Georgia Capital Share Price (CGEO)

Shares in Issue 42.67m

Market Cap. £561.59m

Market Size 1,000

PE Ratio 2.395543

Earnings 549.3536

Dividend 0.00

Yield 0.00%

I first bought BGEO 18/5/2018 , shortly after on 29/5/2018 it demerged.

And I had equal amount of BGEO and CGEO .

On 1/7/2019 I buy BGEO a second time acc shows , selling that second buy and out completely of BGEO on 20/11/23.

So I still have original CGEO ( From demerge split )

Then I buy GHG ( Georgia Health ) about 5 months after the second BGEO buy on 20/12/19 ( first buy ) then same amount again 30/12/2019 , and smaller amount on 8/1/2020 third buy ( maybe a rights ? )

On 4/10/2022 GHG are exchanged for CGEO shares but not on a one for one ratio.

like BGEO appear to have gone up 33% this calendar year to all time high .

Higher interest rates and other things boasting the Georgia economy apparently.

I reread this from poster SD235 on the thread I started on BGEO.

RE: Might be of interest to some here .7 Oct 2022 14:34

As I read it Georgia health was demerged from bank of Georgia before Georgia capital. When Georgia capital was demerged it held 66% of the shares of Georgia health. Georgia health did badly on the UK stock exchange so was bought back. I think we can only sell companies to other companies as there is no demand for Georgian companies on theUK stockmarket. Even bank Georgia trades on a p/e of 5 and Georgia capital is on at least a 60% discount.

I think the only way to increse share price of Georgia capital is to pay a dividend but buy backs on a 60% discount have to come first.

Particularly liked the accessibility, frankness and awareness of this comment in the boss' statement to shareholders:

The discount of our share price to our NAV per

share has remained too wide, despite our share

price increasing by 40% during 2023, and we

responded to this by buying back more of our

shares (perhaps the best investment we can be

making at the current levels of NAV discount),

and reducing leverage in the business

Been asleep for awhile!.

Another alternative would be to simply distribute the BGEO shares in specie to the CGEO shareholders.

CGEO "managing" this investment adds zero value . As far as I know they don't have a board seat so what exactly they do is beyond me.

The BGEO stake is currently worth £440m = just over £10 per share of CGEO. In theory the CGEO share price would drop from its current £13.00 to £3.00 after the distribution. So the remaining portfolio of £709m / £16.50 per share would be trading at £3. Something would have to give.

Good first post after 12 years membership!