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TruFin ( (GB:TRU) ) has provided an update.
TruFin plc announced the acquisition of 100,000 of its own Ordinary Shares, exceeding 50% of the average daily traded volume on the London Stock Exchange over the past 20 trading days. This strategic move, executed through Panmure Liberum, will result in the cancellation of the purchased shares, impacting the total number of shares with voting rights and potentially affecting shareholder calculations 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 strong financial turnaround, strategic corporate actions, and reasonable valuation contribute positively to its stock score. Technical indicators suggest caution due to potential overbought signals. The company’s proactive buyback strategy reinforces confidence in its future performance.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company with a focus on growth-oriented technology businesses in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company has been listed on the AIM market since February 2018 under the ticker symbol TRU.
Average Trading Volume: 170,265
Technical Sentiment Signal: Buy
Current Market Cap: £92.56M
Learn more about TRU stock on TipRanks’ Stock Analysis page.