Pacific Horizon Investment Trust Increases Treasury Shares After Buyback
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Pacific Horizon Investment Trust PLC has repurchased 200,000 ordinary shares at 945.44p each, increasing its treasury holdings to 10,403,494 shares. The total number of shares in issue, excluding treasury shares, is now 81,671,467. This buyback reflects active capital management and may impact metrics like net asset value per share. Spark's analysis rates PHI stock as Neutral, citing weak cash conversion and volatility despite a strong balance sheet. The investment trust focuses on capital growth and is managed by Baillie Gifford & Co Limited.
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