Beximco Pharma Discussion Threads

[malcolmmm] 25/9/2014 23:28

Last trade in Dhaka was 57p converted

[237gmoney] 25/9/2014 11:21

Good point. In an aricle I read today re the index at its highest point currently, they state the reason for the increased demand in stocks is due to interest rates falling from 12-13% where they were to 6-7% where they are now.

With inflation at 7% it pays to invest in the stock market at the moment over there at the moment anyway.

[blobby] 25/9/2014 11:04

237gmoney, we have to take into account that the Dhaka index is based in taka and with inflation the taka is depreciating much more quickly than GBP (7% vs 2%). So just to stay still the quoted price in Dhaka has to be 7% higher this year than last.

[237gmoney] 25/9/2014 10:57

Yes Ross I think we did get two conversion hits and not at favourable rates to us. I raised it with iii but at the end of the day it was arguing over small fry so I left it.

Great to see the price rise here. Just as I thought now the new large holders are on board. Still unsure why the rise has come so sudden in Dhaka though as there is no news of any real progress that I can find other than the rise in exports generally.

The Dhaka index hit its highest level ever today so I expect some profit taking to come at some point but BXP still trades at a big discount to its Bangladesh price.

[lomcovaks] 24/9/2014 23:06

Thank you for that reference blobby, very good of you to direct me there. You've put my mind at rest.
Lom

[blobby] 24/9/2014 21:53

see post 964 above.

[lomcovaks] 24/9/2014 21:28

I had a very prompt response from TD Direct regarding the cash element of the dividend - it was paid to me, but in US Dollars and I hadn't thought to filter my account history to show $ transactions.

I'm perplexed though, reading the AGM statement from BXP it doesn't specify what currency the divi will be paid in.

Would other holders be kind enough to confirm that they received their cash element of the dividend in US Dollars and that isn't a sleight of hand scheme to skin more cash from my account?

Many thanks.

[malcolmmm] 24/9/2014 14:47

These look ready to take off again, am adding

[lomcovaks] 23/9/2014 18:03

I just noticed today that TD Direct hadn't paid either of my cash or GDR dividends this year. Have emailed to ask why but wondered if there are any others here with an account with them? May be worth checking your account history and corp. action notices.

[malcolmmm] 23/9/2014 08:43

Latest rise in Dhaka, apparently we will be about a third of their value but at some point these could rise dramatically

[2350220] 22/9/2014 16:13

Can't believe it. I'm almost at break-even after more than four years of holding these:-)

John

[malcolmmm] 18/9/2014 14:45

rossannan, didn't you lose all your money on Tangiers Pet? had a small punt myself but got out at 13p then 12p, been in these for years but added the other day on a suggestion from EK. I would have thought that BOOM was more your thing.

[gpadfoot] 18/9/2014 12:56

No, Dhaka price = 53p (67.2bdt x 0.79)

[bobdouthwaite] 18/9/2014 11:25

Yes indeed - so thanks for the post yesterday jonals.

[blobby] 18/9/2014 08:45

I find the difference between exchanges very puzzling. Why would an institutional investor with access to world markets invest in Dhaka instead of London. There is clearly scope for someone to arbitrage this. Perhaps there is just not enough stock to make it worthwhile for a hedge fund.

For a small investor this is a brilliant opportunity IMO.

[jonals] 17/9/2014 22:07

share price on dhaka exchange up to 65.6 today on highest volume for a couple of years. That's around 52p. O for fungibility.

[blobby] 05/9/2014 14:00

I think they should offer a choice of cash or stock dividends. These could easily be pitched at a level that would fix the difference between London and Dhaka.