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UIL Limited Reduces Share Count Through Buyback

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UIL Limited Reduces Share Count Through Buyback

TipRanks Cyber Monday Sale

An update from UIL Ltd ( (GB:UTL) ) is now available.

UIL Limited has announced a transaction involving the purchase and cancellation of 110,000 of its own ordinary shares at a price of 180.63p per share. This transaction reduces the total number of ordinary shares with voting rights to 90,522,799, which is significant for shareholders as it affects the calculations for notifying changes in their interest in the company under FCA 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: 41,218

Technical Sentiment Signal: Buy

Find detailed analytics on UTL stock on TipRanks’ Stock Analysis page.

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