We don’t learn from History, do we?? But we always like stories.
As new investors come to market and try to reinvent whole wheel, markets will remind everyone what it is and make sure everyone learnt the hard truth, lessons with tuition fees.
Any one wants know about this company, or wants to invest, please request the forum members, before asking about this company any questions please (once again please) read, re read all the posts above and decide, there is ton of information above.
Anyhow it’s your hard earned money and your decision.
Reposting here to remind the lessons learned from Gensol Episode:
We won’t learn from History- do we??
Every year new investors come to the market and think this time it’s different and it’s cheap because its fallen 80% how much it can go more from here …then it falls 80% from there…
First Denial…then finding reasons defending the company… then more smoke comes out…then trying to find facts…then story becomes ugly…then acceptance…booking loss… and then…realization and lesson learned … then move on…
As they famously say History doesn’t repeat itself…It rhymes… isn’t it…
Any thoughts on very long receivables historically - 349 debtor days, working capital~524 days? Defence contracts often have long acceptance / payment cycles so that way C2C’s problem is not unique — It’s competitors/peers shows similar long receivables — but C2C is at the worse end of the spectrum.
Apples & Oranges comparison. Data patterns still remain a debt free company as for most of the contracts there is advance given by the customer. Also the nature of the contracts till now were development contracts which naturally have higher WC.
C2C has generated a combined CFO of -157 Cr in 5 years. Data patterns has generated a combined CFO of 137 Cr in last 5 years.
All of this looks real hunky-dory, but can we even trust these numbers? History of the management cooking up the books is present in this forum. What makes us believe that this time everything is clean? There is no cashflows to speak of. I guess this could be a very reward-risk skewed bet - given the huge corrections, but even a false alarm raised on concern over the numbers will send it into lower circuits for weeks. When a stock falls from 80% down from ATH to 90% down from ATH, investors at 80% level have lost 50% of their capital. It’s real painful
