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The latest update is out from Shriro Holdings Ltd. ( (AU:SHM) ).
Shriro Holdings Limited has completed a share buy-back that was fully subscribed and conducted at a premium to the prevailing market price, resulting in the repurchase of approximately 7.9% of its issued shares. The $5 million off-market buy-back for 6,172,839 shares at $0.81 per share was oversubscribed, triggering a pro-rata scale-back for shareholders who offered additional shares beyond their entitlement, with the company confirming it will honour those additional offers on a proportional basis and will announce the final pro-rata percentage separately.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.85 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 Limited (ASX: SHM) is an Australian consumer products company that markets and distributes a range of branded household and lifestyle goods, with its shares listed on the Australian Securities Exchange and a shareholder base that includes both retail and institutional investors.
Average Trading Volume: 382,303
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$60.95M
For an in-depth examination of SHM stock, go to TipRanks’ Overview page.