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Pollen Street Group Executes Share Buyback

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Elevate Your Investing Strategy:

Pollen Street Group Limited ( (GB:POLN) ) has shared an update.

Pollen Street Group Limited has announced a share buyback transaction, purchasing 30,000 of its ordinary shares at a consistent price of 790 pence per share. The company plans to hold these shares in treasury, which now totals 3,425,757 shares, while the total number of voting rights remains at 60,783,840. This transaction is part of a buyback program initiated in March 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

Spark’s Take on GB:POLN Stock

According to Spark, TipRanks’ AI Analyst, GB:POLN is a Outperform.

Pollen Street Group Limited’s strong financial performance and favorable valuation are key strengths, supported by solid revenue growth, low debt levels, and a high dividend yield. The recent positive corporate events further enhance its market positioning. While technical indicators show mixed signals, the overall outlook remains positive, with the stock appearing undervalued and offering potential growth and income opportunities.

To see Spark’s full report on GB:POLN stock, click here.

More about Pollen Street Group Limited

Average Trading Volume: 90,517

Technical Sentiment Signal: Buy

Current Market Cap: £478M

See more insights into POLN stock on TipRanks’ Stock Analysis page.

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