By Michele Maatouk
Date: Monday 10 Jul 2023
LONDON (ShareCast) - (Sharecast News) - Media group Future rallied on Monday after it announced a proposed share buyback of up to £45m.
The company said it has a strong balance sheet, with leverage of 1.41x net debt to EBITDA and "a robust pipeline of attractive inorganic investment opportunities".
"However, the board believes that the share buyback programme will provide greater flexibility to achieve an optimal use of cash to deliver value for shareholders, whilst still maintaining a strong balance sheet."
At 0915 BST, the shares were up 5.9% at 733.63p.
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Currency | UK Pounds |
Share Price | 707.50p |
Change Today | 9.50p |
% Change | 1.36 % |
52 Week High | 1,096.00 |
52 Week Low | 577.00 |
Volume | 325,140 |
Shares Issued | 115.20m |
Market Cap | £815.06m |
RiskGrade | 189 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 3 |
Buy | 5 |
Neutral | 2 |
Sell | 0 |
Strong Sell | 1 |
Total | 11 |
Latest | Previous | |
---|---|---|
Final | Final | |
Ex-Div | 18-Jan-24 | 19-Jan-23 |
Paid | 13-Feb-24 | 14-Feb-23 |
Amount | 3.40p | 3.40p |
Time | Volume / Share Price |
16:49 | 1,161 @ 707.50p |
16:35 | 48,169 @ 707.50p |
16:35 | 32 @ 707.50p |
16:35 | 3 @ 707.50p |
16:35 | 105 @ 707.50p |
CFO | Penny Ladkin-Brand |
Chair | Richard N L Huntingford |
CEO | Jon Steinberg |
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