RE: Compare7 Nov 2023 11:00
Dartron - When shorters reduce their exposure it is because they fear the share price will rise.
Our BXP- GDR shares are listed in London beccause the Fundraise was in London. The GDR shares have no voting rights and cannot be traded on the Dhaka Stock Exchange, but have precisely the same dividend rights as the BXP shares traded on the Dhaka Stock Exchange. I understand that BXP's exports are channelled through an export-company with a stake in BXP.
The fact that Bangladesh based investors are happy to pay a good price for BXP shares assures me that there is nothing to fear about the soundness of this progressive Company.
The huge discount when comparing our share price with the price paid for the Dhaka Stock Exchange is for me a strong indication that the share price here will rise substantially as we go forward. I am in it for the long term, very long term.
(Our price 38,50 pence, Dhaka price today Taka 146.20 = 107.6 pence)
Not so very long ago a correspondent on this BB rudely told me off for comparing a good Company (APH) with a 'bad' Company (BXP). Well, the fact is that BXP Shares have held up very nicely, whereas APH shares have fallen by some 30% since my being rudely told off. No more rudeness please!