Sobha

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  • in reply to: General Discussion #4357
    Sobha
    Registered Boarder

    @lycosmaniac
    Nobody opposed your arguments…. Rather most of your arguments are repeatedly aired by we also… What is opposed is extreme reaction involving the media. Further we have to keep in consideration recent developments also….

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    in reply to: General Discussion #4345
    Sobha
    Registered Boarder

    @lycosmaniac
    Sir,

    I have also invested lumpsum in 2014… Since then trying to average….. But still the average is pretty high… I have also heard most of the conference calls…. Two conference calls back, skr told – he has given a personal loan of 25 crores to the company and he is happy to purchase shares for 10 rupee per share.. But after that a legal problem came… Already given loan cannot be managed with preferential offer….. Anyway 10 rupees per share holds still… He has never said a payment schedule has been reached with Daum till the latest update; but earlier he has commented – a settlement amount has been reached with Daum… The last 9 months, both SBI and Canara bank loans have been closed … So, contrary to earlier time, there are some developments in the ongoing financial year.

    But the share prices are at frustrating level is a fact…

    When there is an international litigation going on, where in the court he claims that he don’t have money to pay for the loan, is it logical to take steps to enhance the credibility of accounts? In that case, the question of trustable audit comes only after the settlement of amount and payment schedule. Third quarter result is going to come on 14th February, which is even before issue of PO shares. We may get to some more answers by the conference call during that time.. But not all… The financial year results come by middle of may. That is the logic of requesting to wait till may middle…

    further it is very unlikely that the books are cooked up. Because usually books are cooked up to distribute shares at a high price…. That is not the case here. Just opposite is the case… Further, when somebody is confronting other legal issues, and there is corporate governance issues, it is unlikely that he will cook the books also.

    Having said these, I have not opposed any means of pressurizing him before May, but keeping cordial relationship. This can be done by meeting him by a group of investors or sending mails, etc.. Going to media and propaganda posters, I think, the time has not yet reached….

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    in reply to: General Discussion #4330
    Sobha
    Registered Boarder

    It appears that now things are going forward except the share price. Many things happened after the last conference call. PO is issued. If the Book is cooked up, it cannot happen. A time schedule has been reached with Daum on payment of the amount. I think we have to wait for some more time may be till May middle, before going to media or doing any open propaganda. After conference call, a group of people may meet skr also as suggested.

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    in reply to: General Discussion #4135
    Sobha
    Registered Boarder

    Likely. It appears the amount is near to 20 otherwise also. Skr told every share holder will be happy once the amount is disclosed. So it should be just above 16 and some interest. Any way it will not go below 16 which is the amount earlier agreed by skr. So likely to be near to 20..

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    in reply to: General Discussion #4132
    Sobha
    Registered Boarder

    No sir…..
    20 million paid at acquisition of 54% shares and handing over of Lycos. Balance according to skr is 16 million; but according to daum 36 million.. In discussions it was total 36 million; but in writing 6 times of ebitda. The then daum appointed head increased ebitda to high adding one time income…..After that daum was merged with Kakao…

    US court ordered against skr… It said, what is written is final..It asked to pay 36 million balance. skr gone for bankruptcy to y-brand media acquisition- the entity created only to acquire lycos. After some time bankruptcy removed. Some tiny amounts given by y brand to auditing, etc were gone to daum by court order.

    But all other subsidy were under y brand which is an indian entity. So to get back the amount, daum has to go to the indian court. That they were not confident of. What is under jurisdiction of US court, Lycos was given to daum on receivership for selling and getting back some amount. The loss is to be paid by y-brand which given the guarantee. But the case is to be in India. So kakao has to either go to indian court or settle with skr out of court. That drama going on….

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    in reply to: Technically speaking #4131
    Sobha
    Registered Boarder

    From PO, company will get 31 crore. Skr already said 25 crore loan is given by skr to the company. Earlier he was thinking of PO to himself directly. Now 25 crore will come back to him. That can buy 2.5 crores of oak holding which is totally 3.5 crore. That is 5% and limit in a quarter. Means, below rs 10 price is to be kept for some weeks more. The reasons are 1. exchange accepting PO, 2. purchasing from oak at rs 10, 3. continuing pressure on daum till final stamping of agreement.

