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Inflation now 8.1%. falling fast.
When will interest rates fall and hence exchange rates?
I am afraid I sold all for a very nice 118% gain plus 9.9% dividend.
Inflation has fallen 10.4% 9.8% 9.4%
Base interest rates are still 11%
When they are reduced the Lara will fall and BGEO share price will fall and Georgia capital.
Based on the attitude to inflation coming from there monetary policy committee I would doubt it would be reduced before it gets to 8% maybe 7%.
Before it reaches those lows the market will anticipate the fall and Lara will fall.
I am waiting for that point then I will buy back.
Sold the second tranche I bought 1st July 2019 for 1487p for 3000p
The first buy 18/5/2018 was at 3374p so that one still under ?
An example of PATIENCE eventually paying off and averaging down after a 50% fall can work .
5 years since first buy .
Two RNS This morning sent share up 10%
16th Feb 2023 7:00 am BBOGG PLC 4Q22 & FY22 preliminary financial results & BBOGG PLC announces extension of share buyback.
Good to see no dross posts here easy finding my last posts in October / November last year .
SD235 points out a good dividend maybe one for the ISA after tax changes .
My first buy might be before the Georgia Capital demerger so added together maybe I am not under .
From below might of been reason I bought them as the first buy looks around the time of demerger .
At the Motley tip below in November 2022 the share was 2750 so buying into the rise it has made another 9%
smad
All its business ( Belarus included) the rules are set by the sovereign Bank of Georgia. So uk deregulation will have nill effect on it. None whatsoever.
Because it's a bank...in the UK..
small
"Hope this will get a boost from the UK bank de-regulation news"
Why would it?
Hope this will get a boost from the UK bank de-regulation news
I was up 115% last week. Up 107% today nothing spectacular.
Double volume of buys than sells, price going down?
That's in £
And another 1 million
Can't be bothered going back. See RNS.
One of the management sold £2,000,000 plus worth of shares
I wish I had bought more Bank of Georgia instead of increasing my holdings in Georgia capital. Up about 5% while I would guess I would have an extra 30% possibly more if I had bought Bank of Georgia instead AND a huge dividend. BUT Georgia capital is on about 65% discount at the moment. Far to cheap
https://youtu.be/O0QLt5bpBYU
At the end of the interview he gives his 4 share to buy. Georgia capital is the last one.
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.