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Ethical; agree your points on BGEO and CGEO both of which I hold.
Whilst BGEO is a dominant fish in a small pond, ergo how much can they 'grow' there, I see this purchase as BGEO leveraging their capabilities into being a regional powerhouse, and as such there is more growth to come from BGEO.
The growth/crystallisation of value in CGEO will, in my opinion, be greater ithan BGEO's in the interim, because their other holdings are so unappeciated (currently). Holdings that I calculate back of an envelope style, EXCLUDING BGEO 's contribution, are already yielding the equivalent of around a 6% dividend
My strong opinion is that the pharmacy arm will be floated/spun out in the next 18 months, and like BGEO they will retain a large stake. Ultimately, I see CGEO morphing from a private equity style house into an investment trust, holding sizeable influencing holdings in a plethora of companies.
Both have been great to me, and both have more to offer. I for one, am also heavy Georgia, but I will remain so, as Georgia is not on my mind, Georgia, to me, has been kind.
Not far off the £50 mark now. It wouldn't surprise me to see a share split coming soon. GLA
Agreed, Georgia is a beautiful country. The older folks have that Soviet stern faces, but the moment you smile at them they break out into broad smiles too, and are so hospitable. The only negative is their ridiculously dangerous macho driving! I’ve been twice, and also a road trip round Armenia which is beautiful too. 👍
If they own 20% of a £2bn company - thats makes up 80% of cgeo market cap...alongside geo it has some very nice portfolio companies with dominant positions in Georgia (though its a very small market). given the weighting of BGEO now in my portfolio i'm a tad over exposed to Georgia - lovely country if you ever have the chance to visit.
Interesting comment re: CGEO, although I'm not sure I follow your comment about growth - CGEO has risen 44.64% over the past year, versus CGEO rising 47.50% in the past year - v v similar growth in percentage terms.
I also like the look of CGEO, particularly if you haven't already bought in to BGEO. CGEO holds a 20%-ish stake in the Bank of Georgia and has risen at nowhere near the same rate. Results are also out this Thursday which I expect to be pretty decent.
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."