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TEAM plc Issues New Shares for Capital Expansion

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TEAM plc Issues New Shares for Capital Expansion

Confident Investing Starts Here:

The latest announcement is out from TEAM plc ( (GB:TEAM) ).

TEAM plc announced the issuance of 600,000 new ordinary shares at 10 pence per share, raising £60,000 for working capital and corporate purposes. The shares will be admitted to trading on AIM, increasing the company’s total share capital to 62,140,022 shares, impacting shareholder voting rights calculations.

Spark’s Take on GB:TEAM Stock

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

TEAM plc’s overall stock score reflects significant revenue growth offset by weak profitability and negative cash flows. Technical indicators suggest caution, while valuation remains challenging due to negative earnings. Recent corporate activities present mixed signals, with insider trading offering both positive and negative implications for investor sentiment.

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

More about TEAM plc

TEAM plc is a wealth, asset management, and complementary financial services group.

YTD Price Performance: 25.00%

Average Trading Volume: 101,911

Technical Sentiment Signal: Buy

Current Market Cap: £7.69M

Learn more about TEAM stock on TipRanks’ Stock Analysis page.

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