Pacific Horizon Investment Trust PLC Acquires Own Shares

Pacific Horizon Investment Trust PLC ( (GB:PHI) ) has provided an announcement.

Pacific Horizon Investment Trust PLC has announced the purchase of 75,000 of its own ordinary shares at a price of 590.05p each, which will be held in treasury. This transaction increases the total number of treasury shares to 4,744,714, while the total shares in issue, excluding those in treasury, stands at 87,330,247. Shareholders can use this figure to determine their notification requirements under the FCA’s 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: 149,126

Technical Sentiment Signal: Hold

Find detailed analytics on PHI stock on TipRanks’ Stock Analysis page.