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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc has executed a buy-back of 99,847 ordinary shares on the London Stock Exchange, as part of its previously announced share repurchase program. This transaction, conducted with Investec Bank plc, will result in the cancellation of the purchased shares, reducing the company’s issued share capital to 313,513,262 ordinary shares. This move is expected to impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:FCH Stock
According to Spark, TipRanks’ AI Analyst, GB:FCH is a Neutral.
Funding Circle Holdings’ overall score reflects a mix of improving profitability and strategic corporate actions, such as share buybacks, which enhance shareholder value. However, challenges like revenue volatility, negative cash flows, and a high P/E ratio contribute to a cautious outlook.
To see Spark’s full report on GB:FCH stock, click here.
More about Funding Circle Holdings
Funding Circle Holdings plc operates in the financial services industry, primarily focusing on providing small and medium-sized enterprises (SMEs) with access to funding through its online lending platform. The company is a significant player in the peer-to-peer lending market, facilitating loans for businesses seeking capital.
Average Trading Volume: 813,357
Technical Sentiment Signal: Strong Buy
Current Market Cap: £351.7M
See more insights into FCH stock on TipRanks’ Stock Analysis page.