Georgian Railway, owned by the state is valuing its share capital at between $800m and $1bn when trading starts on the London Stock Exchange this month. Freight traffic accounted for 95% of its revenues last year, and it is investing in modernisation. The planned IPO is an interesting direction for a state-owned monopoly to go, and puts freight firmly under investors’ microscopes. The FT also has a good article on it – if you can access it – here
GXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUT
GXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUT
By Alex Lennane