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International Public Partnerships ( (GB:INPP) ) just unveiled an update.
International Public Partnerships has bought back 260,000 of its ordinary shares on the London Stock Exchange at a weighted average price of 126.2 pence per share, with the transaction executed through Deutsche Numis Securities. The company will hold these shares in treasury, bringing its total treasury holding to 97,139,702 ordinary shares and leaving 1,814,103,430 ordinary shares in issue, a move that modestly tightens the free float and may support earnings per share and capital management objectives 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 more than 130 assets spans utilities and transmission, transport, education, health, justice and digital infrastructure across the UK, Europe, Australia, New Zealand and North America, aiming to deliver long-term yield and capital growth for shareholders. Amber Fund Management acts as INPP’s investment adviser, overseeing the management and origination of its infrastructure investments.
Average Trading Volume: 4,261,496
Technical Sentiment Signal: Buy
Learn more about INPP stock on TipRanks’ Stock Analysis page.