Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sd235; well slowly but surely it is rising. One for the patient this, but there is deep value and oppurtunity here. This may be the tortoise that catches the (BGEO) hare.....
How cheap does company have to be?
I wouldn't mind but I bought bank of Georgia at the same time it's up 100% plus.
https://youtu.be/O0QLt5bpBYU
At the end of the interview he mentions Georgia capital.
I doubled up on these instead of bank of Georgia. A mistake at least in the short term.
Ridiculous discount.
Georgia Capital also a choice of former fund manager Ken Baksh in this interview, although I think he picked this up earlier. About 20 minutes in
https://youtu.be/O0QLt5bpBYU
Up 8.5% after webcast. Said during webcast discount 70%
NAV up 8.2% in Lari but about 20% in sterling (not sure I remembered that correctly).
Hospitals and clinics still holding them back as they have not fully converted back to precovid work load.
Spread getting very large.
Nearly 5% been around this for at least a week.
Buy backs reduced the free float? Institutes not selling, retail investors are the free float.
Bugger.
May or may not be related.
https://georgiatoday.ge/call-for-military-service-is-announced-in-occupied-abkhazia/
Bigger fall bank of Georgia
An extremely risky investment policy. Specially as I also own bank of Georgia. I have yet to bother to work out my overall allocation to Georgia. With my allocation to Vietnam my allocation to frontier markets is clearly pushing my luck. But the discount on Georgia Capital is ridiculous. I am assuming that sooner or later it will narrow. I suspect the latter to be the more likely.
Odd do we really want the share price to go up....... before they have used up all the buy back cash?
Paying 40p for £1 worth of assets shouldn't be a difficult call!?
Starting to show a bit of positive movement
Sold my legal and general in my sipp bought Georgia capital.
UP
I think it's time for this share to start moving.
I am inclined to sell out of some of my shares. Specially legal and general. Which have a beta of 1.5. Despite being a beneficiary of higher interest rates. Presently up 62% on bank of Georgia. Fair chance Georgia capital will follow
Bank of Georgia heralded the strong Georgian economy in its update to the market. We are at 55% discount to NAV - keep the buy backs coming CGEO!
Can't find the link to todays webcast. Anyone help?
SD, arguably even wine is a staple :)
Can't say I've ever had the pleasure of a Georgian Vintage however.
It's defensive in the verticals: Hospitals, insurance, clinics, pharmacy, education, renewables, utilities --- mainly boring businesses, but in an interesting economy.
Defensive play as in?
It's holding are (other than wine) are definitely in the Consumer defensive/staples sectors.
I think CGEO is getting tarred with a Russian brush. But value will out. It's also good for diversification and is quite a defensive play in the current uncertain env't.
I found this article very insightful as to the complexity of the political situation but interesting too that there appears to be a brain drain of skilled Russian seeking to move to a democratic, free country.
https://globalvoices.org/2022/08/12/georgia-and-russia-spar-with-online-bullying-historical-grievances-and-visa-regulations/
Agricore
Market doesn't think much of it.
Odd as bank of Georgia just keeps going up.
Plus paying Georgia capital large dividends.
The accounts were to June so its share price has moved up considerably since then.
Transfers from Russia to Georgia are also a record. According to the latest data, almost 700 million US dollars have been transferred from Russia to Georgia. Many Russian citizens acquire property and register businesses in Georgia. Private Russian schools and kindergartens will be opened by September. Most of the prestigious restaurants play Russian music.
What can be connected with the abundance of Russian tourists in Georgia?
https://www.interpressnews.ge/ka/article/722447-giorgi-kunaze-rusetis-rezhimis-kraxi-gardauvalia-dges-ukve-cxadad-chans-rom-es-mxolod-drois-sakitxia
thanks to https://www.lse.co.uk/chat/general/general/the-georgian-election-1D3531D6-391B-42B4-9C9C-C9F8383D0BB8.html?page=22
Agreed 1472 is a nice number.
Market not that bothered either way.
SD I think we can be (very) happy with 1472p.
Personally I'm happy they carry on with the buy backs. The uplift today is in large part to the 6% of shares hoovered up at a bargain price. Long term that's the most lucrative way to appreciate the value here.
GLA
1292 to 1400 is 8.35% gain. Very likely.