City of London Investment Trust PLC Announces Sale of Treasury Shares

City of London Investment Trust PLC ( (GB:CTY) ) has issued an announcement.

City of London Investment Trust PLC has announced the sale of 100,000 ordinary shares from its treasury at a price of 472.0p per share. This transaction affects the company’s voting rights structure, with the total number of voting rights now standing at 32,892,489. Shareholders can use this figure to assess their interest under the FCA’s Disclosure Guidance and 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

City of London Investment Trust PLC is a prominent investment trust company, managed by Janus Henderson Fund Management UK Limited. The company focuses on providing investment opportunities and managing a diverse portfolio of assets to deliver returns to its shareholders.

Average Trading Volume: 968,497

Technical Sentiment Signal: Buy

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