Thorney Technologies Reports February NTA Decline Amid Market Uncertainty

Thorney Technologies Limited ( (AU:TEK) ) just unveiled an announcement.

Thorney Technologies Ltd reported a decline in its net tangible asset backing per share for February 2025, reflecting broader market uncertainties influenced by geopolitical and economic factors. Despite the downturn, the company highlighted the potential value within its portfolio, exemplified by Envirosuite Limited’s acquisition proposal at a significant premium. TEK paused its share buyback program due to market volatility but remains vigilant for emerging opportunities, with the chairman expressing an intention to purchase shares on-market.

More about Thorney Technologies Limited

Thorney Technologies Ltd (TEK) is an ASX-listed investment company focused on investing in technology-related sectors at various stages of the investment lifecycle. The company targets early-stage companies with disruptive technologies across diverse fields such as fintech, e-commerce, education, agriculture, medical, telecommunications, robotics, and AI. TEK is managed by Thorney Investment Group and leverages networks in Australia, Israel, and the USA to generate high-quality investment opportunities in both listed and unlisted entities.

YTD Price Performance: -11.43%

Technical Sentiment Consensus Rating: Strong Buy

For detailed information about TEK stock, go to TipRanks’ Stock Analysis page.