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CGEO has different exposure - sure biggest holding is BGEO and they are BGEO's biggest shareholder...
I'll keep buying on dips - it's a cracking high growth business throwing off cash (not many of those around). Russia is not going to invade, they aren't going to change the government or kick out foreign companies...if you know anything about Georgia this is a completely different context to Ukraine.
Yes, they've been there and done that. Now seem to be focusing on getting control through pro-Putin politicians and legislating against any opposition.
Yes, there was a rumour that Russia was intending to invade Ukraine, but the Russians denied it, so business as usual - until 24th Feb 2022...
I am in because this remains a good company and the overdone drop is based on rumour , not fact
I've been looking for a buy-in point for a while. This dip is tempting, but I think prudence suggests the risk drops off a cliff if Russia is demonstrably in-check. On balance I'm going to let some time go past before I press the buy button.
Not sure whether to buy in here. Are we expecting it to drop anymore?
IMHO the proposed law is preparation for the parliamentary elections in October - it would give the ruling Georgian Dream a means to crack down on dissent and political opponents (as happened in Russia). If so, they won't drop the proposed legislation except as a last resort. I'm holding - and may even top up if the SP falls below 3000 - but I think it is going to be a bumpy ride!
SP is back into recent trading range for now anyway, share buy back still progressing, dividends still expected
There may also be a decent bounce when they have to drop the legislation, like they did last year. The question is whether it's posturing legislation or whether it has actual effect, if implemented. The more worrying issue would be the gradual drift towards direct Russian involvement in Georgia.
CGEO is down by a similar amount to bgeo
Less than 0.5% shares sold over 2 days. Main shareholder Georgia Capital's shares have risen by 5% since 11.00 am today.
Yep, and comments from the EU that the enactment of this law would be a serious block to Georgia's ambitions of joining the EU. I sold all my shares at 5069p yesterday - annoyed, as was debating selling them at 5550p earlier in the week, but you can never judge these things perfectly. I think that unfortunately there will be further volatility / scope for SP retreat unless/until the progress of this law gets dropped.
This will be it
https://foreignpolicy.com/2024/05/01/georgia-russia-foreign-influence-bill-protests-democracy-eu/
"If passed, the law would require all nongovernmental organizations to declare if they receive a certain amount of their funding from abroad."
I've always thought a lot of Russians put money in Georgia so they won't like it!
Dont know why the share price dropped , here to find out as Google knows nothing ,same with tbc down a similar percentage , going to retake an holding in tbc as I know it better than bog ,both have done well so I assume it's a temporary blip?
Dont know why the share price dropped , here to find out as Google knows nothing ,same with tbc down a similar percentage , going to retake an holding in tbc as I know it better than bog ,both have done well so I assume it's a temoort blip?
Did Russia invade today? Maybe on the border. Big drop in SP anyway.
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