Forum Replies Created
-
AuthorPosts
-
LoganRegistered Boarder
I think he likes valentine’s day very much that’s why all these announcements now.
So people, from now on, if we want anything from him, we should ask during valentine’s period. Other days if we ask him about something, he won’t be this open/interested.
If you all remeber, many times we requested for the conference call to be held for 2 hours but he said yes only for last year’s Q3 call which was during the valentine’s period.
(Just a joke, not to be taken seriously)
LoganRegistered Boarder@VALUEBUYER001, I figured it out. You have to select that see all option. After going to that page, you can download these files.
The strange thing is that, on the main page, you can’t download the files but the same files can be downloaded if you go to the page that contains all the recent announcements.
LoganRegistered Boarder@hw_tw, I have the file which I downloaded from BCG’s website and as you’ve mentioned, in that the details are correct.
I haven’t seen the copy that’s shared in BSE. Don’t know why but these days I’m not able to download files from BSE website using my phone.
LoganRegistered BoarderThe article’s headline is not correct. It says the profits went up 35% yoy which isn’t the case. I don’t think IIFL saw the results properly before sharing that. The profits are up qoq and not yoy, in fact there’s a decrease in profits yoy (3% or something).
Telangana Today and equitybulls have also written about the results but they haven’t made any mistake.
LoganRegistered Boarder@m4max1979, even I haven’t received my dividends. I wrote to them several times but still no response from them.
2+LoganRegistered BoarderIs there any understanding between BCG and Axis?
Surely Axis will look at all the announcements by BCG right? They must’ve seen yesterday’s announcement. To block the PO money, they used one of the announcements for their arguments.
People who attended the hearing – can you please share with us what was discussed in the court today.
LoganRegistered BoarderThere’s a difference between the August update and the recent update.
In the August update they mentioned that the company has sent a proposal on payment plan to close the loan. There was no mention about any settlement but in the recent update they have mentioned that the company has settled with Axis. They may even have paid off the agreed amount but they are waiting for Axis to send a formal acknowledgement regarding the closure of loans.
Since the matter is in courts, I don’t think they can reveal further.
If there was trust in the company/CEO/management then the market would’ve reacted positively. The CEO has said many things in the past but has not executed most of the things so the market will wait till material developments to happen.
LoganRegistered Boarder@drjaysee, I don’t think it’s anything to do with the PW approval that he is conducting the conference call on 20th. Always they schedule the conference calls on Saturdays. This time since the results were published late in the night on Friday, and also since there’s an hearing in NCLT tomorrow, they must’ve scheduled the call on 20th, Saturday.
I don’t know whether the promoters will get back all the pledged shares, in one of the calls when somebody asked about it, he said some shares were pledged for personal loans. My guess is that they’ll get back majority of the shares.
(On a lighter note – he loves shareholders so much that’s why he waited till valentine’s day to announce the news)
LoganRegistered BoarderI’m not able to share the PDF file here as I’m using my phone. The order was passed on 9-7-20, wherein NCLT ordered BCG not to use the PO funds.
There are so many things mentioned in that but I’ll just share the orders passed by the judges.
1) The Corporate Debtor is hereby restrained from utilising the proceedings of the issuance of equity shares till the date of passing an order on the admission of the petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016.
2) The Corporate Debtor is further restrained from alienating any of its assets to the date of passing an order on the admission of the petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016.
(If anyone has that file they can share it with us here)
5+LoganRegistered BoarderNo conference call this time? No updates from the company till now. They used to put out a media release after each and every quarterly results but this time till now they haven’t shared anything.
6+LoganRegistered BoarderDisappointing results, we were hoping the revenues would be more because of the US elections but that has not happened. We can understand if profits didn’t go up (because there’ll be more expenses) but at least the revenues should have gone up.
Looks like LOC is very important to get the desired growth levels.
LoganRegistered BoarderI still haven’t received dividends. I wrote to them several times but still no response from them.
2+LoganRegistered Boarder@Diana, only the CEO could answer about the debt payment. I just shared my opinions based on what information I had but other than the CEO, no one else could answer these. Even if we ask him about that he’ll say the same thing which he has said all these years. With his decision making who suffered the most were/are shareholders.
Regarding DAUM, personally I don’t give much importance to it. I want BCG to buy a company like SpotX instead of getting back Lycos. I don’t think Lycos will add much to BCG’s business. But getting back Lycos plays an important role to change the market perception. Getting it back may (can’t say for sure) lead to BCG trading at a fair valuation. As you have also written in the past, Markets hate court cases and having an open case (don’t know legally whether it is still open or not) brings bad perception.
Except Mr.Acharya, I don’t think other board members will bring anything to the company. Only option we have is we have to get together, appoint a person who looks after retail investors’ interests.
