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The latest update is out from TPG Telecom Limited ( (AU:TPG) ).
TPG Telecom Limited has announced the launch of its Reinvestment Plan, allowing eligible minority shareholders to reinvest their cash distribution into new shares. This initiative aims to increase minority ownership, improve trading liquidity, and maintain market capitalization. The plan includes both institutional and retail components, with the potential to raise approximately $688 million. The company has confirmed its FY25 EBITDA guidance and reduced capital expenditure guidance, indicating stable financial expectations.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited operates in the telecommunications industry, providing a range of services including mobile and broadband solutions. The company focuses on enhancing its market presence and liquidity through strategic financial initiatives.
YTD Price Performance: 23.46%
Average Trading Volume: 1,389,832
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.07B
For detailed information about TPG stock, go to TipRanks’ Stock Analysis page.