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The latest update is out from UIL Ltd ( (GB:UTL) ).
UIL Limited announced the repurchase and cancellation of 112,000 ordinary shares at a price of 177.23p each, reducing the total number of shares with voting rights to 90,781,346. This transaction affects shareholder calculations under the FCA’s Disclosure and Transparency Rules, potentially impacting their notification requirements regarding interest changes in the company.
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: 34,537
Technical Sentiment Signal: Buy
For detailed information about UTL stock, go to TipRanks’ Stock Analysis page.