Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Thorney Technologies Limited ( (AU:TEK) ) has provided an announcement.
Thorney Technologies Ltd reported a slight decline in its net tangible asset (NTA) backing per share for August 2025, with pre-tax NTA decreasing to 24.8 cents from 26.1 cents in July. Despite some weaker positions contributing to this decline, the company remains optimistic about its portfolio’s growth potential, particularly in companies like Credit Clear Limited and Doctor Care Anywhere. The company did not engage in on-market share buybacks during the month, and its current buyback program is set to expire in October 2025. The Thorney Investment Group maintains a significant shareholding interest of 29.2% in TEK.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company focused on technology-related investments across various sectors, including fintech, e-commerce, education, agriculture, medical, telecommunication, robotics, and AI. The company aims to identify early-stage companies with disruptive technologies and business models, leveraging networks in Australia, Israel, and the USA for investment opportunities in both listed and unlisted entities. TEK is managed by Thorney Investment Group under a long-term investment management agreement.
Average Trading Volume: 202,113
Technical Sentiment Signal: Hold
Learn more about TEK stock on TipRanks’ Stock Analysis page.