Georgia Capital (GCAP) posted a 13.2% NAV total return (TR) in local currency terms in H121 (15.2% in sterling), driven by an improved operating performance across its private holdings (assisted by Georgia’s 12.7% y-o-y real GDP rebound in H121), a c 10% rise in the Bank of Georgia’s share price and appreciation of the Georgian lari versus the US dollar. GCAP continues to focus its new investments on the education and renewable energy sectors. It recently announced a school acquisition and the o ....
13 Sep 2021
Georgia Capital - Value creation on the back of macro recovery
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Georgia Capital - Value creation on the back of macro recovery
Georgia Capital Plc (CGEO:LON) | 1,292 -129.2 (-0.8%) | Mkt Cap: 551.3m
- Published:
13 Sep 2021 -
Author:
Milosz Papst -
Pages:
15
Georgia Capital (GCAP) posted a 13.2% NAV total return (TR) in local currency terms in H121 (15.2% in sterling), driven by an improved operating performance across its private holdings (assisted by Georgia’s 12.7% y-o-y real GDP rebound in H121), a c 10% rise in the Bank of Georgia’s share price and appreciation of the Georgian lari versus the US dollar. GCAP continues to focus its new investments on the education and renewable energy sectors. It recently announced a school acquisition and the o ....