The latest announcement is out from J Smart & Co (Contractors) ( (GB:SMJ) ).
J Smart & Co (Contractors) PLC announced the purchase and immediate cancellation of 23,881 ordinary shares at a price of 120.0p per share. This transaction reduces the total number of ordinary shares in issue to 38,986,001, which also represents the total number of voting rights. This move may impact shareholders as it affects the denominator used in calculations for notifying changes in their interests under the FCA’s Disclosure and Transparency Rules.
Spark’s Take on GB:SMJ Stock
According to Spark, TipRanks’ AI Analyst, GB:SMJ is a Neutral.
J Smart & Co demonstrates strong revenue growth and a stable balance sheet, but profitability margins and cash flow generation remain significant concerns. The technical indicators are bearish, and the stock may be overvalued. Corporate events suggest mixed sentiment, with commitments to dividends but challenges in profitability. Improvements in cash flow and strategic execution are crucial for a more positive outlook.
To see Spark’s full report on GB:SMJ stock, click here.
More about J Smart & Co (Contractors)
J Smart & Co (Contractors) PLC operates in the construction industry, focusing on contracting services. The company is involved in various construction projects and is based in Edinburgh, Scotland.
YTD Price Performance: -4.00%
Average Trading Volume: 7,231
Technical Sentiment Signal: Buy
Current Market Cap: £46.81M
For detailed information about SMJ stock, go to TipRanks’ Stock Analysis page.