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Time Out ( (GB:TMO) ) just unveiled an update.
Time Out Group plc has announced plans to raise approximately £8 million by issuing new shares through a Firm Placing, Conditional Placing, and a Retail Offer at a discounted price. Alongside this capital raise, the company is also converting £4.9 million of existing debt into equity to strengthen its financial position. The fundraising aims to address seasonal working capital needs, support growth into new markets, and accelerate technology investments. Stakeholders, including major shareholders and directors, have committed to participate and vote in favor of necessary resolutions, signaling confidence in the company’s strategic plan.
The most recent analyst rating on (GB:TMO) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Time Out stock, see the GB:TMO Stock Forecast page.
Spark’s Take on GB:TMO Stock
According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.
The overall stock score is driven by mixed financial performance and bearish technical indicators. However, the strategic expansion into India provides a positive outlook for future growth. The negative P/E ratio and lack of dividend yield weigh on the valuation.
To see Spark’s full report on GB:TMO stock, click here.
More about Time Out
Time Out Group plc operates as a global media and hospitality company, specializing in delivering curated content and experiences related to food, drinks, culture, and entertainment. The company focuses on connecting customers with their city’s best offerings through its portfolio of media channels and hospitality locations.
Average Trading Volume: 56,423
Technical Sentiment Signal: Sell
Current Market Cap: £41.1M
See more data about TMO stock on TipRanks’ Stock Analysis page.