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An announcement from Blackfinch Spring VCT Plc ( (GB:BFSP) ) is now available.
Blackfinch Spring VCT plc has admitted a further 2,134,986 ordinary shares of 1p each to trading on the London Stock Exchange’s Main Market, following a recent equity issue under its ongoing offer for subscription. The new shares, which are fully fungible with existing stock, take the total number of ordinary shares in issue to 74,098,057, modestly increasing the company’s capital base and potentially broadening its investor base as it continues to raise funds for venture capital investments.
The most recent analyst rating on (GB:BFSP) stock is a Hold with a £96.00 price target. To see the full list of analyst forecasts on Blackfinch Spring VCT Plc stock, see the GB:BFSP Stock Forecast page.
Spark’s Take on GB:BFSP Stock
According to Spark, TipRanks’ AI Analyst, GB:BFSP is a Neutral.
The score is primarily supported by strong recent reported profitability and a debt-free, equity-backed balance sheet, but it is held back by persistently negative cash flow and volatile historical results. Technicals indicate limited trend strength with weak momentum, while valuation is mixed (high dividend yield offset by a high P/E).
To see Spark’s full report on GB:BFSP stock, click here.
More about Blackfinch Spring VCT Plc
Blackfinch Spring VCT plc is a UK-listed venture capital trust that issues ordinary shares on the London Stock Exchange’s Main Market, providing investors with exposure to a diversified portfolio of venture capital investments under the UK VCT framework.
Average Trading Volume: 60,525
Technical Sentiment Signal: Buy
Current Market Cap: £63.79M
See more insights into BFSP stock on TipRanks’ Stock Analysis page.