The London Stock Exchange (LSE) is the major stock exchange in the United Kingdom, the biggest stock exchange in Europe, and one of the oldest in the world. The London Stock Exchange (LSE) is the main exchange that gives investors low-cost access to some of the world’s largest and most liquid capital markets. It houses a diverse set of businesses and facilitates the trading of shares electronically for firms that are publicly traded.
The London Stock Exchange (LSE) is the leading provider of equity-market liquidity, benchmark prices, and market data in Europe, and it is one of the biggest international stock exchanges in the world with thousands of businesses from more than 60 countries. Among these countries, there is Georgia, which has several representatives in the stock exchange. In this article, we’ll cover which are the top Georgian companies listed on the London Stock Exchange.
1. Bank of Georgia Group PLC
The United Kingdom-based BGEO Group PLC has a new parent company: Bank of Georgia Group (BGEO). BGEO, one of the leading investment firms in Georgia, merged the banking and investing industries on May 29, 2018.
Bank of Georgia Group operates in the banking sector. Stock in Bank Of Georgia Group Plc Ord 1P (ticker symbol: BGEO) may be purchased on the London Stock Exchange. About 48 million shares are outstanding, giving the company a market valuation of GBP 1,162 million. The share price of Bank Of Georgia Group has fluctuated by 1565 points during the last year, from a high of GBP 2525 to a low of GBP 960.
At the moment of writing this, the stock price is defined as GBP 2,435. During a year this is one of the biggest rates for the BGEO. At the beginning of the year, the price of the company was estimated as GBP 1646, since then the stock price has grown by 32%. In a year, the stock price has surged by 57.72%. The lowest point of the stock price was caused by the war between Russia and Ukraine. BGEO share prices since the middle of March started to expand and reached one of the highest levels in October. It should also be stated, that the strengthening of the Georgian national currency (with a ticker symbol of GEL) against GBP, has affected the stock price increase. In accordance with that, the growing immigration rate in Georgia, which caused opening accounts and depositing money in one of the biggest banks – BGEO, influenced the stock price in a positive way.
2. TBC Bank Group PLC
A second major Georgian financial institution, TBC Bank, is also an LSE-traded company. TBC Bank Group PLC (TBC Bank) is the holding company for JSC TBC Bank and its subsidiaries, the largest universal bank in Georgia. It is established in the United Kingdom. When it comes to retail, corporate, and micro, small, and medium-sized businesses (MSME), TBC Bank is unrivaled. It provides a broad range of banking services, from the most conventional to the most innovative in the financial sector. TBC Bank has opened up a world of possibilities for its clients by introducing the first entirely digital bank in the area (called Space) and the first customer-focused digital ecosystem.
TBC Bank CEO Vakhtang Butkhrikidze said, “For Georgia, our participation in the LSE premium category will assist in boosting knowledge about our country and will also establish the essential preconditions for firms operating in Georgia to reach the worldwide arena.”
TBC Bank is aiming to reach the FTSE-250 list soon. Consequently, this will have an effect on the liquidity of the bank’s stock by increasing its availability.
3. Georgia Healthcare Group PLC
Georgia Healthcare Group PLC is the first company from the region to be listed on the London Stock Exchange. The healthcare group was founded in the 20th century and has since grown to become one of Georgia’s largest private companies with operations in healthcare, banking and mining. In 2016, Georgia Healthcare Group was awarded a contract to provide mental health services for the Georgian government. The company is also active in charitable work, supporting numerous initiatives across the country.
4. Georgia Capital PLC
Georgia Capital PLC (LSE: CGEO LN) is a company that acts as a marketplace for the acquisition, development, and growth of enterprises in Georgia. The Group’s core competency is building or acquiring companies, helping them institutionalize their management, and maturing them to the point where they can thrive with little outside intervention.
At the end of September 2020, Georgia Capital had a 20% stake in healthcare services, a 20% stake in retail pharmacies, 7% in insurance, 17% in water utilities, 8% in renewable energy, 4% in education, and a 15% stake in Bank of Georgia. The remaining nine percent is made up of diverse service industries including the beverage and food service industries, the lodging and real estate industries, the automotive service industry, and the information technology sector. Today the price of Georgia Capital on LSE is estimated at GBP 736.40. In a year the stock price has grown by 12.13%.
If you’re looking to invest in some of the most promising Georgian companies on the London Stock Exchange, you’ll want to check out our latest list. Our team has compiled a list of a couple Georgian companies that are currently trading on the LSE and have demonstrated impressive growth over the past year or two. With growing economies across Europe, it’s never been a better time to get involved in Georgian businesses. We hope that this information has helped you with deciding on what company you should invest in the London Stock Exchange, leave a comment down below if you think we missed some, thank you for reading!