Pacific Horizon Investment Trust PLC Acquires Own Shares

An update from Pacific Horizon Investment Trust PLC ( (GB:PHI) ) is now available.

Pacific Horizon Investment Trust PLC has announced the purchase of 100,000 of its own ordinary shares at a price of 596.06 pence per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 4,494,437, leaving 87,580,524 shares in issue. This figure is significant for shareholders as it serves as the denominator for calculating their interest in the company according to 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

Average Trading Volume: 161,100

Technical Sentiment Signal: Buy

See more data about PHI stock on TipRanks’ Stock Analysis page.