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Very nice....any ideas why the sudden change in attitude?
Not that I am complaining!
#SD235, Thank you for getting the elusive information, spreadsheet amended. Sorry I'm aware of TBC of course but have no particular knowledge as my holding here is substantial and doesn't justify a second Georgian company, if there was I know CGEO better. Regarding areas served - Georgia, Belarus, Hungary, Turkey, United Kingdom, Israel hindsight is a wonderful thing and market has already over-discounted for this geographical mix, which is why we get such good value in earnings terms and have to leave such things to competent share-incentivised management. Markets distrust dividends over 10% and in general prefer reliable growth annually which looks entirely possible, and capital growth as well from the currtent depressed level back towards the analysts' targets posted somewhere down below.
Ex-Dividend Date: 30 June 2022
Record Date: 1 July 2022
Currency Conversion Date: 4 July 2022
Payment Date: 14 July 2022
Alan-by-the-sea
But no where near the 148p dividend paid back in 2018?
Despite the very large increase in profits since?
As an aside what do you reckon to the other Georgia bank TBC?
With such a small population it appears they will expand outside Georgia.
Bank of Georgia's choice of Belarus...not a great choice!
While TBC choice Uzbek?
#SD235 - "Capital distribution. At the 2022 Annual General Meeting, the Board intends to recommend a final dividend for 2021 of GEL 2.33 per share payable in British Pounds at the prevailing rate. This will make a total dividend paid in respect of the Group's 2021 earnings of GEL 3.81 per share." (Part of BGEO announcement text today)
My spreadsheet (expections only!) have had for some time Ex-Div Th 27-May-2022 Paid Fri 24-Jun-2022 but obviously we'll get the definites soon. The prevailing rate if paid today would equate to 62.4 GBp which for me is all in ISA and SIPP now rather than paying the gas bill......... We had 34.2442p last November so nicely does it and makes up for the volatility,
Like you I bought when the price got silly downwards after my GSK shares in ISA got to around its (then) year's highs and reached my target for sale, that's how diversification is supposed to work but rarely does. I managed about £9200 in one go but like I had to try multiple times as the EMS (Exchange Market Size) of 1000 shares which is supposed to be available at all times is a bit of a joke if the Market Makers just want to buy for themselves (or clients after hours). On about the 15th button push I finally got there. It's a fraction more expensive to do that but it typically attracts a lot of copycat bots following trends so it's probably worthwhile. Good luck, we're not alone as private investors but sometimes it feels like it.
I can't find anything in the rns about a dividend? Maybe it will be in today's conference.
Still at a slight loss on share price but its going in the right direction.
Good for Georgia capitals NAV
Profit increase 104 million to 174 million in 5 years.
Any UK bank come anywhere near that?
Any UK bank on P/E 3.9
Yep right direction
Pity Georgia capital is going in the opposite direction!
Look like the share price is beginning to move in the right direction.
Any views on the size of future dividends?
I think I read somewhere that they they intended to pay 40% of profits as dividends??
174.21 66.24 132.99 112.17 profit increases in £ last 4 years.
4 years ago £112 million dividend 148p at today's price 12%.
PE ratio 3.7%
Mad!
Strange market here possibly a bit of a bear trap with the market trying to tempt sellers whilst building up their stock (they have little to sell ?).
Price has come off past few days .
I could sell a decent chunk 20-40k shares today at a pretty poor rate 1170 to 1180 wish (meaning market wants to buy)
Yet hard to buy in any quantity, I managed three lots of £1400 at 1174 today and similar yesterday ay 1180 (meaning not much stock for sale)
Supply and demand means this will move back sharply in the next days, especially so if there is a strong market and even more if Ukraine news .
Very good long term, buy with great yield - perfect ISA share .
Bought at 1190 (average).
Wouldn't let me £4000 worth had to change to £3000.
Should have dome this - up 7% today. Damn.
If it reverts to its previous dividend at Fridays price it would work out at 12%.
Any reason why it wouldn't?
Just saw this. I buy shares someone sells 2 million pounds worht. Great.
I'm tempted to get in here but does anyone know what's the cause of this sharp fall?
Is it the links with Belarus? Will sanctions hit them?
Just filled me boots at £12.66 crazy price. GLA
Not sure why this dropped this morning but happy that it did. In at £13.65 wasn't quick enough for lows.
Well done to all at bgeo. Great results and another healthy divi. Yield of circa 6% at this price + share buyback to come. Please initiate now whilst SP so low.
I've been in and out of this one several times. Just opened a new position, based on the excellent results and strong balance sheet. Net-cash, record operating profit, low valuation all seems very attractive.
Bank of Georgia Group PLC
BGEO:LSE
Price (GBX) 1,560.00 Today's Change 0.00 / 0.00% Shares traded 2.07k 1 Year change +71.81% Beta1.5606
Recommendations 15-Oct-20 07-Oct-21
Buy 4 6
Outperform 4 3
Hold 2 1
Underperform 0 0
Sell 0 0
Share price forecast
The 9 analysts offering 12 month price targets for Bank of Georgia Group PLC have a median target of 1,912.40, with a high estimate of 2,453.19 and a low estimate of 1,486.12. The median estimate represents a 22.59% increase from the last price of 1,560.00.
High 57.3% 2,453.19
Med 22.6% 1,912.40
Low -4.7% 1,486.12
Earnings history & estimates
On Aug 17, 2021, Bank of Georgia Group PLC reported 2nd quarter 2021 earnings of 4.19 per share.
The next earnings announcement is expected on Nov 12, 2021.
Average growth rate -11.25%
Bank of Georgia Group PLC reported annual 2020 earnings of 6.17 per share on Feb 25, 2021.
2021
Reported: --
Consensus: 12.35
High: 13.75
Low: 9.41
Analysts: 9
Average growth rate -9.26%
Revenue history & estimates
Bank of Georgia Group PLC had 2nd quarter 2021 revenues of 334.98m. This bettered the 319.00m estimate of the one analyst covering the company. This was 22.04% above the prior year's 2nd quarter results.
Average growth rate +9.99%
Bank of Georgia Group PLC had revenues for the full year 2020 of 1.09bn. This was 1.77% below the prior year's results.
2022
Reported: --
Consensus: 1.42 b
High: 1.57 b
Low: 1.21 b
Analysts: 8
Average growth rate +1.96%
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BGEO:LSE
PEEL HUNT RAISES BANK OF GEORGIA TO 'BUY' ('ADD') - PRICE TARGET TO 1,967 (1,644) PENCE
Fantastic results and very pleased with return of dividends. Reading through the report it also feels like a lot of positivity and optimism coming through.
Strong increase in nav also to over $900m too. Strong hold here and looking forward to a return to £20 + Share price
Consensus recommendation
Recommendations 29-Jul-21
Buy 4
Outperform 4
Hold 1
Underperform 0
Sell 0
Share price forecast
The 8 analysts offering 12 month price targets for Bank of Georgia Group PLC have a median target of 1,794.94, with a high estimate of 2,207.29 and a low estimate of 1,483.25. The median estimate represents a 21.77% increase from the last price of 1,474.00.
1.0k2.0k3.0k
? High forecast: 2 207.28549p
High 49.7% 2,207.29p
Med 21.8% 1,794.94p
Low 0.6% 1,483.25p
The next earnings announcement is expected on Aug 18, 2021.
With thanks
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BGEO:LSE