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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Georgia Healthcare Group Plc | GHG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.80 | 70.80 |
| Top Posts |
|---|
Posted at 15/9/2019 11:28 by loganair MoneyWeek - Adventurous investors should head for the frontier in Georgia by David C Stevenson 13/08/2019:Georgia Capital, a London-listed investment fund, is trading on a big discount and looks a good bet for the brave. One of the great virtues of the London stockmarket is that there’s a healthy number of funds to appeal to investors looking for the next frontier. One of the lower-profile examples is Georgia, a destination that probably isn’t on the radar for many people, but represents an interesting prospect for the brave investor. Solid fundamentals Georgia is a tiny state nestled on the western edge of the Caucasus mountain range. It has a population of just 3.7 million, yet boasts a number of advantages. Its government is trying to stay friendly with the West as well as with Russia – although every once in a while its overbearing northern neighbour throws a tantrum and threatens exports. National markets are steadily opening up to international competition (Turkey is one key trading partner) and Georgia is keen to position itself as a transit point in trade between Central Asia and Europe. Its lack of commodity wealth is also probably something of a positive, making local businesses work harder for their profits. The economy has been growing at a fairly steady 4% to 6% clip since 2017 with inflation on target to stay below 3%, and a rapidly improving trade deficit. National finances look stable with interest rates at 6.5% and central-bank foreign-exchange reserves steadily growing. A promising fund Bank of Georgia, a local bank, has been listed on the main segment of the London Stock Exchange since the spring of 2012. Back in 2018 it decided to de-merge into two separate businesses: Bank of Georgia (LSE: BGEO), the banking business; and Georgia Capital (LSE: CGEO), the investment fund business. At the time I thought that this investment arm was interesting, but timing wasn’t ideal and the demerger took place at net asset value (NAV), which I thought might be a bit rich. Rows then developed with Russia, which helped knock sentiment and since the demerger the shares have drifted ever lower. At the current share price of around £10 a share, the discount to NAV looks to be about 30%, which strikes me as better. In simple terms, Georgia Capital is a hybrid fund, containing of two main components. The biggest chunk (60%) consists of substantial holdings in Bank of Georgia (19.9% stake) as well as a 57% stake in Georgia Healthcare (LSE: GHG). These are both performing well. Georgia Healthcare has recently announced a dividend policy, and plans to pay out 20%-30% of annual profit. Bank of Georgia’s shares are still lowly priced, trading at 1.4 times book value, on a price-to-earnings ratio of around five and a dividend yield of over 10%. Fast-growing private equity The other portion of the portfolio is a fast-expanding range of private-equity holdings. Recent investments include an 80% equity interest in Green School, the leading affordable private school, and an 80% interest in Amboli, the second-largest auto-service firm. In March, Georgia Capital’s drinks operation acquired the brand name and commercial assets of Kazbegi, the country’s oldest beer brand, for $3.65m (£3m). Meanwhile, the renewable energy business has commissioned the 30MW first phase of the Mestiachala hydro power plant, with a further 20MW second phase under way. This frenetic pace of activity shows up in the latest reported quarterly numbers which showed a 7.2% return in local currency terms for the first quarter of this year (3.5% in sterling terms) – comprised of a 12.1% total return in local currency from the listed portfolio companies and a 2.1% total return from the private portfolio companies. Overall, I think Georgia Capital now looks like a good bet as long as Georgia can keep on good terms with Russia. |
Posted at 15/7/2016 08:00 by jswjsw "Undistributed profits no longer subject to 15% tax after this yr." !!!Last qr: There are still many service gaps in Georgia which, as the largest provider of healthcare services in the country, GHG is focused on covering. Abs massive potential in this. j |
Posted at 05/3/2001 00:27 by boyblue Aveso has only taken over part of GHG.....see belowI am stiil hopeful that we might get something when the dust has cleared..... after all JH has a lot more to loose than me !! RNS Number:8018Z Avesco PLC 2 March 2001 AVESCO plc ('Avesco' or 'the Company') Acquisition of Gearhouse Midlands Avesco plc, the provider of specialist services to the corporate presentation, entertainment and broadcast markets, announces that it has acquired the business and certain assets of the Midlands and North division ('Gearhouse Midlands') of Gearhouse Group plc ('Gearhouse Group') from Gearhouse Group acting through its joint administrative receivers ('the Acquisition'). Avesco has acquired Gearhouse Midlands for a total consideration of #4 million in cash. The business and assets acquired include the operations in Birmingham, Manchester and Glasgow and at the NEC. The assets acquired are primarily goodwill, fixed assets and stock, and exclude trade debtors. Background to the Acquisition On 28 December 2000, trading in Gearhouse Group shares on the London Stock Exchange was suspended after Gearhouse Group announced that it would not be in a position to announce its preliminary results for the year ended 30 June 2000 by the time required by the Listing Rules. On 23 February 2001, Gearhouse announced that partners in Ernst and Young had been appointed as joint administrative receivers. Information on Gearhouse Midlands Gearhouse Midlands, based in Birmingham, supplies audio visual presentation and event production equipment for both rental and sale to the corporate and exhibition markets. It provides audio visual staging services for all aspects of the events industry, from corporate presentations and live entertainment events to exhibitions and trade shows. The relevant assets of Gearhouse Midlands being acquired had a net book value at 30 June 1999, the date to which the last audited accounts of the companies concerned were made up, of approximately#5.7 million. In the year ended 30 June 1999, the relevant companies representing Gearhouse Midlands reported profit before tax of approximately #1.5 million. Subsequent unaudited financial information of Gearhouse Midlands indicates a deterioration in trading results and a reduction in the net book value of the assets concerned. Reasons for and Benefits of the Acquisition Avesco believes that the Acquisition represents a significant opportunity for Avesco to extend its presence in the UK, in particular broadening its customer base in the exhibition sector. Avesco considers that the Acquisition will provide opportunities in the areas of customer cross selling and improved resource utilisation. Avesco believes that the Avesco and Gearhouse Midlands businesses together will provide a platform for further growth and consolidation opportunities in the Company's core markets. For further information: Avesco plc - Tel: 020 8974 1234 David Nicholson, Chief Executive David Brocksom, Finance Director Investec Henderson Crosthwaite - Tel: 0207 597 5970 Bruce Fireman, Managing Director of Corporate Finance |
