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BBPopuriRegistered Boarder
Any member knows the reason for today’s rally in BCG. It closed just below the UC. I feel intentionally UC is avoided towards the end.
BBPopuriRegistered BoarderIt’s not an excusable offence by SKR and he deserves maximum punishment. As per previous SCN by SEBI we got the confidence that the revenue and profit numbers are correct. As long as that confidence is not shattered we can have some hope to get back our investment.
SKR might have used all those people to whom he transferred money back after preferential allotment as his binamies. Or he could have acquired those shares off market at a predetermined price. Many times during conference calls he used to mention that the promoter share holding is much higher and will be revealed in due course of time.
In Shankar Sharma’s case he would have taken part of the money in a personal account or SS also could be part of the game. After SS entry I have increased my holdings a lot. Learned a lesson.
My initial share are from LGS reverse merger. Kept on adding at regular intervals. More in Ybrant digital and then in Lycos. Never thought of taking back my capital. In other words never sold a single share. When ever I have funds in had I used to buy Lycos/ BCG thinking that is the best investment opportunity available even above ₹200. Now feel like exiting party, but when will I get a chance and at what price?BBPopuriRegistered BoarderBBPopuriRegistered BoarderAs usual excellent results posted by BCG
https://www.bseindia.com/xml-data/corpfiling/AttachLive/219ceb34-2a36-44d4-9482-b7b9c88b5248.pdf
6+BBPopuriRegistered BoarderDividend TDS could stir another controversy. When I verified my AIS recently, I thought that BCG has not paid dividend during FY22-23. Today on verification of my bank statements I found that BCG has credited the dividend on 27 October 2022. I have received dividend in all accounts (I have BCG shares in 4 demat accounts) Just now I verified AIS and found that none of the amounts paid to us were available with IT dept against our PAN. TDS deducted is huge. AIS has the information of Rs 53 dividend paid by ICICI Pru Life. But BCG info is not available. I presume BCG has not deposited the TDS amount with IT and data was also not available with them. Other laps from the management on CG front. These are all unnecessary issues which can be easily avoided. They did report last year and an year before. Earlier there was no tax on dividend hence Form 26AS has no information on dividends. Now it is our responsibility to report all dividend receipts and pay tax as per our tax slab.
3+BBPopuriRegistered BoarderNo Dividend was paid for BCG share holders during the financial year 22-23. Hence no entries n 26AS/ AIS.
Dividend was announced some time back but it is not paid so far. Please correct me if I am wrong.2+BBPopuriRegistered BoarderDuring the last financial year dividend was announced but it is yet to be paid. correct me if i am wrong. TDS was paid by the company and the information is available with the IT department for the financial years 20-21 and 21-22.
5+BBPopuriRegistered BoarderDDT Dividend distribution tax and TDS Tax deduction at source are not the same. Earlier there used to be DDT and the investor who receives dividends need not pay tax on it. Now DDT is removed and the company distributing dividends need to deduct TDS @10% when the total dividend paid in a Financial year exceeds ₹5000. We need to pay tax as per our tax slab on our total dividend income. Information on Dividend paid on 1 share is also available with ITD
4+BBPopuriRegistered BoarderI have searched all my mails for AGM link. But I could find only link for downloading AR and procedure for evoting. Unfortunately by the time I sat for evoting process was closed as I was late by an hour. I guess the link to join for AGM might be sent to only for those who have completed evoting.
Any one got a mail after completion of evoting with joining process for AGM?
If it is possible to join AGM with out participating in voting kindly share the link.BBPopuriRegistered Boarder@Logan you are the real motivator for many of us. You deserve the title champion of Champions.
Just now saw your post dated December 10 and searched the web for the lyrics of “We are the champions “ and posting it here for the benefit of others.
******************
I’ve paid my dues
Time after time
I’ve done my sentence
But committed no crime
And bad mistakes
I’ve made a few
I’ve had my share of sand
Kicked in my face
But I’ve come through
And we mean to go on and on and on and on
We are the champions, my friends
And we’ll keep on fighting till the end
We are the champions
We are the champions
No time for losers
‘Cause we are the champions of the World
I’ve taken my bows
And my curtain calls
You brought me fame and fortune
And everything that goes with it
I thank you all
But it’s been no bed of roses
No pleasure cruise
I consider it a challenge before
The human race
And I ain’t gonna lose
And we mean to go on and on and on and on
We are the champions, my friends
And we’ll keep on fighting till the end
We are the champions
We are the champions
No time for losers
‘Cause we are the champions of the World
We are the champions, my friends
And we’ll keep on fighting till the end
We are the champions
We are the champions
No time for losers
‘Cause we are the champions of the World
******************************************BBPopuriRegistered BoarderThis one Could be a hidden Gem.
Just sharing a document link. This document ( form S-1) is filed by a company with the Securities and Exchange Commission on August 30, 2021 for listing on NYSE ( an IPO prospectus).
