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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 |
| 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 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 11:07 by adipaul moneyloser (hope not)... it doesn't need many shares traded with the small amount in circulation to move this up or down. It could well be a comparatively large order waiting to be filled that has pushed it up, or it may even be your first 10k that did it.swisher99 (is that a posh ice cream?) The results are expected to be good turnover but with a debt inherited from the previous management. The new bunch have been working on this for the last six months or so, and I think the situation has been stabilised. However, I am hoping for details of some sort of strategy which will enable the elimination of most, if not all, of the debt and/or a quick recovery to profitability. How you play it is up to you, but I am holding and, if I had more funds, would accumulate more. A lot of investors seem to be looking towards recovery plays at the moment, so the results could make a lot of difference. Most stocks suffer a dip after results from short term investors who bought on the run up selling. If the results please, then they might not. All just my opinion, no advice intended and your own research should guide you. Regards, Paul. |
Posted at 21/12/2000 00:28 by adipaul A miniscule amount by some standards, 21,000, but it's all of the "speculative" cash I have left after this years disastrous market. I am hoping this will start me off on a much better 2001. Learned a lot the hard way in 2000 and decided to hang on to the coat tails of the shrewder investors for a change. J. Hemming isn't selling, so neither am I. Everson-Crane sold and bought back in. There must be a damn good reason. The spread on this makes it difficult to jump in and out, and I've done a little too much of that this year so I'm gritting my teeth and staying in "Fearhouse". We've seen the way it drops, but remember the way it goes up! Of course, I'd like to make a quick killing, but if that happens, I shall still keep some in for the longer term.Regards, Paul. |
Posted at 13/12/2000 20:39 by mungoa Not wanting to distract anyone or anything......but...Now I hate link up theories....a real way to get fleeced.....I, as ye all know (specially those who, for months now, minted with me on AMY :o), stick to charts....but the links are interesting you must admit. Back to main GHG topic......this is really great news about Crane. Now he's in for almost the same packet as before. Others may be sniffing around as well. No doubt Hemmings and Crane have spoken by now, and Crane still buys yesterday at just a penny or so off our closing price tonight. So that is not to be underestimated. It really is significant in the med-term. Isn't it always sad that it takes such huge vol. to move a price up.....but as soon as someone sells just 7,000 shares (a measly £3000)...the mm's leap at the chance to shake out sellers and move the price down immediately. I/we should be mm's. Today was a classic. On the charts I jotted last night re what might happen this morning....what transpired was what I had classed as an "average scenario". Two days of v.fast climbs had to result in a fall today or tomorrow. I had aimed for a close of 38/40....lucky guess?...probably... You all know this, so sorry for spelling it out. ....but then again, maybe when we see a markdown of 5/6% we get gripped....how far will it fall? Should i sell now? I've lost before etc etc. Well this aint Pan Andean (needs results or forget it) or Billam (a dog supported on hope) or any of the other busy bb shares. This company has: *)strong fundamentals *)new board director, Hemmings, a man who hates failure more than he loves success *)new heavy investors (eg Crane) *)profit warning out of the way (hence the bargain we picked up) etc etc ....there,...I think I've convinced the dog and the cat who are watching. :O) |
Posted at 12/12/2000 20:23 by bruno 18:22, Tue 12 Dec 2000 Everson-Crane comes back to Gearhouse James Everson-Crane has bought back a stake in conference and exhibition group Gearhouse just a week after selling off his entire holding. He started building his original 6% stake when the company was reeling from two profits warnings last year. At the time his presence prompted speculation that he might reverse his private exhibitions company, Presentation Group, into Gearhouse(GHG). In recent weeks shrewd investor John Hemming has emerged as the largest shareholder in Gearhouse with a 13.5% stake, taking a non-executive role on the board. This coincided with Everson-Crane informing Gearhouse on 28 November that he had sold 944,365 shares or 4.87% of the £7 million company. He then sold his last 96,242 shares at the beginning of this month. How strange then that today the company has announced that Everson-Crane has a notifiable interest in 680,001 shares or 3.51% of the company. We called him to get to the bottom of this mystery but he was unavailable for comment. With Gearhouse’s share price rising over the past week or so it is likely that Everson-Crane sold out well below the price at which he bought his new holding. In the past two days the share price has gained a further 10.5p to close this afternoon at 41.5p, up 5p on the day. This is still a far cry from two years ago when the shares peaked at 395p. Those profit warnings enabled Hemming to buy his stake from an institutional investor at 14p. Intrinsic Value, the special situations fund run by Luke Johnson and Mark Horrocks also has a holding but appears to be sitting tight. It took a holding of 500,000 shares or 2.58% of the company in January. ©2000 citywire.co.uk |
Posted at 12/12/2000 19:08 by dave46 Got this from citywire, any other press?Everson-Crane comes back to Gearhouse James Everson-Crane has bought back a stake in conference and exhibition group Gearhouse just a week after selling off his entire holding. He started building his original 6% stake when the company was reeling from two profits warnings last year. At the time his presence prompted speculation that he might reverse his private exhibitions company, Presentation Group, into Gearhouse(GHG). In recent weeks shrewd investor John Hemming has emerged as the largest shareholder in Gearhouse with a 13.5% stake, taking a non-executive role on the board. This coincided with Everson-Crane informing Gearhouse on 28 November that he had sold 944,365 shares or 4.87% of the £7 million company. He then sold his last 96,242 shares at the beginning of this month. How strange then that today the company has announced that Everson-Crane has a notifiable interest in 680,001 shares or 3.51% of the company. We called him to get to the bottom of this mystery but he was unavailable for comment. With Gearhouse’s share price rising over the past week or so it is likely that Everson-Crane sold out well below the price at which he bought his new holding. In the past two days the share price has gained a further 10.5p to close this afternoon at 41.5p, up 5p on the day. This is still a far cry from two years ago when the shares peaked at 395p. Those profit warnings enabled Hemming to buy his stake from an institutional investor at 14p. Intrinsic Value, the special situations fund run by Luke Johnson and Mark Horrocks also has a holding but appears to be sitting tight. It took a holding of 500,000 shares or 2.58% of the company in January. ©2000 citywire.co.uk |
Posted at 11/12/2000 14:50 by mungoa Oh dear.....it worries me. You see, most of the dross still inhabits iii, but they are migrating over to advfn bit by bit. Is that bad?....yes. The bb's will go down hill. Then traffic will decrease here......advfn suffers.....and we all lose out. Hope it does not go that way.Schrewd investors here will point out anyway, that dross feeds the market....especially bear markets. Anyway back to ghg....any thoughts? |
Posted at 06/12/2000 20:58 by mungoa Milly et alThe great traders and investors of this (actually last) century will all tell you....growth of your investment pot takes time. But care during that time ensures fewer mistakes. .....and we all make mistakes. One often cited, is to close winning investments too soon, and conversely to hold onto losers. Impatience coupled with greed usually kills private investors. John Hemmings, as an example of a winning investor, has researched this stock carefully. Probably fair to say.....mucu much more carefully than most. He has issued his price targets, and the timescales are not too long. All of us can draw our own conclusions. |
Posted at 27/11/2000 14:38 by rhodesc I'd be tempted to hold a little longer as you have now breached your stop loss.However, I think the price will move around as day traders and short term investors now will trade in this stock as it has more exposure because of Mr Hemmings purchases. I did not buy myself as I am waiting for more positive announcements from the company rather than a private shareholder (even though he invested alot of money Mr Hemmings is a private shareholder - others still have 'sell' signs up e.g. Investors Week last week said 'sell') |
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