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TruFin ( (GB:TRU) ) has provided an update.
TruFin plc announced the acquisition of 100,000 of its own Ordinary Shares at an average price of 98.00 pence per share, with plans to cancel these shares. This purchase exceeded 50% of the average daily traded volume on the London Stock Exchange over the past 20 days, highlighting a strategic move to manage its share capital and potentially enhance shareholder value. The total number of shares with voting rights now stands at 103,734,774, which is relevant for shareholders under the Financial Conduct Authority’s rules.
Spark’s Take on GB:TRU Stock
According to Spark, TipRanks’ AI Analyst, GB:TRU is a Outperform.
TruFin’s overall stock score is bolstered by strong financial performance and strategic corporate events such as share buybacks, indicating confidence in future performance and potential undervaluation. However, technical indicators suggest caution due to overbought conditions, and the valuation appears full, limiting upside potential.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company overseeing three growth-focused technology businesses that operate in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company was listed on AIM in February 2018 and trades under the ticker symbol TRU.
Average Trading Volume: 170,154
Technical Sentiment Signal: Buy
Current Market Cap: £96.1M
For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.