I’m invested in Radiocity since Aug-20 and I’ve been closely tracking the NCRPS issue for more than 12 months now. Given the pace at which this whole NCRPS has moved, it only reminds me of Sunny Deol’s famous dialogue “Tareek pe tareek, tareek pe tareek”. The biggest merger in India’s corporate history of HDFC-HDFC Bank is likely to be completed within 12 months and this minority-shareholder friendly management has failed in getting the NCRPS issue approved/completed in more than 2+ years. Let’s hope 7th Nov is not just another “tareek”.
Talk is cheap, actions matter! This is pretty much the last quarter of patience I have for this company. In Q1FY23 concall, the management initially guided for getting close to FY20 revenues (248cr) in FY23. Now in Q2 concall, the management gave a conservative revenue figure of 200cr saying they can achieve it comfortably and some more in all likelihood. They better get close to 210-215 cr revenue in FY23 if they have any credibility left.
Sincerely,
Frustrated Shareholder because of judicial system and management continuously kicking the can down the road!
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