An announcement from Aussie Broadband Ltd. ( (AU:ABB) ) is now available.
Aussie Broadband Ltd. has announced an update on its ongoing on-market buy-back program, revealing that it repurchased 450,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 5,468,929. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares in the market.
More about Aussie Broadband Ltd.
Aussie Broadband Ltd. operates in the telecommunications industry, providing internet services and related products primarily in Australia. The company focuses on delivering high-speed broadband services to residential and business customers, aiming to enhance connectivity and customer experience.
YTD Price Performance: 15.82%
Average Trading Volume: 574,535
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.21B
Learn more about ABB stock on TipRanks’ Stock Analysis page.