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Bhagwan Marine Ltd. ( (AU:BWN) ) just unveiled an announcement.
Bhagwan Marine Limited has announced the release of 134,920,032 fully paid ordinary shares from voluntary escrow, coinciding with the release of its audited financial results. The company, led by the Kannikoski family, remains committed to innovation and growth, with key shareholders expressing their intent to maintain significant long-term involvement. This move underscores Bhagwan’s position as a leading marine solutions provider in Australia, aiming for sustainable earnings growth and value creation for shareholders.
The most recent analyst rating on (AU:BWN) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Bhagwan Marine Ltd. stock, see the AU:BWN Stock Forecast page.
More about Bhagwan Marine Ltd.
Bhagwan Marine (ASX: BWN) is a leading Australian marine solutions provider, delivering specialised services across the offshore energy, subsea, ports & inshore, and defence sectors. With Australia’s largest vessel fleet and a highly skilled workforce, Bhagwan offers customised solutions, maintaining a strong presence in the industry through long-term partnerships with major operators and government entities.
Average Trading Volume: 292,207
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$158.2M
For detailed information about BWN stock, go to TipRanks’ Stock Analysis page.