Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Foresight Vct ( (GB:FTV) ) has provided an announcement.
Foresight VCT plc has raised approximately £28.7 million through the allotment of 39.1 million new ordinary shares of 1p each, issued at prices based on an unaudited net asset value of 71.10p per share. The new shares, allotted under the company’s latest subscription offer, increase the total number of shares in issue to about 338.1 million and are expected to be admitted to the London Stock Exchange, strengthening the trust’s capital base to deploy into its portfolio of smaller UK companies and potentially enhancing liquidity for existing shareholders.
The most recent analyst rating on (GB:FTV) stock is a Hold with a £71.00 price target. To see the full list of analyst forecasts on Foresight Vct stock, see the GB:FTV Stock Forecast page.
Spark’s Take on GB:FTV Stock
According to Spark, TipRanks’ AI Analyst, GB:FTV is a Neutral.
The score is driven primarily by a very strong, low-risk balance sheet (no debt) but is held back by uneven cash generation and revenue volatility. Technicals are neutral with little trend strength, while the high dividend yield provides a valuation support.
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 invests in a diversified portfolio of smaller, growth-oriented companies, offering retail investors exposure to early-stage and expanding businesses while providing tax-efficient investment opportunities under the VCT regime.
Average Trading Volume: 148,952
Technical Sentiment Signal: Strong Buy
See more data about FTV stock on TipRanks’ Stock Analysis page.