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Pin to quick picksGeorgia Capital Share News (CGEO)

Share Price Information for Georgia Capital (CGEO)

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Share Price: 1,166.00
Bid: 1,154.00
Ask: 1,158.00
Change: 8.00 (0.69%)
Spread: 4.00 (0.347%)
Open: 1,140.00
High: 1,168.00
Low: 1,140.00
Prev. Close: 1,158.00
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TRADING UPDATES: Acuity RM wins contract; Georgia Capital ups earnings

Tue, 31st Oct 2023 14:38

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday, and not separately reported by Alliance News:

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Acuity RM Group PLC - London-based provider of risk management services - Subsidiary Acuity Risk Management Ltd wins three-year contract worth GBP161,000 for the use of Acuity's software platform Stream by a new client to manage their ISO 27001 framework and "excellence of service." Acuity RM Chief Executive Officer Angus Forrest says: "It is a great pleasure to win a contract with a company where there is potential to grow the account substantially. In this case it also brings a new partner into the Acuity orbit of operations, with the potential to assist Acuity grow in global markets."

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Brand Architekts Group PLC - London-based challenger brand business in beauty sector - In the financial year that ended June 30, pretax loss widens to GBP6.8 million from GBP4.1 million a year prior. Revenue climbs 40% to GBP20.1 million from GBP14.3 million. Cost of sales increases 27% to GBP12.1 million from GBP9.5 million. Commercial and administrative costs increase to GBP10.2 million from GBP6.9 million. Exceptional items cost regarding impairment of intangible assets balloons to GBP3.5 million from GBP500,000. Looking ahead, company says: "The immediate priorities are driving brand awareness of key Invest and Nurture brands, delivering revenue synergies through international expansion, a laser focus on brand contribution and releasing working capital tied up in harvest brands. We remain confident that the foundations we are building will enable us to return to profitability and achieve our medium and long-term goals."

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Evgen Pharma PLC - Cheshire, England-based clinical stage drug developer - In the six months to September 30, pretax loss narrows to GBP1.5 million from GBP2.2 million a year prior. Revenue is GBP396,000 compared to none a year ago. Operating expenses decrease to GBP1.9 million from GBP2.2 million. Looking ahead, Evgen Pharma says: "In the last six months the company has completed an insightful...volunteer study and continues to analyse gene expression data from the study. These results will be made public when the analysis is complete. Evgen continues to work closely with its partner Stalicla on its programme in ASD and will provide updates as the programme proceeds. The company anticipates publication of the radio-sensitisation data for SFX-01 in models of rhabdomyosarcoma from collaborator La Sapienza University, Rome in early 2024."

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Georgia Capital PLC - Tbilisi-based investor focusing on domestic businesses in Georgia - Net asset value per share on a sterling basis improves 6.0% to GBP23.44 as at September 30 from GBP22.12 at June 30. On a Georgian lari basis, rises 5.1% to GEL76.99, from GEL73.28 during the same time period. Revenue in the first nine months of 2023 rises 9.6% to GEL1.53 billion, around GBP470.7 million, from GEL1.40 billion a year prior. Earnings before interest, tax, depreciation and amortisation improve 4.2% to GEL193.1 million from GEL185.3 million. Looking ahead, Chair and CEO Irakli Gilauri expects the company to be "extremely well-positioned to deliver consistent NAV per share growth in the medium to long term, all while making further progress on our key strategic and capital management priorities."

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Strip Tinning Holdings PLC - Birmingham-based electrical connectors provider for automotive sector - In the third quarter of 2023, trading was in line with own expectations. Strip Tinning expects to meet 2023 market guidance, which is revenue of GBP9.4 million, down around 8.1% from GBP10.2 million in 2022, adjusted Ebitda of GBP100,000, swung from an adjusted Ebitda loss of GBP2.3 million, and net debt of GBP3.6 million, narrowed from GBP4.2 million.

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Voyager Life PLC - Australia-focused mineral exploration and development company - Expects revenue in the first half of 2023 to be over GBP165,000, up from GBP135,000 a year ago. Expects gross margin of around 43% compared to 44% a year prior. Chief Executive Officer Nick Tulloch says: "October has seen two notable interventions in the CBD market, first from the Food Standards Agency and then from the UK government. As we would expect to see in any fast growing market, regulators are becoming more involved in the formulation of CBD and cannabinoid products. At first glance, the new guidance from the FSA would appear to limit the scope of the industry but, in fact, the effect on our business in the two weeks since publication appears to be positive."

