Bright days for Brightcom BSE: 532368 | NSE: BCG

Bright days for Brightcom BSE: 532368 | NSE: BCG 

BRIGHTCOM IS A GLOBAL AD-TECH COMPANY THAT PROVIDES ROBUST SOLUTIONS IN AN INCREASINGLY COMPLEX PROGRAMMATIC ECOSYSTEM

he Brightcom Group is a digital marketing company founded in 2000 and headquartered in India^[1] with offices in US, Argentina, Brazil, Chile, Uruguay, Mexico, UK, France, Germany, Sweden, Ukraine, Serbia, Israel, China, India, and Australia, and with representatives or partners in Poland, and Italy.

Founded by Suresh Reddy^[2] and Vijay Kancharla^[3] as USAGreetings.com in September 1999, the company introduced its first eMarketing product 'Powered by USAGreetings' engine, in November 1999. In June 2000, the company metamorphosed into Ybrant Technologies Inc. In September 2007, the company filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). However, the company decided to put the IPO plans on hold.

In May 2008, Ybrant Technologies integrated all its acquired companies (Oridian,^[4] AdDynamix, MediosOne, and VoloMP) and formally changed its name to 'Ybrant Digital'. The reorganization of the company with the name change resulted in the formation of three primary operating divisions; Display Ad Networks led by Jacob Nizri,^[5] Technology Platforms led by Vijay Kancharla,^[3] and Strategic Initiatives led by Bradley N Cohen.^[6]

In December 2009, Ybrant added location-based advertising (LBA) to its services, entering into a partnership with Livevana Innovations & Lepton Software.

In February 2010, Ybrant Digital launched its local search platform in India 'Ybrant Reach' (YReach), starting in Hyderabad.

In August 2010, Ybrant Digital bought a search-based internet company Lycos. At the time, Lycos was a top 25 Internet destination worldwide, reaching nearly 60 million unique visitors globally.^[7][8] The Lycos Network of sites and services includes Lycos.com, Tripod.com, Angelfire, Gamesville, and HotBot.^[9]

In May 2012, Ybrant Digital announced that it had agreed to purchase PriceGrabber, LowerMyBills, and ClassesUSA.com from Experian. PriceGrabber provides price comparison shopping services to Yahoo! and MSN shopping. LowerMyBills.com offers savings through relationships with over 500 service providers, while ClassesUSA.com is an online higher-education portal. Steve Krenzer would move from Experian to Ybrant to continue to lead these three businesses. Ybrant expected the purchase to nearly double its revenues.^[10]

In September 2012, the purchase of PriceGrabber, LowerMyBills, and ClassesUSA.com from Experian fell through.^[11]

In March 2016, Ybrant Media Acquisition, Inc., a unit of Ybrant Digital, filed for chapter 11 bankruptcy protection in relation to a $36.6 million loss connected with the acquisition of the Lycos search engine.^[12] In 2018, Ybrant lost ownership of Lycos Inc.^[13]

In May 2018, Ybrant changed their name to Brightcom.^[14]

SAY YES BANK or NO to the BANK

Yes Bank is India's fourth^[2] largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades. YES BANK is a “Full Service Commercial Bank”, and has steadily built a Corporate, Retail & SME Banking franchise, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country.



WHY DID YES BANK CRASH ?


Investor sentiment in Yes Bank hit a low as the stock plunged 34 percent intraday on Friday to register its worst single-day fall since listing.


The Reserve Bank of India will require Kapoor to step down at the end of January, rejecting the lender’s request to extend his tenure by three years, the bank said in a brief statement late Wednesday. Yes Bank’s board will meet on Sept. 25 to decide on future action, the bank added, without giving details. 

Lets look at the return Yes bank has given to its investors .

