Georgia Capital Q3 NAV per share rises 13.6% sequentially

Overview

• Investment holding company's Q3 NAV per share rose 13.6% sequentially to record GEL 198.91

• Company extended share buyback programme by US$50 mln to US$100 mln total

• Company achieved full deleveraging at HoldCo level, reducing gross debt to zero

Outlook

• Company expects to sustain NAV per share growth over the medium to long term

• Healthcare services business plans GEL 53 mln capex, targeting ROICs above 20% and potential IPO in 3-5 yrs

Result Drivers

• PORTFOLIO PERFORMANCE - Co attributed NAV per share growth to strong operating results in large private portfolio companies and a rise in Lion Finance Group's share price

• PRIVATE PORTFOLIO GROWTH - Co said double-digit revenue and EBITDA growth in large private portfolio companies drove value creation

Company press release:

Key Details

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 GBp5,055.00, about 20.1% above its October 27 closing price of GBp4,210.00

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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.)