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The latest announcement is out from International Public Partnerships ( (GB:INPP) ).
International Public Partnerships Limited has bought back 250,000 of its own ordinary shares on the London Stock Exchange at a price of 124.7 pence per share and intends to hold these shares in treasury. Following this transaction, the company’s treasury holding rises to 98,139,702 shares, with 1,813,103,430 ordinary shares remaining in issue, a move that marginally reduces the free float and can support earnings per share for existing investors.
Spark’s Take on GB:INPP Stock
According to Spark, TipRanks’ AI Analyst, GB:INPP is a Neutral.
International Public Partnerships Limited demonstrates a solid financial foundation with a strong balance sheet and consistent cash flow generation. However, significant challenges in revenue growth and profitability weigh on its performance. The valuation suggests caution due to a high P/E ratio, but the high dividend yield offers some compensation. Recent corporate actions, such as share buybacks, bolster confidence in future prospects. Overall, the stock’s performance reflects a need for cautious optimism, balancing strengths in financial stability with concerns about profitability and valuation.
To see Spark’s full report on GB:INPP stock, click here.
More about International Public Partnerships
International Public Partnerships (INPP) is a listed infrastructure investment company focused on global public infrastructure projects and businesses that address societal and environmental needs. Its diversified portfolio of over 130 assets spans utility and transmission, transport, education, health, justice and digital infrastructure across the UK, Europe, Australia, New Zealand and North America, with the aim of delivering long-term yield and capital growth to shareholders. Amber Fund Management acts as INPP’s investment adviser, managing and originating infrastructure investments through a team of around 180 staff.
Average Trading Volume: 4,120,286
Technical Sentiment Signal: Strong Buy
Find detailed analytics on INPP stock on TipRanks’ Stock Analysis page.