Performance

	YTD	1-Month	3-Month	1-Year	3-Year	5-Year	10-Year
Yes Bank	-27.93	-41.93	-31.80	-39.77	13.86	26.05	23.36
NIFTY 50	5.82	-3.70	3.74	10.09	11.77	13.12	10.12
NIFTY Bank	0.22	-9.42	-3.40	3.22	13.41	19.07	15.01

Yes Bank has been giving negative return from the past one year and Rana Kapoor stepping down as the MD & CEO will Put further pressure on the stock

Fund Houses invested in the stock

Fund	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17
Aditya Birla Sun Life Mutual Fund	2.246	2.183	1.989	1.994	1.994
Franklin Templeton Mutual Fund	1.700	1.764	1.947	2.038	2.133
SBI Mutual Fund	1.308	0.930	0.856	0.660	0.525
UTI Mutual Fund	1.255	0.986	0.948	0.876	0.925
DSP Mutual Fund	0.967	0.668	0.942	1.274	1.043
Reliance Mutual Fund	0.838	0.659	0.297	0.633	0.824
HDFC Mutual Fund	0.695	0.607	1.032	0.944	0.974
Tata Mutual Fund	0.665	0.700	0.672	0.648	0.652
ICICI Prudential Mutual Fund	0.488	0.494	0.779	0.464	0.679
Kotak Mahindra Mutual Fund	0.446	0.407	0.630	0.485	0.468

Figures given above are % of equity capital

What should investors do ?

Rana Kapoor is to Yes bank as Ratan Tata is to TATA Group and Narayan murthy is to Infosys .

We know how TATA Group and Infosys fell when they did not have a good leader .

 

With a good captain, a rough ocean turns into a calm lake; with a bad captain, a calm lake turns into a rough ocean!

Difference between Preference Shares and Equity shares

Key difference is that while Preference shareholders enjoy the benefit of receiving their dividend distribution first; the equity shareholders enjoy voting rights in major company decisions, including mergers or acquisitions. 

 A Company can issue two types of shares viz. Equity Shares and Preference Shares. Equity shares are also known as Ordinary Shares.  While Preference shareholders enjoy the benefit of receiving their dividend distribution first; the equity shareholders enjoy voting rights in major company decisions, including mergers or acquisitions. 


Preference shares have the right to receive dividend at a fixed rate before any dividend is paid on the equity shares. Further, when the company is wound up, they have a right to return of the capital before that of equity shares. The key differences between preference shares and equity shares are listed in the following table: 

Basis of Distinction	Preference Shares	Equity Shares
Rate of Dividend	Paid at fixed rate	May vary , depending upon the profits
Arrears of Dividend	Get accumulated for cumulative preference shares	No accumulation
Preferential Rights	Before Equity shares	After
Winding up	Have a right to return of capital before equity shares . This means they are safer.	Only paid when preference share capital is paid fully
Voting Rights	No voting rights	Voting rights
Right to participate in Management	Have NO right	Have right

Apart from the above, the preference shares may carry some more rights such as the right to participate in excess profits, which a specified dividend has been paid on the equity shares or the right to receive a premium at the time of redemption.
The preference shares are safer investments than the equity shares. In case the company is wound up and its assets (land, buildings, offices, machinery, furniture, etc) are being sold, the money that comes from this sale is given to the shareholders. After all, shareholders invest in a business and own a portion of it. Please note that usually, the preference shares are most commonly issued by companies to institutions. 
That means, it is out of the reach of the retail investor. For example, banks and financial institutions may want to invest in a company but do not want to bother with the hassles of fluctuating share prices. In that case, they would prefer to invest in a company’s preference shares. Companies, on the other hand, may need money but are unwilling to take a loan. So they will issue preference shares. The banks and financial institutions will buy the shares and the company gets the money it needs. This will appear in the company’s balance sheet as ‘capital’ and not as debt (which is what would have happened if they had taken a loan). Preference Shares are NOT traded in stock exchange. This also means they are not ‘liquid’ assets; there’s little scope for the price of these shares to move up or down. On the other hand, ordinary or equity shares are traded in the markets and their prices go up and down depending on supply and demand for the stock. But, that does not mean the investor is stuck with his shares. After a fixed period, a preference shareholder can sell his/ her preference shares back to the company. This cannot be done with the ordinary shares. Ordinary shares can be only sold to another buyer in stock market. One can sell the ordinary shares back to the company only if the company announces a buyback offer.

