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The latest update is out from Nido Education Limited ( (AU:NDO) ).
Nido Education Limited has announced an on-market share buy-back program valued at up to $5 million, set to commence 14 days after the announcement and lasting up to 12 months. The buy-back aims to enhance shareholder value by purchasing shares at a price considered undervalued, without affecting the company’s growth strategy or dividend payments. The program will be funded through existing debt facilities and cash generation, maintaining a strong balance sheet. The board will continuously assess the program based on market conditions, share price performance, and investment opportunities.
More about Nido Education Limited
YTD Price Performance: 3.29%
Average Trading Volume: 105,040
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$179M
See more data about NDO stock on TipRanks’ Stock Analysis page.