An announcement from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) is now available.
Australian Foundation Investment Company Limited has announced an update on its ongoing on-market buy-back program. As of March 12, 2025, the company has repurchased a total of 5,721,613 ordinary fully paid securities, with an additional 372,342 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively and potentially enhance shareholder value.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited is a prominent investment company in Australia, primarily focused on providing investors with diversified exposure to Australian equities. The company is known for its long-term investment strategy and aims to deliver both capital growth and income to its shareholders.
Technical Sentiment Consensus Rating: Buy
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