Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from oOh media Ltd ( (AU:OML) ) is now available.
oOh!media Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 7,038,271 shares had been repurchased prior to the previous trading day, with an additional 281,606 shares bought back on the previous day as part of its ongoing capital management strategy.
oOh!media’s continued daily notifications to the ASX signal that the buy-back is progressing in line with its previously announced timetable. The incremental reduction in shares on issue may enhance earnings per share over time and reflects management’s confidence in the company’s valuation, with implications for existing shareholders through potential capital efficiency and improved equity metrics.
The most recent analyst rating on (AU:OML) stock is a Hold with a A$0.91 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 media company listed on the ASX under the code OML. The group operates in the out-of-home advertising sector, providing billboard, transit and other external display advertising solutions to brands and agencies across key urban and regional markets.
Average Trading Volume: 1,508,397
Technical Sentiment Signal: Sell
Current Market Cap: A$504.2M
For a thorough assessment of OML stock, go to TipRanks’ Stock Analysis page.