Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Thorney Technologies Limited ( (AU:TEK) ) has shared an update.
Thorney Technologies has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares under the code TEK. The latest daily disclosure shows that a cumulative 6,317,534 shares had been repurchased before the previous trading day, with an additional 238,195 shares bought back on that day.
The continuation of the buy-back indicates Thorney Technologies’ active capital management strategy and may signal confidence in the company’s underlying value to investors. Regular daily reporting of buy-back volumes also enhances transparency for shareholders, allowing the market to better assess the potential impact on share liquidity and earnings per share over time.
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 trading under the ASX code TEK. It focuses on listed and unlisted technology-related investments, providing shareholders with exposure to a portfolio of tech-focused opportunities across various stages of growth.
Average Trading Volume: 236,678
Technical Sentiment Signal: Sell
See more data about TEK stock on TipRanks’ Stock Analysis page.