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Gamma Communications ( (GB:GAMA) ) has issued an update.
Gamma Communications has continued executing its previously announced share buyback programme, repurchasing 23,500 ordinary shares on 19 May 2026 at a volume‑weighted average price of about 987.73 pence, with the intention to cancel the shares. This brings total buybacks under the programme to 1,715,776 shares and reduces the number of ordinary shares in issue to 92,048,575, of which 90,470,050 carry voting rights after excluding treasury holdings.
The company, which entered an offer period in early April, confirmed under takeover rules that it now has 90,470,050 voting ordinary shares in issue, each conferring one vote. The ongoing buyback and cancellation marginally enhance remaining shareholders’ proportional ownership and voting power, while the updated share count provides a new reference point for regulatory disclosure thresholds during the live offer period.
The most recent analyst rating on (GB:GAMA) stock is a Buy with a £16.00 price target. To see the full list of analyst forecasts on Gamma Communications stock, see the GB:GAMA Stock Forecast page.
Spark’s Take on GAMA Stock
According to Spark, TipRanks’ AI Analyst, GAMA is a Outperform.
The score is driven primarily by strong financial quality (growth, profitability, low leverage, and positive free cash flow) and an attractive valuation (low P/E with a dividend). Technicals are supportive with price above major moving averages, though momentum indicators suggest it is getting closer to stretched levels.
To see Spark’s full report on GAMA stock, click here.
More about Gamma Communications
Gamma Communications is a U.K.-listed telecommunications and unified communications provider whose ordinary shares trade on the main market of the London Stock Exchange. The company operates within the European telecoms and communications services sector, focusing on business connectivity and related network solutions for enterprise customers.
Average Trading Volume: 813,607
Technical Sentiment Signal: Sell
Current Market Cap: £896.8M
See more data about GAMA stock on TipRanks’ Stock Analysis page.