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An update from EarlyPay Limited ( (AU:EPY) ) is now available.
Earlypay Limited has announced the extension of its on-market buyback program for an additional 12 months, allowing the company to repurchase up to 10% of its ordinary shares. This move is part of Earlypay’s capital management strategy, aiming to optimize its operational and cash requirements while enhancing shareholder value. The buyback will be conducted within the legal limits without needing shareholder approval, and the shares acquired will be cancelled, potentially impacting the company’s share capital structure.
The most recent analyst rating on (AU:EPY) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
More about EarlyPay Limited
Earlypay is a leading provider of working capital finance to Australian SMEs, offering invoice finance and equipment finance products. The company helps SMEs manage cash flow by providing early payment of unpaid invoices and supports capital expenditure through equipment finance. Established in 2001, Earlypay has built a reputation for delivering reliable and innovative financial solutions.
Average Trading Volume: 168,795
Technical Sentiment Signal: Buy
Current Market Cap: A$56.68M
See more insights into EPY stock on TipRanks’ Stock Analysis page.