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City of London Investment Trust PLC ( (GB:CTY) ) has provided an announcement.
City of London Investment Trust PLC announced the sale of 100,000 ordinary shares from its treasury at a price of 525.0p per share. This transaction maintains the company’s issued ordinary share capital at 502,664,868 shares, with 452,762 held in treasury without voting rights. The total number of voting rights is now 33,540,489, which shareholders can use to assess their interests under 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 UK-based investment trust company managed by Janus Henderson Fund Management UK Limited. It primarily focuses on providing investment opportunities through a diversified portfolio of shares, aiming to deliver long-term growth and income to its stakeholders.
Average Trading Volume: 923,372
Technical Sentiment Signal: Buy
See more insights into CTY stock on TipRanks’ Stock Analysis page.