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Apr 2019 08:25

Georgia Capital commissions first phase of Mestiachala power plant

(Sharecast News) - Georgia Capital's renewable energy business has commissioned the first 30MW phase of the Mestiachala hydro power plant, it announced on Monday, while also remaining on track to launch the second 20MW phase in June.

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27 Mar 2019 08:34

Georgia Capital Beverages Arm Buys Georgian Beer Brand Kazbegi

LONDON (Alliance News) - Georgia Capital PLC on Wednesday said its beverages business has acquired the name and commercial assets of Georgian beer brand Kazbegi.The investment company said

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6 Feb 2019 13:52

Georgia Capital Wholly Acquires Tbilisi Hotel For USD5.2 Million

LONDON (Alliance News) - Georgia Capital PLC said on Wednesday it has acquired the remaining 40% stake it didn't already own in a luxury hotel in Tblisi, Georgia for USD5.2 million.m2 a

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10 Dec 2018 08:41

Bank Of Georgia Group Chief Executive Kaha Kiknavelidze To Step Down

LONDON (Alliance News) - Bank of Georgia Group PLC said on Monday that Chief Executive Officer Kaha Kiknavelidze will step down as soon as a successor can be appointed.The FTSE 250-listed a

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30 Nov 2018 08:26

Georgia Capital Granted Property Development Approvals Through m2

LONDON (Alliance News) - Georgia Capital PLC said on Friday it has made progress on housing and real estate projects approvals in Georgia, through subsidiary m2 Real Estate.In the housing a

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2 Oct 2018 11:47

Georgia Capital's Water Utility Arm Commissions Hydro Power Plant

LONDON (Alliance News) - Georgia Capital PLC on Tuesday said its water utility business, Georgia Global Utilities, has commissioned its 2.5 megawatt Bodorna hydro power plant near of the power in

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18 Sep 2018 14:50

DIRECTOR DEALINGS: Georgia Capital Deputy CEO Buys Stock

LONDON (Alliance News) - Georgia Capital PLC on Tuesday said Deputy Chief Executive Avto Namicheishvili bought over GBP200,000 worth of shares in three deals last week.Firstly, on Wednesday

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12 Sep 2018 17:58

DIRECTOR DEALINGS SUMMARY: Georgia Capital CEO Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.----------Investment company Georgia Capital said Chief Executive Officer at

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12 Sep 2018 16:31

DIRECTOR DEALINGS: Georgia Capital CEO Buys GBP507,000 In Shares

LONDON (Alliance News) - Investment company Georgia Capital PLC said Chief Executive Officer Irakli Gilauri purchased 17,500 shares at a price of 989 pence per share on Monday and a further 33,762

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5 Sep 2018 18:14

DIRECTOR DEALINGS: Georgia Healthcare CEO Buys Georgia Capital Shares

LONDON (Alliance News) - Investment company Georgia Capital PLC said the chief executive officer of Georgia Healthcare Group PLC, in which Georgia Capital holds a majority stake, purchased 15,000

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31 Aug 2018 17:38

DIRECTOR DEALINGS: Georgia Capital Chief Executive Officer Buys Shares

LONDON (Alliance News) - Georgia Capital PLC on Friday said Chief Executive Officer Irakli Gilauri purchased 34,709 shares in the investment company in two transactions.On Wednesday, 31,138

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29 Aug 2018 13:28

DIRECTOR DEALINGS: Georgia Capital CEO Buys GBP43,000 In Shares

LONDON (Alliance News) - Georgia Capital PLC said Wednesday that Chief Executive Officer Irakli Gilauri bought shares worth GBP43,153.Gilauri acquired 4,232 shares at 1,019.70 pence each.

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23 Aug 2018 09:15

Georgia Capital To Maintain Its Holding In Georgia Healthcare (ALLISS)

LONDON (Alliance News) - Investment company Georgia Capital PLC on Thursday said it no longer expects to own less than a 50% stake in Georgia Healthcare Group PLC by the end of 2018.Georgia

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22 Aug 2018 11:01

Georgia Capital buys rest of winemaker Kindzmarauli Marani

(Sharecast News) - Georgia Capital announced the buyout of the remaining 39.5% equity stake in Kindzmarauli Marani on Wednesday.

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22 Aug 2018 08:40

Georgia Capital Acquires Remaining Interest In Local Wine Producer

LONDON (Alliance News) - Georgia Capital PLC on Wednesday said it intends to acquire the remaining 39.5% stake in wines & spirits producer Kindzmarauli Marani LLC.Back in April, the a a

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