Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I first bought BGEO 18/5/2018 , shortly after on 29/5/2018 it demerged.
And I had equal amount of BGEO and CGEO .
On 1/7/2019 I buy BGEO a second time acc shows , selling that second buy and out completely of BGEO on 20/11/23.
So I still have original CGEO ( From demerge split )
Then I buy GHG ( Georgia Health ) about 5 months after the second BGEO buy on 20/12/19 ( first buy ) then same amount again 30/12/2019 , and smaller amount on 8/1/2020 third buy ( maybe a rights ? )
On 4/10/2022 GHG are exchanged for CGEO shares but not on a one for one ratio.
like BGEO appear to have gone up 33% this calendar year to all time high .
Higher interest rates and other things boasting the Georgia economy apparently.
I reread this from poster SD235 on the thread I started on BGEO.
RE: Might be of interest to some here .7 Oct 2022 14:34
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.
Shares in Issue 42.67m
Market Cap. £561.59m
Market Size 1,000
PE Ratio 2.395543
Earnings 549.3536
Dividend 0.00
Yield 0.00%
Big fall today and not a spec of news to back it up.
1st May update was at least good could be interpreted as excellent.
The market is weird at the moment.
See Mays rns for the quarterly improvement in NAV.
I was perplexed by that too - did someone sell a huge load of shares ?
BGEO down by the same amount. Need to check what's going on there
From BGEO board
"RE: Russia2 May 2024 23:41
This will be it
https://foreignpolicy.com/2024/05/01/georgia-russia-foreign-influence-bill-protests-democracy-eu/
"If passed, the law would require all nongovernmental organizations to declare if they receive a certain amount of their funding from abroad."
I've always thought a lot of Russians put money in Georgia so they won't like it!"
I think the poster you quote from BGEO has got the wrong end of the stick..
The law proposed is similar to legislation introduced recently by Putin in Russia, and is designed to clamp down on dissent and free speech. It could be harmful to the fairness of Georgian national elections due at the end of the year.
By copying the Russian legislation the ruling Georgian Dream party is pivoting away from the West and towards Putin. If adopted it would put in jeopardy the EU accession status recently granted (and which has 80% support) Quite apart from the political fallout, a return to Russia's orbit would be damaging economically and of course to BGEO, CGEO..
More here;
https://www.bbc.co.uk/news/world-europe-68933064
P.s. if you look at the intraday prices BGEO, and CGEO were recovering until 11am, when the Georgian PM tweeted saying he had complained to US state Dept about the US govt fomenting revolution attempts (allegedly financed by foreign NGO's hence the new law) in Georgia in 2020 and 2023.. It's proper Alice in Wonderland stuff..
https://twitter.com/PM_Kobakhidze/status/1786308052515168630
The problem I believe we have is, are the dream party pivoting towards Russia. Clearly there are some Georgian MPs who are Russophiliats but I wonder if the government isn't merely trying to keep on side with the Russians ie please don't invade us again. Problem is would russia actually care if they introduced it or not. Is it instead actually the government wanting information not easily available. Also what is the downside?
Everyone knows that Georgia Capital and Bank of Georgia are owned by UK shareholders.
Brigra
Your right the Georgian PM is talking like a conspiracy theorist.
Nuts
Brigra; my point on the BGEO board was that Russians dissenting from Putin will have moved their capital out of Kremlin control and this new law puts them on the radar for Siberian accommodation - potentially! if they have to have their holding declared. Also it may expose Russians who have escaped conscription who moved to Georgia. It is therefore a case of trying to improve the war effort by a pro/appeasing Russian government and stem the adverse flow from there which actually also pleases Georgians who do not like all the Russians in their midst. I have contended BGEO has benefitted from the trend.
Thanks doze, I certainly agree that the Georgian economy has benefitted from the financial and intellectual capital exported from Russia since the Ukraine war.
My point was that the new foreign financial disclosure requirements don't apply to all foreigners i.e the average Russian emigre, but only to News organisations and NGO's i.e. charity, cultural organisations. This mirrors the law recentky passed in Russia, and before that in Hungary, by Orban's populist government. There the Universities and charities funded by Hungarian emigre George Soros, were attacked as being subversive to the state, and unpatriotic.
Down to 1046p
Unrest in Georgia on news, linked to Russia / Ukraine war.
Had orders on to take some profit when I posted 3rd April at 1380p & every day to 25th.
Good idea to take them especially with in none home countries .
They never got back to the mid March highs in April , nearly !!
20% cheaper now.