Added to YB: 2026-09-16
Pitch date: 2026-09-04
BGEO.L [bullish]
Lion Finance Group PLC
-1.88%
current return
Author Info
Ennismore Fund Management is a London based investment management company established with the objective of generating superior absolute returns by investing principally in small capitalisation European equity securities. Sign up for the newsletter.
Company Info
Lion Finance Group PLC, through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.
Market Cap
GBP 20.5B
Pitch Price
GBP 136.68
Price Target
200.55 (+47%)
Dividend
2.53%
EV/EBITDA
N/A
P/E
8.93
EV/Sales
N/A
Sector
Banks
Category
value
Ennismore European Smaller Companies Fund Porfolio Holding: Lion Finance Group PLC
BGEO.L (hold): Lion Finance remains a 0.6% NAV holding: earnings and book value have compounded at 29% and 25% since 2019, while first-half 2026 ROE was 27.2% with 0.5% credit costs. Ameriabank, acquired for under 3x earnings, adds faster growth. At below 9x trailing earnings versus an estimated 12x fair value, the shares offer roughly 50% near-term upside, but geopolitical tail risk warrants the small position.
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