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Foresight Vct ( (GB:FTV) ) has provided an announcement.
Foresight VCT plc has executed a share buyback, purchasing and cancelling 1,938,249 ordinary shares at 65.77p per share, reducing its issued share capital and leaving 299,028,488 ordinary shares in issue, all carrying voting rights and with no shares held in treasury. The move, carried out in compliance with FCA disclosure and transparency rules and only after all inside information had been made public, marginally increases existing shareholders’ proportional holdings and clarifies the total voting rights that investors must use when assessing and reporting changes in their interests in the company.
Spark’s Take on GB:FTV Stock
According to Spark, TipRanks’ AI Analyst, GB:FTV is a Outperform.
Foresight Vct’s stock is supported by strong technical indicators and an attractive valuation. The company’s strong profitability and robust balance sheet are slightly offset by challenges in revenue growth and cash flow management. The absence of debt and a high dividend yield further enhance its appeal.
To see Spark’s full report on GB:FTV stock, click here.
More about Foresight Vct
Foresight VCT plc is a UK-listed venture capital trust that provides growth and development capital to smaller, unquoted, and AIM-listed companies, offering investors exposure to a diversified portfolio of early-stage and growth businesses under the UK’s VCT tax-efficient investment regime.
Average Trading Volume: 328,022
Technical Sentiment Signal: Strong Buy
Learn more about FTV stock on TipRanks’ Stock Analysis page.