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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
I have to say I first heard about bgeo in one of those garbage MF articles.
But it tempted me. Only wish I put more in.
I'd still choose bgeo vs all UK banks for example. The growth prospects are much better.
. I'm thinking of a top up.. But this damn SP rise makes it difficult!
Early 3000 now 3800-3900
Are we buoyed up by Russian money/migrants; I used to read https://www.lse.co.uk/chat/general/general/1D3531D6-391B-42B4-9C9C-C9F8383D0BB8.html?page=15 but Madpunter has stopped his posting. I have always thought BGEO was a conduit for a more respectable Russian investor rather than Putin backed one.
Short 3700-3800 (technical) medium 4200-4800. Im out today with chart stuff mainly but will re-enter early 3000.
I can't believe how quiet this board is for such a great share. Good to see it rising back about £30 today - any views on short/medium/longer term price targets?
What caused the drop in sp today???
Nice strong push to £30 courtesy of Barc. I think this still has a little further to go
SD agree on your post there, the more the banks stop lending the sooner they will stop. I've started slowly averaging into gilts as a long term play here as I think once they pause there could be a few consecutive cuts. Central banks did not give rises a chance to work before pushing ahead and as we know it takes about 6 months for the increase to have an impact.
Nice little move today, we are nearly there at the £30. GLA
January inflation 9.4% February 8.1% March 5.3%
Monetary policy Committee meet 10 May.
If they reduce interest rates then the lari will fall.
It's not inevitable that they will reduce interest rates.
But I would say sooner rather than later.
I've been in bgeo since £9.50 think it's fill your boots time, these are a steel at £24 , £30 plus all day long. I'm adding and tucking away in SIPP and forget for 12 month's. Banking stocks are getting mashed when there is blood on the streets buy. I bought barc, lgen, av, dlg. If they go down again I'll buy more, averaging is the key. This is like 2008 all over again. If you can buy and forget it's a January sale lol gla. Only thing to think is Hospitality is strong look at jdw?
Big fall today but not in Georgia capital.