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115 Taka/share
is extraordinarily cheap
the DES30 has performed poorly, but BXP's sp in dhaka is still weirdly cheap
And the sp on DSE is drifting down towards it lol
It's a little shy of taka 100/share
jolly, do you have a nav figure for beximco? my ‘back of a *** packet’ is 59p but it’s be interesting to hear the opinions of others.
Tks...pronounced seasonality with 2H weaker than 1H
they've earned Taka 6.7/share in 1H, so that's forecasting c2.5 in each of next quarters
* I use*
Thanks for that.
We’ll I use Stockopedia and that’s forecasts eps of 11.7 BDT for 2024 and 13.7 for 2025 if that’s any help.
Tnw is tangible net worth
when a company in a decent market trades close to tnw, it does beg questions about how low its market value has become
my guess is that BXP can recover some pricing power lost from inflation, but we'll have to see what the next quarter's results look like
… pardon my ignorance Jolly but what’s tnd?
On a downhill run
bxp is pretty much correlated to the wider index, and volumes for trading BXP are low by historic standards
the share in dhaka now trades on current p/e of c10 using last unaudited financials and perhaps 20% premium to tnw
so 90p equivalent in dhaka, trading on modest multiples and just following index lower
I'd suggest the most important macro trends to monitor incl the Indian/Bangladesh inflation differential and exchange rate
I'm encouraged by the resilience of the sp in Dhaka, and let's hope the worst of the macro headwinds for Bangladesh are over
Inflation needs to come down for real stability
Come on Jolly, don't pretend to be small fry. And look, the share prce is showing signs of rising, but still jolly cheap.
My dividend arrived the other day, very nice!
Why not get ssuper rich and fill your boots to the brim, just a bit of patience and then, yes... Bahamas here I come!
Pocket money!$?!
Jolly - Pocket money to you, pocket money. And that in possibly one of the safest stocks on the market.
Medicines man, medicines, always a growing demand for medicines, especially those produced at lower cost, and
that is where BXP excells!
£80-100k in one tiddler, exposed to Bangladesh country risk is mad really
I've got carried away
Jolly - Peanuts for a man like you. You are foregoing an opportunity to make serious megabucks over time. all you need is a much larger pile of the shares, put them in a drawer, leave the there for a few years, then dig them out when the time suits you, and then HEY PRESTO ...Bahamas here we come!
IMHO
Going thru
so I'd expect the sp to settle back down c37p
I hold c200k
BXP up 5% today on Dhama Stock exchange, makes our GDR shares (which are entitled to exactly the same dividend)
look miraculously cheap at less than half price.
Jolly - you should have been buing more, stlll not too late.
Finally showing so resilience
back up to Taka 140 (c£1)...and still only trading on modest 10-12 p/e
>605 discount for GDR is towards high end of historic range
I have to say that I was expecting Beximco’s results to raise the share price more than it did. Despite a decent update the share price is only about 10% off its low after being quite heavily sold down. It’s a really harsh market at the moment.
Hard to say for sure but don't think its that much of a big deal. For reference, the co-founders are still the current Chairman and Vice Chairman (The VP is also an MP and an advisor to the Prime minister) and both hold around 9 million shares each so very much aligned with the shareholders. In comparison to the now former managing director who had 14,657 shares at last time of reporting.
The Managing Director here which I presume is the CEO was whisked off to be the sports minister by Hasina. Autocratic or what? Will she appoint the replacement! A bit of a vacuum at the moment.
Not bad, the company showing good rises in T/O and Profits, paying out 2.5p Dividend arriving shortly, and our GDR shares here at half price form what the BXP shares trade on in the Dhaka stock exchange.Lovely!