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An update from UIL Ltd ( (GB:UTL) ) is now available.
UIL Limited, a company involved in investment management, has announced the sale of its entire shareholding in Somers Limited. The transaction involves two agreements: one with General Provincial Life Pension Fund Limited to settle an outstanding loan of £17.1 million, and another with Somers Limited for a buyback of shares worth £99 million. This strategic move will reduce UIL’s borrowings by £17.1 million and maintain its net asset value per share, reflecting a significant restructuring of its investment portfolio.
Spark’s Take on GB:UTL Stock
According to Spark, TipRanks’ AI Analyst, GB:UTL is a Neutral.
The stock score reflects significant financial difficulties characterized by negative income and inconsistent cash flows. Despite a stable technical analysis and positive corporate events indicating insider confidence, the negative P/E ratio and need for strategic improvements weigh heavily on the score.
To see Spark’s full report on GB:UTL stock, click here.
More about UIL Ltd
Average Trading Volume: 8,058
Technical Sentiment Signal: Buy
See more data about UTL stock on TipRanks’ Stock Analysis page.