An update from Ninety One ( (GB:N91) ) is now available.
Ninety One Limited announced the disposal of a beneficial interest in its securities by Fairtree Asset Management, reducing its holding from 5.02% to 4.97%. This notification complies with the Companies Act and JSE Listings Requirements, and the necessary filings have been made with the Takeover Regulation Panel. The board of directors confirms the accuracy of the information provided.
Spark’s Take on GB:N91 Stock
According to Spark, TipRanks’ AI Analyst, GB:N91 is a Neutral.
Ninety One’s stock is buoyed by strong cash flow and an attractive valuation, despite challenges like declining revenue and high leverage. The strategic partnership with Sanlam and share repurchases offer growth potential. However, technical indicators suggest caution, and market volatility remains a risk.
To see Spark’s full report on GB:N91 stock, click here.
More about Ninety One
Ninety One is a dual-listed company incorporated in South Africa and the United Kingdom, operating in the financial services industry. It is primarily focused on asset management services, with its shares listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).
Average Trading Volume: 760,099
Technical Sentiment Signal: Buy
Current Market Cap: £2.65B
For detailed information about N91 stock, go to TipRanks’ Stock Analysis page.