BH Macro Buys Back Shares for Treasury, Updates Voting Rights

An announcement from BH Macro Shs GBP ( (GB:BHMG) ) is now available.

BH Macro Limited has repurchased 150,377 sterling ordinary shares and 17,054 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, at weighted average prices of £3.9729 and $4.2199 respectively, with the intention of holding these shares in treasury. Following the transactions, the company has 316,470,267 sterling shares and 23,830,048 US dollar shares in issue (excluding treasury), alongside a significant treasury position in both classes, resulting in total voting rights of 483,652,898, reflecting an ongoing capital management strategy that may support liquidity and potentially enhance value for existing shareholders.

Spark’s Take on GB:BHMG Stock

According to Spark, TipRanks’ AI Analyst, GB:BHMG is a Neutral.

GB:BHMG’s overall score reflects strong balance sheet health, supported by zero leverage and equity-backed assets. However, challenges include declining revenue, inconsistent cash flow, and a high P/E ratio that suggests overvaluation. Despite positive corporate actions like share buybacks, the recent decline in net assets raises concerns about market fluctuations. Technical indicators show modest positive momentum but suggest potential short-term resistance.

To see Spark’s full report on GB:BHMG stock, click here.

More about BH Macro Shs GBP

BH Macro Limited is a closed-ended collective investment company incorporated in Guernsey, providing investors with exposure to macro trading strategies through its Sterling and US Dollar share classes. The company is listed on the London Stock Exchange and operates as an investment vehicle, actively managing its capital structure, including through share repurchases and the use of treasury shares.

Average Trading Volume: 750,715

Technical Sentiment Signal: Strong Buy

Find detailed analytics on BHMG stock on TipRanks’ Stock Analysis page.