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Pacific Horizon Investment Trust PLC ( (GB:PHI) ) has issued an announcement.
Pacific Horizon Investment Trust PLC has announced the purchase of 50,000 of its own ordinary shares at a price of 609.19p, which will be held in Treasury. This transaction affects the total number of shares in issue, which is now 86,519,167 after accounting for the shares held in Treasury, and is relevant for shareholders in determining their interest under FCA 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: 143,159
Technical Sentiment Signal: Strong Buy
For a thorough assessment of PHI stock, go to TipRanks’ Stock Analysis page.