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Thorney Technologies Limited ( (AU:TEK) ) has shared an update.
Thorney Technologies has confirmed that its Investment Manager has exercised a contractual option to extend the Investment Management Agreement, pushing the initial term out to 16 December 2026 with a further seven-year extension now locked in. The extension secures continuity of the company’s investment strategy under the current manager for an extended period.
In response to ongoing concerns about investment performance and a persistent discount of the share price to net tangible assets, the TEK board has formed an independent sub-committee to review manager performance. The Investment Manager has agreed to conduct an internal review and report to this sub-committee, with the company indicating it will update the market as the review progresses.
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 Australian-listed investment company focused on technology-related opportunities. The firm allocates capital across a portfolio of tech and innovation-focused assets, aiming to generate returns for shareholders through active investment management and market positioning in the technology sector.
Average Trading Volume: 217,143
Technical Sentiment Signal: Hold
Find detailed analytics on TEK stock on TipRanks’ Stock Analysis page.