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I was unaware of this Merger of Georgia Capital & GEORGIA Health
Georgia Capital demerged from Bank of Georgia I think .
( Bank of Georgia Group PLC which appears to have split in two to form Georgia Capital PLC on 18 to 29/5/18
New shares did not show until 1/7/19 maybe suspended ? )
Both added together I am approx even over both as of today .
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.
Dr James Fox of Motley .
writes this .
And while Russia and Ukraine were Georgia’s biggest trading partners before the war, the conflict seemed unlikely to derail the surging Georgian economy.
So I bought shares in the Bank of Georgia (LSE:BGEO) and its peer TBC Bank. The latter has been good to me too — up 75%. But today, I’m focusing on the former.
Huge returns
The two Georgian banks were trading like distressed stocks in March and April. So, for many investors, these firms could have appeared risky investments. However, thanks partially to my personal exposure to the country, I didn’t see it that way.
So, in early April, I bought Bank of Georgia for a little over £12 a share. The stock had plummeted around 50% in the preceding months.
Banks, like many other stocks, often reflect the health of the indigenous economy. And instead of economic decline, the Georgian economy has continued to soar. Ironically, and much to the dismay of many its local population, Tbilisi is now filled with Russians escaping sanctions and Putin’s draft. But they are contributing economically.
Last week, Bank of Georgia reported a rise in third-quarter pre-tax profit to £103.26m, with its performance underpinned by wider growth in the Georgian economy. The Q3 figure represented growth of more than 33% year-on-year.
Georgia’s second-largest bank also benefits from higher interest rates. Net interest margins rose 30 basis points year-on-year to 5.3% in the quarter, although it was flat on the quarter.
So now, seven months after I bought into Bank of Georgia, the share price is currently £24. So I’m up 100%, including fees.
............
Why didn't I top up lol
I wish I had bought more Bank of Georgia instead of increasing my holdings in Georgia capital. Up about 5% while I would guess I would have an extra 30% possibly more if I had bought Bank of Georgia instead AND a huge dividend. BUT Georgia capital is on about 65% discount at the moment. Far to cheap
https://youtu.be/O0QLt5bpBYU
At the end of the interview he gives his 4 share to buy. Georgia capital is the last one.
Sold the second tranche I bought 1st July 2019 for 1487p for 3000p
The first buy 18/5/2018 was at 3374p so that one still under ?
An example of PATIENCE eventually paying off and averaging down after a 50% fall can work .
5 years since first buy .
Two RNS This morning sent share up 10%
16th Feb 2023 7:00 am BBOGG PLC 4Q22 & FY22 preliminary financial results & BBOGG PLC announces extension of share buyback.
Good to see no dross posts here easy finding my last posts in October / November last year .
SD235 points out a good dividend maybe one for the ISA after tax changes .
My first buy might be before the Georgia Capital demerger so added together maybe I am not under .
From below might of been reason I bought them as the first buy looks around the time of demerger .
At the Motley tip below in November 2022 the share was 2750 so buying into the rise it has made another 9%
I am afraid I sold all for a very nice 118% gain plus 9.9% dividend.
Inflation has fallen 10.4% 9.8% 9.4%
Base interest rates are still 11%
When they are reduced the Lara will fall and BGEO share price will fall and Georgia capital.
Based on the attitude to inflation coming from there monetary policy committee I would doubt it would be reduced before it gets to 8% maybe 7%.
Before it reaches those lows the market will anticipate the fall and Lara will fall.
I am waiting for that point then I will buy back.
Inflation now 8.1%. falling fast.
When will interest rates fall and hence exchange rates?
Big fall today but not in Georgia capital.
I've been in bgeo since £9.50 think it's fill your boots time, these are a steel at £24 , £30 plus all day long. I'm adding and tucking away in SIPP and forget for 12 month's. Banking stocks are getting mashed when there is blood on the streets buy. I bought barc, lgen, av, dlg. If they go down again I'll buy more, averaging is the key. This is like 2008 all over again. If you can buy and forget it's a January sale lol gla. Only thing to think is Hospitality is strong look at jdw?
January inflation 9.4% February 8.1% March 5.3%
Monetary policy Committee meet 10 May.
If they reduce interest rates then the lari will fall.
It's not inevitable that they will reduce interest rates.
But I would say sooner rather than later.
Nice little move today, we are nearly there at the £30. GLA
SD agree on your post there, the more the banks stop lending the sooner they will stop. I've started slowly averaging into gilts as a long term play here as I think once they pause there could be a few consecutive cuts. Central banks did not give rises a chance to work before pushing ahead and as we know it takes about 6 months for the increase to have an impact.
Nice strong push to £30 courtesy of Barc. I think this still has a little further to go
All out today for 3750p 9.30am up to 3850p 3.30pm .
The first buy 18/5/2018 was at 3374p approx 11% gain over the 5 1/2 years , a little above the target set after February sell.
That the top up after big fall on 1st July 2019 for 1487p sold for 3000p over 100% gain over 4 1/4 years .
Divs wile I waited I can see from posts below 9%.
Hope for all my other paper losses with the help of God.
They fell back after the February slice to a low of 2395p mid March 2023 , I did not order a buy .
Would of been better then others I chose at the time .
Hinsight , might change in the future .
I see from this site PE ratio is 3.498519.
Yield down to 3.2%
5000p now 34% better then the 3750p sell on 20th December 2023.
Georgia Capital also on all year high today .
Shares in Issue 45.59m
Market Cap. £2.30b
Market Size 750
PE Ratio 4.571157
Earnings 1,104.75321
Dividend 123.39306
Yield 2.443%