[radhutheoptimist]

Someone asked about reason for the second bonus and SKR did mention that second bonus was issued to spread out the equity to deter anyone accumulating shares and creating problems later. Looks like he was worried about harsh take over bids and once the shares are widely spread out it may not be easier. My assumption is SKR recognised this takeover threat and I assume he is doing everything to mitigate. So logically I can speculate that promotors are increasing their share holding in someway. Why it is not show in SHP is not yet clear. Questions related to SHP is intentionally avoided and we may have to leave it there and trust that promotors are doing the right thing.

Overall I gained more confidence as usual after attending the concalls… Two years down the line we will be handsomely rewarded. Till then we need to bear the labour pain 😉

[radhutheoptimist]

This is the time to make all fun stories in this counter. My story is… Someone made huge profits in real estate… To adjust the capital gain he is selling BCG at loss…

Right now retail has become laughing stock 😒. But I am selling my house car gold ration card everything sellable…. To buy BCG. Already I am seeing flying…💸💸💸💰💰💰.

[radhutheoptimist]

We have heard so much about the strength of BCG and adtech companies. I don’t think there is anything to analyse any further in that regard. Can someone throw some light on how these operators function… If at all it is circular trading what could be the idea of so much volume on daily basis? Ofcourse I see some fii accumulating… But it is not proportional to the volume. In the last three months I assume closer to 40 crore shares were sold and taken on delivery. Basically I am wondering how these operators work and make money…

I thought yesterday volume was huge and today’s seems to be exceptional.

[radhutheoptimist]

But… Unless there is a scope for increasing the share holding why would the promotor go for such an elaborate risky transactions. Since the share prices were less than 5 the pledge value wouldn’t be significant. The whole process took place only to increase the holding. So the end result of this operation would result in increased share holding by the promotor which is good in a way.

Hope we will come to know the actual figures by next SHP.

[radhutheoptimist]

If the time period was in 2019 when share price was around 5 the value of the pledge would be not more than 50cr. Looks like promotors played a well calculated game and right now holding more than 30% and might have accumulated more through proxies.

[radhutheoptimist]

Thank you Rathi ji and team for your efforts.

I am sure share purchase for employee trust/ESOP will follow next. This action is within the management control. Btw…. If they purchase through employee trust do they need to inform exchanges immediately?

Hope dividend distribution will happen soon. If they announce record date then there may be some slow down in price fall.

Mediamint closure is crucial…

I am not so naive to call all these inaction as just corporate governance ignorance. Next SHP will reveal the actual reason. Good luck to all.

[radhutheoptimist]

There was a resolution passed to buy shares for Employee trust for ESOP. Isn’t right time to purchase that?

[radhutheoptimist]

At least they can do simple things like announcing record date for dividend or buying shares for employee trust. Such actions may slow down the fall to some extent. Market may not be under his control. However proper communication to the retail is within his control. Looks like Skr is in bigger mess due to unannounced stock sale or media mint purchase. He does have a special talent to create a storm with spoon full of water. Right from Axis bank case, Daum issue, 5 paisa dividend payment delay, cs cfo appointment to latest bonus delay…. messed up simple things. Looks like till he acquire 50% these thorns won’t go away. Pity those retail guys who bought at 150+.

The only positive thing I see now is…. a futuristic debt free company is available at less than 7 PE. This itself is enough for me to hold and buy more.

[radhutheoptimist]

SKR should take moral responsibility of creating this mess and shattering lakhs of retail investors dreams. Other than early birds who entered at low price atleast two lakhs investors must have lost heavily. All because of his negligence… And may be greed. What a waste of intelligence… Sad.

