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I know - it's strange isn't it? Compare to the rapid cesspool of stocks like HE1 (where sadly I didn't fare so well!) :)
So rare to see anyone talking about this share.
I'm up about 60pc and the dividend is nice too.
Its been a fairly smooth ride too. Gradual and relentless. Very happy to hold for the long term
...this back above 5000p after the recent "breather". Let's hope it holds here or thereabouts before moving on.
https://www.lse.co.uk/ShareChat.html?ShareTicker=BGEO&share=Bank-Of-Georgia-Group#posting-rules
Shares in Issue 45.59m
Market Cap. £2.30b
Market Size 750
PE Ratio 4.571157
Earnings 1,104.75321
Dividend 123.39306
Yield 2.443%
5000p now 34% better then the 3750p sell on 20th December 2023.
Georgia Capital also on all year high today .
Yep, looks like £50 should be a good base to consolidate, and push back on towards £55 in the coming weeks. GLA
Sold out a chunk above £50, looking to get back in if/when it goes down a bit.
Wealthoracle.co.uk/detailed-result-full/BGEO/832
bank of georgia group plc posted impressive fy23 prelims this morning continuing the bank’s trajectory of robust and very profitable growth. bgeo had 1.8 million monthly active retail clients as of 31 december 2023 up 10.8% y-o-y, operating income was gel 657.2m in 4q23 up 12.4% y-o-y, while in fy23 as a whole, operating income was up 26.4% yoy to gel 2,530.4m. for fy23, profit was gel 1,374.7m, up 21.4% y-o-y, while the bank's basel iii cet1, tier1, and total capital ratios stood at 18.2%, 20.0%, and 22.1%, respectively, all comfortably above the minimum requirements of 14.5%, 16.7%, 19.6%, respectively. so more robust top and bottom line growth with a very solid balance sheet in tow. valuation also remains reasonably attractive for the sector with forward pe ratio at 5.1x top quartile for the banking services sector. the share price also has strong positive momentum. buy...
...from wealthoracle
***************************detailed-result-full/bgeo/832
@Dramchart - exactly!
Happy with the results
Me too. Mr. Market, over-reacting to modest drop in profit mostly owing to costs associated with Ameriabank acquisition, seems to ignore the fact that you can't make omelettes without breaking eggs :)
This section from the y/e report summarises why!
Ameriabank is a leading franchise in the local market - #1 by loans and #2 by deposits - and is the "top-of-mind" banking brand in Armenia, with further upside to grow, especially in the retail and SME segments, leveraging the Group's experience and know-how in digitalisation, payments, and customer experience. I believe this acquisition, which was approved by the shareholders on March 14th, is a great opportunity for the Group to increase scale and unlock further growth. We are set to acquire Ameriabank with our surplus capital, with no dilution for shareholders, and it is expected to be immediately earnings enhancing with an ROE uplift. Importantly, our dividend and capital distribution policy and payout ratio of 30-50% will not change. Considering the Group's strong performance during 2023 and robust capital and liquidity positions, the Board intends to recommend, at the 2024 Annual General Meeting, a final dividend for 2023 of GEL 4.94 per share, making a total dividend for 2023 of GEL 8.00 per share. This is a 5% increase on the dividend for 2022 - a year boosted by significant one-offs and FX income which broadly normalised in 2023. In addition, the Board has also approved an extension of the buyback and cancellation programme by an additional GEL 100 million. This represents an overall dividend and share buyback pay-out ratio for the year ended 31 December 2023 of 37% (2022: 37%).
To be expected, but holding well - still at £50, which we'd have been delighted with reaching only a few weeks ago. Will be interesting to see if positive movement following the investors zoom call at 2pm, which I will try and join if I have time.
The summary all looks very positive to me - maintaining dividend growth, and more share buyback in 2024, all whilst funding Ameribank acquisition which will boost revenue and profits after an already stellar couple of years.
Thanks Rheinmetal (now there's a share I wish I'd jumped on a month ago....). It feels like I'm a bit late to the party with this one - I managed to get into Vistry a few weeks ago and they look like they have some really good potential (if you don't know too much about them watch this - https://www.youtube.com/watch?v=_W60Cmy3tbU&t=52s - It's an hour and a half long but gives a real in depth expose of what Vistry do). I may dip my toe in with BGEO - but am wary of catching this one a bit too late....
Revenue forecast is 659M apparently, so that's the ballpark to look at, albeit the Nov 23 results were very slightly below forecast and that certainly didn't hurt the continuing share price growth!
I may well be wrong, but the share price movement has been quite interesting this week - moving a pound or so down or up from opening prices intra day, but usually returning to more or less the opening price at the end of each day. Strikes me as possibly MMs trying to stimulate some share sales ahead of results? I'm holding since 2700p and planning on holding for the next few years. My target is 7500p in 12 months time, with good dividends maintained in the meantime. GLA DYOR etc.
What are your expectations?? Do results have to be bombastic to boost the SP?
When's the full year report and dividend declaration? I had it down as end of feb...
Might break 60 before too long...
Crazy relentless growth from this share. Definitely a gem that few seem to talk about.
Told a friend about this one a few weeks ago and he bought in. (I didn't recommend it, just highlighted it).
Anthony in particular driving it?
Any reasoned arguments welcomed, but you haven't presented any. Looks like the market disagrees with your valuation also.
Nothing said on these boards will change any share price and the suggestion that someone with a positive or a negative comment can do that is nonsense
You just cannot handle a slightly negative comment about a share that you recently bought
Right.... but we're not just talking about Georgia are we? BGEO is buying The largest bank in Armenia, which itself has a similar GDP per capita as Georgia, so the price is adjusting upwards to allow for this.
There's also more to it than just GDP of the country. Georgia is a completely different prospect to Kazakhstan and recently being accepted as a candidate for EU membership means BGEO is rightly on what will be a long upward trajectory. Hence the difference in how they are valued.
Also i was just pointing out that you do this a lot... try to get people to buy in to your, often falling, investments.