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The latest update is out from Thorney Opportunities Ltd. ( (AU:TOP) ).
Thorney Opportunities Ltd has announced the extension of its on-market share buy-back program for another 12 months, set to run from March 2025 to March 2026. This strategic move aims to narrow the discount between the company’s share price and its net tangible assets (NTA), with funding sourced from existing cash reserves. The Directors have stated they will not participate in this buy-back, which will operate within the ’10/12′ limit as per the Corporations Act, ensuring no need for shareholder approval. The decision underscores TOP’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Thorney Opportunities Ltd.
Thorney Opportunities Ltd (TOP) is an ASX-listed investment company focused on producing absolute returns for shareholders over the medium to long term. It invests in listed and unlisted equities and financial assets across various sectors such as media, automotive, energy, and pharmaceuticals. Managed by Thorney Investment Group, TOP leverages a strategy of careful investment selection to unlock value in its focus companies.
YTD Price Performance: 1.08%
Technical Sentiment Consensus Rating: Sell
Learn more about TOP stock on TipRanks’ Stock Analysis page.