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Bank of Georgia
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The blur
Posted: 12 February 2024 16:53:39(UTC)
#1

Joined: 10/10/2020(UTC)
Posts: 45
Looking to put a small investment into the Bank of Georgia as it's at a good discount and performance has been strong within the last year with a good outlook for the next year.

I'm with HL already so makes sense to use their platform to invest, one question though.

HL, for example, says on its "performance" section on Bank of Georgia group PLC that 1 year is +8.07% but in reality it's +43.55%. Any idea why HL stats are so wrong? or is this listing wrong?

Just want to check its a correct listing for the bank via HL before invest.
thanks

ps Poland also looking quite good too....
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Johan De Silva
Posted: 15 February 2024 17:16:01(UTC)
#2

Joined: 22/07/2019(UTC)
Posts: 4,412
This is one I own. It is up +43.55% and remains a value stock. Make sure you use the ticker BGEO and buy on the dips. It is worth drawing trendlines on a chart:
https://www.hl.co.uk/sha...orgia-group-plc-gbp0.01

It is all over if Russia invades Georgia at some point. For now, Russia are too busy.
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Tug Boat
Posted: 15 February 2024 17:26:22(UTC)
#3

Joined: 16/12/2014(UTC)
Posts: 2,015
Ray Charles, what a voice, what a song.
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Johan De Silva
Posted: 19 February 2024 09:39:19(UTC)
#4

Joined: 22/07/2019(UTC)
Posts: 4,412
Todays news about proposed acquisition of Ameriabank in my mind is a game changer and helps to reduce the risk of total wipe out in the event Russia invades Georgia.
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2 users thanked Johan De Silva for this post.
Big boy on 19/02/2024(UTC), Newbie on 19/02/2024(UTC)
Newbie
Posted: 19 February 2024 10:20:07(UTC)
#5

Joined: 31/01/2012(UTC)
Posts: 3,816
Johan De Silva;296773 wrote:
Todays news about proposed acquisition of Ameriabank in my mind is a game changer and helps to reduce the risk of total wipe out in the event Russia invades Georgia.

How so ?

Having sold out last time some while ago - I also went in again recently along with CGEO.
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Big boy
Posted: 19 February 2024 10:41:37(UTC)
#8

Joined: 20/01/2015(UTC)
Posts: 6,676

Thanks: 5660 times
Was thanked: 11110 time(s) in 4250 post(s)
CGEO still look a hold IMO even after excellent re-rating. Any views now?
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1 user thanked Big boy for this post.
Newbie on 19/02/2024(UTC)
Chris Ould
Posted: 19 February 2024 12:34:04(UTC)
#9

Joined: 13/01/2014(UTC)
Posts: 548

Thanks: 238 times
Was thanked: 1170 time(s) in 403 post(s)
Major re-rating recently, but only back to where it was 5 years ago...only have a small holding, but looking at info on its website, still 52.9% discount seems a mispricing opportunity...does appear to be optimism in the country’s internal dynamics.
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Newbie on 19/02/2024(UTC)
Johan De Silva
Posted: 19 February 2024 13:10:56(UTC)
#6

Joined: 22/07/2019(UTC)
Posts: 4,412
Newbie;296775 wrote:
Johan De Silva;296773 wrote:
Todays news about the proposed acquisition of Ameriabank in my mind is a game changer and helps to reduce the risk of total wipeout in the event Russia invades Georgia.

How so ?

Having sold out last time some while ago - I also went in again recently along with CGEO.

I would say motives are political no? Armenia is in another country next door. I am not an expert in this area but do know Armenia became an Associate Member of the NATO Parliamentary Assembly, FWIW.

It de-risks BGEO more than CGEO.

In addition, I have read it would give BGEO a P/E of 4 for the combined entity.

Edit: In other roomers Azerbaijan are about to invade Armenia so wtf do I know:
https://eurasianet.org/a...ng-up-for-full-scale-war
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1 user thanked Johan De Silva for this post.
Newbie on 19/02/2024(UTC)
Newbie
Posted: 19 February 2024 13:38:24(UTC)
#7

Joined: 31/01/2012(UTC)
Posts: 3,816
Johan De Silva;296815 wrote:
Newbie;296775 wrote:
Johan De Silva;296773 wrote:
Todays news about the proposed acquisition of Ameriabank in my mind is a game changer and helps to reduce the risk of total wipeout in the event Russia invades Georgia.

How so ?

Having sold out last time some while ago - I also went in again recently along with CGEO.

I would say motives are political no? Armenia is in another country next door. I am not an expert in this area but do know Armenia became an Associate Member of the NATO Parliamentary Assembly, FWIW.

It de-risks BGEO more than CGEO.

In addition, I have read it would give BGEO a P/E of 4 for the combined entity.

Edit: In other roomers Azerbaijan are about to invade Armenia so wtf do I know:
https://eurasianet.org/a...ng-up-for-full-scale-war

Thanks

But surely if Russia invades and takes control of the assets from within (if it wins), that could hurt, or have I got it wrong ?

Sure NATO is a deterrent, but when if a war did start then surely the share price will just tank until the war is over. Then we have the issue that NATO which is effectively USA, with a dash of UK has wars on multiple fronts, some physical, some economical and a lot of political (Ukraine, Palestine, China, Russia, India, the whole of the ME).

Nevertheless I am a holder and buyer of both BGEO and CGEO - but will only retain a small holding within the 20% the play/wild portfolio portion.
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ANDREW FOSTER
Posted: 19 February 2024 13:50:25(UTC)
#10

Joined: 23/07/2019(UTC)
Posts: 8,101

I have read (though have no opinion) that Bank of Gerorgia is doing well because Russian money is pouring into it out of sanctioned Russian institutions.

Its being used as an intermediary for Russian oil and gas trading.

It's steady climb began in...early 2022 so it would fit that narrative, though no idea if it is true.

If that is indeed the case then any upside could possibly be suddenly terminated if it were to have Western sanctions suddenly applied to it.

The good news could unwind as that money/business is frozen or moves off elsewhere.
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