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Bank of Georgia Group PLC
BGEO:LSE
Price (GBX) 1,560.00 Today's Change 0.00 / 0.00% Shares traded 2.07k 1 Year change +71.81% Beta1.5606
Recommendations 15-Oct-20 07-Oct-21
Buy 4 6
Outperform 4 3
Hold 2 1
Underperform 0 0
Sell 0 0
Share price forecast
The 9 analysts offering 12 month price targets for Bank of Georgia Group PLC have a median target of 1,912.40, with a high estimate of 2,453.19 and a low estimate of 1,486.12. The median estimate represents a 22.59% increase from the last price of 1,560.00.
High 57.3% 2,453.19
Med 22.6% 1,912.40
Low -4.7% 1,486.12
Earnings history & estimates
On Aug 17, 2021, Bank of Georgia Group PLC reported 2nd quarter 2021 earnings of 4.19 per share.
The next earnings announcement is expected on Nov 12, 2021.
Average growth rate -11.25%
Bank of Georgia Group PLC reported annual 2020 earnings of 6.17 per share on Feb 25, 2021.
2021
Reported: --
Consensus: 12.35
High: 13.75
Low: 9.41
Analysts: 9
Average growth rate -9.26%
Revenue history & estimates
Bank of Georgia Group PLC had 2nd quarter 2021 revenues of 334.98m. This bettered the 319.00m estimate of the one analyst covering the company. This was 22.04% above the prior year's 2nd quarter results.
Average growth rate +9.99%
Bank of Georgia Group PLC had revenues for the full year 2020 of 1.09bn. This was 1.77% below the prior year's results.
2022
Reported: --
Consensus: 1.42 b
High: 1.57 b
Low: 1.21 b
Analysts: 8
Average growth rate +1.96%
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BGEO:LSE
PEEL HUNT RAISES BANK OF GEORGIA TO 'BUY' ('ADD') - PRICE TARGET TO 1,967 (1,644) PENCE
Fantastic results and very pleased with return of dividends. Reading through the report it also feels like a lot of positivity and optimism coming through.
Strong increase in nav also to over $900m too. Strong hold here and looking forward to a return to £20 + Share price
Consensus recommendation
Recommendations 29-Jul-21
Buy 4
Outperform 4
Hold 1
Underperform 0
Sell 0
Share price forecast
The 8 analysts offering 12 month price targets for Bank of Georgia Group PLC have a median target of 1,794.94, with a high estimate of 2,207.29 and a low estimate of 1,483.25. The median estimate represents a 21.77% increase from the last price of 1,474.00.
1.0k2.0k3.0k
? High forecast: 2 207.28549p
High 49.7% 2,207.29p
Med 21.8% 1,794.94p
Low 0.6% 1,483.25p
The next earnings announcement is expected on Aug 18, 2021.
With thanks
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BGEO:LSE
Hi Wadz, sorry for the delayed reply, there isn't one this year but the likely future (resumed) pattern of one single payment per year will probably reflect the previous pattern which I copy over from my control sheet, hopefully with a dividend increase beyond the last one:
BGEO Dividends
Latest Final only
Ex-Div 30-May-2019
Paid 28-Jun-2019
Amount 72.1623p
NMS 1000 as at 7/19 (LSE)
52 week range
734.00 / 1,479.52
YTD return 19.51%
1 year return 39.66% (London Stock Exchange a few minutes ago)
This has ended up as one of my biggest portfolio holdings and none has been sold since my first purchases in April 2018. I hold no pure UK banks as - in spite of Georgia being little understood widely - the basics look far better here. I've had good returns on BGEO overall but purely by averaging down and putting a full year's 2020/21 ISA allowance in last November. However I never got hold of any below £10.7763 due to own cashflow in lockdown. The other drip feeds purchases I've documented here.
Anyone know when the ex date is?
About time they started paying dividends, good results , back to pre pandemic figures.Come on board announce date..
