tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Boku Buys Back 75,000 Shares, Reducing Free-Float Voting Rights

Story Highlights
  • Boku repurchased 75,000 common shares at 225.50 pence, holding them in treasury.
  • Post-buyback, Boku has 295,657,034 voting rights in issue, reflecting active capital management.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Boku Buys Back 75,000 Shares, Reducing Free-Float Voting Rights

Claim 50% Off TipRanks Premium

An update from BOKU ( (GB:BOKU) ) is now available.

Boku Inc., the London-headquartered mobile payments specialist listed on AIM, has executed a share buyback transaction, repurchasing 75,000 of its common shares at a price of 225.50 pence per share via Investec Bank and holding the stock in treasury. Following this transaction, Boku’s issued share capital stands at 303,578,249 common shares, of which 7,921,215 are held in treasury, leaving 295,657,034 voting rights in circulation, a figure shareholders can use to assess disclosure obligations under UK transparency rules, while the buyback signals ongoing capital management and may be viewed by investors as a sign of confidence in the company’s valuation and long-term prospects.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £250.00 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. (AIM: BOKU) is a leading global provider of mobile payment solutions, offering a mobile-first payments network that includes mobile wallets, direct carrier billing and account-to-account/real-time payment schemes. Through a single integration, its platform reaches more than 7.5 billion mobile payment accounts and is used by major global technology and digital content companies such as Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify and Tencent. Founded in 2008 and headquartered in London, Boku operates across multiple international markets including the US, Europe, Asia and Latin America.

Average Trading Volume: 479,357

Technical Sentiment Signal: Strong Buy

Current Market Cap: £671.3M

For detailed information about BOKU stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1