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UIL Ltd ( (GB:UTL) ) has shared an announcement.
UIL Limited announced the purchase and cancellation of 110,000 ordinary shares at a price of 180.34p each, reducing the total number of shares with voting rights to 92,003,263. This transaction may affect shareholders’ calculations regarding their interest in the company under FCA’s rules, potentially impacting their disclosure requirements.
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: 12,026
Technical Sentiment Signal: Buy
See more insights into UTL stock on TipRanks’ Stock Analysis page.