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Milton Capital PLC ( (GB:MII) ) just unveiled an update.
Milton Capital PLC has successfully raised £149,500 through a direct subscription and a placing with its broker, Peterhouse Capital Limited. This fundraising effort involved issuing 29,900,000 new ordinary shares to both new and existing investors at a price of £0.005 per share, representing an 11% premium to the previous closing price. The funds will be used for general working capital, and the new shares will be admitted to trading on the London Stock Exchange. The issuance increases the company’s total share capital to 129,900,000 shares, with significant participation from company directors Richard Mays and Nick Pillar.
Spark’s Take on GB:MII Stock
According to Spark, TipRanks’ AI Analyst, GB:MII is a Underperform.
Milton Capital PLC’s overall stock score is hindered by severe operational challenges, including no revenue generation and negative cash flow. While the balance sheet shows some stability due to the absence of debt, the lack of income sustainability is a critical risk. Technical analysis provides some hope for price recovery, but bearish momentum persists. The potential acquisition of Horizon Energy’s subsidiaries presents a strategic opportunity, but its impact remains speculative. Overall, the stock is currently a high-risk investment with uncertain prospects.
To see Spark’s full report on GB:MII stock, click here.
More about Milton Capital PLC
Average Trading Volume: 94,582
Technical Sentiment Signal: Sell
Learn more about MII stock on TipRanks’ Stock Analysis page.