Forum Replies Created
Dear Diana Horton what you are saying is perfectly fine and understandable. I wish we could come out of our anonymity and be straight forward about our meeting. But you also know that in an open forum that leaves our privacy in jeopardy. From our meetings, there was only one thing that we couldn’t grasp and did not see coming, which were the warrants issue. It was a big decision on his part to have taken that and push it through. Frankly I’m pissed about it and we as a group here in hyd have made our views on it clear before. The truth is our identities are concealed here and you are free to speculate about our intentions, I am in no way going to stop you from that. But know this too that only time will tell whether the Hyderabad ground are paid manipulators or genuine people. I’m cool say what you want, all I know is I’m invested here and I’m going to make a big gunny bags full of money here in future. As far as our next meeting goes, like we have said before we would be planning for one in mid or end of this month. Our communication with him a few days ago still did not evoke any reply. Just so I want you to also consider the fact that I don’t know you, but I have respect for you because your words in this forum have also in many ways motivated me to stay invested and also take steps to directly contact the CEO of the company for communication. Thanks I know my intentions and I hope someday our earnings here will be answer to your questions.
It is beneath my dignity to acknowledge armchair investors who can’t do anything other than engaging in petiness of shitposting every time their fingers start itching. And as for everything else I am hopeful that we will have our answers once these overworked exchanges give a clarification on status of the warrants.
Anand ji, I don’t know about your broker but generally my dividends have taken more than a month’s time to credit, I emailed my broker about the BCG situation, he told me it generally could take upto 45 days independent of what company it is. He is said generally they start disbursement around 15-20 days of an official approval but sometimes may take upto 45 days. Please correct me if I have stated anything inaccurate.
We ( Hyderabad team ) have reached out to SKR regarding the warrants issue, LOC and other issues again. This time we have sternly made up our minds to get proper concrete answers to our questions with proper tentative timelines. We hope to receive a answer at the earliest. We shall immediately update if we receive any response tk our queries from SKR. It is high time now that we are dignified with proper answers.
But Sir, the amount that has been raised early last year for this purpose specifically can be put forward to settle it. The new issue is for something we have no knowledge about. Yes we would like to plan for another meet with SKR but not before Valentine’s day. Let the next hearing of axis complete and let them have another 20-25 days to sort this out. But yes we will certainly plan for one sometime mid or end of next month. Right now we need to just pray to almighty that good sense prevails in human beings and that they will take steps for larger good and not just personal gain at the cost of small hand to mouth investors.
We as the Hyderabad investors again reiterate that from the documents and meeting we were privy to and have attended, we expect one or many of the outstanding issues to be sorted before March. The last time we were there at the office LOC was in the final stages it looked like they could have got it operational by now. My only concern is that these warrants shouldn’t be the reason for everything to be delayed. They can do it again later in future when the issues are sorted out, but to keep us investors in a state of dismay and operated play is not right. I again reiterate the last time we concluded our meeting with SKR we expected the LOC to be operational by now. Just saying if this warrants issue is not approved we should not again be kept trapped like this in the near future. The management and other people in the organisation have enough money to raise their personal stake in many other different ways. But to keep us waiting until the warrants are approved is not fair.
@Logan I disagree with that speculation and this why. Last time they raised they did 100 million, historically its highest valuation was over 800 million. If I have to expect that they are raising anything in the form of LOC, both those factors would have been taken under consideration also keep in mind that valuation was pre Daum. If they now have to raise an LOC it would not be a minor amount, certainly it must have been done keeping atleast a few years of growth in mind, which should also include allocation for any acquisition along with provisioning of outstanding issues and general business transactions (payables and receivables). This game is being played because they know that this is the last time in its life that it would trade at such a low number. They know once issues are settled they will never get anything less than atleast 10-12 p/e. Please don’t mind calling me out on this one, I know I am being harsh( because I have immense respect and gratitude for this forum).
