Bank Of Georgia Share Discussion Threads

[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.

[loganair] 30/7/2020 19:59

Profitwise the Bank of Georgia actually stands on a p/e of less than 6. They put by GEL 38.7mln in relation to a 3 month payment holiday on principal and interest to their retail banking clients, however interest continues to accrue on the loans. They also put by GEL 220.2mln in their ECL provision against the negative impact on the credit risk of their borrows due to Covid. 1. These are one-off provisions. 2. The full amount of these provisions may not come to pass and therefore some of this may very well be returned as a positive to the balance sheet at a future date.

[arja] 30/7/2020 13:01

I see it has a very high p/e and very highly geared although the lattermight be normla for a bank whose business is lending.

[arja] 30/7/2020 12:42

wow , risky to buy as chart shows a clear short and medium term downtrend and seems to drop every day with 730 next chart support level . Must be problems which we are blissfully unaware of and insiders are and will be shorting the stock .

[loganair] 30/7/2020 08:28

I think a few more people have heard of Lloyds or Barclays then they have of the Bank of Georgia. Unlike many UK private retail investors c25% of my portfolio is invested outside of the UK stock market while a further c35% of my portfolio is invested in stocks quoted on the FTSE who have 100% of their operations outside of the UK.

[gwillerz78] 30/7/2020 08:01

Hi loganair I've taken my first position here over last couple of days. Looks great value here just surprised there isn't more interest. Very quiet here.

[loganair] 26/7/2020 10:26

"Bank of Georgia Group looks a terrific value buy right now. Covid-19 will dent economic growth in the emerging market in the near term, but the long-term outlook remains robust. Georgian GDP per capita grew at a meaty average of 4.8% between 2010 and 2019, according to the World Bank. At current prices, Bank of Georgia trades on a low forward price-to-earnings (P/E) ratio below 6 times."

[arja] 20/7/2020 08:23

heading for 800 it seems after that bounce !

[bag158s] 13/5/2020 14:30

Looks like to be very positive

[bag158s] 13/5/2020 14:20

Tomorrow 14/5 results to be declared

[dplewis1] 15/2/2020 21:04

Be warned - entropick is a spam account do not click the link.

[entropick] 15/2/2020 21:02

Bank of Georgia profits surge HTTP://twitter.com/entropick/status/1228786583060582401

[davebowler] 17/1/2020 16:53

hTTps://www.intellinews.com/reports/georgia-country-report-nov19-november-2019-55484/

[ceaserxzy] 25/11/2019 20:25

how much does directors take from the company every year? The trust keeps buying back shares to meet rewards to directors and if this goes every year at this rate it can take up a large chunk of the company.