Beximco Pharma Discussion Threads

[davydoo] 31/7/2014 15:55

Having sold my dividend shares, when I saw the price this morning I was going to buy them back lower with the dividend cash. Will have to wait and see when I get paid now.

[237gmoney] 31/7/2014 15:38

Thanks Davy.

Crazy what is happening to the price here. Five sell trades before 1pm and the price gets knocked off 10% then five fairly large buys after lunch time.

Price was clearly marked down to fill a large order but why? Price has stayed firm over in Dhaka recently and the results in H1 looked pretty good to me yet the price in the UK still goes lower

[davydoo] 31/7/2014 15:18

I had a slightly different response, although timescales will likely be same

'...the payment date for this dividend was 29 July, however, this is the date the company pay the dividend to us.


As we receive a bulk payment for all of our clients we need to reconcile the payment, to ensure they've sent the correct amount, before paying your allocation to you. This reconciliation process can take up to 6 working days to complete...


In light of this I confirm you can expect to receive the dividend by Wednesday 6 August at the latest.

[237gmoney] 31/7/2014 11:35

I called my broker again this morning and still no cash dividend.

He then investigated and emailed back. Part of his response;

"Thank you for your call dated 31 July 2014.

I can confirm that the payment date for BEXIMCO PHARMA (BXP) was 29 July 2014. As this is a foreign dividend we typically do not receive payment for up to 10 working days after the due date, and on the odd occasion longer. When the cash is received, we aim to have the payment made to all customers due the dividend within 24 hours of receipt. Please accept my apologies for any inconvenience."

Dividends from foreign countries are good opportunities for brokers to 'take their cut' for changing up the monies. I expect the exchanges rates used to change up the money will not be the best available and the broker likes to keep the money 'warm' in their accounts for a while before they can get round to passing it onto who ever it belongs to.

Unfortunately we will never be able to change this so we just have to live with it.

[blobby] 31/7/2014 09:31

Cash received in youinvest.co.uk (sippdeal). I received USD 0.01088 for each share which was then converted to GBP at a rate of 0.588402 . I think I ended up with a yield of 4.4% which is a little less that I was expecting which was about 5%.

[sharpish] 30/7/2014 11:49

Has anyone received their cash payment yet?

[shano2] 25/7/2014 15:33

Thanks for the replies - hv contacted interctive investor

[davydoo] 25/7/2014 12:24

I had my shares a while back and also sold them.

Still awaiting the cash, phoned my broker this morning, they're 'looking into it' and will let me know

[237gmoney] 25/7/2014 12:09

Really? I would send iii a secure message. You should of had your shares by now. As the share divi was only 5% this time I sold mine staright away.

[shano2] 25/7/2014 11:52

You're lucky, I haven't received anything with iii. Not even a notification.

[237gmoney] 25/7/2014 11:48

Results were good here I thought. Only the strength of the pound has meant the results look worse in sterling vs last year.

Sales into a few more European countries as well.

Still haven't got the cash part opf the dividend payment. Next week now I guess.

[237gmoney] 18/7/2014 12:40

I spoke to my broker. Cash dividend has been credited to their account but in Taka so they have to change this to Sterling and then distribute out. Most likely next week.

[2350220] 18/7/2014 11:37

Same for me, in my Hargreaves Lansdown acct.

[blobby] 15/7/2014 16:45

shares just received in iDealing.

[237gmoney] 15/7/2014 12:42

Just to let you know I have been credited with the Stock part of my dividend today. I trade with iii or Halifax share dealing services. I expect the cash part to be paid in the next few days.

[2350220] 14/7/2014 20:08

Thanks for posting 237gmoney.

John

[237gmoney] 14/7/2014 16:30

RNS out this afternoon. Here is the cash part of our Dividend. Perhaps the stock part will hit the account later this week or early next week.

RNS Number : 2700M

Beximco Pharmaceuticals Ltd

14 July 2014

14(th) July, 2014

BEXIMCO PHARMACEUTICALS LTD.

Payment of Cash Dividend

Beximco Pharmaceuticals Limited ("BPL" or "Company"; AIM Symbol: BXP) announces that the cash dividend of 10% of the nominal value per ordinary share/GDR, i.e. taka 1 per ordinary share/GDR, for the year 2013, approved by its shareholders in the 38(th) Annual General Meeting of the Company held on 21 June, 2014, has been deposited with the custodian bank in Dhaka for onward credit to respective GDR holders' accounts.

For further information please visit www.beximco-pharma.com or enquire to:

Beximco Pharma

Nazmul Hassan MP, Managing Director

Tel: [phone], ext.20080

Daniel Stewart & Company (NOMAD and Broker)

Emma Earl

Paul Shackleton

Tel: [phone]

FTI Consulting

[2350220] 14/7/2014 13:53

I checked my Hargreave's SIPP and I haven't received anything either.
Usually they send a secure message too, to tell of 'corporate action', and I haven't received any notification of this either.

John

[237gmoney] 14/7/2014 12:55

Still no dividend yet. stock was up 6% in Dhaka today to 44.3 BDT.

Around 33p in todays money. Yet the stock still trades at 14.5p

[davydoo] 09/7/2014 10:00

I haven't got mine from Barclays Stockbrokers yet.

[237gmoney] 08/7/2014 14:23

Has anyone had their dividend yet? Shares were supposed to start trading yesterday but I have yet to get my lot....Good news about the new licence. Bodes well for the rest of the year.

[237gmoney] 27/6/2014 16:31

400000 trade @ 14.125p Just marking this for future reference. Price and trades picking up in Dhaka yet no response here. Still watching from the sidelines.

[237gmoney] 10/6/2014 11:13

Good news for all Beximco Shareholders

hxxp://www.thedailystar.net/cheers-for-local-manufacturers-27359

Cheers for local manufacturers

Pharma companies, steelmakers get import duty cuts for raw materials

Gazi Towhid Ahmed

The budget has brought good news to local manufacturers of medicines, steel and fabrics as the government cut duties on raw materials imports.
Finance Minister AMA Muhith has proposed to reduce customs duties on 40 basic raw materials-used in the manufacture of medicines-to a 5 percent concessionary rate from the existing 10-25 percent.
"The move will boost growth of the pharma sector," said Salman F Rahman, president of Bangladesh Association of Pharmaceutical Industries.
The move will make substantial cuts in prices of locally manufactured medicines, said Rahman, also vice president of Beximco Group.
Customs duties on 14 items used in anti-cancer medicines have been withdrawn, with other existing concessionary rates applicable to the sector remaining unchanged.
Anti-cancer medicine producers and cancer patients will benefit from the measure, said Mohammad Ebadul Karim, managing director of Beacon Pharmaceuticals, a listed company.

The association demanded waiver of duties on 49 items used in producing anti-cancer medicines, Karim said.
Beacon Pharmaceuticals is the market leader with 31 percent of the country's anti-cancer drug market, followed by Roche Bangladesh, the local arm of the Swiss healthcare company, at 24 percent.

[237gmoney] 04/6/2014 09:12

360k share sell yesterday so it seems the seller has still yet to finish here.

Price now 38 bdt in Dhaka. AGM this month to agree new stock divi amoung other bits. Hopefully get paid the divi in late July or early August.

[237gmoney] 23/5/2014 11:17

hxxp://khabarsouthasia.com/en_GB/articles/apwi/articles/features/2014/05/20/feature-01