Bank Of Georgia Share Discussion Threads

[flyfisher] 02/6/2023 11:42

Broker forecasts for 2023 have been raised again to around 750p eps.

[flyfisher] 18/5/2023 20:08

I would expect them to complete the current buy in, redeem their 2023 bond and then consider further use of surplus capital.

The conference call did not allude to any expansionary plans, so perhaps a further buy in may be favoured.

[eggbaconandbubble] 17/5/2023 14:42

Up 145p this morning now down 250p!!! Oddly I thoght of selling this am but they came rattling off before I got sorted. Heyho.

[charlotte2020] 17/5/2023 14:29

Why have these sold off?

[eggbaconandbubble] 17/5/2023 09:13

Posted twice!

[eggbaconandbubble] 17/5/2023 09:13

Are you suggesting the possibility of a special divi?

[flyfisher] 17/5/2023 08:28

An excellent first quarter.

With a cet1 of 19% plus legal gain cash at the parent they clearly have capital to invest. Other than redeeming the 2023 bonds and the perpetual, i wonder if they have any other plans.

[pj84] 12/5/2023 01:05

hTTps://bankofgeorgiagroup.com/information/analyst

[peet1122] 02/5/2023 10:46

Where can I find consensus broker forecasts? Preferable for free

[flyfisher] 02/5/2023 09:24

Consensus broker forecasts have been raised to 728p eps for the current year, with 9% growth forecast for following year.

I guess this reflects strong economic growth and declining inflation in the region.

[epistrophy] 28/4/2023 13:15

Thanks, I missed that.

If the BGEO buybacks continue, CGEO's ownership % will rise, all else being equal. The sales seem to be offsetting that, for now.

[peet1122] 28/4/2023 12:40

CGEO seemed to have sold at least 500k shares this year. (https://www.londonstockexchange.com/news-article/BGEO/holding-s-in-company/15928836)

If CGEO is as undervalued as the management thinks and communicated to the market, it makes sense to raise cash to buyback shares, even if you have to sell BGEO shares on the cheap.
CGEO used half their buyback allocation already in two weeks, guess if they want to keep the pace (+reduce leverage) they need cash.

[epistrophy] 28/4/2023 12:25

What makes you think that CGEO are selling?

[peet1122] 28/4/2023 12:01

Just a matter of time when the company is buying back 10-30% of the daily volume.
As soon as CGEO stops selling there won't be many shareholder left selling at these prices.

[bisiboy] 27/4/2023 22:56

Looks like a breakout have a good feeling on this

[mngf] 09/3/2023 10:43

I got shaken out this morning. Clearly politicians are aligning themselves to Russia

[flyfisher] 09/3/2023 09:44

Georgian government have withdrawn the foreign agents bill.

[dodger777] 08/3/2023 15:35

It is an extremely well run bank but it’s certainly a big concern, especially these days, that the Russian influence in Georgian current politics is certainly increasing. Id hate for the good people of Georgia for it to turn into another Belarus.

[creme de menthe] 08/3/2023 15:29

Big demonstrations against govt 'Foreign Agents' bill, an autocratic move which will make it harder for Georgia to join the EU.

https://edition.cnn.com/2023/03/07/europe/georgia-foreign-agents-bill-intl/index.html

[scottishfield] 08/3/2023 14:59

Don't know arja, just logged in and wondering the same thing.

[arja] 08/3/2023 14:57

why the big drop in BGEO share price today as no news out ? anyone have an idea please ?

[flyfisher] 27/2/2023 08:36

Broker consensus for the current year was 655p prior to results and has been upgraded to 696p eps subsequently.

[flyfisher] 17/2/2023 09:31

FX gains are a staple part of the banks trading profits. They were significantly elevated in 2022 and in the conference call the CEO indicated that they are likely to settle back by about a third.

I thought the presentation was excellent, but then good news is easy to present.

[rolo7] 17/2/2023 08:57

Yep be wary of the fx gains 400m and the one off win 300m case that totalled 50% of profits.