How long is the 'buy back' set to continue here does anyone know? |
Buying opportunity today.
A fast-growing bank on a PE below 4 doesn't need EU accession to be successful. It just needs its country to not be invaded by its neighbour... |
Very much appreciated, thanks. |
Have you got a link please Fly. |
Monthly figures available on the NBG website indicate an excellent october month for BGEO. |
Leeds
Georgia capital, ticker CGEO, holds 20% of BGEO and some other georgia assets. |
Could you explain a bit more please Craig? |
Worth keeping in mind that the current share price of Georgia Capital is roughly equivalent to its stake in the bank.
But you also get a bunch of assets in Georgia "for free"...
If you can handle the risk, though, a bank growing fast on a PE of 3.5x surely deserves a punt. |
Cavendish upgrade note out today available on ''research tree''. |
Excellent Q3 results today. P/E of 4 and about 6% forward yield with strong growth forecast and about half way through the buy back.
But who would have thought that the political change in the USA would lead to a 20% rise in this.
I continually learn. |
Yes, i guess that is the main reason, also the other uk listed georgian bank TBCG reported excellent Q3 results today. |
Presumably Trump's win will sideline the sort of foreign policy wonks (Nuland etc) who want to use Georgia as proxy to fight Russia. I'm guessing that's why this is up big today. |
Thanks Fly.
I have been trading this one. Doubled up at what proved to be the lows and then gradually sold out entirely. I suppose there are still political risks - I don't know how affected BGEO would be by Georgia being shunned by the EU, nor do I know if BGEO is associated with the GD party, or perceived as pro-EU or as non-aligned.
At least we did not, indeed, get the majority required to ban the opposition.
Further protests could lead to instability.
GD may take the normal pseudo-communist corporatist approach of forcing BGEO into supporting pet projects. Or maybe it will be careful not to kill the golden goose.
The currency has held up, and maybe there will be no major negative impact.
Clearly this remains stunningly cheap, and despite the recovery we are only back to where we were when we had significant election-risk. |
Monthly figures out last week on the NBG website indicate BGEO georgia profit for Q3 is about 9% ahead of Q2. |
Well Popit has been absolutely spot on. I did take some profit at the recent top but not enough, and your 9th Sep post, which I didn't see for a few days, was the trigger for doing more work on the politics, with the GD party looking increasingly strident, including most recently with its attempt (via the 'anti-corruption commission') to prevent Transparency International (TI) from observing the election.
The OSCE will still be observing, and the PM has requested the TI decision to be reversed.
I guess at this stage GD may lose enough votes that it makes it hard (even with possible manipulation) to get enough seats to ban the opposition. This could provide some relief.
I notice the currency has slipped....... |
I used to work for Fitch solutions and to think they have any great insight into what GD will or will not do once they win the election is just laughable. |
You seem to have a problem with basic facts
Fitch expects GD to easily win the Georgia election next month and to move the country further into the Russian geopolitical orbit and away from EU integration
Georgia could even face sanctions
And you think that this is not relevant to the BGEO and TBC share price? lol
The Georgia stock market and BGEO and TBC and the GEL currency are very likely to fall a long way after GD win the election next month |
Utter repetitive gibberish from a russky bot. |
Fitch solutions
"We think GD is prepared to weaken ties with the West significantly in its next administration, stalling the country’s EU integration indefinitely and risking sanctions.
Under GD, Georgia is likely to slip further into Russia’s geopolitical orbit in the years ahead" |
Would not be surprised to see these fall back quite a long way to below £25 as GD are obviously set to win the Georgia election in October |
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