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BOKU ( (GB:BOKU) ) has issued an update.
Boku Inc., the AIM-quoted mobile payments specialist, has repurchased 250,000 of its own common shares at 220 pence each via Investec Bank and will hold the stock in treasury. Following this transaction, Boku’s issued share capital stands at 303,483,999 shares, of which 7,497,891 are held in treasury, leaving 295,986,108 voting rights outstanding, a figure shareholders are instructed to use when assessing disclosure thresholds under UK transparency rules. The move marginally reduces the free float and can signal management’s confidence in the company’s valuation and long-term prospects, while also providing Boku with greater flexibility over its capital structure and potential future use of treasury shares.
The most recent analyst rating on (GB:BOKU) stock is a Buy with a £334.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.
Spark’s Take on GB:BOKU Stock
According to Spark, TipRanks’ AI Analyst, GB:BOKU is a Outperform.
BOKU’s overall stock score reflects its strong financial performance and positive corporate events, which are offset by bearish technical indicators and a high P/E ratio. The company’s robust revenue growth and strategic initiatives position it well for future growth, but current market sentiment and valuation concerns present risks.
To see Spark’s full report on GB:BOKU stock, click here.
More about BOKU
Boku Inc. is a London-headquartered, AIM-listed global provider of mobile payment solutions. Its mobile-first payments network spans mobile wallets, direct carrier billing and account-to-account real-time payment schemes, reaching more than 7.5 billion mobile payment accounts via a single integration. The company serves major global technology and digital content providers including Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify and Tencent, and operates offices across Europe, the Americas and Asia.
Average Trading Volume: 486,820
Technical Sentiment Signal: Buy
Current Market Cap: £651.7M
Learn more about BOKU stock on TipRanks’ Stock Analysis page.