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| 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
|
|
|---|---|---|---|---|---|
| 52.00 | 3.54% | 1,520.00 | 102,004 | 16:28:38 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,520.00 | 1,522.00 | 1,522.00 | 1,462.00 | 1,468.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | GEL | GEL 608.62M | GEL 15.4109 | 0.99 | 579.75M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:09 | O | 18,229 | 1,470.61 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/3/2025 | 17:27 | UK RNS | Georgia Capital PLC Transaction in Own Shares |
| 14/3/2025 | 13:07 | ALNC |  DIRECTOR DEALINGS: New CEO buys after C&C shares hit by profit warning |
| 14/3/2025 | 07:00 | UK RNS | Georgia Capital PLC Transaction in Own Shares |
| 13/3/2025 | 16:27 | UK RNS | Georgia Capital PLC Holding(s) in Company |
| 13/3/2025 | 14:59 | UK RNS | Georgia Capital PLC Holding(s) in Company |
| 13/3/2025 | 10:44 | UK RNS | Georgia Capital PLC Director/PDMR Shareholding |
| 12/3/2025 | 17:02 | UK RNS | Georgia Capital PLC Transaction in Own Shares |
| 12/3/2025 | 16:39 | UK RNS | Georgia Capital PLC Director/PDMR Shareholding |
| 11/3/2025 | 17:17 | UK RNS | Georgia Capital PLC Transaction in Own Shares |
| 11/3/2025 | 12:13 | UK RNS | Georgia Capital PLC Holding(s) in Company (Correction) |
Georgia Capital (CGEO) Share Charts1 Year Georgia Capital Chart |
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1 Month Georgia Capital Chart |
Intraday Georgia Capital Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/3/2025 | 15:18 | Georgia Capital PLC | 118 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/3/2025 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 1,468p.Georgia Capital currently has 39,492,751 shares in issue. The market capitalisation of Georgia Capital is £600,289,815. Georgia Capital has a price to earnings ratio (PE ratio) of 0.99. This morning CGEO shares opened at 1,468p |
Posted at 14/3/2025 15:18 by challengeinvestor7 Still trying to get a handle on the fundamentals of CGEO and the impacts of political turbulence in Georgia. Its CEO has been linked with sanctions in the US and now its independent NED divests 96% of his options. Does anyone know if the situation is worsening in Tbilisi? https://simplywall.s |
Posted at 17/2/2025 10:25 by challengeinvestor7 (NB. Posting this again with hopefully better formatting):Here's the Telegraph article on CGEO's CEO Irakli Gilauri FYI - can see a response from the Board on their site but nothing further from US State Dept re: sanctions. Anyone seen different? Irakli Machaidze, The Telegraph: Georgia’s drifts towards authoritarianism has repercussions for the London Stock Exchange What happens in the Caucasus is no longer confined to a distant and too often overlooked region of Europe Georgia, until recently a source of economic optimism on the troubled fringes of Europe, has elected to follow an anti-democratic path towards Moscow. The ruling Georgian Dream party has effectively halted the country’s EU accession talks, triggering political unrest, Western sanctions and mounting investor anxiety. The TV images of protesters being beaten are heartbreaking. But while international media has focussed on democratic backsliding, a parallel threat is arising for foreign businesses and investors, particularly those invested in nominally “safer” stocks on indices like the London Stock Exchange. New names are being added to international sanctions lists all the time. Alongside already sanctioned government ministers, there now appear names of leaders of large U.K. based companies, including firms listed on the LSE. These individuals are being outed as “enablers̶ Three London-listed Georgian firms, Bank of Georgia Group PLC, TBC Bank Group PLC, and Georgia Capital PLC, serve as barometers of the country’s volatility. Since April 2024, when the Georgian government revived it push for a Russian-style foreign agents law, these companies’ share prices have plummeted by an average of 10 to 15 per cent. Georgia’s parliamentary elections in October, widely condemned as fraudulent, triggered a further 10 per cent fall. Political turmoil is manifesting in financial instability, prompting Fitch Ratings to downgrade Georgia’s outlook from “stable” to “negative̶ Sanctions on political elites undermine investor confidence, especially in nations dependent on foreign investment. While U.S. sanctions against Georgian Dream founder Bidzina Ivanishvili aim to limit his influence, they have a broader effect. As Georgia becomes geopolitically isolated, its economic reliance on Russia and non-Western actors will only increase. Compounding these risks, Georgia has refused to join Western sanctions against Russia, fuelling suspicions it is facilitating sanctions evasion. Former US sanctions coordinator James O’Brien has raised concerns that Georgia is bolstering Russia’s military supply chain, claims substantiated by investigative journalists working in Georgia. Meanwhile, the National Bank of Georgia has implemented a rule that shields sanctioned individuals from international restrictions: the Bank will only enforce sanctions if a local court has found an individual guilty, an unlikely outcome given Georgian Dream’s control of the judiciary. Western sanctions-setters want to close loopholes by targeting businesses that back the Georgian government. The most high-profile target to date is Irakli Gilauri, Chairman and CEO of Georgia Capital PLC. A recent letter from the US House of Representatives, obtained by Radio Liberty, urged US Secretary of State Marco Rubio to impose sanctions on individuals accused of “enabling̶ This matters because Georgia Capital holds a 20 per cent stake in Bank of Georgia, another LSE-listed Georgian giant. Sanctioning the likes of Gilauri will inevitably shake investor confidence in the governance of Georgian firms with global ties. Irakli Gilauri just happens to be the brother of Nika Gilauri, formerly a key figure in the Georgian government and prime minister of Georgia from 2009 -2012. Both Georgia Capital and Nika Gilauri, now a vocal opposition figure, have condemned the inclusion of Irakli Gilauri in the list as “a discrediting operation”. But the attention on Irakli Gilauri goes beyond his political affiliations. His record in management is blotted by legal disputes, including a current case involving the British Georgian Academy, Georgia’s leading international school, accredited by the Council of British International Schools (COBIS). The dispute centres on allegations that Gilauri and Georgia Capital failed to fulfil investment commitments after acquiring a 70 per cent stake in the school. Its founder, Natia Janashia, accuses Gilauri and his associates of fraud. Following a legal battle in Tbilisi, the court granted her relief against Georgia Capital’s attempts to remove her. With the legal dispute now heading to the high court in London where Georgia Capital is listed, further revelations about Gilauri’s management practices are likely to follow. If sanctions against business leaders like Irakli Gilauri do materialise, the flight of capital from Georgia could accelerate rapidly. More broadly, the increasing alignment of Georgian institutions with pro-Russian policies raises serious concerns about the sustainability of investments there. Investors in London must grapple with the risks posed by a government that is willing to sacrifice its Western economic ties in pursuit of political consolidation in Russia. Caveat emptor. |
