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Your buy in has gone well.
The share price was always to low ( like so many ) I’m hoping the worst of the covid damage to results are in and results in future will, slowly, improve..
The cloud on the Horizon is the situation in Belarus where BGEO has business - I am not sure what % of their total income comes from Belarus though.
I have bought back in this morning so lets see. I am hoping for a good dividend in 2021 perhaps including some money from the 2019 dividend which has not been paid.
I’m a big fan of the bank.
I know it’s not an issue this year but I do hope they consider spliting the dividend next year to pay twice a year instead of the once.
I agree Vulcan. Surprised there hasn't been further reaction here. A solid result in the circumstances. Happy holder here and looking forward to dividends and capital growth in due course
These results look good to me.......they had one bad month due to covid and then two months recovering.
I sold out of BGEO at the start of 2020 and may well invest again on the basis that dividends will start again in 2021, and thr share price will be going up
Anyone have any views?
I expect SP to recover in short term and Georgian economy to be relatively less impacted by the lockdown compared to other countries. Hopefully back 1200p soon.
Georgia Capital have the health business
Is this a half price sale or is the Georgian business scene dire? I would expect a less developed nation to be resilient and maybe the health assets to perform well.
Bugger no Divis no wonder its dropped. Wish i'd sold, but had some hedging.
LSE Need to look into insider trading deputy CEO sold £459,000 shares on 4th March , 12 days later announced no dividend payment. Shares crashed.
BGEO Boards of Directors should all be sacked along with CEO. Announces no dividend at the same time shares are falling.
Lost company about 150 to 200 million in value due to that announcement, why not wait to see what happens in the market ,could have left till end of May and announced deferring dividend date till later in the year. Bunch of idiots.
Wish I'd brought some more back when it was under £16, but nice pop today with dividends to come later in the year
Very good results - all positive metrics with large increases in profit and turnover.
The only negative metric I can find is the Net Interest Margin but the text explains that this is due to seeking out higher quality loans to fund.......
Quite good progress since I last wrote below, and the market seems to be accumulating a few over the past few days prior to the results which is probably a good sign. Royston Wild has picked up on the strengths and weaknesses well in his article:
https://www.fool.co.uk/investing/2020/02/07/forget-lloyds-and-barclays-id-rather-buy-this-banks-big-dividends-for-my-isa/
£1,552.60 spare from a dividend paid today so another 110 in the kitty @ £13.99955.
Mr Market is back to being illogical and mysterious, so still happy simply to take advantage of the excellent value since the same people were happy to pay £15 a few days ago after the pleasing results and nothing much has changed. IIRC Shares Magazine (probably the issue of 14 Nov) had BGEO the best value of all the FTSE350 when analysed via fairly familiar criteria in a table along with Aviva etc.
Nice UT moved the price up- seems to have momentum.
Peel Hunt BUY price target 1900p
Agreed...very happy holding this and Tbc bank for the long term.
Excellent dividends and potential for substantial share price growth as the business and economy of Georgia grows.
Will anyone be joining the conference call ? Be interested in any feed back as I won’t manage today.
excellent results and future looks bright as well
Very happy with results this morning, market is so far and in the £13.80s as I write though LSE is of course delayed by 15 minutes. As stated here before, factors in play that UK retail banks could only dream of :-)
If the markets want to zoom in on some negative factor (eg depreciation of GEL against USD) then a few of us here who are private investors will keep this as a hidden gem and its true value, and top up as funds come available. If the positive factors cause an overdue rerating (who knows with BGEO?) then we have some capital gain to go with our dividends as reward for our patience.
No Georgexit worries and at this afternoon's prices very willing to pay a florin higher for another bite of the cherry:
25-Oct-19 16:14:58 1,275.9893 215 Buy* 1,274.00 1,276.00 2,743 O
25-Oct-19 16:14:32 1,275.9893 261 Buy* 1,274.00 1,276.00 3,330 O
Mine is the lower one, as the top one isn't from a computer someone else must've been very fast watching a live screen for late trade direction and done a copycat, as there was then a gap for almost 7 minutes :-)
I look forward to my 72.1623p approx or perhaps more next June, somehow I don't think Lloyds will offer that 5.66% any time soon in my deposit account.
Still has all the plus points of months of postings even after another retrace, this must be the only share on LSE where this happens and there are no derampers telling us how obvious the stormclouds are and clever they are :-) All of my other holdings I know 90% of the factors causing the charts - this one 9%. All I can say is keep faith, the fundamentals IMO remain excellent as hidden gems where only a few are aware, and average down if you can. I have! This one is my buy coming through soon, I was three minutes too late for £12.64:
25 Oct 2019 14:27 1,266.02 229 £2,899.19
Wise owl, exactly the conundrum I posed three postings down, in several years I've not seen any really conclusive explanation either but happy to hold and collect the dividends, with all the positives I've bored readers here with.
Obviously BGEO moves based on actual profitability and prospects, not as much as it should of course but I'm biased! It seems to move mainly with the popularity and interest rates of European and UK banking sectors, but also the GBP and GEL (Georgian Lari) exchange rates to USD and between each other. Lesser factors are generic "emerging market" experiences, and ups and downs of Russia as neighbour and trade coverage. Shares Magazine and several Motley Fool analysts are usually positive, indeed they should be, part of their role IMO its to guide their readers away from obvious banking paths into lesser-known areas with (IMO) more stability and good prospects (and good price spread!), without being slanted by own commission aspects.
If anyone pinpoints any more than this or works on the question with data and produces a chart, please let us know results!
Was the gain today due to uk banks performing well or is it more to do with Fx movements? I often see this up or down 3-5% but there is never any articles online to explain why. The chart for this looks like it shares a relationship with the GBP/USD so I wonder if the bank revalues with the USD?
Just opened a position here (thx Alan for the heads up via ITV) hopefully some quicker returns than my UK banks !