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Boom Logistics Ltd ( (AU:BOL) ) has issued an update.
Boom Logistics Ltd has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares, reporting that a total of 943,133 shares had been repurchased before the previous trading day and a further 111,457 shares were bought back on the previous day. The daily update, which follows the initial buy-back notification lodged in October and a prior update on 19 December, signals that the company is actively executing its buy-back strategy, indicating continued focus on capital management and potentially enhancing earnings per share and value for remaining shareholders as the issued capital base is progressively reduced.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.13 price target. To see the full list of analyst forecasts on Boom Logistics Ltd stock, see the AU:BOL Stock Forecast page.
More about Boom Logistics Ltd
Boom Logistics Ltd is an Australian-listed company trading under the ASX code BOL, with its ordinary fully paid shares forming the basis of current on‑market capital management activity. The company operates within the listed corporate sector and uses share buy-backs as part of its approach to managing its capital structure and shareholder value.
YTD Price Performance: 21.41%
Average Trading Volume: 75,595
Technical Sentiment Signal: Buy
Current Market Cap: A$65.59M
See more insights into BOL stock on TipRanks’ Stock Analysis page.