Bank Of Georgia Share Discussion Threads

[flyfisher] 26/8/2021 07:03

And sold on the PEEL HUNT upgrade. I would not normally exit so quickly, but an arbitrage opportunity came up elsewhere, for which i needed some cash and the peel hunt upgrade gave a good selling day.

Peel hunt actually downgraded their outlook in may at around 1200p and now upgrade at around 1550p, yet their latest comment has a 1411p target price.

Good luck.

[flyfisher] 24/8/2021 16:31

Pretty stellar results, so i bought back in a few days ago.

[rolo7] 24/8/2021 12:55

Peel broker upgrade today

[rolo7] 18/8/2021 07:13

Good results at tbc also

[flyfisher] 10/8/2021 06:58

At 1492p this was not my best timed exit although it was at a 50% gain. I guess that the prospects of ftse 250 re entry may be the main driver here and watch with interest.

I moved across to its sister company CGEO which owns 20% of BGEO and trades at a big discount to nav, so i still have an indirect interest.

Good luck all.

[rolo7] 06/8/2021 15:07

Took me three attempts to get the buy point after taking small losses there's always one late runner attempting fste250 promotion, cheapest bank on market making a profit? Takeover target probably not likely?!

[arja] 06/8/2021 14:53

and best performing bank today as it kicked on after the breakout yesterday . Wish I had focused on this bank ( wry smile ) .

[rolo7] 05/8/2021 15:56

Did well today breakout or top of the market?

[rolo7] 05/8/2021 12:50

Fair points I thought recently there was a picture of Georgia etc with EU representatives

[flyfisher] 05/8/2021 06:07

rolo7, ''What's not to like.'' A good question.

1. The massive size of the directors share option schemes.

2. The share price has been heavily supported with buy ins to satisfy the above.

3. Trades at a premium to NTAV.

4. Political risk, the ruling party recently tore up the april agreement towards western democracy. This agreement was brokered by the USA and EU and the breach of it is unlikely to help trade relations.

hxxps://georgiatoday.ge/the-us-deeply-disturbed-exasperated-by-gd-decision-to-quit-april-19-agreement/

Points no 1 and 4 caused me to reconsider my investment and i made an exit recently.

[flyfisher] 28/7/2021 10:25

It is around 355th on the all share list at the moment, so if it continues to rally it should have a good chance of index reentry upon the september review.

[rolo7] 28/7/2021 09:47

Breakout results next month with dividend fste 250 possibly what's not to like

[rolo7] 12/7/2021 18:41

forecast of net profits of 126m£ and 147m£ for next year so cheap on pe5-6 plus dividends also.

[arja] 12/7/2021 14:11

I have no idea on the fundamentals but it still has a nice chart and could well break resistance level this week .

[rolo7] 08/7/2021 16:51

ok i like the new half year dividend a good sign i hold a few hoping for a run at fste 250 think the advfn market cap figure is wrong more like 700mmc?

[flyfisher] 08/7/2021 16:07

Unlikely, it was reasonably expected after the financial stability committee statement of a few weeks ago.

[rolo7] 08/7/2021 14:55

An impressive statement but is it just a stop gap due to market falls today.

[flyfisher] 08/7/2021 13:22

Looks like dividend reinstatement this year and they have guided at a 25% to 40% of earnings payout, so at a 30% payout ratio, 76p is on the cards.

[arja] 02/7/2021 13:00

such a quiet board for such a dynamic stock or maybe you investors are sitting and
calculating your profit to date with more to come . well done and I am sorry I missed this one by focusing too much on VMUK where movement more pedestrian but still regular trading profits to be made using CFD to avois SD !

[arja] 02/7/2021 06:20

nice looking short term uptrending chart surprisingly and more in this one .I must check out the fundamentals !

[flyfisher] 21/6/2021 16:04

National bank of Georgia edict on dividends.

As of April 2021, banks maintain solid capital and liquidity buffers. If they follow the current year-to-date profitability trend, it is expected that banks will earn solid profits by the end of 2021.

January 1, 2022 is set as the starting date for the recovery of capital buffer requirements and banks are given 2 years to meet restored capital requirements. It should be noted that, other things being equal, the recovery of capital buffer requirements will not affect lending growth significantly, considering the banks’
current capital buffers and expected profitability.

Meanwhile, current projections allow banks to restore these buffers before the given date. In such a case, the restrictions on banks’ capital distribution (dividend payout, share buybacks, equity investments and increasing variable remuneration for management) will be abolished.

[flyfisher] 08/6/2021 07:45

The georgian bank regulator is meeting this week to consider liquidity ratios and dividend policy.

Meanwhile the lari has firmed against sterling, which will increase sterling eps.

[arja] 28/5/2021 08:16

lovely looking chart i must say !

[flyfisher] 24/5/2021 16:19

The Q1 results brought on a couple of broker upgrades.