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Foresight Vct ( (GB:FTV) ) has issued an update.
Foresight VCT PLC has announced the allotment of 4,443,562 Ordinary Shares under its Dividend Reinvestment Scheme, priced at 75.4p per share. This move increases the total number of shares in issue to 306,021,448, and the new shares are expected to be admitted to trading on the London Stock Exchange on or around 13 May 2025, potentially impacting the company’s market presence and shareholder engagement.
Spark’s Take on GB:FTV Stock
According to Spark, TipRanks’ AI Analyst, GB:FTV is a Outperform.
Foresight Vct’s stock is supported by strong technical indicators and an attractive valuation. The company’s strong profitability and robust balance sheet are slightly offset by challenges in revenue growth and cash flow management. The absence of debt and a high dividend yield further enhance its appeal.
To see Spark’s full report on GB:FTV stock, click here.
More about Foresight Vct
Foresight VCT PLC operates in the financial industry, focusing on venture capital trusts. The company primarily engages in providing investment opportunities and financial services, with a market focus on enhancing shareholder value through strategic equity allocations.
Average Trading Volume: 7,892
Technical Sentiment Signal: Strong Buy
Learn more about FTV stock on TipRanks’ Stock Analysis page.