We are here because we believe that this organisation has a bright future and I am not going back on that belief. I am just in personal capacity venting my view on the delay in warrants. I for one believe that we have many goods to come. Many milestones will be broken. All I am saying is it frustrating that we are still being kept hanging after all the developments we were privy to. All I want is to move on man from these trivial issues which I believe the organisation is unnecessarily draging to make the most of their present opportunity. I believe that SKR is the right leader but it is certainly not wrong to ask questions, I for one can be blatantly wrong, maybe the next few days will be great for us, but it is just my frustration that the warrants are being kept hanging without any finality. I believe that the organisation is capable of handling all its outstanding issues independent of the warrants money and that is the only thing that I am ranting about. He is a capable and opportunistic leader which he should be, which is good for the organisation but sometimes we need to question not to throw allegations but to seek clarity on what, where and how things will be for us.
LOC is generally done by provisioning for outstanding issues, it has been under process for what over a year, certainly Daum and axis must have been provisioned when discussions with lenders was done. This my personal opinion, I think this charade of issuing of warrants is only being done because the people know they are getting it at a huge massive discount to what would the price would be after outstanding issues are settled. Buying shares in open market wouldn’t be this cheap in future. Again my personal opinion nothing to do with my responsible investors from Hyderabad. Please remember SKR said he wouldn’t be raising stake before issues are settled, but I feel he is now going back on his word.6+
The warrants issue should reach its logical end, either accepting it or not, the exchanges should come out with an answer. It is my personal opinion that the management will keep delaying things until then. They know that their business is going to prosper in future,so they wouldn’t mind to keep us suffering until they get what they want. Axis Loc or Daum I think they can settle if they intend to, they are not short of money in anyway. They will do nothing until this issue of warrants is settled. This is my personal view I hope you people won’t confuse it as the hyd group’s objective opinion.
Logan LOC would be very necessary to ambitiously fund their business now, the warrants issue to my mind is just a back door entry to gain stake. My guess is once the warrants are notified by the exchanges we should see rapid activity. You know @logan LOC is not going to be as small as the 260 crore warrants it is going to be a larger amount because they are looking for an upside of 30-50% in business revenues once it becomes operational. We should wait for the warrants now to be notified, I hope it happens early and not like the muskaan issue. Just remember he was talking also of a substantial dividend too for the next quarter in the AGM. When we were at SKR’s office last couple of times we were given concrete updates and that is why we the hyd investors are also hopeful that it will happen in the near future.
Thanks to the admin for the forum. Because of him and this forum all the meetings with SKR were possible, you people are a constant motivation for us to meet and discuss important issues with SKR. Just remember we collectively amount to a lot of credibility and respect in the company. Let’s now for all our sake and stake in this organisation hope that we finally earn the money we rightfully deserve. Thank you admin for all your efforts in keeping us intact through a very difficult phase in the market.
@sobha yes the Hyderabad investors ( me and others) had meet him thrice. We did discuss about many things amongst them Goenkas and their manipulations were constant mainstay. I’m happy that they are out now, who so ever owns big chunks are stable investors from the past few quarters. We had spoken about axis, LOC and Daum which are pending now that Goenkas are gone. We should expect a major development in this regard this quarter. I am not so bothered about increase in the retail investors who are generally vulnerable and volatile because the company’s share price has been for a long time impinged on the settlement of these issues. These look good to be settled in the near future, we had been constantly asking SKR regarding the developments regarding these issues and we were generously heard and accomodated with updates. So from our meetings with SKR we expect this quarter and the next to be very eventful. Just remember that the issue of warrants has still not been notified and attested by the exchanges so I think once this happens rest will fall in place one by one. @sobha to be very honest if nothing happens before March then it is a new problem for us. Let me very clear we investors who have met him expect atleast LOC or Axis cleared before March at max.
Instead retail investors have now have 10% more than before. SHP makes for an interesting study, but my only worry is if there is such an increase in retail investors is that any little rattle and they will start running around like a headless chicken. Correct me if I’m being very pessimistic.
So OCB plus nri now is 14.57%. interesting3+
Please vote whatever be your preference, you’ll see mail from aarti consultants in your mail box. But please vote4+