An announcement from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) is now available.
Australian Foundation Investment Company Limited announced the cessation of 3,850,153 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, potentially enhancing shareholder value by reducing the number of shares outstanding and increasing earnings per share.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates in the investment industry, focusing on managing a diversified portfolio of Australian equities. The company aims to provide shareholders with attractive investment returns through a balance of capital and income growth.
Technical Sentiment Signal: Buy
Learn more about AFI stock on TipRanks’ Stock Analysis page.