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NGE Capital Ltd ( (AU:NGE) ) just unveiled an announcement.
NGE Capital Limited reported a slight decline in its Net Tangible Assets (NTA) per share for April 2025, with the NTA before tax at $1.289 and after tax at $1.385. The company executed a buyback of 500,000 shares and highlighted a significant gain from its investment in Indiana Resources, which received a substantial payment from the Tanzanian government, boosting its cash reserves. This strategic move is expected to enhance shareholder value through further capital distributions and dividends.
More about NGE Capital Ltd
NGE Capital Limited is an internally managed Listed Investment Company that provides investors with access to a concentrated, high conviction, actively managed portfolio of financial assets. The company primarily focuses on listed ASX and international equities, aiming to generate strong risk-adjusted returns over the medium to long term.
YTD Price Performance: -3.74%
Average Trading Volume: 43,213
Technical Sentiment Signal: Buy
Find detailed analytics on NGE stock on TipRanks’ Stock Analysis page.
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