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The latest announcement is out from Pacific Horizon Investment Trust PLC ( (GB:PHI) ).
Pacific Horizon Investment Trust PLC announced the purchase of 15,722 of its own ordinary shares at a price of 724.90p, which will be held in Treasury. This transaction increases the total number of shares held in Treasury to 8,908,433, impacting the total shares in issue, which now stands at 83,166,528. This figure is significant for shareholders as it serves as the denominator for calculating 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 is an investment company that focuses on long-term capital growth by investing in companies in the Asia-Pacific region, excluding Japan. It aims to identify and invest in high-growth potential companies across various sectors.
Average Trading Volume: 177,770
Technical Sentiment Signal: Buy
Learn more about PHI stock on TipRanks’ Stock Analysis page.