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UIL Ltd ( (GB:UTL) ) has shared an update.
UIL Limited announced the repurchase and cancellation of 35,656 ordinary shares at a price of 115.00p per share, reducing the total number of shares with voting rights to 92,930,079. This transaction may affect shareholder calculations under the FCA’s Disclosure and Transparency Rules, potentially impacting their reporting obligations.
Spark’s Take on GB:UTL Stock
According to Spark, TipRanks’ AI Analyst, GB:UTL is a Neutral.
The stock score reflects significant financial difficulties characterized by negative income and inconsistent cash flows. Despite a stable technical analysis and positive corporate events indicating insider confidence, the negative P/E ratio and need for strategic improvements weigh heavily on the score.
To see Spark’s full report on GB:UTL stock, click here.
More about UIL Ltd
Average Trading Volume: 9,688
Technical Sentiment Signal: Hold
Find detailed analytics on UTL stock on TipRanks’ Stock Analysis page.