This business is very good and we should not let the CEO take bad decisions again. Magnite, Pubmatic and Affle with lesser revenues and profits are trading at astronomical valuations. If things are done right then BCG’s stock may have a turnaround story like TANLA. The best part of being in a growing industry is that with good decision making (and enough liquidity) even older companies can compete with the newer ones and get better valuations. Magnite is one of the examples.
LoganRegistered Boarder@harshay. My point is if there was no market sentiment, Tesla wouldn’t have become the #1 car company in the world so soon. If people valued looking at only financials then Tesla wouldn’t have become number1 company. Market sentiment plays a big part in that. Tesla’s market share is maybe less than 2% but it is the most valuable car company in the world.
Whatever you wrote is correct and those factors go into that market sentiment. Factors like growth, market share, confidence in the business, future prospects of the business etc will all be considered in that sentiment.
One more thing I’d like to add. There’s a difference between rightly valued considering future prospects and crazily overvalued. In Tesla’s case it’s crazily overvalued right now. Combined market cap of most car companies is less than Tesla’s but their market share is very huge. These companies are also investing heavily in EV segment and they are gaining more market share in that field too. I’m not saying Tesla is a bad company or anything like that but my point is people go crazy while valuing some companies.
(I’m a big fan of Elon Musk and Tesla by the way)
LoganRegistered BoarderI think after this acquisition of SpotX, Magnite will become a very dominant player in the adtech industry especially on the seller side of things. The merger of Rubicon (seller side) and Telaria (CTV) to form Magnite made it the largest Sell Side platform and adding SpotX will make it very dominant. SpotX provides technology for “video ads” across all the mediums – desktop, mobile and connected devices.
SpotX can help both Telaria and Rubicon. With Telaria, it can add CTV revenues and with Rubicon it can add revenues from video advertising across mobile and desktop.
Many smaller players have merged or got acquired and some went out of business. Google, Facebook and other bigger companies are still growing. Don’t know how all these will impact BCG.
LoganRegistered Boarder@m4max1979, replying to (#10555)
I don’t know whether LOC is still on or whether it is cancelled. Since the LOC is taken as a debt, valuation won’t matter is my opinion. The lenders will look at the size of the business more than the valuation. As the LOC depends on the receivables, the lenders will concentrate on that more. They’ll see whether BCG can pay them back the borrowed money (with interest) or not.
In the past, mostly in the US, many smaller companies (valuation and business size wise) used to buy bigger companies and most of them were leveraged buyouts wherein they used debt for the acquisition instead of issuing more shares.
4+LoganRegistered BoarderMagnite Inc’s stock price is up more than 25% because it’s acquiring SpotX for more than a billion dollars – $1.17 billion.
Magnite Inc’s market cap is $6.10B. The stock price is $54. It traded below $5 few months back.
LoganRegistered BoarderAll these years, whenever there were positive results, the price used to be in LCs. I don’t think the market cares about BCG’s results. Until all the issues are resolved we may not see drastic changes in the stock price. Maybe if the profit doubles the market may give importance to the results but I don’t see that happening until the company gets additional funds.
Like I always say, only recently there’s value recognition by the market (value recognition was there when BCG came to the market but that vanished because of the many issues). All these years many market participants didn’t believe the numbers because of the penny price of the stock. They had this mindset because they gave unnecessary importance to rumours, and conspiracy theories. The actions of the CEO, and the management didn’t do anything to change that perception.
Now there’s a change in perception because people started to compare BCG with “real peers” instead of comparing it with same old IT companies. Affle coming to the market helped BCG somewhat but the interest in tech companies (especially new age companies) helped BCG a lot.
Magnite, Pubmatic, Affle etc have less revenues, and profits than BCG but they are valued many times more than what BCG is valued. There are complaints about Magnite Inc’s corporate governance too and many law firms are trying to file a case against Magnite and they are encouraging investors to file cases. These things haven’t stopped Magnite stock’s rally.
(There are no complaints on Affle and Pubmatic’s corporate governance.)
From now on, everything depends on the actions of the CEO. If he does well then the market will reward the company.
LoganRegistered BoarderGoogle owner Alphabet sees record growth as ad spend soars
Cutbacks by travel and entertainment advertisers were more than offset by new spending from online retail clients and others during lockdown.
Google’s advertising business, including YouTube, accounted for 81% of Alphabet’s $56.9bn in fourth-quarter sales, up 23% compared with a year ago.
Christopher Rossbach, of asset management company J. Stern & Co, said: “Alphabet’s results show that there is still a massive shift to online advertising.
“Both Alphabet and Facebook have reported strong online advertising growth this quarter as advertisers are drawn to the better targeting, measurement, reach and ultimately return during the pandemic.”
Even so, Google’s lead over the global internet advertising market is shrinking as Amazon.com becomes a bigger threat and China-focused vendors such as Alibaba enjoy a faster rebound from the pandemic.
Last week, research company eMarketer estimated Google will capture 30% of the market in 2021.
-
AuthorPosts