Shankar Sharma reveals 'investment wisdom' before Brightcom Group board meeting
Indian stock market bourses about the developments post-SEBI order, ace investor Shankar Sharma has come forward ahead of the board meeting scheduled on 27th August 2023 and talked about the investment wisdom while indulging in 4 AM investment. In a long tweet, Shankar Sharma said that he has already done and compiled capital market regulators data requirements, submitting all investment remittances to the company. Explaining pros and cons in 4 AM investing, market magnate said that problems are known and priced in, while the upsides aren't.
He said that known problems can be modeled whereas unknown problems are problems are impossible to protect against. Explaining the investment wisdom while investing in stocks, Shankar Sharma tweeted, "When it comes to 4 AM plays, of which I have done many, making a lot and losing a fair bit too. And more specifically, my investment rationale for BCG, so that it serves as a good ( horror) case study in 4 AM investing.
I have known Suresh Reddy since around 2014-15. He would occasionally meet & explain his business prospects to me. I never got interested primarily because a) it had a lot of debt, b)I saw the balance sheet as being bloated." "Then came COVID.
The pandemic was a boon for all Ad Tech companies worldwide as digital spending surged. BCG's numbers were surging too , as were for other similar companies in India and US ( Trade Desk, eg). That's when, on or around September 2021, that I decided the opportunity looked ripe: balance sheet had been restructured, impairment charge had been taken, ROE was improving, debt was gone, and business was growing sharply.
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