Pacific Horizon Investment Trust PLC ( (GB:PHI) ) has shared an announcement.
Pacific Horizon Investment Trust PLC has announced the purchase of 100,000 of its own ordinary shares at a price of 523.90p, which will be held in Treasury. This transaction adjusts the number of shares available in the market, with 88,789,573 shares now in issue, excluding those held in Treasury. This move is part of the company’s ongoing strategy to manage its share capital and may impact shareholder calculations under FCA rules.
Spark’s Take on GB:PHI Stock
According to Spark, TipRanks’ AI Analyst, GB:PHI is a Outperform.
Pacific Horizon Investment Trust PLC has a strong overall stock score, driven by its robust balance sheet, undervaluation potential, and positive market sentiment. The technical indicators support a bullish outlook, while recent corporate events highlight strategic opportunities in Asian markets. However, cash flow issues and historical revenue volatility pose challenges that need to be monitored.
To see Spark’s full report on GB:PHI stock, click here.
More about Pacific Horizon Investment Trust PLC
Pacific Horizon Investment Trust PLC operates in the investment trust industry, focusing on providing investment management services. The company is involved in acquiring and managing a diversified portfolio of investments, primarily in the Asia-Pacific region, aiming to deliver long-term capital growth for its stakeholders.
YTD Price Performance: -4.90%
Average Trading Volume: 207,540
Technical Sentiment Signal: Strong Buy
For detailed information about PHI stock, go to TipRanks’ Stock Analysis page.