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Thorney Opportunities Ltd. ( (AU:TOP) ) has shared an update.
Thorney Opportunities Ltd., an Australian-listed investment company trading under the ticker TOP, invests primarily in listed equities and seeks value-focused positions across the local market. Its ordinary fully paid shares are the subject of an active capital management program on the ASX.
The company has continued its on-market share buy-back, reporting that it purchased 100,000 ordinary shares in the most recent trading day, lifting the cumulative total bought back to 473,726 shares. The ongoing daily notifications indicate a sustained capital management effort that may support the share price and adjust the company’s capital structure in favour of remaining shareholders.
The most recent analyst rating on (AU:TOP) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on Thorney Opportunities Ltd. stock, see the AU:TOP Stock Forecast page.
More about Thorney Opportunities Ltd.
Thorney Opportunities Ltd. is an Australian-listed investment company trading under the ASX code TOP. It focuses on listed securities and typically pursues value-oriented opportunities in the Australian equity market.
Average Trading Volume: 87,450
Technical Sentiment Signal: Hold
Learn more about TOP stock on TipRanks’ Stock Analysis page.