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Encouraged by the rise above 60p but yeah there really shouldn't be such a large gap.
BXP HY Results coming out next month should cause this to re-rate I feel.
#famouslastwords
dip below 60p over (at least for now)
this discount to the ords (62p v c110p equivalent) is still over 40%
...is that reasonable?
you have to take a pretty bleak view of corporate governance of one of the country's gems
I think with the progress we're seeing on the Oxford vaccine - and "Jonathan Van-Tam, England’s deputy chief medical officer, has told MPs that the Oxford University vaccine might even be ready by December." - this may help. The vaccine will dwarf Remdesivir. Given the population of Bangladesh is 165 million, even if they aimed for 70% vaccination rate this is still over a 100 million people. If the vaccine is only $10 this equate to a >$1Bn (based on a single dose) - more if they give the 2nd dose booster. Remdesivir may become less important to BXP as time goes on?
Some negative press about Remdesivir on Thursday / Friday from the WHO (saying that it has little effect on Covid) but doesn’t seem to have affected the share price. I was kind of hoping for their to be a positive story though to give the price a boost.
DSE/ords ticking down
Hardly surprising that some are bagging v decent profit
Completely agree Jolly.
Worth noting that this is still trading at a 45% discount to the DSE valuation.
Onwards and upwards : )
real spread is hopelessly wide atm
if this trades high over w/e in Dhaka
those selling at 55-56p
may feel mighty foolish
Getting a quote of 56p to sell on ii, but not giving me an e-quote to buy ("Market Best" on as little as 5000 shares).. Good signs
We'll know the answer in about a month. At the moment no reason to suspect not..
With the sudden jump to 59p on the ask, and 54p on the bid, wondering whether we have another (or the same) buyer back?
Guys,
Quick question - is BXP still paying a divi?
bought 4k more @ 54.3p...
Thanks Jolly
Great post, Jolly!
This looks good value, it's clearly growing, and BXP ramping up their export growth (esp in the USA) is very exciting!
BXP seems to have stablised on the DSE so I expect us to do the same here I hope. Will wait until that's happened before topping up.
PS - what does GDR mean? I'm not familiar with that one
yep...so "our" GDR is trading at a c50% discount
which seems (much) too great a discount
whether to top up now
(or wait and see whether there is another bout of profit taking in Dhaka)
is a tough call....
a current year (2020/21) p/e for the ords of not much higher than 10
is hardly that demanding, esp if you reckon
BXP can ramp up its export growth
Good to see the rise on the DSE today (119Tk - £1.09 equivalent). May be helped by the Oxford vaccine restarting trials in India..
perhaps worth waiting to see where the sp bottoms on Dhaka
2019/20 pe of 10 would give something like Thaka 85, so dipping below Thaka 100 wd be understandable...
& would that drive the GDR down to 50p again (45% discount or something of that order)
dyor, all
More sells than buys today but we're talking very tiny sums either way so I'm surprised by the 8% drop.
Keeping my powder dry until the dust settles somewhat.
# Trades 14
Vol. Sold 52,720
Sold Value £29.00k
Vol. Bought 24,743
Bought Value £13.61k
PE Ratio 7.895
Earnings 6.967
Dividend 1.358
Yield 2.470%
Still 62p to buy on a dummy test. MMs just dropping the sell/bid, but not sure their game - maybe accumulating (to fill an order), maybe just trying to stimulate the market? SP movement is on very low volume and not sure how well a tree shake will work on this share..
cos I feel this is only going one way longer term.
Waiting and watching to time my top up ...