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Petershill Partners PLC ( (GB:PHLL) ) has issued an announcement.
Petershill Partners PLC has announced a strategic move involving a reduction of capital through a UK Court-sanctioned scheme of arrangement and the delisting of its shares from the London Stock Exchange. The company has published a Scheme Circular detailing the proposal, which requires shareholder approval at upcoming meetings. The Board, advised by J.P. Morgan Cazenove and BofA Securities, recommends shareholders vote in favor, considering the proposal to be in the best interests of the company and its stakeholders.
The most recent analyst rating on (GB:PHLL) stock is a Hold with a £3.09 price target. To see the full list of analyst forecasts on Petershill Partners PLC stock, see the GB:PHLL Stock Forecast page.
Spark’s Take on GB:PHLL Stock
According to Spark, TipRanks’ AI Analyst, GB:PHLL is a Outperform.
Petershill Partners PLC demonstrates strong financial performance and attractive valuation, with significant revenue growth and a robust balance sheet. Despite concerns over liquidity and trading discounts, the company’s strategic initiatives and positive earnings call outlook support a favorable stock score.
To see Spark’s full report on GB:PHLL stock, click here.
More about Petershill Partners PLC
Average Trading Volume: 1,389,030
Technical Sentiment Signal: Buy
Current Market Cap: £3.28B
Find detailed analytics on PHLL stock on TipRanks’ Stock Analysis page.