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Thorney Opportunities Ltd. ( (AU:TOP) ) has shared an update.
Thorney Opportunities Ltd has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares, reporting that a total of 7,865,720 shares had been repurchased prior to the latest trading day, with a further 12,830 shares bought back on the previous day. The continued execution of this buy-back signals the company’s ongoing capital management strategy, which may support earnings per share and potentially enhance value for remaining shareholders by reducing the number of shares on issue.
The most recent analyst rating on (AU:TOP) stock is a Hold with a A$0.72 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, investing in a portfolio of listed securities and special situations with a focus on generating returns for its shareholders.
Average Trading Volume: 94,732
Technical Sentiment Signal: Buy
For a thorough assessment of TOP stock, go to TipRanks’ Stock Analysis page.