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UIL Ltd ( (GB:UTL) ) just unveiled an announcement.
UIL Limited announced the repurchase and cancellation of 49,180 ordinary shares at a price of 125.00p per share, reducing the total number of ordinary shares with voting rights to 92,738,602. This transaction impacts shareholders as it alters the denominator used for calculations under the FCA’s Disclosure and Transparency Rules, potentially affecting 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: 8,437
Technical Sentiment Signal: Hold
For an in-depth examination of UTL stock, go to TipRanks’ Overview page.