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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bank Of Georgia Group Plc | BGEO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 40.00 | 0.78% | 5,200.00 | 16:29:57 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5,190.00 | 5,160.00 | 5,320.00 | 5,200.00 | 5,160.00 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 15/3/2024 14:37 by kalai1 Bank of Georgia Group plc posted impressive FY23 prelims this morning continuing the bank’s trajectory of robust and very profitable growth. BGEO had 1.8 million monthly active retail clients as of 31 December 2023 up 10.8% y-o-y, operating income was GEL 657.2m in 4Q23 up 12.4% y-o-y, while in FY23 as a whole, operating income was up 26.4% yoy to GEL 2,530.4m. For FY23, profit was GEL 1,374.7m, up 21.4% y-o-y, while the Bank's Basel III CET1, Tier1, and Total capital ratios stood at 18.2%, 20.0%, and 22.1%, respectively, all comfortably above the minimum requirements of 14.5%, 16.7%, 19.6%, respectively. So more robust top and bottom line growth with a very solid balance sheet in tow. Valuation also remains reasonably attractive for the sector with forward PE ratio at 5.1x top quartile for the Banking Services sector. The share price also has strong positive momentum. BUY......from WealthOracle |
Posted at 24/2/2024 19:33 by popit Halyk Bank is listed on the LSEForecast PE is less than 3 Dividend yield is about 15% Price to Book is about 0.8 Secure Trust Bank Forecast PE is less than 3 Dividend yield is about 7% Price to Book is about 0.4 |
Posted at 20/2/2024 18:48 by flyfisher A new analyst price forecast is in the analyst coverage section on the bgeo website.It is from Cavendish, who assisted with the acquisition. The full broker note is available on research tree and is worth a read. |
Posted at 19/2/2024 07:46 by flyfisher I had looked at the accounts of Ameriabank over the weekend and was expecting that BGEO would have to pay around nav.Accordingly the deal looks very good to me, it should lead to brokers upgrading BGEO eps forecasts to around £10 p/s. P/e of 4 for the combined entity, a good use of excess capital. |
Posted at 16/2/2024 08:33 by flyfisher The potential acquisition looks to be about a fifth the size of BGEO and has about 15% market share in its country. |
Posted at 15/2/2024 14:28 by houseofpain1 Although no details on price etc have been given, this potential Ameriabank deal looks positive. Should be earnings enhancing for BGEO given that Ameriabank's earnings are well in excess of the interest being earned on the surplus capital presumably being used to finance the deal. So should lead to higher earnings and therefore capital returns for BGEO which is still trading on rock bottom multiples. |
Posted at 04/1/2024 17:56 by pj84 Even though the rating has continued to remain low, it has been one of my best investments over the past few years with about 75% of my original investment received in dividends as well as the share price being 4 times higher and I have no intention of selling any time soon.I don't disagree with any of the dividend yields qouted in the shares magazine article but I don't think they are the highest and I can think of many insurance companies that should also feature including Pheonix on a dividend yield of about 10%! |
Posted at 04/1/2024 15:17 by houseofpain1 hxxps://www.sharesmaBank of Georgia has the third highest yield in the FTSE350 with dividend cover of 4.1x - the highest of the top 5 by some distance. Shares have performed superbly over the last two years but there's been no meaningful change to the rating - still trading under 4x 2024 expected earnings and a shade above 2024e book value. Returning tons of capital via dividends and buybacks. I think the shares still have a lot further to go. Tell me why I'm wrong...!? |
Posted at 15/11/2023 18:04 by popit The RNS saidAt the same time, the existing corporate tax rate for banks will be increased from 15% to 20% for 2023 taxable earnings, and dividends issued from 2023 profits and subsequent periods will no longer be taxed (existing dividend tax rate is 5%). So there used to be a 5% Withholding Tax on the dividend? And now there is no Withholding Tax on the dividend? And what about the answers to the other questions? Is there not a very high risk that the BGEO share price will collapse when all the Russians return home? |
Posted at 15/11/2023 13:04 by popit Does anyone know the answers to these questions?1. Is there a Withholding Tax on the dividends here? It says on the internet that there is a 5% Withholding Tax for dividends paid by companies in Georgia to non residents 2. These shares have soared since the Ukraine war started and since many Russians have moved to Georgia So what will happen to the shares when the war ends and all the Russians return home? Is it not possible that BGEO shares will fall a long way or even collapse? 3. The Georgia currency has also been very strong since the Ukraine war started and since many Russians have moved to Georgia So what will happen to the shares when the war ends and all the Russians return home and the Georgia currency falls? Is it not possible that BGEO shares will fall a long way or even collapse? |
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