Monks Investment Trust Buys Back 35,000 Shares for Treasury Holding

Monks Investment Trust Shs GBP ( (GB:MNKS) ) just unveiled an announcement.

Monks Investment Trust PLC has repurchased 35,000 of its ordinary shares at 1,478.00p per share, with the stock to be held in treasury rather than cancelled. Following this transaction, the company now holds 88,941,930 shares in treasury, leaving 164,229,530 shares in issue, a figure that shareholders are advised to use as the denominator for any regulatory notifications of shareholding under the UK’s Disclosure Guidance and Transparency Rules, clarifying the free float and aiding compliance with reporting obligations.

Spark’s Take on GB:MNKS Stock

According to Spark, TipRanks’ AI Analyst, GB:MNKS is a Outperform.

Monks Investment Trust shows strong financial performance with excellent profitability and a solid balance sheet. However, technical indicators suggest a bearish trend, which warrants caution. The stock appears undervalued with its low P/E ratio, but a low dividend yield may deter dividend-seeking investors. The recent appointment of an experienced director adds a positive aspect to the company’s governance, further supporting its growth potential.

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

More about Monks Investment Trust Shs GBP

The Monks Investment Trust PLC is a UK-listed investment trust that provides diversified exposure to global equities, aiming for long-term capital growth through a portfolio managed by Baillie Gifford. It is structured as a closed-ended fund with a fixed number of shares in issue, and its shares trade on the London Stock Exchange, making it a vehicle for investors seeking professionally managed international equity investments.

Average Trading Volume: 611,615

Technical Sentiment Signal: Buy

For an in-depth examination of MNKS stock, go to TipRanks’ Overview page.