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CGEO Georgia Capital Plc

1,118.00
-8.00 (-0.71%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Georgia Capital Plc LSE:CGEO London Ordinary Share GB00BF4HYV08 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -8.00 -0.71% 1,118.00 639,299 16:29:58
Bid Price Offer Price High Price Low Price Open Price
1,114.00 1,122.00 1,130.00 1,114.00 1,124.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services GEL GEL 608.62M GEL 15.1543 0.74 452.22M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:48:23 O 373,360 1,118.00 GBX

Georgia Capital (CGEO) Latest News

Georgia Capital (CGEO) Discussions and Chat

Georgia Capital Forums and Chat

Date Time Title Posts
04/12/202419:03Georgia Capital PLC113

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Georgia Capital (CGEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 16:48:241,118.00373,3604,174,164.80O
2024-12-11 16:35:191,118.007,38782,586.66UT
2024-12-11 16:29:521,118.00222.36AT
2024-12-11 16:29:521,118.00222.36AT
2024-12-11 16:27:501,114.0036401.04AT

Georgia Capital (CGEO) Top Chat Posts

Top Posts
Posted at 11/12/2024 08:20 by Georgia Capital Daily Update
Georgia Capital Plc is listed in the Finance Services sector of the London Stock Exchange with ticker CGEO. The last closing price for Georgia Capital was 1,126p.
Georgia Capital currently has 40,161,395 shares in issue. The market capitalisation of Georgia Capital is £449,004,396.
Georgia Capital has a price to earnings ratio (PE ratio) of 0.74.
This morning CGEO shares opened at 1,124p
Posted at 04/12/2024 19:03 by pj84
I have reduced my holdings in both CGEO and BGEO because of the concerns surrounding GD and the pivot away from joining the EU and becoming more aligned with Russia but still maintain small stakes in both which without the political risk are both undervalued.
Posted at 12/11/2024 11:30 by craigso
This fund is so easy to trade for profit it's silly.

When the bank spikes in the morning, it takes the market until the afternoon to remember that CGEO's share price = its stake in BGEO and the share price of CGEO also goes up.
Posted at 15/10/2024 21:23 by the millipede
Only if CGEO keeps it on the balance sheet (does it?). I assumed it was just eaten up as “expenses.R21;
Posted at 13/10/2024 20:05 by privileged
Good point.CGEO presumably receive the divi tho so will ultimately be reflected in the value, arguably more tax efficiently?
Posted at 17/9/2024 13:45 by craigso
I know that Georgia has its risks...

But BGEO makes up nearly £9 of CGEO's NAV, with a £10 share price. £1 for £13 of Georgian private assets? Seems like an added margin of safety versus investing directly in the bank?
Posted at 22/2/2024 11:45 by pj84
Continued progress with the share price currently at a 50% discount to NAV at Dec 23 and that is likely to have increased further following Bank of Georgia's recent share price increase as a result of the proposed purchase of bank of Armenia for 0.65 of book value and 2.6 x P/E 2023.
Posted at 30/10/2023 11:22 by davebowler
Nick Greenwood-
Georgia
Georgia has made significant progress over the past decade, with its GDP per capita increasing by 55% from 2011 to 2021. Despite an improved economic outlook in recent years, investor appetite for Georgia has been muted, with sentiment impacted further by Russia’s invasion of Ukraine last year – which stoked memories of the conflict between Russia and Georgia in 2008.

As a result of the Russian invasion of Ukraine, many highly skilled Russians, particularly IT professionals, have moved across the border to Georgia. This has given the economy a further recent boost. Nevertheless, with non-existent demand for Eastern European strategies in recent years, the country remains firmly out of the investor spotlight. While there may be no near-term catalyst for Georgia, the significant valuation mispricing is simply too compelling to overlook.

We have a position in the London-listed Georgia Capital (CGEO), which was spun out of Bank of Georgia after the combined entity became too large to manage at 16% of GDP. The portfolio has investments in various areas such as wine, motor insurance, education, renewable energy, water supply and its listed stake in the Bank of Georgia. With a current discount of 60% – this represents a major mispricing opportunity, given our optimism in the country’s internal dynamics.
Posted at 29/8/2023 21:21 by pj84
Bank of Georgia boosts Georgian Capital as analysts eye opportunity

Georgia Capital, which invests mainly in private equity in the ex-USSR region, has seen a significant share price return thanks to its listed holdings, including Bank of Georgia.

