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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has shared an update.
Australian Foundation Investment Company Limited, a listed investment company on the ASX under ticker AFI, offers ordinary fully paid shares that provide investors with access to a diversified investment portfolio. The company operates within the Australian funds management and listed investment sector, focusing on delivering long-term returns to shareholders through its portfolio of assets.
The company has updated the market with a daily notification on its on-market share buy-back, reporting that it had repurchased a total of 6,848,432 shares before the previous trading day and a further 285,372 shares on that day. This ongoing buy-back program reduces the number of shares on issue, potentially supporting earnings per share and net asset value per share, and signals continued capital management activity that may be viewed positively by existing shareholders.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited is a listed Australian investment company that trades on the ASX under the code AFI. It issues ordinary fully paid shares and operates as a vehicle for investors seeking exposure to a diversified portfolio of investments through a listed structure.
Average Trading Volume: 568,068
Technical Sentiment Signal: Hold
Learn more about AFI stock on TipRanks’ Stock Analysis page.