Reading The Balance Sheet

A balance sheet, also known as a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.

1. The Balance Sheet Equation

The main formula behind balance sheets is: Assets = Liabilities + Shareholders' Equity

This means that assets, or the means used to operate the company, are balanced by a company's financial obligations along with the equity investment brought into the company and its retained earnings. The total assets must equal the liabilities plus the equity of the company.

2. Know The Current Assets

Current assets have a life span of one year or less, meaning they can be converted easily into cash. Such assets classes include cash and cash equivalents, accounts receivable and inventory. Cash, the most fundamental of current assets, also includes non-restricted bank accounts and checks. Cash equivalents are very safe assets that can be readily converted into cash; U.S. Treasuries are one such example. Accounts receivables consist of the short-term obligations owed to the company by its clients. Companies often sell products or services to customers on credit; these obligations are held in the current assets account until they are paid off by the clients.

3. Know The Non-Current Assets

Non-current assets are assets that are not turned into cash easily, are expected to be turned into cash within a year and/or have a life-span of more than a year. They can refer to tangible assets such as machinery, computers, buildings and land. Non-current assets also can be intangible assets, such as goodwill, patents or copyright. While these assets are not physical in nature, they are often the resources that can make or break a company - the value of a brand name, for instance, should not be underestimated. Depreciation is calculated and deducted from most of these assets, which represents the economic cost of the asset over its useful life.

4. Learn The Different Liabilities

On the other side of the balance sheet are the liabilities. These are the financial obligations a company owes to outside parties. Like assets, they can be both current and long-term. Long-term liabilities are debts and other non-debt financial obligations, which are due after a period of at least one year from the date of the balance sheet. Current liabilities are the company's liabilities which will come due, or must be paid, within one year. This is includes both shorter term borrowings, such as accounts payables, along with the current portion of longer term borrowing, such as the latest interest payment on a 10-year loan.

5. Learn about Shareholders' Equity

Shareholders' equity is the initial amount of money invested into a business. If, at the end of the fiscal year, a company decides to reinvest its net earnings into the company (after taxes), these retained earnings will be transferred from the income statement onto the balance sheet into the shareholder's equity account. This account represents a company's total net worth. In order for the balance sheet to balance, total assets on one side have to equal total liabilities plus shareholders' equity on the other.

6. Analyze With Ratios

Financial ratio analysis uses formulas to gain insight into the company and its operations. For the balance sheet, using financial ratios (like the debt-to-equity ratio) can show you a better idea of the company's financial condition along with its operational efficiency. It is important to note that some ratios will need information from more than one financial statement, such as from the balance sheet and the income statement

OK PLAY Financial Results For 30 June, 2017

http://www.moneycontrol.com/news/business/companies/huge-opportunity-in-ev-space-will-produce-250000-vehicles-next-year-ok-play-india-2388757.htmlOK Play India consolidated net profit rises 166.67% in the June 2017 quarter
Net profit of OK Play India rose 166.67% to Rs 1.12 crore in the quarter ended June 2017 as against Rs 0.42 crore during the previous quarter ended June 2016. 
Sales rose 32.39% to Rs 27.06 crore in the quarter ended June 2017 as against Rs 20.44 crore during the previous quarter ended June 2016

Here are some more key Update form OK PLAY

Huge opportunity in EV space; will produce 250,000 vehicles next year: OK Play India

OK Play India reported a steady of numbers with revenues jumping 36 percent. In an interview to CNBC-TV18, Rajan Handa, MD of OK Play India decoded the earnings fine-print and also spoke about opportunities in the electric vehicle (EV) space.

OK Play India reported a steady of numbers with revenues jumping 36 percent. In an interview to CNBC-TV18, Rajan Handa, MD of OK Play India decoded the earnings fine-print and also spoke about opportunities in the electric vehicle (EV) space.

