cwah
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Post by cwah on May 25, 2019 14:51:09 GMT
Can you just share more than just fear and 10 min googling? I spent way more than 10 min and couldn't find anything to bring me fear? Bad debt and bad debt provisions is my key concern, my second is to do with asset ownership law in the country. It looks like the bank keeps failing to make sufficient provisions for bad debts. I can't talk about other issues but start adding "dodgy" to your Google searches. Thanks that's very useful. This is something I haven't considered. I was looking at their Tier 1 capital adequacy ratio in their Q1 2019 and they mention having 12.7% which is barely higher than the minimum at 11.6%. They mention they're going to issue $100M loan note to get it stronger. Their net interest income is also 4X their bad debt, so it's not like a small increase of bad debt would put them in dangerous situation. I typed dodgy bgeo and also the other keywords as well as other stakeholders name I couldn't find anything meaningful. Are you talking about the forum "OffshoreCorpoTalk" where someone mentioned opening an offshore with Georgian bank looks dodgy?
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Post by Deleted on May 25, 2019 15:35:13 GMT
Failing to provision correctly for defaults is my major concern. They keep having to add provisions. So they do not understand their debt situation.
After all what else does a bank have to do?
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Post by Deleted on May 25, 2019 15:42:50 GMT
Cwah. I think you want to buy things. This is the wrong mind set to have. I want to be convinced against my better nature to buy things.
For me you have the wrong mind set. Your bond seems valueless, your shares dodgy and your fear of funds illogical. I earn 17% y on y. Yes i pay 1% mngmt fees, but over 10 years 16% every year soon adds up
I've said before, buying is easy selling is difficult.
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cwah
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Post by cwah on May 25, 2019 16:04:04 GMT
Cwah. I think you want to buy things. This is the wrong mind set to have. I want to be convinced against my better nature to buy things. For me you have the wrong mind set. Your bond seems valueless, your shares dodgy and your fear of funds illogical. I earn 17% y on y. Yes i pay 1% mngmt fees, but over 10 years 16% every year soon adds up I've said before, buying is easy selling is difficult. Which bond is valueless? I can't remember having bought bonds? And which fund provides 17% YoY over 10 years?
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Post by gravitykillz on May 25, 2019 16:21:26 GMT
Cwah. I think you want to buy things. This is the wrong mind set to have. I want to be convinced against my better nature to buy things. For me you have the wrong mind set. Your bond seems valueless, your shares dodgy and your fear of funds illogical. I earn 17% y on y. Yes i pay 1% mngmt fees, but over 10 years 16% every year soon adds up I've said before, buying is easy selling is difficult. I think he is referring to an investment trust he has purchased. You can Google them. A few have done quite well in the past.
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Post by Deleted on May 25, 2019 17:41:16 GMT
Cwah, you seem to want answers rather than how to find answers.
Polish on, polish off, grasshopper.
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corto
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one-syllabistic
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Post by corto on May 27, 2019 11:48:43 GMT
You might not find it convincing but them are the facts.
Don't "read into" stuff where you only know a fraction of the picture.
Funds are complex beasts and fund management is a complex affair. A regulatory filing tells you preicesly NOTHING about what is going on behind the scenes.
End of story.
Them were mostly bullying a person here. You know the whole picture?
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cwah
Member of DD Central
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Post by cwah on Aug 28, 2019 16:05:23 GMT
If you want a coming deal then look at FANUY. Buy $16.25 sell at $18.75 when trump loses the trade war. No warranties. More seriously I'd not touch the bank of Georgia with a punt pole. In a former life I traded world wide with the more interesting of the world's countries. I only dealt with banks who performed to a certain std. Georgia wasn't one of them. I'd not risk my company's money with them... I see Fanuy as a high risk stock. It's not turning profit and its overall revenue and net profit are lower than 3 years ago (2016) I increased my stake with BGEO and will increase more if it reaches 1300p Consider it as the bank has a 20% ROE, PE ratio around 5.5 and dividend yield at 5%. But not only this, it has grown YoY its net profit and total revenu over 10%. Georgia economy is still predicted to have 4% gdp growth even with russia sanction. A risk I'm more than happy to take on!
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sd2
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Post by sd2 on Aug 29, 2019 10:08:57 GMT
Sounds like a stock to get, do you agree?
