CGEO is making a rapid recovery 16% in the last month. BGEO is up 21% so far this month. The purchase of the Armenian bank at ridiculously low PE is going to add big to BGEO profits.
Click on
https://interfax.com/newsroom/top-stories/99552/#:~:text=2024%2013%3A10-,Bank%20of%20Georgia%20Group%20buys%20Armenian%20Ameriabank%20for%20%24303.6%20mln,Group%20said%20in%20a%20statement.
I need to add more now to one or the other…or possibly both!!
Although my shares are still well up Georgian dreams halting of the EU ascension (no chance of it happening as EU had already halted it) has not helped the share price.
Yet again Georgian Dream have proved they are economically/financial competent while being politically retarded.
Rioting is now a major hobby in Georgia!
Up 6.5% today. No RNS. Can’t find any news to warrant it?
Up another 6% today. Was a zoom webinar at 3pm but missed it. Share price was complete by the start of the webinar. Will watch it when it a recording becomes available.
NEWS
https://www.lse.co.uk/news/CGEO/georgia-capital-impresses-with-q4-performance-b0h9g7e9b9konih.html
Still rising was up 4% dropped back to 1.5%.
Presently up 49% started buying (again) January after selling out during the political turmoil.
Todays RNS
https://www.lse.co.uk/rn…lts-5slfx72k86g7pgi.html
Quarterly update excellent
Very little movement in the share price BUT price is up 36% on the month. I expect its in the price already.
Quarterly increase in NAV 11.2%
Quarterly increase in sterling 9.8%
NAV £29.8 per share
Share price £16.96p
Interestingly hospitals which had been a problem post covid
“a significant improvement in the sales mix at our regional and community hospitals, coupled with robust performance of our clinics and diagnostics, led to a 46.8% y-o-y EBITDA growth in 1Q25.”
Due to the risky politics i will not make this a large holding, at least in terms Spending, it may become one at the rate of share price growth!
Podcast today in reference to update. Post podcast up 6.6%.