Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dr James Fox of Motley .
writes this .
And while Russia and Ukraine were Georgia’s biggest trading partners before the war, the conflict seemed unlikely to derail the surging Georgian economy.
So I bought shares in the Bank of Georgia (LSE:BGEO) and its peer TBC Bank. The latter has been good to me too — up 75%. But today, I’m focusing on the former.
Huge returns
The two Georgian banks were trading like distressed stocks in March and April. So, for many investors, these firms could have appeared risky investments. However, thanks partially to my personal exposure to the country, I didn’t see it that way.
So, in early April, I bought Bank of Georgia for a little over £12 a share. The stock had plummeted around 50% in the preceding months.
Banks, like many other stocks, often reflect the health of the indigenous economy. And instead of economic decline, the Georgian economy has continued to soar. Ironically, and much to the dismay of many its local population, Tbilisi is now filled with Russians escaping sanctions and Putin’s draft. But they are contributing economically.
Last week, Bank of Georgia reported a rise in third-quarter pre-tax profit to £103.26m, with its performance underpinned by wider growth in the Georgian economy. The Q3 figure represented growth of more than 33% year-on-year.
Georgia’s second-largest bank also benefits from higher interest rates. Net interest margins rose 30 basis points year-on-year to 5.3% in the quarter, although it was flat on the quarter.
So now, seven months after I bought into Bank of Georgia, the share price is currently £24. So I’m up 100%, including fees.
............
Why didn't I top up lol
At last I have been up 100% on BGEO multiple times but this is the first time for me it has finished 100% up. 103% to be exact.
Says they are not sellers as they agree with analyst's price of value of £40 a share.
Exchange rate for upcoming dividend which is 1.85 lari
"The Group hereby confirms that the National Bank of Georgia’s Lari/Pound Sterling average exchange rate for the period of 3 October to 7 October 2022 was 3.1671 and it shall be used to pay dividends to ordinary shareholders of the Group on 20 October 2022."
Help i have a hangover i make that 58.5p?
If not please show your maths.
In fact show your maths anyway?
As I read it Georgia health was demerged from bank of Georgia before Georgia capital. When Georgia capital was demerged it held 66% of the shares of Georgia health. Georgia health did badly on the UK stock exchange so was bought back. I think we can only sell companies to other companies as there is no demand for Georgian companies on theUK stockmarket. Even bank Georgia trades on a p/e of 5 and Georgia capital is on at least a 60% discount.
I think the only way to increse share price of Georgia capital is to pay a dividend but buy backs on a 60% discount have to come first.
I was unaware of this Merger of Georgia Capital & GEORGIA Health
Georgia Capital demerged from Bank of Georgia I think .
( Bank of Georgia Group PLC which appears to have split in two to form Georgia Capital PLC on 18 to 29/5/18
New shares did not show until 1/7/19 maybe suspended ? )
Both added together I am approx even over both as of today .
I am wondering how the huge increse in what amounts to refugees will affect the country and hence the bank. Georgians not happy with the rent increases in Tablis.
Conversion rate set over 1 week period starting Monday its average for the week. Actual Conversion take place 10 days before pay date.
Exchange rate is now moving in the wrong direction...bugger!
Middle price so far this week 58 to 59 (1.85 lari)
https://georgiatoday.ge/call-for-military-service-is-announced-in-occupied-abkhazia/
Maybe related
Georgia capital didn't fall as far.
Interim increased 25% increase in Georgian Lari.
Sterling down Lari up. The latter is more important it's up against Dollar Euro just about every currency.
Last year's interim 34p this years 55p.... according to Hargreaves Lansdowne and a couple of other sites. The problem with that is the conversion date is 10 days before dividend payment date. Which is the 20th October (payment date). Dividend is 1.85 Lari. Which converted today is 61p.
Now previous interim dividend was 34p next 61p that is considerably more than 25%. Have I worked this out right 79% higher??
Looks like some seriously large director buying. Over £1m ?!
https://www.investegate.co.uk/bank-of-georgia-grp--bgeo-/rns/director-pdmr-shareholding/202209021656211703Y/
Seems to ignore the rest of the market. Thinking of buying Georgia capital on its 55% discount that should follow eventually.
Up 2.5% today. When will stop rising?!!!!
No time soon, I hope.
Up 61% today freetrade have me down 10%.
They are the worst site I have come across.
Dire so dire.
That's better 1.74%.
Still I expect at least a 4% gain every day!
Reasonable I think.
WHAT IS GOING ON a miserable 0.74% rise in the share price! Might as well and buy....?
I might be wrong.
There has to be a first time!
Where's the profit taking (me excepted-took mine)?
Now want back in cheaper :/
Of interest
https://www.thearmchairtrader.com/bank-of-georgia-russia-ukraine-growth/
I think I might sell some legal and general and buy more BOG and Georgia capital.
I wish I could find some negatives!
8/11/17 I mean
22/17 buy 5/18 must have been the split
It holds the prce back at the same time as being the cause of the profit and indirectly the superior exchange rate and balance of payments. Georgia is on the Russian 'silk road' to Syria and maybe onwards via the Med for Ukraine exports via the Black Sea but also a destination for Russians on holiday or escaping sanctions with a BGEO bank account. All gleaned from the half-year report.
Only 14.8% down from 5/18 buy
Given the market carnage surrounding it.
This is ridiculous!. Pushing 60%!
I have been going through TBC (the other Georgian bank) it is much closer to its previous high.
To reflect the increased profits both would need to go considerably higher.
I expect the invasion of the Ukraine will hold the price back.