J. Smart & Co. Reduces Share Count Through Buyback

The latest update is out from J Smart & Co (Contractors) ( (GB:SMJ) ).

J. Smart & Co. (Contractors) PLC announced the purchase and immediate cancellation of 20,551 of its ordinary shares at a price of 121.5p each. This action reduces the total number of ordinary shares in issue to 38,930,942, which also represents the total number of voting rights. This move may impact shareholders as it affects the calculations for notifying changes in 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 expertise in building projects and has a market presence in the UK.

Average Trading Volume: 7,914

Technical Sentiment Signal: Sell

Current Market Cap: £46.74M

For an in-depth examination of SMJ stock, go to TipRanks’ Stock Analysis page.