We have set up manufacturing facilities in conjunction with our manufacturing partners across the country. We have seven facilities up and running and all of them are producing the same products with the same equipment using the same components. These are all dedicated EV facilities, he said.

We have done test marketing on EV and we have about 46 showrooms operating which deal only with OK Play EVs, he added.

The average price per vehicle is Rs 1,25,000, when I am talking about an e-rickshaw. There is a lot of opportunity also in the retail market because this is a natural upgradation from cycle-rickshaw or using a petrol/diesel alternative, said Handa.

We are being conservative about numbers because the opportunity is humongous, the capacities that we have created now would allow us to produce in the next year 250,000 vehicles. We have also tied up with one of the leading non-banking financial companies (NBFCs) to get these vehicles financed for the end-user, he further mentioned.

I would look at 10,000 units coming on a monthly basis down the line, Handa said.
To watch the full interview , click on the below link :

http://www.moneycontrol.com/news/business/companies/huge-opportunity-in-ev-space-will-produce-250000-vehicles-next-year-ok-play-india-2388757.html

OK PLAY INDIA LTD , BSE Code - 526415

 OK PLAY INDIA LTD - BSE Code - 526415

http://www.okplay.co.in/index.html

http://okplayev.com/

The company is primarily a toy maker. It has a product portfolio of school furniture, playground equipment, signage boards and automotive fuel tanks along with toys. In the toys market, ‘OK Play’ is an unmatched brand. it has developed 100% plastic parts for electric vehicles and marketing them under the ‘e-Raaja’ brand. The company which has already been in the e-vehicles market with eight unconventional electric products that include e-rickshaws, e-vending carts, e-mobile shops, e-loaders, e-garbage collectors, e-school buses, e-scooters, has launched six variants of electric two-wheelers in the first quarter of 2017-18. These two wheelers, with one single charge, can ply 80 Km distance with 40 KMPH speed. 

Rajan Handa, founder-managing director of OK Play Electric Vehicles, believes the three-wheeled platform will be the low-hanging fruit since it will be the most cost-effective of all vehicles.

As India eyes an all-electric car fleet by 2030, Rajan Handa, founder-managing director of OK Play Electric Vehicles, believes the three-wheeled platform will be the low-hanging fruit since it will be the most cost-effective of all vehicles. "We decided to exploit our skills and experience in engineering and plastic moulding to design and develop technically and commercially viable electric vehicles," says Handa. OK Play's e-rickshaw under the brand E-Raaja is priced at Rs 1.25-1.5 lakh and indigenously developed. The company's other products include e-vending carts, e-mobile shops, e-loaders, e-garbage collectors, e-school buses and e-scooters. The e-rickshaw weighs 320 kg and can carry a load of 700 kg. It has a maximum speed of 24 km/ hr and the battery lasts 80 km with each charge. The company can produce 20,000 vehicles every month. "We have set up manufacturing facilities in eight locations in the country. With two more coming up, OK Play will be able to cater to national requirements in real time," says Handa.

THE WAY FORWARD

"We are in the process of covering the entire geography of our huge country. We are also working towards becoming a global supplier of electric vehicles."

OK Play EV : A New Definition of E- Rickshaw

---

Designed to Rule the Roads

OK Play Electric Vehicles, one of the most recognised manufacturers in India, has combined innovative design with unparalleled quality to develop e-Raaja, India’s first plastic body e-rickshaw. Robust build and unique features of e-Raaja makes it far superior to any other e-rickshaw in the market. With its seamless, sturdy body, rounded edges and impact resistant plastic, e-Raaja is built to endure rough roads and provide a safe ride with maximum comfort. All this, along with striking aesthetics, makes it a viable option for last mile commute on difficult Indian roads.

