Forum Replies Created
-
AuthorPosts
-
Srd.rdxRegistered BoarderSrd.rdxRegistered Boarder
I will be more than happy if nobody subscribes to warrants and company does not raise funds diluting at 7.7!
I don’t know if price will crash or will rise if allotment fails but it will certainly be in favour of long term Patient holders by not diluting at pathetic 7.7!
5+Srd.rdxRegistered Boarderapproved the allotment of
3,50,00,000 (Three Crore Fifty Lakh) Fully Convertible Warrants (‘Warrants’) each
carrying a right to subscribe an equal no. of Equity Share of Rs. 2/- (Rupees Two Only)
each of the Company, for cash, at an issue price of Rs. 25/- (Rupees Twenty-Five Only)
(including premium of Rs. 23/-) per warrant, on preferential basis to the entities
belonging to the promoter group o f the Company (‘ Allottees’), upon receipt of 25% of issue price from the allottees in
accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements)
Regulations 2018:************* Seems like its the case that only the ones for which exchanges approved and they got 25% they allotted.
****Below is the wordings of Ducon
We wish to inform you that the Members of the Allotment Committee at its meeting held today
i.e., Monday, 1st February, 2021, have approved the issuance and allotment of the following on
conversion of outstanding Unsecured Loan amount post receiving in-principal approval from
BSE Ltd. and National Stock Exchange of India LtdSo in both the cases…its the FINAL allottment post approval and not the proposal.
Like other boarders explained. There seems to be internal communication between exchange and company and post receipt of funds/approval the allottment is done.
I expect final allotment of around 200 crores in BCG and not 260 crores as originally proposed.
3+Srd.rdxRegistered BoarderI have another doubt over here. Can it be that it’s A + B kind of situation OR we are sure that’s out of the proposed allocation to A, B is the final allottment?
If it’s case that B is final allottment who have paid money after they were cleared by exchanges then my guess is in BCG our of 260 crores we will see appox 200 crores being cleared by exchanges. I am connecting it to BCGs coverage in ET where Mr SKR said 200 crores are coming.
3+Srd.rdxRegistered BoarderDear drjaysee, Seems like I jumped the gun looking at the notification. Just noticed Morepen has sent such email in October 2020 as well raising 421 crores and then another notification raising 70 crores. So seems like A+B. Its just another warrants.
Others..Please do share your thoughts.
1+Srd.rdxRegistered BoarderBCG mgmt should provide an update on current status. There is too much of suspense over it.
2+Srd.rdxRegistered BoarderPeople were talking about Morepen.. They completed the allotment process today!
Srd.rdxRegistered BoarderIn onne of the concall , master said. It’s a question of 8 crores vs 20 crores.
How did it became 40 crores???
5 cr payment is of couple of months ago and not recent.
7+Srd.rdxRegistered BoarderEven I havent recieved it for all the accounts.
I am yet to get from 2 of the accounts.Thanks!
1+Srd.rdxRegistered BoarderMy understanding..
1. They have to pay 25% within 2 weeks from 26/27th December so effectively by 10th the company will have the partial money post allotment.
2. They can pay remaining 75% anytime within 18 months. It may be as early as next month.
3. Post they pay 100% , the shares will be locked in for 6 months from the date of allotment of shares.
Once step 1/2/3 is completed..the shares could be dumped to market or expect them to be transferred to some institutions.
It all depends on SKRs game plan..if credibility improves BCG is a buy even at 10-20-30-50 rs..it’s pretty cheap. But is the same shrewd tactics continues.. expect pump and dump.
And BCG remains BCji!One thing is very prominent.. Acquisition is on cards.as told by SKR in AGM but again v have witnessed many announcements without anything concrete!
Srd.rdxRegistered BoarderSrd.rdxRegistered BoarderSo far..its shock only..for everyone!
Expect a revised AGM notice in next 2 hours and that should contain the details of who is being allocated these warrants.
The notice says revised AGM notice dated 4th December. Seems like it is being worked out and will be available soon.
2+Srd.rdxRegistered BoarderSurprisingly SHP is out..pretty early as per BCG standards.
Total shareholders crossed 50000!!!
Expert comments please
Srd.rdxRegistered BoarderWonderful news… sentiments should change for good now.
Srd.rdxRegistered BoarderAnd the most WELCOME move is that fellow investors are holding this patiently.
No Euphoria over UC/LC.
Very Mature behaviour. Best wishes fellow BCGians… Eventually it will move up.
Lets wait for other notifications to come out.Regards
Srd.rdxRegistered BoarderIndeed a welcome move of Oak exit.
I expect Axis news to come in this week further improving the fundamentals of the company.6+Srd.rdxRegistered BoarderSrd.rdxRegistered BoarderHappy to see that there is least discussion on the price..it’s hitting 52 weeks high and the excitement is missing..or better to say..it’s cautious approach.
Hope the long term sufferers are holding it with patience.
0Srd.rdxRegistered BoarderNostalgia:- Trading pattern of today reminds me those days when it went from 3 to 66..
It used to happen like this.. strong UC. stil circuit opens. shopping done ..circuit closed.. Rally continued!!Just hoping it shows the same in this round as well.
0Srd.rdxRegistered BoarderAnother disclosure..Mr Reddy should get the money by next Friday and in the subsequent week.. listing of shares..
Positivity in the air
0 -
AuthorPosts