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Thorney Opportunities Ltd. ( (AU:TOP) ) has shared an announcement.
Thorney Opportunities Ltd reported a slight decline in its net tangible asset (NTA) backing per share at the end of January 2025 to 84.0 cents, down from 84.9 cents in December 2024. The performance was influenced by several key portfolio positions, including Solvar Limited and Retail Food Group Limited. The company continues its on-market share buyback program, purchasing 651,879 shares at an average price of 64.2 cents, and holds over $40 million in cash ready for deployment. The volatile market environment, influenced by global economic uncertainties and local economic indicators, has led the company to maintain a cautious outlook while being well-positioned to withstand potential future market fluctuations.
More about Thorney Opportunities Ltd.
Thorney Opportunities Ltd (TOP) is an ASX-listed investment company that engages in investing both in listed and unlisted equities and financial assets across various sectors, such as media, automotive, energy, engineering and mining services, and financial services. The company is managed by Thorney Investment Group, focusing on selecting investments that allow them to act as a catalyst for unlocking value in identified companies.
YTD Price Performance: 2.70%
Technical Sentiment Consensus Rating: Sell
See more data about TOP stock on TipRanks’ Stock Analysis page.
