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Shaftesbury Capital ( (GB:SHC) ) has provided an announcement.
Shaftesbury Capital PLC announced changes to its exchangeable bonds due to a recent interim cash dividend distribution. The capital distribution resulting from the dividend has led to adjustments in the exchange property, increasing the number of shares and cash per bond. This announcement impacts bondholders by altering the value and composition of the exchange property, reflecting the company’s financial strategy and market positioning.
The most recent analyst rating on (GB:SHC) stock is a Hold with a £153.00 price target. To see the full list of analyst forecasts on Shaftesbury Capital stock, see the GB:SHC Stock Forecast page.
Spark’s Take on GB:SHC Stock
According to Spark, TipRanks’ AI Analyst, GB:SHC is a Neutral.
Shaftesbury Capital’s overall stock score is driven by strong financial performance and attractive valuation metrics. However, technical indicators suggest bearish momentum, which tempers the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:SHC stock, click here.
More about Shaftesbury Capital
Shaftesbury Capital PLC operates in the financial services industry, primarily focusing on the issuance of secured exchangeable bonds. The company is involved in managing financial instruments that are exchangeable into ordinary shares, catering to investors seeking structured financial products.
Average Trading Volume: 4,130,699
Technical Sentiment Signal: Buy
Current Market Cap: £2.75B
For an in-depth examination of SHC stock, go to TipRanks’ Overview page.