Posted at 28/12/2000 20:13 by adipaul Doesn't surprise me. Seems like a change of strategy since J.H. joined the board a few weeks ago. Of course, these things take time. A plan must have been initiated, but obviously they have not had time to complete before the results were due out. In that case, suspension must be the only way to go. I have a feeling it is a requirement if results are not submitted by the due date. Please correct me if I am wrong. I think this is a good sign. They are not under pressure, the price is static, and we can look forward to a positive announcement. GHG is not going bust. It would have gone down before now. Here is a quote from J.H. on Blakes Clothing which was a similar scenario and made him £700k from £15k. "Interestingly Blakes was the sort of stock that everyone saw as going bust. I initially had 4%, but started trickling out most of that at a small profit just before suspension. It was just after suspension that they rocketed (now that was a momentum stock)." Regards, Paul. |
Posted at 28/12/2000 17:20 by boyblue GHG suspended.......but the company is going to get sorted one way or another....JH will protect his investment and things might move faster than we thought.RNS Number:4735W Gearhouse Group PLC 28 December 2000 Gearhouse Group plc The Board of Gearhouse Group plc ('Gearhouse' or the 'Group') announces that it will not be in a position to announce the Group's preliminary results for the year ended 30 June 2000 before the end of this month as required by the Listing Rules. On 19 October 2000, the Board announced that it was reviewing the Group's financial structure and that it was in discussions with its bankers about the banking arrangements and the appropriate level of current facilities. As a result of these ongoing discussions, the Board has embarked, with the support of the Company's bankers, upon a major working capital and debt rationalisation programme, which may involve the disposal of parts or part of the Group. The Board has received expressions of interest for certain subsidiaries that constitute a material part of the Group's operations. It is the Directors present intention to seek to have the shares of the Group restoredonce the results for the year ended 30 June 2000 have been finalised and progress has been made on the debt reduction and rationalisation programme. END |
Posted at 22/12/2000 09:04 by money loser Merry Christmas ADIpaulThinking of topping up. Shrewd investors 1) are bargain hunters 2) look for undervalued companies undergoing significant turnaround 3) invest in small cap companies (because fleas jump much higher than elephants) Mr Hemming knows what he is doing. Thats why he is so rich. GHG is currently valued at £5.8m Its turnover this year should be in the regions of £70m Because of discontinued operations and debt it will however report a loss this year If it goes back into profits the following year it should be valued back at previous market cap of £30m This puts its shareprice at 150p and above Still risky but upside is massive DYOR |
Posted at 21/12/2000 09:39 by adipaul I've just spoken to John Wall and asked him when the results will be out. He replied "This month". I asked if he could tell me which day and he said that they were working on it and all he could say was by the end of the month.The rules were that a company had a deadline of six months from financial year end to report results. 31st. Dec. is the deadline for GHG. The rule has been changed to four months. GHG fell under the old rules this time. Of course there are only four trading days left this month, so it's not long to go. Regards, Paul. |
Posted at 21/12/2000 09:29 by adipaul Hi, I've just spoken to John Wall and asked him when the results will be out. He replied "This month". I asked if he could tell me which day and he said that they were working on it and all he could say was by the end of the month.The rules were that a company had a deadline of six months from financial year end to report results. 31st. Dec. is the deadline for GHG. The rule has been changed to four months. GHG fell under the old rules this time. Of course there are only four trading days left this month, so it's not long to go. Robowen, I do not have any contacts or inside track to the company. I just phone the contact number given with announcements or listed in fundemental data. I've never been vetted by any company I've called. If they did, they would probably invite me on the board! ;-) Paul. |
Posted at 30/11/2000 16:55 by mungoa Purchaser goes by the name of Auction Man.Here is his final post on iii GHG bb a little while ago: ~~~~~~~~~~~~~~~~~~~~ "best deal i can get is 24.5 for 100k. Raised my limit buy to 23.5 to see if late trade possible [dont think so though]. Would buy extra 100-200k if i could steal them. Sitting on 240k @.26 ave . Holding now and will buy into rises once initial 240k starts into profit.Good luck all! PS i see john hemming posts on E trade he will know next week if he will become a director ! " ~~~~~~~~~~~~~~~~~~~~ courtesy of iii, and Auction Man posting on GHG bb |
Posted at 30/11/2000 10:03 by mungoa From iii GHG bb this morning:.........." Well, vol. has now dropped off. So too did the sellers by lunch time yesterday. Obviously as the sell price moves slowly up one could see various sellers at each stage (those with big losses who are nervous, out of time (T's), those who bought at the bottom/are buying along the way , or holders from before the 35p peak who want out). However...with perhaps positive news, and some steadying of the price, handsome progressive gains should occur. Value Chaser/John Hemmings outlines his belief in the co 's fundamentals and upside on the price. Obviously as you point out this will take more than a couple of days, but not too long either. Anyway, you all know this already. " ~~~~~~~~~~~~~~~~~~~~ taken from iii GHG bb this morning.......just as a view point as its a bit quiet here ! |
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