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Thorney Opportunities Ltd. ( (AU:TOP) ) just unveiled an announcement.
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. The company reported that a total of 223,726 shares had been repurchased prior to the last trading day, with a further 150,000 shares bought back on the previous day as part of the daily buy-back activity.
The latest disclosure signals the company’s continued use of buy-backs as a capital management tool, potentially supporting its share price and improving capital efficiency for existing shareholders. Regular daily reporting of repurchases also underscores compliance with ASX requirements and offers investors greater transparency into the scale and pace of the program.
The most recent analyst rating on (AU:TOP) stock is a Buy with a A$0.67 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. The company invests in a portfolio of listed securities, positioning itself as a vehicle for investors seeking exposure to a managed selection of Australian equities and related opportunities.
YTD Price Performance: -8.74%
Average Trading Volume: 85,967
Technical Sentiment Signal: Hold
Find detailed analytics on TOP stock on TipRanks’ Stock Analysis page.