#brightcom (high risk high return)
CMP: 10.45
Target: 10-25-50% / 2x / 4x / higher
SL: 7
Timeframe: 2-5 yrs
Best Buy range: 7-9
Allocate 1-2% of #Portfolio
Analysis in Comments
Please do your due diligence
#brightcomgroup #StockMarket #NSE #BSE #StocksToWatch #bcg
CMP: 10.45
Target: 10-25-50% / 2x / 4x / higher
SL: 7
Timeframe: 2-5 yrs
Best Buy range: 7-9
Allocate 1-2% of #Portfolio
Analysis in Comments
Please do your due diligence
#brightcomgroup #StockMarket #NSE #BSE #StocksToWatch #bcg
#brightcom
👉Recently became debt free (biggest positive)
👉PE 1.18
👉BV 55
👉Fortune 500 #India Company
👉FII up stake in last qtr
👉Paid Div after 4 yrs
👉400+cr in last 4 yrs
👉Bigger than #Affle
👉22 Office Location
👉Recently became debt free (biggest positive)
👉PE 1.18
👉BV 55
👉Fortune 500 #India Company
👉FII up stake in last qtr
👉Paid Div after 4 yrs
👉400+cr in last 4 yrs
👉Bigger than #Affle
👉22 Office Location
#brightcom
Risks:
👉Debt was biggest concern which is solved recently
👉CG issues (this is improving but keep 👀 on it)
👉Huge Promoter holding pledged
Risks:
👉Debt was biggest concern which is solved recently
👉CG issues (this is improving but keep 👀 on it)
👉Huge Promoter holding pledged
Why price of #brightcom crashed in 2016?
➡️Lost Lycos to Daum in US court
➡️Subsidiary Ybrant filed for bankruptcy in US
Both of these led to huge debt & price has never recovered since then
Things have improved since & with consistent perf, #bcg is bound for Re-rating
➡️Lost Lycos to Daum in US court
➡️Subsidiary Ybrant filed for bankruptcy in US
Both of these led to huge debt & price has never recovered since then
Things have improved since & with consistent perf, #bcg is bound for Re-rating
#brightcom
Overall #brightcomgroup paid 350 cr in principal, penalty & interest to become virtually debt free. All this from internal accruals over past few years. Closed Axis Bank loan recently
Overall #brightcomgroup paid 350 cr in principal, penalty & interest to become virtually debt free. All this from internal accruals over past few years. Closed Axis Bank loan recently
#brightcom Q3FY21 Conf Call
1/2
-B Local product doing well in US newspapers #market
-Line of Credit: restructuring this process for moving forward in business & acquisition
-New office in Berlin
1/2
-B Local product doing well in US newspapers #market
-Line of Credit: restructuring this process for moving forward in business & acquisition
-New office in Berlin
#brightcom Q3FY21 Conf Call
2/2
-Mgmt looking for organic & inorganic growth
-Promoter pledged will start getting revoked since becoming debt free
-Recent equity dilution was done to mediate business working & other things (here is CG issue where things aren’t transparent)
2/2
-Mgmt looking for organic & inorganic growth
-Promoter pledged will start getting revoked since becoming debt free
-Recent equity dilution was done to mediate business working & other things (here is CG issue where things aren’t transparent)
Considering #brightcom not transparent on usage of money from equity dilution, some of it could have used for debt payment
#bcg with Debt free status, can it increase the shareholder value with better LOC & Growth?
Next couple yrs seems very interesting
#StockMarket #Analysis
#bcg with Debt free status, can it increase the shareholder value with better LOC & Growth?
Next couple yrs seems very interesting
#StockMarket #Analysis
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