[radhutheoptimist]

As per Morningstar closer to 28 million shares were added by funds and institutions in May 2022 alone. 16 entities were new additions. Every month they are adding more than 1% of total equity. Can’t understand the game plan of the operators going by today’s trade. Is it going to be another year of painful wait?

https://www.morningstar.in/stocks/0p00015zpv/nse-brightcom-group-ltd/overview.aspx

[radhutheoptimist]

Why so much silence in this group? Isn’t it time to break your silence. I remember when BCG fell 10% sometimes in January all popular boarders of this forum came in one voice motivating everyone to hold their shares. Of course then big guys were selling. I don’t buy the argument like no one asked us to sell or buy and one should do their own research. It is a fact that people like me Come here to get an opinion as we don’t have much means and knowledge to understand what is going on. We all know MMB is a jungle and we are aware of tigers roaming around there. We can handle it. But tigers under the garb of cow’s skin…. hope I am wrong in my assumption. By the way I have started buying again in truck loads.

[radhutheoptimist]

Lot of confusion over SHP, CS resignation, CFO retirement, forensic audit… I don’t care if this company is going to do good business in future or not. At present company management didn’t come out with proper response. They have conveniently forgotten the fact that we the small time retailers were the first one to believe in their success. We the small time retails were holding the fort during difficult days. Later only all those Sankar Sharmas, fpi, fii and LLP came to their rescue. But the management seems to have forgotten all that and trying to keep the retail out of their success. That’s when it loses the respect from the retail. I had to cut down my 50% holding…. Ofcourse made unimaginable profit with a bitter taste at the end as I was forced to do and I didn’t want to do. Trust matters a lot.

[radhutheoptimist]

I don’t understand why peop!e still talking long term. SKR is showing that it is happening and it is happening now. If they can maintain 9 eps for the diluted equity and without considering growth due to acquisition (I liked the qualifying statment)….. That works some peanut PE figure…. Looks like 10x…20x… Figures may become peanuts. It may happen in months time…. Enjoy the forth coming ride👍

[radhutheoptimist]

Some urgent advice required. If I buy today will I be eligible for bonus shares? There were some comments in mm forum which states as 19th is a holiday and because T + 2 restrictions those who purchase today will not be eligible for bonus shares. Is that true… Please let me know. Thamks

[radhutheoptimist]

Thanks Jay69 for clarification on share holding. I didn’t know that🙏

[radhutheoptimist]

As a retail investor biggest question before me is…. How will the equity dilution affect the share price. Right now PE is roughly 5 because of dilution PE may become 10. My take is when industry average is 35… Given to all positive news like aquisition, LOC, NASDAQ listing… I as an retail investor still see lot of value in this script. I still see with existing fundamentals fair value is more than 100. So I am going to hold. But I am sure I will be facing lot of stress due to market manipulation. I am prepared to face it.

[radhutheoptimist]

Increase in Individual share capital excess of 2 lakhs may be due to increase in share price. I was holding 3 months back 20000 shares and I was in less than 2 lakh bracket as the share price was just 9. But later I moved to more than 2 lakh bracket because share price became 50. However, my holding of 20000 didn’t change. Bottom-line is it is not a clear indicator for anything.

[radhutheoptimist]

I know… Shares allotted through preferential warrants cannot be sold for the next X months. I also know that all these converted shares are eligible for bonus at 1:4. My question is can they sell bonus shares in the open market immediately after the allotment? Or will that also have to wait for next x months

[radhutheoptimist]

JCT is now at 4.11 and has already given 40% return in two weeks time. Garments sales is expected to see a steep hike in coming quarters. With favourable government textile policy and ban on Chinese products JCT is expected to leap forward. One can consider for long term with little risk. Catching them young is the trick of the trade.

[radhutheoptimist]

After going through the numbers… I feel JCT will become debt free in 3 years time. As of now their Operating profit margin is around 10 percent with total sale around 650 Cr. They made a operating profit of 67cr but had to service the loan that gobbled up some 47 Cr as interest. They have around 160 cr debt and sitting on some 850 Cr asset. There are plans to sell some of the non-performing asset. Remember, JCT is more than 70 years old company. You can imagine the kind of land bank textile mills have. I am sure they will come out of the debt in 3 years time and EPS may be around 1 then. Bottomline is one can sure see 10x growth if one has the conviction to hold the shares for 3 years withering all operators game. With the expected growth in textile exports for the next few years JCT can give much higher returns. But let’s be conservative in our expectations. For all these to happen management needs lot of dedication into the business.

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