Michelle McGagh

Georgian private equity may make up the majority of Georgia Capital (CGEO) but its listed holdings have helped the net asset value (NAV) to reach a record high and its share price to rise.

Half-year results from the £403m investment company, which cover the six months to 30 June, showed the portfolio grew to a record high in the second quarter of this year, with the NAV increasing 8.2% over the three-month period in Georgian lari terms. This helped the fund deliver a NAV increase of 11.8% in the first half of the year.

The NAV per share rose 8.2% in the quarter in GEL terms and 11.8% for the first half of the year.

The strong figures are in part thanks to UK-listed Bank of Georgia (BGEO), which is the largest holding in the fund at 26.3%.

Bank of Georgia saw its shares grow 6.4% in the second quarter of the year following strong earnings and share buybacks.

Numis investment company analyst Priyesh Parmar said the performance of Bank of Georgia is putting the fund ‘on the radar of a wider range of UK equity income investors and could help drive a re-rating’.

‘We believe that the Georgian economy remains well placed to deliver strong growth over the next few years, as it has consistently done over the last two and a half years,’ said Parmar.

The performance of the fund was also boosted by the vaguely-named ‘water utility’ that makes up 4.7% of the portfolio.
The investment company sold 80% of its stake in the utility business for $180m in 2021.

Irakli Gilauri, the chief executive of BGEO, said he has a ‘clear exit path through a put and call structure at a pre-agreed EBITDA multiple’ for the remaining 20% holding in the business.

The fund also tackled the upcoming maturity of the $300m of Eurobonds issued by JSC Georgia Capital, the holding parent of the fund.

Gilauri said he took a ‘proactive stance’ to refinancings and ‘identified an opportunity to effect a landmark transaction by issuing sustainability-linked bonds in the local capital markets in Georgia’, marking the largest-ever corporate bond issuance in the country of Georgia.

The five-year bonds, which pay an 8.5% coupon, attracted ‘an unprecedented level of interest in Georgia, with total demand reaching $200m’.

Gilauri said he was ‘particularly impressed’ by the number of retail investors, with the bond achieving the highest retail volume in the history of Georgia’s capital markets.

Numis analyst Parmar agreed that the bond refinancing was a ‘key milestone’ and this, along with the favourable returns, make it an attractive investment.

‘We have consistently been highlighting this as an opportunity,’ Parmar said.

‘Management continues to deliver on its strategic goals, strengthening the balance sheet helped by strong cashflows from the portfolio.’

However, he said, Georgia Capital’s discount remains ‘extreme’ at almost 60%.
Posted at 17/8/2023 10:40 by pj84
Bit of a delayed response to BoG results today with the share price up 15% but market now catching up.
Posted at 10/7/2023 13:16 by paul243
Sell down stake in BGEO and do a tender offer for CGEO shares with the proceeds. See what happens to the NAV discount then! If the respective transactions happened at current prices, the discount would balloon even further
Georgia Capital share price data is direct from the London Stock Exchange

Georgia Capital Frequently Asked Questions (FAQ)

What is the current Georgia Capital share price?
The current share price of Georgia Capital is 1118p.
How many Georgia Capital shares are in issue?
Georgia Capital has 40,161,395 shares in issue.
What is the market cap of Georgia Capital?
The market capitalisation of Georgia Capital is GBP 452.22 M.
What is the 1 year trading range for Georgia Capital share price?
Georgia Capital has traded in the range of 830.00p to 1,396.00p during the past year.
What is the PE ratio of Georgia Capital?
The price to earnings ratio of Georgia Capital is 0.74.
What is the reporting currency for Georgia Capital?
Georgia Capital reports financial results in GEL.
What is the latest annual profit for Georgia Capital?
The latest annual profit of Georgia Capital is GEL 608.62M.
What is the registered address of Georgia Capital?
The registered address for Georgia Capital is CENTRAL SQUARE, 29 WELLINGTON STREET, LEEDS.
What is the Georgia Capital website address?
The website address for Georgia Capital is www.georgiacapital.ge.
Which industry sector does Georgia Capital operate in?
Georgia Capital operates in the FINANCE SERVICES sector.

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