Beximco Pharma Discussion Threads

[winnings1] 08/9/2021 10:02

The share price in Dhake has gone up and up. Today's closing price
is at Taka 215.9(up 2.2% today) which translates into GBP 184.3 pence.
The massive gap shouts OPPORTUNITY.

[mfhmfh] 08/9/2021 08:32

From Evil Knievil:

'By way of idle enquiry yesterday afternoon during the Test, I checked the price of Beximco Pharma (BXP) in Dhaka. Astonishingly it is now 175p as against a London price of 87p. This is barmy and, since BXP is going gangbusters and will continue to do so, it is time to climb aboard after the rush up here a few months ago.'

[winnings1] 07/9/2021 15:33

Cityfarmer - you are not alone in your enthusiasm for BXP, I have been topping up several times over the past few months, as a result BXP is now the largest single holding in my portfolio. I plan to hold long terg, very long term.

[cityfarmer] 07/9/2021 09:34

Instead of a cold shower I had a warm bath while in the bath I reviewed the compelling case again on BXP. That resulted in me getting out of the bath and buying even more !!!!!!!!!!!!!! I have now locked myself in a dark room until this obsession passes.

[cityfarmer] 07/9/2021 08:20

Good volume so far this morning expect a bit of a tick up soon. EK has tipped them again same reason we have all been saying ie massive discount to Dhaka, company is trading well (profits, divi, growth etc etc). I have added again but need to try and calm myself down as am in very heavily now but not often you get a chance like this.... I suspect the real move will be when then start getting OXAZ vaccine deliveries again from India which cant be far away but story just gets better and better.. Right now off for a cold shower before I an tempted to buy even more.....

[winnings1] 06/9/2021 08:43

BXP-Investors in Bangladesh seem happy about it. Share price right
now lup 2% to Taka 210, whach translates into GBP 178 pence which makes
our share here look rather cheap, indeed very cheap.

[outsizeclothes.com] 03/9/2021 20:22

Lord but it takes some time for the bureaucracy to get completed.
January to now just to get FX bank clearance for Sanofi.
And that for Bangladeshi business !!!

[mfhmfh] 03/9/2021 16:25

positive RNS today. core business continuing to be built up.

vaccines are a bonus.

All IMHO.

[leopoldalcox] 27/8/2021 12:05

Exactly. This is a cheap, high growth company without the vaccine story. It's a distraction and obscures true story developing here

[microscope] 26/8/2021 10:51

In a way this whole vaccine distribution story has been a distraction, if people focus on the rest of the business I think they'll see a company at a price well worth investing in and also with attractive shareholder benefits.

[outsizeclothes.com] 26/8/2021 10:20

Yes, looks like no damage done shareprice wise.
Good :-)

[winnings1] 26/8/2021 09:32

Indeed, share price in Dhaka not down but up 0.2 percent today.

[microscope] 26/8/2021 07:14

Hopefully it's already pretty much factored in to the price. I think people have been accepting 2022 is likely for a while now.

[winnings1] 25/8/2021 21:35

Looks to me that the statement by BXP holds open the possibility of vaccine supply before the end of this year, thereby gently rebutting press speculation of a longer wait.

[outsizeclothes.com] 25/8/2021 20:22

The after hours release on "media comment" won't help the shareprice tomorrow, though we only might see a small pullback.
It'll depend on what the reaction is in Dhaka.
It will be a pity if we can't get Indian-made vaccines until 2022 though, not only for BXP, but the whole Bangladeshi population.
At only 4.2% fully vaccinated, and 10% with one shot, they are far away from even India [ 9.7% full & 33% one jab. ]
The danger always being, for BXP, that other vaccines come in from different sources, and use a different distribution channel or separate Govt. partner.

[winnings1] 25/8/2021 13:17

I reckon someone pretty sharp in Bangladesh is quietly mopping up shares here without putting upward pressure on the share price.

[outsizeclothes.com] 25/8/2021 10:32

Is that a 400k Buy ?
If it is, it explains the 88k sell from earlier being easily mopped up, but why has it not moved the London price north ?

[cb7] 25/8/2021 07:40

Rival companies and also institutions may be dissuaded by the fact that the shares are non voting.

[winnings1] 25/8/2021 07:37

Outsize - Very wise comments, although I am not aware of a Bangladesh-Government ban on BXP buying up the GDR-shares, it is more the fact that the GDRs cannot be traded on the Dhaka stock exchange thst causes the price-differential,the latter recently having become ridiculously wide.
BXP's share price in Dhaka again up today by 2.5% to Taka 205.30 = GBP 175.7 pence. Sooner or later private investors in Bangladesh will find their way to our London exchange and buy up the heavily discounted GDRs are great lick. Indeed, as BXP progresses in size and repute to global recognition, our instutional investors will be waking up to make a dive at the cheap GDRs.
One more comment: Should it be the case (which I doubt)that the Bangladesh Government bans BXP from buying up the GDRs, then I see that as a positive. Imagine BXP empowered by Government to pounce and absorb our GDR's at current values - that would be tantamount to theft.

[outsizeclothes.com] 24/8/2021 21:51

Hi again winnings1.
The Govt. in Dhaka has mandated that the Company can't buy back the London listing. This is different to every other company that I know of that has any type of secondary listing "abroad", and imho gives rise to an instant 20% of the discount.
There are only 4 classes of share buyer : - institutions, retail investors, "rival/other" companies, or the Company itself, and Dhaka has killed off the last of these 4, leaving 3.
Institutions, who prefer share buy-backs to dividends, will also be discouraged for the same reason.
So that leaves retail investors [us] or a rival Company as the only methods of eventually selling shares.
Our best hope is for a consistent and rising dividend to bring in "income" retail investors, as, up to now it's been, again imho, growth share investors who have bought in here.

[winnings1] 24/8/2021 14:45

Outsize - If my recollection is correct, there have been periods in the past two years when the differential narrowed to 30-35%. Right now the differential is over 50%.

I understand there are GDRs of other companies trading close to the prevailing share price of those companies, so why not here at BXP? My explanation is that there is a distrust of Bangladesh based companies, the country being looked upon as a backward third worls state. I rather think that our opinion of 'backward countries' needs to change. Quite the opposite is true in the develping parts of this world. The way things are going, we might find our own UK gradally falling behind...slipping into a backward looking state.

Meantime I feel comfortable at receiving full dividends on the currently half-priced GDR-shares. Bangladesh based investors appear to be confident in BXP's bright future, the share price in Dhaka is rising very nicely, up by one or two percent almost daily.

[outsizeclothes.com] 24/8/2021 13:08

Hi winnings,
I honestly can't see us getting to within 25% of Dhaka unless there's at least a rumour of a bid.
Or, and again unlikely in the immediate future, the Bangladeshi Govt. gives way on it's refusal to allow the Company buy back the London shares

[winnings1] 24/8/2021 08:46

BXP's share price in Dhaka up 3.08% today (this minute) to Taka 200.6, which sum translates into GBP 172.2 pence. I reckon someone mart in Bangladesh is mopping up the shares being sold here at less than half that price. Although our Beximco-GDR shares have no voting rights, they qualify for precisely the same dividend as being paid on the ordinary shares in Bangladesh. I can foresaee a day when our GDR-shares rise furiously to get within 10-!5% below the share price in Bangladesh.

[outsizeclothes.com] 23/8/2021 21:05

Good to see that there's enough demand to take out an 88k+ sale at 84p without dropping the price.

[winnings1] 12/8/2021 06:14

Share pric Up 2.9% in Dhaka today to Taka 196.10 (at this moment).
This translates into GBP £1.66