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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has shared an announcement.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 9,843,395 ordinary fully paid securities, with 64,000 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and optimizing its financial position.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates in the investment industry, focusing on providing investors with access to a diversified portfolio of Australian equities. The company is known for its long-term investment strategy, aiming to deliver capital growth and consistent income through a carefully selected mix of securities.
Average Trading Volume: 517,799
Technical Sentiment Signal: Buy
See more insights into AFI stock on TipRanks’ Stock Analysis page.