Pacific Horizon Investment Trust PLC Acquires 75,000 Shares for Treasury

Pacific Horizon Investment Trust PLC ( (GB:PHI) ) just unveiled an announcement.

Pacific Horizon Investment Trust PLC has announced the purchase of 75,000 ordinary shares at a price of 598.98p, which will be held in treasury. This transaction brings the total number of shares held in treasury to 4,394,437, with 87,680,524 shares remaining in issue. Shareholders can use this figure to determine their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.

Spark’s Take on GB:PHI Stock

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

Pacific Horizon Investment Trust PLC demonstrates strong financial stability with a robust balance sheet and significant improvements in profitability. However, cash flow challenges pose risks that need addressing for sustainable growth. The technical indicators suggest potential short-term weakness, while the low P/E ratio presents an attractive valuation. The positive outlook on Asian markets could enhance future performance, providing a balanced investment case.

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

More about Pacific Horizon Investment Trust PLC

Pacific Horizon Investment Trust PLC operates in the investment management industry, focusing on providing investment trust services. The company is involved in purchasing and managing a diversified portfolio of securities, aiming to deliver long-term capital growth for its shareholders.

Average Trading Volume: 165,807

Technical Sentiment Signal: Buy

For detailed information about PHI stock, go to TipRanks’ Stock Analysis page.