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BH Macro Shs GBP ( (GB:BHMG) ) has issued an announcement.
BH Macro Limited has conducted a share buyback on the London Stock Exchange, repurchasing 244,475 Sterling ordinary shares at a weighted average price of £3.9593 and 10,500 US Dollar ordinary shares at a weighted average price of $4.22 from J.P. Morgan Securities. The company intends to hold these repurchased shares in treasury, leaving 315,945,792 Sterling and 23,819,541 US Dollar ordinary shares in issue (excluding treasury) and bringing total voting rights to 482,873,403, a move that may support the share price and adjust capital structure 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 based in Guernsey, structured as a collective investment scheme. Its shares are listed on the London Stock Exchange in both Sterling and US Dollar share classes, providing investors with exposure to its investment strategies in different currencies.
Average Trading Volume: 748,244
Technical Sentiment Signal: Buy
See more data about BHMG stock on TipRanks’ Stock Analysis page.