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I really like the management here...a great track record....The market is not pricing in the skilled and very clever workforce that work in the company....the technology that underpins their unique position in a low wage economy....everything about this company is positive.....this year they held there own when many floundered ....PE of 6.5 totally and utterly underates this company.....
I do n't quite share your optimism, I mean your optimism about UK. Not so may weeks ago we were sinking rapidly.
Thankfully things have improved since then. I share you optimism about Bangladesh though, - a country in the making!
anything is possible, but almost certainly not in my children/grandchildren's lifetimes
If we don't pull our socks up, then our own country could be viewed as a 'basketcase' some day.
if you read my reply to beza, you'd see I'm excited/amazed by Bangladesh
It was a byword for basketcase in my pro days
I sort of specialise on non voting
Jolly - If you feel uncomfortable about Bangladesh, if you do not trust management of BXP, if you don't feel happy
about the shares here having no voting rights, then would it not be wise to look elsewhere for you investments.
As for voting rights - I never vote, never anyehwere, and to be honest I do not think many private investors do ever
do cast their vote, anywhere.
Cheers.
I've been in here for most of ten years
The challenge is timing when to max out and when to sell most...this isn't a long n strong type of share of course...
L like the story (jewel in Bangladesh; Bangladesh a remarkable success; further integration with Indian economy & generics powerhouse), and looking forward to opportunity to fill my boots
Jolly, I thought that you bought into BXP a couple of months ago at about 85p. Have you lost faith and sold out or do you still like BXP and you are you hoping to add to your holding?
sp up 4* lol
obviously sensible that voting is valuable...we cannot block some dodgy deal that leaves GDRs disadvantaged
if (like me) you'd worked in emerging markets, you'd understand there are serious risks
tp 47p
Earning per share (EPS) up by 150% in 10 years (since 2012).
This is exceptionally cheap on a pe of 6.5....this is a growth company usually,just look at the history they increase turnover and profits every year...fantastic record of growth...fantastic management....fantastic dividend payer......Famous investor Simon Cawkwell a.k.a Evel Knieval is a very big fan of this stock....when he does a press release this goes up a lot due to having a big following.....Great growth share that has held its own this year when many have suffered....next year should be a big improvement.....very happy to hold....a bargain
TP 90P
Emerging markets - emerging economies.
Developed markets - faltering economies.
BXP share prices in Dhaka, translated : 120p, nearly double the share price here, dividens per share
the same, but the shares here have no voting rights....what a shame!
have no voting rights...what a big miss
not done much business in emerging markets, I guess lol
sp in dhaka down 10%...and dwindling towards that 120/130 range (p/e c 10)
suspect we'll follow suit
tp 47p
Mention of 'Country Risk', pehaps UK's Risk is higher. Wages here are eye-watering high compared to
Bangladelsh. We may end up a sinking country, Bangladesh is a rising country - competing with the
West on humble wages.
not a classic pharma like gsk...bxp produces generics
also material country risk
it's all about growth imv
the q on div yield is though intriguing (not so significant for dwha)...yes, perhaps that would make much lower than 45-50p v difficult ceteris paribus
The share price is already remarkably low, to expect much lower is living in dreamland.
A pharmaceutical company with its share price here on a PE- Ratio in single figures,
paying Dividends at 5%+! That's what I call: 'bargain basement cheap'.
Jolly, if this drops to the high 30’s (as you’re predicting) it would be yielding about 9 %! Do you think this could happen here?
I get the same dividend so a PE of 6.5....this discount is far too big......a growth company for many years.....fantastic management...in a sector that will continue to grow.....fantastic bargain....
the naive p/e is a complete red herring
the GDRs are second class and merit a discount....the market accords a heavy 50%+ atm (and that's not mad v recent experience DWHT/A)
The real ords in Dhaka trade on 160/c12-13 (a pe of low teens)
The track record for increasing turnover and profit is amazing....this should never be on a PE of 6.5.....The management is second to none....in a growth area.....This should be worth at least 150p.....the patient will collect divdends and capital appreciation......great share..
yes...the loss to minority interests is telling
and yes, I'd love this to dwindle...at least sub 50p
the last 10-15 years suggests the sp dwindles over months/years and then doubles/triples in a blink of the eye
I would say- Its not yet clear why mngt was so keen to buy Sanofi / Sanovia. It has pushed up interest costs on the debt used.
Ha doing your best to push it down. Q1 looked decent to me given the macro backdrop. Maybe mngt comments are referring to a further drop-off in Q2.
interesting to see sp in dhaka over w/e and week
I wouldn't be surprised to see sp there dwindle close to p/e of 10 (c 120 taka/£1)
if we assume a 60% discount given lacklustre performance==>tp 40p-
37p would offer a once in a generation opportunity to load up for ride to the stars imv