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An announcement from Prophecy International Holdings Ltd ( (AU:PRO) ) is now available.
Prophecy International Holdings Ltd has announced the termination of its proposed merger with Complexica Pty Ltd, as both parties agreed it was not in their best interests. This decision allows Prophecy to focus its resources on its core business operations. The planned on-market share buyback of up to $1.5 million, which was contingent on the merger’s completion, will also not proceed. Despite the merger’s termination, Prophecy and Complexica may explore future collaboration opportunities related to product implementation.
The most recent analyst rating on (AU:PRO) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Prophecy International Holdings Ltd stock, see the AU:PRO Stock Forecast page.
More about Prophecy International Holdings Ltd
Prophecy International Holdings Limited (ASX: PRO) is a leading Australian company specializing in the design and development of innovative business software. The company offers two main products, Snare and emite, which serve the global markets of Cloud Data Management, Contact Centre Analytics, and Cyber Security. Emite provides a SaaS-based analytics platform for contact centres, while Snare is a scalable platform for Centralised Log Management and Security Analytics. Prophecy operates globally with offices in Australia, the UK, and the USA.
Average Trading Volume: 65,516
Technical Sentiment Signal: Sell
Current Market Cap: A$13.28M
See more data about PRO stock on TipRanks’ Stock Analysis page.