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The latest update is out from City of London Investment Trust PLC ( (GB:CTY) ).
City of London Investment Trust PLC has announced the sale of 230,000 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 222,762 shares held in treasury without voting rights. The total voting rights now stand at 33,555,822, which shareholders can use to assess their interests 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
Average Trading Volume: 923,700
Technical Sentiment Signal: Buy
See more data about CTY stock on TipRanks’ Stock Analysis page.