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An announcement from City of London Investment Trust PLC ( (GB:CTY) ) is now available.
City of London Investment Trust PLC announced the sale of 100,000 ordinary shares from its treasury at a price of 455.55p per share. This transaction maintains the company’s issued ordinary share capital at 502,664,868 shares, with 10,422,762 held in treasury without voting rights. The total voting rights now stand at 32,875,822, which shareholders can use to determine their notification requirements under 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
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 for its stakeholders.
YTD Price Performance: 12.55%
Technical Sentiment Signal: Sell
Find detailed analytics on CTY stock on TipRanks’ Stock Analysis page.