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UIL Ltd ( (GB:UTL) ) just unveiled an announcement.
UIL Limited, an investment company, announced its unaudited financial results for the six months ending 31 December 2024, showing significant improvements in its net asset value and share price total returns compared to the previous period. The company is undergoing structural simplification and moving towards privatization, with steps including share buybacks and the redemption of zero dividend preference shares (ZDPs). The company’s strategy aims to narrow the discount to its net asset value and offer minority shareholders opportunities to exit at a discount. Significant progress was made in the half-year with the full acquisition of Zeta Resources Limited, the redemption of 2024 ZDP shares, and plans to privatize Somers Limited. The financial strategy includes funding through asset sales and borrowings, with investments in promising projects such as the Kumarina gold opportunity.
More about UIL Ltd
YTD Price Performance: 6.94%
Average Trading Volume: 7,904
Technical Sentiment Consensus Rating: Sell
For detailed information about UTL stock, go to TipRanks’ Stock Analysis page.
