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An announcement from Pembroke VCT ( (GB:PEMB) ) is now available.
Pembroke VCT plc, a venture capital trust, announced the purchase and cancellation of 4,862,763 B Ordinary Shares at a price of 94.34p per share. This transaction reduces the company’s issued share capital to 259,578,541 B Ordinary Shares, which also represents the total number of voting rights. Shareholders can use this figure to assess their notification requirements under the FCA’s rules.
Spark’s Take on GB:PEMB Stock
According to Spark, TipRanks’ AI Analyst, GB:PEMB is a Neutral.
Pembroke VCT’s overall stock score is 53.6, reflecting significant financial struggles with negative profitability and cash flow issues. However, a strong balance sheet and positive corporate events, such as strategic share issuances, provide some optimism. Technical indicators are neutral, and valuation metrics are weak due to negative earnings.
To see Spark’s full report on GB:PEMB stock, click here.
More about Pembroke VCT
Average Trading Volume: 1,947,326
Technical Sentiment Signal: Buy
See more data about PEMB stock on TipRanks’ Stock Analysis page.