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Why should Bangladesh struggle with FX convertibility? The Taka is holding up well against the Pound’s recent rise, indeed better than the U.S Dollar. Come on Jolly, we know you are hoping for the share price to fall to fill your boots on the cheap, but you can not argue that BXP is less than an excellent progressive Company in a country that is currently more progressive than strike-ridden UK.
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.
What it amounts to is that people prefer to deal through established conventional estate agents, paying somewhat more for safe guidance and long experience.
Just now read today’s RNS at HOME REIT, sounds awful, only 23% of rents collected, much of the properties in need of expensive repair, worrying to say the least. Could SOHO come to suffer some of those risks?
I am not a shareholder, but held shares in another REIT, which I sold a few days ago after hearing about Home REIT. I have just now read today’s RNS here. Sounds awful, sounds like the Company is in Deep Sh.., Deep Manure!
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Indeed, and why not make mention of the interest rate to be paid, the latter being very important!
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.
Today's trading update does not look bad to me, in fact fairly solid performance.
Lessee My Space Housing (7.9% of rent roll) cannot pay the rent. Now joined by lessee Parasol Homes Ltd (9.65 of rent roll) unable to pay the rent. Combined 17.5% of the rent roll in difficulties. Will more follow? Picture does not look good to me.
Sitting tentants cannot be moved out, what is the value of properties where rents cannot be paid/collected.
In my VIew the entire property portfolia needs to be devalued, to take account of reduced rental income due to the rents being too high for future easy collection.
Tell us which share you are selling next....
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.
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.
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.
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?