The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Most likely wouldn’t be the best outcome for shareholders but at least it would be a swift bullet to the head and we can all move on with our lives with a few extra quid haha
GP that is my worry tbh.
We could be bought by the Chinese in an instant.
Just do it!! 🇨🇳
China has been eyeing up Bangladesh for a number of years. The Chinese economy is running into problems as its cost base is getting higher, particularly for labour. They are considering moving production to cheaper cost base economies, especially for industries that cannot be automated. In order for this production to be efficiently transferred they need Bangladesh to have a more reliable energy source. If they help Bangladesh secure more reliable energy supplies it will be mutually beneficial to both countries. This need for a lower cost base is a world wide phenomenon, for example Young's seafood finds it cost effective to send Wild caught prawns to Thailand for de-shelling then bring them back for distribution into Britain/Europe. I think that by 2040, or so, Bangladesh will have a thriving economy, especially if the energy and corruption problems can be reigned in. Although this will mean that China will potentially have Bangladesh over a barrel which is why they need a modern government system where corruption is substantially reduced to a much lower level All IMHO!
Short term traders flushed. placing stock at 6.5p flushed
Now the reset has happened we should kick on higher
Any sniff of an agreed deal and it'll be 20p+
Not meeting targets set by the IMF isn’t something to be proud off, and hence why they need a bail out!
Poorly run country by the government in charge and corruption is rife!
China have been providing Bangladesh with millions and billions of pounds of loans at extortionate rates for many years now sinking Bangladesh into more debt so it’s nothing new.
Nice call Wos. Good to make it an UP day
Cheers mate
It went from pretty nailed on now to a guaranteed GL. Have the Chinese agreed? They usually do as it gives control. Control for what? 😙😁🥳
They will have to import coal for the next 2 to 3 years, even with GL.👍👍
BOOOOOOOM!
Up over +7.00% on Google finance with Buys coming back in. Think lot of sideline traders maybe understanding implications of Intel.
Let us see but VERY positive development with Prime Minister hands to Chinese in middle of worsening FX catastrophe.
We'll make the loan if you sign off on some large infrastructure projects with Chinese companies...........
Leverage enough for GL?????
Lets hope they dont just blow the lot on imported coal lol!
Great find Owl. As was mentioned a while back, even giving Phulbari approval would not help Bangla out with their current FX issue, looks like this news sorts that out. 👍👍
I think we can. GL
Last orders at 6p. About to pop higher
Thats a really good find wise owl! very significant
If theres only buyers then why is the price not gone up - the massive volume recently and lack of upward movement in sp would indicate there are indeed sellers offloading and filling all these buy orders
News TODAY!
"Bangladesh to seek over 36Bn yuan in Chinese loans - Bangladesh will seek a loan of more than 36 BILLION yuan, equivalent to 5 Billion dollars, from China to reduce pressure on its dollar reserves."
"Sources in the Ministry of Finance and Commerce said the Prime Minister's Office has already given the approval"
Re: IMF Meeting - "Foreign reserve could not be maintained. To get the third tranche of the loan the IMF had a condition to preserve net reserves of $19.26Bn at end of March and $20.1Bn by the end of June. Currently the net reserve of Bangladesh is about $15Bn"
Source: BBC Bangla (bbc.com/Bengali/articles/cp0gpg53d8jo)
Bangladesh in serious trouble - running to China for help - Conditions / Way out will need to be presented!
Phulbari - GO!
There's not an over hang. The offer is thin as you like. Clearly there's no sellers here only buyers recently
You’d think they would push the approval through knowing it 2 years to coal production. China power being involved may reduce that time frame but the green light must be nearing
Overhang still being played out. Not sure how long this will take. Only a good rns will drive this forward. We wait in anticipation.
….. going back up now. 😉
Just tried to sell 500k shares in one go and its well bid. Looks like market taking a stance here and cleaning up all the remaining loose stock. Would expect to see some upside from here. Delayed buys to print soon