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UIL Ltd ( (GB:UTL) ) has issued an update.
UIL Limited has secured a £16.0m loan facility from General Provincial Life Pension Fund Limited (GPLPF), a related party due to its 78.5% stake in UIL. The company has drawn £13.3m of this facility, which matures on 31 October 2025 with a 10.5% interest rate. UIL has now agreed with GPLPF to increase the loan facility to £24.0m, with all other terms remaining unchanged.
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: 9,207
Technical Sentiment Signal: Hold
For a thorough assessment of UTL stock, go to TipRanks’ Stock Analysis page.