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Odyssean Investment Trust PLC ( (GB:OIT) ) just unveiled an update.
Odyssean Investment Trust PLC has issued 2,958,579 new ordinary shares at a price of 169.00 pence per share as part of its premium management strategy. This issuance increases the total number of ordinary shares and voting rights to 137,402,791, offering shareholders a new denominator for calculating their interest in the company 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 management industry, focusing on managing investment portfolios and providing financial services to its clients. The company is known for its strategic investment approaches and premium management strategies.
Average Trading Volume: 207,329
Technical Sentiment Signal: Buy
See more data about OIT stock on TipRanks’ Stock Analysis page.