividend is announced my guess is daum is done and dusted. Only announcement is pending.
When SKR feared of giving information in concall due to daum discussions, then definitely such actions give confidence that it is settled. I think once oak exited, everything will come up in public domain.

[nitin_asce]

I think this update by auditor is based on situation at 31st March 2020. We might get additional information in concall.

[nitin_asce]

@diana your views on the same will be very helpful.

[nitin_asce]

My understanding is oak has very limited time left to sell the shares as fund is closing. So they might have bought for 30 rs a share but the current offer might be for rs 10 when share price was lingering at 5. So 12 rs means less loss for oak.

[nitin_asce]

Just a wild guess @DH, the agreement with oak might have been made at a price less than rs 10 and oak might want to get more money by seeing the quick price appreciation in bcg. Hence those shares came in open market.
I am considering rs 10 since new shares were allotted at rs 10.

[nitin_asce]

@admin the result of bcg will be coming soon. Maybe we all collectively draft a set of questions to be asked during concall. This will help to avoid repititive questions or info already available on this forum.

[nitin_asce]

Intersting thing is they have lined up buyers for oak stake as per today’s ppt.

[nitin_asce]

From the presentation it looks like subsidiary are already consolidated only announcement is pending. Maybe it will coincide with daum closure announcement.

[nitin_asce]

Very good study. At least it helped me to clear doubts regarding receivables and why so much investment in technology.
I am now slowly understanding what Mr reddy wants to do.
But one question still remains why now. He could have done this couple of years earlier also. Is it like the company was not ready so da was dragged and now company is ready to grow.

[nitin_asce]

Dear fellow investors, the timing of this notification leads me to think management is keeping close watch on what is being discussed in this forum. Like today so many messages on preferential issue by fellow investors and surprise the company clarifies about in evening.
Never seen a company doing this.

[nitin_asce]

My opinion is global consolidation is complete and only then such information could be published.

[nitin_asce]

I think they are readying for Line of credit in US that’s why ppt in USD. Rest important point to note working capital is 305 million usd.

[nitin_asce]

Latest article in India business journal.

My article in the May issue of India Business Journal.https://t.co/30zPfm3ZQq pic.twitter.com/BNgY3vz0xI

— Suresh Reddy (@suresh_66) May 4, 2020

I think investor ppt and these articles. Generally a company does this when they want to penetrate in local market.

[nitin_asce]

My perception, The extensive description of Lycos provided in introduction leads me to think that Daum is done and dusted.

Also one key thing to note that the investment in future technologies is being done like AI and sales from AI has not started.
So AI is a black box for now and not sure how much growth it will add, but there are high chances that it leads to next leg of growth for BCG.

[nitin_asce]

I am bit surprised at such an presentation. It looks like that management actually wants to push share price up.

[nitin_asce]

Somehow I got a feel that Facebook and whatsapp will be targeting for digital ads through jio ecosystem and subscribers. This might lead to very huge growth in digital advertisement revenue in India.

[nitin_asce]

Seniors

Can anybody guide about any positives/negatives for Brightcom due to jio Facebook deal.

[Author]

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