Thorney Opportunities lifts NTA and extends buyback on strong April rebound

Thorney Opportunities Ltd. ( (AU:TOP) ) has issued an update.

Thorney Opportunities Ltd reported that its after-tax net tangible asset backing rose to 85.9 cents per share at 30 April 2026 from 78.8 cents a month earlier, with the investment portfolio gaining 9.05% in April and outperforming the S&P/ASX Small Ordinaries Accumulation Index by 5.72 percentage points for the month. Key contributors to the rebound included Southern Cross Electrical Engineering, Zip Co, AMA Group, Austin Engineering and COG Financial Services, while the portfolio remained heavily weighted to ASX-listed securities and financials, with a notable allocation to infrastructure, energy and industrial names.

The company highlighted a strong balance sheet with approximately $24.7 million in cash held with major banks and undrawn prime broker and margin lending facilities, providing significant deployable capital. This liquidity underpins ongoing capital management, including the purchase of 611,750 shares under its on-market buyback in April and the renewal of the buyback program through March 2027, as management maintains a cautious but confident outlook amid global market volatility, supply chain disruptions and inflationary pressures.

More about Thorney Opportunities Ltd.

Thorney Opportunities Ltd is an ASX-listed investment company managed by Thorney Investment Group, focusing on listed and unlisted equities and financial assets across sectors including media, automotive, energy, engineering, mining services and financial services. The firm targets fundamentally mispriced or undervalued companies and seeks to act as a constructive catalyst to unlock value, aiming for absolute returns and a strong fully franked dividend stream for shareholders.

YTD Price Performance: -19.48%

Average Trading Volume: 120,827

Technical Sentiment Signal: Hold

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