Bank Of Georgia Share Discussion Threads

[kalai1] 16/2/2023 12:40

Bank of Georgia Group PLC posted impressive Prelims for FY22 this morning. Operating income before cost of risk was up 76.7% y-o-y in the fourth quarter to GEL 404.0 million and up 59.4% y-o-y for the full year to GEL 1,361.6 million. The Group's reported profit amounted to GEL 637.7 million in 4Q22 and GEL 1,444 million for FY22 as a whole. Business is expanding robustly, the Group has strong capital and liquidity positions. At 31 December 2022, the Bank's Basel III Common Equity Tier 1, Tier 1, and Total capital adequacy ratios stood at 14.7%, 16.7%, and 19.8%, respectively, all comfortably above the minimum requirements. The share price is trending strongly, valuation looks very attractive and the bank looks solid. BUY....


...from WealthOracle

[nfs] 16/2/2023 09:10

Looking forward to the call at 2pm

[flyfisher] 16/2/2023 08:06

A superb fourth quarter, tax provision slightly lower than previously advised, legal gain slightly more in local currency, due to gel strength.

Results ahead of broker forecasts.

Excellent dividend increase, giving 8.7% yield.

[daijavu] 09/1/2023 09:40

I quite like stockopedia. Nothing as flashy and unreliable as share tips but full of solid and reliable information about all registered stocks together with in depth analyses of how each company is performing as a business.

[flyfisher] 08/1/2023 07:40

It could be expenses and interest from the Roman Pipia case from 2018, which was decided in april 2021. Whilst the amount seems excessive, there was also a linked case in the georgia courts.

[scottishfield] 03/1/2023 09:04

Yes it seem a bit odd. No, haven't seen it anywhere else.

[houseofpain1] 03/1/2023 08:25

Surprised there's no share price reaction to the news regarding the legacy claim. Award represents c10% of current market cap. Perhaps investors had already priced it in although I wasn't aware of its potential and hadn't seen any mention of it in research coverage. Had anyone else?

[scottishfield] 30/12/2022 17:09

I hadn't noticed that, tks ff.

[flyfisher] 30/12/2022 15:46

Excellent news of a legacy financial settlement.
As the company is already flush with cash, i would expect it to lead to a further buy in as 2023 progresses.

[rolo7] 15/12/2022 08:38

Share buyback stopped or run out by the looks of it.

[flyfisher] 12/12/2022 10:18

Consensus broker forecasts post Q3 have caught up with events and are now at 702p eps for current year.

[disc0dave45] 07/12/2022 15:09

Thanks, taken a look, as you say very similar.

[flyfisher] 02/12/2022 19:56

Competitor TBCG has similar metrics with a slightly higher yield.

[disc0dave45] 02/12/2022 15:36

Looking for a bank and keep coming backto this one as a PE of 4x can't be ignored....just keep thinking it will pull back but it doesn't!.

[flyfisher] 01/12/2022 01:10

Consensus broker forecasts have been upgraded after Q3 to 647p eps for the current year.

[flyfisher] 25/11/2022 15:24

Extract from a CGEO note by Edison.

''A good financial performance from BoG and a favourable outlook for the banking
sector was reflected in the 52% increase in BoG’s share price in Q322, with a further 20% rise post quarter-end to 25 November 2022. The current share price of 2,570p compares with the current range of analyst target prices of 1,720p to 4,437p, with an average target price of c 3,000p.''

[rolo7] 11/11/2022 08:14

any link to the presentation? nothing on bgeo website.

[nfs] 10/11/2022 15:58

I watched the presentation too. Also there was comment about new businesses starting up as a result of the inward migration representing some belief in permanence from those business owners.Happy holder

[flyfisher] 10/11/2022 15:19

A couple of points from the presentation.

The CEO commented that georgia was becoming an increasingly important regional trade corridor and will remain so.
Also that surplus capital may be used for further buy backs, dividends and even a special dividend if they see fit.

[flyfisher] 10/11/2022 12:36

Current broker forecasts for the full year look to be behind events at 634p.

Perhaps we can expect some upgrades.

[flyfisher] 10/11/2022 12:03

Excellent results. As a country they seem to be picking up russia bypass trade.

“Georgia has benefited from a distortion in the markets,” it’s a transportation, trade and logistics hub in the Caucasus – part of the old Silk Road. As the northern route through Russia has closed, and there are ongoing issues in the Black Sea, trade is now taking the Georgia route.” “Our ports, railways and highways are operating at full capacity,”

[rolo7] 10/11/2022 08:12

still got £8million of share buyback to do ish

[drdre] 10/11/2022 08:04

Brilliant results, Georgian economy growing well and outlook statement was as good as you could expect considering global / macro.

[rolo7] 07/11/2022 21:22

You must of held bgeo for a while as at 3 year high, GC looks cheap on book value