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oOh!media Cancels Over 5.3 Million Shares After On-Market Buy-Back

Story Highlights
  • oOh!media operates in Australian out-of-home advertising, focusing on large-format media solutions.
  • The company cancelled about 5.3 million ordinary shares via an on-market buy-back, reducing issued capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
oOh!media Cancels Over 5.3 Million Shares After On-Market Buy-Back

Meet Samuel – Your Personal Investing Prophet

An update from oOh media Ltd ( (AU:OML) ) is now available.

oOh!media Limited has cancelled 5,303,862 fully paid ordinary shares following completion of an on-market share buy-back, as disclosed in an Appendix 3H lodged with the ASX. The reduction in issued capital reflects the company’s ongoing capital management strategy, which may enhance earnings per share and potentially support shareholder value by tightening the share base.

The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.

More about oOh media Ltd

oOh!media Limited is an Australian outdoor advertising company listed on the ASX under the code OML. The group primarily operates in the out-of-home media sector, offering billboard, transit and other large-format advertising solutions to brands targeting commuters and urban audiences across key markets.

Average Trading Volume: 1,652,054

Technical Sentiment Signal: Sell

Current Market Cap: A$477.5M

See more insights into OML stock on TipRanks’ Stock Analysis page.

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