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Sutton Harbour Holdings ( (GB:SUH) ) has shared an announcement.
Sutton Harbour Group plc has announced the completion of two asset sales, generating gross proceeds of £2.675 million, which have been used to reduce the company’s bank loan. The company has also secured an extension for its bank loan repayment dates, allowing more time for asset sales and loan repayments, with a significant reduction in the loan expected by September 2025. Additionally, the company has made changes to its board, with the retirement of Graham Miller and the appointment of Paul Shackleton as an Independent Non-Executive Director. Shackleton brings extensive experience in corporate finance and governance, which is expected to benefit the company’s strategic direction.
Spark’s Take on GB:SUH Stock
According to Spark, TipRanks’ AI Analyst, GB:SUH is a Neutral.
Sutton Harbour Holdings shows promising revenue growth, but significant challenges remain in achieving profitability and operational efficiency. The technical indicators suggest a bearish trend, with the stock trading below key moving averages and oversold conditions. Valuation is unattractive due to negative earnings and the lack of a dividend yield. Overall, while there are signs of improvement, the stock remains constrained by financial and market challenges.
To see Spark’s full report on GB:SUH stock, click here.
More about Sutton Harbour Holdings
Sutton Harbour Group plc is an AIM quoted company specializing in marine operations, waterfront regeneration, and destination creation in Plymouth and South West England. The company operates Sutton Harbour Marina, King Point Marina, and Plymouth Fisheries, with activities including mixed-use lettings, car parking, support services to harbor users, property management, and asset enhancement. Sutton Harbour aims to be the leading marine and waterfront regeneration specialist in Southern England and to position Sutton Harbour in Plymouth as a destination of national interest.
Average Trading Volume: 9,849
Technical Sentiment Signal: Sell
Current Market Cap: £8.93M
Learn more about SUH stock on TipRanks’ Stock Analysis page.