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    in reply to: Technically speaking #4128
    Sobha
    Registered Boarder

    Appears that oak may exit. Because fund matures by june. Usually fund houses exit some months before expiry. It is likely that 7% skr is eying. That may be the sole purpose of extending the drama of price suppression. A part goenka’s holding may be handed over to skr as gratitude to whole game for years…..

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    in reply to: Outcome and consequences of Global Audit #3907
    Sobha
    Registered Boarder

    Shoumikji,

    In one of his interviews skr told that Sunder Pichai is his college mate at IIT, Kharagpur and he is with good memories and proud of that. So, just like microsoft coming into the country through AFFLE, Google can come through BCG…

    But otherwise also, according to your earlier posts, BCG is gong to have a mcap of 50000 to 70000 crore. This is true comparing the valuations of AFFLE and TTD. It means, he will be rich otherwise also. More than that BCG is now investing in AI which is next breakthrough sector. Further he has big dreams of worldwide industrial network and leading status in products. So, is it little biased to think that skr will sell?

    Always enjoying your brilliant posts…

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    in reply to: Outcome and consequences of Global Audit #3900
    Sobha
    Registered Boarder

    shoumik ji,
    You are repeatedly saying “to find a buyer for BRIGHTCOM LIKE GOOGLE”. Please explain the logic behind. Why a promoter should sell a company in a sunrise sector? Adtech companies are given premium valuation due to visibility of growth in coming years. If so, why skr should sell?

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    in reply to: General Discussion #3550
    Sobha
    Registered Boarder

    BG, the pain is that of 8 years. Broad downtrend started from 2010. Considering skr entered in 2012, the pain is of 8 years. There are so many investors of that time still holding…

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    in reply to: General Discussion #3286
    Sobha
    Registered Boarder

    Shoumikji,
    If the plan is to transfer back the shares at 12 – 13 or below 15, its meaning is that, for next more than 6 months the share is bound to be below 15. Are you thinking in that way?

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    in reply to: General Discussion #2755
    Sobha
    Registered Boarder

    Thank you Shoumikji. Happy New year to you and others. We are enjoying your presence and knowledge.

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    in reply to: General Discussion #1466
    Sobha
    Registered Boarder

    Thank you Shoumikji for your elaborate note..

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    in reply to: General Discussion #1413
    Sobha
    Registered Boarder

    He said that his personal money is used for clearing loan.. He further said, there was pressure from banks through different channels. More over he said, he is happy to purchase preferential shares for rs 10…

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    in reply to: Preferential Equity #1389
    Sobha
    Registered Boarder

    Shoumikji, What about convertible preferential shares?

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    in reply to: Looking at the balance sheet over ten years #976
    Sobha
    Registered Boarder

    Shoumikji, Your evaluation is wonderful. Your knowledge on the field is astonishing. Thank you… Write more..

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    in reply to: General Discussion #966
    Sobha
    Registered Boarder

    Shoumikji, waiting for next part of your reply. Please do a comparison of the technology used by AFFLE. Is their very high PE is justifiable?

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    in reply to: what about overdue receivables of 900 crores approx #843
    Sobha
    Registered Boarder

    Shoumikji, Your posts are wonderful. Thoroughly enjoyed. Thanks others also for developing the much needed debate..

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    in reply to: Questions to ask / Post-Conference Update #497
    Sobha
    Registered Boarder

    Earlier he offered at least a small dividend. when he is declaring that?

    Why a financial institution should give a loan (LOC)of 150 million USD to a company having a market capital of 20 million. Why this much duration, If they agrees?
    He could have settled with daum from internal accruals and with a higher market capital, subsequently tried for loan for working capital which would have created better chances for LOC. Why not doing like that?

    Question of flat results for many years while peers like affle,desk to desk, etc are making huge improvement?

    Whether oak wants to exit or not? Because in last con call he said – supply of shares is over.

    in reply to: TODAY BOARD MEETING FOR BRIGHTCOM GROUP Q2 & HY RESULTS #445
    Sobha
    Registered Boarder

    thanks for clarification

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Viewing 20 posts - 81 through 100 (of 108 total)