Georgia Capital Q2 NAV per share rises 13.1%
Georgia Capital Q2 NAV per share rises 13.1%
Overview
Georgia investment holding firm's Q2 NAV per share rose 13.1% q-o-q to record GEL 175.12
Company completed disposal of housing development unit, reducing net debt and risk profile
New GEL 1 bln capital allocation programme launched, starting with US$ 50 mln share buyback
Outlook
Georgia Capital launches new GEL 1 bln capital allocation programme through end-2029
Company to start programme with initial US$ 50 mln share buyback and cancellation
At least half of GEL 1 bln programme expected to be allocated to capital returns
Result Drivers
PRIVATE PORTFOLIO GROWTH - Strong operating performance at large private portfolio companies, with aggregate revenues up 19.1% y-o-y and EBITDA up 21.2% y-o-y in Q2, drove value creation
LION FINANCE GROUP SHARE PRICE - Value creation in listed portfolio driven by 22.1% increase in Lion Finance Group's share price during the quarter
HOUSING UNIT DISPOSAL - Completion of housing development business sale reduced net debt and advanced capital-light investment strategy
Company press release: ID:nRSD0945Pa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Asset Value Per Share |
| GEL 175.12 |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Georgia Capital PLC is GBp3,805.00, about 7.2% below its August 3 closing price of GBp4,100.00
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)