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Shriro Holdings Ltd. ( (AU:SHM) ) has issued an announcement.
Shriro Holdings Ltd announced that it has decided against proceeding with a previously considered delisting from the ASX and an associated share buy-back. Instead, the company is contemplating an off-market buy-back of $5 million worth of shares at $0.81 per share, subject to regulatory approval, and a special dividend to replace the final dividend not paid for the year ended June 2025. These decisions reflect the company’s strategic adjustments in response to market conditions and shareholder interests.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shriro Holdings Ltd. stock, see the AU:SHM Stock Forecast page.
More about Shriro Holdings Ltd.
Shriro Holdings Ltd is a leading consumer products marketing and distribution group operating in Australia, New Zealand, USA, China, and exporting globally. The company markets and distributes a wide range of both company-owned and third-party brands, including Everdure, Omega Altise, Robinhood, Casio, Pioneer, Grohe, and American Standard. Their product offerings span calculators, watches, musical instruments, audio products, kitchen appliances, and more.
Average Trading Volume: 73,240
Technical Sentiment Signal: Hold
Current Market Cap: A$50.63M
Learn more about SHM stock on TipRanks’ Stock Analysis page.