Posted at 17/2/2025 10:03 by challengeinvestor7 Here's the Telegraph article on CGEO's CEO Irakli Gilauri FYI - can see a response from the Board on their site but nothing further from US State Dept re: sanctions. Anyone seen different? Irakli Machaidze, The Telegraph: Georgia's drifts towards authoritarianism has repercussions for the London Stock ExchangeWhat happens in the Caucasus is no longer confined to a distant and too often overlooked region of EuropeGeorgia, until recently a source of economic optimism on the troubled fringes of Europe, has elected to follow an anti-democratic path towards Moscow. The ruling Georgian Dream party has effectively halted the country's EU accession talks, triggering political unrest, Western sanctions and mounting investor anxiety.The TV images of protesters being beaten are heartbreaking. But while international media has focussed on democratic backsliding, a parallel threat is arising for foreign businesses and investors, particularly those invested in nominally "safer" stocks on indices like the London Stock Exchange.New names are being added to international sanctions lists all the time. Alongside already sanctioned government ministers, there now appear names of leaders of large U.K. based companies, including firms listed on the LSE. These individuals are being outed as "enablers" and beneficiaries of authoritarian practices, and they are facing potential sanctions in the US and elsewhere.Three London-listed Georgian firms, Bank of Georgia Group PLC, TBC Bank Group PLC, and Georgia Capital PLC, serve as barometers of the country's volatility. Since April 2024, when the Georgian government revived it push for a Russian-style foreign agents law, these companies' share prices have plummeted by an average of 10 to 15 per cent. Georgia's parliamentary elections in October, widely condemned as fraudulent, triggered a further 10 per cent fall. Political turmoil is manifesting in financial instability, prompting Fitch Ratings to downgrade Georgia's outlook from "stable" to "negative"Sanctions on political elites undermine investor confidence, especially in nations dependent on foreign investment. While U.S. sanctions against Georgian Dream founder Bidzina Ivanishvili aim to limit his influence, they have a broader effect. As Georgia becomes geopolitically isolated, its economic reliance on Russia and non-Western actors will only increase.Compounding these risks, Georgia has refused to join Western sanctions against Russia, fuelling suspicions it is facilitating sanctions evasion. Former US sanctions coordinator James O'Brien has raised concerns that Georgia is bolstering Russia's military supply chain, claims substantiated by investigative journalists working in Georgia.Meanwhile, the National Bank of Georgia has implemented a rule that shields sanctioned individuals from international restrictions: the Bank will only enforce sanctions if a local court has found an individual guilty, an unlikely outcome given Georgian Dream's control of the judiciary.Western sanctions-setters want to close loopholes by targeting businesses that back the Georgian government. The most high-profile target to date is Irakli Gilauri, Chairman and CEO of Georgia Capital PLC. A recent letter from the US House of Representatives, obtained by Radio Liberty, urged US Secretary of State Marco Rubio to impose sanctions on individuals accused of "enabling" Bidzina Ivanishvili, naming Gilauri among them.This matters because Georgia Capital holds a 20 per cent stake in Bank of Georgia, another LSE-listed Georgian giant. Sanctioning the likes of Gilauri will inevitably shake investor confidence in the governance of Georgian firms with global ties.Irakli Gilauri just happens to be the brother of Nika Gilauri, formerly a key figure in the Georgian government and prime minister of Georgia from 2009 -2012. Both Georgia Capital and Nika Gilauri, now a vocal opposition figure, have condemned the inclusion of Irakli Gilauri in the list as "a discrediting operation".But the attention on Irakli Gilauri goes beyond his political affiliations. His record in management is blotted by legal disputes, including a current case involving the British Georgian Academy, Georgia's leading international school, accredited by the Council of British International Schools (COBIS).The dispute centres on allegations that Gilauri and Georgia Capital failed to fulfil investment commitments after acquiring a 70 per cent stake in the school. Its founder, Natia Janashia, accuses Gilauri and his associates of fraud. Following a legal battle in Tbilisi, the court granted her relief against Georgia Capital's attempts to remove her. With the legal dispute now heading to the high court in London where Georgia Capital is listed, further revelations about Gilauri's management practices are likely to follow.If sanctions against business leaders like Irakli Gilauri do materialise, the flight of capital from Georgia could accelerate rapidly. More broadly, the increasing alignment of Georgian institutions with pro-Russian policies raises serious concerns about the sustainability of investments there. Investors in London must grapple with the risks posed by a government that is willing to sacrifice its Western economic ties in pursuit of political consolidation in Russia. Caveat emptor. |
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.R |
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 29/8/2023 21:21 by pj84 Bank of Georgia boosts Georgian Capital as analysts eye opportunityGeorgia 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-linke 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&rsquo |
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