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Sales well up, but profits down (global cost headwinds). Outlook remains excellent. Share price on the Dhaka stock exchange down just 0.34% (hardly changed) at Taka 146.20 , which translates into 111.1 pence, which is well more than twice the price of our non-voting shares (with precisely the same protected Dividend rights),
Certainly a long term hold for me.
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....
Hi, can someone please confirm if there is any withholding tax on dividend payments?
I don't get any certificate with the dividend but it looks like there is 20%+ deduction for withholding tax
I am not an accountant, but I would say there is no Tax is to be paid here after the witholding Tax over there.
surely yes you pay wht (unless you have some weird tax status)
results pretty shocking
tp 33p
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 .....
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?
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.
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 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.
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
I have been in this over 10 years......this is the biggest discount ever.....it will close.....record of this company second to none.....
not ever
That's false
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.
I'll buy back on decent volume at these levels
I need to be confident sentiment has changed decisively
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.
Does anybody have a NAV figure for BXP? Thanks in advance.
Beza - Look this up on the Comapany's website under 'investor relations'. At a quick glance I make it around £500 million.
So just over double the current share price?!?! Thanks Winnings.
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.
Somewhere in the region of 67p per share then. Still looks good at todays price.
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!