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An update from 360 Capital Group Limited ( (AU:TGP) ) is now available.
360 Capital Group has disclosed a significant increase in Managing Director Tony Pitt’s holding in the company’s fully paid ordinary stapled securities, with associated entities acquiring 39,384,393 securities on-market at $0.31 each during the bid period of an on-market takeover offer by TT Investments Pty Limited as trustee for the TT Investment Trust. Following these transactions, Pitt’s total interest has risen to 190,475,159 stapled securities plus 1.5 million 2024 LTI Rights, underscoring a strengthened insider stake and aligning the director more closely with securityholders’ interests during the ongoing takeover bid.
The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on 360 Capital Group Limited stock, see the AU:TGP Stock Forecast page.
More about 360 Capital Group Limited
360 Capital Group Limited, together with 360 Capital Investment Trust, operates as a stapled security investment group listed on the ASX, focusing on investment management and capital markets activities through various managed entities and trusts.
YTD Price Performance: 35.96%
Average Trading Volume: 1,029,913
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$57.6M
See more insights into TGP stock on TipRanks’ Stock Analysis page.