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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
Agreed...very happy holding this and Tbc bank for the long term.
Excellent dividends and potential for substantial share price growth as the business and economy of Georgia grows.
Will anyone be joining the conference call ? Be interested in any feed back as I won’t manage today.
excellent results and future looks bright as well
Very happy with results this morning, market is so far and in the £13.80s as I write though LSE is of course delayed by 15 minutes. As stated here before, factors in play that UK retail banks could only dream of :-)
If the markets want to zoom in on some negative factor (eg depreciation of GEL against USD) then a few of us here who are private investors will keep this as a hidden gem and its true value, and top up as funds come available. If the positive factors cause an overdue rerating (who knows with BGEO?) then we have some capital gain to go with our dividends as reward for our patience.
No Georgexit worries and at this afternoon's prices very willing to pay a florin higher for another bite of the cherry:
25-Oct-19 16:14:58 1,275.9893 215 Buy* 1,274.00 1,276.00 2,743 O
25-Oct-19 16:14:32 1,275.9893 261 Buy* 1,274.00 1,276.00 3,330 O
Mine is the lower one, as the top one isn't from a computer someone else must've been very fast watching a live screen for late trade direction and done a copycat, as there was then a gap for almost 7 minutes :-)
I look forward to my 72.1623p approx or perhaps more next June, somehow I don't think Lloyds will offer that 5.66% any time soon in my deposit account.
Still has all the plus points of months of postings even after another retrace, this must be the only share on LSE where this happens and there are no derampers telling us how obvious the stormclouds are and clever they are :-) All of my other holdings I know 90% of the factors causing the charts - this one 9%. All I can say is keep faith, the fundamentals IMO remain excellent as hidden gems where only a few are aware, and average down if you can. I have! This one is my buy coming through soon, I was three minutes too late for £12.64:
25 Oct 2019 14:27 1,266.02 229 £2,899.19
Wise owl, exactly the conundrum I posed three postings down, in several years I've not seen any really conclusive explanation either but happy to hold and collect the dividends, with all the positives I've bored readers here with.
Obviously BGEO moves based on actual profitability and prospects, not as much as it should of course but I'm biased! It seems to move mainly with the popularity and interest rates of European and UK banking sectors, but also the GBP and GEL (Georgian Lari) exchange rates to USD and between each other. Lesser factors are generic "emerging market" experiences, and ups and downs of Russia as neighbour and trade coverage. Shares Magazine and several Motley Fool analysts are usually positive, indeed they should be, part of their role IMO its to guide their readers away from obvious banking paths into lesser-known areas with (IMO) more stability and good prospects (and good price spread!), without being slanted by own commission aspects.
If anyone pinpoints any more than this or works on the question with data and produces a chart, please let us know results!
Was the gain today due to uk banks performing well or is it more to do with Fx movements? I often see this up or down 3-5% but there is never any articles online to explain why. The chart for this looks like it shares a relationship with the GBP/USD so I wonder if the bank revalues with the USD?
Just opened a position here (thx Alan for the heads up via ITV) hopefully some quicker returns than my UK banks !
This is a share which is a brilliant one for private investors able to take the choppy waters, top up and be patient because its lower end is purely related to global factors of buying or selling the FTSE250 and huge globals financial institutions deciding to buy or sell "European Banks", the strength of the dollar, US interest rate expectations etc, I've stopped trying to predict or evaluate them. Substantial share price moves are completely unrelated to BGEO profitability and simply based on whether the sector is unloved or very unloved.
The posters here, the Shares Magazine and Motley Fool commentary are spot on, it's frustrating at least at present for shareholders and management not to see that reflected in the share price, and for me not to have much in the way of spare funds or dividends to take advantage.
BGEO just gets on with what it knows best, doing well with TBCG as duopoly in its own niche market of Georgia, in spite of Russia next door still less controversial than flashy MTRO and other supposed niches with their spin and failings making them predator targets for short sellers. The end markets for Bank of Georgia and regional underbanking enable earnings, growth and margins without PPI distractions in the middle of a downturn that the likes of LLOY and BARC could only dream about. Massive value must come out in the end, and I'll enjoy excellent rising dividends while I wait.
Well it’s broken below 13 again but I’m not concerned. If it drops further I’ll be in again for more as this is a long term hold for me for dividend and hopefully share price rise over the coming years.
Hoping we stay above the £13 mark seems to be a level of support but wouldnt be good to break below. This morning a good opportunity to top up, unfortunately no funds to add. PE of 4.9 unbelievably cheap.
...a few more today for my long term, dividend stash when it dropped below 1300
Thought this and TBCG would be following the British banks and motoring on. Seem to be in the doldrums the last while.
Exactly mirrors my own view still as loyal holder, it almost feels as if trading is based on interest rate expectations in other areas rather than actual earnings and prospects in Georgia. I don't like extracting too much but so worth repeating and it's high up on my "top up from all dividends received by portfolio" list at this price:
(Start quote) As one of the biggest banking operators in the Eurasia region, this particular one can be confident of producing strong and sustained profits growth as population levels rise and GDP growth clicks through the gears.
The firm’s robust earnings potential was illustrated in the first half of 2019 when pre-tax profit ballooned 36.9%, a period when strong trading at its retail bank helped the loan book swell 30.5% year-on-year. Even as issues like rising competition and tighter regulation bite, it’s clear Bank of Georgia is capable of delivering some truly stunning profits growth.
Yet despite this, the FTSE 250 firm currently boasts a dirt-cheap forward P/E ratio of 5.4 times, suggesting (to me at least) it’s being shockingly undervalued by the market. Combine this with an inflation-bashing dividend yield of 6% and I reckon Bank of Georgia is a top buy for contrarian investors.(End quote)
https://uk.finance.yahoo.com/news/cash-isa-poorer-d-rather-075758236.html