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SobhaRegistered Boarder
kpal,
Is there any indication of said step of Google to get in BCG?0SobhaRegistered BoarderCharging somebody without proper evidence is injustice. Request all to keep away from that..
Everybody has the right to express their opinions so long as those are not personal attacks and abuses. Others have to hear that patiently which is democratic. Blocking somebody from talking is an extreme action which is to be taken with extreme caution. In this case I think a warning was only required. So I request to unblock the blocked ID to admin.
I myself is a long term investor with a single share portfolio and having a holding value less than 20% of invested sum. So I do Identify with the expressed suffering of Bull Guru/Hitesh/Maniac, etc. The management was playing with time is a fact.
What is criticized is the emotional and extreme way of reacting. Further the failure to look into the recent actions is also a point. There is a jump from narration of suffering to illogical actions. That’s the only point.
0SobhaRegistered 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….0SobhaRegistered 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….
0SobhaRegistered BoarderIt 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.
0SobhaRegistered BoarderLikely. 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..
0SobhaRegistered BoarderNo 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….
0SobhaRegistered BoarderFrom 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.
0SobhaRegistered BoarderAppears 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…..
0SobhaRegistered BoarderShoumikji,
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…
0SobhaRegistered Boardershoumik 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?0SobhaRegistered BoarderBG, 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…
0SobhaRegistered BoarderShoumikji,
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?0SobhaRegistered BoarderThank you Shoumikji. Happy New year to you and others. We are enjoying your presence and knowledge.
0SobhaRegistered BoarderThank you Shoumikji for your elaborate note..
0SobhaRegistered BoarderHe 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…
0SobhaRegistered BoarderShoumikji, What about convertible preferential shares?
0SobhaRegistered BoarderShoumikji, Your evaluation is wonderful. Your knowledge on the field is astonishing. Thank you… Write more..
0SobhaRegistered BoarderShoumikji, waiting for next part of your reply. Please do a comparison of the technology used by AFFLE. Is their very high PE is justifiable?
0SobhaRegistered BoarderShoumikji, Your posts are wonderful. Thoroughly enjoyed. Thanks others also for developing the much needed debate..
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