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Smarttech247 to Delist from AIM and Transition to Private Company

Story Highlights
  • Smarttech247 will cancel its AIM listing and re-register as a private limited company.
  • A Matched Bargain Facility will be introduced to facilitate shareholder transactions post-delisting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Smarttech247 to Delist from AIM and Transition to Private Company

Meet Your ETF AI Analyst

The latest update is out from Smarttech247 Group PLC ( (GB:S247) ).

Smarttech247 Group PLC announced the successful passing of all special resolutions at its recent general meeting, which includes the decision to cancel its AIM listing and re-register as a private limited company. This strategic move will be accompanied by the introduction of a Matched Bargain Facility through JP Jenkins to facilitate future shareholder transactions, reflecting a significant shift in the company’s market approach and shareholder engagement strategy.

The most recent analyst rating on (GB:S247) stock is a Hold with a £9.00 price target. To see the full list of analyst forecasts on Smarttech247 Group PLC stock, see the GB:S247 Stock Forecast page.

Spark’s Take on GB:S247 Stock

According to Spark, TipRanks’ AI Analyst, GB:S247 is a Neutral.

Smarttech247 Group PLC’s overall score is driven by strong financial performance, particularly in revenue growth and balance sheet strength. However, technical indicators suggest caution due to overbought conditions, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events limits further insights.

To see Spark’s full report on GB:S247 stock, click here.

More about Smarttech247 Group PLC

Smarttech247 Group PLC is a multi-award-winning company specializing in AI-enhanced cybersecurity services. It provides automated managed detection and response solutions to a diverse portfolio of international clients.

Average Trading Volume: 348,176

Technical Sentiment Signal: Sell

Current Market Cap: £4.14M

For detailed information about S247 stock, go to TipRanks’ Stock Analysis page.

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