Bank of Georgia Group (BGEO)

Sector:

Banking

Index:

FTSE 250

4,140.00p
   
  • Change Today:
    -45.00p
  • 52 Week High: 5,420.00
  • 52 Week Low: 2,650.00
  • Currency: UK Pounds
  • Shares Issued: 45.26m
  • Volume: 241,025
  • Market Cap: £1,873.70m
  • RiskGrade: 206

BGEO completes $70m buyout of Georgian Global Utilities

By Josh White

Date: Thursday 21 Jul 2016

LONDON (ShareCast) - (ShareCast News) - BGEO Group announced on Thursday that JSC BGEO Investments, a wholly-owned subsidiary, has completed the recently-announced acquisition of the remaining 75% equity stake in Georgian Global Utilities.
The FTSE 250 firm owns 100% of GGU as a result of the buyout.

It had initially announced the acquisition of the the water and wastewater services group on 23 June, for a total consideration of $70m.

"The buy-out of the remaining 75% of GGU fits into our strategy to acquire attractive businesses which can be monetized within a six year period, via an IPO or an M&A trade," said BGEO CEO Irakli Gilauri at the time.

"We remain committed to our principle of buying attractive businesses, and this purchase at a 4.2x EV / EBITDA multiple is expected to be earnings accretive from day one."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BGEO Market Data

Currency UK Pounds
Share Price 4,140.00p
Change Today -45.00p
% Change -1.08 %
52 Week High 5,420.00
52 Week Low 2,650.00
Volume 241,025
Shares Issued 45.26m
Market Cap £1,873.70m
RiskGrade 206

BGEO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.35% above the market average81.35% above the market average81.35% above the market average81.35% above the market average81.35% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Price Trend
86.57% above the market average86.57% above the market average86.57% above the market average86.57% above the market average86.57% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Income
71.25% above the market average71.25% above the market average71.25% above the market average71.25% above the market average71.25% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Growth
77.43% above the market average77.43% above the market average77.43% above the market average77.43% above the market average77.43% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BGEO Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jul-24 05-Oct-23
Paid 19-Jul-24 27-Oct-23
Amount 147.34p 91.59p

Trades for 17-May-2024

Time Volume / Share Price
16:35 123 @ 4,140.00p
16:35 188 @ 4,140.00p
16:35 112 @ 4,140.00p
16:35 136 @ 4,140.00p
16:35 12,913 @ 4,140.00p

BGEO Key Personnel

CEO Archil Gachechiladze

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