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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
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