Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Kirkyrip has an absolutely correct interpretation of the situation, IMHO.
I doubt it's a manpower issue. I expect it relates to the elephant in the room, namely the outstanding litigation. That was supposed to have been sorted by the end of 2023 but hasn't and for whatever reason the auditors don't believe they have the full picture. The fact it is ongoing suggests further legal fees etc and maybe more.
I've sold out this morning.
This set of accountants are beyond incompetence! The company should sack the lot at the first available opportunity. How can it take this long?? Put more people on it if needed! Grrr
Certainly not a good sign… hopefully there is no more bad news to come!
Disappointed that results have been put back a couple of weeks. Smacks of weak management. Far more complex businesses can report in this timescale.
Shareholders deserve some good news!!
The trading update has no bearing on the dividend, which was cancelled over 4 months back in the interims. Even if they wanted to pay a dividend, the largest share holder is not in favour of it. The update is ok, but not great in my opinion. I would have liked to see net debt reduced by more than 2M over last 6 months. Not much to look forward to, according to the board. Lets just hope that this gets taken over within the next year, so investors can see some return. Blackrock are slowly closing short position so we may see some upside in the mean time.
I can tell you one for a starter, the change in the dividend policy.
That seems a positive update. I keep reading it looking for the nasty detail but there doesn’t appear to be one. Dare we hope the company is on the right track at last?
Huge placing here I suspect
On the charts looking frw to the new products launch and year end i feel a rerate is due
Nice rise will be 50p possibly more soon
With IV buying, what is the reason todays sells?
Well Kempen Capital Management N.V. see an opportunity having taken ten %. Hopefully they are right!
Ss Black rock reduced short yesterday as well
Great entry price, can see this being double in no time
PS Good shareholder base although as circa 50% it can cause a bit of volatility as the stale bulls have been leaving or have left.
Taken a couple of longs having gone through the interims also see GLG reducing shorts ....The fall in the share price is rather over done to put it mildly imho...it made £10M real profit at the interims with valid reasons ...income holders may have sold out as the divi was sensibly canceled two good new non execs with experience of e commerce channels Canada oppening up ...one for the ISA could easily recover to circa 45p after the finals and maybe more ...Nice spot me thinks. Do not worry about ADVFN it is shark infested troll city my friend,,,look at the ADVFN share price they are losing their customer base because they refuse to modify the trolls...the numbers are what is important t the end of the day.....
Dartron - When shorters reduce their exposure it is because they fear the share price will rise.
Our BXP- GDR shares are listed in London beccause the Fundraise was in London. The GDR shares have no voting rights and cannot be traded on the Dhaka Stock Exchange, but have precisely the same dividend rights as the BXP shares traded on the Dhaka Stock Exchange. I understand that BXP's exports are channelled through an export-company with a stake in BXP.
The fact that Bangladesh based investors are happy to pay a good price for BXP shares assures me that there is nothing to fear about the soundness of this progressive Company.
The huge discount when comparing our share price with the price paid for the Dhaka Stock Exchange is for me a strong indication that the share price here will rise substantially as we go forward. I am in it for the long term, very long term.
(Our price 38,50 pence, Dhaka price today Taka 146.20 = 107.6 pence)
Not so very long ago a correspondent on this BB rudely told me off for comparing a good Company (APH) with a 'bad' Company (BXP). Well, the fact is that BXP Shares have held up very nicely, whereas APH shares have fallen by some 30% since my being rudely told off. No more rudeness please!
Get the feeling shorts are covering.
GLG Partners LP 0.64% 20 Oct 2023
GLG Partners LP 0.78% 13 Oct 2023
GLG Partners LP 0.87% 24 Aug 2023
BlackRock Investment Management (UK) Limited 1.49% 10 Oct 2023
BlackRock Investment Management (UK) Limited 1.54% 26 Sep 2023
It does have something to do with Textiles. The pharma company is a subsidiary of the main conglomerate, which is mainly a textiles company.
"Beximco Pharmaceuticals Ltd also known as Beximco Pharma, is a pharmaceutical company in Bangladesh.[2] It is a part of Bangladesh Export Import Company Limited (BEXIMCO).[3]"
According to Morningstar, Beximo (parent company) still owns stakes in it, though it gets a little complicated unravelling it. They have clearly spun it out, and what I was getting at before, was why did they do this, and why list it on London.
Maybe worth doing some digging? What is so great about it, that these shrewd operators got rid of it?
Dartron - I should have mentioned that BXP shares are traded on the Dhaka stock exchange, and the company is based in Dhaka.
Our shares were part of a fundraise here and in the USA, our shares are GDR shares, which have exactly the same Dividend rights as the Ordinary shares traded in Dhaka, but the GDR shares cannot be traded on the Dhaka stock exchange.
Dartron - i think you have been looking at a different Beximco.
BXP- Beximco Pharmaceuticals has nothing to do with Textiles.
BXP is a pharmaceutical company, producing medicines, generic and non-generic.
Hope so, became a shareholder today.
I think this could be a good entry point will wait a few days and see if it’s stable.
BEXIMCO operates one of the largest integrated textile production businesses in Asia. Its main manufacturing base is the BEXIMCO Industrial Park in Gazipur, Bangladesh. Beximco Pharma, the group's pharmaceutical producer, was the first Bangladeshi company to be listed on the London Stock Exchange.
Why did they list in London and not the Dhaka? Seem to be owned by a parent company, why list at all. I am sometimes a little sceptical of these set ups. Why exactly does it need a London listing?