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Marlowe plc Executes Share Buyback, Cancelling 25,000 Shares

Story Highlights

Marlowe ( (GB:MRL) ) has issued an announcement.

Marlowe plc announced the purchase of 25,000 ordinary shares as part of its share buyback program, with each share bought at a price of 319.00 pence. This transaction, executed through Cavendish Capital Markets Limited, will result in the cancellation of these shares, leaving the company with 79,675,817 ordinary shares in issue. This move is part of Marlowe’s strategic financial management, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Spark’s Take on GB:MRL Stock

According to Spark, TipRanks’ AI Analyst, GB:MRL is a Neutral.

Marlowe’s overall stock score is influenced by a stable financial position with positive cash flow, offset by declining revenues and profitability. Technical analysis suggests a potential long-term uptrend, but valuation concerns persist due to negative earnings. Recent share buybacks provide a positive outlook, reflecting confidence in financial health and potential for enhanced shareholder value.

To see Spark’s full report on GB:MRL stock, click here.

More about Marlowe

Marlowe plc is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The company serves around 27,000 customers, including SMEs, local authorities, facilities management providers, multi-site NHS trusts, and FTSE 100 companies across various sectors such as office complexes, high streets, leisure facilities, manufacturing plants, and industrial estates.

YTD Price Performance: -0.62%

Average Trading Volume: 381,623

Technical Sentiment Signal: Strong Sell

Current Market Cap: £252.9M

See more data about MRL stock on TipRanks’ Stock Analysis page.

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