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How exposed is BGEO to greece?
News just released should see a rise tomorrow.. http://www.telegraph.co.uk/finance/economics/11612513/Bundesbank-warn-Greeks-are-on-the-edge-of-default.html
Well at least we can rule out the oil price as the reason for the crash in the sp since the results were released. Its clearly grexit that is the cause... Well Ive topped up anyway.
time to buy again it is bellow £17
Seems undervalued. Thanks for the site, first I have seen it.
soon we will get there
Panmure Gordon reiterated their buy rating on shares of Bank of Georgia Holdings PLC (LON:BGEO) in a research note released on Thursday morning. They currently have a GBX 2,400 ($35.70) target price on the stock. Shares of Bank of Georgia Holdings PLC (LON:BGEO) opened at 1802.00 on Thursday. Bank of Georgia Holdings PLC has a 1-year low of GBX 1675.00 and a 1-year high of GBX 2766.62. The stock’s 50-day moving average is GBX 1867. and its 200-day moving average is GBX 2129.. The company’s market cap is £684.36 million. Bank of Georgia Holdings plc (LON:BGEO) is a holding company for JSC Bank of Georgia (the Bank). BGH operates in three segments: strategic, synergistic and non-core businesses. Strategic businesses comprise Retail Banking, Corporate Banking provided by Bank of Georgia as well as Asset and Wealth Management (AWM).
this is much better .
Someone on the iii forum just posted this : http://simplywall.st/LSE:BGEO All indicators very positive.
At time I am baffled to understand why the sp has fallen from the 2500+ to this low 1700+, even though the company was very profitable.It is now my conclusion that the reason could be because of the exchange rate of Georgia Lari GEL vs $US, or GEL vs Euro.
It was nice to see a little break out today, I really thought we would break the 1800 but it was not to be. I can't help but feel any gains today will be wiped off tomorrow, seems to keep happening *sigh*. Lets hope the official announcement of the dividend keeps us in the blue(when ever that is), Good luck all
i am keeping eye on the bank for now ,when to buy who knows .
Strange given the fact that 3 seniors purchased a bucket load of shares just before the results were announced at about 19 quid each... This guy still holds loads more shares though even though he offloaded some today. But still worth keeping an eye on.
I found this on another website Bank of Georgia Holdings PLC (BGH) was notified today that Nikoloz Gamkrelidze, a Person Discharging Managerial Responsibility (PDMR), had sold 15,000 BGH ordinary shares (BGH Shares) on 20 March 2015 at a share price of GBP 17.72 per BGH Share. Following this sale, Mr Gamkrelidze continues to hold 62,165 vested and unvested BGH Shares, representing approximately 0.16% of the share capital of BGH.
i think were all as baffled as you. hence this boards gone pretty quiet. as you say fundamentally strong, good divs with a fantastic div cover of 3-times. this stock was well loved a couple of months ago yet as soon as the results were anounced - which were great - the sp plummeted. as peter450 mentionmed earlier, it could be to do with russia ? oil maybe ? ill say it again this is looking very cheap to me. but it just cant seem to get any traction at the moment...
I'm baffled by the current activity of this share. I bought in after the announcement of the financial reports, I felt people were overselling and driving the price down. The business is performing well, growing market share, increasing dividend payouts and rising revenues. Not to mention our biggest competitor The National Bank Of Georgia posted massive losses and decreases in revenue, this could surely mean the BGEO can only continue to gather momentum and steal market share. Hence causing a northwards movement in the share price but this does not seem to be the case. The announcement of brokers lowering their target prices seems to have really influenced the price of this share. Am I missing something here? Any News?
I have no doubt Georgia trade with Russia given their proximity to each other.... but Georgia's single largest trading partner is the EU.... as stated in last weeks report....
Trade, in much the same way that what happens in the Eurozone affects the UK economy what happens in Russia affects Georgia. While oil has nothing to do with BGEO on a direct level, it's a pretty fundamental part of the russian economy, and at the moment things in russia are not being helped by a low oil price and escalating tensions with europe who also buy most of there gas. I expect the main reason for estimated downgrades to growth in georgia are off the back of the problems with the russian economy.
I know Georgia is next to russia but apart from that why would the Russia/ Ukraine tensions affect the sp of this stock ? And what has oil got to do with a Georgian bank ?
If it gets there i'll look to buy, it's a solid company IMO but it's very much being influenced by the situation in eastern europe, the current oil price puts russia in a very difficult situation, it was a low oil price that helped push the old soviet union to collapse. As such while i think it's a good stock, i want to see the price a bit cheaper before i buy, when i first bought these during the euro crisis they were around 12 quid if i recall, things could get very unpleasant if the situation in russia really escalates and oil prices stay low for a long period of time. Having said that you never really know what's going to happen in the world, but at 4% i feel your getting a good enough payment to be able to wait it out
...approaching 4%...
Would like to know the same thing, obviously some kind of manipulation going on or its got some more local issues going on. Like truegent says patience and you need nerves of steel. Just try to remember long term this will be a good share.
its taking a hammering anyone knows whY??