Pacific Horizon Buys Back 50,000 Shares for Treasury
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Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 1,016.55p each, now holding 11,056,784 shares in treasury. This buyback reflects active capital management and may enhance net asset value per share. The company has 81,018,177 shares in issue excluding treasury stock. Spark's analysis rates PHI as an Outperform, citing attractive valuation and positive technical momentum, though financial performance is impacted by volatile revenue and weak cash-flow conversion. The trust focuses on growth opportunities in Asia and emerging markets, managed by Baillie Gifford.
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