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An update from Pacific Horizon Investment Trust PLC ( (GB:PHI) ) is now available.
Pacific Horizon Investment Trust PLC, managed by Baillie Gifford & Co Limited, has announced the purchase of 100,000 of its own ordinary shares at a price of 755.14p each. These shares will be held in Treasury, increasing the total number of treasury shares to 8,634,528. This transaction affects the total shares in issue, which now stands at 83,440,433, a figure that shareholders can use to determine their interest in the company under FCA’s rules.
Spark’s Take on GB:PHI Stock
According to Spark, TipRanks’ AI Analyst, GB:PHI is a Neutral.
Pacific Horizon Investment Trust PLC demonstrates strong financial stability with a robust balance sheet and significant improvements in profitability. However, cash flow challenges pose risks that need addressing for sustainable growth. The technical indicators suggest potential short-term weakness, while the low P/E ratio presents an attractive valuation. The positive outlook on Asian markets could enhance future performance, providing a balanced investment case.
To see Spark’s full report on GB:PHI stock, click here.
More about Pacific Horizon Investment Trust PLC
Average Trading Volume: 177,188
Technical Sentiment Signal: Buy
See more data about PHI stock on TipRanks’ Stock Analysis page.