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Thorney Technologies Limited ( (AU:TEK) ) just unveiled an update.
Thorney Technologies Ltd reported a decline in its net tangible asset (NTA) backing per share for March 2025, reflecting broader negative market sentiment influenced by global economic growth concerns and inflationary risks. The company’s portfolio performance was negatively impacted by several investments, although there were positive contributions from others. TEK paused its share buyback program to conserve cash for future opportunities, and Thorney Investment Group increased its shareholding in TEK to 27.6%. Despite market volatility, TEK remains optimistic about its medium to long-term outlook, with the potential IPO of eToro on the Nasdaq being a notable development.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company focusing on technology-related investments across various stages of the investment lifecycle. The company invests in early-stage companies with disruptive technologies in sectors such as fintech, e-commerce, education, agriculture, medical, telecommunications, robotics, and AI. Managed by Thorney Investment Group, TEK leverages networks in Australia, Israel, and the USA to source high-quality investment opportunities in both listed and unlisted entities.
YTD Price Performance: -38.57%
Technical Sentiment Signal: Strong Buy
For a thorough assessment of TEK stock, go to TipRanks’ Stock Analysis page.