Jsc Bk Geo.s Forum

Still look good value for money to me

From share mag today: Don’t panic about the recent decline in Bank of Georgia’s (BGEO) share price, triggered by full-year results which missed expectations. A weaker turn from its insurance arm is to blame along with significantly lower revaluation gains within its property business. Analysts have been forced to downgrade their forecasts, yet the financial services group is still expected to grow pre-tax profit by 20% in 2015 to GEL331.4 million.  Stockbroker Numis believe Georgia’s GDP will grow 4.7% this year, which although lower than in recent years will still be envied by governments around Europe. Bank of Georgia is expected to float its healthcare business Aldagi on London’s Main Market in the second half of this year.  The shares still look cheap on 7.9 times forward earnings for 2015. (MD)

Looks like it might the drop here might be down to "missing expectations" - not sure what they were

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