Share Tips of the Week

The week saw exciting headlines such as “Fund managers “no longer apocalyptically bearish.” Whilst we can’t verify what fund managers are feeling, we can see that majority of stock picks are buy picks turned around from overwhelming sell a few weeks ago during the market downturn and top picks this week are all BUY, indicating

1. BUY Kistos (KIST) by Berenberg Tip Performance 10.48%

Top stock pick this week was a BUY Kistos by Berenberg made on the 16th which is currently performing at 11%. Kistos is an acquisitive energy company based in London. It was incorporated in October 2020 and listed on the London Stock Exchange at a share price of 118.20 which has increased to 575.

It has a turbine as its logo, a wave on the front page of its webpage and the heading ‘energy in transition’ but its site in Netherlands Q10-A is a conventional gas field.

4 weeks ago, Serica Energy which operates as a conventional oil and gas company rejected an offer from Kistos stating that the smaller Kistos undervalued its assets at 425 per share an 11% increase on a previous offer.

Kistos CEO Austin has repeatedly approached Serica to purchase and been rejected. Serica is around twice the size of Kistos and has approached to buy Kistos but that was also rejected.

On 9 August both Serica and Kistos issued statements that they will cease their intentions to buy each other after both offers were rejected.

However, on 10 August two 8.3 forms and one 8.5 form was issued by Kistos. Form 8.3 is an Opening Position Disclosure form required by the Takeover Panel. Form 8.5 is public dealing disclosure.

What is happening at Kistos? Hard to say but with the share price consistently rising and this stock pick it might be worth taking a closer look.

2. BUY Bank of Georgia Group (BGEO) by Dr. James Fox in The Motley Fool Tip Performance 9.30%

Second tip this week was BUY Georgia Group. Bank of Georgia Group is the UK holsing company of the Georgian Bank. Shares have been steadily on the rise since incorporation in 2012 and hit a new 52-week high on Wednesday with NED Alasdair Breach purchasing £370k of shares after the Tuesday announcement of positive 1H22 results in light of the growing Georgian economy.

The Russian invasion of Ukraine crashed the share price and investors are taking advantage of the slump to buy this stock with good potential.

3. BUY TBC Bank Group (TBCG) by Royston Wild in The Motley Fool Tip Performance 6.03%

Seems like the team over at Motley Fool have been researching Georgian banks this week as we have tracked 2 stock picks relating to 2 different Georgian banks! Another Georgian bank stock pick is up after announcing positive first half results a week ago with profit and returns up. TBC Uzbekistan has just announced $35.1 million cash investment into the Uzbekistan economy, signalling further future growth.

The Bank has just won Best Digital Bank in Georgia 2022 in the Global Finance Awards and other awards. On 16 August the European Bank for Reconstruction and Development loaned TBC $23m to boost technology investment into Georgian SMEs. Full steam ahead for TBC then! Another high potential stock at not so much of a discount now.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 17th August 2022..