Hi wadz I agree £20 may be more realistic this year but I'm also thinking the cash position and balance sheet net assets are far better now than at the start of 2020. We haven't paid divis now for 2 year ends and they will continue delivering significant quarterly profits fingers crossed. I think the net assets as at now are the equivelant of $160m stronger as at now. With quarterly profits of 150m gel, that could equate to a further $140m over next 3 quarters.
$300m stronger balance sheet should equate to £4.50 on the share price in q1 next year compared to q1 2020.
Sorry for waffling but very happy to hold this cash generative under the radar stock and looking forward to divi being reinstated
I think £20 might be more achievable this year. Surprised this stock isn't being pushed more by brokers!
Not sure if it will reach £25 by this year but I think £20 if definitely achievable. This stock seems to be going under the radar for some investors as I thought it might have been pushed more
Results are now as strong as pre covid and we have had 3 quarters of improving underlying results. Net assets are far stronger than pre covid as is cash. I'm personally aiming for £20 to £25. Reinstatement of dividend will certainly help this year
Positive 1st quarter results. Any predictions where the SP may head anyone?
Bought 533 BGEO - BANK OF GEORGIA GR ORD GBP0.01 at a price of 1,077.63p
Net Payable £ 5,777.49
Better price than before so counts as averaging down even though I should have put it through yesterday afternoon, the last report and most analysis (including Motley Fool - thank you) are positive, currency factors balance my UK GBP portfolio Smallcap earnings, interest rate factors / central bank hints are positive for the first time in many years so the global "sell Eurpean banks" attitude may come to an end and maybe even quite suddenly and make today look like bargain territory. Finally the likely resumption of dividends will be a push albeit probably factored in now and I still like the fundamentals here more than Lloyds & friends who are in a mature market in banking terms.
Don't forget that there's also little-known CGEO as well, effectively for us an investment trust for Georgia that was split off a few years ago, I have sufficient percentage there already so concentrate on BGEO.
Motley fool likes bank of Georgia
https://www.fool.co.uk/investing/2021/03/08/4-cheap-uk-shares-id-buy-before-the-isa-deadline/
It will get there in the end
Fairly decent results today given the situation. I think you have to remember, a lot of european banks have not recovered price since COVID hit last March. Its going to be a slow burn.
I'm invested in CGEO which apparently noone ever discusses and which owns 20% of BGEO... I'm pretty sad and stressed about the situation - politics extremely unstable right now, weak currency likely destroying a lot of profits in non-GEL terms, unclear central bank restrictions/recommendations...
I was very impressed by their investors day, their professionalism, diversification, innovation - they seem so much better than many western banks for both customers and investors. However you need to be pretty brave to stay invested in the country - which is also pretty dependent on tourism and remittances which are now almost dead. :(
Looking forward to results here in Thursday. I think the dividend will be reinstated and hopefully another quarter of strong results. Was lucky to get in at an average of £7.70 here and feel £20 is more than possible when we get back to some normality
Hate to think where this share would be if i had not won awards ,were all doomed i say doomed
Bought 1731 @ 1,149.2484p for full year ISA, see recent reasons given by other people and my postings 2019 to early 2020.
Very happy with this mornings results. This is ticking over very nicely and I'm very impressed with how management have handled this year. Latest rns confirms interest margin will remain stable moving forward which means q4 should also be in the q3 range. Very happy with that.
They have significant liquidity and over £500m of net assets on the balance sheet. Lending is up and no divis this year means cash will continue to grow. I am looking forward to divis resuming next year and continued sp growth to £20 +
These seem strong results generally bouncing back from Q2 CV19 issues. However dividend is not mentioned once in the document! (That I can see)
Hopefully a nice uplift in share price today
Q3 results are out tomorrow. Hopefully building on positive news from Q2
Well he’s done okay on buying shares yesterday. Adds a bit of confidence too that the deputy CEO is buying a few ;)
yes I've just noticed that the market seems happy with the results - interestingly it was down about 2% for several hours this morning