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Team Internet Group ( (GB:TIG) ) has shared an announcement.
Team Internet Group has disclosed changes in the structure of shareholdings linked to non-executive director Max Royde, following the transfer of 96,009 ordinary shares out of Kestrel Partners’ discretionary management due to portfolio rearrangements. The shares remain with the same beneficial owners, so the move does not alter ultimate ownership but reflects internal reallocation among Kestrel-managed accounts.
After the transaction, Kestrel Opportunities retains 17,926,535 Team Internet shares in which Royde is deemed to have a beneficial interest, while other Kestrel clients hold a further 49,806,969 shares with no beneficial interest for him. In aggregate, Kestrel continues to control voting rights over 67,733,504 shares, representing 27.51% of Team Internet’s total voting rights, underscoring the firm’s continued role as a major strategic shareholder.
The most recent analyst rating on (GB:TIG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Team Internet Group stock, see the GB:TIG Stock Forecast page.
Spark’s Take on TIG Stock
According to Spark, TipRanks’ AI Analyst, TIG is a Neutral.
The overall stock score is primarily impacted by financial performance challenges, including declining revenues and high leverage. Technical analysis indicates a bearish trend, further weighing on the score. Valuation concerns due to a negative P/E ratio are offset slightly by a positive dividend yield. The strategic review is a positive corporate event, offering potential future growth and value creation.
To see Spark’s full report on TIG stock, click here.
More about Team Internet Group
Team Internet Group, listed on AIM and OTCQX, operates in the internet and digital services sector. The company’s shareholder base includes significant holdings managed by Kestrel Partners LLP and its related entities, giving this investment manager substantial voting influence over Team Internet’s share capital.
Average Trading Volume: 302,478
Technical Sentiment Signal: Sell
Current Market Cap: £87.73M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.