Bank Of Georgia Share Discussion Threads

[flyfisher] 21/4/2021 21:04

“The political crisis is over and the constructive political engagement needs to be sustained,” European Council President Charles Michel said at a briefing held together with President of Georgia Salome Zurabishvili.

The EU continues to stand by Georgia with full support and friendship, Michel noted.

“It’s pleasure for me to be in Tbilisi again. I’m particularly pleased to visit Georgia today after political leaders signed this agreement. The political crisis is over, and constant political engagement needs to be sustained. Today marks a new beginning and the start of the hard work to kick Georgia forwards along its EU-Atlantic path.

[flyfisher] 15/3/2021 13:14

Epistrophy,

hxxps://georgiatoday.ge/category/politics/

No john, i am in the dark like everybody else.

Good luck.

[jonnybig] 15/3/2021 12:29

You sure know your stuff about Georgia, flyfisher

[epistrophy] 15/3/2021 11:20

Thanks flyfisher. Would appreciate any suggestions on where to track Georgia news other than which I think is state-run.

I see CGEO got a brief mention from David Stevenson in the FT last week, which might have helped.

[flyfisher] 15/3/2021 09:47

The share price setback seemed to tally with political disruption in georgia, with the imprisonment of some opposition party members and controlling party resignations.

The E.U. sent in a peace negotiator about 2 weeks ago to try to bring all parties to the table to settle their differences. The share price has initially reacted positively.

[jonnybig] 15/3/2021 09:41

1600p price target for me

[jonnybig] 11/3/2021 10:19

Thanks for pointing out flyfisher, so still a good buying opportunity as many will only buy dividend yielding stocks even if they pay an extra 30% share price to get a 5% dividend, weird I know but don't knock it that's what gives us cheap shares

[flyfisher] 11/3/2021 08:56

Dividends not currently allowed.
Georgian banking authorities are to meet in june to consider capital ratios and dividends, pretty much in line with the EU.

[jonnybig] 11/3/2021 08:41

Usually declare dividend when announcing agm in April so some might think no dividend when not mentioned in finals

[bisiboy] 05/3/2021 17:14

bought some of these earlier this week.
as you say under the radar and probably on the to difficult to look at pile.
probably will take dividend resumption to get these moving but happy to wait

[jonnybig] 03/3/2021 12:49

This and tbcg are well under the radar. Stonking buy at this share price

[its the oxman] 01/3/2021 09:49

Any views from Mello or on bgeo after results now price is near 1000p. Think it should be a buy but what will get it going?

[epistrophy] 15/2/2021 14:16

Georgia will get 1.4 million doses of vaccine via the Covax (COVID-19 vaccines Global Access Facility) platform and will purchase the remaining two million doses through negotiations with EU countries and vaccine manufacturers, Deputy Health Minister of Georgia Tamar Gabunia said earlier today.

Gabunia said Covax is the main vaccine access platform for Georgia, but at the same time there are at least two other mechanisms the country is aiming to use, one of which is to work with the EU countries to receive the ‘doses of vaccine which they had already purchased, but is not necessary for them yet’.

[davidosh] 06/2/2021 01:33

Just to let shareholders know that we will be featuring Bank of Georgia in the #MelloMonday show this coming Monday evening In the MelloBASH (Buy, Avoid, Sell or Hold) panel session. We have a very good panel of analysts and professional investors



Tickets are still available and if you would like one at half price then enter the code MMTADVFN50

Here is the full programme as it is nearly a four hour show...


Programme
6 pm Mello News
6.10 pm Aquis Exchange PLC - AQSE: new opportunities
6.30 pm Interview with Sir* David Hornsby from Ideagen ... *If only Mello investors awarded knighthoods!?
7.00 pm Company presentation by Adept Technology Group
7.30 pm Trading update and meet the new CEO of SCS, Steve Carson
7.55 pm Gamechanger - Join us on Tuesday at 2 pm for a follow up and more in-depth presentation by our Gamechanger
8.15 pm Vectorvest - Low risk investing for consistent growth and income
8.45 pm Mello BASH, including Paul Scott, Alan Charlton, Kevin Taylor and Bruce Packard. Companies which may be analysed include Bank of Georgia (BGEO), Xpediator (XPD), RBG Holdings (RBGP)

[flyfisher] 02/2/2021 09:03

Georgia has started to ease lockdown.

Based on the decision of the Interagency Coordination Council, shops will re-open in Georgia from today, February 1.
However, trading facilities will not be allowed to operate on weekends to avoid high mobility.
In addition, municipal transport, schools and stores will be reopened in Batumi, Zugdidi, Gori, Poti and Telavi from today.

Regular flights will also be resumed in all directions.

[flyfisher] 23/11/2020 17:17

As of today BGEO is 353rd in the all share list, so it has a sporting chance of joining the FTSE 250 index at the next review.

[jswjsw] 20/11/2020 10:35

... which explains non-exec. MAcKenzie buying £72k worth a couple of days ago.
j

[flyfisher] 17/11/2020 13:42

Today's presentation slides forecast dividend payments in the range of 25% - 40% of net earnings.

Which should give a dividend in excess of 7% in 2021.

[jonnybig] 17/11/2020 08:53

Good investment this. One of those under the radar so nice and cheap.

[flyfisher] 17/11/2020 07:45

Excellent Q3 results, about 40% ahead of broker estimates, which should lead to upgrades.
Forward p/e of about 4.

Bgeo is about 20 places outside the ftse 250 index level, so a sustained rally could lead to re entry.

[flyfisher] 10/11/2020 09:17

The covid vaccine news opens up the possibility of renewed tourism next year and should ease concerns over further covid provisioning.

[pj84] 02/9/2020 21:15

I agree very undervalued at the moment and just need patience to wait for sentiment to eventually change. Not sure when but feel very confident holding at these levels.

[flyfisher] 02/9/2020 08:15

Looking back at the last 4 quarters income and adding back the provisions of GEL 220m and 38.7m, we seem to have average normalized quarterly net income in the region of GEL 120 - 140m.

GEL 500m pa net income gives 247p eps and a forward p/e of 3.8 at the current f/x rate of 4.12.

Risks would seem to be regional political, and possible further provisions.

The current share price has been hurt by investor fallout from last years executive terminations and recent covid trading provisions.

What am i missing?

[arja] 10/8/2020 08:14

thanks for comments Logair and I will keep it on my watchlist . At present any rally seems to run out of steam and into sellers .

[loganair] 30/7/2020 20:03

Income-seekers are not flocking to buy the shares. I think there are several reasons for that.

One is that Georgia’s economy is closely tied to that of Russia, and Russia isn’t exactly on glowing terms with some of its neighbouring states. So there have to be concerns about political stability in the region.

Markets have a big downer on banks in general too, and I can’t help feeling that institutional investors see banks in these states as being higher risk. But I think that’s a mistake, and I reckon Bank of Georgia could have a far more profitable decade ahead of it than the UK’s big banks.