Thorney Opportunities Ltd. (AU:TOP) has released an update.
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Thorney Opportunities Ltd (TOP), an ASX-listed investment company, reported a net tangible asset (NTA) increase to 87.5 cents per share after tax as of September 2024, marking a 1.5% rise from the previous month. Despite a mixed performance in its portfolio, with notable gains from Service Stream and AMA Group, the company continues to proactively seek undervalued opportunities and has substantial capital ready to invest. TOP also bought back shares under its current buyback program, emphasizing a strong cash balance and confidence in its inherent portfolio value.
For further insights into AU:TOP stock, check out TipRanks’ Stock Analysis page.