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”
Have you any thoughts on re-entering Beximco.It is 33p
I acutally already did – believe I tweeted it – though you are getting a better price than me!
I reentered higher. Not adding until I have more clarity of what the impact of Corona on Bangladesh will be…
Any views on Beximco statement on monday on the current state of things?
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.