Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from City of London Investment Trust PLC ( (GB:CTY) ) is now available.
The City of London Investment Trust PLC has issued 325,000 new ordinary shares of 25p each under its block listing facility at a price of 548.0p per share, increasing the total number of ordinary shares in issue to 506,367,106. Following this allotment, the company’s total voting rights now stand at 33,817,489 across its ordinary shares, First Preference Stock, and Preferred Ordinary Stock, a key reference figure for shareholders assessing disclosure obligations under the FCA’s transparency rules.
Spark’s Take on GB:CTY Stock
According to Spark, TipRanks’ AI Analyst, GB:CTY is a Neutral.
City of London Investment Trust PLC benefits from strong financial performance and an attractive valuation, particularly in terms of its low P/E ratio and consistent dividend policy. However, technical indicators suggest potential price weakness, and limited cash flow transparency poses some risk. Recent corporate events show management’s confidence, but the technical analysis and cash flow opacity weigh more heavily on the overall score.
To see Spark’s full report on GB:CTY stock, click here.
More about City of London Investment Trust PLC
The City of London Investment Trust PLC is a UK-listed investment trust managed by Janus Henderson Fund Management UK Limited, focusing on providing investors with diversified exposure to equity markets through a portfolio of income-generating investments. It offers ordinary shares and various classes of preference and preferred ordinary stock to investors seeking long-term capital and income growth.
Average Trading Volume: 857,797
Technical Sentiment Signal: Buy
For a thorough assessment of CTY stock, go to TipRanks’ Stock Analysis page.