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The latest announcement is out from Pacific Horizon Investment Trust PLC ( (GB:PHI) ).
Pacific Horizon Investment Trust PLC has announced the purchase of 100,000 of its own ordinary shares at a price of 771.59p per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 8,809,528, leaving 83,265,433 shares in issue. Shareholders can use this figure for calculations related 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: 181,833
Technical Sentiment Signal: Buy
Learn more about PHI stock on TipRanks’ Stock Analysis page.