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Damofarl
The comment was directed at manphibian and not you
He is obviously not very keen on any alternative view on BGEO
Asartara; Who got upset? Not me.
I'm a big fan of disprate views, and a fan of both the banks you mention (amongst others).
I personally don't think your view (on BGEO) is that alternative.
I did not say that BGEO was not good value
Just saying that there are other very good value banks out there and BGEO has become relatively expensive when compared to these other banks
For example both BGEO and Halyk have about 35% of their domestic markets
But the Kazakhstan GDP is about 8x the size of the Georgia GDP
And yet the Halyk market cap is less than 2x the BGEO market cap
And the forecast PE is less than 3
Or if you are looking at only UK banks, STB is on a forecast PE of less than 3 and a price to book of less than 0.4
BGEO has a price to book now of 1.4
A forum is a place for all views so no need for anyone to get upset if there is an occasional alternative view
Ethical; agree your points on BGEO and CGEO both of which I hold.
Whilst BGEO is a dominant fish in a small pond, ergo how much can they 'grow' there, I see this purchase as BGEO leveraging their capabilities into being a regional powerhouse, and as such there is more growth to come from BGEO.
The growth/crystallisation of value in CGEO will, in my opinion, be greater ithan BGEO's in the interim, because their other holdings are so unappeciated (currently). Holdings that I calculate back of an envelope style, EXCLUDING BGEO 's contribution, are already yielding the equivalent of around a 6% dividend
My strong opinion is that the pharmacy arm will be floated/spun out in the next 18 months, and like BGEO they will retain a large stake. Ultimately, I see CGEO morphing from a private equity style house into an investment trust, holding sizeable influencing holdings in a plethora of companies.
Both have been great to me, and both have more to offer. I for one, am also heavy Georgia, but I will remain so, as Georgia is not on my mind, Georgia, to me, has been kind.
Asartara; quality is rarely cheap. This is quality AND cheap.
A quick scan through your posting history shows you constantly go in to the boards of rival companies to those that you're invested in, saying they're overpriced compared to the one you own, which you mention.
Pretty transparent, and pretty lame.
Be better.
As for this share price, after completing a takeover of another bank for cash, revenues will soar, as will the shareprice here.
Maybe worry about your own investments.
This is starting to look quite expensive now when compared to other value banks such as STB and Halyk which are both on a forecast PE of less than 3
Not far off the £50 mark now. It wouldn't surprise me to see a share split coming soon. GLA
Agreed, Georgia is a beautiful country. The older folks have that Soviet stern faces, but the moment you smile at them they break out into broad smiles too, and are so hospitable. The only negative is their ridiculously dangerous macho driving! I’ve been twice, and also a road trip round Armenia which is beautiful too. 👍
If they own 20% of a £2bn company - thats makes up 80% of cgeo market cap...alongside geo it has some very nice portfolio companies with dominant positions in Georgia (though its a very small market). given the weighting of BGEO now in my portfolio i'm a tad over exposed to Georgia - lovely country if you ever have the chance to visit.
Interesting comment re: CGEO, although I'm not sure I follow your comment about growth - CGEO has risen 44.64% over the past year, versus CGEO rising 47.50% in the past year - v v similar growth in percentage terms.
I also like the look of CGEO, particularly if you haven't already bought in to BGEO. CGEO holds a 20%-ish stake in the Bank of Georgia and has risen at nowhere near the same rate. Results are also out this Thursday which I expect to be pretty decent.
Lots of potential here for sure.
Mkt cap at just under 2 bln in a growing economy. Look at a UK bank like Lloyds at more than 10x that... Long way to go. No issue loading up on this stock
One of the few good UK shares... Obviously not based in the UK.
The chart is a lovely slow steady constant increase.
Onwards and upwards + that dividend is always impressive
Market is loving the news of the acquisition today :) Full year results and dividend declaration this week. Onwards and upwards.
Unfortunately i'm a little later to this party than all you lot, but this looks a great company to be involved with.
It's going to be a long term hold for me as Georgia makes its way towards joining the EU I can see this only going one way.
Well well well let's see what happens, I still stand by my £50 target. GLA
The market seems to like it thus far, given the healthy rise this afternoon to £40!
(Sharecast News) - Bank of Georgia confirmed on Thursday that it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank.
Responding to press speculation, the bank said the potential transaction would be financed with surplus capital, without changing the company's dividend and capital distribution policy.
"The company will update shareholders as to progress made in relation to the acquisition as and when appropriate," it said. "There can be no certainty that a transaction will be signed nor, if signed, concluded."
Hi Ripley, yes I did close my short in DLG in June.I opened a long in DLG in Nov @168 I'm looking to average into a long term hold on this for SIPP. I might be wrong but I think they will reinstate divi soon. Premiums are through the roof at the moment
Sorry DLG
Just had a look at your history Clarkcp out of interest did you close the DLR short of May this year .
Was fortunate to buy these when they were silly price so I won't ever sell unless something political happens but IMO worth £50 all day long
I see from this site PE ratio is 3.498519.
Yield down to 3.2%
All out today for 3750p 9.30am up to 3850p 3.30pm .
The first buy 18/5/2018 was at 3374p approx 11% gain over the 5 1/2 years , a little above the target set after February sell.
That the top up after big fall on 1st July 2019 for 1487p sold for 3000p over 100% gain over 4 1/4 years .
Divs wile I waited I can see from posts below 9%.
Hope for all my other paper losses with the help of God.
They fell back after the February slice to a low of 2395p mid March 2023 , I did not order a buy .
Would of been better then others I chose at the time .
Hinsight , might change in the future .
Also.
With it being very quiet.. Its there still plenty of room to grow? Forward PE looks great for example