65% stake in its parent company is owned by an Indian listed company. This Indian listed company could be a hidden gem.BBPopuriRegistered BoarderRequest the members to have a look at Vertoz advertising LTD a listed company. It is a programmatic advertising company offers digital advertising and monetising Solutions. I come across this stock as a peer to BCG. It’s a very small company available at ₹99 close to its 52 week low. Could be a good stock in the coming days? Please Share your thoughts on this.
BBPopuriRegistered BoarderThanks a lot Logan for your detailed post. In fact you are my primary motivator to buy more and more shares in BCG. Still I am accumulating BCG in small quantities. When ever there is an LC I have been purchasing 500 or 1000 shares of BCG. Yesterday also I have purchased 500.
Now I am looking at new opportunities from Small Cap tech stocks. I am compiling a list of tech companies from all the small cap Mutual funds and thinking of narrowing down to the companies held by max number of mutual funds. Once I compile the list I will share in this forum for the expert advise of our honourable members. In this methodology we miss companies like BCG.BBPopuriRegistered Boarder@Logan Thanks for continuously educating us which has motivated us to buy more and more shares in BCG. I have a doubt ( may be you might have explained in your earlier post and I would have missed) How Lycos is going to help BCG? Lycos is the first ever search engine I have used in early 90s and if I remember correctly there used to be one security software from lycos. Later migrated to Yahoo and subsequently migrated to Google. When Ybrant acquired Lycos I have created a lycos mail ID. My experience with lycos mail was not good and discontinued after using it for week or so. Can you please educate us how BCG is going to make use of Lycos. Thanks in advance.
BBPopuriRegistered BoarderGood Morning friends. I have come across the following information about the company in Market Mojo app. I feel people who refers this kind of sites never know the actual business of the company. BCG need to update .
The copy and pasted information follows,About the company
Ybrant Digital Ltd have expertise across several verticals, with focus on the following:Financial Services, Healthcare, Manufacturing Chemicals, Life Sciences and Retail.The services offered by the company includes Consulting -Implementations. Application Development.Upgrade & Migration.Managed -Application Management.Infrastructure Support .Testing & QA. Business Process Outsourcing.Strategic Transformational Sourcing -Turnkey Solutions Build Operate Transfer .Joint Venture.Dedicated DelivBBPopuriRegistered BoarderGot the bonus shares credited in all my Demat accounts with pending approval for listing/trading. As per the timing of the credit and corresponding mails from CDSL and NSDL my first account with max quantity got the credit yesterday afternoon while the one with lowest number got the mail an hour back and yet to get mobile messages for the last two accounts with least holding. So far it’s only credits in my accounts. Never sold a single share It’s a journey of more than a decade so far LGS – Ybrant – Lycos – BCG.
BBPopuriRegistered BoarderBBPopuriRegistered BoarderA game is going on which I am unable to decipher completely. Some one or a group, with huge stock with them are intentionally creating the LCs and creating panic among the new investors. Had their intention is to book profit they could have gradually released at the UC so that many retailers would have taken position in small quantities. That would have allowed them to book good profit. Their intention is clearly not booking profit. I don’t see a proper reason to offer huge quantity of shares at LC price for a genuine investor/trader holding huge quantity and kept quiet few days ago at the higher price when there was positive atmosphere and many investors were waiting in queue. I guess their motive is to create panic among the retail investors and force them to exit at the lowest possible prices. What is their expected price to garner the shares? If we can understand their game plan fully, probably we can add more shares of BCG at the best price. I have been adding in small quantities past three days. Would like to identify the reversal zone to add more. Thanks in advance for members comments.
BBPopuriRegistered BoarderBy the way any of the forum members are familiar with the exchange rules on circuit limits on Exbonus.
Google couldn’t help me in this regard.
If there is no such rule as of now and One need to fix it by the exchanges or SEBI, I see two possibilities
First one allow the market to discover the price. That’s what I expect the rule in vogue now and my previous post was based on this.
Other logical approach is as follows;
Let’s say CB is the cumbonus price ( closing price a day before the Exbonus date.)
For 1:4 bonus
Exbonus price = 0.8 times CB with +-5% circuit limits.
So the Exbonus range = 0.76 CB to 0.84 CB.Members familiar with rules Please share your views.🙏
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