Member Info for DramChart

This would be a much better and more useful place if certain adversaries would exchange their social media accounts and continue their rants there, rather than here. I'd welcome informed and considered discussion about ITV but their contributions don't even have much to do with the price of fish.

It's paid in GEL, so the price in GBP will depend upon the exchange rate on the day.

It may be of interest that both my car and house contents insurance renewals with Saga were DOWN this year! By contrast, the quote from Churchill for house buildings was up by more than 25%, so I transferred that to Saga as well. In my experience, AV's products have never been competitive on price - but I am happy to take the dividends :)

Over the past 10 years or so whenever I've invested in AVON it has ended in tears. Now, owing to a senior moment, I've done it again. I really should know better. You have been warned.

I no longer have confidence in a Board that doesn't keep shareholders in the loop. Too much risk that their primary focus is their personal wellbeing rather than our interests (although in this instance I would agree with the decision to reject the bids).

IMHO the "Russian Law" is simply a tool to enable Ivanishvili and fellow oligarchs to prevent any further integration with Europe. Their primary motive is that 'unorthodox' financial arrangements thrive better under authoritarian regimes with tight controls over critics than they do in democracies. But the GD also enjoy the support of traditionalists - especially the older generation in rural areas - who fear that Georgian values are under threat from liberal Western ideologies (e.g. the LBTQ+ movement). Given their majority, I think GD will see their law passed. We can then expect volatility in the banking SPs, but I don't think their businesses will be much affected in the medium/long term (because a pro-Russia outcome likely will attract more Russian money to offset less European money, and vice-versa).

Agreed. I think the reason for the rise of GEL - and the profits of local banks - has been the tremendous growth of the Georgian economy. If that stalls, well the party will be over. Especially if prospects of joining the EU are dashed.

I started BGEO in July 2022 at just over 1500 and sold most in early April 2024 at 4980, so can't complain. I've added a few at 4105 in the hope that it will eventually get back above 5000 and give divis in the meantime. Why can't politicians behave themselves? (I blame their parents). Good luck all.

Interesting that, as I type, TBCG is up 5%. Waiting to see if BGEO benefits from a read over.

Beware the fx risk. BGEO dividend is in GEL, which is losing value because of the situation.

NN: Am I being unrealistic/greedy hoping to top up around 480?

I'm thinking £29. Which is likely to be rejected.

I wonder if this is related to last week's unusual SP movements.

If, despite the scale of protest, the 'foreign agents' bill is passed today I fear all hell will break out in Tbliisi. Even if the EU and UK do not apply sanctions, civil unrest is bad for market sentiment and even good companies experience collateral damage. There is a fine line between buying the dip and catching a falling knife.

Realist1

A perfectly reasonable approach. I tend not to sell, but simply buy the ex-d drop to increase my holding and compound the dividend income.

JRE

Hopefully the contract note time was when your sell order was placed - i.e. when the market opened - not the time when the trade was actually executed. I think you'll be ok :)

I think it is a reaction to the cut in ad revenue forecast.

Duka

Hopefully a good call - I topped up, as I liked the data coming out of China.

Cheers

JRE

"... around 8am"

Fingers crossed for you that it was after 8am!

Hi JRE,

If your sale went through before the market opened, I think you might have lost out. However, most retail brokers do not place trades outside market hours. Some even don't action buy/stop/etc. orders during the first 15 min of trading because of volatility. So unless your broker trades out-of-hours, you're probably ok (unless, of course, your sale went through before the market closed on the previous day). Suggest you check your broker's T&Cs. Hoping the best for you!