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Thorney Technologies Limited ( (AU:TEK) ) has provided an update.
Thorney Technologies Ltd has cancelled 1,399,301 fully paid ordinary shares on 30 January 2026 as part of an on-market buy-back, reducing its total number of securities on issue. The capital management move is expected to slightly consolidate existing shareholders’ interests and signals the company’s ongoing use of buy-backs as a tool to manage its balance sheet and capital structure.
The most recent analyst rating on (AU:TEK) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Thorney Technologies Limited stock, see the AU:TEK Stock Forecast page.
More about Thorney Technologies Limited
Thorney Technologies Ltd is an investment company listed on the ASX under the code TEK, focused on holding and managing a portfolio of technology-related securities for its shareholders.
Average Trading Volume: 227,073
Technical Sentiment Signal: Hold
Learn more about TEK stock on TipRanks’ Stock Analysis page.