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UIL Ltd ( (GB:UTL) ) has issued an update.
UIL Limited has announced a transaction involving the repurchase and cancellation of 42,900 ordinary shares at a price of 116.40p per share, reducing the total number of shares with voting rights to 92,887,179. This transaction impacts shareholders as it alters the denominator used for calculating their interest in the company under FCA’s Disclosure and Transparency Rules.
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: 8,396
Technical Sentiment Signal: Hold
Find detailed analytics on UTL stock on TipRanks’ Stock Analysis page.