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Odyssean Investment Trust PLC ( (GB:OIT) ) has issued an update.
Odyssean Investment Trust PLC has issued 200,000 new ordinary shares at a price of 168.50 pence per share, as part of its premium management strategy. This issuance increases the total number of ordinary shares and voting rights to 134,144,212, providing shareholders with a new denominator for calculating their interests under FCA rules.
Spark’s Take on GB:OIT Stock
According to Spark, TipRanks’ AI Analyst, GB:OIT is a Neutral.
Odyssean Investment Trust PLC’s overall stock score is 48, reflecting significant financial challenges, particularly in revenue and profitability. Despite a strong balance sheet and positive corporate events, the technical analysis indicates bearish trends, and the lack of a dividend yield limits the stock’s appeal to certain investors.
To see Spark’s full report on GB:OIT stock, click here.
More about Odyssean Investment Trust PLC
Odyssean Investment Trust PLC operates in the investment trust industry, focusing on managing and growing a diversified portfolio of investments. The company primarily provides investment management services, aiming to deliver premium returns for its shareholders.
Average Trading Volume: 208,926
Technical Sentiment Signal: Buy
Learn more about OIT stock on TipRanks’ Stock Analysis page.