Here are their clients in the automative sector 

 

POP, Signage &Display Stands

Toys, School Furniture &Playground Equipment

OK Play India Ltd has an annual production capacity of 96,000 electric two-wheelers. The government aims to develop India an e-mobility nation by 2030. To achieve the target, it has chalked out ambitious policies like FAME (Faster Adaption and Manufacturing of Hybrid and Electric vehicles), National Electric Mobility Mission, etc. The Indian e-two-wheelers market has been expanding at a 30% per annum growth rate. The company may garner a 10% market share. It is going to distribute world renowned toy brands in India. As the Supreme Court gave its verdict banning the fresh sales of BS-3 vehicles from April 1, 2017, the company will benefit mostly with the expected demand surge for its Plastic Fuel Tank which strictly adheres to Bharat-4 standards. OK Play has entered an agreement with an Israel firm for developing and marketing of ‘inspection chambers’ which find usage in the sewerage and drainage systems management.

 

The promoters and non-promoters pumped in fresh capital by subscribing to its equity shares and warrants at a price of Rs 140.47. It caused a surge in the net worth of the company by about Rs 21 crore. With the implementation of BS-4 ecological norms and with the SC final verdict banning the BS-3 sales from this April 1st itself, now there will be an explosive demand for the next generation eco-friendly auto components. OK Play India Ltd, the maker of these parts, is attracting the market players. Currently priced at 164 rs

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that i might have Ok Play India Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.

Reliance Jio Phone 4G mobile launched - Bad days ahead for Airtel and idea ?

Reliance Jio Phone 4G mobile launched. Bad days ahead for  Airtel , Dish Tv or do they have something up their sleeve ?
Reliance Jio today announced the launch of its much rumoured 4G feature phone, which is named as JioPhone. Along with that it has announced its cable TV device. The JioPhone will be available for free but buyers will have to deposit a fee of Rs 1500 which will be refundable after three years on returning the phone. This means the phone will be available at an effective price of zero. JioPhone will be available for beta testing this 15th August, while pre booking will start from 24th August; physically it will available from September this year. 

Price and data plans:

1. Reliance Industries Limited chairman Mukesh Ambani on Friday announced the JioPhone, a 4G VoLTE feature phone which he called ‘India ka Smartphone’.

2. The JioPhone’s effective price is Rs 0. This means, you can buy the phone at Rs 1500, which will be refunded after 3 years.

3. The phone is a feature phone, but with a larger screen, access to apps and of course 4G data and 4G VoLTE calls and will effectively cost the customer Rs 0 for the device.

4. JioPhone users will have to pay just Rs 153 a month, including the cost of the phone. There will be a weekly plan of Rs 54 and a two-day plan of Rs 24 with all the same features.

Features:

5. The highlight of this phone is the 4G VoLTE, it has a voice command interface, and comes pre-loaded with Jio’s apps loaded on it.

6. JioPhone has 2.4-inch display, and can play the JioCinema app as well. So users can watch movies on this feature/smartphone smash.

7. It has an SOS feature as well, which can be activated by pressing 5. There is support for NFC that enables quick payments, and the ability to cast content.

Availability and date of sale:

8. The phone will be available for beta testing from August 15 and for prebooking from August 24.

9. The phones will be available for sale at a first come, first serve basis from the last quarter of 2017. The target is to make 5 million phones available every week.

10. The JioPhone will always have free voice calls. From August 15, the JioPhone will come with free unlimited data.

Made in India JioPhone:

11. The phone has been created by Indian engineers for an Indian audience.

Other things to know:

12. The phone will offer an innovative cable link to television to help users view content on a big screen at home. Users will need to buy the Jio Dhan Dhana Dhan package of Rs 309 to get the extra data needed for this.

13. The phone also responds to voice commands, which is unprecedented for a feature phone anywhere in the world.

14. Jio will be the greatest accelerator of the Bharat-India connectivity, said Mukesh Ambani.

15. Mukesh Ambani declared 15th August 2017, as ‘DIGITAL FREEDOM’ for all feature phone users with JioPhone.

JioPhone is bad news for Bharti Airtel, Idea Cellular , Dish TV , Hathway cable and shilpi cable