Pretty poor performance this year from me. FTSE AS is up 18%, though the year is not quite over.
Got this idea from Mello stock slam. I quite like it, bought a just under 3% weight at 42.9 earlier in the week.
This is a Bangladeshi Generic Pharma GDR listed on AIM. There is a substantial discount to the listed Bangladeshi co which is trading at the UK equivalent of 74p – a c40% discount to the Bangladeshi company.
There have been lots of fly-by night overseas domiciled companies on AIM. I don’t think this is one of them. Firstly the sector is pharma – highly sensitive and regulated – not the ideal place to operate a scam. Secondly, the company was founded in 1974 – so it has been going quite a while. This is one of the biggest / most liquid companies in Bangladesh.