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Stomo12 - Good on you! I share your view/s on dividends for both stocks. I trust you appreciate the fact that the GDR shares of BXP are entitled tp precisely the same dividends as the ordinary shares of BXP, thus at current low price the GDR shares deliver double the dividend of the ordinary shares - rather nice that one. I daresay the price-gap will narrow.
Re my last message and my suggestion to have a look at Beximco Pharmaceuticals (BXP), does anyone here
own BXP-shares, and if so what is his/her/ their view on BXP? Currently BXP's share price on the Dhaka stock
exchange is rising quite steeply, whereas the BXP's GDR-shares here are yet to catch up. Looks like an opportunity...
APH is going along nicely, but fair value has probably now been reached?
Closing price in Dhaka today, firmly up, to: Taka 200.3. Translated to GBP: 171.6p
The day of closing the gap between the price of our GDRs and the price of ordinary
shares in Bangladesh can not be eternally away. Our GDRs which cannot be traded
in Bangladesh and carry no voting rights, do however carry precisely the same
rights to Dividends as the ordinary shares in Bangladesh.
Wakey, wakey...
BXP's share price in Dhaka today up 1.45% to Taka 196.6 (at this moment) It is cleare to me from the frequent rises off late in Dhaka (as reported by me) that the Bangladesh-based investors see the future bright for Beximco. I wholly agree.
BXP's Share price in Dhaka up 1.45% today (at this moment). It is clear to me from the frequent rises off late in Dhaka (as reported by me) that investors in Bangladesh see the future bright for Beximco. I wholly agree.
I am not particularly worried about the market cap differentials, I am happy at having the same dividend rights on my currently 50% discounted GDR shares here as the Bangladesh shareholders have on their Dhaka exchange traded shares at full price. The huge discount is unwarranted and won't last forever - a buy-opportunity if ever there was, IMO. But as always don't take my word for it, DYOR or speak to your adviser.
Dhaka price today is up 2.1% to 198.8 Taka which translates into 160.9p.
The discount here is now massive and wholly unjustified IMO.
A correction is bound to happen, sooner or later.
I have topped up once more, making BXP my largest holding by a stretch.
The end of Lockdown, the accumulated savings, the freedom to shop - three good reasons for Shie Zone to expect
sales to improve quite substantially. Did the directors not buy large chunks of shares just after end of lockdown?
I am sure the directors are best p;laced to visualize/see the direction of the shopping trend.
Usually the discount to the Dhaka share price is in the region of 30%-35%, currently the discount is
precisely 50% (at this moment in time) . Neither of the large discounts is justified IMO, but are
happily accepted by me as I now have built up a cheap stake in BXP. Should just the 50% discount
revert to say 35%, then the share price (here will lift to 101.4p, that makes the shares (PDGs) look a
screaming buy on that account alone! What's even more assuring is the fact that BXP is a well run
Company making nice profits at an accellerating rate. But as always, do not take my word for it,
DYOR or take independent advice.
Good luck to all.
There is no good reason for the large discount. The GDR shares are entitled to the same
dividend as the ordinary shares. So as the company grows and as the annual dividend grows,
GDR holders will enjoy the same growing annual rewards but on a lower investment per
share. No voting rights for GDR holders though, but I never vote anyway, so what's the
problem. GDR' s cannot, however, be traded on the Dhaka stock exchange, which
explains the discount in part - in part only!
Further to my last message, for anyone who may be interested, the share price at Beximco (BXP) looks
now in serious barain-basement territory. Low price (77p) unlikely to last for long, future simply too
bright there, IMHO.
Meantime, APH's share price is creeping up nicely. Steady as she goes.
Share price in Dhaka up today, here down 7.5%, makes no sence. No RNS or other news as far
as I know. Looks a buying opportunity to me. therefore I bought some more today. Pretty
sure the share price will rise again, almost certainly to 90p+ this year, could be much more
when vaccine roll-out takes off.
Today BXP's Dhaka share price up 1.05% toTaka 183.10 (at his minute) which translates into GBP £1.56
iI topped up at 82p. or put in another way - at a discount of 47% on the share price on the
Dhaka stock exchange. Feels okay to me!