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The latest update is out from Thorney Technologies Limited ( (AU:TEK) ).
Thorney Technologies Ltd reported a slight decrease in its pre-tax net tangible assets (NTA) per share to 25.6 cents at the end of January 2025, compared to the previous month. The company’s investment portfolio experienced minor setbacks, largely due to global market volatility, though certain investments such as Dubber Corporation and Raiz Invest provided positive contributions. TEK remains active in its share buyback program, purchasing over 818,000 shares in January to address the discount between share price and NTA, and plans to release its half-year financial results by late February 2025.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company that focuses on technology-related investments across various stages of the investment lifecycle. The company targets early-stage companies with innovative, disruptive technologies and business models, covering sectors such as fintech, e-commerce, education, agriculture, medical, telecommunication, robotics, and AI. TEK is managed by Thorney Investment Group and sources high-quality investment opportunities through networks in Australia, Israel, and the USA.
YTD Price Performance: 4.29%
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of TEK stock, go to TipRanks’ Stock Analysis page.
