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fixed ideas based on no evidence are a very poor approach to investing...
A man of few words, and then mostly abbreviated.
My regards to Woodford when you see him.
lol
Jolly - come on let us have another negative message, it keeps me amused. Are you sure you are not a failed fund manager, an ex-adviser to Woodford perhaps?
What is your obsession with ‘fx’ what proof do you have of rationing?
Can I just say this: a country that is strike-ridden whilst borrowing to the hilt to keep its population on an undeserved high Standard of living is heading direction basket case - The United Kingdom.
a country that rations fx is a basketcase
Jolly - you have come back with a vengeance, three negative messages in a row, wow!
I cannot see where you get the idea of “repatriating dividends” from. Never heard of such a thing! BXP is buying chemical/medical ingredients globally, no issues with foreign exchange whatsoever, do you think their foreign bill-payments could possibly be repatriated ?!
Let us be honest, you are craving to see the share price on its knees so that you can dive in big style on the cheap. Oddly , In some way I would like you to succeed, as it would be great to buy the shares of this successful Globally expanding Company at a quarter of the BXP share price on the Dhaka stock exchange, I would buy massively! But is fear-sowing fair on small investors who may be panicked into selling at silly low prices, when actually they should perhaps be buying to take advantage of the silly low prices.
P.S. I for one am perfectly happy to wait a few weeks for the Dividend pay-out, not tat all desperate for the money.
Here you go the share price is 42p. Now. If you wait then you will see much more lower than this. Because everything is falling.
could get ugly as more fret (rightly imv) about payment of divi
perhaps folk should try contacting the dude at BNYMellon?
so why no dividend payment yet?
could it be that the bangladesh central bank has decided to ration fx? if so, it's a macro disaster for Bangladesh: who'd fdi in a country with a chequered track record of allowing dividends to be repatriated?
why has the imf allowed this?
sp drifting
little to say
could be at least a year before this bottoms...though if div not paid because taka not truly convertible atm I'd expect a collapse well below 25p
Jolly - You are lying low, nothing negative to say, come on do your duty…I miss you!
Maybe enough to know that Bangladesh is moving forwards, whilst the United Kingdom is moving backwards.
Thanks for the responses to my original message. We GDR holders have now waited 5 weeks for the dividend, longer than ever before, I think. I would have expected an update through RNS by now, so I am bothered by the delay, not to mention that BXP was my largest holding, so eager to receive a significant dividend amount that I have other uses for! ??
neither of us are experts on Bangladesh, but ....
Why should Bangladesh struggle with FX convertibility? The Taka is holding up well against the Pound’s recent rise, indeed better than the U.S Dollar. Come on Jolly, we know you are hoping for the share price to fall to fill your boots on the cheap, but you can not argue that BXP is less than an excellent progressive Company in a country that is currently more progressive than strike-ridden UK.
If Bangladesh is struggling to maintain FX convertibility, this is going sub 30p imv
Your Dividend will come, no worry.
I see Jolly is back, in his normal Unjolly mood. Needs anti-depressant medicine any more now.
Cheers to all who are about to receive a nice bitty Dividend.
#bargepole lol
The company advised on 19 /1/23 that the cash dividend for the year ended 30 June 2022 had been deposited with the custodian bank in Dhaka on 18 January 2023 for onward credit to respective GDR holders' accounts. Is anybody else concerned that this dividend has not yet reached GDR holders 4 weeks later? I have been told that the "payable date for the dividend has not yet been fixed due to the low liquidity ratio for the conversion of the local currency BDT into USD".
There are plenty Companies making large profit with not a great deal in the way of Net Assets.
But it i always nice to know that assets substantially exceed debts, in the case of BXP by 67p a share!
Somewhere in the region of 67p per share then. Still looks good at todays price.
Beza - Not quite. I checked again, looks more like £300 million. If you look up the Half Year Results in the RNS, there at the end it mentions Net Asset Per Share, which, when multiplied with the sharess, translates into about £300 million.
So just over double the current share price?!?! Thanks Winnings.
Beza - Look this up on the Comapany's website under 'investor relations'. At a quick glance I make it around £500 million.