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UIL Ltd ( (GB:UTL) ) has provided an update.
UIL Limited has secured a A$15 million loan facility from Resimac Group Limited, a prominent non-bank lender listed on the ASX. This loan, which has an interest rate of 8.0% per annum and is repayable by December 2025, will be used for general corporate purposes. The transaction highlights UIL’s strategic financial maneuvers and its interconnected relationship with Resimac, where UIL holds a significant stake, potentially impacting its financial flexibility and stakeholder interests.
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: 10,673
Technical Sentiment Signal: Buy
Learn more about UTL stock on TipRanks’ Stock Analysis page.