focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Your Dividend will come, no worry.
I see Jolly is back, in his normal Unjolly mood. Needs anti-depressant medicine any more now.
Cheers to all who are about to receive a nice bitty Dividend.
#bargepole lol
The company advised on 19 /1/23 that the cash dividend for the year ended 30 June 2022 had been deposited with the custodian bank in Dhaka on 18 January 2023 for onward credit to respective GDR holders' accounts. Is anybody else concerned that this dividend has not yet reached GDR holders 4 weeks later? I have been told that the "payable date for the dividend has not yet been fixed due to the low liquidity ratio for the conversion of the local currency BDT into USD".
There are plenty Companies making large profit with not a great deal in the way of Net Assets.
But it i always nice to know that assets substantially exceed debts, in the case of BXP by 67p a share!
Somewhere in the region of 67p per share then. Still looks good at todays price.
Beza - Not quite. I checked again, looks more like £300 million. If you look up the Half Year Results in the RNS, there at the end it mentions Net Asset Per Share, which, when multiplied with the sharess, translates into about £300 million.
So just over double the current share price?!?! Thanks Winnings.
Beza - Look this up on the Comapany's website under 'investor relations'. At a quick glance I make it around £500 million.
Does anybody have a NAV figure for BXP? Thanks in advance.
Jolly - I don't blame you for being cautious, but it is difficult to not see the shares being jolly cheap at current low price.
More than two for the price of one as Pedro says. I am at my self imposed limit for a single stock, otherwise I would be buying a good deal more.
I'll buy back on decent volume at these levels
I need to be confident sentiment has changed decisively
Jolly - You are living in a state of denial. Why not accept that BXP is an excellent Company, growing at pace, gaining international recognition, paying decent dividends - with a conservative share price on the Dhaka stock exchange, with our non-voting shares here (WITH PROTECTED FULL DIVIDEND RIGHTS) at less than half price of the voring shares in Dhaka.
Can you not see that the shares here are a steal at current ridiculously low price?
Come on, get out of your rut, get your wallet out and BUY before the price takes a trip north.
not ever
That's false
I have been in this over 10 years......this is the biggest discount ever.....it will close.....record of this company second to none.....
yes, I enjoy these weird shares (like DWHA) which offer a wild illiquid ride
The discount to the ords varies massively (has gone higher than 90%!), and over the past 15-20 years there have been clear bull and bear phases
I wonder what will change this bear? Perhaps dividend yield
The way this Country is going, we'll financially default long before Bangladelsh where labour is cheap, where workforces don't go on strike, and where folks (and Government) don't borrow to excess. They are up and coming, we are heading the opposite way.
Bxp has a track record second to none....Shares are backed by actual shares deposited in account......dividend the same as investors in bangladeshi shares.....you say country default but in the highly unlikely circumstances of that the business would go on.....I think investors do not understand that the shares are backed by real shares that are worth more than twice the price we pay.....a no brainer for value....
The point Jolly is making is that this basis between GDRs and DSE does not mean that equity in DSE is mispriced, it just means that there are not enough £ investors willing to buy the GDRs. Reasons for the basis include: ccy exposure; emerging market risk eg ccy devaluation, country default; geopolitical risk; gdr liquidity. And that basis may never resolve.
Jolly - Nice to see you back in your normal unjolly way. Tell me, why to you think investors based in Bangladesh are happy to pay more than twice what we pay for our non-voting shares with protected same Dividend rithts. Are you sure they want to pay more than twice as much so that they can occasionally cast their vote (which very few do anyway, leaving that role to Institutional Investors). Do you really think folks in Bangladesh are stupid with their hard earned cash?
Results show the growth story in tact....massive increase in revenue....only tempered by inflationary forces ,which will be reversed by price increases of product over a falling inflationary situation......perfect time to get in with huge discount to bangladeshi price......everything looking positive for a big uplift .....
surely yes you pay wht (unless you have some weird tax status)
results pretty shocking
tp 33p
I am not an accountant, but I would say there is no Tax is to be paid here after the witholding Tax over there.
I don't get any certificate with the dividend but it looks like there is 20%+ deduction for withholding tax
Hi, can someone please confirm if there is any withholding tax on dividend payments?
Global cost headwinds are transitory.....the growth story is long term and has many years to run......the pie is getting bigger and margins will be restored as inflation is tamed....my guess is margins will be bigger than before.....price increases into a lower inflation environment.....much to look forward to....