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An announcement from City of London Investment Trust PLC ( (GB:CTY) ) is now available.
The City of London Investment Trust PLC has announced the sale of 195,000 ordinary shares from its treasury at a price of 524.5p per share. This transaction maintains the company’s issued ordinary share capital at 502,664,868 shares, with 902,762 held in treasury and not possessing voting rights. The total number of voting rights in the company now stands at 33,510,489, which is essential for shareholders to determine their notification requirements under the FCA’s 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 operates within the financial services industry, primarily focusing on investment management. It is managed by Janus Henderson Fund Management UK Limited and offers investment opportunities through its ordinary shares and preference stocks.
Average Trading Volume: 913,261
Technical Sentiment Signal: Buy
See more data about CTY stock on TipRanks’ Stock Analysis page.