---
title: "BH Macro Completes Year-End Share Conversion and Adjusts Currency Share Balances"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274642210.md"
description: "BH Macro Limited has completed its year-end share conversion, establishing conversion ratios of 0.760759 sterling shares for each US dollar share and 1.314476 US dollar shares for each sterling share. The company will issue 464,473 new US dollar shares and cancel 353,354 sterling shares effective February 3, 2026. Following these changes, BH Macro will have 24,186,714 US dollar shares and 311,187,265 sterling shares in issue. The latest analyst rating for BH Macro stock is a Buy with a price target of £444.00, while TipRanks’ AI Analyst rates it as Neutral due to a strong balance sheet but inconsistent earnings history."
datetime: "2026-02-03T10:57:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274642210.md)
  - [en](https://longbridge.com/en/news/274642210.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274642210.md)
---

# BH Macro Completes Year-End Share Conversion and Adjusts Currency Share Balances

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An announcement from BH Macro Shs GBP ( (GB:BHMG) ) is now available.

BH Macro Limited has completed its scheduled 31 December 2025 share conversion, setting the conversion ratios at 0.760759 sterling shares for each US dollar share and 1.314476 US dollar shares for each sterling share, in line with its articles of incorporation. Based on shareholder applications, the company will issue 464,473 new US dollar shares and cancel 353,354 sterling shares with effect from 3 February 2026, with admission of the new stock to the London Stock Exchange’s main market expected around 10 February 2026 and CREST accounts updated the same day; following the changes, BH Macro will have 24,186,714 US dollar ordinary shares and 311,187,265 sterling ordinary shares in issue (excluding treasury shares), total voting rights of 476,152,882, and an unchanged voting power per share class, reflecting routine capital management rather than a shift in control for existing investors.

The most recent analyst rating on (GB:BHMG) stock is a Buy with a £444.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.

**Spark’s Take on GB:BHMG Stock**

According to Spark, TipRanks’ AI Analyst, GB:BHMG is a Neutral.

The score is primarily supported by a very strong balance sheet (no debt) but held back by inconsistent earnings/cash flow history. Weak technical momentum and a high P/E further constrain the rating, while ongoing buybacks provide only a modest offset.

To see Spark’s full report on GB:BHMG stock, click here.

**More about BH Macro Shs GBP**

BH Macro Limited is a closed-ended collective investment scheme incorporated in Guernsey that provides listed exposure to hedge fund strategies managed by Brevan Howard. Its shares, denominated in US dollars and sterling, are admitted to trading on the London Stock Exchange’s main market, giving investors access to alternative macro trading strategies via a liquid, exchange-traded vehicle.

**Average Trading Volume:** 735,170

**Technical Sentiment Signal:** Buy

See more insights into BHMG stock on TipRanks’ Stock Analysis page.

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