First Thomas Cook, now this ? Georgia for heavens sake ? Have you even ever been there let alone know the first thing about the local economy to merit piling into a bank shares ?!?
To be perfectly blunt with you, I've read your posts both here and on the Thomas Cook thread.
Nothing has shown me you have the background knowledge to undertake these high risk trades. Just the way you abuse the PE ratio tells me more than enough.... you don't even have the basic clue.
Seriously. Stop now before you get badly burnt. I can see this all ending in tears.
By all means invest in the stockmarket if that's what you want to do, but do yourself a favour and stick to more sensible stocks. Then for the high-risk stuff, (a) go buy some proper academic books on the markets and (b) spend some time doing paper-trading
I'm sorry for the tough-love cwah , but someone had to tell you liek it is and I guess that had to be me ! Legal and general for instance? Personally I think it is where you are in life....ie age. Also I wouldn't trust the country, it is to early in it's development. If corruption abounds the bank will not be able to escape from it. cwah mearly by asking it sounds like you are not to sure himself.
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Post by propman on Aug 29, 2019 10:55:54 GMT
First Thomas Cook, now this ? Georgia for heavens sake ? Have you even ever been there let alone know the first thing about the local economy to merit piling into a bank shares ?!?
To be perfectly blunt with you, I've read your posts both here and on the Thomas Cook thread.
Nothing has shown me you have the background knowledge to undertake these high risk trades. Just the way you abuse the PE ratio tells me more than enough.... you don't even have the basic clue.
Seriously. Stop now before you get badly burnt. I can see this all ending in tears.
By all means invest in the stockmarket if that's what you want to do, but do yourself a favour and stick to more sensible stocks. Then for the high-risk stuff, (a) go buy some proper academic books on the markets and (b) spend some time doing paper-trading
I'm sorry for the tough-love cwah , but someone had to tell you liek it is and I guess that had to be me ! Legal and general for instance? Personally I think it is where you are in life....ie age. Also I wouldn't trust the country, it is to early in it's development. If corruption abounds the bank will not be able to escape from it. cwah mearly by asking it sounds like you are not to sure himself. This is the same issue as P2P where it is too easy to get lost in the industry / business risks and forget the more nebulous fundamental risks. So investing in developing economies introduces risks that are much smaller in developed ones (legislative risk, corruption, forex, regime etc). As a result you would expect that their metrics would be more favourable than their nearest UK or other Developed Market comparators. This is akin to ignoring Platform Risk and the potential for fraud of an unknown P2P company (in this case think a P2P which has no FCA clearance less the illegality of trading risk). Yes the loans may appear to offer a better risk adjusted return looked at in isolation, but you need to factor in the other risks of investing via that vehicle.
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cwah
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Post by cwah on Jul 2, 2021 11:20:14 GMT
Do you guys remember when I said this stock is a good buy?
I still have it and made good money on it + dividend!!
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adrianc
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Post by adrianc on Jul 2, 2021 11:39:52 GMT
Do you guys remember when I said this stock is a good buy? I still have it and made good money on it + dividend!! Lucky you. Have you considered roulette as a safer bet?
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Post by Deleted on Jul 2, 2021 12:16:41 GMT
I'm really pleased for you, well done
May 2019 the shareprice was 1750 ish
Has there been a split?
Price today 1460
give us the blow by blow.
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cwah
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Post by cwah on Jul 2, 2021 13:21:11 GMT
There was no split. I got lucky because i bought around 1600 and sold ALL my stock at the end of feb 2020 when it became obvious covid crisis would become a global pandemy.
So I made profit at that time.
I'm now fully invested and bought at 1000 and added a bit more when I saw insider buying back.
I didn't put a big amount thought, I wish I did.
But its been 40% gain so far. It's no gambling its skill!
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Post by Deleted on Jul 2, 2021 13:50:31 GMT
I'm very happy for you.
Not taking anything away from you but I am sufficiently old in the tooth to know that you cannot claim skill on one piece of data, you need to show year on year growth.
I still stand by my recommendation that buying when you proposed at 1750 was full of risks as I think your actions demonstrate and the numbers show.
40% since mid 2019 may sound like you did well but actually that is less than many of us have been making. The last 2 years have been a steal to calm people.
Just some of my examples MSFT (the high risk massive Micrsoft) stumbled from roughly 125 to 275 since May 2019 SMT has clawed its way from 506 to 1320 in the same period
just a couple of assets selected at random.
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