Puma Alpha VCT Plc ( (GB:PUAL) ) has issued an announcement.
Puma Alpha VCT plc has announced a further allotment of 226,075 ordinary shares as part of its subscription offer to raise up to £15 million, with an additional over-allotment facility of £5 million. The shares were allotted at prices ranging from £0.9920 to £1.0123 per share, based on the most recent net asset value. This increases the total number of shares in issue to 32,908,086, which also represents the total voting rights. The shares are expected to be admitted to the London Stock Exchange on or around 28 April 2025.
Spark’s Take on GB:PUAL Stock
According to Spark, TipRanks’ AI Analyst, GB:PUAL is a Neutral.
Puma Alpha VCT Plc is currently facing significant financial challenges with declining revenue and negative profitability. Despite a strong equity position and recent strategic investments, the negative cash flows and valuation concerns weigh heavily on its overall performance. Technical indicators further highlight bearish sentiment, although the dividend yield offers a slight positive aspect for investors.
To see Spark’s full report on GB:PUAL stock, click here.
More about Puma Alpha VCT Plc
YTD Price Performance: -2.01%
Technical Sentiment Signal: Buy
Current Market Cap: £28.18M
Learn more about PUAL stock on TipRanks’ Stock Analysis page.