Forum Replies Created
SKR, looks like he knows what he is doing…especially protecting his personal interests. From the last few months, his activities are not up to stake holders expectations….having said that he has also made several of the members in this forum benefit…looks like things are going out of his control and that maybe the reason he is not able to handle the current situation. It will interesting to know, whether earlier big investors are holding or existing….can anyone throw some light on this ?8+
Interesting to note a competitor of BCG an affle investor trying to run down the company….let’s not forget the info yet to be confirmed that the big bull is also buying into this….all in all possible involvement of relevant people including management may be involved in cornering a big chunk, post listing of bonus shares….
On the brighter side, I am holding a big chunk at less than 15 rupees and these dramas will be cleared by this month end. Kindly decide on buy or sell call by yourself.
Best wishes to all long termers
Msg as found in mmb by Black m,
Any well informed long term members, kindly comment.
# Dont guess anything without knowing the fact, management and RTA not answering for reasons,they cant say anything untill Forensic audits is going on.Since matter is under forensic audit they cant expend general reserves to issues bonus shares and those shares could be not allowed permission to list on exchange by regulators untill this matter is not clear. as i hope, before Board meeting the FA report will be out .. so stay alert…. dont take decisions on whats going on social media platforms and news channels..finally its your money and you should take care about it… #
Thanks Black m, for this msg
Dear admin,admire your maturity and logic.
1. Deliberate attempts are constantly being made to create an impression that this company is not very professional.
2. On the contrary FIIs and other funds are adding this share to their portfolio, almost every week…including me.
3. Promoters are following the guidelines set out and they are keeping the stake holders informed
4. Even today they have kept us informed on bonus shares issue …bse website
5. Many have lost hope due to various reasons…mainly mmb and other uninformed or paid articles
Best wishes to believers in this forum,who are already sitting with HUGE returns
1. SS share has been officially alloted shares and can be traded only from next April
2. Only after this, Company can credit the bonus share, my guess is, can be this week or month end
3. There are no investors complaints pending…traders note it
4. Pre view of yearly result guidance is available, as posted by the company
5. Latest Share holding pattern is almost clear, as per company presentation
6. FA announcement is pending, it is not in the hands of management
Many long term investors in this wonderful group are aware of all the above
I agree with you, also having worked outside India in a multi- national corporation in a senior position, my thoughts are,
1. The process of FA may be done and dusted
2. Short listed / finalized candidate may be announced in April
The trading pattern of 28th and 29th, maybe based on the above.
Best wishes to all BCGians
Friends saw a frivolous tweet from safir anand and several responses from bright investors like – Raj, BiTW, Ramya,Tom etc.,
Logan and other well informed investors has said several times…ordinary investors CANNOT UNDERSTAND the NEW AGE business.
Someone also mentioned about our forum linking with the negative article…
Any way thanks to safir, looks like there might be an opportunity to buy today.
As usual this is not a buy or sell call.
I was trying my best to save small investors in mmb board..using Lifeisgood id. I totally understand the negative boarders and the level they stoop to..
My take on these people,
1. They are working for big operators
2. They are paid per msg
3. They take out weak hands
On the positive side, the same operators will take this to 10x.
Even now one msg is asking to sell, to place amo order.
It requires conviction and guts to make money in share market..that to in our market.
Once again thanks to our admin and would like to meet all of you one day, God willing.
There are more well informed, intelligent and resourceful investors in this forum, I am giving my personal thoughts,
1. This is still a 4am stock of SS and mine.
2. I have confidence in the management and what they have done is well within the law.
3. FA will clear and position this as a global company
4. Even market leader (for now) TTD has lost more than 40 % from its high
5. Global powers are playing their power games and is going out of control
6. Nobody can put a target on share market and one has to take their own risk
7. Some bloggers working in mmb are paid by vested interests and they earn their living by posting stupid comments..to scare uninformed short term investors.
8. Things should turn for better close to record date
9. It is a good opportunity for the company to buy for ESOP
10. Last but not least everyday I am adding few thousands along with my family and friends. Today also someone bought 50000 shares in one go and total traded quantity is also increasing…selling quantity reducing.
This is not a buy call…please make your informed decision.
Patience always pays in a fundamentally strong, New age, Debt free and cash rich company.
Good news, from 7th our script is moved to ASM stage 3…also looks normal trade might happen…
A very good msg from a banker – Positive2021-from mmb,
Dear Friends I m watching the comments of some boarders who are equating company with DHFL or other companies. Being a banker, I knew that it is a general practice of writing off NPAs on quarter to quarter basis. It happens with HDFC and all other banks. Statutory Auditors checks these on regular basis. Its one way of cleaning balance sheet. BCG has done the same thing and they have reported same also. Actually seeing exponential growth of business and tactical takeover of cash rich companies and future takeover of audio company etc has raised eye brows of in industry circles. BCG being a debt free company has shown the path through their stalwart leaders like Mr Reddy by consistent growth. Friends, u have to understand that fraud companies always hits bankers first. In this case BCG is a debt free company and acquisitions r made by out of internal cash accruals. We are seeing forensic audit as end of BCG and it had happened with so many companies then there was no hue and cry and they are working as it was in past. If u do not believe then checkout on the companies went under forensic audit. Friends its a process which will complete in some time and BCG will come out more strong than before. Patience is the key and do not sell ur treasure for peanuts. Company is bound not to share details of forensic audit process due to legal requirements. Hence hold ur gems. Its a sentiment game which will change with 1 or 2 large deals”
Dear admin, it was by mistake the posts was deleted..thanks for restoring the glitch in the website….if possible kindly retrieve and re post my messages.
I will be always participating in this wealth creating forum.
The following msg from MMB forum..credit and thanks to suresh_999
Few points to note 1- Forensic audit is good as it is a one time opportunity for the company to come clean. 2- Previously companies like Infosys, Binny, Sun Pharma have undergone these audits and have come clean. 3- Most importantly it is not about day to day accounts but one time impairment charge which is as per GDRP regulations. Moreover it is an non cash accounting entry and not diversion of funds or usage of company funds. 4- Audit process has probably started as the company has suggested they have provided all documents from September so if there was anything fishy it would have been public knowledge by now and the company and promoters would not have been allowed to issue preferential shares , go on an acquisition spree or issue bonus shares 5- Any day we may get news of Shankar Sharma paying the remaining 75% for his preferential shares. 6- Company in its last concall had declared that they will issue the guidance for next financial quarter results any time in the first week of March. We can expect that to be announced next week and it should be good as basic business operations are booming. 7- Name of Audio company should be declared within a couple of months. 8- Daum issue is already settled as repeatedly stated by management.
Many thanks for excellent information / crystal clear clarifications by well informed members, I once again thank the admin in creating this valuable and informative group.
I read in ET few days back that RJ has entered this script and might be accumulating…with appropriate manipulation (maybe done today with some corrupt individuals in the system) THEY tried, but a timely professional reply from SR has to be appreciated.
On the lighter note…when RJ enters we can see 10x from here…maybe we deserve that valuation for our global company.
Having lived outside the country for a decade, I am sorry to say that mostly our journalism is garbage and can be easily bought or manipulated with a bottle of liquor or perfume….exceptions are always there.
The Great news is big investors like us are accumulating along with FII’s and HNI’s.
Bonus 1:1 and share split can unlock the value in future.