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An announcement from Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) is now available.
Morphic Ethical Equities Fund Limited, an ASX-listed ethical investment company, continues to manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company, which trades under the ticker MEC, offers investors access to a portfolio of ethically screened equities and adjusts its share base as part of its ongoing investment and capital management strategy.
In its latest daily buy-back notification, MEC reported that it had repurchased a cumulative 958,705 shares prior to the previous trading day and a further 33,000 shares on that day. The ongoing on-market buy-back, first notified in April 2023 and now updated to 31 March 2026, signals active capital management that may support the fund’s net asset value per share and can be seen as a vote of confidence by the manager in the company’s underlying portfolio.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited is a listed investment company trading on the ASX under the code MEC. The fund focuses on ethical equities, providing investors with exposure to a portfolio of shares screened according to ethical or responsible investment criteria.
Average Trading Volume: 18,902
Technical Sentiment Signal: Buy
See more insights into MEC stock on TipRanks’ Stock Analysis page.