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Schaffer Corporation Limited ( (AU:SFC) ) has shared an update.
Schaffer Corporation Limited has closed its existing on-market share buyback program, originally launched in May 2022, after reaching its scheduled end date of 30 June 2025, with the final share purchase executed in early July 2023. The company has concurrently announced the commencement of a new on-market share buyback, signaling an ongoing capital management strategy that may support earnings per share, demonstrate confidence in its valuation, and potentially benefit existing shareholders through reduced share count.
Details of the new buyback will be provided in a forthcoming ASX filing, with the Board formally authorizing the move as part of its oversight of capital allocation. The continuation of buyback activity positions Schaffer to actively manage its balance sheet and shareholder returns amid evolving market conditions, while providing investors with a signal of management’s outlook on the company’s prospects and capital needs.
The most recent analyst rating on (AU:SFC) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Schaffer Corporation Limited stock, see the AU:SFC Stock Forecast page.
More about Schaffer Corporation Limited
Schaffer Corporation Limited is an Australian company listed on the ASX under the ticker SFC. It operates as an investment and operating group, with activities historically spanning building materials, automotive leather, and property, giving it exposure to both industrial and property markets.
Average Trading Volume: 2,396
Technical Sentiment Signal: Hold
Current Market Cap: A$251.4M
See more insights into SFC stock on TipRanks’ Stock Analysis page.