Bank Of Georgia Share Discussion Threads

[rolo7] 11/5/2022 16:11

Dividend announced also in agm at 2.33 or 60p odd pence in our money

[flyfisher] 11/5/2022 08:18

A superb first quarter.

Broker forecasts are well out of date with most of them having been computed after the year end results at 4.07 fx rate, now 3.75.

I would expect some considerable upgrades to current year consensus of 363p.

[rolo7] 10/5/2022 18:00

Q1 results tomorrow, hope you find out a reason for all those director buys....

[topvest] 29/4/2022 15:14

I can't see Russia doing anything at present in Georgia as they are getting well and truly beaten-up in Ukraine. Moody's are probably just covering themselves. Obviously, there is a medium term risk here and any country that has a border with the rogue state of Russia!

[topvest] 29/4/2022 14:38

Woefully slow in issuing their annual report versus the preliminary announcement date.

[rolo7] 29/4/2022 13:14

Dividend gets announced with agm resolutions hopefully

[killing_time] 28/4/2022 09:13

Scrolled through the annual results this morning.

Page 332 of 384 is about dividends, no new dividend declared yet, think I burnt my mouse out.

[killing_time] 21/4/2022 10:40

Yep, iv got around 19th May pencilled in for Q1 results and should have div announcement as well.
Can see these popping back into the £14-£16 range.

[rolo7] 21/4/2022 10:32

Tipped for its attractive divided yield today may agm

[rolo7] 21/3/2022 19:32

Yet more director buys reported rather late

[rolo7] 09/3/2022 08:18

hopefully we have found the bottom hey, massive dividend at these levels director buying plenty

[flyfisher] 23/2/2022 15:31

After a good 4th quarter, broker consensus forecasts for 2022 are upgraded by 17% from 343p eps to 403p eps.

[flyfisher] 15/2/2022 08:10

The georgian fx rate against the £ has appreciated by around 5% over the last quarter and will show through on the eps translation to sterling.
Broker forecasts do not seem to fully reflect this and i would expect full year earnings to be ahead of recent expectations and a strong dividend increase in the upcoming results.

S/P seems to have been set back by bgeo's business links to russia and the risk of american led sanctions. Whilst this is difficult to judge, i see it as an opportunity and have re-entered recently.

[flyfisher] 03/12/2021 08:04

Blimey, a director buy that size shows some commitment.

[km18] 26/11/2021 17:46

From WealthOracleAM easrlier in the year...

Bank of Georgia Group Plc is an ultimate parent company of JSC Bank of Georgia – a systematically important and leading universal bank in Georgia. The bank’s ambition is to increase ROAE to above 20% and keep loan book group growth around 15%. Technological development for the bank is successful, as their multi-channel performance is dominated by iBank and self-service terminals. The lack of penetration in the market and lack of or very limited knowledge on services such as asset and wealth management creates opportunity for future growth.
Latest trading update in June is positive, as the bank saw 10% increase in operating income and overall profit for the quarter compared with the loss generated in Q1 2020. However, evaluating a bank on bottom line is telling half of the story really. Liquidity coverage ratio for the period was higher than the yearly report for 2020 at 149.3%, showing improved quality of the assets compared. Same could be said about the CET1 capital adequacy position of the bank with a result of 11.2%. Strong balance sheet and liquidity are a solid base for successful quarters for the rest of the year...

[flyfisher] 19/11/2021 17:07

Good Q3 figures last week, have been followed by broker upgrades to earnings forecasts.

Forecast of 337p earnings for this year gives a forward p/e below 5 and the yield touching 6%.

[flyfisher] 13/9/2021 08:30

Excellent dividend policy upgrade today, it looks to be 86p div for a 5.4% yield in the current year.

[rolo7] 06/9/2021 13:47

Sold today negative divergence on chart

[rolo7] 31/8/2021 18:59

A nice rise today moved up fste ranking along noone near big enough market cap for fste 250 entry maybe in December

[flyfisher] 26/8/2021 08:03

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 17:31

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

[rolo7] 24/8/2021 13:55

Peel broker upgrade today

[rolo7] 18/8/2021 08:13

Good results at tbc also