Exited Beximco $BXP -4% Bangladesh listing falling fast

EDIT 16/2/2020 – I reentered as the underlying bounced back.  I posted this on twitter – follow me there.

I have exited this – the Bangladeshi listing has fallen. It was c80p a share when I bought in – it is now 55p -31% and the UK listing is down c4%.  I have therefore exited.

There are rumours this is due to an accounting issue – I doubt this, the company pays good dividends and has been in operation a long time.

But I cant ignore the risk so for now I am staying out until the discount opens up again.

I will watch and wait.

5 thoughts on “Exited Beximco $BXP -4% Bangladesh listing falling fast”

  1. Not particularly, I bucket it as normal events in the current world. Remdesivir isnt any good as a treatment probably…

    Have enough shares so will wait. Todays close very strong.

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