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Clime Capital Limited ( (AU:CAM) ) just unveiled an update.
Clime Capital Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares, disclosing that it has repurchased a total of 6,955,835 shares prior to the latest trading day and a further 90,274 shares on the previous day. The continued daily buy-back activity signals the company’s sustained capital management efforts, potentially enhancing net asset value per share and supporting the stock price, and reflects management’s confidence in the company’s valuation, with implications for existing shareholders through a reduced free float and increased ownership concentration.
More about Clime Capital Limited
Clime Capital Limited is an Australian-listed investment company trading under the ASX code CAM, issuing ordinary fully paid shares to investors seeking exposure to its managed portfolio of assets.
Average Trading Volume: 169,626
Technical Sentiment Signal: Buy
For a thorough assessment of CAM stock, go to TipRanks’ Stock Analysis page.