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J Smart & Co (Contractors) ( (GB:SMJ) ) has shared an announcement.
J. Smart & Co. (Contractors) PLC announced the purchase and immediate cancellation of 34,508 of its ordinary shares at a price of 120.0p per share, reducing the total number of shares in issue to 38,951,493. This move impacts the company’s voting rights, which now stand at 38,951,493, providing a new denominator for shareholders to calculate their interests under the FCA’s Disclosure and Transparency Rules.
Spark’s Take on GB:SMJ Stock
According to Spark, TipRanks’ AI Analyst, GB:SMJ is a Neutral.
J Smart & Co demonstrates strong revenue growth and a stable balance sheet, but profitability margins and cash flow generation remain significant concerns. The technical indicators are bearish, and the stock may be overvalued. Corporate events suggest mixed sentiment, with commitments to dividends but challenges in profitability. Improvements in cash flow and strategic execution are crucial for a more positive outlook.
To see Spark’s full report on GB:SMJ stock, click here.
More about J Smart & Co (Contractors)
J. Smart & Co. (Contractors) PLC operates in the construction industry, focusing on contracting services. The company is known for its involvement in various construction projects, primarily in the UK market.
Average Trading Volume: 8,081
Technical Sentiment Signal: Sell
Current Market Cap: £46.78M
For a thorough assessment of SMJ stock, go to TipRanks’ Stock Analysis page.