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Yes, uk price around 52% at the moment. Recently tended to be nearer 60% which would be around 82p.
BXP's share price on the Dhaka stock exchange is running pretty steady and stands today at Taka 153.20,
whaich translates into 135 pence GBP. The price-gap between Dhaka and here is currently ridiculously
wide. Narrowing the gap has to be on the cards, sooner or later.
The sp in Dhaka is hardly shooting the lights out, but we are at a steep (though not crazy) discount
The sp here has traded all the way down to 30-35p in fairly recent times, ....but then the Dkhaka sp was much lower (as were profits)
A fast growing pharmaceutical Company on a PE-Ratio below 10! Surely that is cheap.
Shareholders on the Dhaka stock exchange apear to like the BXP shares, pay much more
per share. Difference is our shares here have no voting rights, that's all. Same dividend
rights though - I like that!
bought 5k more at a fraction over 80p...but sense another downshift
tp c70p to really load up
yes...tho dhaka sp still in downwards trend (as is wider Bangladesh peer group)
the dhaka sp seems pretty cheap given prospects....
adding here looks v attractive
Trading at almost bang on 60% of the parent price now; seems about right.
so bought back 12k over past few days
still pretty much a free ride, mind (& sp in Dhaka still depressed, so may get opp to buy more lower)
yep...can see this retesting at least 75p...perhaps lower this time
The shares can today be bought for just below 90p. That IMHO is excellent value. I topped up. Useful dividends from a
growing pharmaclleutical companay operating in recession-safe territory. I can not think of better value.
Cheers!
Very solid but a bit of a mixed bag ?
Net revenue increased 21.7%
Profit after tax decreased 27.2%
Parent share price being subjected to domestic market sentiment and is now at 160 ish BDT from the high of 225 ish last November.
That price is around £1.40 and means the GDR is now trading at an unusually high equivalence of over 70%. I wonder if it will last.
Yes, indeed. Incredible scenes (for BXP). Volume high and perhaps this is someone exiting a large position ?
Big price fluctuations here today. We gone from 90p to 103 in 1/2hr on no news… You would have thought that the good results last week would’ve ‘under-pinned’ the price but it’s actually down! Probably a reflection of the wider market…
Celebrity shareholder Simon Cawlkwell said this on his blog yesterday:-
‘This morning’s half year results for Beximco Pharma (BXP) were sparkling – up 40%. There is no sign of the non-stop pace of achievement here. Still a buy at 110p.‘
Outstanding Results! Wow!
Continuing growth great to see; net sales increased 17.8% and profit after tax up over 40%.
Slightly disappointing export numbers which they attribute to Covid but there is a statement these should return in the second half. With the new export markets mentioned and new drugs launched things should get even better in the second half !
It will be interesting to see what the domestic market makes of the figures when they reopen on Sunday.
The domestic share price seems to be hovering just under 200 Taka. Due to a slight move in the exchange rate this is now around £1.73. This puts our price at around 58% which I think is about right given historical discount levels.
Lets see what happens after the results.
I think so.
Is it results week this week?
A discount is a discount.What matters is the prospects and profits.Who in their right mind could say this not vale with the growth this company keeps producing? A company in the right area,in the right place,with the right worforce,with the right expertise,with the right strategy,and all on a very low price to earnings,and huge growth.Anybody got a share as good as this?
over past year, discount has widened to 50%+ at times (dhaka sp at Thaka 240)
now dhaka sp is 20% down on that (and thaka has depreciated against sterling)
also look at a non voting like DWHA.l to see that discounts for non voting can widen, widen and widen lol
If results are ok then the parent share price should stay steady; your 80p target therefore puts the GDR at over 50% discount.
Aren’t historical discounts nearer to 40% ? That would suggest a price about where we are now.