Bank Of Georgia Share Discussion Threads

[eggbaconandbubble] 07/11/2023 08:05

flyfisher - thanks.

[flyfisher] 07/11/2023 07:57

The national bank has inadvertently disclosed sector bank profits for 9 months of the year before the companies have actually reported. That puts the company in a situation where part of its third quarter results are public knowledge. Accordingly BGEO has been prompt to let the market know that the figures are not comprehensive.

Somebody at the national bank will be getting a roasting.

[eggbaconandbubble] 07/11/2023 07:34

Trading statement. Doesn't make a lot of sense to me.

[flyfisher] 31/10/2023 11:14

They generally inform the market of the date two weeks prior.

[disc0dave46] 30/10/2023 17:12

Thanks, thought as per last year around the 10th but noting on their website.

[altras] 30/10/2023 16:54

I have Q3 down as Nov-09

[disc0dave46] 30/10/2023 15:12

Is Q3 next week?

[altras] 30/10/2023 11:51

@MrScruff

Agree good value with good mid/long term potential.

Why SIPP and not ISA?

[mrscruff] 21/10/2023 21:58

Been impacted by the tension and war in th middle east. Drip feeding in slowly. Best small cap value stock and with a high yield. Higher for longer environment. Buy and hold for the longer run in an SIPP and not an ISA

[flyfisher] 20/9/2023 10:40

This crops up occasionally.

[eggbaconandbubble] 20/9/2023 09:27

Why do these go up and down the way they do? Down over 3% this morning with more buys than sells, and no doubt back up again later or tomorrow.

[flyfisher] 15/9/2023 10:06

A broker upgrade last week would seem to have stimulated a rise in the s/p.

Consensus broker forecasts for the current year have been raised to 892p eps and they have an average share price target approaching £52.

They both seem a bit of a stretch to me, but hey ho, they know more than me.

[pj84] 29/8/2023 22:27

Claverhouse snaps up Georgian banks serving fleeing Ukrainians

JPMorgan Claverhouse fund manager William Meadon takes positions in two Georgian banks as he moves to counter high inflation and rising interest rates.

JPMorgan Claverhouse (JCH) has added two London-listed Georgian banks to the UK equity income trust after they became the unlikely beneficiaries of the war in Ukraine.

Russia’s invasion of Ukraine last year cast a pall over global stock markets but William Meadon, manager of the £387m trust, has managed to find two stocks that have benefited from the ongoing conflict.

He added Bank of Georgia (BGEO) and TBC Bank Group (TBCG) to the portfolio in the first half of 2023 as ‘Georgia has benefited from a huge influx of affluent Ukrainians and Russians fleeing the war’.

‘This has led to a surge in the Georgian economy and a thriving banking sector as deposits have growth,’ Meadon said.

‘Bank of Georgia and TBC Bank operate a duopoly in this market, which lends itself to very favourable economics for both banks.’

Meadon said that, as a result, both banks earn returns on equity of between 20%-30%. He added that with good balance sheets returns for shareholders should remain strong.

[eggbaconandbubble] 25/8/2023 08:13

What's also worth noting is the divi cover of more than 3.5.

[flyfisher] 25/8/2023 07:52

Consensus broker eps forecasts have been upgraded to 868p for the current year, giving a forward p/e of 4 and a historic yield of 7.6%.

Competitor TBCG trades on a forward p/e of 4.7 and a historic yield of 6%.

I see no reason for BGEO to trade at a lower rating and would hope for the gap to narrow.

[eggbaconandbubble] 21/8/2023 08:57

I read at the weekend somewhere(?) that investors were advised to take profits.... After such amazingly good results???

"Hey, let's get the share price down so we can load up!"

[pj84] 18/8/2023 17:08

Bank of Georgia positive after ‘consensus-busting results’

Peel Hunt has retained its ‘buy’ recommendation for Bank of Georgia (BGEO) after the group published ‘exceptionally strong’ second-quarter results.

Constant currency loan growth of 6.4% in the second quarter drove growth for the year to June up 17.6%, comfortably ahead of the medium-term target of 10%. Given it is ‘clearly winning’ market share in Georgia, Peel Hunt analyst Robert Sage said he would increase the current full-year forecast of 8.8% by ‘several percentage points’.

‘Although falling Georgian interest rates will negatively impact the industry net interest margin over time (it should also stimulate loan growth), in the second quarter Bank of Georgia’s net interest margin increased by 20 basis points quarter-on-quarter to 6.6% from 5.3% a year previously and we expect it to remain strong in the third quarter and above our full-year estimate of 6.3%,’ he said.

Costs increased 11.5% owing to business growth and digital investment, well below revenue growth of 34.8%. Pre upgrades – which Peel Hunt believes could be up to 10% for 2020 – the price-to-earnings ratio is four times and the dividend yield below 8%.

‘Significantly the momentum behind these consensus-busting results remains positive and low valuation multiples allow for material share price upside,’ Sage said, setting a target price of £40.

[eggbaconandbubble] 17/8/2023 11:10

As I write up 14.5% - better than a slap in the belly with a wet fish!

[flyfisher] 17/8/2023 07:55

A superb Q2, helped by a couple of exceptional gains. With an 8.3% dividend yield and a forward p/e under 4 it compares very well against competitor TBCG which has a yield of 6%.

Broker forecasts and the share price would seem to be behind events, in my opinion.

[flyfisher] 10/8/2023 12:40

Local competitor TBCG bank reported excellent Q2 results today.

Likely to be reflected here next week.

[flyfisher] 28/7/2023 08:31

The $79m outstanding 2023 eurobond was up for maturity this week. It would seem that they have no need to refinance it and repaid it from cash resources.

They have a $100m 11.125% perpetual in issue, i wonder if that is the next use for surplus capital, or another buy in ?

I would guess at a further buy in.

[eggbaconandbubble] 21/7/2023 15:10

Stockopaedia have them down (estimated) 8% yield for year end 23 and 9.5% year end 24.

[flyfisher] 20/7/2023 07:22

''The motley fool'' had a comment on bgeo yesterday.

It seems to ignore the exceptional fx gains it made last year.

It suggests a 9% plus yield.

[epistrophy] 13/7/2023 11:14

Thank you. So 5% is correct for the current year.

"dividends issued from 2023 profits and subsequent periods will no longer be taxed (existing dividend tax rate is 5%)"

[flyfisher] 13/7/2023 10:34

Epistrophy, See RNS 28/12/22.