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Puma Alpha VCT Plc ( (GB:PUAL) ) just unveiled an update.
Puma Alpha VCT plc has completed an initial allotment of 329,735 new ordinary shares under its ongoing offer for subscription, part of a capital-raising programme targeting up to £20 million with an additional £10 million over-allotment facility. The new shares were priced between 91.41p and 92.34p each, based on the latest unaudited net asset value, increasing the total shares and voting rights in issue to 34,888,357; the company will seek admission of these shares to trading on the London Stock Exchange’s main market in early February, a step that modestly expands its capital base and may enhance liquidity for existing shareholders while supporting further investment activity.
The most recent analyst rating on (GB:PUAL) stock is a Hold with a £93.00 price target. To see the full list of analyst forecasts on Puma Alpha VCT Plc stock, see the GB:PUAL Stock Forecast page.
Spark’s Take on GB:PUAL Stock
According to Spark, TipRanks’ AI Analyst, GB:PUAL is a Neutral.
The score is held back primarily by weak financial performance (recurring losses and negative operating/free cash flow), partly offset by a strong, low-debt balance sheet. Technical indicators are largely flat with limited momentum, while valuation is mixed (loss-driven negative P/E but a moderate dividend yield). Recent fundraising-related corporate events provide a modest positive offset by improving capital resources.
To see Spark’s full report on GB:PUAL stock, click here.
More about Puma Alpha VCT Plc
Puma Alpha VCT plc is a UK-listed venture capital trust that provides investors with access to a diversified portfolio of growth-focused, smaller UK companies, while seeking to deliver tax-efficient returns under the VCT regime. Its shares trade on the London Stock Exchange’s main market, giving retail and institutional investors listed exposure to early-stage and scale-up businesses within the UK economy.
Average Trading Volume: 2,657,357
Technical Sentiment Signal: Sell
Current Market Cap: £32.58M
See more data about PUAL stock on TipRanks’ Stock Analysis page.