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An announcement from Harworth ( (GB:HWG) ) is now available.
Harworth Group plc has issued 14,096 new ordinary shares at a nominal price of 10 pence each as part of its 2019 Share Incentive Plan, increasing the total number of shares to 325,756,773. This issuance allows shareholders to assess their interests in the company under the Financial Conduct Authority’s rules, potentially impacting their stake and the company’s market positioning.
Spark’s Take on GB:HWG Stock
According to Spark, TipRanks’ AI Analyst, GB:HWG is a Neutral.
Harworth Group has a strong financial base with impressive revenue growth and profitability, though cash flow challenges need attention. The technical analysis suggests a neutral short-term market sentiment. Valuation metrics indicate potential undervaluation, offering opportunities for growth. The positive impact of corporate events, particularly employee incentives and strategic expansion, supports a favorable outlook.
To see Spark’s full report on GB:HWG stock, click here.
More about Harworth
Harworth Group plc is a leading land and property regenerator specializing in sustainable developments. The company owns, develops, and manages a portfolio of over 15,000 acres of strategic land across more than 100 sites in the North of England and Midlands. Harworth focuses on transforming former industrial sites into new industrial and logistics developments and serviced residential land, aiming to create sustainable communities that support new homes, jobs, and living spaces.
Average Trading Volume: 235,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: £569.4M
Find detailed analytics on HWG stock on TipRanks’ Stock Analysis page.